HomeMy WebLinkAbout2001-03-20 NEERB MINUTESNON-EMERGENCY RETIREMENT BOARD MEETING
March 20, 200 l
The special meeting of the Englewood Non -Emergency Retirement Board was called to order by
Chairperson Rick Kahm, at 4:08 p.m. in the Community Development Conference Room of the
CivicCenter, lOOO Englewood Parkway, Englewood, Colorado .
Members Present:
Members Absent:
Others Present:
A quorum was present.
Approval of Minutes
Richard Kahm , Chairperson
Gary Bowman. Council Appointee
Frank Gryglewicz. Director of Finance and Administrative Services
Beverly Bradshaw, Council Member
Ernestine Campbell, Employee Representative
LeRoy Davault, Council Appointee(arrived 4:15 p.m.)
Bill Belt, Council Appointee (no notice)
Dan Brotzman, City Attorney
Susan Eaton , Human Resources Director
* * * * *
MS.BRADSHAW MOVED TO APPROVE THE MINUTES OF THE FEBRUARY 13, 2001
REGULAR MEETING. MR. BOWMAN SECONDED.
Ayes:
Nays:
Absent:
Abstention:
The motion carried.
OLD BUSINESS
Kahm, Bowman , Bradshaw, Campbell
None
Da Vault, Belt
Gryglewicz
Discussion of proposed plan changes.
The Board discussed the draft of the proposed changes.
Ms . Wescoat presented an example prepared by Diane Hunt, Buck Consultants, illustrating the
additional convers ion benefits for participants that are eligible for Rule of 88. The Board reviewed
the sample illustration.
Mr. Davault arrived 4: 15 p .rn.
Chairperson Kahrn questioned allowing long-time employees who may be reclas sified from exempt
to no n-exempt status the option of going from the money purchase plan to the defined benefit plan.
He had received comments from employees regarding the need to complete the required five-year
vesting if they had been out of the Plan for more than five years. Discussion ensued clarifying that
when the [CM A-RC 40 la MSC Money Purchase Plan was created, the employees were given the
o ption of remainin g in the NonEmergency Retirement Plan o r participating in the money purchase
plan.
MR. GRYGLEWICZ MOVED TO APPROVE THE ORDINANCE SUBJECT TO TECHINCAL
CHANGES . MR. BOWMAN SECONDED.
Ayes:
Nays:
Kahm , Bradshaw, Bowman, Campbell , DaVault, Gryglewicz
None
Absent: Belt
The motion carried.
Mr. Gryglewicz said the proposed changes will be prese nted at the April 2, 200 I City Council Study
Session and the bill for an ordiance will go to City Council for first reading on April l6 , 2001.
NEW BUSINESS
No new business was discussed.
MEMBER CHOICE
Mr. Brotzman said with Cindy Birley's move to a new firm, that he, Frank Gryglewicz and Carol
Wescoat have been interviewing pensi o n counsel. Mr. Brotzman recommended to the Board ,
Mary Brauer replace Ms. Birley for new projects . He reviewed the reaso ns for selecting Ms.
Brauer and discontinuing Ms. Birley's serv ices.
Ms. Wescoat distributed sample estimated benefit comparisons for the Board 's information.
The meeting adjourned at 4:30 p.m.
~~
Caro I W escoat
Recording Secretary
No n-Em erge ncy Pension Board Meeting
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