McAlester News-Capital, McAlester, OK

Local News

September 22, 2013

McAlester city councilors to hear employee retirement fund investment report

McALESTER — McAlester city councilors are set to hear a presentation of an actuarial report which goes up to July 1, for the city of McAlester’s Defined Benefit Retirement Plan and Trust.

City councilors will get the update when they meet in regular session at 6 p.m. Tuesday in the council chambers at City Hall.

City councilors expect to hear from Bruce R. Nordstrom, senior consulting actuary for MHBT, Inc.

Documents show that the city currently has 123 active participants in the program.

The  numbers regarding retirement pensions do not include the retirement pension programs of police and firefighters, who have their separate retirement pension programs through the state.

One bit of information will no doubt be welcomed by those who handle the city’s finances.

A report  states that due to market conditions last year, the plan’s market value asset proved to be greater than the assumed investment return assumption of 7.2 percent. Instead, the estimated annual rate of return on the market value of assets for the fiscal year which ended June 30, 2013, proved to be a gain of 14.5 percent, according to a report submitted to the city.

That compares to a gain of only 0.9 percent, or less than 1 percent, for the fiscal year which ended June 30, 2012, according to the report.

Other items on the Tuesday night meeting agenda include:

• Consider and act upon approval of Change Order No. 2, for a 21-day extension to the existing contract with K-Bar Company for the drainage project at Mallard Street and Flamingo Avenue.

K-Bar is seeking a time extension for 16 rain days which occurred  between May 21 and Aug. 13, 2013. The company is also seeking an additional five days relating to waiting for approval on Change Order No. 1. which increased the height of the new canal wall by 1.5 feet, according to city documents.

The latest change order, if approved, will change the completion date to Oct. 3, 2015, but will not increase the contract price, according to city documents.

• Consider and act upon approval of a bid to Nix Ford of McAlester for the purchase of four new and unused police cars. The item calls for the city council to approve the low bid of $134,000.72 from Nix Ford for purchase of the four police cars, according to city documents.

The vehicles which are SUVs, are to replace older model patrol cars used by McAlester police.

• Discussion and update on capital expenditures and funding, from  city of McAlester Chief Financial Officer Toni Ervin.

• Consider and act upon an ordinance to amend the city’s budget for the current 2013-2014 Fiscal Year, to reflect recent financial activity, and declaring the action an emergency, so it will take effect immediately.

Following the regular meeting, the agenda calls for the city council to go into executive session for a discussion with the city attorney concerning a workers compensation claim regarding the late Mitchell Weeks, a veteran McAlester police officer who died in January 2012 while at home on a lunch break, according to police statements at the time.

In addition to regular agenda items, city councilors are also expected to act on the council’s consent agenda. That means all of the items can be approved by a single vote, unless one of the city councilors calls for a specific item to be pulled for discussion.

Items on the consent agenda include:

• Consider and act to authorize the mayor to execute a city-county jail services agreement.

• Concur with mayor’s re-appointment of Sabre Tate to the McAlester Tree board for a term to expire in September 2015.

• Concur with mayor’s appointment of Tedi Graham, to the McAlester Tree Board for a term to expire September 2015.

• Concur with mayor’s re-appoinment of David Cantrell, to the McAlester Tree Board for a term to expire in September 2015.

• Concur with mayor’s re-appointment of Theo Webb to the McAlester Tree Board for a term to expire in September 2015.

• Concur with mayor’s re-appointment of Joyce Carlson to the Pittsburg County Regional      Authority for a term to expire in June 2015.

Contact James Beaty at

Text Only | Photo Reprints
Local News
  • Speed bump need for speed bump

    City of Krebs Street Supervisor, Kevin Mick, along with his crew and Krebs Mayor Bobby Watkins, put the finishing touch on the new speed bumps they installed at Krebs Public School that were paid and provided by the city of Krebs for the safety of the students and teachers.

