Remarks by Jerome Charles
393 remarks on the record, newest first · Page 15 of 16
“There's discussion about alternatives, though, and the reason it went back there was those discussions instead of here. There are other alternatives other than changing the ordinance. and those need to be discussed. There's a one-time thing with the general fund where we just and other municipalities have done this. This is what we asked for. That's the board that does this. It was like it came here as an ordinance. We saw there was irregularities with it when it was brought to us the first time. We asked for it to go back there and have discussion. We did not ask for C. I could guarantee you…”
“But I'm saying for this instance, we were asking that particular board for alternatives than changing the code. And if the only thing you could do was change the code, then that's it.”
“That is not true. This board right here can have a discussion about it. And that's what that board should have had the discussion about it. Oh, we discussed it for a couple, several hours. No, no, not, what was, was there a bridge talked about? Was there using the general fund talked about? Was there an annuity that was talked about?”
“But that's what he would have been entitled to if he died at 55 and it hit B. Correct or incorrect?”
“I understand that, but he is the closest to the finish line that we keep on talking about. The solution for this is what he was entitled to, the close to the finish line, to give the benefit. Where this discussion went, that it's the full, it was not from this dais.”
“There was an employee on the board, like he said, that had this one, and then the board discussed that, correct?”
Not quoted here: it may name a member of the public. Hear it at the meeting.
“Since you're saying that in fair and you're doing the law, I'll do the thing with what's in front of us. Is it normal practice to backdate something?”
“Well, in your years of doing, how many laws have you passed that are just for one person?”
“Those are my concerns. They're not discussion amongst board members. It's just that's, you know, this is when we pass it. It's a law. And those are, yeah, there are discussions about that. But it's not rock solid for what you're saying right now. and it can be challenged.”
“It's 7%. It's usually 7%, 5% to 7% per year for what you're short from 62%. And then it adds up. So do the math. That's like eight times seven on the high end. It would be – or six times. It's like if he was at 54, at 62, it's eight years. And then whatever the percentage is between five and seven percent, and that's the lower.”
“If the ordinance was written that way, yes. We didn't have that presented to us.”
Not quoted here: it may name a member of the public. Hear it at the meeting.
“Well, I think one of the other discussions, since it is budget season coming up, the manager has instated what the law is right now. And also to honor him for 25 years Whether it's a you know Something definitely over at the Aquatic Center and we'll discuss that as a council But it's also like I said before there's a bridge that could be done. There's a hybrid there we could talk about Again in fairness for this one and also the other one does not table the discussion about the actual pension in the 21st century. Some of the stuff that was brought up to us, and it might have been too much for…”
“So this was made from the January meeting?”
“Right, but then the document had to come back and they had to read it and then approve it. Those minutes aren't available. The April 28th minutes are not available. So that's the discussion. That was 4-3, correct or incorrect?”
Not quoted here: it may name a member of the public. Hear it at the meeting.
“I mean, in my opinion with this, again, the closest thing to when using the word finish line would be the benefit for early retirement. But we don't even know what the, again, like I said before, sorry, is that that piece of paper wasn't filled out. So you're doing assumptions then.”
“I mean I think there's three points here that have been discussed that the village itself should look at implementing a board forward-looking policy reform is number one because it wasn't I mean it says it's going to take time but we really should do that and look into that and then try to so that this isn't a single it removes the single case precedent risk number two I think we should utilize and we should discuss it is a non-pension municipal settlement also which wasn't we it's an honest discussion we could have amongst ourselves the dais and even in that if it's an item on the thing then…”
“No, with that said, the three points that I brought up and the one where it cost the village money is if you're finding a solution, there's two different things. One is you saw that there's a gap, but then the other two things that I brought up here, It's probably for best for everybody if maybe the solution for this, the manager presented one which is the exact pension and that's what the benefit is. But then there's the in between, that one that I thought would be discussed amongst professionals in retirement. There's a non-pension, so we're not dealing with the actual code. We're not…”
“It wouldn't be insurance. I think what we have to do is the non, we'd have to work with staff on the non-pension municipal settlement is what it would be. And that's through the general fund. Good, good. Well, we have to, and then it's, I don't know if on the dais right now is give a direction or if it's consensus. I mean, I think that's a good idea. I think that might be the solution for this. And also that all three of these points that I brought up are addressed in a timely fashion. It's been a year, so. It's a hard discussion. I mean, I'll be frank with everybody. And, you know, we're all…”
“The employee has choices. Yeah. That's what it is. I mean.”
“Well, the life insurance, I mean, even at the place, everybody gets life insurance because that's what we have here as employees.”
Not quoted here: it may name a member of the public. Hear it at the meeting.
“Will that come up before, like when we're in budget season?”