HomeMy WebLinkAbout2012-02-09 POPB MINUTESJ,
• POLICE PENSION BOARD MEETING
February 9, 2012
The regular meeting of the Englewood Police Pension Board was called to order by Chairperson
Norm Wood , at 3 :00 p.m. in the Public Works Conference Room , Civic Center, 1000 E nglewood
Parkway.
Members Present:
Members Absent:
Others Present:
A quorum was present.
Norm Wood , Chairperson
Gary Condreay, Employee Representative
Frank Gryglewicz, Director of Finance and Administrative Services
Randy Penn, Mayor
James Phelps , Council Appointee
George Egri , Employee Representative (with notice)
Daniel Brotzman, City Attorney
* * * * *
Seating of Norm Wood and Welcoming of Mayor Penn
• The Board congratulated Norm Wood on hi s reelection to the Police Officers Pension Board and
welcomed Mayor Penn to the Board.
•
Election of Board Chairperson/President
MR. GRYGLEWICZ MOVED TO NOMINATE NORM WOOD AS CHAIRPERSON.
MR.PHELPS SECONDED.
Ayes:
Nays:
Absent:
Abstention:
The motion carried.
Condreay, Gryglewicz, Penn , Phelps
None
Egri
Wood
Approval of August 4, 2011 Meeting Minutes.
MR. GRYGLEWICZ MOVED TO APPROVE THE MINUTES OF THE REGULAR MEETING OF
AUGUST 4, 2011. MR. PHELPS SECONDED.
Ayes:
Nays:
Absent:
Condreay, Gryglewicz, Phelps, Wood
None
Egri
•
•
Abstention: Penn
The motion carried.
Consideration of DROP Application for Gary Condreay
Gary Condreay is requesting participation in the Deferred Retirement Option Plan (DROP). Mr.
Condreay's final day of the DROP will be August 28 , 2016.
MR. GRYGLEWICZ MOVED TO APPROVE A MONTHLY DROP BENEFIT OF $4,927.95 FOR
GARY CONDREAY BEGINNING AUGUST 29, 2011. MAYOR PENN SECONDED.
Ayes:
Nays:
Absent:
Abstention:
The motion carried.
Gryglewicz, Penn, Phelps, Wood
None
Egr i
Condreay
Review of FPPA Plan Statements.
Chairperson Wood reviewed the quarterly statements from the Fire and Police Pension Association
(FPPA). The year-end statements have not been received. The Board agreed that when the year-end
statements arrive , the copies will be sent to the Board and will determine if a special meeting is
necessary .
Chairperson Wood requested that FPPA explain the need for a revised August statement from the
June 30 , 2011 statement since the numbers appear to be the same as on the original June 30 statement.
Consideration of Studies to be included with the January l, 2012 Actuarial Report
The Board agreed to not request additional studies given the current funding status of the Plan .
Approval of Internal Revenue Service required Plan amendments
The Board reviewed the Plan amendments required by the IRS .
MR. GRYGLEWICZ MOVED TO APPROVE THE PLAN AMENDMENTS REQUIRED BY THE
IRS THAT ARE RELATED TO MILITARY LEAVE. MR. CONDREAY SECONDED.
Ayes:
Nays:
Absent:
Condreay, Gryglewicz, Penn , Phelps, Wood
None
Egri
• The motion carried.
Police Officers Pension Board
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• Consideration of Cancelling May Meeting Making the Next Meeting August 9, 2012
•
•
The next regular meeting is scheduled for May 10, 2012 , if needed; otherwise, the Board will not
meet again until August 9, 2012.
MR. PHELPS MOVED TO CANCEL THE MAY BOARD MEETING. MR. GRYGLEWICZ
SECONDED.
Ayes :
Nays:
Absent:
The motion carried
Member's Choice
Condreay, Gryglewicz, Penn, Phelps , Wood
None
Egri
No items were discussed.
MR . PHELPS MOVED TO ADJOURN. MR. GRYGLEWICZ SECONDED.
Ayes :
Nays :
Absent:
The motion carried
Condreay, Gryglewicz, Penn, Phelps , Wood
None
Egri
The meeting adjourned at 3 : 16 p .m .
Carol Wescoat
Recording Secretary
3
Police Officers Pension Board