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,rill We have followed the suggestions made by the Attorney w ith the <br />di <br />eXceDtion of englaoing a consult' <br />a& MV ing, ac tuary <br />Alternative 1 <br />'A,'e could accept the request for bolth years from the Associati'10 <br />and pay 1988 from the Contingent account and levy for 1989, Th <br />1989 levy J"Lis currently part of the priel imminary budget proposal. '® <br />However, we could make this solutii,on contingent upon the City <br />being able to contract for an actuarial study in preparation <br />Is A, <br />the 199�O bludg,et year. This action would enable us to secure a <br />di <br />study in, which we could fully participate and achieve some <br />Si <br />understanding flor future hand,lingi of funding and benefit <br />increases . <br />P1, %-K;) io f 17 11 <br />If indeed, the record was verly clear that the Council increased <br />the benefit lev,el, under the condiLt1on of no adonal tax <br />liability, the Council could have some basis for denial,, <br />We could present the case that the Assoc3uation does not really <br />need the money . as tihey are exceedJOLng, the earnings well beyond the <br />actuarial requirement and w 0111 be overf unded w xOthin a f ew years <br />