HomeMy WebLinkAboutFinal Agenda Packet!UFMUTI •
FIREMEN'S PENSION BOARD
Regular Meeting
7th Floor -Mayor's Conference Room
Thursday, July 15, 2014
P011la► 1
1. CALL TO ORDER
2. APPROVAL OF MINUTES OF MAY 15, 2014 .
3. CORRESPONDENCE
4. MONTHLY STATEMENTS FOR MAY 31 & JUNE 30, 2014
5. MONTHLY BILLS AND PENSION PAYMENTS
Cost of Living increase - Widows
6. UNFINISHED BUSINESS
Update on Connie Haworth's address
7. NEW BUSINESS
8. ADJOURNMENT
Denis Law, Mayor
Terri Briere, Council Finance Committee Chair
Bonnie Walton, City Clerk
Ray Barilleaux, Fire Department Representative
Bruce Phillips, Fire Department Representative
Chuck Christensen, Fire Department Alternate
The regular meeting of the Firemen's Pension Board was called to order by Mayor Denis Law at 2:05 p.m. in
the Mayor's Conference room, 7th floor of Renton City Hall. In attendance were Board members Mayor Denis
Law, Ray Barilleaux, Bruce Phillips, and Bonnie Walton. Also present was Jill Masunaga, Finance Department
Representative.
MINUTES APPROVAL
MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE PENSION BOARD APPROVE THE MINUTES OF THE MAY
15, 2014 MEETING. CARRIED.
CORRESPONDENCE
Bonnie Walton presented a certification she had submitted to the State Treasurer for purposes of receiving
the annual fire insurance premium tax. The certification verified that the City had 138 paid firefighters
employed in the City as of December 31, 2013.
MONTHLY STATEMENT
The financial reports for March 31, 2014 and April 30, 014 were reviewed. Total cash/investment balance as
of April 30, 2014 was $4,732,554.60.
MONTHLY BILLS AND PENSION PAYMENTS
MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE BOARD APPROVE THE PENSION PAYMENTS FOR APRIL
AND MAY 2014 IN THE AMOUNT OF $14,169.23 FOR EACH MONTH RESPECTIVELY TO BE PAID FROM THE
FIREMEN'S PENSION FUND. CARRIED.
NEW BUSINESS
Ray Barilleaux reported that he had a lead on the address for Connie Haworth. He stated he would follow up.
It was MOVED BY PHILLIPS, SECONDED BY BARILLEAUX THAT CONFIRMATION OF PENSIONER'S ADDRESSES BE
MADE ANNUALLY. CARRIED
ADJOURNMENT
MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE MEETING OF THE FIREMEN'S PENSION BOARD BE
ADJOURNED. CARRIED. Time: 2:18 p.m.
Bonnie I. Walton, City Clerk
Member and Secretary, Firemen's Pension Board
Next Meeting: July 17, 2014
ADMINISTRATIVE
OfficeCity of
City Clerk .:Ren.. on
• " A N I, U PTI
DATE: July 10, 2014
TO: Members, Firemen's Pension Board
FROM: Bonnie Walton, City Clerk/Board Member &Secretary
SUBJECT: Cost of Living Increase Payable July 1, 2014 - Widows
Washington State Law (RCW 41.18.104) requires that the Firemen's Pension Board meet
each year for the purpose of adjusting benefit allowances for widows of firemen
pensioned prior to the LEOFF Act (March 1970). The Board must determine benefits
according to the increase in the Consumer Price Index for the previous calendar year for
the Seattle, Washington area as compiled by the Bureau of Labor Statistics of the United
States Department of Labor.
The Bureau has updated its form for this year and has reported a 1.2% annual increase
in the CPI percentage for All Urban Consumers in the Seattle area for 2013. A copy of
the report is attached.
RCW 41.16.145 requires a minimum increase of 2% annually, regardless of the
Consumer Price Index. I recommend that the Board adopt a 2% increase, effective July
1, 2014, and paid July 15, 2014.
cc: Jill Masunaga, Finance Dept.
