HomeMy WebLinkAbout2011-06-07 NEERB MINUTES•
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NONEMERGENCY EMPLOYEES RETIREMENT PLAN BOARD MEETING
June 7, 2011
A telephone poll was complete by the Recording Secretary of the NonEmergency
Employees Retirement Plan Board.
The January 1, 2011 Actuarial Report has been completed by Gabriel , Roeder, Smith and
Company . The report included the assumption changes decreasing the salary inflation
factor from four percent to three percent and changing the mortality table from GAM 83
to GAM 94 . The annual required contribution will go from 13% to 13.9% beginning
January 2012.
Members: Gary Bowman, Chairperson, Council Appointee
Mahendra Patel , Employee Representative
John Moore , Council Appointee
Frank Gryglewicz, Director of Finance and Administrative Services
Brad Hagan, Employee Representative
Jim Woodward , Council Member
The Board is asked to approve the report .
Ayes :
Nays :
The motion carried.
Bowman, Gryglewicz, Hagan, Moore, Patel , Woodward
None
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Carol Wescoat
Recording Secretary