HomeMy WebLinkAbout1995-01-10 NEERB MINUTESNON-EMERGENCY PENSION BOARD MEETING
January 10, 1995
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
Gary Bowman, Council Appointee
LeRoy Da Vault, Council Appointee
Betty Goosman, Employee Representative
Jill Mees, Council Appointee
Frank Gryglewicz, Director of Financial Services
Alfred F . Vormittag, Jr., Council Member
Carol Wescoat, Recording Secretary
A quorum was present.
* * * * *
Approval of Minutes
MS. MEES MOVED TO APPROVE THE MINUTES OF THE REGULAR MEETING
OF OCTOBER 11, 1994. MR GRYGLEWICZ SECONDED.
Ayes :
Nays :
Absent:
The motion carried .
Kahm, Bowman, Da Vault, Goosman, Mees, Gryglewicz
None
Vormittag
MR GRYGLEWICZ MOVED TO APPROVE THE MINUTES OF THE TELEPHONE
POLL OF NOVEMBER 9, 1994. MR. BOWMAN SECONDED.
Ayes:
Nays :
Absent:
The motion carried .
Kahm, Bowman, Da Vault , Goosman, Mees, Gryglewicz
None
Vormittag
* * * * *
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NEW BUSINESS
Consideration of pension request for Mildred Persons
Chairperson Kahm reviewed Mildred Persons' request for a normal retirement benefit at
age 701/i. Ms. Person has elected the Ten Years Certain and Lifetime Retirement Benefit.
MR. GRYGLEWICZ MOVED TO APPROVE THE TEN YEARS CERTAIN AND
LIFETIME BENEFIT IN THE AMOUNT OF $368.69 FOR MILDRED PERSONS TO
BE EFFECTIVE NOVEMBER 1, 1994 . MS . MEES SECONDED.
Ayes:
Nays :
Absent:
The motion carried.
Kahm, Bowman, Da Vault, Goosman, Mees, Gryglewicz
None
Vormittag
Consideration of pension request for Bernice J. Bates Wittig
Chairperson Kahm reviewed Bernice J. Bates Wittig' s request for a normal retirement
benefit at age 65 . Ms. Wittig's normal benefit is $13 .13 per month . The plan does not
provide for monthly payments of less than $100 per month. The actuaries have calculated
a lump sum benefit of $1,685.86.
MR. GRYGLEWICZ MOVED TO APPROVE THE LUMP SUM BENEFIT
PAYMENT IN THE AMOUNT OF $1,685.86 FOR BERNICE J. BATES WITTIG TO
BE EFFECTIVE JANUARY 1, 1995. MS. GODSMAN SECONDED.
Ayes:
Nays:
Absent:
The motion carried .
Kahm, Bowman, Da Vault, Goosman, Mees, Gryglewicz
None
Vormittag
Discontinuance of benefits to Gerald L. Austin
Gerald Austin died on November 28, 1994 . Mr. Austin began receiving payments July 1,
1984. He had elected the option of benefits for his lifetime or a minimum of 120 monthly
payments . Mr. Austin had received more than 120 monthly payments.
MR. GRYGLEWICZ MOVED TO DISCONTINUE BENEFITS TO GERALD L.
AUSTIN, TO BE EFFECTIVE DECEMBER 1, 1994. MS . MEES SECONDED.
Ayes :
Nays:
Absent:
Kahm, Bowman, Da Vault, Goosman, Mees, Gryglewicz
None
Vormittag
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The motion carried.
Discussion of request for actuaries formal proposal
Mr. Gryglewicz reviewed the proposals received and requested the board members
evaluate the proposals and select three or four firms to do a presentation the week of
February 6, 1995 . Discussion ensued relating to the process of requesting proposals from
actuaries.
New representatives of The Boston Company
Mr. Gryglewicz explained the change in personnel at The Boston Company . The new
representative is Arthur J. "Mac" MacBride, III , Senior Vice President. Mac is the
corporate bond specialist replacing Steve Thalasinos.
Notifications received of request for pension benefits for Donna Gottberg
Chairperson Kahm reviewed Donna Gottberg' s request for a early retirement benefit at
age 63 1/i. Ms . Gottberg has elected the Qualified Joint and Survivor Retirement Benefit.
This will provide her spouse, in the event of her death, with a benefit equal to half of the
amount she had received ($234 .05).
MR. GRYGLEWICZ MOVED TO APPROVE THE QUALIFIED JOINT AND
SURVIVOR BENEFIT IN THE AMOUNT OF $468 .10 FOR DONNA GOTTBERG TO
BE EFFECTIVE JANUARY I , 1995. MS . GOOSMAN SECONDED .
Ayes :
Nays :
Absent:
The motion carried .
Kahm , Bowman, DaVault, Goosman , Mees, Gryglewicz
None
Vormittag
Notifications received of request for pension benefits for Raymond Chapman
The board has received a request for pension benefits from Raymond Chapman. Mr.
Chapman's schedule retirement date is January 31 , 1995 . Benefits will be calculated for
approval at the next board meeting .
Discussion of possible dates for presentation by The Boston Company
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Discussion ensued related to possible dates for The Boston Company 's annual
presentation to the Board. The matter was deferred until the proposed Joint Pension
Board meeting to be scheduled the week ofFebruary 6, 1995 .
MEMBERS CHOICE
Mr. Gryglewicz stated Mr. Ken Phillips had been contacted and will be available to speak
to the Joint Boards the week of February 6, 1995 . E very attempt will be made to have Mr.
Phillips present at the joint meeting with the proposed actuaries.
Attendance Policy
Mr. Gryglewicz reminded the board of a need for a formalized attendance policy .
Discussion followed indicating a preference for members to be put on notice after two un-
excused absences within a calendar year. The board agreed to list the absence as either
ex cused or un-excused in the minutes . Discussion ensued relating to clarification of the
responsible entity or party to remove a board member habitually un-excused absences .
A draft of the attendance policy will be presented at the next meeting for approval.
MR BOWMAN MOVED TO ADJOURN THE MEETING. MS . MEES SECONDED.
Ayes :
Nays :
Absent:
The motion carried.
Kahm, Bowman, Da Vault , Goosman, Mees, Gryglewicz
None
Vormittag
Mr. Kahm adjourned the meeting at 5 :00 p .m .
Carol Wescoat
Recording Secretary
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