City of Alexandria, Virginia
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MEMORANDUM
DATE: OCTOBER 3, 2023
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
FROM: JAMES F. PARAJON, CITY MANAGER /s/
DOCKET TITLE:
TITLE
Consideration of Appointment of a Police Officer Representative and Alternate to the City of Alexandria Firefighters and Police Officers Pension Board.
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ISSUE: Appointment of Police Officer Representative and Alternate to the City of Alexandria Firefighters and Police Officers Pension Board.
RECOMMENDATION: That City Council appoint the following individuals to the City of Alexandria Firefighters and Police Officers Pension Board:
* Shirl Mammarella as Police Officer Representative
* Ryan Klein as Police Officer Alternate
Assuming City Council appointment, the effective dates of these terms will be October 10, 2023, to enable participation in the scheduled Firefighters and Police Officers Pension Board meeting scheduled for October 12, 2023.
BACKGROUND: Firefighter and Police Officer Pension Board.
The Firefighter and Police Officer Pension 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 to the Firefighter and Police Officer Pension Board. 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 vest...
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