Board of Aldermen 05-11-2021 Page 37
funds is not going to yield the cash flow that they are going to need in their retirement. And | just think it is a big
risk; it is a risk that we have to take on with our public servants, but in this case we don’t have to take this risk
on. | Know we need a single emergency you know emergency worker at a site, but | just think this is a lot of
risk to take on to have this much overtime that we don’t really bargain for originally, we don’t budget for. We
don’t know whether we are going to be able to grow these pensions. If pensions were that easy, then we
wouldn’t have a pension problem right now. And that is the biggest problem affecting our tax rate that there is,
is the pension problem.
And it just seems to be obvious that we’ve got a huge roomful of people who are trained to address
emergencies. | mean they are giving shots, but we have doctors there, anyways, | wanted to make it clear that
just because you are paying a certain point into the pension, it doesn’t mean that there’s no risk to it. You’ve
put, this is going to grow to exactly what you need. That’s all. Thank you.
President Wilshire
Anyone else? Seeing none, Committee Announcements.
Committee announcements:
Alderman Dowd
Yes, the first Budget Review Committee for the FY ’22 Budget is going to be next Thursday, May 20" at 7:00
p.m. on Zoom. We will be covering General Government, Emergency Preparedness and Administrative
Services. | would like all the members of the Budget Committee to let me know if there are any conflicts with
this schedule so that | can see if we have any problem nights; | hope we don’t. But let me know one way or the
other if there are any issues with any particular nights so that we can make sure that we have a quorum.
Thank you.
President Wilshire
Any other Committee announcements? No? Seeing none, Alderman O’Brien?
Alderman O’Brien
Thank you, Madam President. | am just contemplating Aldermen now there goes a lot of evenings with the
Budget Committee. But looking forward to it. Madam President, | would like to be recognized for a motion.
ADJOURNMENT
MOTION BY ALDERMAN O’BRIEN THAT THE MAY 11, 2021, MEETING OF THE BOARD OF ALDERMEN
BE ADJOURNED, BY ROLL CALL
A viva voce roll call was taken to adjourn the Board of Aldermen meeting which resulted as follows:
Yea: Alderman O’Brien, Alderwoman Kelly, Alderman Dowd,
Alderman Caron, Alderman Tencza, Alderwoman Lu, Alderman Jette,
Alderman Schmidt, Alderman Laws, Alderman Cleaver,
Alderwoman Harriott-Gathright, Alderman Wilshire 12
Nay: Alderman Lopez 1
MOTION CARRIED
The meeting was declared adjourned at 9:27 p.m.
Attest: Susan K. Lovering, City Clerk
