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Attention ARSCE Members

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President's Message:

John Masterjohn

 

Well, here it is summer already and I know that everyone who spent the cold months in warmer climates are back and enjoying our great weather. Hopefully that is, since it’s still spring as I’m writing this.

I want to congratulate all the members who won election to the ARSCE Board and to all the alternates; we hope you will continue to stay involved.

I also want to thank Victoria Troisi for accepting the role of Financial Secretary and we welcome her to this position.

I am not sure at this time where negotiations are going on the City’s new Cash Balance Pension Plan. I would hope the unions would make sure that if they agree with the new plan, they receive a number of upgrades in the current plan, like increasing the 1.5% COLA and hopefully the basic floor which is now 65%.

We celebrated at the June luncheon with the swearing in of the new Board members.

I met with Ken Nakatsu for our monthly meeting. We discussed the Seattle, Tacoma, and Spokane retirement systems’ request to the Sunshine Committee to review and support their request for an exemption to the Public Records Act (PRA) for certain “alternative investment” information, like that available to the Washington State Investment Board and the University of Washington. The Sunshine Committee has been established specifically to review exemptions to the PRA. With such an exemption, the three retirement systems would have better access to top alternative investment managers. Seattle, Tacoma, and Spokane are the only public retirement systems in Washington without this exemption.

Our Board discussed this issue at the May meeting and decided as a Board that we could not participate in the meeting, along with SCERS (Seattle City Employees’ Retirement System), as representing ARSCE (Active & Retired Seattle City Employees).

The Board also is making a decision whether we should have a luncheon in September, 2016—so we need to hear from you on this subject. All the contact numbers are listed in this newspaper. And again, we are always looking for new members, so please encourage your friends to join.

Well, that’s all for this time.

Sincerely yours,

John Masterjohn

Reprinted from the ARSCE News, July - August, 2015, p. 1.

 

Events

 

ARSCE Executive Board Meeting, Wednesday, July 8, 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.