§ 13.06. Study and formulating committee; preparation, consideration and adoption of plan for employee benefits; subsequent committees provided for.

There shall be a study and formulating committee consisting of five (5) persons appointed by the mayor and approved by the council. This committee shall make a study and formulate a plan for employee benefits, which shall include disability and retirement benefits and which may include medical insurance benefits and life insurance benefits. Such study shall include the design, the possible coordination of any of the employee benefit plans of such system with the Social Security Act, the administration and financing of such system and all properly related matters. For the purposes of its study and formulation, the committee is authorized to:

(a)

Within the limits of its appropriation, employ the services of legal counsel, investment consultants, actuarial consultants, and the services of others which in the sole discretion of the committee may be necessary to perform its duties.

(b)

Obtain from any department, board, commission, agency, officer or employee of the metropolitan government information and data with respect to the compensation of any officer or employee; his or her length of service with the metropolitan government, the former City of Nashville or the former County of Davidson; his or her retirement or other cause of termination of employment; his or her contribution to any employee benefit plan of the metropolitan government as well as any retirement plan listed in section 13.09 (a)—(c) of this article; and such other pertinent information and data as the board may require.

The council is hereby authorized and required to appropriate such funds as may be reasonably necessary for the work of said committee.

Within one year after its appointment, unless the time be extended by resolution of the council, the study and formulating committee shall submit to the employee benefit board a proposed system of employee benefit plans for officers and employees of the metropolitan government. Said board shall either approve the plan or indicate the specific changes which it recommends in connection therewith. Thereupon the board shall submit the approved plan or the original plan with recommended changes to the council for its action thereon and for the enactment of a system of employee benefit plans.

The mayor shall from time to time thereafter, and at least once every five years, appoint a subsequent study and formulating committee to study benefits, contributions, extent of coverage, actuarial soundness and related matters in connection with the system of benefit plans and to submit to the employee benefits board such amendments as such study may indicate as necessary.

(Amended by referendum election of November 6, 2018, Amdt. 6)