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Edgewater pension board approves ordinance change on reemployment benefits, OKs SPD update and member-portal fees
Summary
Trustees approved an ordinance amendment to Section 4.05 on benefits upon reemployment after retirement for the police chief, authorized an SPD update not to exceed $750, approved annual member-portal updates ($4,500 annually quoted), and tabled a plan restatement to September.
The Edgewater Police Pension Board on June 10 approved an ordinance amendment to Section 4.05 addressing benefits upon reemployment after retirement for the police chief and department head, and authorized several administrative updates.
"I move to approve... the ordinance section 4.05 for the benefits upon reemployment after retirement," a trustee said when making the motion; the motion was seconded and passed by roll call.
Why it matters: The ordinance amendment clarifies benefits treatment for reemployed department heads and will be forwarded as needed for any required city council actions. The board also acted on routine plan administration steps that affect member communications and plan documentation.
Key board actions - Summary Plan Description: The board approved updating the SPD, noting the SPD must be updated every two years under statute. Staff told trustees Foster & Foster or Pedro’s office can perform the update for a fee not to exceed $750; a trustee moved to approve the update at that amount and the motion carried by roll call. "The amount of $750," a trustee said when moving the approval.
- Member portal / annual pay-feed: Staff reported the city cannot supply biweekly payroll data and recommended annual member-portal updates instead, with a quoted annual fee of $4,500 (setup fee unchanged). A trustee moved to proceed with annual updates to establish the member portal; the motion was seconded and approved by roll call.
- Plan restatement: Trustees discussed a comprehensive restatement of the plan to incorporate prior amendments. Because a separate ordinance amendment (about in-service distributions/continuing to work for the police chief) was pending, trustees voted to table the restatement to the September meeting and to finalize the ordinance amendment first, then fold the changes into the restatement.
Procedure and next steps: Board counsel/staff (Pedro Guerrero) advised that the fifth trustee must be elected by the other four trustees and recommended postponing that election until a full complement of trustees is present; the item will be added to the next agenda. Pedro also reminded trustees that financial-disclosure filings are due through the online portal on July 1.
Votes at a glance - Approval of minutes (March 11, 2024): motion carried (recorded votes: Joe Mahoney — yes; Miles Oller — yes; Charles Geiger — yes). - Member-portal annual updates (authorize proceeding): motion carried (recorded votes: Joe Mahoney — yes; Charles Geiger — yes; Miles Oller — yes). - SPD update (authorize up to $750): motion carried (recorded votes: Joe Mahoney — yes; Charles Geiger — yes; Miles Oller — yes). - Ordinance amendment Section 4.05 (benefits on reemployment for chief/department head): motion carried (recorded votes: Miles Oller — yes; Joe Mahoney — yes; Charles Geiger — yes).
The board adjourned with the restatement of the plan tabled to September and administrative follow-ups assigned to staff.
