1974-04-01 Regular Meeting - Laserfiche WebLink

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3 • • • Regular Meeting 4/1/74 - continued the time was to provide a retirement plan for Pfeiffer employees who had several years of service with questions the City whereby upon retirement they would amount of receive a substantial income. Mr. Pfeiffer retirement stated he was under the impression a plan had employees are been devised whereby the City would pay in a receiving larger amount of money on the then eligible employees, that would give those employees who had been employeed for a number of years, a resonable pension when they retired from the City and that he was appalled recently when he learned that some retired employees were receiving as little as $65.00 per month. He stated that when the sales tax referendum was passed, that was the where-with-all that the City was able to pay the premium for the retirement and since he did not exactly know ia~at the status was, he was simply asking some questions. He asked if the Commission would delve into and see if the employees were getting the maximum amount. Mayor Thomas stated the pension plan was adopted • in September of 1969 and he thought that at that time the maximum amount was taken and he frankly had not looked into the matter recently, but thought the City was paying the maximum amount now. He thanked Mr. Pfeiffer for bringing this to the Commission's attention and stated the Commission was concerned about the employees and if there was any way to improve the pension plan, he was all for it. + + + Mayor Thomas says pension system will be reviewed 5. duPont Miller, 424 S. Utah, addressed the Commission duPont to express his appreciation and thanks to the Miller Commission, Chief Freeman and the Emergency Ambulance Service for the excellant service and care he has received in the past two years, when it was necessary for him to make emergency trips to St. Joseph Hospital. + + + LJ