MINUTES
ORO VALLEY TOWN COUNCIL
REGULAR SESSION
May 22, 2019
ORO VALLEY COUNCIL CHAMBERS
11000 N. LA CANADA DRIVE
 
JOINT STUDY SESSION AT OR AFTER 6:00 PM

CALL TO ORDER

Mayor Winfield called the meeting to order at 6:01 p.m.

ROLL CALL

PRESENT:
Joseph C. Winfield, Mayor
Melanie Barrett, Vice-Mayor
Joyce Jones-Ivey- Councilmember
Josh Nicolson, Councilmember
Rhonda PiƱa, Councilmember
Bill Rodman, Councilmember

ABSENT: Steve Solomon, Councilmember

JOINT STUDY SESSION AGENDA

1.

PRESENTATION AND DISCUSSION BY REPRESENTATIVES OF THE PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM (PSPRS) REGARDING THE STATUS AND OPERATION OF THE PSPRS OVERALL AS WELL AS ORO VALLEY’S PSPRS PLAN


PSPRS Actuarial

CORP Actuarial

Draft Pension Policy

Public Safety Personnel Retirement System Deputy Administrator Dave DeJonge and Employer Relations Manager Phil Coleman presented item #1 and included the following:

- PSPRS - What we do
- PSPRS - Board of Trustees
- Actuarial Concepts
- Basic Retirement Funding Equation
- Contributions (C)
- Investment Concepts
- Investment Strategy (1)
- Investment Income (I)
- Investment Performance (I)
- Benefits (B)
- Unfunded Actuarial Accrued Liability (UAAL)
- Experience Gain/Loss Factors
- Reasons for Change
- Section A - Intro Summary of ER Pension Rates
- Section A - Introduction
- Section B - Funding Results
- Funding
- Section D - Census Data
- Dispatchers
- Contact Us

Questions and comments from Council, members of the Budget and Finance Commission and Public Safety Personnel Retirement System Board were received during and after the presentation regarding the status and operation of the PSPRS overall as well as Oro Valley's PSPRS plan.

ADJOURNMENT

Mayor Winfield adjourned the meeting at 7:46 p.m.