HomeMy WebLinkAboutCity Council Committees - Fireman's Relief and Pension Board - 03/05/1997 Firemen ' s Relief & Pension Board
March 5, 1997
Boardmembers Present: Jon Johnson, Mary Berg, Gene Grenstad,
Brenda Jacober, Alternate Sam Grubbs
Others Present: Laurie Murray
Johnson called the meeting to order at 4 : 10 p.m.
Approval of Minutes. Berg moved to accept the minutes of the
February 5, 1997 , meeting. Grenstad seconded and the motion
carried.
Approval of December Financial Transactions. Murray stated that
the January financial transactions will be available next month.
She distributed documentation of December transactions and
explained that the year ended with $7, 070 in cash, that
investments looked good at $2 , 318 , 857, that accrued interest is
down, that accrued expenses were $2, 901, and that retained
earnings were $2 , 328, 165. She noted that there were extra
expenses because of the audit, and explained the statement of
cash flows, investments, schedule of changes in cash and
investments, estimated cash flow and type comparison.
Berg moved to accept the December financial reports. Grenstad
seconded and the motion carried.
Military Time - Sam Grubbs. Berg explained that Sam Grubbs
worked for the Fire Department under the Firemen ' s Relief and
Pension Act, went into the military and while he was in the
military LEOFF 1 was enacted. He was automatically brought in
to LEOFF 1 when he returned. He explained that LEOFF now says
the time that Grubbs was in active service with the Fire
Department prior to going into the military will be accredited
under LEOFF 1, as well as the time after he came back to work,
but that they will not give him credit for the three years he was
in the military because he was not part of LEOFF 1 while the time
was being served. He noted that LEOFF feels this fund is liable
for those credits.
It was clarified that Grubbs is the only person in this position.
Berg agreed to check with Seattle and Tacoma to see if they have
had anyone in this position and how it was handled.
Adjournment. The meeting adjourned at 4 : 20 p.m.
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� Brenda Jacober CMC
City Clerk/Boa
rdmember