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A
B
B
B
C
Know
I
am
on
ppob
and
we
we
did
vet
this
and
review
this.
Just
so
everyone
knows,
will
this
add
any
Actuarial
cost
to
the
pension
system
or
increase
the
unfunded
liability
in
any
way,
literally.
A
E
Sure
so
what
this
is
is
really
just
an
additional
option
upon
the
time
that
a
person
chooses
to
retire.
So,
if
they're
thinking
about
it
and
they,
they
know
that
they've
they
would
have
to
reach
retirement
eligibility.
E
So
you
know
20
25
years
in
the
system,
depending
on
when
they
were
hired,
and
at
that
point
they,
if
they're
looking
to
have
a
nest
egg
when
they
leave,
they
would
have
this
option
to
take,
say:
12
months
of
payments,
it's
actually
in
multiples
of
12,
so
12
24
48
whatever
months
of
payments
and
then
their
monthly
payment
would
be
reduced
accordingly.
E
But
the
good
thing
about
this
calculator
that
adds
that
it
allows
a
little
bit
of
extra
one
of
our
pension
experts
in
the
room
even
told
me
that
people
tend
to
make
bad
decisions
when
they
have
bad
information.
Well,
this
gives
that
member
extra
information
about
exactly
what
that
reduction
would
look
like
and
they
can
start
pre-planning
their
retirement
ahead
of
time.
B
F
Bojanowski,
yes,
and
we
did
get
a
copy
of
the
Actuarial
analysis
in
our
packet
representative.
G
B
D
B
House
Bill
506
has
15
yes,
votes,
zero,
no
votes
passes
with
favorable
expression.
Thank
you,
representative
Thomas,
for
your
bill
and
your
guests
that
are
with
you
today.
Thank
everyone
for
your
time
this
afternoon.
The
meeting
is
adjourned.