HomeMy WebLinkAbout1997-07-10 POPB MINUTESPOLICE PENSION BOARD MEETING
July 10 , 1997
A regular meeting of the Englewood Police Pension Board was called to order by Chairperson
Norm Wood, at 1 :45 p .m . in Conference Room A, City of Englewood City Hall , 3400 South
Elati Street.
Members Present:
Members Absent :
Others Present:
Norm Wood , Chairperson
James Phelps, Council Appointee
Frank Gryglewicz, Director of Financial Services
Gary Condreay, Employee Representative
Tom Burns, Mayor (with notice)
Ralph "Rick" Forbes, Employee Representative (with notice)
Patrick Landry, William M . Mercer, Inc .
Don Mazanec, William M . Mercer, Inc .
Carol Wesco at, Recording Secretary
A quorum was present.
* * * * *
SEATING OF BOARD MEMBER
Seating of re-elected Board member, Norm Wood
The Board congratulated Norm Wood on being re-elected to the Board.
Election of Board Chairperson/President
MR. GRYGLEWICZ NO MINA TED NORM WOOD AS CHAIRPERSON. MR. PHELPS
SECONDED .
Ayes :
Nays:
Absent :
Abstention :
The motion carried .
Phelps, Condreay, Gryglewicz
None
Burns, Forbes
Wood
APPROVAL OF MINUTES
MR. GR YGLEWICZ MOVED TO APPROVE THE MINUTES OF THE REGULAR
MEETING OF MAY 14, 1996, THE JOINT PENSION BOARD MEETINGS OF MAY 1,
1996 AND SEPTEMBER 9, 1996. MR. PHELPS SECONDED.
Ayes:
Nays:
Absent :
The motion carried.
OLD BUSINESS
Wood, Phelps, Condreay, Gryglewicz
None
Burns, Forbes
* * * * *
Review of Velma Brackeen Tague bankruptcy discharge .
The bankruptcy court has discharged Mrs. Tague's debt. No further action will be taken.
NEW BUSINESS
Review of 1996 meeting attendance.
The Board reviewed the 1996 meeting attendance and determined the information was correct
with no action necessary .
Discussion of 1997 actuarial fee schedule from William M . Mercer, Inc .
MR. GRYGLEWICZ MOVED TO ACCEPT THE WILLIAM M. MERCER, INC.,
PROPOSED 1997 ACTUARIAL FEES OF $3,200. MR. CONDREAY SECONDED .
Ayes:
Nays:
Absent:
The motion carried .
Wood, Phelps, Condreay, Gryglewicz
None
Burns, Forbes
Consideration of benefit for Joseph Helfer.
Officer Joseph Helfer has requested retirement benefit effective as of his termination date,
February 9, 1997. Officer Helfer had attained 25. 064 years of service credit on that date.
Police Officers Pension Board
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MR. GRYGLEWICZ MOVED TO APPROVE A MONTHLY RETIREMENT BENEFIT IN
THE AMOUNT OF $1,990.15, FOR JOSEPH HELFER EFFECTIVE FEBRUARY 10 , 1997 .
MR. CONDREAY SECONDED
Ayes:
Nays :
Absent :
The motion carried .
Wood, Phelps, Condreay, Gryglewicz
None
Bums, Forbes
Consideration of benefit for Allan Stanley .
Director of Safety Services Allan Stanley has requested retirement benefits effective as of his
termination date, June 30, 1997 . Director Stanley had attained 27 .797 years of service credit
on that date.
MR. GRYGLEWICZ MOVED TO APPROVE A MONTHLY RETIREMENT BENEFIT IN
THE AMOUNT OF $3,910 .92, FOR ALLAN STANLEY EFFECTIVE JULY 1, 1997 . MR.
CONDREAY SECONDED
Ayes :
Nays:
Absent :
The motion carried .
Wood, Phelps, Condreay, Gryglewicz
None
Bums, Forbes
Discussion of updating plan document for IRS compliance .
Mr. Mazanec stated because the deadline for IRS compliance is not until 1999 and there have
been efforts to postpone that date, it is not necessary to proceed with changes at this time.
Mr. Landry added that because of the Colorado State Statutes have changed to include
provision for Domestic Relations Orders, they are working on uniform language for all three
City plans.
MEMBERS CHOICE
William M . Mercer. Inc. January l. 1997. actuarial report .
Mr. Landry presented the January 1, 1997, actuarial report. Discussion ensued relating to
funding and future plan changes.
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The Board reviewed the 1997 Colorado Public Pension Conference and determined no
members would attend the September conference.
MR. PHELPS MOVED TO ADJOURN. MR. GR YGLEWICZ SECONDED.
Ayes :
Nays:
Absent :
The motion carried .
Wood, Phelps, Condreay, Gryglewicz
None
Burns, Forbes
The meeting adjourned at 2 :25 p.m.
Carol Wescoat
Recording Secretary
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Police Officers Pension Board