HomeMy WebLinkAbout2006-08-24 NEERB MINUTESNONEMERGENCY EMPLOYEES RETIREMENT PLAN BOARD MEETING
August 24 , 2006
A telephone poll was done by the Recording Secretary of the Englewood NonEmergency
Employees Retirement Plan Board.
Mary White participated in the plan from May 2, 1994 to August 1, 1998 and re-entered the plan
on March 1, 2003. She began long-term disability on April 15, 2005 and passed away on July 1,
2006. Mary was 59 at the time of her death.
The non-spousal beneficiaries Emily Keiser, Amie Garretson, Angela White and Marie White
each receive 25 percent of the benefit. Each beneficiary has requested a lump sum distribution in
the amount of $2,159 .06 to be paid on August 31, 2006.
Members:
Ayes:
Nays:
Unavailable:
The motion carried .
Brandon Williams , Chairperson, Council Appointee
Gary Bowman, Council Appointee
Mahendra Patel, Employee Representative
LeRoy DaVault, Council Appointee
Frank Gryglewicz, Director of Finance and Administrative Services
Brad Hagan, Employee Representative
John Moore, Council Member
Bowman, DaVault, Gryglewicz, Hagan, Moore, Patel, Williams
None
None
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Carol Wescoat
Recording Secretary
NONEMERGENCY EMPLOYEES RETlREMENT BOARD MEETlNG
November 14 , 2006
Chairperson Williams called the regular meeting of the Englewood Non Emergency Employees Retirement Plan Board to
order at 4:02 p.m . in the Public Works Conference Room of the Civic Center, I 000 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
Bradley Hagan, Secretary, Employee Representative
John Moore, Council Member
Mahendra Patel, Employee Representative (no notice)
Richard Todd, lnnovest Portfolio Solutions LLC
David Slishinsky, Buck Consultants
* * * * *
MR. GRYGLEWICZ MOVED TO APPROVE THE Ml UTES OF THE AUGUST 15 , 2006 REGULAR MEETING A D
AUGUST 24 , 2006 TELEPHONE POLL. MR. BOWMAN SECONDED.
Ayes :
Nays:
Absent:
The motion carried.
OLD BUSfNESS
No business was discussed.
NEW BUSfNESS
Bowman, Davault, Gryglewicz, Hagan, Moore , Williams
None
Patel
Buck Consultants personnel changes
David Slishinsky introduced himself to the Board. Elena Black and Deborah Chomiuk are no longer with Buck
Consultants and Mr. Slishinsky is Ms. Black 's replacement.
Innovest Portfolio Solutions, LLC
Mr. Todd reviewed investment results for the third quarter of 2006.
Mr. Todd expressed some concern with the American Funds EuroPacific Growth Fund and may address these concerns at the
next meeting. Innovest will review the Plan's asset allocation in the spring of2007.
Notification of Bernard Berardini 's death.
Bernard Berardini, retiree, passed away on August 10, 2006. Mr. Berardini elected a ten year certain and lifetime benefit
at the time of his retirement in 1982. The final payment was paid on August 31, 2006.
Consideration of benefit for J.T. Spurlock.
J .T. Spurlock terminated employment on October 12, 2006 and requested retirement benefits to commence November I, 2006.
MR. GRYGLEWlCZ MOVED TO APPROVE A REGULAR RETIREMENT 100 PERCENT JOINT AND SURVIVOR
BENEFIT OF $275.48 PER MONTH FOR J.T. SPURLOCK BEGINNING NOVEMBER 1, 2006 . MR. HAGAN
SECONDED .
Ayes:
Nays:
Absent:
The motion caITied.
Bowman, DaVault, Gryglewicz, Hagan, Moore, Williams
None
Patel
Board Governance Information.
The Board discussed information included in the packet out I ining other retirement plan's board governances . The Board
agreed to draft governance guidelines.
Mr. Todd offered the Board trustee education to be provided by a division ofinnovest Portfolio Solutions . The cost of the
education is included with the Innovest fee. The Board agreed to schedule the training after the fir st of the year.
Consideration Expiration of term for Leroy DaVault.
The Board was notified that Mr. DaVault's term is about to expire and appl ications will be accepted by City Council.
MEMBER CHOICE
Leroy DaVault reviewed the benefits of attending the Colorado Public Pension Plan Conference.
Ms . Wescoat notified the Board of the educational seminar presented by the Colorado Public Plan Coalition on December 5,
2006. The Board members will notify Ms. Wescoat if they wish to attend.
MR. MOORE MOVED TO APPROVE THE REGISTRATION EXPENSE OF ANY BOARD MEMBER ATTENDING THE
COLORADO PUBLIC PLAN COALITION SEMINAR ON DECEMBER 5, 2006. MR. GRYGLEW ICZ SECONDED.
Ayes:
Nays:
Absent:
The motion caITied.
Bowman, DaVault, Gryglewicz, Hagan, Moore, Williams
None
Patel
Cha irperson Williams adjourned the meeting at 5:00 p.m .
Carol Wescoat
Recording Secretary
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Non-Eme rgency Employee Retirement Board Meeting