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COITY OF RENTON - FIREMEN'S PENSION FUN
CASH & INVESTMENT ACTIVITY REPORT
AS OF
MAY 1
Fireman's Pension Fund Comparison of Cash and Investment Activity
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
BEGINNING CASH/INV BALANCE $4,732,554.60 $4,790,246.57
RECEIPTS:
Fire Insurance Premium Tax
142,705.88
142,705.88
Investment Interest
744.92
3,279.27
DISBURSEMENTS:
200,000
225,000
Fire Pension
14,169.23
74,395.55
Fire Pension Medical
0.00
0.00
Office/Operating Supplies
0.00
0.00
Actuarial/Firemen's Pens
0.00
0.00
CASH/State Investment Pool
INVESTMENTS:
Federal National Mortgage Assn
Treasury Strips & Zero Coupon Bonds
Interest Receivable
$4,615,528 $4,487,345.43 $4,556,003.05 $4,556,003
100,000
128, 865.67
128, 865.67
100,000
200,000
501.52
298,795.36
200,000
225,000
15, 040.34
188, 942.51
225,000
0
0.00
0.00
0
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0.00
475.00
475
15,000
0.00
4,000.00
15,000
$2,718,601.29
$2,586,981.47
$2,279,356.81
$2,165,507.08
99,555.84
99,555.84
99,555.84
99,555.84
2,038,263.18
2,038,263.18
2,217,524.06
2,217,524.06
5,415.86
7,754.11
5,235.57
4,758.45
The State Investment Pool interest 0.0920% 0.1011% 0.1341% 0.1670%
H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2014.xis\May14 Page 1 7/11/2014
CITY OF ON PENSION FUNI
CASH
AS OF JUNE 30, 2014
H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2014.xls\Jun14 draft Page 1 7/11/2014
� �
FIREMEN'S PENSION BOARD
PENSION/MEDICAL PAYMENTS FOR JUNE,2014
Recipient Pension Amt Medical: Total '
ANKENY,Charlie(Captain) - _
BARILLEAUX, Ray(Battalion Chief) - _
BEATTEAY;Karlen (Widow) $95.24 95.24
BERGMAN,Claudette(Widow) $14.30 14.30
CHRISTENSON,Chuck(Firefighter) $102.49 102.49
GEISSLER, Dick(Fire Chiefj - _
GOODWIN, Kathryn Lorayne(Widow) $906.63 906.63
HAWORTH,Constance(Widow) $3,187.19 3,187.19
HURST,Gerald(Firefighter)(d Ol/03/2014J - -
JONES, Evelyn M.(Widow) $110.19 110.19
LARSON,William(Firefighter) - _
LAVALLEY,Theodele(Captain) $185.19 185.19
MATTHEW,James(Deputy Chief) - _
MC LAUGHLIN,Barbara M. (Widow) $865.46 865.46
NEWTON,Gary(Lieutenant) $112.29 112.29
NICHOLS, Gerald(Battalion Chief) $389.99 389.99
PARKS-ANDREASON,Arlene(Widow) $67.19 67.19
PHILLIPS, Bruce H. (Deputy Chief} $49.41 49.41
PRINGLE,Arthur(Captain) $312.56 312.56
PRINGLE,S.Joan(Widow) $2,738.15 2,738.15
RIGGLE, David E.(Firefighter D Step) - -
RUPPRECHT,Jim(Firefighter D Step) - -
SMITH, Leroy(Firefighter) $291.52 291.52
STROM, Doris(Widow) $3,495.34 3,495.34
TODD,Tess R. (Widow) $35639 356.39
TONDA, Lila Jean(Widow) - _
VACCA, Nick(Lieutenant) $162.49 162.49
WALLS,Camille(Widow) - _
WALLS, Mercedes(Widow) - _
WEISS,Cheryl(Widow) $618.70 618.70
WILLIAMS,Atta(Widow) - _
WOOTEN, Marilyn E.(Widow) $108.51 108.51
Total Expenses: Pension/Medical $14,169.23 $0.00 $14,169.23
Prior Year Pension/Medical Payments:
Total Pension Payments for June,2013 15,040.34
Total Medical Bills Reimbursed in June,2013 0.00
Total Expenses: Medical/Pension 15,040.34
4_SUMMARY 2014.x1s 6/10/2014
, , .
