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Blue Ribbon Pension Review Committee

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The Blue Ribbon Pension Review Committee has completed its work and issued its final report. It is no longer an active committee of the City of Glendale and was dissolved on May 9, 2022.

 

Click here to watch previous meetings or view the Agendas and Minutes

Goals:

This Committee is tasked with gaining an understanding of the overall pension system structure, discovering future anticipated costs, and ultimately advising the City Council on options and priorities for addressing pension costs and reducing the unfunded actuarial liability.

Specifically, this Committee will be tasked with the following duties:

  1. Review the City’s pension system to offer a better understanding of its structure and future costs.
  2. Conduct a review and opinion on what the City has accomplished to date with its pension reform efforts.
  3. Recommend options for reducing or eliminating the City’s unfunded actuarial liability.
  4. Review alternative financing methods potentially available to the City.
  5. Evaluate the feasibility of offering alternative retirement solutions.
  6. Produce a final report and recommendations to the City Council regarding a prudent approach to addressing pension expenses.
Blue Ribbon Pension Review Committee Members
Zareh Amirian Mike Bain
Roland Kedikian Alex Knights
Alan Manning David Masias
Grant Michals Herbert Molano
Laura Nelson Susan Wolfson
Allison Finch* Michael Wenz*
Chris Jernegan* Joseph Palos*
Committee Members were appointed by Council after an application process. The qualifications for those selected to serve in this capacity included relevant education and experience in such fields as finance, law, or accounting.

Four (4) committee members were appointed by the City Manager*. Each of these members represent a union for City employees such as GCEA, GMA, GPOA, and GFFA.

Blue Ribbon Pension Review Executive Committee

The Executive Committee is a separate body from the Committee, and does not have voting power on the Committee, or veto power over Committee actions. The Executive Committee will work with the Facilitator to develop the agenda of meetings, planned presentations, a schedule of deliverables to be provided to the City Council and the public, and assist in the development of the final report.
Zareh Amirian
 Mike Bain
 Allison Finch
Grant Michals
Herbert Molano


City Executive Team

Matt Doyle Michele Flynn
Mike Garcia John Takhtalian