On Monday February 22, 2010 Mayor Kasim Reed will join John C. Mellott for a presentation to the Pension Reform Panel on the current state of Atlanta’s Pension Plan. The panel is comprised of Subject matter experts and key stakeholders from the public and private sections. John C. Mellott was named Chairman of the Pension Reform Panel after Mayor Reed’s transition into his Administration. (See City of Atlanta Webpage for more details) (http://www.atlantaga.gov/media/medadv_pension_021910.aspx)

On February 4, 2010 PACE met with Pension Board Committee member Alfred Berry to gain a better understanding of pension rumors and facts such as:

1. Cause of Actions is based on 2008-09 negative CPI

2. 45-75 Total Retirees will be impacted by the negative CPI (recent 2008-09 retirees)

3. Negative CPI will only affect COLA and NOT base salaries

4. COA Code only allows for 3% COLA increases with anything over going into a reserve

PACE will have a seat on the Mayor’s Pension Task Force that was announced on February 3, 2010. Jon Calloway will be the representative on that Committee for PACE. COO Peter Aman released preliminary data on Employee Salary vs CPI Analysis in an email to City Council Members on February 12, 2010. (See the City of Atlanta Website for this article dated 02/12/2010) http://www.atlantaga.gov/media/mediastatement_salaryanalysis_021210.aspx

The latest news Letter from Mayor Kasim Reed’s Transition Committee reports the Mayor appointed a 10 member committee to locate someone for the Chief Financial Officer (CFO) position. Mayor Reed stated; “ My goal is to have someone in the CFO position who will help guide our city through the toughest economics Atlanta has faced in modern memory. I need a strong partner to ensure Atlanta meets our obligations and is prepared for the future.” (Kasim Reed Transition Committee released by Liz Flowers) PACE will meet with the newly appointed CFO to also find her/his position, and relay all information to Union Members.