    July 31, 2014 1 Photo

  • FLOODED.jpg Heavy rains knocks out sheriff's phones, flood emergency management offices

    Regular phone lines for the Pittsburg County Sheriff’s Office and the Office of Emergency Management were knocked out in the early morning hours Thursday, while about 18 inches of water flooded the OEM office under the Pittsburg County Justice Center.

    July 31, 2014 1 Photo

  • coins Indian Territory Coin Club will meet Aug. 11

    The Indian Territory Coin Club will meet Aug. 11 at 6:30 p.m. at Angel's Diner on 69 Bypass South, McAlester. The program will be on ancient coins. Contact Gary at 405-426-9044 for further information.

    July 31, 2014 1 Photo

  • commissioners.png Gas company files appeal

    They’ve decided to hire an attorney.
    Pittsburg County commissioners plan to hire a lawyer to represent in an appeal filed in district court on behalf of an oil and gas company protesting the amount of its ad valorem tax assessment.

    July 31, 2014 1 Photo

  • backpack Backpack-stuffers prepare for Bash

    Workers and volunteers at Shared Blessings were busy Wednesday getting ready for this weekend’s Back-to-School Bash, preparing to give away backpacks and school supplies for children and teens who will soon start the new school year.

    July 31, 2014 1 Photo

  • Car gets stuck in flood water, flood water receding

    July 31, 2014

  • 07 30 SOUTH AVE 1.jpg 'Road Closed' means just that

    No road.
    No kidding.
    For months, signs placed along South Avenue and Country Club Road read “Road Closed Ahead” — although the roads were still open.

    Now though, the “Road Closed Ahead” signs on South Avenue, along with those on Country Club Road and Peaceable Road, mean exactly what they say.

    July 30, 2014 1 Photo

  • Square logo.jpg City extends 17th Street construction deadline to mid-September

    A Stillwater company working on the Seventeenth Street Capital Improvement Project for the city of McAlester now has until mid-September to complete the job.

    July 29, 2014 1 Photo

  • Devin Mitchell McAlester man facing rape charges has hearing date set

    A preliminary hearing date has been set for a man who is facing charges of rape in the first degree (victim under age 14) and sodomy, victim under the age of 16.

    July 29, 2014 1 Photo

  • comish County to decide on liquor sales

    They’re ready to give the voters a shot.

    July 29, 2014 1 Photo

Seasonal Content
AP Video
Netanyahu Vows to Destroy Hamas Tunnels Obama Slams Republicans Over Lawsuit House Leaders Trade Blame for Inaction Malaysian PM: Stop Fighting in Ukraine Cantor Warns of Instability, Terror in Farewell Ravens' Ray Rice: 'I Made a Huge Mistake' Florida Panther Rebound Upsets Ranchers Small Plane Crash in San Diego Parking Lot Busy Franco's Not Afraid of Overexposure Fighting Blocks Access to Ukraine Crash Site Dangerous Bacteria Kills One in Florida Workers Dig for Survivors After India Landslide Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN
NDN Video
Famous Internet Cats Help Big Cause With Viral Video Snoop Dogg Narrating Animal Footage Is Perfect Tigers Acquire David Price - @TheBuzzeronFOX Russell Brand Slams Sean Hannity Over Gaza Conflict Segment Chapter Two: Composing for a film in retirement Woman's Dive Goes Terribly Wrong Brian Williams Reports on Daughter Allison Williams' 'Peter Pan' Casting News Did Jimmy Fallon Look Up Heidi Klum's Dress? What Drama? Miranda Kerr Poses Topless Plane crashes in San Diego Costco parking lot Justin Bieber Takes To Instagram To Diss Orlando Bloom You Won't Believe the Celeb Cameos in "Sharknado 2" Pitch Invading Morons Cause Chaos - @TheBuzzeronFOX Orlando Bloom 'Takes a Swing' at Justin Bieber In Ibiza Sadie Doesn't Want Her Brother to Grow Up "Maxim" Hotness! See Jessica Alba's Sizzling Spread Two women barely avoid being hit by train Broken Water Main Floods UCLA Orlando Bloom and Justin Bieber Reportedly Came To Blows In Ibiza Meet the Man Behind Dumb Starbucks

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.