Coalition of Retired Employees

                                                                                        City of Fort Worth

Important Information

City Council Pension Proposals

City Manager David Cooke brought forward two proposals this morning that involve retirees.

1. Every current retiree would get a simple 1% with an additional 1% on your  first $30,000 of pension if you have a minimum of 25 years of service. If you don't have a minimum of 25 years of service, you would only get 1%.

2. He also presented a proposal by the Police Officer's Association which leaves all current retirees whole, but raises the retirement age for active general employees.

The Council will vote on the timeline for any changes/processes during next Tuesday's 7 pm meeting.

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Bring your funny bone and appetite to

the next CORE meeting!

When: Monday, November 12 @ 10:30 am

Speaker will be the Dallas Morning News Columnist

Humorist and Noted Author Dave Leiber

Where:  Retirement Fund Building

   3801 Hulen Street

                                       Refreshments will be served

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This is to let you know that there will be a discussion about the pension next Tuesday Oct. 23 in Council Work Session.

Thank you,

Margaret Wise

Assistant HR Director Human Resources

200 Texas Street Fort Worth TX  76102

Office:  817-392-8058 - margaret.wise@fortworthtexas.gov

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City of Fort Worth family,

I am writing today with a heavy heart. As many of you know, Fort Worth Officer Garrett Hull was shot while on duty early this morning. He is currently in the intensive care unit in critical condition. He is a hero, and he is fighting like one.

As you also know, at Tuesday’s city council meeting, the City Council was scheduled to vote on  the FY2019 Budget and consider a proposed solution regarding the sustainability of the pension fund.  However, our attention is now rightly focused on Officer Hull and his family. For that reason, we are postponing further pension discussions and will reschedule the vote at the appropriate time.  We will proceed with a vote on the FY2019 budget. 

I ask you all to join me in offering your prayers, thoughts, and love for Officer Hull, his family, and his fellow officers at this time. His bravery is an example to us all.

Mayor Betsy

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Friday, September 7, 2018

Since our last Budget Work Session on the pension, I have had discussions with the Mayor and Council Members on options for a potential solution.  Today, I will present a revised recommendation.  Attached is a copy of the presentation.

The recommendation:

·         Considers feedback and proposals by Manny, Michael, Glenn, and Marsha

·         Considers the possibility/probability of a successful employee vote

·         Attempts to balance contributions toward the solution by all parties

·         Increases the city’s contribution from 3% to 4% of payroll

As for the changes to benefits/eligibility:

·         Eliminates service credit (same as before)

·         Establishes minimum retirement age of 55 for Fire and General employees (but                impacts only non-vested and new employees—this change also reduces the cost              impact of 25 and out for Police)

·         Eliminates COLA for future service

·         Replaces 2% COLA with a 1% COLA

This produces employee contributions, as follows:

·         General:  1.1% + .7% (Blue Service)

·         Police/Fire:  3.8%

·         Police 25 and out:  .9%

I will also be talking about the go forward risk sharing and what would it look like if the fund performs better than projected.

Thanks, David

David Cooke
City Manager
City of Fort Worth
200 Texas Street
Fort Worth, TX 76102
817/392-6115




Thursday, August 9, 2018

Please join us as we "Circle the Wagons around City Hall."  Learn how you can take a part in saving your own COLA.  We need to press to the finish following strides made before and at the August 7th City Council Meeting by members of CORE, POA and Local 440. We came together and fought the good fight now let's ensure the City does the right thing by fulfilling their promises to their employee family by finding ways to save our COLA.

The City Council will vote on our COLA on September 18th. 

Marolee

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Wednesday, August 8, 2018

Subject:  Pension Progress
Last night's City Council meeting may have seen the needle move on saving retirees' COLA's. It was a packed house. The Mayor and the City Council offered and agreed to spend quality time during the August 16 Budget workshop examining other options to solving the unfunded liability rather than accepting the City Manager's proposal.  The workshop will be open to the public . As soon as the exact time and location are posted, I will share them. Thats where I will be spending the day.

 A majority of the council expressed some level of displeasure at the possibility of impairing the retirees' COLA. BUT don't for a moment let up. Keep writing and calling the Council.

 I want to take this opportunity to express my profound gratitude to the leaderships of the Fort Worth Police Officer's Association and the Firefighters #440. We could not fight this battle without their support and dedication.

Marsha Anderson, 817-994-3473

randommja@att.net


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