On September 2, 2008, Councilor Jourdain filed 3 orders related to the Holyoke Retirement System. Included is the current Status of these orders. Updates to follow.
JOURDAIN Ordered, that a Representative of the Governor’s office and/or PERAC be invited before the Finance Committee for an informational session to discuss the advantages and disadvantages of the city joining our retirement system with the state.---> Received and referred to the Finance Committee.
JOURDAIN Ordered, that the Holyoke Housing Authority and Retirement Board please provide copies to the City Council as soon as possible of all memorandum, email, minutes, legal opinions, letters, correspondence, votes, or other documents related to the elimination of John Counter’s position at the Housing Authority, his apparent “termination” and his request for an enhanced pension as a result of the elimination of his position. Please also provide the name of his former title. If any documents are being held back as not “public documents”, please indicate which documents and on what basis the document(s) is being withheld. This request is made under Section 48 of the City Charter. That this order be sent to HHA & Retirement Board with a copy to the Public Service Committee.---> Received and referred to the Finance Committee.
JOURDAIN Ordered, that pursuant to Section 48 of the Charter that Dan Owens of the Retirement Board or his designee please provide a financial analysis for the City Council illustrating what John Counter’s pension would have been based upon: (1) a normal superannuation retirement payable now based on his age, years of service and his pay rate versus (2) the pension he will be receiving now under Ch 32, § 10 (2) (a) as a result of his position being abolished by the Housing Authority. Please give an annual breakdown as well as a lifetime payout analysis assuming benefit ends at age 85 under both scenarios. That this order be sent to the Retirement Board with a copy to the Public Service Committee.---> Received and referred to the Finance Committee.
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