08-15-12 Personnel & Finance - Laserfiche WebLink

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f f Personnel and Finance Committee 2005 South Bend Common Council • The August 15,2005 meeting of the Personnel and Finance Committee was called to order by its Chairperson, Council Member Roland Kelly at 3:30 p.m. in the Council Informal Meeting Room. Persons in attendance included Council Members Dieter, Pfeifer, Puzzello, Kelly, Varner, Kuspa, Kirsits, White, and Rouse; Fire Chief Luther Taylor, Assistant Fire Chief Richard Switalski, Police Chief Thomas Fautz, Division Chief Rick Kilgore, Director of Fiscal Management for the SB Police Department Donald Pinckert, Jack Dillon, Catherine Bruecker, Director of Public Works Gary Gilot, Tom Skarbek, Lyn Coleman, Mikki Dobski-Shidler, City Attorney Charles S. Leone, Mary Aim Myers, City Controller M. Catherine Fanello, Executive Director of the Department of Community and Economic Development Sharon Kendall, Morris Performing Arts Center Executive Director Dennis J. Andres, Linda Doshi, Margaret King, Marika Hegedus, Sara Ermeti, Judith Goodkin, Kathleen Cekanski-Farrand, Council Attorney, and Jeff Parrot of the South Bend Tribune. Council Member Kelly noted that the Committee Members present included Council Members Varner,Kuspa, and himself as Chairperson. Council Member Kelly noted that Mayor Luecke is running late in returning from a meeting in Indianapolis, and therefore would move ahead with presentations on the pension funds. FIRE PENSION FUND (FUN]#701) $5,661,160 Revenue $5,583,749 Expenditures Assistant Chief of Services of the South Bend Fire Department, Richard Switalski made the presentation. He provided a 16-page handout to the Committee entitled "South Bend Firefighters Pension Fund Proposed Budget 2006"(copy attached). Chief Switalski stated that this is a tentative budget in light of the ongoing fire negotiations. The Firefighter 1st Class was "plugged in" at 2% as a starting figure, and noted that the entire budget is summarized on the first page entitled "Summary of Major Changes from 2006". With the revenue from the General Fund there is an increase of 30.1%. Expenditures are up$657,597. Chief Switalski stated that 100 retired firefighters are under the 1937 pension program; and 36 retired firefighters are under the 1977 pension program. Schedule 2 sets forth those eligible or expected to retire 01/01/06 thru 12/31/06, noting that thirty-eight (38) firefighters are eligible to leave next year. Schedule 3 sets for the eighty-three (83)widows. The last page summarizes the firefighters who have elected to be under the DROP Program which indicates that there are two (2) firefighters in 2005; nine (9) firefighters in 2006 and twenty-seven (27) in 2007. DROP is currently set to expire on 12-31-07. The City pays up-front the costs related to DROP and then is reimbursed 50%of that amount the following year in two(2) equal payments. In response to a question from Council Member White, Chief Switalski noted that if there is any overage in the account that it remains in the pension fund account.. He further noted that the current reimbursement by the state of 50%is also to expire on 12-31-07. August 15,2005 Personnel and Finance Committee Meeing Minutes -page 1-