HomeMy WebLinkAboutCity Council Committees - Fireman's Relief and Pension Board - 01/05/1995 (3) li
Firemens Relief & Pension Board
January 5, 1995
4 : 30 p.m.
Present: Boardmembers White, Berg, Tilley, and Jacober, City
Attorney Lubovich, Finance Director Miller, Laurie Murray, Don
Fronsdahl and James Smail.
Minutes. Tilley moved to approve the minutes of the meeting of
December 1, 1994 . Jacober seconded and the motion carried.
Financial Transactions. Murray distributed copies of the assets
and liabilities, operating revenues and expenditures, and
investments, as of November 30, 1994 . Miller noted that she and R.
L. Evans are reviewing the mutual funds and may recommend some
changes. She agreed to provide information at the next meeting.
She noted that the funds in the overnight pool are very safe.
Tilley moved to accept the financial transactions. Berg seconded
and the motion carried.
Status Report - Retroactive Pay. Murray distributed copies of the
bill from Turner & Associates in the amount of $13 ,585. 00 for the
calculation of retirement benefits to specified firefighters
between February 1973 and September 30, 1994 . She explained that
the report has been completed and that they will review the
document and check Turner's assumptions before the next Board
meeting. She clarified that the amount budgeted was between $5, 000
and $7, 000, and explained that although all of the records required
were provided, staff spent quite a bit of time working with Turner.
Murray explained for Tilley that the bill will remain as is unless
Turner is convinced that his assumptions are not correct; she added
that he is very thorough and the assumptions are mostly likely
correct. Tilley then moved to approve payment of $13 , 585 . 00 to
Turner & Associates. Berg seconded and the motion carried. Murray
stated that she will mail out copies of the report to the
Boardmembers before the next meeting for review. Tilley commended
Miller and Murray for their work on this issue.
Schedule of 1995 Meetings. Mayor White pointed out that State law
requires this Board to meet monthly. Tilley spoke in favor of
calling the Secretary when members cannot attend the monthly
meetings, and noted that if there is not a quorum, the meeting
cannot be held. It was also noted that if there was no business to
come before the Board, the Secretary could simply post a notice
that the meeting is postponed.
Mayor White noted that he has a conflict at the time currently
scheduled for this Board to meet, and all agreed to work around his
schedule. It was determined that Thursday is the best day for most
people, and that the Board Secretary will work with Administration
to come up with a more convenient time.
Other Business. 1. Murray noted that at the last meeting, Berg
explained that he has provided documentation for all members with
duty-related disabilities, with the exception of Gary Tilley, so
that 1099's would not be issued. She noted that she has not been
able to obtain the required information, and Tilley agreed to
provide it.
2 . Berg noted receipt of a letter from the State Retirement System
on a potential retiree, Sam Grubbs, and said he feels that their
decision is incorrect. He noted that Grubbs was a member of this
system for a year prior to going into the military, and that the
State Retirement System said they will give Grubbs credit for the
year he worked prior to going into the military, but not for the
three years he was in the military because he was not a member of
LEOFF at the time of it's inception. He said the retirement system
feels benefits for those three years should come from this Board.
Tilley stated that members were automatically rolled over into
LEOFF 1. Berg said that this would not impact Grubbs directly, but
that this Board would be impacted. Tilley agreed that the decision
is wrong and suggested that Lubovich look into the matter. Berg
agreed to provide Lubovich with a copy of the letter and noted
that Grubbs plans to appeal .
3 . Berg noted that his term on this Board is about to expire, and
explained that the membership elects Boardmembers. It was pointed
out that Tilley was re-elected in August, after serving one year on
the Board. The Secretary agreed to check the records regarding the
t elections. Berg said the membership will address this issue.
4 . Murray clarified for Fronsdahl that the contract was recently
settled and is for two years. She added that retirees pay will be
changed.
Adjournment. The meeting adjourned at 5 : 05 p.m.
r,
Brenda Jacober
Board Secretary
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