HomeMy WebLinkAboutCity Council Committees - Fireman's Relief and Pension Board - 03/06/1996 Firemen ' s Relief & Pension Board
March 6, 1996
Chief Berg called the meeting to order at 9 : 00 a.m. Present:
Gene Grenstad, Brenda Jacober, and Laurie Murray.
Approval of Minutes. Grenstad moved to approve the minutes of
the regular meeting of February 7 , 1996, and the special meeting
of February 13 , 1996 . Jacober seconded and the motion carried.
Approval of Financial Transactions. Murray distributed copies of
the January financial transactions, noting that it covers the
cash investments position, the operating revenues and
expenditures (in which expenditures exceed revenues) , the cash
flows, comparisons to 1995, investments (which have gone down a
bit) , investments by type, and estimated cash flows through
September 1996 . She added that she expects to receive $84 , 000 in
May. Grenstad moved to approve the January financial
transactions. Jacober seconded and the motion carried.
Alternate Boardmember. Berg explained that the two firefighter
Boardmembers choose an alternate, and that they have selected Sam
Grubbs.
Actuarial Study. Murray noted that an actuarial study is
required every two years and that the last one was done in 1994 .
She requested approval to proceed with a new actuarial study.
She noted that the cost will be $2500 plus $20 per member, or
approximately $3500. Grenstad moved that an actuarial study be
done. Berg seconded and the motion carried.
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Meeting Times. Jacober noted that Boardmember Jon Johnson now
works the day shift and cannot attend 9 : 00 a.m. meetings. She
added that Johnson had suggesting either changing the meeting
time or having another member of the Operations Committee attend
in his place. It was noted that the by-laws state that the Chair
of the Operations Committee shall be on the Board. Jacober
agreed to speak to Johnson to see if he could attend these
meetings if they were held at 4 : 30 p.m.
It was clarified that the next meeting of this Board will be held
at 9: 00 a.m. on April 3rd, and that this item will appear on the
agenda.
CPI Adjustment. Berg stated that it has been pointed out that
the increase is being erroneously calculated, in that the statue
says it should be done yearly and it has been done twice a year
(every six months) instead. He agreed to research this further
before the next meeting.
Adjournment. Grenstad moved to adjourn at 9 : 15 a.m. Jacober
seconded and the motion carried.
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Brenda Jacob6r, ,City Clerk
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