HomeMy WebLinkAboutCity Council Committees - Fireman's Relief and Pension Board - 12/01/1994Firemen's Relief & Pension Board
December 1, 1994
The meeting was called to order by Boardmember Berg at 4:30 p.m.
Present: Gary Tilley, Brenda Jacober, John Hillman, Laurie Murray,
Brigitte Hoopes, Don Fronsdahl and James Smail.
Approval of Minutes. Tilley moved to approve the minutes of
October 20, 1994. Berg seconded and the motion carried.
Financial Transactions. Murray distributed copies of the month-end
statement and the report of investments for October. Tilley moved
to accept the reports, Berg seconded and the motion carried.
Medical Claims. Murray explained that it must be determined how
much money is needed for the medical budget. She stated that she
has requested information from Blue Cross and will report at the
next meeting. It was later determined that this information is not
required because the budget has been adopted. Berg stated that he
has found out since the last meeting that any LEOFF 1 individuals'
medical expenses can be paid from this fund. Murray agreed. She
noted that although the 1995 budget has been adopted, it can be
amended. Berg pointed out that the RCW states that the City will
pay the expenses even if the fund is out of money. Berg clarified
for Tilley that injuries incurred off the job would be paid, and
that this covers active and retired LEOFF 1 Fire employees. Murray
explained that the report submitted at the last meeting covered
only retired employees, and therefore the total expense will be
over $100,000, and will be closer to $129,000. Berg explained that
the LEOFF 1 Board is working on the
last six months of pay for duty disabled members. Berg then moved
to authorize expenses up to $129,000 from this fund for the budget
year 1995. Tilley seconded and the motion carried.
Retroactive Pay. Murray noted that the auditor is working on
retroactive pay back to 1970 and that she will make a report at the
next meeting.
Berg noted for Tilley that voting on the union contract will take
place later today. Murray said that it will probably be
retroactive and that it will go to Council on December 13. She
added that Finance will calculate the retroactive pay for the
retirees within a month. She agreed to provide a report of backpay
for each individual at the next meeting.
Other Business.
1. Berg announced that he has provided documentation for all the
members with duty -related disabilities, with the exception of Gary
Tilley, to Finance so that 1099's would not be issued. Brigitte
said she may have the required information on Tilley.
2. Berg noted that the American Capital Pace Fund has requested
that a proxy be signed allowing four people to vote on this Board's
behalf at a Board meeting to be held in Houston, Texas, on December
16, 1994. He explained that the proxy statement seeks shareholder
approval of a new investment advisory agreement, and noted that the
current board has recommended a favorable vote. Tilley moved that
Chairman Pro Tem Berg be authorized to sign the proxy on behalf of
the Firemen's Relief & Pension Fund. Berg seconded. Motion
carried. Tilley then moved to vote in favor of the proxy vote.
Berg seconded and the motion carried.
3. It was determined that the next meeting will be held at 4:30
p.m. on Thursday, January 5, 1994, in the Mayor's Conference Room,
and that the schedule of 1995 meetings will be discussed.
Adjournment. Tilley moved to adjourn at 4:55 p.m., Berg seconded
and the motion carried.
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Brenda Jagl6ber,,City Clerk
Board Sec'retarvl