HomeMy WebLinkAbout1994-07-12 NEERB MINUTES'
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NON-EMERGENCY PENSION BOARD MEETING
July 12, 1994
A regular meeting of the Englewood Non-Emergency Pension Board was called to order
by Chairperson Richard Kahm, at 4:00 p .m. in George Perrin Room of the Englewood
Library, 3400 South Elati Street, Englewood, Colorado
Members Present:
Members Absent:
Others Present:
Richard Kahm, Chairperson
Gary Bowman, Council Appointee
LeRoy Davault, Council Appointee (arrived 4:02 p.m.)
Betty Goosman, Employee Representative
Jill Mees, Council Appointee
Frank Gryglewicz, Acting Director of Financial Services
Alfred F . Vormittag, Jr., Council Member
Donald Mazanec, William M. Mercer, Inc.
Dan Brotzman, Assistant City Attorney
Carol Wescoat, Recording Secretary
A quorum was present.
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Approval of Minutes
MR. GRYGLEWICZ MOVED TO APPROVE THE MINUTES OF THE REGULAR
MEETING OF APRIL 19, 1994 .
Ms . Goosman requested the minutes be amended to indic at e that she voted aye and the
absent members were Mees and Bowman.
MS . GODSMAN SECONDED AS AMENDED
Ayes:
Nays :
Absent:
The motion carried .
Kahm, Bowman, Da Vault, Goosman, Mees, Gryglewicz
None
Vormittag
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OLD BUSINESS
Charles Dale Upton Pension Request-Confinnation of Benefit Amount.
Chairperson Kahm explained Mr. Upton's request for benefit had been approved at the
April 19, 1994, meeting . Mr. Upton had not made a payment option selection at that time .
Mr. Upton has now made his selection .
MS . :MEES MOVED TO APPROVE THE CHARLES DALE UPTON'S LIFETIME
BENEFIT FOR $747.76 . MR. GRYGLEWICZ SECONDED.
Ayes:
Nays :
Absent:
The motion carried.
NEW BUSINESS
Kahm, Bowman, DaVault, Goosman, Mees, Gryglewicz
None
Vormittag
Colorado Public Pension Conference
Ms . Wescoat presented the infonnation on the Colorado Public Pension Conference,
September 12-13, 1994; in Keystone, Colorado .
Discussion followed related to the benefits of attending the conference and the Board's
lack of pension related training . The conference expense will be approximately $310. 00
per person.
MR. GRYGLEWICZ MOVED TO APPROVE PA Y:MENT OF THE CONFERENCE
ATTENDANCE EXPENSES FOR NO MORE THAN THREE OF THE BOARD
:MEMBERS . MS GODSMAN SECONDED .
Ayes :
Nays :
Absent :
The motion carried.
Kahm, Bowman, Da Vault, Goosman, Mees, Gryglewicz
None
Vormittag
Discontinuance of Benefit for Mrs . Jean Nickerson
Chairperson Kahm reviewed a letter to Mrs . Jean Nickerson . Mrs . Nickerson was the
beneficiary of Charles Nickerson . Mr. Nickerson's retirement payment option was Life
and Ten Years Certain, with the ten years of payments ending on May 31, 1994 .
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MR. GRYGLEWICZ MOVED TO DISCONTINUANCE BENEFICIARY PAYMENT
• TO JEAN NICKERSON AS OFMAY31, 1994. MS. MEES SECONDED.
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Ayes :
Nays :
Absent :
The motion carried .
Kahrn, Bowman, Davault, Goosman, Mees, Gryglewicz
None
Vormittag
Issues for City Council Presentation. September 6. 1994
The Board reviewed the draft for City Council and discussed the issues. Minor changes
and grammatical corrections were made to the draft.
MEMBERS CHOICE
Consideration of Benefit for Manual Alcantar
Chairperson Kahm explained that the Board had discussed the retirement of Manual
Alcantar at the January 1993, meeting . However, the Board had not formally approved
the benefit at the following meeting .
MS . MEES MOVED TO APPROVE MANUAL ALCANTAR'S BENEFIT OF
$1 ,635.06 FOR FIVE YEARS CERTAIN AND LIFE . MR. GRYGLEWICZ
SECONDED .
Ayes:
Nays :
Ab sen t:
The moti o arri e d.
1994 Actuarial Report
Kahrn, Bowman, DaVault, Goosman, Mees, Gryglewicz
None
Vormittag
Don Mazanec reviewed the final January 1, 1994, actuarial report. The Boston Company
had a better earnings year. Mr. Mazanec indicated unfunded liability should be reduced to
zero in during 1995 . At that time the contribution percentage level will be the normal
cost.
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William M . Mercer. Company Fees
Mr. Gryglewicz reviewed a hand out that contained the William M. Mercer, Company's
fees for the year to date.
Mr. Kahm adjourned the meeting at 4 :50 p .m.
~of?/;)~~
Carol Wescoat
Recording Secretary
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