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01/15/2013 Resolutions 2012-367 (B) Resolution #2012-367 (B) was denied by the City Council at their January 15, 2013 meeting. RESOLUTION 2012-367(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 form 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 retirement benefits based on a joint life annuity nor has delegated that authority or function to the Police Pension Committee by ordinance; and WHEREAS, the Police Pension Committee calculated the police pension benefits of Sergeant Kerry Cole using a joint life annuity; and WHEREAS, on November 13, 2012 the Grand Island City Council approved a claim in the amount of Four Hundred, Fifty-Eight Thousand, Nine Hundred, Nineteen Dollars and Thirty-Five Cents ($458,919.35) as the City's portion of the lump sum pension payment to Sergeant Cole; and WHEREAS, the issues of Sergeant Cole's police pension benefits and police and fire pension benefits in general were 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 Sergeant Cole for monies received from the City for his police pension benefits, 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 Sergeant Cole for any reimbursement for monies received from the City for his police pension benefits. Approved as to Form January 15,2013 o ity orney Adopted by the City Council of the City of Grand Island, Nebraska, January 15, 2013 Jay Vavricek, Mayor Attest: RaNae Edwards, City Clerk - 2 -