HomeMy WebLinkAbout2001-11-01 FPB MINUTESFIREFIGHTERS PENSION BOARD MEETING
November 1, 2001
A regular meeting of the Englewood Firefighters Pension Board was called to order by
Chairperson Ken Holland at 4:01 p .m. in the Community Development Conference Room
of the Englewood Civic Center, 1000 Englewood Parkway.
Members Present:
Members Absent:
Others Present:
Ken Holland, Chairperson, Employee Representative
Michael Ballinger, Employee Representative
Tom Bums, Mayor
Frank Gryglewicz, Director of Finance and Administrative Services
Gary Kasson, Council Appointee
Jay Seay, Employee Representative (No notice)
Dan Brotzman, City Attorney (arrived 4:03 p .m .)
Carol Wescoat, Recording Secretary
A quorum was present.
* * * * *
APPROVAL OF MINUTES
MAYOR BURNS MOVED TO ACCEPT THE MINUTES OF THE SPECIAL
PENSION BOARD MEETING OF APRIL 12, 2001. MR. KASSON SECONDED.
Ayes:
Nays:
Absent:
The motion carried.
OLD BUSINESS
Holland, Ballinger, Bums, Gryglewicz, Kasson
None
Seay
* * * * *
Chairperson Holland informed the Board that there are to be final arguments on the Jon
Seay matter, November 8, 2001, Arapahoe County Court, Judge Levy will preside .
Mr. Brotzman arrived at 4:03 p.m.
NEW BUSINESS
Review of January 1, 2001 Volunteer Firefighters Actuarial Report
Mr. Gryglewicz reviewed FPPA's January 1, 2001 Volunteer Firefighters Actuarial Report.
The report included calculations providing possible benefit increases of $50 or $100 per
month benefit for retirees . A third calculation was included providing an increase of the
funeral benefit from $100 to $500.
Mr. Gryglewicz requested the FPP A Volunteers statement be reviewed . He compared the
current balance with the year end amount used for actuarial purposes. The market value of the
p Ian has decreased significantly since the first of the year. He recommended that the Board
postpone any increases.
The Board discussed pending litigation's possible affect on plan assets.
Mr. Gryglewicz reviewed all of the third quarter statements from FPP A.
MAYOR BURNS MOVED TO ACCEPT THE JANUARY 1, 2001 FPPA VOLUNTEER
FIREFIGHTERS ACTUARIAL REPORT. MR. KASSON SECONDED.
Ayes:
Nays :
Absent:
The motion carried.
Holland, Ballinger, Bums, Gryglewicz, Kasson
None
Seay
Consideration of DROP Benefit for David Lucius
David Lucius, was employed by the City of Englewood October 1, 1974 . Mr. Lucius has
requested a Deferred Retirement Option Plan (DROP) retirement as of September 1, 2001. He
has the required twenty years of service credits and attained age 50 to qualify for retirement.
He elected a 100% Joint and Survivor pension benefit as of September 1, 2001 , his benefit is
$2,658.56 per month.
MR. KASSON MOVED TO APPROVE THE 100 % JOINT AND SURVIVOR DEFERRED
RETIREMENT OPTON PLAN (DROP) RETIREMENT BENEFIT FOR DA YID LU CIUS
AS OF SEPTEMBER 1, 2001, IN THE AMOUNT OF $2,658.56 PER MONTH. MR.
LUCTIJS' FINAL DATE OF EMPLOYMENT IS OCTOBER 31, 2006. MR. GRYGLEWICZ
SECONDED .
Ayes: Holland, Ballinger, Bums, Gryglewicz, Kasson
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Nays: None
Absent: Seay
The motion carried.
Notification of Roy Young's death.
Roy Young, retired volunteer firefighter, passed away August 26, 2001.
MR. GRYGLEWICZ MOVED TO APPROVE THE FUNERAL BENEFIT PAY ABLE TO
THE EST ATE OF ROY YOUNG IN THE AMOUNT OF $100. MR. BALLINGER
SECONDED.
Ayes:
Nays:
Absent:
The motion carried.
Holland, Ballinger, Bums, Gryglewicz, Kasson
None
Seay
Notification of John Kenneth Holland's term expiration
Chairperson Holland's term will expire December 31 , 2001. The nomination and
election process will be completed before that date.
* * * * *
MEMBERS CHOICE
Chairperson Holland stated that this meeting was Mayor Bums' last . He thanked the
Mayor and recognized his contribution and expertise have been a great help to the Board.
Mayor B ums stated that he had enjoyed serving on the Board and recognized the
complete participation of the Board.
Mr. Kasson suggested providing a new Board member orientation for the Board. The
Board discussed possible information that should be presented.
Mr. Gryglewicz stated that he and Ms . Wescoat would work on a presentation .
Ms. Wescoat informed the Board that she and Mr. Gryglewicz would be unavailable to
meet in January. The Board agreed to cancel the meeting.
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The Board discussed changing the scheduled time of the meeting.
MAYOR BURNS MOVED TO CHANGE THE SCHEDULED Tllv1E OF THE
MEETINGS TO 4:00 P.M. MR. BALLINGER SECONDED .
Ayes:
Nays:
Absent:
The motion carried.
Holland, Ballinger, Bums, Gryglewicz, Kasson
None
Seay
MAYOR BURNS MOVED TO ADJOURN. MR. KASSON SECONDED.
Ayes:
Nays:
Absent:
The motion carried.
Holland, Ballinger, Bums, Gryglewicz, Kasson
None
Seay
Meeting adjourned at 4:50 p.m.
Carol Wescoat
Recording Secretary
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