HomeMy WebLinkAbout2012-02-09 FPB MINUTES,, __
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FIREFIGHTERS PENSION BOARD MEETING
February 9 , 2012
A regular meeting of the Englewood Firefighters Pension Board was called to order by Chairperson Kieth
Lockwood at 4:00 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.
Kieth Lockwood , Chairperson , Employee Representative
John Garcilaso, Employee Representative
Frank Gryglewicz, Director of Finance and Administrative Services
Jay Seay, Secretary, Employee Representative
Randy Penn , Mayor
Carolyne Wilmoth , Council Appointee (with notice)
Daniel Brotzman, City Attorney
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Seating of Reelected Board Member, Jay Seay and Welcoming of Mayor Penn
The Board congratulated Jay Seay on his reelection to the Firefighters Pension Board and welcomed
Mayor Penn to the Board.
Election of Board Chairperson /President and Secretary
MR. GRYGLEWJCZ NO MINA TED KIETH CHAIRPERSON/PRESIDENT . MR. GARCILASO
SECONDED.
Ayes:
Nays:
Absent:
Abstention:
The motion carried.
Garcilaso , Gryglewicz, Penn , Seay
None
Wilmoth
Lockwood
MR. GRYGLEWICZ NOMINATED JAY SEAY SECRETARY. MR. GARCILASO SECONDED.
Ayes:
Nays:
Absent:
Abstention:
The motion carried .
Garcilaso , Gryglewicz, Lockwood , Penn
None
Wilmoth
Seay
Approval of Minutes of the August 4, 2011 Regular Meeting
MR. GRYGLEWICZ MOVED TO ACCEPT THE AUGUST 4 , 2011 MINUTES OF THE REGULAR •
BOARD MEETING. MR. GARCILASO SECONDED.
Ayes:
Nays:
Absent:
Abstention :
The motion carried.
Lockwood , Garcilaso, Gryglewicz, Seay
None
Wilmoth
Penn
Review of FPPA Volunteer and Firefighters Plan Statements
Mr. Gryglewicz explained that the year-end statements have not been received . Discussion ensued regarding
the other FPPA quarterly statements.
Consideration of Studies to be included with the January l, 2012 Firefighters Actuarial Report
The Board discussed the futility of having studies be included with the 2012 Firefighters actuarial report.
Given the current funding levels, the Board determined no studies will be done.
Consideration of Survivor's Benefit for Harlan Bucholz ' Beneficiary
Harlan Bucholz, firefighter retiree , died September 19 , 2011.
MR. GRYGLEWICZ MOVED TO APPROVE THE MONTHLY SURVIVOR 'S BENEFIT OF $845 .30
FOR THERESE BUCHOLZ BEGINNING OCTOBER 2011 AND THE $500 FUNERAL BENEFIT.
MR. GARCILASO SECONDED.
Ayes:
Nays:
Absent:
The motion carried.
Lockwood, Garcilaso , Gryglewicz, Penn , Seay
None
Wilmoth
Consideration of Survivor's Benefit for Patrick McCoy's Beneficiary
Patrick McCoy, firefighter retiree, died August 26 , 2011 .
MR. GRYGLEWICZ MOVED TO APPROVE THE MONTHLY SURVIVOR'S BENEFIT OF
$1 ,263.34 FOR MARY McCOY BEGINNING SEPTEMBER 2 011 AND THE $500 FUN ERAL
BENEFIT. MR. GARCILASO SECONDED.
Ayes :
Nays :
Absent:
Lockwood , Garcilaso , Gryglewicz, Penn , Seay
None
Wilmoth
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Firefi ght ers Pension Bo ard Meetin g
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The motion carried .
Notification of Death of Volunte er Survivor Anna Turner
Volunteer survivor, Anna T urner died Octobe r 3 , 2011. No further benefits are due after October 2011 .
Notification of Death of Kent Lizar and Approval of Funeral Benefit
Kent Li zar , firefighter retiree, died November 27 , 2011 . Mr. Lizar does not have a surviving spouse.
MR . GARCILASO MOVED TO APPROVE A $500 FUNERAL BENEFIT PAYABLE TO THE
E ST ATE OF KENT LIZAR. MAYOR PENN SECONDED.
Ayes:
Nays :
Absent:
Th e motion carried .
Lockwood, Garcilaso , Gryglewicz, Penn , Seay
None
Wilmoth
Consideration of DROP Application for Richard Petau
Richard Petau is requesting participation in the Deferred Retirement Option Plan (DROP). Mr. Petau 's
final day on the DROP will be September 18 , 2016.
MR. GRYGLEWICZ MOVED TO APPROVE A 50% JOJNT AND SURVIVOR MONTI-IL Y BENEFIT
OF $5 ,209.11 FOR RJCHARD PETAU BEGINNING SEPTEMBER 19 , 2011. MR. GARCILASO
SECONDED .
Ayes :
Nays :
Absent:
The motion carri e d.
Lockwood, Garcilaso, Gryglewicz, Penn, Seay
None
Wilmoth
Discussion of current status of Volunteer Firefighters Plan
The Board discussed researching an alternative to FPPA. There are currently two retired volunteers and
four surviving spouses receiving benefits. Staff will research the possibility of purchas ing annuities and
other potential programs that might minimize Plan cost and still allow fund growth. The funds with
FPPA are invested in the pool of assets that are long-term investments and may not be appropriate given
the demographics of the members and survivors .
Approval of Internal Revenue Service required Plan amendments
MR. GRYGLEWICZ MOVED TO APPROVE THE PLAN AMENDMENTS REQUIRED BY THE IRS
THAT ARE RELATED TO MILITARY LEAVE. MR. GARCILASO SECONDED.
F ire fi g hte rs P e ns ion Board M ee tin g
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Ayes:
Nays:
Absent:
The motion carried.
Lockwood, Garcilaso, Gryglewicz, Penn , Seay
None
Wilmoth
Consideration of cancelling May meeting making the next meeting August 9, 2012
The Board agreed the next regular meeting will be August 9 , 2012 unless a matter needing immediate
attention requires a May meeting.
Members Choice
No items were discussed.
MR. GRYGLE WICZ MOVED TO ADJOURN. MR. GARCILASO SECONDED .
Ayes :
Nays:
Absent:
The motion carried .
Lockwood , Garcilaso, Gryglewicz, Penn , Seay
None
Wilmoth
Meeting adjourned at 4:23 p.m .
Carol Wescoat
Recording Secretary
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Fire fig ht ers Pension Board Mee tin g
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