June 22, 2009

Of the seven specified plan change proposals under consideration, and requiring two-thirds support for approval, one was withdrawn; two were approved (Contribution Rate Increase/Filing of 2008 Valuation; Cap on Contributory Earnings). Motions to send two of the unsuccessful proposals to arbitration (NRA 60 for Paramedics; Reduce Inflation Indexing from 100% to 70%) were not approved.

Six SC Members’ terms of appointment had been scheduled to expire on June 30; in accordance with protocols, their sponsoring organizations had been contacted and all six Members reappointed.

SC staffing was reviewed and it was agreed to proceed with conditional offers of permanent employment to fill the Executive Director and the Director, Pension Policy & Communications positions.