HomeMy WebLinkAbout1995-04-27 POPB MINUTES•
•
•
POLICE PENSION BOARD MEETING
April 27, 1995
A regular meeting of the Englewood Police Pension Board was called to order by Chairperson
Norm Wood, at 1 :35 p .m . in Conference Room A of the City of Englewood City Hall, 3400
South Elati Street.
Members Present:
Members Absent:
Others Present:
A quorum was present.
Approval of Minutes
Norm Wood, Chairperson
James Phelps, Council Appointee
Frank Gryglewicz, Director of Financial Services
Gary Condreay, Employee Representative
Steven Knoll, Employee Representative (arrived 1:36 p.m.)
Tom Burns, Mayor
Dan Brotzman, City Attorney
Carol Wescoat, Recording Secretary
* * * * *
MR PHELPS MOVED TO APPROVE THE MINUTES OF THE REGULAR MEETING
OF JANUARY 12, 1995; THE SPECIAL MEETING OF MARCH 1, 1995; AND THE
JOINT BOARD MEETING OF FEBRUARY 6, 1995; MARCH 1, 1995; AND APRIL 4,
1995 . MR. CONDREAY SECONDED THE WITH CORRECTION ON THE FEBRUARY
6, 1995, CALL TO ORDER WAS DONE BY FRANK GRYGLEWICZ.
Ayes :
Nays :
Absent: Bums
The motion carried .
OLD BUSINESS
Wood, Phelps, Condreay, Gryglewicz, Knoll
None
* * * * *
Recovery of 20% Supplemental Disability Benefit for the Beneficiary of Grady Brackeen
Mr. Gryglewicz informed the Board that State Collection Agency has been unable to collect
any funds from Mrs . Tague. The agency has obtained a new address , work place, and
telephone number. The agency is ready to assign the collection of the funds to a private
agency .
NEW BUSINESS
Consideration of retirement benefit request by John Wing .
Chairperson Wood reviewed John Wing's request for retirement benefit effective as of April
30, 1995 .
MR. GRYGLEWICZ MOVED TO APPROVE MONTHLY BENEFITS OF $2,256 .1 O FOR
JOHN WING. MR. CONDREAY SECONDED .
Ayes:
Nays :
Absent: Burns
The motion carried .
Wood, Phelps, Condreay, Gryglewicz, Knoll
None
Notification of refund of interest payment to Allan Stanley .
Chairperson Wood notified the Board that Allan Stanley was reimbursed $418 .32, which was
the interest portion of the contribution paid .
Notification of payment to fund by Nessan. Knoll. Vandermee. and Condreay.
Chairperson Wood notified the Board the Douglas Nessan, Steven Knoll, Tom Vandermee, and
Gary Condreay had made payment in the appropriate amounts to reimburse the plan for the
contributions allowed to negotiated periods of credited service .
Presentation by William M. Mercer Inc .
Mr. Mazanec stated the data lists had been returned to the Board to review and make any
corrections . The valuations will be drafted and presented at a later date.
Chairperson Wood requested agenda items be taken out of order to discuss the status of The
Boston Company .
The Boston Company
Mr. Gryglewicz detailed the changes occurring in personnel at The Boston Company . The
telephone poll taken on April 25, 1995, authorized the letter of termination and proceeding with
an investment manager search.
2
, •
•
•
•
•
•
•
MR PHELPS MOVED TO APPROVE THE MINUTES OF THE TELEPHONE POLL OF
APRIL 25, 1995. MR CONDREAY SECONDED.
Ayes :
Nays:
Absent: Bums
The motion carried .
Wood, Phelps, Condreay, Gtyglewicz, Knoll
None
Presentation by Carol Wescoat of Public Retiree Benefits Conference .
Ms. Wescoat reviewed the Public Retirees Benefit Conference which she attended on the
Board's behalf. A copy of the final travel expense will be provided to the Board at the next
meeting.
MEMBERS CHOICE
IRS Letter of Determination
Mr. Phelps questioned the status of the IRS Letter of Determination . Mr. Mazanec
recommended obtaining a the letter of determination . However, because of upcoming changes
and requirements he suggested not proceeding until the plan has been updated to coincide with
the changes that will be required in either 1996 or 1998 . The Board tabled the proceeding with
obtaining a Letter of Determination .
MR. PHELPS MOVED TO ADJOURN. MR. GRYGLEWICZ SECONDED .
Ayes :
Nays :
Absent: Bums
The motion carried . .
Wood, Phelps, Condreay, Gtyglewicz, Knoll
None
The meeting adjourned at 2 :45 p.m.
Carol W escoat
Recording Secretary
3