HomeMy WebLinkAbout2004-08-17 FPB MINUTES/
FIREFIGHTERS PENSION BOARD MEETING
August 17 , 2004
A regular meeting of the Englewood Firefighters Pension Board was called to order by
Chairperson Jay Seay at 4:00 p.m. in the City Council Conference Room of the Englewood
Civic Center, 1000 Englewood Parkway.
Members Present:
Members Absent:
Others Present:
A quorum was present.
Jay Seay, Chairperson , Employee Representative
Douglas Garrett, Mayor
Frank Gryglewicz, Director of Finance and Administrative Services
Stephen Hunt, Jr., Council Appointee (arrived 4 :04)
Kieth Lockwood, Employee Representative
Richard Petau, Employee Representative
None
Dan Brotzman , City Attorney
* * * * *
APPROVAL OF MINUTES
MR . GR YGLEWICZ MOVED TO ACCEPT THE MINUTES OF THE PENSION BOARD
MEETING OF FEBRUARY 12, 2004. MR. LOCKWOOD SECONDED.
Ayes:
Nays:
Absent:
The motion carried.
OLD BUSINESS
Gryglewicz , Garrett, Lockwood, Petau, Seay
None
Hunt
* * * * *
No old business was discussed.
NEW BUSINESS
Review of FPPA Volunteer and Firefighters Plan Statements
Mr. Gryglewicz reviewed the FPPA 2004 statements. He remarked that the three and five year
annualized returns are below the eight percent actuarial assumption that is used for the actuarial
reports.
Mr. Hunt arrived at 4:04 p.m.
The Board discussed the current market conditions.
Review of 2004 Actuarial Report
Mr. Gryglewicz presented the 2004 actuarial report. The Board discussed the increased
contributions necessary to maintain the fund.
Mr. Hunt inquired about the possibility of obtaining a report from FPPA that compares
their performance versus similar fund managers. Staff will research and provide the
Board with available information.
MR. GRYGLEWICZ MOVED TO ACCEPT THE JANUARY 1, 2004 ACTUARIAL REPORT.
MR. PETAU SECONDED.
Ayes:
Nays:
Absent:
The motion carried.
Seay, Gryglewicz, Garrett, Hunt, Lockwood, Petau
None
None
Consideration of benefit request from Carl Pollock.
Carl Pollock requested retirement benefits to commence upon his termination, February 22 , 2004.
MR. GRYGLEWICZ MOVED TO APPROVE A SINGLE LIFETIME BENEFIT OF $3,209.27
PER MONTH BEGINNING FEBRUARY 23, 2004 FOR CARL POLLOCK. MR. HUNT
SECONDED.
Ayes:
Nays:
Absent:
The motion carried.
Seay, Gryglewicz, Garrett, Hunt, Lockwood, Petau
None
None
Notification of death of Volunteer Firefighter Roger Miller
Roger Miller, retired Volunteer Firefighter passed away on July 19 , 2004 . Mr. Miller does not
have a survivor.
MR. GRYGLEWICZ MOVED TO APPROVE A $100 FUNERAL BENEFIT PAY ABLE TO
THE ESTATE OF ROGER MILLER. MR. LOCKWOOD SECONDED.
Ayes:
Nays:
Absent:
Seay, Gryglewicz, Garrett , Hunt, Lockwood, Petau
None
None
Firefi ghters Pen sion Board Meeting
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The motion carried.
Notification of death of Elaine Sovern
Elaine Sovern , survivor of Douglas Sovern , passed away on July 30, 2004. No further benefits are
due.
Letter to City of Sheridan
Mr. Brotzman reviewed a draft of the letter he is sending to the City of Sheridan (Sheridan).
Sheridan is requesting additional funds from Englewood to fund the retirement benefits for
Sheridan's volunteer firefighter , Jon Seay. Mr. Brotzman's letter states that Colorado Statutes
provide that the municipality from which a volunteer firefighter retires, is responsible for payment
of the volunteer 's pension.
The letter also refers to the 1993 agreement between Sheridan and Englewood providing a
transfer of funds for eligible volunteers. Mr. Seay was not included in this transfer. The letter
further outlines Mr. Seay's 1998 request for benefit from Englewood that was denied and the
decision was later upheld by the Courts .
Mr. Brotzman's letter states that it is the City of Englewood 's position that it has met its
obligation with respect to the Mutual Release and Settlement of 1993 and is not responsible for
monies requested to fund Jon Seay's retirement benefits.
* * * * *
MEMBERS CHOICE
The Board discussed the date for the next meeting. It is scheduled for November 11, 2004,
Veteran's Day. The Board agreed to schedule the meeting on November 18, 2004 at 4:00
p.m . The location will be determined at a later date.
MR. LOCKWOOD MOVED TO ADJOURN. MR. PET AU SECONDED.
Ayes:
Nays:
Absent:
The motion carried.
Seay, Gryglewicz , Garrett, Hunt, Lockwood, Petau
None
None
Meeting adjourned at 4 :40 p .m.
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Carol Wescoat
Recording Secretary
Firefighters Pension Board Meeting
3
FIREFIGHTERS PENSION BOARD MEETING
August 30, 2004
A telephone poll was done by the Recording Secretary for the Englewood Firefighters
Pension Board.
Mr. Walter John Jarrett, retired volunteer firefighter passed away on August 15, 2004 .
Mr. Jarrett did not have a surviving spouse. The Board is being asked to approve a
funeral benefit payment of $100 payable to his estate.
Members:
Ayes:
Nays:
Absent:
The motion carried.
Jay Seay, Chairperson, Employee Representative
Frank Gryglewicz, Director of Finance and Administrative Services
Stephen Hunt, Council Appointee
Douglas Garrett, Mayor
Kieth Lockwood , Employee Representative
Richard Petau, Employee Representative
Seay, Gryglewicz, Garrett, Hunt, Lockwood, Petau
None
None
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Carol Wescoat
Recording Secretary