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HomeMy WebLinkAbout2010-02-11 POPB MINUTES,. • • • POLICE PENSION BOARD MEETING February 11, 2010 The regular meeting of the Englewood Police Pension Board was called to order by Chairperson Norm Wood , at 3 :00 p .m. in Public Works Conference Room, Civic Center, 1000 Englewood Parkway. Members Present: Members Absent: Others Present: Norm Wood , Chairperson Gary Condreay, Employee Representative George Egri , Employee Representative James Phelps , Council Appointee Jim Woodward , Mayor Frank Gryglewicz , Director of Finance and Administrative Services (with notice) Dan Brotzman, City Attorney Carol Kasson A quorum was present. * * * * * Seating of Reelected Board Member George Egri and Congratulations to Mayor Jim Woodward The Board congratulated George E gri on his reelection to the Police Officers Pension Board and Mayor Woodward on hi s reelection to City Council. E lection of Board Chairperson/President MR. EGRI MOVED TO NOMINATE NORM WOOD AS CHAIRPERSON . MR.CONTREA Y SECONDED. Ayes: Nays: Absent: Abstention: The motion carried . Approval of Minutes . Condreay , Egri , Phelps, Woodward None Gryglewicz Wood MAYOR WOODWARD MOVED TO APPROVE THE MINUTES OF THE REGULAR MEETING OF AUGUST 13 , 2009 . MR. PHELPS SECONDED. Ayes: Nays : Absent: The motion carried. Condreay, Egri, Phelps, Wood, Woodward None Gryglewicz Review of FPP A Plan Statements. The Board reviewed the quarterly statements from the Fire and Police Pension Association (FPPA). Mr. Phelps asked about the negative interest amounts on the statements . Ms . Wescoat stated that Mr. Gryglewicz had contacted FPPA for an explanation and although she did not recall the explanation it was acceptable to Mr. Gryglewicz. Discussion of January l, 2010 Actuarial Studies for Police Officers Pension Plan. The Board discussed potential studies to be included with the 2010 actuarial report . Ms. Wescoat informed the Board that FPPA had indicated that a study providing future projected contribution amounts will be included with the 2010 report as one of the optional studies that are normally requested by the Board. MR. PHELPS MOVED APPROVE AN ADDITIONAL STUDY INCREASING THE MONTHLY MEMBER BENEFIT BY $100 AND THE SURVIVOR'S BE N EFIT BY $50 AS OF JANUARY 2011. MR. E GRI SECONDED. Ayes : Nays: Absent: The motion carried Condreay, Egri , Phelps , Wood , Woodward None Gryglewicz Consideration of benefit for Gertrud Goetz, surviving spouse of C.R. Goetz C R Goetz , retiree , died September 10 , 2009. MR. PHELPS MOVED TO APPROVE THE MONTHLY SURVIVORS BENEFIT FOR GERTRUDE. GOETZ OF $601.32 BEGINNING OCTOBER 1, 2009 . MR CONDREAY SECONDED. Ayes : Nays: Absent: Condreay , Egri , Phelps, Wood , Woodward None Gryglewicz 2 Police Officers Pension Board .. • • • , ... • • • The motion carried Notification of Remarriage of Carol Kasson and Consideration of declaration of Invalidity of Marriage. Carol Kasson, surviving spouse of L. Gary Kasson, notified the Board of her September 24, 2009 marriage. Ms. Kasson has requested reinstatement of benefit. She provided the Board with court document for consideration. The document is a Declaration of Invalidity of Marriage. Mr. Brotzman stated the Court have said there was no marriage, but the Board does not have to say there was not a marriage and may determine if there was by terms of the Plan document. The Board discussed the Plan language as it relates to the Court document. The recessed at 3 :30 p.m. for an Executive session to obtain legal advise and reconvened at 3:40 p.m. MAYOR WOODWARD MOVED TO APPROVE REINSTATING THE $513.02 MONTHLY SURVIVOR'S BENEFIT FOR CAROL KASSON AS OF OCTOBER 1, 2009. MR. PHELPS SECONDED . Discussion ensued regarding evaluating any future cases requesting reinstatement of survivor spousal benefits and determine the eligibility of each based on individual circumstances. Ayes: Nays: Absent: The motion carried Condreay, Egri, Phelps, Wood, Woodward None Gryglewicz Carol Kasson left 3 :45 p.m. Review of 2009 attendance. The Board reviewed the attendance of the 2009 meetings . MEMBER'S CHOICE The next regular meeting is scheduled for May 13, 2010, if needed; otherwise, the Board will not meet again until August 12 , 2010 . Police Officers Pension Board 3 MR. PHELPS MOVED TO ADJOURN . MR. CONDREAY SECONDED . Ayes : Nays : Absent: The motion carried Condreay, Egri , Phelps , Wood , Woodward None Gryglewicz The meeting adjourned at 3:50 p .m. Ccut>-fw~~ Carol Wescoat Recording Secretary 4 Police Officers Pension Board ' .. ~ • • •