HomeMy WebLinkAbout2003-07-10 FPB MINUTESFfREFIGHTERS PE SIO BOARD MEETING
July I 0, 2003
A regular meeting of the E nglewood Firefighters Pension Board was ca ll ed to order by
C h ai rperso n Jay Seay at 4:05 p.m. in the Public Works Co nference Room of the Englewood
C iv ic Cente r, 1000 E nglewood Parkway.
Members Present:
Members Absent:
Others Present:
A quorum was present.
AP PROV AL OF MINUTES
Jay Seay, Chairperson, Emp lo yee R epresentative
Michae l Ballinger, Employee Representative
Frank Gryglewic z, Director of Fi nance and Admi ni strative Serv ice s
Gary Kasson , Counc il Appointee (arrived 4: 15 p.m.)
Kieth Lockwood, Employee Representative
Bev Bradshaw, Mayor
None
Don Seymour, Retired Vo lunteer Firefighter and Marilyn Seymour
Dan Brotzman , City Attorney
Carol Wescoat, Recording Secretary
* * * * *
MAYOR BRADSHAW MOVED TO ACCEPT THE MINUTES OF THE PE SION
BOARD MEETING OF APRIL 10 , 2003. MR GRYGLEWICZ SECONDED.
Ayes:
Nays:
Abse nt:
T h e moti o n carried.
OLD BUSINESS
Seay, Ballinger, Bradshaw , Gryglewicz, Lockwood
No n e
Kasson
* * * * *
No old business was discussed.
NEW BUSINESS
Review of U pdate DROP Forms to Permit Self-directed Investments.
The Board discussed the nece ss ary changes to the DROP fom1s to permit self-direction of the
DROP funds .
MR. GR YGLEWICZ MOVED TO APPROVE THE DROP FORM CHANGES TO PERMIT
PARTICIPANTS TO SELF-DIRECT DROP FUND INVESTMENTS . MAYOR BRADSHAW
SECONDED.
Ayes:
Nays:
Absent:
The motion canied.
Seay, Ballinger, Bradshaw , Lockwood, Gryglewicz
None
Kasson
Review of January 1, 2003 Volunteer Firefighters Actuarial Report.
Mr. Gryglewicz presented the January 1, 2003 Volunteer Firefighters Actuarial Report.
MR. GRYGLEWICZ MOVED TO ACCEPT THE JANUARY 1, 2003 VOLUNTEER
FIREFIGHTERS ACTUARIAL REPORT. MR. LOCKWOOD SECONDED.
Ayes:
Nays:
Absent:
The motion carried.
Seay, Ballinger, Bradshaw, Lockwood, Gryglewicz
None
Kasson
Review ofFPPA Volunteer and Firefighters Plan Statements
Mr. Gryglewicz reviewed the FPPA statements.
Mr. Kasson arrived at 4: 15 p.m.
Mr. Kasson asked about Fire and Police Pension Association (FPPA) fund changes that were
listed in an article that he read recently. Mr. Gryglewicz said they would try to obtain additional
information on the fund changes.
Consideration of Volunteer Firefighters Survivor Benefit for Spouse of George Jones.
George Jones, retired firefighter passed away May 29, 2003. George is survived by his spouse,
Grace Jones .
MAYOR BRADSHAW MOVED TO APPROVE A MONTHLY SURVIVORS BENEFIT FOR
GRACE JONES OF $430.31 COMMENCING JUNE 2003 AND A ONE TIME DEATH
BENEFIT OF SS00.00 . MR. GRYGLEWICZ SECONDED .
Ayes:
Nays:
Absent:
The motion carried.
Seay, Ballinger, Bradshaw , Gryglewicz, Kasson , Lockwood
None
None
Firefighters Pension Boa rd Meeting
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Notification of Death of Marion Boh.
Marion Boh , survivor of E ld e n B o h , died on May 27, 2003. No funher ben e fit is paya ble.
* * * * *
M EMBERS CHOICE
Mayor Brad shaw m e nti o ned a phon e call she received from Mrs. Edie Gammit. Mrs.
Gammit had been receiving survivor benefits from FPPA's statewide plan until she
remaITied. Mrs. Gamm it 's rnaniage made he r ineligible for benefits from the statewide plan.
She has received an annulment of the maniage and reque s ted FPPA resume benefits. The
reque s t was denied. Mayo r Bradshaw stated that thi s was not a matter for the Board to
consider, but wanted the Board to be aware of the matter.
Mr. Lockwood had overheard concerns from the firefighters that the DROP was draining the
C ity fund s unnecessarily. He stated that he attempts to eliminate the misinformation wh e n
p oss ible , but it is not a lways po ss ible to participate in the conversations.
Ms. Wescoat asked to the Board to consider changing the regular qua11erly meeting date
from the first month of the quarter to the second month of the quarter. Changing the meeting
date would pro v ide th e Board with more current financial information since the stateme nts
are received the la s t week of the fir st month of the quarter.
MR. LO C KWOOD MOVED TO C HANGE THE REGU LAR MEETINGS TO THE
S ECOND THURSDAY OF THE SECOND MONTH OF THE QUARTER. MR.
GRYGLEWICZ SECONDED.
Ayes:
Nays:
Absent:
The motion carried.
Seay, Ballinger, Bradshaw, Gryglewicz, Kasson, Lockwood
None
None
MR. LOCKWOOD MOVED TO ADJOURN. MR. GRYGLEWICZ SECONDED.
Ayes:
Nays:
Absent:
The motion canied.
Seay, Ballin ger, Bradshaw , Gryglewicz, Kasson , Lockwood
None
None
Meeting adjourned a t 4:38 p .m .
& of_ uJ £<)<: o-aY
C arol Wescoat
Recording Secretary
Firefighters Pension Board Meeting
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