Special Board of Aldermen 09-16-2021 Page 4
Raymond Newman
Please support this resolution
President Wilshire
I’m going to call for one more in favor and then I’m going to switch to opposition.
Sherry Dutzy
Special Board of Aldermen 09-16-2021 Page 3
Alderman O’Brien
Thirty seconds.
Sonia Prince
Special Board of Aldermen 09-16-2021 Page 2
Alderman Caron
Thank you Madam President. Because we have a large number of participants that I’m sure want to speak
in favor or in opposition of this legislation, I’d like to limit the speaking portion to 3 minutes per person and
then when we get to the end if we have time, we can have people come back if they have added
information they'd like to present. I’m making a motion.
MOTION B ALDERMAN CARON TO LIMIT THE SPEAKING PORTION TO THREE (3) MINUTES PER
PERSON BY ROLL CALL
A special meeting of the Board of Aldermen was held Thursday, September 16, 2021, at 7:20 p.m. in the
aldermanic chamber as well as via Zoom teleconference.
President Lori Wilshire presided; Deputy City Clerk Allison Waite recorded.
Prayer was offered by City Clerk Susan Lovering; Alderman Patricia Klee led in the Pledge to the Flag.
To join by Zoom — please refer to the agenda or the website for the meeting link and telephone number.
9/20/2021
Future -
Paying down the UAAL
Future -
Projected Contribution Rates
Total NHRS Contribution Rate as a Percent of Payroll
MUAAL Core foten
faz O25 ro ft
Fncal Year [nding june 30
Future -
Paying d
own the UAAL
L
Funding Progress, 2020-41
000
120.0%
100.0%
80.0%
60.0%
40.0%
20.0%
0.0%
GAS
9/20/2021
12
9/20/2021
Present -
What’s Important
» NIRS’ six common elements of a successful
plan:
° Employer contributions that pay the full amount of
the annual required contribution, and that maintain
stability in the contribution rate over time;
e Employee contributions to help share pian cost;
° Benefit improvements actuarially valued before
adoption and properly funded upon adoption;
Cost of living adjustments granted responsibly;
“Anti-spiking” measures in place;
9/20/2021.
Present -
Most Recent Facts & Figures
| ~—-:20-Year Investment Performance
Present -
Most Recent Facts & Figures
Assets in Billions: June 30, 2011 to present
y
__f,
$111132
$9.208 $9.134
$8.293 $8.874
$7.414 $7.530 $7.460
sh $5.774 poses
6/3G/11 630/12 6/30/13 GIFQI14 GlFOIIS $= G30/16 6/30/17 GIO/FB Gi30/19 Gi30/20 6/30/21"
"unaudited
Present -
Most Recent Facts & Figures
100 * Funded ratio relative to peers - FY 2010-19
80 —g 2h 76.0 95-5 44g FP PPP Pt 2
; rare
60 —p S85 574-561 567 580.7 592 60.0 O13 663.6 cos
A A A
