HomeMy WebLinkAbout2009-02-12 POPB MINUTESPOLICE PENSION BOARD MEETING
February 12 , 2009
The regu lar meeting of the Englewood Police Pension Board was called to order by
Chairperson Norm Wood, at 3:02 p.m . in Public Works Conference Room, Civic Center,
1000 Englewood Parkway.
Members Present:
Members Absent:
Others Present:
Norm Wood , Chairperson
Frank Gryglewicz, Director of Finance and Administrative Services
Gary Condreay , Employee Representative
George Egri , Employee Representative
James Phelps, Council Appointee
Jim Woodward, Mayor
None
None
A quorum was present.
* * * * *
Seating of Board Members Norm Wood.
The Board congratulated Norm Wood on his re-election to the Police Officers Pension Board.
Election of Board Chairperson/President
MR. GRYGLEWICZ MOVED TO NOMINATE NORM WOOD AS CHAIRPERSON.
MR. PHELPS SECONDED.
Ayes:
Nays :
Absent:
Abstention:
The motion carried.
Approval of Minutes.
Condreay, Gryglewicz, Egri, Phelps, Woodward
None
None
Wood
MR. GRYGLEWICZ MOVED TO APPROVE THE MINUTES OF THE REGULAR
MEETING OF AUGUST 14 , 2008 AND THE TELEPHONE POLL OF AUGUST 28, 2008.
MR. PHELPS SECONDED.
Ayes:
Nays:
Condreay, Gryglewicz, Egri, Phelps, Wood, Woodward
None
Absent: None
The motion carried.
Review of FPP A Plan Statements.
The Mr. Gryglewicz reviewed the quarterly statements from the Fire and Police Pension
Association (FPPA). Mr. Phelps asked about the negative interest amounts on the
statements. Mr. Gryglewicz stated he would contact FPPA for an explanation.
FPP A Memo Regarding Impact of 2008 Investment Returns
Mr. Gryglewicz reviewed the memorandum from FPP A urging Boards to refrain from
making plan changes during the current economy downturn.
Review of 2008 attendance.
The board reviewed the attendance of the 2008 meetings.
MEMBER'S CHOICE
The next regular meeting is scheduled for May 14, 2009. It will be determined at a later elate
if there is a need for the May meeting.
MR. PHELPS MOVED TO ADJOURN. MR. EGRI SECONDED.
Ayes:
Nays:
Absent:
The motion carried.
Condreay, Gryglewicz, Egri, Phelps, Woodward, Wood
None
None
The meeting adjourned at 3 :25 p.m.
Carol Wescoat
Recording Secretary
2
Police Officers Pension Board