Jay Katie News Today

Maturing over the years currently about 60 percent of liability is attributable to members who are currently receiving benefits an increase from 50 percent a part of the maturation of the funds and now over one active member for each retiree and that used to be closer to one. 7 that medians youve got a smaller active base to support of overall fund were showing some different breaks down of the contribution rates the first section is the basic contributions rate weve circulated this is before th...

80 million reduction in employer tricked for the budget part of this weve benefit signaling to the mayors Budget Office they expected it but there is roughly based on payroll it is well on page 6 and well, thats for the system as a whole not only the city but the employer reduction is 83 million with the kaurgsz. So for budget are purposes this is good news the fwe 22. 8 percent rate didnt provide relief for the actively employees the point of relief is 22. 5 but if we go forwarded the 19. 2 wil...

Merchandise are trying to stay awe from the soft issues. Any questions commissioners. Seeing none ill corp 15. The comment decision item only thank you very much item 16. Discussion item update on the economic interests and other filing requirements. Its that time again those are die by april 21st and yourselves must be filed electronically weve provide you all the information related to getting those filed trop by april 1st and do a followup reminder as also the City Attorney staff were availab...

Payroll it is well on page 6 and well, thats for the system as a whole not only the city but the employer reduction is 83 million with the kaurgsz. So for budget are purposes this is good news the fwe 22. 8 percent rate didnt provide relief for the actively employees the point of relief is 22. 5 but if we go forwarded the 19. 2 will provide the relief in the fiscal year for the actual employees but the trigger point for relief is 22 that is 5 so were very close to it but not achieving it this ye...

Baseline with that well take questions and have the live model in monikers to consider other scenarios. Id like to point out the news for the city is there is an 80 million reduction in employer tricked for the budget part of this weve benefit signaling to the mayors Budget Office they expected it but there is roughly based on payroll it is well on page 6 and well, thats for the system as a whole not only the city but the employer reduction is 83 million with the kaurgsz. So for budget are purpo...