General Employee Pension Board - Regular Meeting

I've got a couple of questions, Adam. At the two general employee board meetings ago, there was a vote, and the vote was whatever you said, six to one, to try and help Mrs. Olsen. I'm sorry, just to be clear, there was a five to one that was July 28th, and it was six to zero on April 28th. All right. And then two meetings ago, there was the recommendation brought forward to change the plan. That vote was three to two. There were two people not present, and those were Esmond and myself, which left five people there. Bob Williamson voted against it, and so did Tom Longman. The other three member

So you're saying that two meetings ago, there were six people there?

It's not important. I just – I spoke – the minutes were told to me to be incorrect, and they were supposedly corrected from that – of the previous meeting at the last meeting. And I can bring Tom and Bob here for the next meeting, and I can promise you they will testify that there were five people there, and that, in fact, was the vote.

Adam, one more question. You're saying that the board has seen what you're proposing here in this, that that's going to be in the minutes and that this was presented by you to the board. Which meeting would that have been at?

I haven't heard anybody say that. Adam, nobody is arguing about whether this is too expensive or not. Let me just say one thing to you. I have a monstrous problem with bringing these type of issues straight to council and our pension board that we have selected, elected to look at these type of issues, and they've never seen this. You're coming to council with this, and we have no idea as far as the second part of that that you're presenting, because as you just said, they've never seen it. So I would hope that in the future we could reverse that and at least get you all would be carrying a di

that's where I'm at with this and I would like answers from everybody including my colleagues thank you mr. mayor I think that was like everything he said there you're right no it's not only the board it's all every it's all of it but if we're gonna change a pension that's been in existence for 90 years or 80 years And instead of helping, everybody wants to help this family. I haven't met a person who doesn't say, we shouldn't help her. And I'm all 100% for it. The question is, how do we do it? And is the answer to go in and change a plan that's been in this village for 90 years, and that's th

We should plug this hole, though, one way or another. Well, I think we ought to just give her the money. If it's $27,000 a year, does that agree that we're going to take that out of the pension?

While we're doing it now, we should – When has it happened before? Anybody been here long enough? It doesn't matter.

I just wanted to correct something that you just said.

The pension board doesn't care what option someone chooses because if you choose 100%, it's less per month.

Well, and I shouldn't talk anymore, but here's an idea. Why don't we just... You're concerned that she needs some money right now. Why don't we just have a council resolution that we're going to pay her $27,000 a month? Okay, if it's the money you're concerned about. It's not the money. Okay. All right, fine.

Can we defer this and have a chance to actually ask? For the rest of you all, I got this book today. My pad doesn't work, and so I had, you know, I mean, it's just impossible to be – to be up to date on this in the timeframe that was available. And I feel that there's an awful lot of things here that are not accurate that we need to – and again, it bothers me the most. This has never even been presented to our pension board for us to have people look at it that are supposedly experts in that. So I wish we would defer this right now. I don't see why we have to make We have another meeting in tw

Or table it? Or table it, you know, then it's not a first reading.

I'd like to see it deferred until the pension board can at least look at it, and we have their input on what they think. And in the meantime, that gives us an opportunity also, and the other people, as Jerome said, that are involved from the village of Istanbul. We're going to change a retirement plan that's been around 90 years, and we ought to change it right. And we're not going to do that right now.

you all discussed tonight what we discussed and have the information you gave us and then hopefully give us a recommendation and then whoever else in the village we need to talk to you know so that when we come back we'll have recommendations from anybody we can get them from on what the best way for us to change our pension plan is.

Well, you gave the two examples yourself, Riviera Beach and I think Miami Springs. All right, so you gave four examples, but my point is they're radically different, and those councils had to believe that that was the best way for their pension to function. And so now Miami Shores needs to find out what the best way for our pension to function is. And we can't do that right now without more information.

But, Esmond, if we're going to change our pension plan after all these years, then let's change it to the best one that you can have. I agree with you, sir. Okay? Yeah. And let's talk to whoever we have to talk to to find out what that is. Everybody. Yes. Oh, there should be public – this should be a public meeting. Oh, yeah. It is a public meeting. It is a public meeting.

Well, interestingly, they have brought it up. Again, that's, we're not going to bring that up. We don't know it.

Adam, if it's too far away, they can call a special meeting any time they want. I know there's only four meetings a year, but we don't have to wait until whatever their schedule is. You could certainly bring that up. Right. We may try to do a special board meeting. There you go.