Public Meeting Notice Location:
Goodyear City Hall
190 N. Litchfield Rd.

Citizen User Guide | AZ Open Meeting Law
City Clerk's Homepage
File #: 16-5862    Version: 1 Name:
Type: Miscellaneous File Status: Agenda Ready
File created: 6/22/2016 In control: City Council Regular Meeting
On agenda: 7/11/2016 Final action:
Title: AMENDED AND RESTATED GOODYEAR VOLUNTEER AND RESERVE FIREFIGHTER RETIREMENT TRUST ALTERNATE PENSION AND BENEFIT PLAN
Attachments: 1. Staff Report, 2. Pension Plan (Strike-through), 3. Resolution, 4. Exhibit A - Pension Plan (Final), 5. Memo to Board

Title

AMENDED AND RESTATED GOODYEAR VOLUNTEER AND RESERVE FIREFIGHTER RETIREMENT TRUST ALTERNATE PENSION AND BENEFIT PLAN

body

RECOMMENDATION:

ADOPT RESOLUTION NO. 16-1771 APPROVING THE AMENDED AND RESTATED GOODYEAR VOLUNTEER AND RESERVE FIREFIGHTER ALTERNATE PENSION AND BENEFIT PLAN.

 

PURPOSE:

The Goodyear Volunteer and Reserve Firefighter Retirement Trust (GVRFRT) Pension and Benefit Plan (the “Pension Plan”) was created in 1990 and revised in 2001.  The 2016 revised plan updates the information to reflect that it only covers volunteer firefighter participants.  It implements a governance structure whereby the volunteer firefighter participants direct the operation of the Pension plan rather than the City of Goodyear officials and employees. (Doug Sandstrom, Finance Director)