� �
FIREMEN'S PENSION BOARD
PENSION/MEDICAL PAYMENTS FOR JULY, 2014
Recipient Pension Amt Medical Total
ANKENY,Charlie(Captain) - -
BARILLEAUX, Ray(Battalion Chief) - -
BEATTEAY, Karlen(Widow) $95.24 95.24
BERGMAN,Claudette(Widow) $14.30 1430
CHRISTENSON,Chuck(Firefighter) $102.49 102.49
GEISSLER, Dick(Fire Chief) - -
GOODWIN, Kathryn Lorayne(Widow) $906.63 906.63
* HAWORTH, Constance(Widow) $3,250.93 3,250.93
HURST,Gerald (Firefighter)(d 01/03/2014) - -
JONES, Evelyn M.(Widow) $110.19 110.19
LARSON,Wiiliam(Firefighter) - -
LAVALLEY,Theodele(Captain) $185.19 185.19
MATfHEW,lames(Deputy Chief) - -
MC LAUGHLIN, Barbara M.(Widow) $865.46 865.46
NEWTON,Gary(Lieutenant) $112.29 112.29
NICHOLS,Gerald(Battalion Chief) $389.99 389.99
PARKS-ANDREASON,Arlene(Widow) $67.19 67.19
PHILLIPS, Bruce H.(Deputy Chief) $49.41 49.41
PRINGLE,Arthur(Captain) $312.56 312.56
* PRINGLE,S.Joan(Widow) $2,792.91 2,792.41
RIGGLE, David E.(Firefighter D Step) - -
RUPPRECHT,Jim(Firefighter D Step) - -
SMITH, Leroy(Firefighter) $291.52 291.52
* STROM, Doris(Widow) $3,565.25 3,565.25
TODD,Tess R. (Widow) $35639 356.39
TONDA, Lila Jean(Widow) - -
VACCA, Nick(Lieutenant) $162.49 162.49
WALLS,Camille(Widow) - -
WALLS, Mercedes(Widow) - -
WEISS,Cheryi(Widow) $618.70 618.70
WILLIAMS,Alta(Widow) - -
WOOTEN, Marilyn E.(Widow) $108.51 108.51
Total Expenses: Pension/Medica! $14,357.64 $0.00 $14,357.64
* Received a 2.00 CPI increase effective July 1 per RCW 41.16.145.
Prior Year Pension/Medical Payments:
Total Pension Payments for July,2013 15,270.11
Total Medical Bills Reimbursed in July, 2013 0.00
Total Expenses: Medical/Pension 15,270.11
4_SUMMARY 2014.x1s 7/9/2014
• �° ""'�w:
CITY OF RENTON - FIREMEN'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
AS OF JUNE 30, 2014
Fireman's Pension Fund Comparison of Cash and Investment Activitv
6
■2014 02013
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BEGINNING CASH/INV BALANCE $4,861,836.17 $4,790,246.57 $4,615,528 $4,601,672.28 $4,556,003.05 $4,556,003
RECEIPTS:
Fire Insurance Premium Tax 0.00 142,705.88 100,000 0.00 128,865.67 100,000
Investment Interest 551.34 3,830.61 200,000 500.88 298,795.36 200,000
DISBURSEMENTS:
Fire Pension 14,169.23 88,564.78 225,000 15,040.34 188,942.51 225,000
Fire Pension Medical 0.00 0.00 0 0.00 0.00 0
Office/Operating Supplies 0.00 0.00 475 0.00 475.00 475
Actuarial/Firemen's Pens 0.00 0.00 15,000 0.00 4,000.00 15,000
�ititRlN���1� :� �1���� ..s��.���,�18A� �+ �` la�,��;��$�2$ i ��;�7�,���'�« ���� °���^��'�� ;��€��d5�'������.'���'��; 2�'
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CASH/State Investment Pool $2,704,902.58 $2,718,601.29 $2,264,338.33 $2,279,356.81
INVESTMENTS:
Federal National Mortgage Assn 99,555.84 99,555.84 99,555.84 99,555.84
Treasury Strips&Zero Coupon Bonds 2,038,263.18 2,038,263.18 2,217,524.06 2,217,524.06
Interest Receivable 5,496.68 5,415.86 5,714.59 5,235.57
"�#�"�"�" �, ,� �aM ' T �� i�" ��iiii '�;� e�,r' �w�32 �. � r " , ��� ,� , ,�32.$�,� �"."�;Eitl'i;
�';� „� d ;� �;�,�.� ,��€�! "K! .$�B�IS,�� �� ,.�°�� .'�7' `-$4`�87 ti � �:28 i.
The State Investment Pool interest 0.0870% 0.0920% 0.1236% 0.1341%
H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2014.xis\Junl4wip Page 1 7/17/2014