City of Alexandria, Virginia
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MEMORANDUM
DATE: JANUARY 2, 2013
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
FROM: RASHAD M. YOUNG, CITY MANAGER /s/
DOCKET TITLE:
TITLE
Consideration of Appointment of a Firefighter Representative and Alternate to the City of Alexandria Firefighters and Police Officers Pension Plan Retirement Board.
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ISSUE: Appointment of a Firefighter Representative and Alternate to the Retirement Board ("Board") of the City of Alexandria Firefighters and Police Officers Pension Plan ("Plan").
RECOMMENDATION: That City Council appoint the following individuals to the City of Alexandria Firefighters and Police Officers Pension Board:
1. Patrick Evans as Firefighter Representative; and
2. Rick Muse as Firefighter Alternate.
DISCUSSION: The Board consists of eight members and three alternates who serve as the trustees of the trust and fiduciaries of the Plan and its assets. The Board acts for the City on matters concerning the assets of the Plan, including selecting and monitoring investment funds and appointing investment managers, custodians, and advisors. The Board is also charged with consulting with City management to recommend modifications to the Plan. The Plan requires Board meetings to be held each quarter of the calendar year, but meetings are generally held more often.
City Council has the authority to appoint Board members. The Board members are either nominated by the City Manager or elected by the Voting Participants, which include both active sworn Firefighters and Police Officers as well as retired and deferred vested Plan Participants who were sworn Firefighters or Police Officers. The City Manager nominates four representatives and one alternate to represent City management. Firefighters nominate and elect through secret ballot two Participant Representatives and one Alternate. Police Officers also nominate and elect through secret ballot two Participant Representatives and one Alternate. In the event that City Council does not appoint a representative nominated by the City Manager or the Voting Participants, the nomination and election process must be repeated until all Board member positions are filled.
In accordance with the Plan, Plan participants held elections for the Firefighter Representative position vacated by Michael Wimer, who resigned from the Board earlier this year following the previous Board elections. Fire Department employees nominated and elected Patrick Evans, currently the Firefighter Alternate, as their Participant Representative and nominated and elected Rick Muse to replace Mr. Evans as the department's Alternate. The two nominees ran unopposed.
Staff recommends that City Council appoint the following persons to the Board:
1. Patrick Evans: The Firefighters have nominated and elected Patrick Evans to replace Michael Wimer as their Participant Representative. Mr. Evans's term will begin January 9, 2013, and expire on December 31, 2014.
2. Rick Muse: The Firefighters have nominated and elected Rick Muse to serve as their Alternate. Mr. Muse's term will begin January 9, 2013, and expire on December 31, 2014.
With the appointment of these two nominees, the Participant Representatives will be as follows:
Participant Representatives and Alternates nominated and elected by Firefighters:
Name Term
Michael Cross 1/1/2013 - 12/31/2016
Patrick Evans 1/9/2013 - 12/31/2014
Rick Muse (Alternate) 1/9/2013 - 12/31/2014
Participant Representatives and Alternates nominated and elected by Police Officers:
Name Term
Edward Milner 1/1/2011 - 12/31/2014
Albert Tierney 1/1/2013 - 12/31/2016
Shirl Mammarella (Alternate) 1/1/2011 - 12/31/2014
FISCAL IMPACT: None.
ATTACHMENTS:
None.
STAFF:
Tom Gates, Chief of Staff
Laura Triggs, Chief Financial Officer
Steven Bland, Retirement Administrator