Title
Consider the recommendations regarding the actuarial study of retirement benefit changes for safety members in the Fire and Probation Departments, as follows:
a) Receive and file the report from the Retirement System's actuary regarding the anticipated financial impact of implementing changes in retirement benefits (FAS-3 and half-rates) for Safety members in the Fire and Probation Departments; and
b) Receive and file the letter from the Retirement System's actuary regarding the cost of including standby pay as pensionable earnings.
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