C | Consideration and Adoption of Resolution No. 2019-32: A resolution of the Flagstaff City Council adopting the City of Flagstaff Public Safety Personnel Retirement System Pension Funding Policy; delegating authority; and establishing an effective date. | ||||||
Management Services Director Rick Tadder provided a PowerPoint presentation that covered the following: PUBLIC SAFETY PENSION FUNDING POLICY STEP 1: INTRODUCTION STEP 2: PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM STEP 3: PSPRS FUNDING GOAL BASE PLAN – NO ADDITIONAL CONTRIBUTION GRAPH $871,000 ADDITIONAL ANNUAL CONTRIBUTIONS GRAPH UNFUNDED ACTUARIAL ACCRUED LIABILITY (UAAL) PATH FORWARD |
|||||||
Moved by Councilmember Charlie Odegaard, seconded by Councilmember Jim McCarthy to read Resolution No. 2019-32 by title only. | |||||||
Vote: 7 - 0 - Unanimously | |||||||
A RESOLUTION OF THE FLAGSTAFF CITY COUNCIL ADOPTING THE CITY OF FLAGSTAFF PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM PENSION FUNDING POLICY; DELEGATING AUTHORITY; AND ESTABLISHING AN EFFECTIVE DATE | |||||||
Moved by Councilmember Charlie Odegaard, seconded by Councilmember Jim McCarthy to adopt Resolution No. 2019-32. | |||||||
Vote: 7 - 0 - Unanimously | |||||||