HomeMy WebLinkAbout2000-01-11 NEERB MINUTESNON-EMERGENCY PENSION BOARD MEETING
January 11, 2000
The regular meeting of the Englewood Non-Emergency Pension Board was called to
order by Chairperson Rick Kahm, at 4 : 10 p .m . in the Perrin Room of the Englewood City
Library, 3400 South Elati Street, Englewood, Colorado .
Members Present:
Members Absent:
Others Present :
Richard Kahm, Chairperson
Gary Bowman, Council Appointee
Bill Belt, Council Appointee
Beverly Bradshaw, Council Member
Ernestine Campbell, Employee Representative
LeRoy Da Vault, Council Appointee
Frank Gryglewicz, Director of Financial Services
None
Dale Connors, Watershed Investment Consultants
Kevin Yoshida, Watershed Investment Consultants
Diane Hunt, Buck Consultants
A quorum was present.
* * * * *
Approval of Minutes
MR. GRYGLEWICZ MOVED TO APPROVE THE MINUTES OF THE OCTOBER
12 , 1999 REGULAR MEETING. MR. BELT SECONDED .
Ayes :
Nays :
Absent:
The motion carried .
OLD BUSINESS
Kahm, Belt, Bradshaw, Bowman, Campbell, Davault, Gryglewicz
None
None
Watershed Investment Consultants
Watershed Investment Consultants reviewed the Norwest Bank Trustee Agreement and
the proposed Investment Policy Statement. The Board discussed the proposed
agreements .
MS . BRADSHAW MOVED TO APPROVE THE NORWEST BANK COLORADO ,
N .A. TRUST AGREEMENT FOR THE PENSION FOR THE NONEMERGENCY
EMPLOYEES, PROVIDED THE CITY ATTORNEY DOES NOT OPPOSE . MR. DA
VAULT SECONDED.
Ayes :
Nays :
Absent:
The motion carried .
Kahm, Belt , Bradshaw, Bowman, Campbell , Davault, Gryglewicz
None
None
MR. DAVAULT MOVED TO APPROVE THE INVESTMENT POLICY
STATEMENT, PROVIDED THE CITY ATTORNEY DOES NOT OPPOSE . MR.
BELT SECONDED .
Ayes :
Nays :
Absent :
The motion carried .
Kahm, Belt , Bradshaw, Bowman, Campbell , Da Vault , Gryglewicz
None
None
Discussion ensued regarding the scheduling of regular meetings .
MR. BOWMAN MOVED TO CHANGE THE SCHEDULED MEETINGS TO THE
SECOND TUESDAY OF THE SECOND MONTH OF THE QUARTER. MS .
CAMPBELL SECONDED .
Ayes :
Nays :
Absent :
The motion carried.
NEW BUSINESS
Kahm, Belt, Bradshaw, Bowman, Campbell , DaVault, Gryglewicz
None
None
No new business was discussed .
MEMBER CHOICE
Consideration of benefit for Spouse of Eleanor Zimmerman .
Eleanor Zimmerman was employed by the City from May 4, 1965 until her death on
December 19 , 1999 . Ms. Zimmerman named Larry E . Zimmerman, spouse, as her
beneficiary .
Non-Emergency Pension Board Meeting
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MR. GRYGLEWICZ MOVED TO APPROVE THE TEN YEAR CERTAIN AND
LIFETIME MONTHLY BENEFIT OF $820 .60 FOR LARRY E . ZIMMERMAN
EFFECTIVE JANUARY 1, 2000 AND THE SUPPLEMENTAL DEATH BENEFIT OF
$5 ,682 .73 TO BE PAID JANUARY 31 , 2000 . MS . BRADSHAW SECONDED.
Ayes :
Nays :
Absent :
The motion carried .
Kahm, Belt, Bradshaw, Bowman, Campbell, Da Vault, Gryglewicz
None
None
Consideration of benefit for John Poole .
Mr. John Poole requested a 50% Joint and Survivor retirement benefit. Mr. Poole last date of
employment was December 31 , 1999 .
MR. GRYGLEWICZ MOVED TO APPROVE THE 50% JOINT AND SURVIVOR
MONTHLY BENEFIT OF $324 .51 FOR JOHN POOLE EFFECTIVE JANUARY 1, 2000 .
MS . CAMPBELL SECONDED.
Ayes :
Nays :
Absent :
The motion carried.
Kahrn, Belt, Bradshaw, Bowman, Campbell, DaVault, Gryglewicz
None
None
Consideration of benefit for Catherine Mahon
Ms . Catherine Mahon was employed by the City from August 27 , 19984 until October 2,
1998 . Ms. Mahon will attain age 55 on January 28 , 2000 . She has requested a 100% Joint
and Survivor retirement benefit.
MR. GRYGLEWICZ MOVED TO APPROVE THE 100% JOINT AND SURVIVOR
MONTHLY BENEFIT OF $323 .95 FOR CATHERINE MAHON EFFECTIVE
FEBRUARY 1, 2000 . MR. BELT SECONDED.
Ayes :
Nays :
Absent :
The motion carried .
Kahrn, Belt, Bradshaw, Bowman, Campbell , DaVault, Gryglewicz
None
None
Non-Emergency Pension Board Meeting
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MR. BOWMAN MOVED TO ADJOURN. MR. GRYGLEWICZ SECONDED.
Ayes :
Nays:
Absent:
The motion carried.
Kahm, Belt, Bradshaw, Bowman, Campbell, Da Vault, Gryglewicz
None
None
The meeting adjourned at 4 :52 p .m .
Carol Wescoat
Recording Secretary
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Non-Emergency Pension Board Meeting