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HomeMy WebLinkAbout1993-10-12 NEERB MINUTES> I NON-EMERGENCY PENSION BOARD MEETING October 12, 1993 A regular meeting of the Englewood Non-Emergency Pension Board was called to order by Chairperson Richard Kahm, at 4:10 p.m. in Conference Room B of the Englewood City Hall, 3400 South Elati Street, Englewood, Colorado Members Present: Members Absent: Others Present: Richard Kahm, Chairperson Gary Bowman, Council Appointee Jill Mees, Council Appointee Orris Saunders, Council Member LeRoy Da Vault, Council Appointee Frank Gryglewicz, Acting Director of Financial Services Betty Goosman, Employee Representative Donald Mazanec, William M . Mercer, Inc. Carol Wescoat, Recording Secretary A quorum was present. * * * * * Approval of Minutes MR. BOWMAN MOVED, AND MR. DA VAULT SECONDED, TO APPROVE THE MINUTES OF THE REGULAR MEETING OF APRIL 13, 1993; AND THE JOINT BOARD MEETINGS OF MAY 13, 1993, JULY 21, 1993, AND SEPTEMBER 13, 1993. Ayes: Nays: Absent: The motion carried. Kahm, Bowman, Saunders, Mees, Da Vault, Gryglewicz None Goosman * * * * * OLD BUSINESS Status oflncrease in Benefits Mr. Gryglewicz presented a copy of the letter informing the retirees of the five percent (5%) increase, and a list of retirees receiving the benefit. He also indicated that the Board had received letters of appreciation from Florence Crossley and Vince Wertin . Discuss ion oflnvestment Managers Search Mr. Gryglewicz reminded the board members of the October 27th joint board meeting and suggested they contact him if there are any items that they would like to have researched prior to the meeting . NEW BUSINESS Bridging of Service Chairperson Kahm reviewed the memorandums pertaining to the bridging of service and asked be they be accepted into the record . The employees are : Employee Virginia Aultman Lynn Hargrove David Henderson Connie Janney-Travis Charles J. Kauffinann Cathy Miller Prior Service Dates 12/10/79-10/23/80 10/01/79-02/13/83 05/16/77-04/15/80 02/03/87-09/01/88 08/09/68-04/13/79 01120/84-08/09/85 Amount of Distribution None $916 .10 $711.88 None $2 ,611.15 None Mr. Mazanec will calculate the reduction of benefit amounts for Lynn Hargrove, David Henderson, and Charles Kauffinann . These employees received distributions upon their break in service and did not repay the distribution to the plan . Consideration of Benefits for Charles Fleming Mr. Gryglewicz stated that Charles Fleming, an employee on long term disability, is now age 65 and is eligible to receive disability retirement benefit. The plan has changed since Mr. Fleming originally began receiving his long term disability benefit in 1980 and therefore is eligible for the current disability retirement benefit of $680 . 77. 2 . ' } ' MR. DA VAULT MOVED, AND MS . :MEES SECONDED, TO APPROVE THE RETIRE:MENT BENEFIT OF $680 . 77 FOR CHARLES FLEMING TO BE EFFECTIVE NOVEMBER 1, 1993 . Ayes : Nays : Absent : The motion carried. Kahm, Bowman, Saunders, Mees, DaVault, Gryglewicz None Goosman James Haselgren amount of benefit reduction Mr. Gryglewicz reviewed the letter from William M. Mercer, Inc., regarding the benefit reduction calculation for James Haselgren. Mr. Gryglewicz explained that we had been unable to locate the record of payout for Mr. Haselgren. Mr. Haselgren provided copies of his records indicating the amount paid out ($1 ,730 .12 .) MS . :MEES MOVED, AND MR. DA VAULT SECONDED, TO APPROVE THE BENEFIT REDUCTION OF $122.33 PER MONTH FOR JA:MES HASELGREN. Ayes : Nays : Absent: The motion carried . Kahm, Bowman, Saunders, Mees, Davault, Gryglewicz None Goosman Discussion of Possible Benefits for Non-Vested Employees that may relocate after Police Dispatch transfers to Arapahoe County Mr. Gryglewicz presented a request by Roy Simmons, an employee who would be affected by the transfer of Police Dispatch to Arapahoe County. Mr. Simmons requested the Board allow an exception in the five year vesting period, as he would be short by a few months due to the transfer. The Board agreed not to make a decision on this matter until the transfer is made. Consideration of pension request for Lorraine Dickenson Mr. Gryglewicz presented a letter from Lorraine Dickenson requesting her retirement benefit. Ms. Dickenson is eligible under the rule of 88 . She has elected the benefit option of payment for her life and five years certain . 3 MS . :MEES MOVED, AND MR. SAUNDERS SECONDED, TO APPROVE THE RETIRE:MENT BENEFIT OF $787.80 FOR LORRAINE DICKENSON TO BE EFFECTIVE OCTOBER 1, 1993 . Ayes: Nays: Absent: The motion carried. :MEMBERS CHOICE 1993 Actuarial Report Kahrn, Bowman, Saunders, Mees, Da Vault, Gryglewicz None Goosman Mr. Mazanec reviewed the January 1, 1993 Actuarial Report. Mr. Davault left 5 :00 p.m. Mr. Kahm adjourned the meeting at 5 :05 p .m . Carol Wescoat Recording Secretary 4 , '