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Manager Rose responded that there was no evidence that it was ever discussed at the Council <br />level. <br /> <br />Member McCarthy asked if pension payments are included in the budget Council approves. City <br />Manager Rose said yes, but Council still has to approve the expenditure. <br /> <br />AD&D Insurance <br />Mrs. Howze stated that the Pension Funds currently cover the costs of the $100,000 Basic Life <br />death benefit provided to active employees through the Standard Insurance Co. She introduced <br />the option of adding Accidental Death and Dismemberment insurance to that existing coverage <br />as it is customarily offered at a nominal cost complimentary to Basic Life. The cost for both <br />plans would be $7,000 split between both plans based on employee populations. <br /> <br />Chairman Reedy asked why this would be an item for the pension board. Mrs. Howze stated <br />that the payment for the Basic Life is paid out of the pension funds and this would be an add-on <br />to the Basic Life. <br /> <br />Member Stutz asked if the board is allowed to approve adding the item. Attorney Krawzick <br />stated that the plan sets out all payments and the benefit would need to be added to the plan. <br />Mr. McCarthy stated and Attorney Krawzick confirmed that if the plan(s) are below 80% no <br />enhancements are permitted. <br /> <br />Chairman Reedy asked if it would be easier <br />the plan. Attorney Krawzick confirmed that would be permitted. Mrs. Howze said she would <br />explore that option. <br /> <br /> <br />Next Meeting Date(s) <br />July 23, 2019, October 22, 2019 <br /> <br />Adjournment <br />The meeting adjourned at 8:30 p.m., with a motion by Member Jennings, seconded by Member <br />Wall and passed with unanimous consent. <br /> <br /> <br />А <br /> <br /> <br />