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12-03-1985 Workshop Meeting . . CITY OF CLERMONT MINUTES WORKSHOP MEETING December 3, 1985 A Workshop Meeting of the City Council of the City of Clermont was held on Tuesday, December 3, 1985 in the City Hall Conference Room. The meeting was called to order by Mayor Pool at 7:00 p.m. Present were Council Members Huff, Turville and Cole, Council Member Elect Dupee, City Manager Saunders, Finance Director Van Zile and Terry Wood of ECS. City Manager Saunders stated that the purpose of this Workshop was to discuss the proposed changes to the City Pension Plan for General Employees and Police Officers. Mr. Wood of ECS which administers the Florida League of Cities Pension Program stated that he was present to discuss the proposal and answer questions. It was explained that the proposed new pension plan for General Employees would be a defined contribution plan at an annual contribution rate of 7% of payroll to be paid by the City. All current employees would be given a choice of the new or old plans, after their individual review of projected benefits under both plans. All newly hired employees would be required to enter the new plan. City Manager Saunders explained that there were approximately sixteen employees who would receive a better benefit under the old plan, and suggested that the old plan be amended to provide some additional benefits to these older employees. After discussion of options, it was a consensus of Council that a straight 2% be used in the computation instead of the two-tiered formula now used. Mr. Saunders pointed out that due to State Law, the Police Officers would be required to remain under the old policy, but with the straight 2% adjustment in order for the City to continue to receive the State contribution. The City receives approximately $15,000 per year from the State for the Police Pension Fund, but the plan cannot be a defined contribution plan as proposed for General Employees. Mr. Wood stated that his staff would meet individually with all the General Employees to explain their options. City Manager Saunders explained that the proposal is to convert the entire administration and investments of all the City Pension Plans to the League of Cities Plan. . Tom Dougherty was present representing Mr. William Favuzza who owns property located on the southeast side of Crystal Lake. He stated that Mr. Favuzza would like the City to consider purchasing the property for a park. Much discussion ensued concerning parks and recreational needs and priorities. Mr. Saunders gave an update on the status of the railroad property and stated that he anticipated an answer from the Trust for Public Lands by the end of the month. There being no further discussion or business, the meeting adjourned at 9:30 p.m. ~.o~ obert A. po~l, Mayor Attest: City-Clerk .---