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Title:
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Denver Employees Retirement Plan (DERP) contribution rate for 2013. a) Presentation. b) Fifteen (15) minutes of public comment on actuarial recommendations. Two minutes per speaker and equal opportunity for opposing perspectives as determined by the Committee Chair. Individuals wishing to speak must sign up in the Council Conference room (3rd Floor City & County Building, Rm. 391) beginning 30 minutes prior to the Committee’s scheduled start time of 10:30 pm. Sign up ends 15 minutes before the meeting begins. The order of speakers will be determined by the Committee Chair. C) Action on recommendations. Re-sets the total %-of-payroll contribution rate to 18.0%. This is the rate calculated by DERP’s Actuary to be the Actuarially Required Contribution (ARC). This has been determined by the Actuary to be a matter of actuarial necessity. The additional 1.5%-of-payroll this represents will be divided equally between the employee and employer portions of the overall require...
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