HomeMy WebLinkAboutPension & Audit Committee June 5, 2018
PENSION & AUDIT COMMITTEE COMMISSION CHAMBER
June 5, 2018
PRESENT: Hons. Hardie Davis, Jr., Mayor; Mary Davis, Mayor Pro Tem; Janice Jackson,
Administrator; Donna Williams, Finance Director; members; Lena Bonner, Clerk of Commission.
ABSENT: Hon. Sean Frantom, member.
The Mayor: We’ll call the meeting to order. The Chair recognizes Madam Clerk.
The Clerk: Yes, sir, thank you. The Pension Committee to approve the adoption of an
Ordinance to revise Adoption Agreements, General Addendums and Credit Service
Purchase Agreements for the GMEBS 1 Plan and waive second reading.
Mr. Mayor: Okay. That is the nature of our meeting today. It’s a very minor change.
There were two issues with the GMEBS documents that we passed at the previous Commission
meeting. There was language that made the 2% multiplier effective July 1 but required that you
be an active employee on that date which means that people who retire would not get it. We’ve
since made that change and then there’s another date change in there. That is the effect of what
we’re doing today. All right. All right, the Chair will entertain a motion.
Ms. Williams: Motion to approve.
Ms. Davis: Second.
Mr. Mayor: All right, we’ve got a motion and a proper second. All those in support normal
hand.
Motion carries 4-0.
Mr. Mayor: All right, the Chair recognizes the commissioner from the sixth. He looks like
he may have had a question.
Mr. Hasan: No, sir, I’m fine, Mr. Mayor.
Mr. Mayor: All right, thank you, sir. All right, Madam Clerk, any additional business
before us?
The Clerk: No, sir, that’s it.
Mr. Mayor: All right, this meeting is adjourned.
ADJOURNMENT: There being no further business, the meeting was adjourned.
Lena J. Bonner
Clerk of Commission