HomeMy WebLinkAbout2011-08-04 FPB MINUTESJ , : 1
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FIREFIGHTERS PENSION BOARD MEETING
August 4 , 2011
A regular meeting of the Englewood Firefi ghters Pension Board was called to order by Mr. Garcilaso at
3 :00 p.m. in the Public Works Conference Room of the Englewood Civic Center, 1000 Englewood
Parkway.
Members Present:
Members Absent:
Others Present:
A quorum was present.
John Garcilaso, Employee Representative
Frank Gryglewicz, Director of Finance and Administrative Services
Jay Seay, Secretary, Employee Representative
Carolyne Wilmoth, Council Appointee
Jim Woodward , Mayor
Kieth Lockwood , Chairperson , Employee Representative (no notice)
Don and Marilyn Seymour, Retired Volunteer Firefighter and Spouse
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Approval of Minutes of the February 10, 2011 Regular Meeting
MR. GRYGLEWICZ MOVED TO APPROVE THE FEBRUARY 10 , 2011 MINUTES OF THE
REGULAR BOARD MEETING. MS. SEAY SECONDED .
Ayes:
Nays:
Absent:
The motion carried.
Garcilaso , Gryglewicz, Seay, Wilmoth , Woodward
None
Lockwood
Review ofFPPA Volunteer and Firefighters Plan Statements
The Board reviewed the FPPA April 30 , 2011 and June 30, 2011 quarterly statements . The Board discussed
FPPA 's changes to the actuarial assumptions and their possible impact on Plan funding requirements.
FPPA January l, 2011 Volunteer Firefighters Actuarial Report
The Board reviewed the January 1, 2011 Volunteer Firefighters Actuarial Report. The required
contribution from the City for 2012 and 2013 is $6 ,320.
MR. GRYGLEWICZ MOVED TO ACCEPT THE JANUARY 1, 2011 VOLUNTEER FIREFIGHTER
ACTUARIAL REPORT. MS . GARCILASO SECONDED.
Ayes:
Nays:
Absent:
The motion carried .
Garcilaso , Gryglewicz, Seay, Wilmoth, Woodward
None
Lockwood
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• Notification of Death of Volunteer Survivor Shirley Wertin
Shirley Wertin, surviving spouse of Volunteer Firefighter Vincent Wertin, passed away on March 5, 2011. No further
benefits are due after the March 31 , 2011 payment.
Notification of Death of Volunteer Survivor Pearl Higginson
Pearl Higginson, surviving spouse of Volunteer Firefighter Harry Higginson , passed away on February 2, 2011.
No further benefits are due after the February 28 , 2011 payment.
Notification of DROP Application for Richard Petau
Richard Petau has submitted his application to enter the Deferred Retirement Option Plan (DROP) as of
September 19, 2011. Mr. Petau has not finalized his paperwork. The benefit request will be approved at
the next regular Board meeting.
November 10, 2011 Meeting -Furlough Day
The next quarterly Board meeting is scheduled for November 10, 2011 . November 10 is a schedu led
furlough day for City employees . The Board agreed to cancel the meeting . If items occur that require the
Board's immediate attention , a special meeting will be scheduled.
• Members Choice
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Mayor Woodward stated that his term as Mayor will end after the November elections and said it had
been a pleasure to be on the Board .
Mr. Gryglewicz explained that Mary Brauer, the Plan 's attorney, has notified the Board of a required
change to the Plan document that must be comp leted before year end .
MR. GRYGLEWICZ MOVED TO APPROVE THE PLAN AMENDMENT TO ADD THE
VERBIAGE PERMITTING DIRECT ROLLOVER OF A LUMP SUM TO A ROTH IRA. MR.
SEAY SECONDED.
Ayes :
Nays:
Absent:
The motion carried.
Garcilaso, Gryglewicz, Seay, Wilmoth , Woodward
None
Lockwood
Mr. Seay's term on the Board expires on December 31 , 2011 . The Retirement Adm inistrator will hold an
election through the usual processes to fill the vacancy .
Ms. Wescoat informed the Board of City Attorney Brotzman's opinion that ifthere is only one qualified
candidate, an election is not required and the qualified candidate can be appointed to the vacant Board
position .
The Board reviewed a letter received from Loretta Osteen and the staffs response .
Firefi ghters Pen sion Board Meetin g
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MS. WILMOTH MOVED TO ADJOURN. MR. GRYGLEWJCZ SECONDED .
Ayes:
Nays:
Absent:
The motion carried .
Garcilaso, Gryglewicz, Seay, Wilmoth, Woodward
None
Lockwood
Meeting adjourned at 3:30 p.m.
~~Wf0c~
Carol Wescoat
Recording Secretary
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Firefighters Pension Board Meeting