HomeMy WebLinkAbout2019-02-12 Meeting AgendaSpecial Called Meeting Commission Chamber- 2/12/2019- 11:00 AM
1. LEGAL MEETING
A. Pending and potential litigation
B. Real estate
C. Personnel
Attachments
2. Motion to authorize execution by the Mayor of the affidavit of
compliance with Georgia's Open Meeting Act.Attachments
3. Motion to approve amending the definition of public safety
employees in the 2008 GMEBS plan to include post-certified
employees of the Coroner's office. The amendment to the plan
document would be in the form of an ordinance which would be
drafted by GMA, the plan administrator, and brought back to this
body for approval. (Approved by Pension Committee
November 20, 2018 and requested by the Administrator)
Attachments
4. Motion to approve adding Roth Amendment to 457(b) plan.
(Approved by Pension Committee November 20, 2018 and
requested by the Administrator)
Attachments
www.augustaga.gov
Legal Administration Committee Meeting
2/12/2019 11:00 AM
Legal Meeting
Department:
Presenter:
Caption:LEGAL MEETING
A. Pending and potential litigation
B. Real estate
C. Personnel
Background:
Analysis:
Financial Impact:
Alternatives:
Recommendation:
Funds are
Available in the
Following
Accounts:
REVIEWED AND APPROVED BY:
Cover Memo
Item # 1
Legal Administration Committee Meeting
2/12/2019 11:00 AM
Legal Meeting Affidavit
Department:
Presenter:
Caption:Motion to authorize execution by the Mayor of the affidavit of
compliance with Georgia's Open Meeting Act.
Background:
Analysis:
Financial Impact:
Alternatives:
Recommendation:
Funds are
Available in the
Following
Accounts:
REVIEWED AND APPROVED BY:
Cover Memo
Item # 2
Legal Administration Committee Meeting
2/12/2019 11:00 AM
Pension Committee - Motion to amend definition of publice saftey employees in 2008 GMEBS Plan to
include post certified
Department:Finance - Pension Committee
Presenter:
Caption:Motion to approve amending the definition of public safety
employees in the 2008 GMEBS plan to include post-certified
employees of the Coroner's office. The amendment to the plan
document would be in the form of an ordinance which would be
drafted by GMA, the plan administrator, and brought back to
this body for approval. (Approved by Pension Committee
November 20, 2018 and requested by the Administrator)
Background:The coroner requested that post certified employees in his office
be included in the definition of public safety officers in the 2008
GMEBS plan.
Analysis:The potential financial impact of the proposed change was
evaluated by GMA, the plan administrator. They determined that
the incremental cost of the change is negligible.
Financial Impact:approximately $218 as determined by the GMA study
Alternatives:do not amend public safety definition
Recommendation:approve the requested change
Funds are
Available in the
Following
Accounts:
will be covered by normal employer contribution amounts
REVIEWED AND APPROVED BY:
Cover Memo
Item # 3
Cover Memo
Item # 3
Legal Administration Committee Meeting
2/12/2019 11:00 AM
Pension Committee - Motion to Approve adding Roth Amendment to 457(b) Plan
Department:Finance and Pension Committee
Presenter:
Caption:Motion to approve adding Roth Amendment to 457(b) plan.
(Approved by Pension Committee November 20, 2018 and
requested by the Administrator)
Background:Augusta offers an optional 457(b) deferred compensation
annuity (saving) plan to all employees. Employees can
contribute any amount they choose within limits set by Internal
Revenue Service. The plan is administered by Nationwide. The
account representative, Ms. Disrud, reports that several inquiries
have been made concerning Roth contributions.
Analysis:Roth contributions are not a current provision of Augusta's plan,
but are permissible under IRS rules. By adding this amendment
to the service plan, it would simply provide employees with
another option to save for the future.
Financial Impact:There is no financial impact to Augusta since all contributions to
this optional savings plan are made by the employee.
Alternatives:do not add the amendment, leaving the plan as it currently exists
Recommendation:add the amendment as approved by the Pension committee
Funds are
Available in the
Following
Accounts:
none needed
REVIEWED AND APPROVED BY:
Cover Memo
Item # 4
Cover Memo
Item # 4
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