Until we can get a clarification on the Pensioners Group Health and Life Insurance budget , we'll just leave at this.
Click here for news release.
Click here for amendment letter.
Showing posts with label Pension. Show all posts
Showing posts with label Pension. Show all posts
Monday, February 22, 2010
Tuesday, January 12, 2010
Cobb County Proposes Early Retirement
Cobb County is in step with others offering early retirement. Their deal sounds pretty sweet. The county is offering an incentive of 2 percent of pay per year for a maximum of 30 years to those considering early retirement.
Hopefully DeKalb County is considering such a deal to reward the dedicated employees and get others off the pay roll. There are so many rumors flying around about DeKalb's proposal it will make your head implode.
Maybe DeKalb County powers at be can take a lesson from Cobb County and give us a hint of what is being proposed instead of being so secretive.
Secrets and concealment usually result in a screwing. This is DeKalb County after all.
Click here for more
Hopefully DeKalb County is considering such a deal to reward the dedicated employees and get others off the pay roll. There are so many rumors flying around about DeKalb's proposal it will make your head implode.
Maybe DeKalb County powers at be can take a lesson from Cobb County and give us a hint of what is being proposed instead of being so secretive.
Secrets and concealment usually result in a screwing. This is DeKalb County after all.
Click here for more
Januray 2010 Pension Meeting Minutes
We held our Pension Board meeting on 1-7-2010.
An Election of Pension Board Officers was held with the following results: Chairman – Ed Wall, Secretary – Andrella Kenner, Clerk – Jelani Hooks and Vise-Chairman was deferred until the next meeting.
Ratification of 5 invoices was approved.
Review of 4th quarter market results by Callan revealed a good 4th quarter with a good rebound for the year 2009. Callan introduced 2 new representatives that will be handling our account.
Segal reviewed the early retirement incentive program and contribution projections.
Once approved by the BOC county employee contribution into the pension plan will go from 4.5% to 5%, this is the ½% increase discussed in previous emails. The split between county and employee contribution will be 10% county / 5% employee for 2010.
The early retirement incentive program is moving forward. Once the BOC makes a decision the exact details will be disclosed.
A Home Rule Ordinance changing the disability pension guidelines was approved and will be sent to the BOC for final approval. The changes are to require an employee be vested in the pension plan before he can receive a disability pension (excluding on the job injuries) and require the employee to be unable to engage in any occupation with the county for which he is or becomes reasonably qualified by education, training, or experience.
Requests from 5 employees to repay contribution withdrawn form the pension plan, so as to receive accredited service for prior employment were approved.
Requests from 2 employees to pay contributions for employment on leave without pay, so as to receive accredited service for that employment were approved.
Disability pensions for 3 employees were approved.
Disability pensions for 2 employees were denied.
Please post this and attachment for all employees that do not have email.
Please no emails on early retirement program. I will keep you posted as new info becomes available.
James Butler
Pension Board Member
Click here for November 2009 Pension Statement
An Election of Pension Board Officers was held with the following results: Chairman – Ed Wall, Secretary – Andrella Kenner, Clerk – Jelani Hooks and Vise-Chairman was deferred until the next meeting.
Ratification of 5 invoices was approved.
Review of 4th quarter market results by Callan revealed a good 4th quarter with a good rebound for the year 2009. Callan introduced 2 new representatives that will be handling our account.
Segal reviewed the early retirement incentive program and contribution projections.
Once approved by the BOC county employee contribution into the pension plan will go from 4.5% to 5%, this is the ½% increase discussed in previous emails. The split between county and employee contribution will be 10% county / 5% employee for 2010.
The early retirement incentive program is moving forward. Once the BOC makes a decision the exact details will be disclosed.
A Home Rule Ordinance changing the disability pension guidelines was approved and will be sent to the BOC for final approval. The changes are to require an employee be vested in the pension plan before he can receive a disability pension (excluding on the job injuries) and require the employee to be unable to engage in any occupation with the county for which he is or becomes reasonably qualified by education, training, or experience.
Requests from 5 employees to repay contribution withdrawn form the pension plan, so as to receive accredited service for prior employment were approved.
Requests from 2 employees to pay contributions for employment on leave without pay, so as to receive accredited service for that employment were approved.
Disability pensions for 3 employees were approved.
Disability pensions for 2 employees were denied.
