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Budget committee recommends sending pension amendment to full Board
Summary
The Budget & Finance Committee voted unanimously to forward Resolution 28 25-97, which would amend oversight of the closed employee pension plan and give the mayor more latitude to assign duties formerly handled by the Employee Pension Committee, to the Board of Mayor and Aldermen for consideration.
The Budget & Finance Committee on Jan. 8 voted to forward Resolution 28 25-97 to the full Board of Mayor and Aldermen for consideration. Staff said the resolution would amend the City of Franklin's closed and restated employee pension plan (closed to new hires as of Dec. 31, 2016) to give the mayor greater latitude in assigning duties currently handled by the Employee Pension Committee.
Christine, a staff presenter, told…
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