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HomeMy WebLinkAboutMinutes 10/22/2002 4782 CITY COUNCIL SPECIAL MEETING Port Angeles, Washington October 22, 2002 CALL TO ORDER - Mayor Wiggins called the special meeting of the Port Angeles City Council to order at REGULAR MEETING: 7:00 p.m. ROLL CALL: Members Present: Mayor Wiggins, Councilmembers Braun, Campbell, Headrick, Rogers, and Williams. Members Absent: Councilmember Erickson. Staff Present: Manager Quinn, Clerk Upton, B. Collins, D. McKeen, T. Riepe, Y. Ziornkowski, M. Sanders, J. Mason, B. Wheeler, P. Rose, M. Twitchell, J. Abram, T. Reid, B. Knight, J. Patterson, S. Coyle, and T. German. Public Present: T. Price and P. Lamoureux. PLEDGE OF The Pledge of Allegiance to the Flag was led by Clerk Upton. Mayor Wiggins noted the ALLEGIANCE: symbolic rose that had been placed on a seat in memory of Leland Lee, who recently passed away. The Mayor asked for a moment of silence, after which he announced the memorial service to be held November 2nd, 2:00 p.m. at the Crab House. A presentation will be made to Mr. Lee's widow at the November 19th City Council meeting. Initiative 790 Initiative 790: Mayor Wiggins asked for public input concerning Initiative 790, regarding the placement of management of the Law Enforcement Officers' and Fire Fighters' Retirement System, Plan 2, in a board of trustees consisting of six plan participants, three employer representatives, and two legislators. JoAnn Beck, a 23-year Port Angeles resident who taught school for 32 years and since retired, was present on behalf of the Washington State and Clallam County School Retirees Associations. Ms. Beck endorsed 1-790, reviewing how the board would be constituted and indicating the firefighters, police officers, teachers, and PERS members currently have no voice, vote, or authority over their pension system. Ms. Beck explained that the Initiative places a cap on state and local funding at 50%, with 50% from the police and firefighters. She related that pension benefit increases are allowed within the current contribution only if certified by the LEOFF II actuary and subject to approval by both houses of the Legislature. Ms. Beck stressed there is zero cost to the proposal if implemented, as it is carefully designed to be fiscally responsible and to protect the plan from mismanagement. She noted how the retirees in the State have tried for years to improve benefits, but to no avail. She added that the firefighters were able to block the State from raiding their pension fund of over $1 billion, and she cited teachers' experiences in taking the State to court to remedy the situation of pension fund raids. Stressing it is an untruth that the proposed Initiative would cost the State and the City money and feeling that the pension funds should be used to the benefit of the members, Ms. Beck urged the Council to support the passage ofi-790. Brief discussion followed, with Councilmember Rogers expressing frustration in not understanding why the teachers' union has been unsuccessful in gaining representation. -1- 4783 CITY COUNCIL SPECIAL MEETING October 22, 2002 Initiative 790 (Cont'd) Mike Sanders, City employee and President of the Firefighters Local, endorsed the passage of 1-790. He agreed with commentaries offered by the Previous speaker and elaborated further, feeling the proposal is very simple in that it would basically create a new representative board that is proportional in relation to the funds paid into the pension system. Private pension programs in other states have representation in pension systems; Washington is one of four states that has no such representation. He felt the board is not given any unusual powers, as there are checks and balances in the form of legislative review and approval for any increases in pension benefits. Also, the Governor has the ability to veto any improvements or cost increases. Mr. Sanders reviewed limitations placed on the board's action, specifically a 10% limitation for employees, 6% for the City, and 4% for the State. If the board wishes to go beyond that level, it is subject to more extraordinary measures to further increase rates. It was his understanding there are no cost limitations on the present system, so the Initiative would be an improvement. A greater degree of security would be in place by virtue of up to three actuarial analyses of the pension system. One of the major concerns of the firefighters is that the LEOFF system has not been exempt from State raids, and representation on the board would assure this not happeningin the future. Lastly, Mr. Sanders understood the City' s concern with cost impacts; however, he urged the Council to remain neutral and impartial on the Initiative, as the voters should decide its fate. Mayor Wiggins read a portion of the Bill wherein the board can increase benefits which are to be presented to the Legislature on January 1st of each year. The increased benefits are to be effective within 90 days unless a bill is enacted in the next session of the Legislature, and questioning the reality of any bill being passed within a 90-day time frame, Mayor Wiggins expressed concern with this language and the fact the increased pension benefits would, therefore, be automatic. Mr. Sanders' understanding was that any such increase must have basis through an actuarial study; he was uncertain how the Legislature would address the 90-day requirement. Councilman Headrick appreciated Mr. Sanders' point of view regarding the retirement plan; however, he expressed concern with the majority representation on the board between the police and firefighters. Secondly, Councilman Headrick noted the increased costs that could be expected by the City. Referencing the legislation, he noted the language suggests there willbe a rate increase. Additionally, he cited the cap that would be placed on contributions at 20% of the salary - 10% to be paid by the employee and the other 6% and 4% by the City and State respectively. Language in the bill specifies that the State and contributing employer shall maintain the minimum benefits, and Councilman