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On July 6, 2022, Mr. Andrew Smith, OCA Treasurer and Chair of the Pension Subcommittee of the Metropolitan Council, released the following FAQs regarding the Pension Plan Review Process and Proposed Amendment in preparation for discussions at the coming 20th All-American Council:
The upcoming All-American Council in Baltimore, MD will discuss two proposed Statute amendments.
The Pension Subcommittee of the Metropolitan Council has led to a proposed Statute amendment which seeks to codify basic expectations of the Pension Plan’s reporting to Metropolitan Council, change the composition of the Pension Board for better representation of the key constituents, Plan participants, and Employers. The amendment with its explanatory introduction is available here.