HomeMy WebLinkAbout2006-08-10 POPB MINUTESPOLICE PENSION BOARD MEETING
August 10, 2006
The regular meeting of the Englewood Police Pension Board was called to order by
Chairperson Norm Wood, at 3:01 p.m. in Public Works Conference Room, Civic Center,
1000 Englewood Parkway.
Members Present:
Members Absent:
Others Present:
A quorum was present.
APPROVAL OF MINUTES
Nom1 Wood, Chairperson
Frank Gryglewicz, Director of Finance and Administrative Services
John Knoth, Employee Representative
James Phelps, Council Appointee
Olga Wolosyn, Mayor
George Egri, Employee Representative (with notice)
Dan Brotzman, City Attorney
* * * * *
MR. GRYGLEWICZ MOVED TO APPROVE THE MINUTES OF THE REGULAR
MEETING OF FEBRUARY 9, 2006. MR. PHELPS SECONDED.
Ayes :
Nays:
Absent:
Abstention:
The motion canied.
OLD BUSINESS
Gryglewicz, Phelps, Wood, Wolosyn
None
Egri
Knoth
* * * * *
No old business was discussed
NEW BUSINESS
Review ofFPPA Plan Statements .
The Board reviewed the quarterly statements from the Fire and Police Pension Association
(FPPA).
Discussion regarding the increased FPP A fees beginning in 2005 from one-third of a percent
to one-half. The Board agreed to research a formal clarification of the FPP A fees and pursue
either restricting increased fees or requiring appropriate notification to the Board.
Review of the January l, 2006 Actuarial Report.
Mr. Gryglewicz reviewed the January 1, 2006 actuarial report. The 2007 and 2008 total
required contribution is $439,853 each year. The report did not indicate the plan has
sufficient funding to permit a benefit increase for retirees.
MR. GRYGLEWICZ MOVED TO ACCEPT THE JANUARY 1, 2006 ACTUARIAL
REPORT. MR. PHELPS SECONDED.
Ayes:
Nays:
Gryglewicz, Knoth, Phelps, Wood, W olosyn
None
Absent: Egri
The motion
Notification of death of Leslie Crow.
Leslie Crow, retired police officer, died on March 12, 2006. Mr. Crow's spouse preceded
him in death. No further benefits are due after March 2006.
Board Notification of Board, Commission and Authority Appreciation Night, Monday,
August 28, 2006 at Centennial Park.
The Board was reminded of the Board, Commission and Authority Appreciation Night,
Monday, August 28, 2006 at Centennial Park at 6:00 p.m.
Mayor Wolosyn commented that she will be unable to attend and encouraged the other board
members to enjoy the celebration.
Notification of December Board Member Election.
Ms. Wesco at said that George Egri' s term expires December 31, 2006 and an election will be
done prior to that date to fill the vacancy.
MEMBER'S CHOICE
Police Officers Pension Board
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The Board agreed unless there were matters that required attention, there would be no meeting in
November.
MR. PHELPS MOVED TO ADJOURN. MAYOR WOLOSYN SECONDED.
Ayes:
Nays:
Absent:
The motion
Gryglewicz, Knoth, Phelps, Wood, W olosyn
None
Egri
The meeting adjourned at 3:33 p.m.
~cJ-f u/£-ck~
Carol Wescoat
Recording Secretary
Police Officers Pension Board
3