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HomeMy WebLinkAbout2010-02-11 FPB MINUTES• FIREflGHTERS PENSION BO ARD MEETING Feb ruar y 11, 20 I 0 A reg ular mee tin g of the Eng lew oo d Firefighters Pension Board was called to order by Chairp ers on Kieth Lockwood at 4 :00 p.m . in the Public Work s Co nfer e nce Room of the Englewood C ivic Ce nter , I 000 Englewoo d Parkway. M e m be rs Pr ese nt: Members Absent: Othe rs Pr ese nt: A quorum was present. Kieth Lockwood , Chairpers on, Employee Re pr ese ntativ e J ohn Garcilaso , Empl oyee Representativ e Ja y Seay, Secretary , Empl oyee Re pr ese ntativ e Caro lyn e Wilmoth, Co uncil Appointee Jim Woodwa rd , May or frank Gry g lew ic z, Director of finance and Administrative Services (w ith notic e) Don and Marilyn Sey mour , Retired Volunteer Firefighter and Spouse Dan Brotzman , City Attorney * * * * * Seating of Re-elected Board Member. John Ga rcil aso and Co ngratulati on to Ma yo r Woodwar d. • The Board congratulated John Garcilaso on hi s ree le ct ion to the Firefighters Pension Board and Mayo r Woodward on hi s re e lec ti on to C it y Co uncil. • Elect ion of Board Chairp erso n/Pre s ident and Sec reta ry MR. SEAY NOMlNA TED KIETH LOCKWOOD CHAIRP ERSON /PRESID ENT. MR . GA RCILASO SECONDED. Ayes: Nays: Absent: Abstention: The moti o n carried. Ga rcila so Seay, Wilmoth , Woodward None Gryglewicz Lockwood MR . SEAY NOMINATED JOHN GARCILASO AS SECRETARY. MS. WILMOTH SECONDED. Ayes: Nays: Absent: A bs te nti on: The mot io n carried . fill.prova l of Minutes Lockwood , Seay, Wilmoth, Woodward None Gryglewicz Ga rcilaso MAYOR WOODWARD MOVED TO ACCEPT THE AUGUST 13 , 2009 MINUTES OF THE REGULAR BOARD ME ET ING . MS. WILMOTH SECONDED. Ayes: Nays: Absent: The motion carried. Lockwood, Garcilaso, Seay, Wi lm oth, Woodward None Gryg lewicz Review of FPPA Volunteer and Firefighters Plan Statements The Board reviewed the FPPA quarterly statements. Discussion of January 1, 20 I 0 Actuarial Studies for Firefighters Plan. The Board di sc ussed potential studies to be included with the 20 I 0 actuarial report. Ms. Wescoat informed the Board that FPPA had indicated that a st udy providing future projected contribution amounts wi II be included with the 20 l 0 report as one of the optional studies that are normally requested by the Board. MR. GARCILASO MOV ED APPROVE AN ADDITIONAL STUDY INCREASING THE MONTHLY MEMBER BENEFIT BY $100 AND THE SURVIVOR'S BENEFIT BY $50 AS OF JANUARY 201 l. MS. WILMOTH SECONDED. Ayes: Nays: Absent: The mot ion carried. Lockwood , Garcilaso, Seay, Wilmoth , Woodward None Gryglewicz Revi ew of 2009 Attendance The Board reviewed the attendance of the 2009 meetings . Notification of the death of Frank Wolf, retired firefighter Frank Wolf, retired firefighter, died August 20, 2009. He has no surviving spouse. No further benefit s are due after August 2009 . MR. GARC!LASO MOVED TO APPROVE THE FUNERAL BENEFIT OF $500 PAYABLE TO THE ESTATE OF FRANK WOLF . MAYOR WOODWARD SECONDED. Ayes: Nays : Absent: The motion carried . Lockwood, Garcilaso, Seay, Wilmoth, Woodward None Gryg lewicz Notification of the death of Gilbert Egg le sto n, retired volunteer firefighter Gilbert Egg le ston , retired volunteer firefighter, died January 20 , 2010 . He ha s no surviv in g spo use. No further benefits are due after January 2010 . Firelighters Pension Board Meeting 2 • • • • MS. WILMOTH MOVED TO APPROVE THE FUNERAL BENEFIT OF $500 PAY ABLE TO THE EST ATE OF GILBERT EGGLESTON. MR . GARCILASO SECONDED . Ayes: Nays: Absent: The motion carried Lockwood , Garcilaso , Seay , Wilmoth, Woodward None Gry g lewi cz Notification of the death of Ralph Sillivan , retired firefighter Ralph Sillivan , retired firefi g hter , died January 21 , 20 I 0. The surviving spouse is eligible to receive the greater of a be nefit of one-third of a first grade firefighter's salary at the time of his retirement and any additional increases provided by the plan ($2 ,156.73 X 33.33% = $718 .83) or 50% of the monthly amount ($1,526.68 X 50% = $763 .34) being received by the participant at the time of his death. The spousal benefit is $763.34 per month payable for life or until remarriage. MR . GARCILASO MOVED TO APPROVE A MONTHLY SURVIVOR'S BENEFIT OF $763 .34 BEGINNING FEBRUARY I , 20 I 0 AND THE FUNERAL BENEFIT OF $500 PAY ABLE TO THE MARY ELLEN SILLIVAN. MS. WILMOTH SECONDED. Ayes: Nays: Absent: Lockwood , Garcilaso , Sea y, Wilmoth , Woodward None Gryglewicz • The motion carried. • Members Choice Mayor Woodward inquired about receiving a death certificate for Gilbert Eggleston. Ms. Wescoat stated that because of privacy laws we confirm the documentation was received and not included the retiree 's personal information from the Board packets. The next regular meeting is scheduled for May 13, 2010, ifneeded; otherwise, the Board will not meet again until August 12 , 2010 . MR. SEAY MOVED TO ADJOURN . MR. GARCfLASO SECONDED. Ayes: Nays: Absent: The motion carried. Lockwood , Garcilaso Seay , Wilmoth, Woodward None Gryglewicz Meetin g adjourned at 4:25 p.m . Carol Wescoat Recording Secretary 3 Firefi g ht e rs Pe ns io n Goa rd Meet in g