HomeMy WebLinkAbout1993-04-19 POPB MINUTES•
•
•
POLICE PENSION BOARD MEETING
April 19, 1993
A special meeting of the Englewood Police Pension Board was called to order by
Chairperson Norm Wood, at 4 :23 p .m . in Conference Room B of the City of Englewood
City Hall , 3400 South Elati Street.
Members Present :
Members Absent:
Others Present :
A quorum was present.
OLD BUSINESS
Norm Wood, Chairperson
Ralph Allen , Employee Representative
Dave Miller, Employee Representative
James Phelps, Council Appointee
Clyde Wiggins, Mayor
Lorraine Hayes, Director of Financial Services
None
Rick DeWitt, City Attorney,
Carol Wescoat, Recording Secretary
* * * * *
Disability Request from Sheryl Shicora
Ms. Shicora was notified of the Board's decision and has not responded . The issue will be
tabled until a request for hearing is received .
20% Supplemental Disability Benefit
Mr. DeWitt reviewed the 20% Supplemental Disability ordinance that is to be presented at
the City Council Study Session . Future funding of the 20% Supplemental Disability will be
put into the Health Selflnsurance Fund .
Ms . Hayes explained the accounting aspects of the ordinance .
Mr. DeWitt outlined the changes in the wording of the ordinance.
Mr. Wood questioned the wording of "permanent" as opposed to "totally permanently"
disabled in section 3-7-2, A.
Mr. DeWitt stated the term "permanently" is clarified in section 3-7-2, A.
Discussion ensued relating to the "New Hires" retirement age because their plan as a •
40l(a) makes them eligible to begin receiving benefits upon termination if vested . The plan
document for "New Hires" provides a normal retirement age of 55.
The board reviewed Council Bills No. 22 and 23 .
Ms. Hayes explained the difference between the funding methods for Police and
Firefighters benefit. The Firefighters currently have four people receiving benefits.
Set Date for Joint Pension Board Meeting
The meeting is tentatively scheduled for May 13 , 1993 , 3 :00 p .m ., to discuss the Boston
Company's investment performance .
Funding Levels
Mr. Wood stated an informal meeting of the membership was held and the majority of the
membership would be open to negotiating a contribution increase provided an increase of
benefit is proposed .
Ms. Hayes explained that if the plan document is to include a change in benefit, a vote of
the membership would be required .
Discussion ensued relating to who would be involved in the negotiating . Mr. DeWitt felt
the board should do the negotiating .
Ms. Hayes suggested a sub-committee consisting of Mr. Wood , Mr. Allen, Mr. Miller, and
herself to develop a proposal.
Discussion followed regarding proposed benefit changes . Mr. Wood pointed out the active
membership would be in favor of a benefit increase only for the members still contributing-
-not retirees .
Review oflssue Sheet for 4/19/93 Meeting with City Council
The board reviewed the Issue Sheet for the April 19 , 1993 , study session.
Mr. Wood will present the issues .
MR . ALLEN MOVED, AND MR . MILLER SECONDED, TO ADJOURN.
Ayes : Wood , Allen , Miller, Phelps, Wiggins , Hayes,
2
•
•
•
•
•
Nays :
Absent :
None
None
The meeting adjourned at 5:10 p .m .
ca~t <JW~
Recording Secretary
3