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12/18/2012 Resolutions 2012-368 (B) Resolution #2012-3.68 (B) was postponed to. the January 15, 2013 Study Session by the City Council at their December 18, 2012 meeting. RESOLUTION 2012-368 (B) WHEREAS, Article 10 of Chapter 16 of the Nebraska Revised Statutes sets forth the laws governing the pensions of Police Officers of First Class Cities; and WHEREAS, Section 16-1007(1) of the Nebraska Revised Statutes requires the City of Grand Island to provide pension benefits to retired police officers "in the form of a straight life annuity or any optional foiin of annuity benefit established by the retirement committee"; and WHEREAS, beginning in 2005 the Police Pension Committee stopped calculating police pension benefits based on a straight life annuity and began calculating said benefits based on a joint life annuity; and WHEREAS, Section 16-1014 of the Nebraska Revised Statutes states in reference to police pension benefits, "[t]he governing body of the city shall continue to be responsible for the general administration of such retirement system unless specific functions or all functions with regard to the administration of the retirement system are delegated,by ordinance, to the retirement committee."; and WHEREAS, the Grand Island City Council as the governing body of the City of Grand Island has never approved the calculation of police or fire retirement benefits based on a joint life annuity nor has delegated that authority or function to the Police Pension Committee by ordinance; and WHEREAS, Nebraska law generally limits the filing of a suit to four years from the event that gave rise to the cause of action; WHEREAS, within the last four years the City has paid police pension benefits to Rick Ressel, Dennis Osterman, Roger Philbeck, and Kerry Cole based on a joint life annuity; and WHEREAS, the issue of police pension benefits was the subject of a Study Session meeting of the Council on December 11, 2012; and WHEREAS, the Council has determined it is not in the City's best interest to pursue any reimbursement from Messrs. Ressel, Osterman, Philbeck, and Cole, for monies received from the City for the pension benefits provided to said retirees, NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that City staff is directed not to make demand upon Messrs. Ressel, Osterman, Philbeck, Cole, for any reimbursement for monies received from the City for pension benefits provided to said retirees. Approved as to Form a dilkaL. December 18,2012 a City"v.rney Adopted by the City Council of the City of Grand Island, Nebraska, December 18, 2012. Jay Vavricek, Mayor Attest: RaNae Edwards, City Clerk - 2 -