B | Consideration and Adoption of Resolution No. 2023-36: 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 stated that the resolution was an annual administrative process required by state statute. Flagstaff was still over 100% funded in its public safety plans and there were no recommended adjustments. Council offered gratitude for finding solutions for the pension challenges. It was a big problem and now is funded at more than 100%. |
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Moved by Councilmember Jim McCarthy, seconded by Councilmember Miranda Sweet to read Resolution No. 2023-36 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 Jim McCarthy, seconded by Councilmember Miranda Sweet to adopt Resolution No. 2023-36. | |||||||
Vote: 7 - 0 - Unanimously | |||||||