CITY OF HALLANDALE BEACH

MEMORANDUM

DATE:                        January 7, 2009

TO:                 D. Mike Good, City Manager

FROM:            Mark Antonio, Assistant City Manager

SUBJECT:     Principal Financial Group Presentation – Actuarial Reports for October 1, 2008

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PURPOSE

The City Commission receive the presentation from Principal Financial Group (PFG) pertaining to the October 1, 2008 Actuarial Reports for the General Employees and Professional/ Management Pension Plans.

BACKGROUND/DISCUSSION

At the January 21, 2009 regular City Commission meeting the Principal Financial Group (PFG) will present the Actuarial Reports for the plan year October 1, 2008 through September 30, 2009 for the General Employees and Professional/Management Pension Plans. Consulting Actuary, David A. Stocklas and Senior Relations Manager, Donald Huegerich will be making the presentation to the City Commission.  

Based on travel commitments, staff requests a time certain at 2:45 p.m. and expects the presentation to last thirty minutes.  

Reviewed:

______________________________                               _________________

D. Mike Good, City Manager                                                      Date

____ Approved   ____ Denied    ____ Hold for Discussion

COMMENTS

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MA/ma