Remarks by Jim McCoy
35 remarks on the record, newest first · Page 1 of 2
- Play at 40:33
“I talked to numerous employees about this situation and what people would like to see done. One of the things is what we don't have here is if a guy leaves, if a guy works 10 years and he's vested and he leaves and goes somewhere else or whatever and his intention to draw his money at age 62. If he passes away before age 62, there's never been a benefit for that person. so what you know the employees and different people we've talked about is to when they leave or when they're vested to sign the paper to say what they want to do with their pension so that they are you know covered as people…”
General Employee Pension Board · Jan 27, 2026
- Play at 43:57
“So if it's a 10-year, we'd be on that percentage, not a full 30 years.”
General Employee Pension Board · Jan 27, 2026
- Play at 51:00
“Wasn't he here 27 years? And he's age 54?”
General Employee Pension Board · Jan 27, 2026
- Play at 51:09
“So he was over the 25 years that we keep saying...”
General Employee Pension Board · Jan 27, 2026
- Play at 51:16
“And it's age 55. He was a year shy of that. He was a year shy of 55. So that's why he didn't get the thing.”
General Employee Pension Board · Jan 27, 2026
- Play at 51:24
“What we proposed, I thought, was for her to be able to wait until his 30th anniversary.”
General Employee Pension Board · Jan 27, 2026
- Play at 51:33
“2029 and draw a 27-year pension, you know, on his years of service, whatever it is, that pension number be that amount on his 30th anniversary. That's what we were proposing. But the thing that we didn't have was her age and difference, what the lesser amount was. We said the full amount. But it should be the amount that your spouse would get.”
General Employee Pension Board · Jan 27, 2026
- Play at 52:13
“It should be the reduced amount for her age or whatever it is.”
General Employee Pension Board · Jan 27, 2026
- Play at 52:20
“That's what we proposed, but we did not have that in the writing, and that's what got kicked back. I think it should be the reduction of her age, whatever that is.”
General Employee Pension Board · Jan 27, 2026
- Play at 54:03
“For this situation? Yes, for this situation.”
General Employee Pension Board · Jan 27, 2026
- Play at 54:39
“I'm going to use 27 years because I don't know the exact amount. As a 27-year employee, his intentions would be to be here for 30 years. So his beneficiary would have been his wife.”
General Employee Pension Board · Jan 27, 2026
- Play at 54:55
“So his wife, on his 30th anniversary, would be able to draw his pension at whatever the amount is for the spouse of age difference. I don't know what that's called.”
General Employee Pension Board · Jan 27, 2026
- Play at 55:36
“And whatever that reduction is, is what she should get.”
General Employee Pension Board · Jan 27, 2026
- Play at 56:47
“But it would be the same impact if he would have lived and drew the pension for her. There's not really a big impact on the pension because he would have drawn it anyway if he would have made it to 30 years.”
General Employee Pension Board · Jan 27, 2026
- Play at 58:23
“Whenever his 30th anniversary would have been.”
General Employee Pension Board · Jan 27, 2026
- Play at 58:43
“I think that's the fair thing, not of this date. I think it would have to be on his 30th anniversary.”
General Employee Pension Board · Jan 27, 2026
- Play at 1:02:03
“I'm looking at what is fair, I think, for everybody. I don't want to single out a person for feelings. I think as a board or as we have to do for the group,”
General Employee Pension Board · Jan 27, 2026
- Play at 1:02:38
“Can you hold one second? Sir, is it possible that before the item is voted on that we can entertain public comment?”
General Employee Pension Board · Jan 27, 2026
- Play at 1:02:59
“I felt that, you know, we're talking about this situation. The thing I brought up earlier would be for the future and other things that we need to fix on 18A. We're just concentrating on this situation here. And my intention is that if he worked here 27 years, he was going to retire here. He was going to work the full 30 years and retire. whatever, then he would have drawn up the paper that they give and signed his beneficiary or whatever. So we're actually doing that ahead. So we're saying that he passed away. She will get his pension at the reduced amount, whatever that number is because of…”
General Employee Pension Board · Jan 27, 2026
- Play at 1:05:18
“Was to be able, for her, to be able to draw... his benefit on his 30th anniversary date. So whatever his 30th anniversary was, 2029.”
General Employee Pension Board · Jan 27, 2026
- Play at 1:05:34
“Yes, 2029. So she would be able to draw the amount of his pension of the reduction of the spouse.”
General Employee Pension Board · Jan 27, 2026
- Play at 1:05:47
“It's 100% of his, but she gets less because of her age and different things.”
General Employee Pension Board · Jan 27, 2026
- Play at 1:06:21
“Because if I died today, that's what my wife would get. And it would be fair that that would be fair for everybody.”
General Employee Pension Board · Jan 27, 2026
- Play at 1:06:40
“Well, she did get a check from here for her life policy and different things. And”
General Employee Pension Board · Jan 27, 2026
- Play at 1:06:54
“She did get a life insurance policy from here. I guess that she was the beneficiary. I don't know that.”
General Employee Pension Board · Jan 27, 2026