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HomeMy WebLinkAbout2003-01-09 FPB MINUTES- FIREFIGHTERS PENSION BOARD MEETING January 9, 2003 A regular meeting of the Englewood Firefighters Pension Board was called to order b y Board Member Frank Gryglewicz at 4:01 p.m . in the Public Works Conference Room of the Englewood Civic Center, 1000 Englewood Parkway. Members Present: Members Absent: Others Present: Jay Seay, Chairperson, Employee Representative Michael Ballinger, Employee Representative Frank Gryglewic z, Director of Finance and Administrative Services Gary Kasson, Council Appointee Bev Bradshaw, Mayor Ken Holland, Employee Representative (with notice) Dan Brotzman, City Attorney Carol Wescoat, Recording Secretary A quorum was present. * * * * * SEA TING OF BOARD MEMBER Seating of Jay Seay. The Board congratulated Jay Seay on his re-election to the Firefighters Pension Board. Election of Board Chairperson/President MR. GRYGLEWICZ NOMINATED JAY SEAY AS CHAIRPERSON/PRESIDENT. MR. BALLINGER SECONDED. Ayes: Nays: Absent: Abstention: The motion carried. Ballinger, Gryglewicz, Kasson, Bradshaw None Holland Seay MR. SEAY NOMINATED MICHAEL BALLINGER AS SECRETARY. MR. KASSON SECONDED. Ayes: Nays: Absent: Abstention: The motion canied. Seay, Gryglewicz, Kasson, Bradshaw None Holland Ballinger APPROVAL OF MINUTES MR. KASSON MOVED TO ACCEPT THE MINUTES OF THE PENSION BOARD MEETING OF JULY 11, 2002. MAYOR BRADSHAW SECONDED. Ayes: Nays: Absent: The motion canied. Seay, Ballinger, Bradshaw , Gryglewicz, Kasson None Holland MAYOR BRADSHAW MOVED TO ACCEPT THE MINUTES OF THE PENSION BOARD TELEPHONE POLL OF DECEMBER 13, 2002. MR. KASSON SECONDED. Ayes: Nays: Absent: The motion carried. OLD BUSINESS Seay, Ballinger, Bradshaw, Gryglewicz, Kasson None Holland * * * * * No old business was discussed. NEW BUSINESS Ken Holland's letter ofresignation. Mr. Holland is retiring on February 16, 2003 and is moving out of the state. MAYOR BRADSHAW MOVED TO ACCEPT MR. HOLLAND'S RESIGNATION WITH REGRETS. MR. GRYGLEWICZ SECONDED. Firefighters Pension Board Meeting 2 - J Ayes: Nays: Absent: The motion carried. Seay, Ballinger, Bradshaw, Gryglewicz, Kasson None None Consideration of Plan Document Amendment Four, Self-Di rection of DROP The Board reviewed the proposed ame ndment to permit participants in the Deferred Retirement Option Plan (DROP) to self-direct investments. MR. GRYGLEWICZ MOVED TO APPROVE THE PROPOSED AMENDMENT FOUR THAT PERMITS THE DEFERRED RETIREMENT OPTION PLAN PARTICIPANTS TO SELF-DIRECT INVESTMENTS. MAYOR BRADSHAW SECONDED. Ayes: Nays: Seay, Ballinger, Bradshaw, Gryglewic z, Kasson None Absent: None The motion carried. Notification of discontinuance of Jessie Hom's survivor benefit. Jessie Hom, surviving spouse of Donald Hom, passed away on October 26, 2002. No further benefits are payable. Review of FPPA Volunteer and Firefighters Plan Statements Mr. Gryglewicz reviewed the FPP A statements. Mr. Kasson inquired when the City may have to increase contributions to the plan. Mr. Gryglewicz stated the plan is currently well funded. Any increase in contributions would not begin until after the 2004 actuarial report. Discussion ensued regarding contribution levels. Notification of benefit request from Ken Holland. JohJ1 Kenneth Holland, has submitted his retirement request. Mr. Holland's last day of employment is February 26, 2003. Chairperson Seay stated that Mr. Holland has been an asset to the fire serv ic e and the Board. Firefighters Pension Board Meeting 3 * * * * * MEMBERS CHOICE Mayor Bradshaw wished the Board a Happy New Year and the hope that 2003 is a better year. Mr. Kasson asked if the Board had received any information from FPPA regarding the political turmoil that is happ e ning between the Governor, State Auditor and the FPPA Board members. Ms. Wescoat said the Board had not received any information , but suggested Mr. Kasson check the FPP A website for a public statements made by FPP A. MR. KASSON MOVED TO ADJOURN. MR. BALLINGER SECONDED. Ayes: Nays: Absent: The motion canied. Seay, Ballinger, Bradshaw, Kasson, Gryglewicz None None Meeting adjourned at 4 :2 0 p .m . ~ ~ U}h:JCtJ-4- Caro I W escoat Recording Secretary Firefighters Pension Board Meeting 4 !