Remarks by Robert Williamson
73 remarks on the record, newest first · Page 3 of 3
- Play at 45:04
“But aren't you talking about really two problems here? Problem number one is this specific situation, and problem number two is the overall design of a plan, one of which is the issue you raised here, but also this is a 20-year-old plus plan. So I think the real thing is should we go back and look at the entire plan, but I think first we should fix this. And in my mind, the easiest thing to do is for us to say, well, add a 25th year by simply charging it against the plan. Now you can ask somebody to pay for it. And then the family can get the benefits immediately. And that solves problem…”
General Employee Pension Board · Jan 27, 2026
- Play at 46:29
“That's sort of my point. The saying we'll add a 25th year of service as if he had retired, had died at 25 years, then Section B kicks in at that point. and then paid that benefit, which solves the immediate problem, then go back and look at the plan overall. Because I think we're trying to fix the plan a little bit to solve a singular problem.”
General Employee Pension Board · Jan 27, 2026
- Play at 47:03
“So let's do the others, but let's do this separately.”
General Employee Pension Board · Jan 27, 2026
- Play at 53:12
“Well, I think we're not going to make a recommendation and change the plan. I think we're now, what is the recommendation for this specific case? That we can solve this problem hopefully here and go back to the council and say we suggest you do X.”
General Employee Pension Board · Jan 27, 2026
- Play at 53:43
“Well, perhaps we should just get a sense of the group. If that's it, then we put it in its case of motion. I know how you feel, but I feel that it ought to be modified, as you all were talking about.”
General Employee Pension Board · Jan 27, 2026
- Play at 54:26
“So then what would be the specific recommendation for this case? Is it simply to add a year? No. Or maybe you can explain it a little bit.”
General Employee Pension Board · Jan 27, 2026
- Play at 58:19
“Am I correct that the benefit would not start for four years? Is that correct?”
General Employee Pension Board · Jan 27, 2026
- Play at 58:25
“It would be four years. Because I think it's retroactive.”
General Employee Pension Board · Jan 27, 2026
- Play at 58:32
“And is that generally agreeable with the family? Is that correct?”
General Employee Pension Board · Jan 27, 2026
- Play at 59:22
“And what we're saying is that we will... Do it as if he retired on that date and died simultaneously. Correct. Yes. Is that a motion before us at this point?”
General Employee Pension Board · Jan 27, 2026
- Play at 1:16:51
“I would say it's more limited. It's specific to this person.”
General Employee Pension Board · Jan 27, 2026
- Play at 1:17:09
“But the ordinance date would be so limited it would be only this person. We know that because we passed those.”
General Employee Pension Board · Jan 27, 2026
- Play at 1:24:44
“We already voted. We already voted. No, no.”
General Employee Pension Board · Jan 27, 2026
- Play at 1:39:05
“A question, if I might, to the actuaries, if they could take a quick. What is our current actuarial liability? Do you have that decided?”
General Employee Pension Board · Jan 27, 2026
- Play at 1:40:54
“Sort of your actuarial number is 22 and a half at present, give or take a few cents.”
General Employee Pension Board · Jan 27, 2026
- Play at 1:41:24
“And I realize that you'd use a five-year average also on the actual. I understand that. But I'm just trying to get a sense of where we are in terms of funding. Okay, thank you.”
General Employee Pension Board · Jan 27, 2026
- Play at 1:42:12
“And I would say that... We don't have any further action. No further action.”
General Employee Pension Board · Jan 27, 2026
- Play at 2:44:01
“Is this other than magisterial decision? Well, I think it's... Or is there a policy decision? Because if it's something magisterial, then you'd say it's okay as of that date and we simply approve it ex post facto.”
General Employee Pension Board · Jan 27, 2026
- Play at 2:44:34
“And my question is, is approval anything other than pro forma?”
General Employee Pension Board · Jan 27, 2026
- Play at 2:48:44
“That way you can read these really – But it says receipt, not vote.”
General Employee Pension Board · Jan 27, 2026
- Play at 2:49:13
“So receipt is when somebody delivers a piece of paper The administrator.”
General Employee Pension Board · Jan 27, 2026
- Play at 2:49:40
“It's received. I mean, if it had to be voted on, would the language not say it must be voted upon?”
General Employee Pension Board · Jan 27, 2026
- Play at 2:50:58
“Just to summarize. So March is wrong. It's when it was received. And it was received in November, correct?”
General Employee Pension Board · Jan 27, 2026