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Board approves annual payment update for service retiree payments
Summary
The Police and Fire Pension Board voted to approve the annual payment update — computed from a rolling three-year formula — by roll call at the July 28 meeting; one member was recorded absent.
The Police and Fire Pension Board voted on July 28 to approve the annual payment update for service retiree payments as an action item.
The item was described by a staff speaker as an action item driven by a rolling three-year formula that incorporates applicable increases and individual retiree percentages. A motion to approve the annual payment update was moved and seconded; the clerk conducted a roll-call vote and recorded Member Berry (alternatively spelled "Barry" in the record) as absent. The chair announced the motion passed.
The transcript does not record the names of the mover and seconder. The vote was recorded as passing by the members present; no amendments or conditions were noted in the spoken record. The board set its next meeting for Tuesday, October 27 at 3 p.m.
