HomeMy WebLinkAbout1994-04-19 NEERB MINUTES•
NON-EMERGENCY PENSION BOARD MEETING
April 19, 1994
A regular meeting of the Englewood Non-Emergency Pension Board was called to order
by Chairperson Richard Kahm, at 4 :04 p.m. in Conference Room A of the Englewood
City Hall, 3400 South Elati Street, Englewood, Colorado
Members Present:
Members Absent:
Others Present:
Richard Kahm, Chairperson
Betty Goosman, Employee Representative
Alfred F. Vormittag, Jr., Council Member
LeRoy Da Vault, Council Appointee
Frank Gryglewicz, Acting Director of Financial Services
Jill Mees, Council Appointee
Gary Bowman, Council Appointee
Donald Mazanec, William M. Mercer, Inc.
Carol Wescoat, Recording Secretary
A quorum was present.
• • • • •
Approval of Minutes
MR. DA VAULT MOVED TO APPROVE THE MINUTES OF THE REGULAR
MEETING OF OCTOBER 12, 1993~ AND THE JOINT BOARD MEETINGS OF
OCTOBER 27, 1993, AND APRIL 5, 1994. MR. GRYGLEWICZ SECONDED.
Ayes:
Nays:
Absent :
The motion carried .
OLD BUSINESS
Kahm, Vormittag, Da Vault, Goosman, Gryglewicz
None
Mees, Bowman
• ••••
Discussion of Investment Policy Guidelines
Mr. Gryglewicz stated he had given the recommended Investment Policy Guidelines
prepared by William M . Mercer, Inc., to the City Attorney. The City Attorney's response
• indicated the proposed guidelines did not violate State Statutes or the Municipal Code.
Discussion followed relating to the recommended changes to the investment policy.
MR. GRYGLEWICZ MOVED TO APPROVE THE INVESTMENT POLICY
GUIDELINES RECOMMENDED BY WILLIAM M . MERCER, INC., AND TO
EXECUTE THE INVESTMENT POLICY AT THE EARLIEST POSSIBLE DATE.
MS . GODSMAN SECONDED.
Ayes:
Nays:
Absent:
The motion carried .
NEW BUSINESS
Kahm, Vormittag, Da Vault, Goosman, Gryglewicz
None
Mees, Bowman
Consideration of Benefits for James Morrison
Chairperson Kahm reviewed James Morrison's request for an early retirement benefit at
age 59. Mr. Morrison has elected the 100% Joint and Survivor Retirement Benefit.
MR. GRYGLEWICZ MOVED TO APPROVE THE RETIREMENT BENEFIT OF
100% JOINT AND SURVIVOR BENEFIT IN THE AMOUNT OF $194.01 FOR
JAMES MORRISON TO BE EFFECTIVE MARCH 1, 1994 . MS. GODSMAN
SECONDED.
Ayes :
Nays :
Absent:
The motion carried.
Kahm, Bowman, Saunders;M:es ,_D.aVaUlt, Gryglewicz
None
pa.osman
Consideration of pension request for Patricia Crow
Chairperson Kahm reviewed Patricia Crow's request for a normal retirement benefit at age
65 . Ms. Crow has elected the 50% Joint and Survivor Retirement Benefit.
MR. GRYGLEWICZ MOVED TO APPROVE THE RETIREMENT BENEFIT OF 50%
JOINT AND SURVIVOR BENEFIT IN THE AMOUNT OF $1,068.70 FOR PATRICIA
CROW TO BE EFFECTIVE APRIL 1, 1994 . MS . GODSMAN SECONDED.
Ayes :
Nays:
Kahm, Vormittag, Davault, Goosman, Gryglewicz
None
2
•
•
••
•
•
Absent: Mees, Bowman
The motion carried.
Consideration of pension request for Charles Dale Upton
Chairperson Kahm reviewed Charles Dale Upton's request for a delayed retirement benefit
after age 65 . Mr. Upton has been out of town and unable to elect a payment option for
the retirement benefit. The payment option will be elected upon his return .
MR. GRYGLEWICZ MOVED TO APPROVE THE RETIREMENT BENEFIT FOR
CHARLES DALE UPTON TO BE EFFECTIVE APRIL 1, 1994 . MS . GODSMAN
SECONDED.
Ayes :
Nays :
Absent :
The motion carried .
MEMBERS CHOICE
Kahm, Vormittag, Da Vault, Goosman, Gryglewicz
None
Mees, Bowman
Mr. Gryglewicz thanked the Board for their cooperation during his service on the Board .
He also thanked Ms . Hayes for the opportunity to serve on the Board.
Mr. Kahm adjourned the meeting at 4 :33 p .m.
~~~~
Carol Wescoat
Recording Secretary
3