HomeMy WebLinkAbout2004-02-12 POPB MINUTES'
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POLICE PENSION BOARD MEETING
February 12, 2004
The regular meeting of the Englewood Police Pension Board was called to order by Board
Member Norm Wood, at 3:05 p.m. in City Council Conference Room, Civic Center, 1000
Englewood Parkway.
Members Present:
Members Absent:
Others Present:
Norm Wood, Chairperson
George Egri, Employee Representative
James Phelps , Council Appointee
Frank Gryglewicz , Director of Finance and Administrative Services
Douglas Garrett, Mayor
Ralph "Rick" Forbes, Employee Representative (Notice)
Dan Brotzman , City Attorney
A quorum was present.
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SEATING OF BOARD MEMBER
Seating of Board Members, Mayor GaITett, George Egri.
The Board welcomed Mayor GaITett, and congratulated Mr. Egri on his election to the Police
Officers Pension Board.
Election of Board Chairperson/President
MR. PHELPS MOVED TO NOMINATE NORM WOOD AS CHAIRPERSON . MR.
GRYGLEWICZ SECONDED .
Ayes:
Nays:
Absent:
Abstention:
The motion carried.
GaITett, Egri, Gryglewicz, Phelps
None
Forbes
Wood
APPROVAL OF MINUTES
MR. GRYGLEWICZ MOVED TO APPROVE THE MINUTES OF THE REGULAR
MEETING OF NOVEMBER 13, 2003. MR. PHELPS SECONDED.
Ayes:
Nays :
Absent:
Abstention:
The motion canied.
OLD BUSINESS
Egri, Phelps , Gryglewicz, Wood
None
Forbes
Gan-ett
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No old business was discussed
NEW BUSINESS
Review of FPPA Plan Statements .
T he Board reviewed the quarterly and year end statements from the Fire and Police Pension
Association (FPPA).
The Board discussed FPPA's fund allocation and the lack of an appropriate benchmark for
the FPPA funds. Mr. Gryglewicz will research the fund 's alloc ation.
Review of 2003 meeting attendance
T he Board reviewed the 2003 meeting attendance and determined the attendance was
acceptable.
Discussion of 2004 Actuarial Proposed Plan Amendments
The Board discussed including a study to increase the retiree benefits with the 2004 actuarial
report.
Th e Board agreed to request two studies with the actu arial report to increas e retired member
benefits by $100 or $50 per month and one-half the amount for the survi vors effective
January 1, 2004 for members retired as of January 1, 2003.
Po li ce Office rs Pe nsio n B o ard
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MEMBER'S CHOICE
No items were discussed.
MR. PHELPS MOVED TO ADJOURN. MR. GRYGLEWICZ SECONDED .
Ayes:
Nays :
Absent:
The motion cmTied.
GaITett , Egri , Phelps, Gryglewicz , Wood
None
Forbes
The meeting adjourned at 3:21 p.m.
Carol Wescoat
Recording Secretary
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P o lic e Officers Pension Board