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Another Council Member asked if there are additional opportunities for employees to set aside their retirements like 401 ks or deferred plans. Ms. Lockhart added that each labor group has some form of deferred compensation plan. The Council Member feels that perhaps more workshops for retirement planning are needed. Dr. Bell did say that there are workshops provided, but one strategy is for the employee to pick up more of the cost. Vice Mayor Foust said it would be helpful to have a one page fact sheet to explain to the community that staff does not contribute to Social Security, define benefit versus define contribution, and system differences between 2011 and 2013. She also believes the City needs to look at CaIPERS and see how the pension funds are invested. She believes that the more we can put on our website (about this issue), the better the community will understand that the public sector is different than the private sector. Mayor Gee also thanked Ms. Lockhart and said that not only does the Council need to know about this, but so does the community. There is a dynamic of people living longer and how will people survive. He mentioned that his company discussed setting aside 20% for retirement monthly because Social Security was never about retirement. 10. MATTERS OF COUNCIL INTEREST A. City Council Member Report of Conferences Attended Council Member Howard said she attended the first Poet Laureate for San Mateo County event and hopes that the City would partner or be involved with the County regarding this program. She also went to the Redwood City Women's Club luncheon and spoke about what is happening in the City. They were very responsive and she thanked the staff at City Manager's office for the materials they prepared for her. Council Member Aguirre thanked Mayor Gee for organizing the Lunar New Year event. He said it was a team effort and he was glad the rain came. Council Member Pierce attended the CalTrain Modernization Local Policy Maker Group event and talked about the Strategic Plan and longer station platForms. She asked Council to consider looking at grade separation issues. She attended a Congestion Management and Environmental Quality meeting and learned how San Mateo County will be doing compressed gas. Vice Mayor Foust and Council Member Pierce attended the California Apartment Association Tri-County State of The Economy and Vice Foust was part of the presenting panel. She said it was great, because Redwood City was doing great and people noticed. She then mentioned that she and Council Members, Aguirre and Howard attended the Joint Ventures State of the Valley, which was a great forum. Council Member John Seybert wanted to acknowledge that Vice Mayor Foust and Former Mayor Jim Hartnett received the People of the Year Award from the Redwood City Chamber Awards. Mayor Gee congratulated Vice Mayor Foust on this accomplishment. CITY COUNCIL February 10, 2014 MEETING MINUTES PAGE 11 MINUTE BOOK NO. 65 Page No. 83