HomeMy WebLinkAbout1995-10-10 NEERB MINUTESNON-EMERGENCY PENSION BOARD MEETING
October 10 , 1995
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 A of the Englewood
City Hall , 3400 South Elati Street, Eng lewood, Colorado.
Members Present:
Members Absent :
Others Present :
Richard Kahm, Chairperson
Gary Bowman, Council Appointee
LeRoy Davault, Council Appointee
Betty Goosman, Employee Representative
Jill Mees, Council Appointee
Frank Gryglewicz, Director of Financial Services
Alfred F . Vormitt ag , Jr ., Council Member
None
Don M azanec, William M. Mercer, Inc .
Carol Wescoat, Recording Secretary
A quorum was present.
* * * * *
Approval of Minutes
l\1R GR YGLEWICZ MOVED TO APPROVE THE MINUTES OF THE REGULAR
MEETING OF JULY 19, 1995; AND THE TELEPHONE POLL OF AUGUST 28,
19 9 5 . MR. VORMITTAG SECONDED .
Ayes :
Nays :
Absent:
The motion carried .
OLD BUSINESS
Kahm, Bowman, Goosm an, Mees , Gryglewicz, Da Vault, Vormittag
None
None
* * * * *
Review of fund transfer to Dodge & Cox
Mr. Gryg lewicz reviewed the transfer of funds from T he Boston Company to Dodge and
Cox . Discu ss ion followed related to the future procedures in dealing with the investment
ma nagers.
NEW BUSINESS
Consideration of pension request for Lelle Holmes
Chairperson Kahm reviewed Lelle Holmes' request for retirement benefit at the age of 72 .
Ms. Holmes has elected the Five Year Certain Retirement Benefit.
MS. MEES MOVED TO APPROVE THE FIVE YEAR CERTAIN BENEFIT IN THE
AMOUNT OF $755.70 FOR LELLE HOLMES TO BE EFFECTIVE AUGUST 1, 1995 .
MR . GR YGLEWICZ SECONDED .
Ayes :
Nays:
Absent:
The motion carried .
Kahm, Bowman, Goosman, Mees, Gryglewicz, DaVault, Vormittag
None
None
Consideration of pension request for James Booras
Chairperson Kahm reviewed James Booras' request for retirement benefit at the age of 64.
Mr. Booras's benefit is less than $100 per month. The actuaries have calculated his
benefit options.
MR. BOWMAN MOVED TO APPROVE THE LUMP SUM BENEFIT IN THE
AMOUNT OF $2,218 .12 FOR JAMES BOORAS TO BE EFFECTIVE NOVEMBER 1,
1995 . MR. VORMITTAG SECONDED.
Ayes:
Nays:
Absent:
The motion carried .
Kahm, Bowman, Goosman, Mees, Gryglewicz, DaVault, Vormittag
None
None
Consideration of pension request for Jack Stewart
Mr. Stewart had not elected his benefit option. The benefit will be brought before the
Board during the next regularly scheduled meeting .
Notification of request for pension benefits for Dale Clawson
Dale Clawson has requested pension benefits begin after his termination date of October
20, 1995. Mr. Clawson's request will be calculated and brought before the Board during
the next regularly schedu led meeting .
2
Report on Colorado Public Pension Conference.
Mr . Bowman reviewed the Colorado Public Pension Conference.
4:35 p .m . Mr. Vormittag left.
MR . BOWMAN MOVED TO ADJOURN THE .MEETING. MR. GR YGLEWICZ
SECONDED .
Ayes:
Nays :
Absent:
The motion carried .
Kahm, Bowman, Goosman, Mees, Gryglewicz, DaVault, Vormittag
None
None
Mr . Kahm adjourned the meeting at 4:40 p .m.
Carol Wescoat
Recording Secretary
3