Headrick questioned whether a sound financial balance would be maintained should the costs exceed 20%. He had concern relative to excess funds where it is specified those funds shall be used for additional benefits which he could not envision without additional cost. He felt it to be unacceptable to say there will be no additional costs, when there are no figures available in substantiation. Mike Sanders addressed Councilman Headrick's concerns by reiterating many of the previous comments relative to a proportional representation on the board, the notion that projected costs are politically motivated, plus the fact there will be additional costs incurred whether the Initiative passes or not. He indicated the fund needs to grow at a long-term rate of 8%, and the rates will need to be increased in order to fund the pension to certain levels. He felt the projected costs are over-stated, and the checks andbalances will provide protection against escalating costs. Lengthy discussion and debate followed between Councilman Headrick and Mr. Sanders who stressed that, as the pension fund value grows, anything above and beyond would be reinvested in the plan. There is no intention to increase the benefit, as such an action must be based on sound financial judgment and basis. Excess funds, in the past, have been viewed by the State as being available for other state projects which the police and firefighters feel is inappropriate. Councilman Braun inquired as to whether this is a fiduciary fund, to which Mr. Sanders responded in the affirmative. He wondered if there is State law requiring the fund to be CITY COUNCIL SPECIAL MEETING 4784 October 22, 2002 Initiative 790 (Cont'd) actuarially sound, and he expressed the opinion that it must be a violation for the State to use excess funds for other projects. Mr. Sanders indicated there are other ways around an obstacle, and Councilman Headrick noted that contribution rates have been lowered by virtue of excess funds. The result, therefore, is that the State and City save money, ultimately consuming the excess funds in the trust fund. Mr. Sanders addressed the projections that the City could be paying up to $400,000 more in the upcoming year and that employees could be paying as high as 26%of their salary toward the pension which he maintained would not be realistic. Mayor Wiggins sought input from Finance Director Ziomkowski, who indicated the AWC projections were used in determining what the increase to the City might be if minimumbenefits were to increase. Manager Quinn spoke with the State Actuary Office to obtain further information and was informed that the figures provided were based on an assumption that all earnings of the trust in excess of the actuarial assumed rate of investment return shall be used exclusively for additional benefits. The State uses an actuarial amount of 8% as a projected interest earning, so if any amount above 8% occurs, that money had previously been reinvested in the fund. This bill exclusively takes anything above the 8% and uses it for benefits, so the Actuary determined that a new and realistic investment interest must be incorporated. For purposes of the projections, a 4% figure was used, resulting in the rather large projections. The increase is not because the proposed board wouldbe adding new benefits, but it is strictly a result of the investment interest not being reinvested to pay forthe existing benefits. He felt Mr. Sanders was correct in his statement that doing nothing will likely result in an increase in rates due to the state of the economy. Discussion followed. Councilman Campbell felt there is no question that the act has the intent of providing additional benefits for the police and firefighters. However, the employee is making an investment in retirement income, but the employer and the State are making the contributions. For every dollar an employee invests in the retirement plan, he gets a dollar from the State and from the City. The annual return, including the 8% interest, is 116%, so the incentive would clearly be to increase the contributions. Given the fact there aren't good checks and balances, there is a possibility of serious abuse which was of concern from the City's perspective. Mr. Sanders felt the checks and balances are especially good, due to the allowance for three independent actuarial studies. Councilmember Rogers again queried as to why there is no representation, and Mr. Sanders reiterated past unsuccessful efforts to attempt to gain representation. Councilman Braun felt it could be attributed to the Legislature wanting to maintain power, and Councilman Williams agreed the Legislature likely doesn't want to relinquish control in view of the availability of the "piggy bank". He expressed sympathy for all of the systems across the board, but delineated various concerns with the legislation, such as placing majority control in the hands of the LEOFF II members. He was concerned that the Legislature must act affirmatively to repeal any of the actions which will prove to be difficult, plus he was concerned with the intent of the legislation to provide additional benefits subject to cost limitations. The board would be in a position of control for one system only, when there is a systemic problem across the entire retirement system; Councilman Williams would have preferred legislation for all of the pension systems. He discussed concerns related to an administrative staff and acquired office staff, all of which would be funded by the Department of Retirement Systems. Mr. Sanders responded to Councilman Williams' commentaries and again urged the Council to remain neutral on the issue. Paul Lamoureux, 602 Whidby, posed a question as a taxpayer represented by police, fire, and the City. He inquired as to the prime reason, discounting representation, that this issue has arisen. He wondered if there had been a problem with the pension system that brought the Initiative to the front or if this was merely an issue of representation. -3- 4785 CITY COUNCIL SPECIAL MEETING October 22, 2002 Initiative 790 (Cont'd) Pat Clark, Business Representative