HomeMy WebLinkAbout2001-04-12 FPB MINUTESFIREFIGHTERS PENSION BOARD MEETING
April 12 , 2001
A regular meeting of the Englewood Firefighters Pension Board was called to order by
Chairperson Ken Holland at 3 :00 p.m . in the Community Development Conference Room
of the Englewood Civic Center, l 000 Englewood Parkway.
Members Present :
Members Absent:
Others Present:
Ken Holland , Chairperson, Employee Representative
Michael Ballinger, Emp loyee Representative
Tom Burns , Mayor
Frank Gryglewicz, Director of Finance and Administrative Services
Jay Seay , Employee Representative
Gary Kasson , Council Appointee (Notice)
Dan Brotzman, City Attorney (arrived 3:10 p .m.)
Carol Wescoat, Recording Secretary
A quorum was present.
* * * * *
SEATING OF BOARD MEMBER
Seating of elected Board Member, Michael Ballinger
The Board congratulated Michael Ballinger on his re-election to the Board.
Election of Board Chairperson/President
MR. SEAY NOMINATED JOHN KENNETH HOLLAND AS
CHAIRPERSON/PRESIDENT. MR. BALLINGER SECONDED .
Ay es:
Nays:
Absent:
Abstention:
The motion carried.
Ballinger, Burns , Gryglewicz, Seay
None
Kasson
Holland
MR. BALLINGER NOMINATED JAY SEAY AS SECRETARY. MR. HOLLAND
SECONDED.
Ayes:
Nays:
Absent:
Abstention:
The motion carried.
Holland. Ballinger, Burns, Gryglewicz
None
Kasson
Seay
APPROVAL OF MINUTES
MR. GR YGLEWICZ MOVED TO ACCEPT THE MINUTES OF THE SPECIAL
PENSION BOARD MEETING OF AUGUST 16 , 2000. MR. SEAY SECONDED.
Ayes:
Nays :
Holland , Ballinger, Burns, Gryglewicz, Seay
None
Absent: Kasson
The motion carried.
* * * * *
OLD BUSINESS
No old business was discussed.
NEW BUSINESS
Review of FPPA Volunteer and Firefighters Plan Statements
Mr. Gryglewicz reviewed the FPP A statements. He noted that the funds for the year 2000 had
a loss of 3.44% and this was in line with what was happening in the stock market.
Ms. Wescoat reviewed a memo from Mr. Gryglewicz informing the Board that the City is not
required to make contributions, during the retro-active period , for the pmiicipants that took
advantage of the retro -active DROP . The City will commence contributions when the City 's
contributions held in reserve are depleted.
Mr. Brotzman arrived 3: l 0 p.m.
Consideration of DROP Benefit for Kieth Lockwood
Kieth Lockwood. was employed by the City of Englewood February 1, 1974. Mr. Lockwood
has request a Deferred Retirement Option Plan (DROP) retirement as of February 1, 2001. He
Firefighters Pe nsion Board Meeting
has the required twenty years of service credits and attained age 50 to qualify for retirement.
He elected a 50% Joint and Survivor pension benefit as of February 1, 2001 is $3,724.99 per
month.
MR. GRYGLEWICZ MOVED TO APPROVE THE 50 % JOINT AND SURVIVOR
DEFERRED RETIREMENT OPTON PLAN (DROP) RETIREMENT BENEFIT FOR
KIETH LOCKWOOD AS OF FEBRUARY 1, 2001, IN THE AMOUNT OF $3 ,724.99 PER
MONTH. MR. LOCKWOODS FINAL DATE OF EMPLOYMENT rs JANUARY 31 , 2006 .
MR. SEAY SECONDED.
Ayes:
Nays:
Absent:
The motion carried.
Holland, Ballinger, Burns, Gryglewicz, Seay
None
Kasson
Consideration of Survivor Benefit for Del McCarty's Spouse
Del McCarty, retired firefighter , passed away February 18, 2001. Mr. McCarty is
survived by his wife, Gladys McCarty .
MR. GRYGLEWICZ MOVED TO APPROVE THE SURVIVOR BENEFIT FOR GLADYS
MCCARTY IN THE AMOUNT OF $555 .30 PER MONTH EFFECTIVE MARCH 1, 2001
AND THE SUPPLEMENTAL DEATH BENEFIT OF $500. MAYOR BURNS SECONDED.
Ayes:
Nays :
Holland, Ballinger, Burns, Gryglewicz, Seay
None
Absent: Kasson
The motion carried.
Review of 2000 attendance
Chairperson Holland reviewed the 2000 attendance report.
Acknowledgement of retiree appreciation
Chairperson Holland read a letter of appreciation from Dave and Diane Miller. The letter
recognized the efforts by the Board to provide benefit increases.
* * * * *
Firefighters Pension Board Meeting
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MEMBERS CHOICE
Chairperson Holland stated that he had a request from Gary Kasson to consider holding
the regular meetings after 4:30 p.m.
Mayor Burns said that because he bas to be at the City for another regularly scheduled
meeting at 1 :30 p.m. on the date of the pension board meetings , he would prefer that the
time remain the same.
Mr. Gryglewicz commented that the Board has been meeting less frequently than
quarterly and because of term limits the Mayor will not be on the Board after November
the Board may want to postpone changing the time until later this year.
Chairperson Holland said Mr. Kasson· s term will be up at the end of the year and there
did not seem to be a need to change the schedule at this point in time.
Mr. Gryglewicz inquired about the Jon Seay matter. Mr. Brotzman said that the Court
had requested add iti onal briefs. This will delay a decision for a couple of months.
Mr. Ballinger asked about the Volunteers' actuarial report. Ms. Wesco at said it should be
completed in June and will be available at the July 12, 2001 meeting.
MR. SEAY MOVED TO ADJOURN. MR. BALLINGER SECONDED.
Ayes:
Nays:
Absent:
The motion carried.
Holland, Ballinger, Burns, Gryglewicz, Seay
None
Kasson
Meeting adjourned at 3 :25 p.m.
Carol Wescoat
Recording Secretary
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Firefighters Pension Board Meeting