HomeMy WebLinkAbout2010-08-12 FPB MINUTES•
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FfREFIGHTERS PENSION BOARD MEETING
August 12, 2010
A regular meeting of the Englewood Firefighters Pension Board was called to order by Chairperson Kieth
Lockwood at 4:00 p.m. in the Public Works Conference Room of the Englewood Civic Center, 1000
Englewood Parkway.
Members Present:
Members Absent:
Others Present:
A quorum was present.
Approval of Minutes
Kieth Lockwood, Chairperson, Employee Representative
Frank Gryglewicz, Director of Finance and Administrative Services
John Garcilaso , Employee Representative
Jay Seay, Secretary, Employee Representative
Carolyne Wilmoth, Council Appointee
Jim Woodward, Mayor
None
None
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MR . GRYGLEWICZ MOVED TO ACCEPT THE FEBRUARY 11 , 2010 MINUTES OF THE
REGULAR BOARD MEETING . MS . WILMOTH SECONDED.
Ayes:
Nays:
Absent:
The motion carried .
Lockwood , Garcilaso, Gryglewicz, Seay, Wilmoth, Woodward
None
None
Review of FPPA Volunteer and Firefighters Plan Statements
Mr. Gryglewicz reviewed the FPPA quaiterly statements.
The Board agreed to join the Police Officers Pension Board for a presentation by the FPPA
investment staff. The Board agreed to a possible date of November 10 to have FPPA present
their investment strategy.
Firefighters January l, 2010 Actuarial Report
Mr. Gryglewicz reviewed the January 1, 20 I 0 actuarial report. Discussion ensued regarding the changes
to state statutes that impact the report. The unfunded liability amo1tization period has been extended from
12 years to 20 years. Without this increased amo1tization period the annual required contribution would
have an even greater impact on the City's budget.
MR. GRYGLEWICZ MOVED TO APPROVE THE JANUARY 1, 2010 ACTUARIAL
REPORT. MR. GARCILASO SECONDED.
Ayes:
Nays:
Absent:
The motion carried.
Lockwood, Garcilaso, Gryglewicz, Seay, Wilmoth , Woodward
None
None
Notification of the death of Helen Homyak, survivor ofretired volunteer firefighter Howard Homyak
Helen Homyak, survivor of retired volunteer firefighter, Howard Homyak died June 1, 2010. No further
benefits are due after June 2010.
Notification of the death of Susie Schneider, survivor of retired firefighter Raymond Schneider
Susie Schneider, survivor of retired firefighter , Raymond Schneider died May 30, 2010. No further benefits
are due after June 2010.
Next Meeting is scheduled for the Veteran's Day Holiday, November 11, 2010
The Board agreed if FPPA is available for a presentation of their investment strategy with the Firefighters
Pension Board on November 10, 2010, a regular meeting will not be held.
Reminder terms expire for Kieth Lockwood on December 31, 2010 and Carolyne Wilmoth on January 31,
20i I.
Ms . Wescoat will conduct the usual Board nominations and election for the employee elected Board
member. She informed the Board that Mr. Brotzman has opined that an election is not necessary if the
Board receives only one qualified candidate to fill each vacant seat.
Members Choice
No action .
MR. GRYGLEWICZ MOVED TO ADJOURN. MS. WILMOTH SECONDED .
Ayes:
Nays:
Absent:
The motion carried.
Lockwood , Garcilaso , Gryglewicz, Seay, Wilmoth , Woodward
None
None
Meeting adjourned at 4 : 17 p.m.
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Carol Wescoat
Recording Secretary
Fire fighte rs Pen s ion Board Meeting
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