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Attention ARSCE Members

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President's Message:

John Masterjohn

 

I would like to start out by thanking Lou Walter for hosting the July Executive Board meeting at the Local 77 IBEW hall. The lunch was terrific!

At the meeting, Lou answered questions from Board members and explained facets of the proposed Cash Balance Pension Plan. As far as we know, there have been no decisions made in negotiations on this issue.

With the City on the hook to continue to fund our current Pension Plan, even if the unions agree with the City’s proposal, it should not affect members of the current plan.

I had my monthly meeting with Ken Nakatsu on thev 16th of July, and the good news is the Pension Board vextended him for up to another year. The Board began the process to search for a permanent executive director and met with a recruiter in late July.

The Board also approved the selection of Vitech as a vendor to install a new pension administration system. Once they start, it will take about 3 years to tailor the software and install it. SCERS hopes to have data converted, paper records scanned, and an electronic content management system (ECM) available in about a year. The new system will enable far more accurate, expedient, and greater amounts of information for members.

Ken has assured us that the current system is in great shape, so that is more good news.

I hope you all had a great 4th of July holiday and you got through the heat wave we are having as I write this in mid-July. My wife Karen and I decided to take out the grass in our front yard this spring, so we got new plants and shrubs just as the drought hit. Who would have thought we’d have no rain for most of May, all of June, and July in Seattle? Our grandson’s wedding was Saturday, July 25th at Gasworks Park and they originally predicted rain! Our water bill is out of sight. Well, I had better get to watering.

Reprinted from the ARSCE News, September - October, 2015, p. 1.

Contact Mr. Masterjohn at president@arsce.org

 

Events

 

ARSCE Executive Board Meeting, Wednesday, September 9, 2015. Northgate Community Center,10510 5th Ave NE, Seattle.  All members are invited to attend.

 

 

Seattle City Council Studies Possible Changes to Retirement System

 

Council staff has prepared a report on possible directions the City might elect to take in revising the current system.  Click here to view the council page and read the report.

 

Benefits Questions?

 

Do you have a question about your benefits from the City of Seattle?  You can email Renee Freiboth of the Personnel Department directly at benefits@arsce.org.  Renee will select some queries for her article in the ARSCE News; others she will answer directly.

Home ARSCE purpose, history and accomplishments ARSCE Board Members and Officers; board calendar,agendae and minutes ARSCE Committees and current committee rosters ARSCE Constitution & Bylaws ARSCE email and postal addresses and phone number
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Questions regarding ARSCE may be directed to: info@arsce.org or by phone to 206-992-7311
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© 2013 The Association of Retired Seattle City Employees

This page updated June 23, 2015.