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HomeMy WebLinkAbout1997-01-14 NEERB MINUTES• NON-EMERGENCY PENSION BOARD MEETING January 14 , 1997 A regular meeting of the Englewood Non-Emergency Pension Board was called to order by Chairperson Richard Kahm, at 4 :03 p .m. in Conference Room A of the Englewood City Hall , 3400 South Elati St reet, Englewood, Colorado . Members Present: Members Absent: Others Present : Richard Kahm, Chairperson Roberta Skrivan, Employee Representative Jill Mees, Council Appointee Frank Gryglewicz, Director of Financial Services Gary Bowman, Council Appointee LeRoy Da Vault, Council Appointee Alfred F . Vormittag, Jr., Council Member None Dan Brotzman, City Attorney Don Mazanec, William M . Mercer, Inc . Patrick Landry, William M . Mercer, Inc. Carol Wescoat, Recording Secretary • A quorum was present. • * * * * * Approval of Minutes MR. VORMITTAG MOVED TO APPROVE THE MINUTES OF THE REGULAR MEETING OF JULY 9 , 1996, THE JOINT BOARD MEETING OF SEPTEMBER 9 , 1996, AND THE OCTOBER 8, 1996 MEETING. MR. DA VAULT SECONDED. Ayes : Nays : Absent: The motion carried . OLD BUSINESS Kahm, Gryglewicz, Mees, Skrivan, Bowman, Da Vault, Vormittag None None * * * * * No old business was discussed . * * * * * NEW BUSINESS Discontinuance of benefit for the beneficiary of Edward Kelley. The retirement plan payout option selected by Edward Kelley provided for benefits to be payable for his lifetime or a minimum of 10 years certain. The payments began on September 1, 1986 . The final payments for the August benefit will be issued on August 30, 1996. No future benefits are due. MS. MEES MOVED TO APPROVE THE DISCONTINUANCE OF BENEFIT TO THE BENEFICIARY OF EDWARD KELLEY WITH THE LAST PAYMENT BEING MADE ON AUGUST 30, 1996. MR. DA VAULT SECONDED. Ayes: Nays: Absent : The motion carried. Kahm, Gryglewicz, Mees, Skrivan, Bowman, Da Vault, Vormittag None None Consideration of benefit request for Carolyne Boettger. Chairperson Kahm reviewed Carolyne Boettger' s request for early retirement benefit at the age of 55. Mrs. Boettger has elected the Five Year Certain Retirement Benefit. • MS . MEES MOVED TO APPROVE THE FIVE YEAR CERTAIN BENEFIT IN THE • AMOUNT OF $1,054 .30 FOR CAROLYNE BOETTER TO BE EFFECTIVE AUGUST 1, 1996 . MR. GRYGLEWICZ SECONDED. Ayes : Nays: Absent : The motion carried. Kahm, Bowman, Goosman, Mees, Gryglewicz, Da Vault, Vormittag None None Discontinuance of benefit for the beneficiary of Robert Maschka. The payout option Robert Maschka had selected at retirement provided benefits payable for his lifetime or a minimum of 10 years certain . The payments began on August 1, 1986. The final payment for the July benefit was issued on July 31, 1996 . No future benefits are due. MS. SKRIV AN MOVED TO APPROVE THE DISCONTINUANCE OF BENEFIT TO THE BENEFICIARY OF ROBERT MASCHKA WITH THE LAST PAYMENT BEING MADE ON JULY 31, 1996 . MR. VORMITTAG SECONDED . Ayes : Nays : Absent : Kahm, Gryglewicz, Mees, Skrivan, Bowman, Da Vault, Vormittag None None Non-Emergency Pension Board Meeting 2 • .