Pension Board & System_February to September 1972PENSION BOARD & SYSTEM
Contract with Investment Counseling firm
Thorndike, Doran, Paine & Lewis extended
30 days per RES. 13532
Recommendation of Bd.of Trustees for
Renewal of contract Thorndike, Doran, Paine
and Lewis, Inc. at annual fee of 015,000
presented.
RES. 13572 adopted, authorizing execution
of agreement with Thorndike, Doran, Paine
and Lewis commincing 3/17/72 for 1 yr.
In connection with request of Board that
City Clerk -Finance Director undertake an
PENSION BOARD & SYSTEM
844
Meeting Date
2/16/72
3/15/72
3/15/72
Meeting
85
Date
immediate feasibility study of creating a
position in the City administration to handle
administration of the Pension System and
act as investment counselor to the Board c
and to the City, The City Manager was
requested by the Council to carry out this
recruitment under his direction.
RES. 13723, declaring Aldin Hanna to rep-
resent Group 3 employees on Gen'l. Employees
Retirement System Bd. for 3 yr. term beginning
9/1/72
Amendment to Ord. 1901 General Employees
Retirement System , Ord. 1929 adopted.
to permit "buy back" creditable service
all
3/15/72
PENSION BOARD & SYSTEM
9/6/72
86
Meeting Date
for period of time they were denied member-
ship in City's Pension System; to be bought
prior to Jan. 1, 1976. 9/20/72
Ord. 1930, amending 1901, adopted, to provide
that in event a department head fails to recommend
an employee for deferment of mandatory retirement,
such employee may appeal to City Mgr. 9/20/72
City Mgr. to look into retention of firm
to make actuarial study of systems to analyze
what kind of legitimate expenditure
City should make annually to fund future pension
benefits.
9/25/72