July 10, 2009

News Release

For Immediate Release

Pension Task Force Town Hall Meetings

The public is invited to attend two town hall meetings hosted by the Police-Fire Pension Fund Citizens’ Task Force on Tuesday, July 21, and Thursday, July 30, 2009. The Task Force is seeking citizen input on a list of possible recommendations before it begins drafting a final report in August.

The July 21 meeting will be held from 6:30-8:30 p.m. in City Council Chambers at Historic City Hall, 830 Boonville Ave. This meeting will be televised live on CityView on Mediacom channel 23, digital channel 80. The July 30 meeting will be held from 6:30-8:30 p.m. in the auditorium at the Springfield Art Museum, 1111 Brookside Drive. The airtimes for this meeting will be announced. Video from both meetings also will be posted on the City Web site.

The City Council formed the Pension Fund Task Force to conduct an in-depth study of possible methods to fund the more than $200 million shortfall in the Police-Fire Pension Fund. The group consists of 15 voting members and a non-voting chairperson, Mr. Jerry Fenstermaker. It began meeting in late April. As part of its work, the task force formed three subcommittees to study issues from three perspectives. The subcommittees examined possible recommendations based on what would be in the best interest of the Pension Fund and its beneficiaries, the taxpayers, and the City itself.

Fenstermaker and the chairs of the three subcommittees will discuss all of the possible recommendations the task force is considering thus far and how they arrived at these conclusions, then lead discussion about the recommendations. Other members of the task force also will be present at the town hall meetings.

Citizens can learn more about the Task Force’s work and the Pension Fund by visiting the Pension Fund page on the City’s Web site at: www.springfieldmo.gov/pensiontaskforce. Videos of all of the full group’s meetings can be seen in their entirety on this page, as well as downloads of documents the group is studying. Meetings also are covered and summarized on the CityConnect blog: click on the category “Police-Fire Pension” at www.springfieldmo.gov/cityconnect.

For more information, contact: Louise Whall, Director of Public Information, 864-1009.

city of springfield

Department of Public Information

840 Boonville Avenue • P.O. Box 8368 • Springfield, MO 65801
417-864-1010 • Fax: 417-864-1114 • springfieldmo.gov