HomeMy WebLinkAbout2006-08-15 NEERB MINUTESNONEMERGENCY EMPLOYEES RETIREMENT BOARD MEETING
August 15, 2006
Chairperson Williams called the regular meeting of the Englewood Non Emergency Employees Retirement Plan Board to
order at 4:05 p .rn. in the Public Works Conference Room of the Civic Center, 1000 Englewood Parkway, Englewood,
Colorado.
Members Present:
Members Absent:
Others Present:
A quorum was present.
Approval of Minutes
Brandon Williams, Chairperson, Council Appointee
Gary Bowman , Council Appointee
LeRoy Davault, Council Appointee
Frank Gryglewicz, Director of Finance and Administrative Services
Mahendra Patel, Employee Representative
Bradley Hagan, Secretary, Employee Representative (notice)
John Moore, Council Member (no notice)
Wendy Dominguez, Innovest Portfolio Solutions LLC
Deborah Chomiuk, Buck Consultants
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MR. GRYGLEWICZ MOVED TO APPROVE THE MINUTES OF THE MAY 9, 2006 REGULAR MEETING AND JUNE
30 , 2006 TELEPHONE POLL. MR. BOWMAN SECONDED.
Ayes:
Nays:
Absent:
The motion carried.
OLD BUSINESS
Bowman, Davault, Gryglewicz, Patel, Williams
None
Hagan, Moore
Investment Policy Amendment
The Board reviewed the amendments to the investment policy.
MR. GRYGLEWICZ MOVED TO APPROVE THE AMENDMENTS TO THE INVESTMENT POLICY EFFECTIVE MAY
2006 . MR. DAVAULT SECONDED .
Ayes:
Nays :
Absent:
The motion carried .
NEW BUSINESS
Bowman, Davault, Gryglewicz, Patel , Williams
None
Hagan, Moore
Innovest Portfolio Solutions, LLC
Ms. Dominguez reviewed investment results for the second quarter of 2006 .
Consideration of benefit for Caryl Bright.
Caryl Bright terminated employment on October 28, 2005 and requested retirement benefits to commence November 1, 2005 .
MR. GRYGLEWICZ MOVED TO APPROVE A REGULAR RETIREMENT LIFETIME BENEFIT OF $1,075.90 PER
MONTH FOR CARYL BRIGHT BEGINNING NOVEMBER 1, 2005. MR . PA TEL SECONDED.
Ayes:
Nays:
Absent:
The motion carried.
Bowman , DaVault, Gryglewicz, Patel, Williams
None
Hagan, Moore
Consideration of benefit for Daniel Martinez.
Daniel Martinez terminated employment on April 21, 2006 and requested retirement benefits to commence May 1, 2006 .
MR . GRYGLEWICZ MOVED TO APPROVE A REGULAR RETIREMENT 100 PERCENT JOINT AND SURVIVOR
BENEFIT OF $113.05 PER MONTH FOR DANIEL MARTINEZ BEGINNING MAY 1, 2006. MR . BOWMAN
SECONDED .
Ayes:
Nays:
Absent:
The motion carried.
Bowman, DaVault, Gryglewicz, Patel , Williams
None
Hagan, Moore
Consideration of benefit for Vicky Younkin.
Vicky Younkin terminated employment on May 31, 2006 and requested retirement benefits to commence June 1, 2006 .
MR. GRYGLEWICZ MOVED TO APPROVE A REGULAR RETIREMENT FIVE YEAR AND LIFETIME BENEFIT OF
$1,711.61 PER MONTH FOR VICKY YOUNKIN BEGINNING JUNE 1, 2006. MR. BOWMAN SECONDED.
Ayes:
Nays:
Absent:
The motion carried.
Bowman, DaVault, Gryglewicz, Patel, Williams
None
Hagan, Moore
Consideration of benefit for Richard Petrash.
Richard Petrash began receiving long term disability on March 17 , 1987 . Mr. Petrash is 65 on May 23, 2006 and requests
retirement benefits to commence June l, 2006.
MR. GRYGLEWICZ MOVED TO APPROVE A REGULAR RETIREMENT 100 PERCENT JOINT AND SURVIVOR
BENEFIT OF $ l ,459 .09 PER MONTH FOR RICHARD PETRASH BEGINNING JUNE l , 2006. MR . PA TEL SECONDED .
Ayes:
Nays:
Absent:
The motion carried.
Bowman, DaVault, Gryglewicz, Patel, Williams
None
Hagan, Moore
Consideration of benefit for James Burrage .
James Burrage terminated employment on June 23, 2006 and requested retirement benefits to commence July I , 2006.
Non-Emergency Employee Ret irem ent Board Meeting
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MR. GRYGLEWJCZ MOVED TO APPROVE A REGULAR RETIREMENT 100 PERCENT JOINT AND SURVIVOR
BENEFIT OF $1, 133.02 PER MONTH FOR JAMES BURRAGE BEGINNING JULY 1, 2006. MR. BOWMAN
SECONDED .
Ayes:
Nays :
Absent:
The motion carried.
Bowman, DaVault, Gryglewicz, Patel, Williams
None
Hagan , Moore
Board, Commission and Authority Appreciate Night, Monday August 28, 2006 at Centennial Park
The Board was reminded of the Board , Commission and Authority Appreciation Night, Monday August 28 , 2006
MEMBER CHOICE
No items were discussed .
Chairperson Williams adjourned the meeting at 4:40 p.m.
Carol Wescoat
Recording Secretary
Non-Emergenc y Employee Retirement Board Mee ting
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