Details for FRANKLIN BOARD OF MAYOR AND ALDERMEN

FRANKLIN BOARD OF MAYOR AND ALDERMEN

 

EMPLOYEE PENSION & TRUST INVESTMENT COMMITTEE

Monday, AUGUST 24TH, 2020; 1:00 p.m. Central Time

ELECTRONIC MEETING

 

The Employee Pension Committee Meeting will meet virtually due to current limitations on public gatherings. Accommodations have been made to ensure that the public is able to participate in the meeting. The public may call in to the conference meeting 1‐312‐626‐6799, Meeting ID: 952 9771 0444, Password: 752019. Callers will be unmuted and given an opportunity to comment during the meeting at specific times. The public may email comments and questions prior to 12:00 p.m. on the day of the meeting to recorder@franklintn.gov to be read aloud.

 

AGENDA

Committee Members:

Alderman Clyde Barnhill, ChairmanMayor Ken Moore

Citizen David McDanielEmployee Kris Bull

Employee Jeff RoweCitizen Keith McGee

Human Resources Director, Kevin Townsel

 

1. Call to Order 

2. Consideration of Resolution 2020-152; A RESOLUTION DECLARING THAT THE BOARD OF MAYOR AND ALDERMEN EMPLOYEE PENSION AND TRUST INVESTMENT COMMITTEE SHALL MEET ON AUGUST 24, 2020, AND CONDUCT ITS ESSENTIAL BUSINESS BY ELECTRONIC MEANS RATHER THAN BEING REQUIRED TO GATHER A QUORUM OF THE MEMBERS PHYSICALLY PRESENT IN THE SAME LOCATION BECAUSE IT IS NECESSARY TO PROTECT THE HEALTH, SAFETY, AND WELFARE OF TENNESSEANS IN LIGHT OF THE COVID-19 OUTBREAK.  

 

3. Approval of Minutes of March 9th, 2020

 

4. Introduction of New Members 

Eric Stuckey, City Administrator

 

5. Consideration of Second Amendment to the City of Franklin Amended and Restated Employees’ Pension Plan Dated Effective as of January 1, 2018 as Related to Cost of Living Increase Effective July 1, 2020

Kristine Brock, Asst. City Admin/CFO

Frank Carney, Evans Petree

 

6. Investment Report

Barry Bryant, Dahab Associates 

 

7. Actuarial Report for Closed Plan

Kristine Brock, Asst. City Admin/CFO

Kevin Sullivan, Findley, Inc.

Sylvain Limprevil, Findley, Inc.

 

8. Actuarial Report for Open Plan

Kristine Brock, Asst. City Admin/CFO

 

9. Other Business

 

10. Adjourn

 

Respectfully Submitted, 

Eric S. Stuckey

City Administrator

 

Meetings of the Board of Mayor and Aldermen Are Open and Public Sessions In Accordance With Law.  All Interested Persons Are Urged To Attend.  To Request Accommodations Due To Disabilities, Please Contact The Human Resources Risk Manager At (615) 791-3277.  

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