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Council to consider conversion of police and fire pension plan to city plan administered by Employee Retirement System of Alabama
Summary
Staff presented an item requesting council authorization to convert the Tuscaloosa police and fire pension plan into the city of Tuscaloosa pension plan administered by the Employee Retirement System of Alabama; the request was submitted by the mayor and forwarded from the finance committee.
City staff told the council they will seek authorization to convert the existing Tuscaloosa police and fire pension plan into the city of Tuscaloosa pension plan administered by the Employee Retirement System of Alabama. The item, staff said, was requested by the mayor and had come to the council from the finance committee earlier in the month.
The transcript excerpt records the item’s presentation but does not show council debate or a recorded vote on the conversion. Staff placed the item on the projects/finance agendas for consideration and noted its prior consideration by the finance committee.