for the Teamsters, responded to Mr. Lamoureux by summarizing the difference in pension benefits for the State of Washington as compared to other systems along the west coast. Citing specific benefits in Portland, he noted the pension income could be as high as $4,000 per month, when Washington benefits could be in the range of $1,600 - $1,800 per month in a best case scenario. He understood the City's concern with maintaining fiscal responsibility, but the bottom line from the perspective of the employees, when the State kept cutting contribution rates, is that the employees have substandard retirement benefits. He indicated the employees want to retire with dignity at a decent age. Mayor Wiggins asked if the groups in the other states have the same plurality on the boards, and Mr. Clark was uncertain as to the structures of the other boards. Councilman Headrick concluded that the bottom line is, in fact, increased benefits, to which Mr. Clark agreed. Lengthy discussion followed, and Councilman Headrick pointed out that deferred compensation programs are available to the employees in order to gain additional retirement benefits. Jamie Mason, an employee of the Fire Department, asked for further information concerning the deferred compensation programs. Manager Qninn offered clarification in that the City has these programs available, and there is a provision for non-union employees for a 50% match up to $100. Mr. Mason felt 1-790 is very important, because law enforcement officers and firefighters in the LEOFF II system don't pay into Social Security which makes the LEOFF II pension even more important to the employees when planning for retirement. JoAnn Beck returned to the podium and reviewed contribution rates when she started teaching as compared to the much lower rates currently being paid. The teachers previously had a board controlling the pension fund, but the Legislature took that board away. She surmised the firefighters may have had a similar board at some point in time, and Finance Director Ziomkowski indicated this would have applied to LEOFF Plan I. Ms. Beck reiterated the fact that contribution rates have been significantly lowered, and Director Ziomkowskistated that, in the City's case, if contribution rates are lowered they are also lowered for the employees. Discussion followed concerning contribution rates, and Director Ziomkowski offered clarification concerning present deferred compensation programs, available to the employees, indicating there are other programs available to LEOFF II employees beyond that particular pension program. Bruce Knight, an employee of the City Police Department who has 24 years in the LEOFF II system, noted little has been done in the Legislature to improve the system. Efforts have been taken every year to attempt resolution at the Legislature, and the results have been shameful. He supported 1-790, hoping to see improved benefits; he felt the Legislature has not accepted responsibility for problems created in 1977. Further discussion ensued between members of the Council and Mike Sanders as representative of the firefighters. Individual Councilmembers expressed opinions on the proposed Initiative, after which Mayor Wiggins asked for a straw vote as to the Council's position. All Councilmembers, with the exception of Councilman Braun, voiced opposition to the passage of Initiative 790. Break Mayor Wiggins recessed the meeting for a break at 8:25 p.m. The meeting reconvened at 8:40 p.m. Initiative 776 Initiative 776: Mayor Wiggins asked for public input concerning Initiative 776, which would require license tab fees to be $30 per year for motor vehicles, including light trucks. In addition, certain local-option vehicle excise taxes and fees used for roads and transit would be repealed. Paul Lamoureux, 602 Whidby, referenced a previous vote of the public wherein approval was given to $30 license tabs. It was his opinion that the public had spoken, and their wishes should be adhered to by the State. CITY COUNCIL SPECIAL MEETING 4786 October 22, 2002 Initiative 776 (Cont'd) Tad Price, 111 W. 12th Street, spoke of previously paying $740 for license tabs. He was pleased to now pay only $50-$100, which is much better than $740. Councilman Williams had obtained further information from Dan DiGuilio of Clallam Transit and learned that the greatest impact would be on the Seattle metropolitan area and Sound Transit. There would be no impact on Clallam Transit, but it must be recognized that the legislation would repeal certain RCWs when there is no reference to what is being repealed. Mayor Wiggins expressed concern specifically related to the bond payments, wondering where the money for the payments would be generated. Director Ziomkowski noted, however, that the City could be impacted by virtue of the fact the County could no longer levy the $15, a portion of which is shared with the City. In addition, if State funds are reallocated, the City could lose some transportation grants. Councilmember Rogers affirmed the fact that the voters would lose their ability to initiate a local excise tax. After further brief discussion, Mayor Wiggins asked for a straw vote as to the City Council's position. All Councilmembers expressed opposition to the passage of 1-776. Resolution Setting Public Resolution Setting Public Hearing for Vacation of Right-of- Way- Port of Port Angeles - Hearing for Vacation of STV 02-04 - Portion of Tumwater Street North of Marine Drive: Right-of-Way Resolution No. 14-02 Community Development Director Collins briefly reviewed the nature of the proposed street vacation, after which Mayor Wiggins read the Resolution by title, entitled RESOLUTION NO. 14-02 A RESOLUTION of the City Council of the City of Port Angeles, Washington, setting a hearing date for a petition to vacate a Portion of Tumwater Street south of the north margin of First Street. Councilman Braun moved to pass the Resolution as read by title. The motion was seconded by Councilman Campbell and carried unanimously. ADJOURNMENT: The meeting was adjourned at 8:50 p.m. Wiggins, Mayor B e cky-J.' U(a~n,(l~ty-C]'e