Consideration of appointments to boards and commissions and the evaluation and duties of board and commission members (List of nominees is available in the City Secretary's Office)
City Manager’s Office/Employees' Retirement Fund An ordinance amending Chapter 40A, “Retirement,” of the Dallas City Code; (1) adding and revising various definitions; (2) adding that administrator also means the executive director of the fund; (3) providing for staggered terms for elected members of the retirement fund board; (4) providing that a sole nominee to an elected board position be declared elected without a membership vote; (5) extending the time in which an election must be held to fill a vacancy in an elected board position; (6) requiring the board to meet at least quarterly instead of monthly; (7) authorizing the board to adopt, upon the recommendation of the fund’s actuary, actuarial equivalency factors, actuarial assumptions, interest rates, and mortality tables to be used in Chapter 40A; (8) revising the interest assumption used for commuted value of future retirement benefits; (9) classifying fund members, inactive members, and retirees as Tier A (if hired before January 1, 2017 or rehired on or after January 1, 2017 with uncanceled or reinstated credited service) and Tier B (if hired, or rehired with canceled and unreinstated credited service, on or after January 1, 2017); (10) providing a reduced tier of benefits for Tier B and their beneficiaries and designees (including extending normal retirement age from 60 to 65 with five years of credited service, extending service retirement from 30 to 40 years, increasing the sum of age and amount of credited service from 78 to 80 in calculating retirement eligibility with reduced benefits for under-65 retirees, reducing pension benefits for joint and onehalf survivor options, decreasing the percentage multiplier used to calculate benefits from 2.75% to 2.5%, extending the period over which average monthly earnings are calculated, eliminating health benefit supplements, lowering the cap on cost-of-living adjustments, and modifying interest rates on buybacks of credited service after a break in service); (11) allowing certain prior service credit with other governmental entities to be used in determining eligibility of a Tier B member to vest or retire, but not in computing benefits; (12) providing for selection of a designee to receive a retiree’s earned but unpaid final month’s pension; increasing the minimum monthly service death or service disability benefit from $500 to $1,000; (13) providing a Tier B member with a nonservice disability who has at least five years of credited service is eligible for a disability pension if not eligible for a normal, early, or service retirement; (143) allowing a lump sum payment for establishing credited service after a reduction in force to be made in the following calendar year if within 90 days after termination of employment; clarifying that a cost-of-living adjustment cannot reduce pension benefits; (154) clarifying that a leased employee is not an employee under Chapter 40A; (165) deleting the requirement that the city of Dallas provide office space and utilities for the retirement fund; updating legal citations; deleting obsolete provisions; and (176) making certain semantic, grammatical, and structural changes - Financing: No cost consideration to the City
City Secretary’s Office An ordinance ordering a special election to be held in the city of Dallas on November 8, 2016 on the question of amending Chapter 40A of the Dallas City Code, known as the employees’ retirement fund of the city of Dallas - Financing: No cost consideration to the City
BRIEFINGS Update on Proposed Revisions to Chapter 27: Minimum Property Standards
Closed Session Personnel (Sec. 551.074 T.O.M.A.) - Discussion regarding the search for and hiring of a candidate for the position of city attorney. - Discussion regarding the search for and hiring of a candidate for the position of city manager.
Office of Financial Services Authorize (1) public hearings to be held on Wednesday, September 7, 2016 and Wednesday, September 14, 2016 to receive comments on a proposed tax rate; and (2) a proposal to consider adoption of a $0.7812/$100 valuation tax rate, or a lower rate as may be proposed by the City Council on September 21, 2016 - Financing: This action has no cost consideration to the City
Consideration of appointments to boards and commissions and the evaluation and duties of board and commission members (List of nominees is available in the City Secretary's Office)
City Manager’s Office/Employees' Retirement Fund An ordinance amending Chapter 40A, “Retirement,” of the Dallas City Code; (1) adding and revising various definitions; (2) adding that administrator also means the executive director of the fund; (3) providing for staggered terms for elected members of the retirement fund board; (4) providing that a sole nominee to an elected board position be declared elected without a membership vote; (5) extending the time in which an election must be held to fill a vacancy in an elected board position; (6) requiring the board to meet at least quarterly instead of monthly; (7) authorizing the board to adopt, upon the recommendation of the fund’s actuary, actuarial equivalency factors, actuarial assumptions, interest rates, and mortality tables to be used in Chapter 40A; (8) revising the interest assumption used for commuted value of future retirement benefits; (9) classifying fund members, inactive members, and retirees as Tier A (if hired before January 1, 2017 or rehired on or after January 1, 2017 with uncanceled or reinstated credited service) and Tier B (if hired, or rehired with canceled and unreinstated credited service, on or after January 1, 2017); (10) providing a reduced tier of benefits for Tier B and their beneficiaries and designees (including extending normal retirement age from 60 to 65 with five years of credited service, extending service retirement from 30 to 40 years, increasing the sum of age and amount of credited service from 78 to 80 in calculating retirement eligibility with reduced benefits for under-65 retirees, reducing pension benefits for joint and onehalf survivor options, decreasing the percentage multiplier used to calculate benefits from 2.75% to 2.5%, extending the period over which average monthly earnings are calculated, eliminating health benefit supplements, lowering the cap on cost-of-living adjustments, and modifying interest rates on buybacks of credited service after a break in service); (11) allowing certain prior service credit with other governmental entities to be used in determining eligibility of a Tier B member to vest or retire, but not in computing benefits; (12) providing for selection of a designee to receive a retiree’s earned but unpaid final month’s pension; increasing the minimum monthly service death or service disability benefit from $500 to $1,000; (13) providing a Tier B member with a nonservice disability who has at least five years of credited service is eligible for a disability pension if not eligible for a normal, early, or service retirement; (143) allowing a lump sum payment for establishing credited service after a reduction in force to be made in the following calendar year if within 90 days after termination of employment; clarifying that a cost-of-living adjustment cannot reduce pension benefits; (154) clarifying that a leased employee is not an employee under Chapter 40A; (165) deleting the requirement that the city of Dallas provide office space and utilities for the retirement fund; updating legal citations; deleting obsolete provisions; and (176) making certain semantic, grammatical, and structural changes - Financing: No cost consideration to the City
City Secretary’s Office An ordinance ordering a special election to be held in the city of Dallas on November 8, 2016 on the question of amending Chapter 40A of the Dallas City Code, known as the employees’ retirement fund of the city of Dallas - Financing: No cost consideration to the City
BRIEFINGS Update on Proposed Revisions to Chapter 27: Minimum Property Standards
Closed Session Personnel (Sec. 551.074 T.O.M.A.) - Discussion regarding the search for and hiring of a candidate for the position of city attorney. - Discussion regarding the search for and hiring of a candidate for the position of city manager.
Office of Financial Services Authorize (1) public hearings to be held on Wednesday, September 7, 2016 and Wednesday, September 14, 2016 to receive comments on a proposed tax rate; and (2) a proposal to consider adoption of a $0.7812/$100 valuation tax rate, or a lower rate as may be proposed by the City Council on September 21, 2016 - Financing: This action has no cost consideration to the City