HomeMy WebLinkAbout2000-02-08 NEERB MINUTES•
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NON-EMERGENCY PENSION BOARD MEETING
February 8, 2000
The regular meeting of the Englewood Non-Emergency Pension Board was called to
order by Frank Gryglewicz , at 4:05 p.m. in the Perrin Room of the Englewood City
Library, 3400 South Elati Street, Englewood, Colorado.
Members Present:
Members Absent:
Others Present:
A quorum was present.
Seating of Board Member
Richard Kahm, Chairperson (arrived at 4:09 p.m .)
Gary Bowman, Council Appointee
Bill Belt, Council Appointee (arrived at 4:07 p.m.)
Beverly Bradshaw, Council Member
Ernestine Campbell, Employee Representative
LeRoy DaVault, Council Appointee
Frank Gryglewicz, Director of Financial Services
None
Dale Connors, Watershed Investment Consultants
Kevin Yoshida, Watershed Investment Consultants
Diane Hunt, Buck Consultants
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Mr. Gryglewicz congratulated Mr. Bowman and Mr. Da Vault on being re-appointed by
the City Council and Ms. Campbell on being re-elected.
Mr. Belt arrived 4:07 p.m.
MR. GRYGLEWICZ MOVED TO ELECT RICHARD KAHM AS CHAIRPERSON.
MS. CAMPBELL SECONDED.
Ayes:
Nays:
Absent:
The motion carried.
Approval of Minutes
Belt, Bradshaw , Bowman, Campbell, DaVault, Gryglewicz
None
Kahm
• The minutes from the January 11, 2000 meeting had been omitted from the packet. The
Board will approve the minutes at the May meeting.
Mr. Kahm arrived 4:09 p.m.
OLD BUSINESS
Consideration of DROP for Wayne Oakley .
Wayne Oakley is eligible for the Deferred Retirement Option Plan (DROP) and qualifies
to participate retroactively to January 1, 1999 . Mr. Oakley was employed as a full-time
employee from October 7, 1957 to August 31, 1960 and rehired October 2 , 1961. Mr.
Oakley completed all the required paperwork in the required timeframe .
MR. GRYGLEWICZ MOVED TO APPROVE WAYNE OAKLEY 'S DEFERRED
RETIREMENT OPTION PLAN (DROP) REQUEST TO BE PAY ABLE AS A 100 %
JOINT AND SURVIVOR BENEFIT EFFECTIVE RETROACTIVELY TO JANUARY
1, 1999 . MR. BELT SECONDED .
Ayes:
Nays:
Absent:
The motion carried .
Kahm, Belt, Bradshaw , Bowman, Campbell , Davault, Gryglewicz
None
None
Consideration of DROP for Betty Goosman.
Betty Goosman is eligible for the Deferred Retirement Option Plan (DROP) and qualifies
to participate retroactively to January 1, 1999. Ms. Goosman was employed as a full-time
employee on September 1, 1972 . Ms. Goosman has completed all the required
paperwork in the required timeframe .
MR. GRYGLEWICZ MOVED TO APPROVE BETTY GOOSMAN'S DEFERRED
RETIREMENT OPTION PLAN (DROP) REQUEST TO BE PAY ABLE AS A
LIFETIME ONLY BENEFIT EFFECTIVE RETROACTIVELY TO JANUARY 1, 1999.
MS . BRADSHAW SECONDED.
Ayes:
Nays :
Absent:
The motion carried.
Kahm, Belt, Bradshaw, Bowman, Campbell, Davault, Gryglewicz
None
None
Notification of 3% benefit increase as ofJanuary L 2000 for all retired prior to January 1, 1999.
The Board was informed that the three percent (3 %) benefit increase effective January 1,
2000 for all members retired prior to January 1, 1999 has been completed.
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Notification of retirement request from Joyce Bertrand.
• Joyce Bertrand has requested that retirement benefits begin as of March 1, 2000. Her
final day of employment will be February 29, 2000.
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Watershed Investment Consultants
Dale Connors and Kevin Yoshida, Watershed Investment Consultants, reviewed the
December 31, 1999 Investment Performance Evaluation Report.
NEW BUSINESS
No new business was discussed.
MEMBER CHOICE
The Board discussed optional calculations to be included with the January 1, 2000 actuarial
study. The Board agreed to review the cost of a one percent (1 %) ad hoc increase. Ms. Hunt
will include the calculations with the actuary report .
MR. BOWMAN MOVED TO ADJOURN. MR. BELT SECONDED.
Ayes:
Nays:
Absent:
The motion carried.
Kahm, Belt, Bradshaw, Bowman, Campbell, DaVault, Gryglewicz
None
None
The meeting adjourned at 4:35 p.m.
Carol Wescoat
Recording Secretary
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Non-Emergency Pension Board Meeting