HomeMy WebLinkAbout03-06-2012 ac boud reauc 6•
Subject :FW: Pension Refor m
From :Marx, Jan fmailto :jmarx(aslocity .orgl
Sent :Tuesday, March 06, 2012 6 :17 P M
To :'Michael Boudreau '
Cc :Lichtig,Katie;Cano, Elain a
Subject:RE : Pension Reform
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Thanks for your input . I am including staff in this reply so your comments are part of the public record .
Best, Jan Marx
Original Message
From:Michael Boudreau [mikeb a mtbarchitecture .com ]
Sent :Tuesday, March 06, 2012 03 :52 PM Pacific Standard Tim e
To :Marx, Ja n
Subject:Pension Reform
Dear Ms . Mayor and Members of the San Luis Obispo City Council ,
As always, thank you for all of your hard work and dedication to our wonderful community .
As an active participant in the effort to reign in pension costs and empower the council, I participated i n
promoting Measures A and B . I believe pension costs are in direct competition with capital improvements
and city maintenance .I was made aware by others in the A/B effort that tonight is the time "pension reform "
proposal are up for public hearing and discussion .
I have three questions .
Question On e
I did read the article about a two tier proposal, a new formula of 3 at 55, instead of 3 at 50 for the firemen? O n
the surface, that sounds like a move in the right direction, but I remember Monica Irons giving a report t o
council, maybe last year, stating that the average police officer and/or fireman retires at 57?I may be off, bu t
even if it was 55, would this change really reduce our future pension costs by a meaningful amount ?
QuestionTw o
If I am not mistaken, did not the fire department have a pension formula of 2 at 50 prior to 2002, and th e
police were 2 at 50 prior to 2003 are notthese the numbers we should be working toward?Is think it is ver y
possible that the increases to 3% from 2% (effectively a 50% "retroactive "increase), is proving to b e
unsustainable .
Question Three
I served on the architectural revie commission for several years . During t time I was required to fill out a
"financial conflict of interest" form of sorts . I was not allowed to participate in hearing or discussion of an y
item that may impact me financially . That said, how is it that our city manager can negotiate pension refor m
on behalf of the city, without conflict of interest,when our prior city manager enjoys a pension payment o f
over $150,000 a year ($12,500/month)and our current city manager stands to see possibly even more? Or i s
someone else negotiating with the unions ?
I will do my best to be there tonight .
Michael Boudrea u
1009 Morro Street, Suite 20 5
San Luis Obispo, CA 93401