01/29/1992, Special Meeting MinutesPage 18 6 5
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MINUTES OP
i{ENNEDALE CITY COUNCIL
SPECIAL MEETING - .7ANUARY 29, 1992
COMMUNITY CENTER
Mayor Steve Radakovich called the meeting to order at 7:05 PM.
Members present were Mayor Radakovich, Robert Mundy, Pete
Kirkpatrick, Tom Boone and Ron Kovach. Mark Wright arrived at
7:10 PM.
Staff in attendance were Ted Rowe, David Geeslin and Vicki
Thompson.
Mr. Bill Glazer of Glazer Pension Group introduced Mr. Maury
Glazer who outlined a retirement plan based on City contribution
only and an age weighted program. Discussion followed and Maury
Glazer informed Council that his plan could be structured to
Council's desire with the option of increasing, decreasing, or not
participating in subsequent years. Mr. Glazer suggested that his
plan be supplemented with a 457 deferred compensation plan for
employees to contribute if they desired.
Police Chief David Geeslin asked Council to clarify their intent
on a retirement system. Geeslin wanted to know if "retirement in
lieu of future pay raises" was the intent of the Council. Mayor
Radakovich said that retirement was not considered in lieu of pay
increases. Councilman Tom Boone stated that the retirement system
would be part of the benefit package as an extra perk.
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General discussion followed, no action was taken by council-.
Motion by Ron Kovach, second by Robert Mundy to adjourn at 9:05
PM. Motion carried unanimously.
APPRO~ED
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Mayor Steve Radakovich
ATTEST:
City Secretary
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