HomeMy WebLinkAbout2004-08-12 POPB MINUTESPOLICE PENSION BOARD MEETING
August 12, 2004
The regular meeting of the Englewood Police Pension Board was called to order by
Chairperson Norm Wood, at 3:15 p.m. in City Council Conference Room, Civic Center, 1000
Englewood Parkway .
Members Present:
Members Absent:
Others Present:
A quorum was present.
APPROVAL OF MINUTES
Norm Wood, Chairperson
George Egri, Employee Representative
Ralph "Rick" Forbes, Employee Representative
Frank Gryglewicz, Director of Finance and Administrative Services
James Phelps, Council Appointee
Douglas Garrett, Mayor (Notice)
Dan Brotzman, City Attorney
* * * * *
MR. PHELPS MOVED TO APPROVE THE MINUTES OF THE REGULAR MEETING
OF FEBRUARY 12, 2004. MR. GRYGLEWICZ SECONDED .
Ayes:
Nays:
Absent:
The motion carried.
OLD BUSINESS
Egri, Forbes Phelps, Gryglewicz , Wood
None
Garrett
* * * * *
No old business was discussed
NEW BUSINESS
Review of FPPA Plan Quarterly Statements.
The Board reviewed the quarterly statements from the Fire and Police Pension Association
(FPPA).
The Board discussed the fluctuation of the investments and projected earnings.
Review of 2004 Actuarial Report
The Board reviewed the January 1, 2004 actuarial report that included a study to increase the
retiree benefits. The Board discussed the substantial increase in the required contribution.
The report indicates that the increase in contribution is primarily due to investment losses
over the past three years.
MR. PHELPS MOVED TO ACCEPT THE JANUARY 1, 2004 ACTUARIAL REPORT.
MR. FORBES SECONDED.
Ayes :
Nays:
Absent:
The motion carried.
Egri, Forbes Phelps, Gryglewicz, Wood
None
Garrett
MEMBER'S CHOICE
Mr. Forbes term will expire on December 31, 2004 and an election will be done to fill the
vacancy.
The Board discussed skipping the November meeting unless an urgent matter requires a
meeting. The next meeting is scheduled for February 2005.
MR. PHELPS MOVED TO ADJOURN. MR. GR YGLEWICZ SECONDED.
Ayes:
Nays:
Absent:
The motion carried.
Egri, Forbes Phelps, Gryglewicz, Wood
None
Garrett
The meeting adjourned at 3:55 p.m.
Carol Wescoat
Recording Secretary
2
Police Officers Pension Board