Ms. Padelek is capable of gainful employment. No medical follow-up review is necessary as specified by the medical advisor. Russell and Vandolder will present at the October board meeting to present Part II of their presentation on Risk Budgeting. There was a discussion with the actuary on the availability of assets to provide a retiree subsidy. Minimum eligibility requirement is 10 years of county of district service.
Minimum eligibility is waived for service-connected disability retirees.
Maximum subsidy amount is obtained at 20 years of county or district service. Hatch reported on the administrative committee meeting conducted on August 21, 2000. He presented the committee s recommendations for Board approval. Hatch moved, Builteman second, to adopt the committee s recommendation to have an actuarial cost study performed to better determine the projected cost of the liability to increase the supplemental disability retirement allowance. He informed the Board that with additional research, at least one other firm, Campbell Consulting, of Dallas, had been identified.