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HomeMy WebLinkAboutCity Council Committees - Firemen’s Relief and Pension Board - 04/19/2022Firefighter's Relief and Pension Board Minutes Page l1 April 19, 2022 Kent, Washington Approved July 19, 2022 BOARD MEMBERS PRESENT: Mayor Ralph, Les Thomas, Sam Grubbs and Kim Komoto, Secretary. STAFF MEMBERS PRESENT: Paula Painter, Finance Director and Senior Financial Analyst, Susanne Shaw. 1. Call to Order The meeting was called to order at 3:31 p.m., with Mayor Ralph presiding. 2. Roll Call Mayor Dana Ralph - Present Councilmember Les Thomas - Present Kim Komoto - Present Sam Grubbs - Present Marvin Berg - Excused Alternate, Steven Barber - Excused 3. Chanoes to the Agenda None, CouncJlmemberThomas moved to approve the agenda as presented, seconded by Sam Grubbs, The motion passed unanimously with a vote of 4-0. 4. Aoproval of Minutes' dated October 19' 2O21 Thomas moved to approve the minutes dated October L9,202t, seconded by Grubbs. The motion passed unanimously with a vote of 4-0. 5. Financial Reoorts Finance Director, Paula Painter provided details of the Cash and Investments as of December 3L, 2O2L and the Statement of Revenues and Expenses as of December 3t,202L. 6. Pension Benefit OverPavment Finance Director, Paula Painter provided details on the pension benefit overpayments and indicated payment plans have been established thatwill begin on April 20,2022' All affected members and/or their surviving spouses have been notified. 7. Change to Benefit Amount charqe Senior Financial Analyst, Susanne Shaw advised of the 4.75o/o COLA for LEOFF members. This change will reduce the City's portion of the benefit charge' 8. Uodate on Recruitment for Position No. 1 City Clerk, Kim Komoto advised of the recent recruitment process for position no' 1. There were not applications received, so Komoto will move forward with formally reelecting Sam Grubbs to position no. 1' 9. Adiournment At 3:40 p.ffi., Mayor Ralph declared the meeting adjourned Firefighter's Relief and Pension Board Minutes April 19, 2022 Kent, Washington ved July L9,2022 moto and Pension Board SecretarY Kimberley A. Firemen's Rel April 19, 2022 Page l2