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HomeMy WebLinkAbout2016-08-11 FPB MINUTES) • • • FIREFIGHTERS PENSION BOARD MEETING August 11, 2016 The regular meeting of the Englewood Firefighters Pension Board was called to order by Chairperson Kieth Lockwood at 2:55 p.m. in the Public Works Conference Room of the Englewood Civic Center, I 000 Englewood Parkway. Members Present: Members Absent: Others Present: A quorum was present. John Garcilaso, Employee Representative Grayson Hartley, Secretary, Employee Representative Joe Jefferson , Mayor Kieth Lockwood, Chairperson, Employee Representative Kathleen Rinkel, Director of Finance and Administrative Services Carolyne Wilmoth, Council Appointee None Carol Wescoat, Recording Secretary Kerry Bush, Benefits/Risk Analyst * * * * * Approval of February 11, 2016 Regular Meeting Minutes MR . GARCILASO MOVED TO APPROVE THE FEBRUARY 11, 2016 MINUTES OF THE REGULAR BOARD MEETING. MR. HARTLEY SECONDED. Ayes: Nays: Absent: The motion carried. Garcilaso, Hartley , Jefferson, Lockwood, Rinkel, Wilmoth None None Review ofFPPA Volunteer and Firefighters Plan Statements The Board reviewed the FPPA statements for the first halfof the year. Review of the January I, 2016 Firefighters Actuarial Report Ms . Rinkel reviewed the Firefighters Pension Plan January I , 2016 actuarial report . She outlined the actuarial :assumptions changes that were made for the 2016 report. The required contribution for years 2017 and 2018 is $283,390, up from $222,800 for the prior two years. MR. HARTLEY MOVED TO ACCEPT THE JANUARY I , 2016 FIREFIGHTERS PENSION PLAN ACTUARIAL REPORT. MR. GARCILASO SECONDED . Ayes: Nays: Garcilaso, Hartley, Jefferson , Lockwood, Rinkel , Wilmoth None • • • Absent: None The motion carried. Notification of Richard Petau's end of DROP, April I, 2016 Richard Petau has discontinued participation in the DROP. His termination with the City of Denver fire department discontinues his DROP participation. He continues receiving monthly benefits from the Firefighters Pension Plan after his termination from Denver. Death Notification of Althea McLellan, Spousal Beneficiary of Donald McLellan, January 14, 2016 Althea McLellan, beneficiary, died on January 14, 2016. No further benefits are due after January. Death Notification of Arlen Becker (April 14, 2016) and Approval of One-time Death Benefit for the Named Beneficiary, Corey Becker Arlen Becker, died April 14, 2016. He did not have a surviving spouse. Mr. Becker name Corey Becker as the beneficiary for the onetime $500 death benefit. MS . WILMOTH MOVED TO APPROVE THE ONETIME $500 DEATH BENEFIT FOR COREY BECKER, THE BENFICIARY OF ARLEN BECKER . MR. GARCILASO SECONDED . Ayes: Nays: Absent: The motion carried. Garcilaso, Hartley , Jefferson , Lockwood, Rinkel , Wilmoth None None Mr. Garcilaso asked how Corey Becker (son) became the beneficiary. Ms. Wescoat explained that the Board had previously approved a beneficiary form so an unmarried retired firefighter may name a beneficiary for the onetime death benefit. Consideration of cancelling the November meeting making the next meeting February 9, 2017 The Board agreed that unless a matter needing immediate attention requires holding the November 2016 meeting, the next regular meeting will tentatively be February 9, 2017. Members' Choice Ms. Wilmoth thanked the Board and appreciated the learning experience. Ms. Wilmoth , as the citizen board member, also served on the Police and Fire Supplemental Disability Board. MR. GARCILASO MOVED TO ADJOURN. MS. WILMOTH SECONDED . Ayes: Nays: Garcilaso, Hartley, Jefferson, Lockwood, Rinkel , Wilmoth None Firefighters Pension Board Meeting 2 ... Absent: None • Meeting adjourned at 3 :07 p .rn . • • lbu~ WUk~ Carol Wescoat Recording Secretary Firefighters Pension Board Meeting 3