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HomeMy WebLinkAbout07-21-16 - Signed MinutesMINUTES FIREFIGHTERS' PENSION BOARD CITY OF RENTON July 21,2016 Denis Law, Mayor-ABSENT Don Persson, Finance Committee Chair-ABSENT Jason Seth, City Clerk Ray Barilleaux, Fire Department Representative Bruce Phillips, Fire Department Representative Jill Masunaga, Finance Department Representative The regular meeting of the Firefighters' Pension Board was called to order by Fire Department Representative Ray Barilleaux at 2:06 p.m. in the Mayor's office, 7th floor of Renton City Hall. In attendance were Board members City Clerk Jason Seth, Fire Department Representatives Ray Barilleaux and Bruce Phillips, and Finance Department Representative Jill Masunaga. MINUTES APPROVAL MOVED BY BARILLEAUX, SECONDED BY SETH,THE PENSION BOARD APPROVE THE MINUTES OF THE MAY 19, 2016 MEETING. CARRIED. CORRESPONDENCE Memorandum from City Clerk Jason Seth was reviewed regarding the Cost of Living Increase for Widows payable July 1, 2016.The minimum 2% increase became effective July 1, 2016. MONTHLY STATEMENT The May 31 and June 30, 2016 financial reports were reviewed.Total cash/investment balance was, as of June 30, 2016, $5,357,352.19. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY BARILLEAUX,SECONDED BY SETH,THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS OF$15,965.53 FOR JUNE 2016 AND$18,394.14 FOR JULY 2016 TO BE PAID BY THE FIREFIGHTERS' PENSION FUND. CARRIED. UNFINISHED BUSINE55 None. NEW BUSINESS Jill Masunaga, Finance Department Representative, was asked to send out the annual identification verification notice. ADJOURNMENT MOVED BY PHILLIPS, SECONDED BY SETH,THE MEETING OF THE FIREFIGHTERS' PENSION BOARD BY ADJOURNED. CARRIED.TIME: 2:08 p.m. so eth, Cit Secretary, Firefighters' Pension Board AGENDA ITEM #2. a)