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Pension Board
Meetings
- 9:00 a.m. unless otherwise specified
- Second Wednesday in February, May, August, and November
- 205 Lawrence Street NE
City Hall Council Chamber
Marietta, GA 30060
Upcoming Meetings
- Regular Meeting: Wednesday, November 9, 2022
Agendas & Minutes
Agendas are available prior to the meetings. Minutes are available following approval.
View Most Recent Agendas and Minutes
Members (All voting members appointed by the City Council)
| Representative | Position | Term Expiration |
|---|---|---|
| William F. Bruton, Jr. (City Manager, Pension Approval Authority) | Post 1 | January 2026 |
| Joseph Goldstein (Council Member, Chairman of the Finance and Investments Committee) | Post 2 | January 11, 2023 |
| Cheryl Richardson (Council Member, Chairman of the Personnel and Insurance Committee) | Post 3 | January 11, 2023 |
| Rich Buss (General Employee Representative, Director of Parks, Recreation, and Facilities) | Post 4 | December 31, 2022 |
| Patina Brown (General Employee Representative, Board Vice Chairman, Designated Pension Approval Authority, Deputy Director of Finance) | Post 5 | December 31, 2022 |
| Bruce Bishop (General Employee Representative, Deputy Director of IT) | Post 6 | December 31, 2024 |
| Keisha Register (General Employee Representative, Employment Manager) | Post 7 | December 31, 2024 |
| Patrick Bonito, Jr. (Police Representative, Designated Pension Approval Authority, Police Major) | Post 8 | December 31, 2022 |
| Bobby Moss (Fire Representative, Board Chairman, Designated Pension Approval Authority, Fire Captain) | Post 9 | December 31, 2024 |
| Marty Ferrell (Police Chief, Votes in absence of Police Representative) | Ex Officio | January 2026 |
| Tim Milligan (Fire Chief, Votes in absence of Fire Representative) | Ex Officio | January 2026 |
| Davy Godfrey (Secretary, Director of HR and Risk Management, Non-voting) | Ex Officio | Board appointed |
| Sam Lady (Treasurer, Director of Finance, Non-voting) | Ex Officio | Board appointed |
Pension Contacts
- Pension Board Attorneys: Elarbee, Thompson, Sapp, and Wilson, LLP (primary attorneys R. Read Gignilliat and Patrick Lail), and City Attorney Douglas Haynie from Haynie, Litchfield, Crane and White, P.C.,
- General Pension Consultant: CBIZ
- General Pension Actuary: Clark Weeks of Weeks Retirement Solutions
- General Pension Auditors: Nichols, Cauley & Associates, LLC
- General Pension Trust Custodial Services: Truist
- General Pension Investment Strategies (Five active managers and one passive strategy): Eagle Capital Management, LLC, Orleans Capital Management Corporation, Sage Advisory Services, Ltd. Co., Victory Capital Management Inc., Westfield Capital Management Company, L.P., iShares Russell Small/Mid-Cap Index Fund
- Securities Monitoring: Kessler, Topaz, Meltzer, & Check, LLP
- Supplemental Pension Plan Trustee/Recordkeeper: MissionSquare Retirement
- Supplemental Pension Consultant: AndCo Consulting
- Designation of approval authority for pension, retirement, and disability payments
- Secretary and Treasurer appointment memorandum
Pension Board Duties & Functions
- Handle distribution of all reports to participants
- Handle arbitration between the city and the participants in all matters regarding the plan
- Handle any notices of eligibility, benefits, available options, and any other notices required by the plan, contract, or rules and regulations
- Decide all questions and disputes on the interpretation and eligibility of persons for payment under any pension, retirement, and disability ordinance of the City of Marietta
- Take any mandated education related to their position
Pension Board Powers
- Recommend to the council the awarding of contract(s) for actuarial and investment management and other administrative services as needed
- Adopt rules and regulations providing procedures for the granting of pension, retirement, and disability benefits and to approve payments for such persons entitled to payment
- Adopt investment programs and procedures for funds held by any investment manager
- Adopt all documents issued by the board
- Review and recommend changes in the pension, retirement, and disability program
- When requested by the city manager, to advise the city manager on all pension, retirement, or disability payment matters
- To do all other things necessary and proper to carry out the duties required of it is as the pension board of the City of Marietta
Helpful Resources
Contact Information
Email the Pension Board
History of the City of Marietta Pension Board | ||
| Date | Retirement Plan | Actions |
| March 13, 1957 | Policemen and Firemen Pension Fund (Charter Amendment) | Established five members: Council member chair of police committee, Council member chair of fire committee, one fire employee, one police employee, fifth member elected by the other four who is a resident landowner and registered voter of the City of Marietta |
| August 13, 1966 | Pension Plan #1 for General Employees (Motion) | Established three members: City Manager, Director of Public Works, and Electrical Engineer |
| August 13, 1966 | Pension Plan #2 for Policemen and Firemen (Motion) | Established three members: City Manager, Fire Chief, and Police Chief |
| September 21, 1973 | JMERS Retirement Plan (Ordinance Number 3042) | Established eight members: Two Council members, City Attorney or other attorney appointed by Council, City Manager, two Class I employees elected by those participants (permanent policemen and firemen), two Class II employees elected by those participants (all other full-time employees) |
| December 12, 1973 | JMERS Retirement Plan (Ordinance Number 3075) | Specified that the two Class I employee members are composed of one member from the Police Department and one member from the Fire Department |
| February 13, 1980 | JMERS Retirement Plan (Ordinance Number 3662) | Established seven members: Two appointed Council members, City Manager, two Class I employees elected by those participants (permanent policemen and firemen), two Class II employees elected by those participants (all other full-time employees); removed the City Attorney's voting privileges |
| December 30, 1980 | Aetna Retirement Plan (Ordinance Number 3738) | Established nine members: City Manager or his designee, two appointed Council Members, four General Employee Representatives elected by those participants, Police Department Representative elected by those participants, Fire Department Representative elected by those participants, Fire Chief and Police Chief are ex officio members and vote in the absence of the department representative (note: Pension Committee redesignated as Pension Board) |
| February 8, 1984 | Retirement Plan (Ordinance Number 4022) | Reestablished nine members: City Manager or his designee, two appointed Council Members, four General Employee Representatives elected by those participants, Police Department Representative elected by those participants, Fire Department Representative elected by those participants, Fire Chief and Police Chief are ex officio members and vote in the absence of the department representative |
| February 11, 1987 | Consolidated Retirement Plan (Ordinance 4532) | Reestablished nine members: City Manager or his designee, two appointed Council Members, four General Employee Representatives elected by those participants, Police Department Representative elected by those participants, Fire Department Representative elected by those participants, Fire Chief and Police Chief are ex officio members and vote in the absence of the department representative |
| June 8, 2016 | Consolidated Retirement Plan (Ordinance 7893) | Designated the Council Members on the Board as the chairs of the Personnel and Insurance Committee and Finance and Investments Committee |
| February 13, 2019 | Consolidated Retirement Plan (Ordinance Number 8078) | Mandated that all voting members be appointed by the Council |
| April 13, 2022 | Consolidated Retirement Plan (Ordinance Number 8262) | Allows the fire chief and police chief to select a designee to serve on the Board in an ex officio role |