HomeMy WebLinkAboutCity Council Committees - Fireman's Relief and Pension Board - 05/06/1998 Firemen' s Relief & Pension Board
May 6, 1998
Boardmembers Present: Mary Berg, Sam Grubbs, Brenda
Jacober
Others Present: John Hillman, Brigitte Hoopes,
Cheryl Lopez, Stacy Thompson
The meeting was called to order at 8 : 10 a .m. by Chief Berg.
Approval of Minutes . Grubbs moved to accept the minutes of
the meeting of April 1, 1998 . Berg seconded and the motion
carried.
Approval of Financial Transactions . Hillman distributed
copies of and explained the February and March financial
transactions . He noted that the market has been very good
and that it was wise to put money in Washington Mutual
Investors . He estimated that $89, 000 will come in from
insurance tax in May. Grubbs moved to accept the financial
reports for February and March. Jacober seconded and the
motion carried.
Board Position. Jacober noted that there was no response
to the letter regarding the nomination of Sam Grubbs to the
Board position currently held by Gene Grenstad. Berg noted
that in some other cities, this Board' s function has been
taken over by the LEOFF Board. He said it is his under-
standing that the election of members has to be by a vote
of those who are covered by the fund, and upon his question
regarding what the statute says, Jacober agreed to get some
information from the City Attorney. Berg said he would
talk to other cities to see how they handle the situation.
LEOFF Adjustments . Hoopes distributed information on the
calculations and noted that figures were received soon
enough that no adjustments are required. Grubbs moved to
approve the LEOFF adjustments . Berg seconded and the
motion carried.
CPI . Hoopes distributed information on the CPI Index
Change and noted that she used the second half of 1996
compared to the second half of 1997, which was a 4 . 0
increase in index points, and that the result is 2 . 6% . She
noted that this is not due until July 1, allowing time for
review and approval at the next meeting . All agreed.
Meeting Time. Jacober noted that Connie Epperly is no
longer Chair of the Operations Committee, and that Judy
Woods is now the Chair. She explained that Dr. Woods would
prefer to meet later in the day. After a brief discussion,
it was determined that the Board will meet on the second
Tuesday of each month at 4 : 00 p.m.
Adjournment. The meeting adjourned at 8 : 25 a.m.
Brenda Jacober
City Clerk/Boardmember
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