HomeMy WebLinkAboutCity Council Committees - Fireman's Relief and Pension Board - 04/02/1997 Firemen's Relief & Pension Board
April 2, 1997
Boardmembers Present: Mary Berg, Gene Grenstad, Brenda
Jacober, Alternate Sam Grubbs
others Present: John Hillman, Brigitte Hoopes
Berg called the meeting to order at 4 : 00 p.m.
Approval of Minutes. Grenstad moved to accept the minutes of the
March 5, 1997, meeting as written. Grubbs seconded and the
motion carried.
Approval of Re-stated December Financial Transactions. Hillman
explained that investments increased $93 ,431 over the previous
December closing, and that there were also interest accruals.
Grubbs moved to approve the re-stated December financial
transactions. Grenstad seconded and the motion carried.
_Approval of January Financial Transactions. Hillman stated that
January was a fairly normal month and pointed out that although
investments are $2 , 408, 245, the market value of the investments
is $392, 000 more than that. Grubbs moved to approve the Janaury
financial transactions, Grenstad seconded and the motion carried.
CPI Chances. Hoopes distributed information on proposed CPI
changes and explained her calculations, which resulted in 3 . 7%.
All agreed to review this information and discuss it at the
meeting in May.
Mutual Fund Investments. Jacober reminded the Board that they
had agreed in February to discuss mutual fund investments in May.
Elections. Upon Berg' s suggestion, Jacober agreed to check on
elections and report at the next meeting.
Comparison of Benefits. Hoopes noted that the Comparison of
Benefits sheets from LEOFF had not arrived, but that they should
be here by the next meeting.
Military Time - Sam Grubbs. Berg announced that he had spoken
with Seattle and Tacoma regarding the time Grubbs spent in the
military, and that they had had no one in a similar position. He
agreed to check with Bellingham and possibly Spokane. He pointed
out that there is no deadline, as Grubbs has no plans to retire
soon and that if he goes out on disability, it becomes a moot
point. Grubbs noted that there is no deadline on the appeal.
Adiournment. The meeting adjourned at 4 : 15 p.m.
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Brenda Jac6beroi CMC
City Clerk/Boai'rdmember
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