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Attention ARSCE Members

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President's Message:

John Masterjohn

 

As I write this article I am at a rally for the “15 Now” campaign at the Seattle Labor Temple. I am listening to the speakers and also working my job as Building Manager of the Labor Temple. I believe if the “15 Now” is voted into law it would be good for the City because of the spending power it would give to the people who are now only making minimum wages. They will contribute to the sales tax which goes into the general fund, which can be used to help fund the pension system, if needed.

At the end of October, the funding level of the retirement fund was 68.97%. As you know, the market for the last two months was up, so we are hoping for a higher number at the end of December. That is the highest percent we have seen in quite some time. If we ever get to 100%, then the floor goes up to 70% from the 65% that it is at now.

The other good news is that the City has asked Ken Nakatsu to stay on as the Interim Director until 2015. That is good for us is because Ken wants to work with us and has made some changes in how the Retirement office staff works with the people who are trying to get information regarding their retirement. He has implemented a new IT system for signing up for retirement. It was unbelievable that they were still using paper forms and doing it by hand. This should make it a lot easier for people to find out about their program for retirement.

As I am writing this article, it is a bright and sunny day and by the time you get this paper spring will almost be here and the warm weather with it. I know some of you travel to warmer places during the cold months and look forward to our nice springs and summers.

I want to thank all the members who are running for the ARSCE Board. I am looking forward to working with the winners and also those who are not elected but still stay involved with ARSCE. Make sure you fill out your ballot inside today’s paper and send it back right away.

For all you City employees who are getting ready to retire, and even those of you who are looking forward to more years with the City, you should join ARSCE; it only costs $12.00 per year. The more people we represent, the stronger we will be. While you are still at work you may be aware of issues that we have overlooked; be sure to bring those to our attention.

Your President,

John Masterjohn

Reprinted from the ARSCE News, March - April, 2014, p. 1

Events

To see photos of the 2013 ARSCE Holiday Luncheon, click here.

 

ARSCE Executive Board Meeting, Wednesday, April 9, 2014, 10 a.m. - noon.  Location to be determined.  Any member may attend and participate.

 

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 April 7, 2014.