Police & Fire Pension Subcommittee Meeting

Summary

Meeting Overview

The Pension Committee held a meeting presided over by Greg. The committee addressed one agenda item — a discussion on pension fund changes — which was informational in nature. Over the course of the meeting, one vote was taken, and no public comments were heard.

Attendance

The following members were present at the October 27, 2025 meeting:

• Greg
• Tommy
• Aaron
• Susan
• Rock
• Trey

No members were recorded as absent or late.

Votes and Decisions

The following motion was considered and decided during the meeting:

• Motion to Adjourn 1:32:54: A motion to adjourn the meeting was brought forward and passed by voice vote. No roll call was conducted, so individual member votes are not recorded. The motion carried without recorded ayes or nays.

Contested Items

Two topics generated significant debate during the meeting.

Unfunded Liability and Actuarial Trust

A heated discussion arose around the reliability of actuarial calculations and how potential changes might affect the pension fund's unfunded liability. Participants expressed differing views on whether the actuarial figures could be trusted as a basis for decision-making. No additional details are available regarding which specific parties took opposing positions or what outcome, if any, was reached.

Officer R Program

The committee also debated the financial impact of the Officer R program on the pension fund. Views diverged on whether the program was ultimately beneficial or detrimental to the fund's financial health. As with the actuarial discussion, the available record does not specify which individuals or factions held which positions, nor does it indicate a definitive resolution.

Discussion on Pension Fund Changes

0:00

The committee held an informational discussion on potential changes to the pension fund, covering several proposed modifications and the concerns they raised among members.

Key topics under consideration included:

• 20-year retirement option: The possibility of allowing retirement after 20 years of service was raised as a potential structural change to the fund.
• Multiplier increase: Committee members discussed the prospect of increasing the pension multiplier, which would affect benefit calculations for retirees.
• Cost-of-Living Adjustments (COLAs): Implementing COLAs was also on the table as a way to help retirees keep pace with inflation over time.

Speakers including Greg, Tommy, Aaron, Susan, Rock, and Trey participated in the discussion. While the specific positions of individual speakers were not detailed in the summary record, the conversation reflected a range of perspectives on the feasibility and implications of these changes.

A significant portion of the discussion centered on concerns about the unfunded liability that could result from expanding pension benefits. Members also raised questions about trust in actuarial calculations, suggesting some skepticism or desire for greater transparency regarding the projections used to evaluate the fund's financial health and the long-term cost of any proposed changes.

No formal action was taken. The discussion was informational in nature, serving as a preliminary review of options rather than a decision-making session.