Please post this and attachment for all employees that do not have email.
Please no emails on early retirement program. I will keep you posted as new info becomes available.
James Butler
Pension Board Member
Click here for November 2009 Pension Statement
Wednesday, December 16, 2009
December 2009 Penison Board Meeting 12-10-09
We held our Pension Board meeting on 12-10-2009.
We asked that the Pension Board's two requests from the November pension meeting be implemented. 1. The Board made a request to have the pension code changed so that an employee that becomes disabled but was not injured on the job must be vested in the pension plan before they can receive a disability pension. Also, to change the code to reflect that an employee who is evaluated by a physician and can still work for the county in some capacity be given the opportunity to continue to work. 2. The Board requested a change in the pension code for reimbursement for educational training expenses for Board members.
Request for one employee applying for disability pension was tabled.
The addition of a do-it-yourself Pension Estimator to the county web site was discussed and will be implemented soon.
The Pension Board discussed the possibility of an early retirement incentive being offered to employees. This would help the commissioners balance the 2010 budget. An early retirement window would also reduce the chance that the county would need to lay off personnel. The Pension Board recommended two options. The options will be considered by the Board of Commissioners at the December 15th meeting. Please attend meeting if interested. I will post any new info when available.
Please post the attachment for employees that don’t have email.
James Butler
Pension Board Member
Please note a correction to my statement regarding the BOC considering the early retirement options tomorrow, December, 15th. The correct statement is the BOC will consider the options at their two meetings in January.
Also information on the two options will be available after the BOC makes a decision.
James Butler
Pension Board Member
We asked that the Pension Board's two requests from the November pension meeting be implemented. 1. The Board made a request to have the pension code changed so that an employee that becomes disabled but was not injured on the job must be vested in the pension plan before they can receive a disability pension. Also, to change the code to reflect that an employee who is evaluated by a physician and can still work for the county in some capacity be given the opportunity to continue to work. 2. The Board requested a change in the pension code for reimbursement for educational training expenses for Board members.
Request for one employee applying for disability pension was tabled.
The addition of a do-it-yourself Pension Estimator to the county web site was discussed and will be implemented soon.
The Pension Board discussed the possibility of an early retirement incentive being offered to employees. This would help the commissioners balance the 2010 budget. An early retirement window would also reduce the chance that the county would need to lay off personnel. The Pension Board recommended two options. The options will be considered by the Board of Commissioners at the December 15th meeting. Please attend meeting if interested. I will post any new info when available.
Please post the attachment for employees that don’t have email.
James Butler
Pension Board Member
Please note a correction to my statement regarding the BOC considering the early retirement options tomorrow, December, 15th. The correct statement is the BOC will consider the options at their two meetings in January.
Also information on the two options will be available after the BOC makes a decision.
James Butler
Pension Board Member
Friday, November 27, 2009
Friday, November 20, 2009
Interesting November Pension Board Meeting
The pension board held it's November meeting. One item discussed was the possiblity of an early retirement window.
Click here for the minutes.
Click here for the minutes.
Friday, September 18, 2009
Pension News
We held our bi-monthly Pension Board meeting on 9-16-2009.
We did not have enough voting members for a quorum so a special meeting will be held ASAP.
A review of the 2009 investment results was done by Callan Associates. Callan stated that we had a good year.
Again I want to give everyone a heads up that our employee contributions (the amount deducted from our pay) and employer contributions (the amount contributed by DeKalb County) will need to increase in order to maintain our excellent pension plan. We will have a recommended increase amount at our November meeting. I will give a heads up on that figure as soon as I get it.
Please post for employees that don’t have email.
James Butler
Pension Board Member
We did not have enough voting members for a quorum so a special meeting will be held ASAP.
A review of the 2009 investment results was done by Callan Associates. Callan stated that we had a good year.
Again I want to give everyone a heads up that our employee contributions (the amount deducted from our pay) and employer contributions (the amount contributed by DeKalb County) will need to increase in order to maintain our excellent pension plan. We will have a recommended increase amount at our November meeting. I will give a heads up on that figure as soon as I get it.
Please post for employees that don’t have email.
James Butler
Pension Board Member
Tuesday, September 8, 2009
Thursday, July 30, 2009
Tuesday, March 31, 2009
February 2009 Pension Statement Now Available.
Check under "Pension/Retirement Information" in the ride side column or click here.
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