HomeMy WebLinkAboutCity Council Committees - Fireman's Relief Pension Board - 07/21/2020Firemen’s Relief and Pension Board July 21, 2020
Minutes Kent, Washington
Approved January 19, 2021
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BOARD MEMBERS PRESENT: Les Thomas, Council Representative, Sam Grubbs,
Albert Bond, Marvin Berg, Alternate, and Kim Komoto, Secretary.
STAFF MEMBERS PRESENT: Paula Painter, Finance Director and Susanne Shaw,
Senior Financial Analyst.
1.Call to Order
The meeting was called to order at 3:30 p.m., with Kim Komoto presiding.
2.Roll Call
Mayor Dana Ralph – Absent
Councilmember Les Thomas – Arrived during item 6.
Kim Komoto – Present
Al Bond – Absent
Sam Grubbs – Present
Marvin Berg (Alternate)- Present
3.Changes to the Agenda
No changes. Sam Grubbs moved to approve the agenda as amended, seconded by
Kim Komoto. The motion passed unanimously with a vote of 3-0.
4.Approval of Minutes, dated January 21, 2020
Sam Grubbs moved to approve the minutes dated January 21, 2020, and Al Bond
seconded the motion. The motion passed unanimously with a vote of 3-0.
5.Board Position #1 Election Results Term: July 1, 2020-June 30, 2022
Komoto advised that Sam Grubbs was reelected to Position #1 for an additional two-
year term.
6.Annual CPI Based Increase for Non-Duty Disability Retiree
Senior Financial Analyst, Susanne Shaw provided details on the CPI increase.
7.2nd Quarter 2020, Financial Report
Finance Director, Paula Painter provided details regarding the Executive Summary for
Cash and Investments as of June 30, 2020, and the Statement of Revenues and
Expenses as of June 30, 2020.
8.Adjournment
At 3:40 p.m., Kim Komoto declared the meeting adjourned.
Kimberley A. Komoto
Firemen’s Relief and Pension Board Secretary
July 21, 2020