HomeMy WebLinkAbout1999-06-15 FPB MINUTESFIREFIGHTERS PENSION BOARD SPECIAL MEETING
June 15, 1999
A special meeting of the Englewood Firefighters Pension Board was called to order by
Chairperson Ken Holland at 3 :55 p.m. in the City Attorney's office conference room of
the Englewood City Hall, 3400 South Elati Street.
Members Present :
Members Absent :
Others Present:
Ken Holland, Chairperson, Employee Representative
Tom Bums, Mayor
Michael Ballinger, Employee Representative
Gary Kasson , Council Appointee
Jay Seay, Employee Representative
Frank Gryglewicz, Director ofFinancial Services (notice)
Kieth Lockwood , Firefighter
Brian Bruns , Firefighter
Cindy Birley, Kutak Rock
Carol Wescoat, Recording Secretary
A quorum was present.
* * * * *
DISCUSSION OF PLAN DOCUMENT FINAL DRAFT
Ms . Birley reviewed the Plan document amendments . She clarified that the effective dates
of the DROP were set because FPPA will not administer the DROP until the Plan receives
a Letter for Determination from the IRS .
The Board discussed the amendments and made minor changes to the Plan document.
MAYOR BURNS MOVED TO APPROVE THE PROPOSED PLAN DOCUMENT
WITH TECHNICAL CHANGES AS NECESSARY. MR. BALLINGER SECONDED .
Ayes :
Nays :
Absent:
The motion carried .
Holland, Ballinger, Bums, Kasson, Seay
None
Gryglewicz
Ms. Birley outlined the options available regarding the filing for the IRS Letter of
Determination . She explained the complications that may occur because the Plan has not
filed for a Letter of Determination previously . The options are: l)The Board may file the
Plan through the usual process and provide the IRS with additional information stating
that the Plan had not previously filed for a Letter because the Plan followed Colorado
State Statutes. 2)The Board may submit a request for leniency by voluntarily complying
with audit rules and pay all fines due prior to filing for a Letter of Determination. 3)The
Board could not file for a Letter of Determination . Because FPPA will not administer the
DROP without a Letter of Determination, this is not an acceptable option.
l\1R. SEAY MOVED TO FILE FOR THE LETTER OF DETERMINATION
THROUGH THE NORMAL PROCESS WITH ADDITIONAL INFORMATION
OUTLINING THE REASONS FOR NOT FILING PREVIOUSLY. l\1R. KASSON
SECONDED .
Ayes :
Nays :
Absent:
The motion carried
Holland, Ballinger, Bums, Kasson, Seay
None
Gryglewicz
Mr. Kasson left 5 :00 p.m .
The Board discussed presenting the Plan document to the active members .
l\1R. SEAY MOVED TO ADJOURN. l\1R. BALLINGER SECONDED .
Ayes :
Nays :
Absent:
The motion carried
Holland, Ballinger, Bums, Kasson, Seay
None
Gryglewicz
Meeting adjourned at 5 :04 p.m .
~~w~
Carol Wescoat
Recording Secretary
Firefighters Pension Board Meeting
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