HomeMy WebLinkAbout1998-04-14 NEERB MINUTES•
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NON-EMERGENCY PENSION BOARD MEETING
April 14 , 1998
A regular meeting of the Englewood Non-Emergency Pension Board was called to order
by Chairperson Richard Kahm , at 4:00 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
Bill Belt, Council Appointee
Frank Gryglewicz, Director of Financial Services
Roberta Skrivan, Employee Representative
Beverly Bradshaw, Council Member
Gary Bowman, Council Appointee (with notice)
LeRoy DaVault, Council Appointee (with notice)
Carol Wescoat , Recording Secretary
Patrick Landry , William M. Mercer, Inc .
A quorum was present.
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SEATING OF BOARD MEMBER
Rick Kahm was re-elected by the active participants to the Board and Bill Belt was
appointed by City Council.
Election of Board Chairperson/President
MR. GRYGLEWICZ MOVED TO ELECT RICK KAHM AS CHAIRPERSON. MS .
SKRIV AN SECONDED :
Ayes :
Nays :
Absent:
Abstention :
The motion carried .
Belt, Bradshaw, Gryglewicz, Skrivan
None
Da Vault , Bowman
Kahm
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APPROVAL OF MINUTES
MR. GRYGLEWICZ MOVED TO APPROVE THE MINUTES OF THE REGULAR
MEETING OF JANUARY 13 , 1998 , AND THE JOINT BOARD MEETING OF
OCTOBER 27 , 1997 . MS . BRADSHAW SECONDED .
Ayes:
Nays :
Absent :
Abstention :
The motion carried .
OLD BUSINESS
Kahm, Bradshaw, Gryglewicz, Skrivan
None
Davault, Bowman
Belt
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Correction of benefit for Robert Burgener
Chairperson Kahm reviewed the circumstances related to Robert Burgener. Mr. Burgener's
final date of employment was changed after he had submitted his request for retirement
benefits. The original resignation date had been set at December 31 , 1997. This date would
have made Mr. Burgener eligible as of January 1, 1998 . The actual resignation date was
January 5, 1998 , making him eligible as of February 1, 1998 .
MR. GRYGLEWICZ MOVED TO CHANGE ROBERT BURGENER'S EFFECTIVE
RETIREMENT DATE TO FEBRUARY 1, 1998 AND WITHHOLD ONE MONTHLY
BENEFIT PAYMENT OF $102 .69 . MS . SKRIVAN SECONDED.
Ayes :
Nays :
Absent:
The motion carried .
Kahm, Belt, Bradshaw, Gryglewicz, Skrivan
None
Da Vault, Bowman
Deferred Retirement Option Plan (DROP)
Chairperson Kahm reviewed the memo from Mr. Gryglewicz outlining the proposed
DROP schedule. Discussion followed related to the necessity to proceed with the plan .
Mr. Landry reviewed the costs to the pension fund of a DROP . The cost to the pension
plan is expected to be very low . Some of the cost to the plan would be employees not
working beyond the normal retirement. The current actuarial report calculations are based
on historical employment data which indicates participants have worked beyond their
normal retirement date .
The Board discussed the possibility of including the cost of a DROP with the actuarial
report . Mr. Landry will provide the calculation with the draft of the actuarial report .
They will assume DROP participation at age 60 . The actuarial draft should be completed
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during June. Mr. Landry will contact Ms. Wescoat to schedule a special meeting when the •
completion date is determined .
Non-Emergency Pension Board Meeting
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• Discussion followed related to proceeding with a DROP without the Police Officers and
Firefighters Pension Plans participation.
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NEW BUSINESS
Termination of benefit for Robert Ptlaeging .
Robert Ptlaeging died on January 24, 1998. The retirement plan payout for Mr. Ptlaeging
provided a survivor benefit to his wife . His wife is no longer living . A certified copy of
the death certificate has been received . No further benefits are due.
Notification of benefit request for Marlene Stewart
Marlene Stewart submitted her intention to retire as of May 15, 1998 . Consideration will be
given to Marlene's request at the next board meeting .
Scheduling of William M . Mercer. Inc., performance evaluation presentation
• The Board agreed to schedule the presentation during May.
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MEMBERS CHOICE
No items were discussed .
The meeting adjourned at 5:02 p.m .
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Carol Wescoat
Recording Secretary
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Non-Emergency Pension Board Meeting
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