The Knoxville City Council named a Pension Task Force to review, analyze and evaluate the sustainability of the current city pension system and, if necessary, to offer advice and recommendations to City Council pertaining to maintaining and enhancing the long-term viability and sustainability of that system.
Appointment of Task Force Members
The 13 members of the Task Force were appointed by City Council.
Task Force Members
Veenita Bisaria
Senior Manager, Strategy and Competitive Intelligence, Tennessee Valley Authority; Undergraduate degree from St. Xavier's College, Ranchi, India, with major in Economics; MBA from the University of Denver; Chartered Financial Analyst; Founding member of the Knoxville Society of Chartered Financial Analysts.
Anita Cash
City of Knoxville Employee Representative
Art Cate
Chief Operating Officer for Knoxville Community Development Corporation (KCDC); Trustee, Housing Authority Retirement Trust; Vice-Chair, Tennessee Housing Authority Risk Management; Past President of Tennessee Association of Housing and Redevelopment Agencies; Graduate of University of Tennessee.
Gordon Catlett
City Police Department Representative
Bob Cross, Co-Chair
President of the Southeast Region of USI Consulting Group; Undergraduate degree from the University of Tennessee and a Master's Degree in Actuarial Science from Georgia State University. Member of the American Academy of Actuaries and a Fellow of the Conference of Actuaries.
Greg Fay
General Manager, Clinton Utilities Board; Undergraduate degree with major in Accounting from Carson Newman College. Chair-Elect of the East Tennessee Economic Development Agency.
Joe Hackney
City Fire Department Representative
Denise Moretz, Co-Chair
Attorney, Partner at Woolf, McClane, Bright, Allen and Carpenter where she practices primarily in general civic litigation with a focus on products liability and toxic torts; Former President of the Knoxville Bar Association; 2003 graduate of Leadership Knoxville.
Barbara Pelot
Pension Board Representative
Rev. Dr. William Pender
Senior Pastor of First Presbyterian Church; Undergraduate degree in Economics from Dartmouth College; Masters in Divinity from Columbia Theological Seminary; PhD from Duke University.
H. Frank Shanklin, Jr.
Owner, Shanklin & Sons Carpet; Undergraduate degree from Knoxville College; Former probation officer at Helen Ross McNabb Center; Graduate of Leadership Knoxville; Board member of City Industrial Development Board, Habitat for Humanity, Chamber of Commerce and Black Business Contractors Association.
Dr. James (Jim) Wansley
Department head, Finance Department, University of Tennessee; Clayton Homes Chair of Excellence in Finance; Undergraduate degree from Emory Univeristy; Master's from University of Georgia; PhD in Business Adminstration, major in Finance, University of South Carolina; Chartered Financial Analyst.
Bill Warwick
City of Knoxville Retirees Representative
MEETING AGENDAS
December 15, 2011 [PDF]
October 20, 2011 [PDF]
September 15, 2011 [PDF]
August 18, 2011 [PDF]
MEETING MINUTES
February 16, 2012 [PDF]
February 13, 2012 [PDF]
January 19, 2012 [PDF]
December 15, 2011 [PDF]
November 17, 2011 [PDF]
October 20, 2011 [PDF]
September 15, 2011 [PDF]
August 18, 2011 [PDF]
July 12, 2011 [PDF]
DOCUMENTS OF INTEREST
Report from Dr. Jim Wansley (12/15/11) [PDF]
Exprected Return on Asset Assumption (09/15/11) [PDF]
Pension System Diagram from M. Cherry (09/15/11) [PDF]
Overview of Pension System (08/18/11) [PDF]
Sustainability of Pension System (08/18/11) [PDF]
Investment Performance of the Pension System [PDF]
2003 Amended & Restated Supplemental Plan Provisions [PDF]
City EmployeesPension System State of Investment Policy [PDF]
City Pension System Experience Study 2001-2006 (12/14/06) [PDF]
BPS & M Active & Inactive Liability (01/21/10) [PDF]
BPS & M Risk Profiles & Self-Insurance (03/10/10) [PDF]
BPS & M Financial Plan & Pension Plan Design - Pleasing Employees & Taxpayers (08/12/10) [PDF]
BPS & M What Now? Presentation (10/29/09) [PDF]
Attorney Letter to Auditors (12/21/10) [PDF]
List of Money Managers [PDF]
CITY PENSION SYSTEM VALUATION & REPORTS
Report as of July 1, 2010 [PDF]
Report as of July 1, 2009 [PDF]
Report as of July 1, 2008 [PDF]
Report as of July 1, 2007 [PDF]
Report as of July 1, 2006 [PDF]
CITY PENSION SYSTEM FINANCIAL REPORTS
June 30, 2010 Financial Report [PDF]
June 30, 2009 Financial Report [PDF]
June 30, 2008 Financial Report [PDF]
CITY PENSION SYSTEM PLANS
Pension Provision Summary - Plan A [PDF]
Pension Provision Summary - Plan C [PDF]
Pension Provision Summary - Plan G, Opt. 1 [PDF]
Pension Provision Summary - Plan G, Opt. 2 [PDF]