• ..... , • • • The motion carried . Discontinuance of benefit for Ernest Romans . Mr. Ernest P. Romans passed away on August 11, 1996. The payment option that Mr. Romans had elected at his retirement provided for a beneficiary payment for ten (10) years . This benefit expired in 1992, and no further payments are due after the August payment. MR. VORMITTAG MOVED TO APPROVE THE DISCONTINUANCE OF BENEFIT TO THE BENEFICIARY OF ROBERT MASCHKA WITH THE LAST PAYMENT BEING MADE ON AUGUST 31, 1996. MS. SKRIVAN SECONDED. Ayes : Nays : Absent: The motion carried . Kahm, Gryglewicz, Mees, Skrivan, Bowman, Da Vault, Vormittag None None Consideration of benefit request for John McGarvey. Chairperson Kahm reviewed John McGarvey's request for early retirement benefit at the age of 62 . Mr. McGarvey has elected the Ten Year Certain Retirement Benefit. MR. VORMITTAG MOVED TO APPROVE THE TEN YEAR CERTAIN BENEFIT IN THE AMOUNT OF $464 .03 FOR JOHN MC GARVEY TO BE EFFECTIVE OCTOBER 1, 1996 . MS SKRIVAN SECONDED. Ayes : Nays : Absent: The motion carried . Kahm, Bowman, Goosman, Mees, Gryglewicz, Da Vault, Vormittag None None Consideration of benefit request for LuAnne Mickelson . Chairperson Kahm reviewed LuAnne Mickelson's request for early retirement benefit at the age of 5 5 . Ms . Mickelson has elected the Five Year Certain Retirement Benefit. MS. SK.RIV AN MOVED TO APPROVE THE FIVE YEAR CERTAIN BENEFIT IN THE AMOUNT OF $278 .85 FOR LUANNE MICKELSON TO BE EFFECTIVE NOVEMBER 1, 1996. MR. VORMITTAG SECONDED . Ayes : Nays : Absent: Kahm, Bowman, Goosman, Mees, Gryglewicz, Da Vault, Vormittag None None Non-Emergency Pension Board Meeting 3 The motion carried. Consideration of benefit request for Verna Cole . Chairperson Kahm reviewed Verna Cole's request for early retirement benefit at the age of 59 . Mrs . Cole has elected the Fifty Percent Joint and Survivor Retirement Benefit. MR. GRYGLEWICZ MOVED TO APPROVE THE FIFTY PERCENT JOINT AND SURVIVOR BENEFIT IN THE AMOUNT OF $116 .27 FOR VERNA COLE TO BE EFFECTIVE NOVEMBER 1, 1996. MS. MEES SECONDED . Ayes : Nays : Absent: The motion carried. Kahm, Bowman, Goosman, Mees, Gryglewicz, Da Vault, Vormittag None None Consideration of benefit request for Helen Aragon . Chairperson Kahm reviewed Helen Aragon 's request for early retirement benefit at the age of 63 . Ms. Aragon has elected the Five Year Certain Retirement Benefit. MR. GRYGLEWICZ MOVED TO APPROVE THE FIVE YEAR CERTAIN BENEFIT IN THE AMOUNT OF $503 .62 FOR HELEN ARAGON TO BE EFFECTIVE DECEMBER 1, 1996. MS . SKRIV AN SECONDED . Ayes : Nays : Absent: The motion carried. Kahm, Bowman, Goosman, Mees , Gryglewicz, Da Vault , Vormittag None None Review of 1996 meeting attendance Chairperson Kahm read the Board 's attendance policy . Discussion followed indicating the information is accurate and no further action is necessary. * * * * * MEMBERS CHOICE Mr. Gryglewicz reviewed the letter from William M . Mercer, Inc., presenting the 1997 actuarial fee schedule . Non-Emergency Pension Board Meeting 4 '·. • • • • • • MR. GRYGLEWICZ MOVED TO ACCEPT THE 1997 FEE SCHEDULE OR $16,000.00, FROMWILLIAMM. MERCER, INC. MS . SKRIVAN SECONDED . Ayes: Nays: Absent: The motion carried . Kahm, Bowman, Goosman, Mees, Gryglewicz, Da Vault, Vonnittag None None Ms. Mees commented on the appropriateness of discussing fee-related issues with representatives from William M . Mercer, Inc., present. Discussion followed outlining the need to have questions answered by William M . Mercer, Inc ., and the circumstances that would require a closed session with Board members only in attendance. MR. VORMITTAG MOVED TO ADJOURN. MR. GRYGLEWICZ SECONDED. Ayes : Nays : Absent : The motion carried . Kahm, Bowman, Goosman, Mees, Gryglewicz, Da Vault, Vonnittag None None Mr. Kahm adjourned the meeting at 4 :25 p .m . Carol Wescoat Recording Secretary 5 Non-Emergency Pension Board Meetin g