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Home My WebLink AboutFinal Agenda PacketCITY OF RENTON FIREMEN'S PENSION BOARD Regular Meeting 7th Floor -Mayor's Conference Room ThLIFSday, Nevember 20, 2014 RESCHEDULED: Thursday, December 4, 2014 2:00 P.M. 1. CALLTOORDER 2. APPROVAL OF MINUTES OF SEPTEMBER 18, 2014 3. CORRESPONDENCE Memo to Chief Peterson - Board Member Election Notice 4. MONTHLY STATEMENTS FOR SEPTEMBER 30 & OCTOBER 31, 2014 5. MONTHLY BILLS AND PENSION PAYMENTS 6. UNFINISHED BUSINESS 7. NEW BUSINESS 8. ADJOURNMENT MINUTES FIREMEN'S PENSION BOARD CITY OF RENTON September 18, 2014 Denis Law, Mayor Terri Briere, Council Finance Committee Chair (Substitute: Marcie Palmer, Council Finance Committee Vice -Chair) Jason Seth, Acting 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 2:00 p.m. in the Mayor's office, 7th floor of Renton City Hall. In attendance were Board members Mayor Law, Jason Seth, Acting City Clerk, Ray Barilleaux and Bruce Phillips. Also in attendance: Jill Masunago, Finance Department Representative. MINUTES APPROVAL MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE PENSION BOARD APPROVE THE MINUTES OF THE JULY 17, 2014 MEETING. CARRIED. CORRESPONDENCE Correspondence was entered into the record from City Clerk Bonnie Walton announcing her retirement from the City and the Firemen's Pension Board. Both Mr. Barilleaux and Mr. Phillips expressed gratitude for Bonnie's 12 years of service to the board. MONTHLY STATEMENT The final financial reports of July and August 2014 were reviewed. Total cash/investment balance was as of August 31, 2014 is $4,798,095.01. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY PHILLIPS, SECONDED BY BARILLEAUX, THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS OF $15,270.11 FOR JULY 2014 AND $15,270.11 FOR AUGUST 2014, TO BE PAID BY THE FIREMEN'S PENSION FUND. CARRIED. ADJOURNMENT MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE MEETING OF THE FIREMEN'S PENSION BOARD BE ADJOURNED. CARRIED. Time: 2:05 p.m. Jason Seth, Deputy City Clerk Acting Secretary, Firemen's Pension Board ADMINISTRATIVE SERVICES _ D e""°f -- DEPARTMENT M E M O R A N D U M DATE: November 13, 2014 TO: Mark Peterson, Fire & Emergency Services Administrator FROM: ,Jason Seth, City Clerk SUBJECT: Firemen's Pension Board Term Expiration The two-year term of office for Ray Barilleaux as a member of the Firemen's Pension Board expires on December 31, 2014. An election among the firefighters must be held so that the position may be filled accordingly. Retired members are eligible both to elect and be elected to serve on the board. Following the election, please report the name of the firefighter elected to serve on the board for a two-year term from January 1, 2015 to December 31, 2016. Thank you for your assistance. I can be reached at x6502 if you need additional, information. cc: Erik Wallgren, Deputy Fire Chief Firemen's Pension Board Members IR I. CITY OF RENTON - FIREMEN'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF SEPTEMBER 30, 2014 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 $4,798,095.01 $4,790,246.57 $4,615,528 $4,557,599.37 $4,556,003.05 $4,556,003 RECEIPTS: $2,233,878.12 INVESTMENTS: Fire Insurance Premium Tax 0.00 142,705.88 100,000 0.00 128,865.67 100,000 Investment Interest 639.07 5,608.92 200,000 397.74 298,795.36 200,000 DISBURSEMENTS: The State Investment Pool interest Fire Pension 16,144.55 155,971.84 225,000 15,270.11 188,942.51 225,000 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 AGT.IVF�'.�.., . :: � <'u<`'•�. ,:� < `,-MONTH, . �. . MQ��{ < t�J��O '��;, Q12E .. �3;..: CASH/State Investment Pool $2,638,067.48 $2,653,905.35 $2,220,724.69 $2,233,878.12 INVESTMENTS: Federal National Mortgage Assn 99,555.84 99,555.84 99,555.84 99,555.84 Treasury Strips & Zero Coupon Bonds Interest Receivable 2,038,263.18 2,038,263.18 6,703.03 6,370.64 2,217,524.06 4,922.41 2,217,524.06 6,641.35 `i#9TAL GASHAN4 ,•ESTMEIIYF (, vim :;'-: ,<�:=`$?,7 r589;53rd'T` ;79$;09; !'#��< k,$Ar542,7? .f_t1. ,?$4,557599,,37 The State Investment Pool interest 0.0950% 0.0943% 0.1230% 0.123000/ H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2014.xls\Sep14 Page 1 10/17/2014 5 0 4 0 0 c 3 0 2 1 I CITY OF RENTON - FIREMEN'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF OCTOBER 31, 2014 Fireman's Pension Fund Comparison of Cash and Investment Activity 132014 02013 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec BEGINNING CASH/INV BALANCE $4,782,589.53 $4,790,246.57 RECEIPTS: Fire Insurance Premium Tax 0.00 142,705.88 Investment Interest 923.83 6,532.75 DISBURSEMENTS: 200,000 225,000 Fire Pension 16,144.55 172,116.39 Fire Pension Medical 0.00 0.00 Office/Operating Supplies 475.00 475.00 Actuarial/Firemen's Pens 0.00 0.00 $4,615,528 $4,542,727.00 $4,556,003.05 _ $4,556,003 100,000 0.00 128,865.67 100,000 200,000 528.25 298,795.36 200,000 225,000 15, 770.11 188, 942.51 225,000 0 0.00 0.00 0 475 0.00 475.00 475 15,000 0.00 4,000.00 15,000 H:\FINANCE\FINPLAN\FIREPEN\1 Fire Pension 2014.xls\Oct14 Page 1 11/14/2014 �:i�lllRRENT ^� RE\f�QtJS t LFlST YE9R ,;IASTgY% . ,,, MO ' � PREF? . IiYIVIT,4^.° �;, -� , ritit as MONTH %, c`rCURR -�«°. vm, }ri0 CASH/State Investment Pool $2,621,815.49 $2,638,067.48 $2,205,184.64 $2,220,724.69 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 7,259.30 6,703.03 5,220.60 4,922.41 TOTAL CA�3,`Ii_I)7.1NU,ES7'M,EF�,,TS j $ '"= `;;x,.',66,`89`3.81 ,:�. $4,782;5$9,3-1,527 484 The State Investment Pool interest 0.0987% 0.098000/ 0.1259% 0.1230% H:\FINANCE\FINPLAN\FIREPEN\1 Fire Pension 2014.xls\Oct14 Page 1 11/14/2014 FIREMEN'S PENSION BOARD PENSION/MEDICAL PAYMENTS FOR OCTOBER, 2014 Prior Year Pension/Medical Payments: Total Pension Payments for October, 2013 15,770.11 Total Medical Bills Reimbursed in October, 2013 0.00 Total Expenses: Medical/Pension 15,770.11 4 -SUMMARY 2014.xis 10/9/2014 ANKENY, Charlie (Captain) $73.07 73.07 BARILLEAUX, Ray (Battalion Chief) - - BEATTEAY, Karlen (Widow) $195.24 195.24 BERGMAN, Claudette (Widow) $112.30 112.30 CHRISTENSON, Chuck (Firefighter) $216.97 216.97 GEISSLER, Dick (Fire Chief) - - GOODWIN, Kathryn Lorayne (Widow) $1,033.23 1,033.23 HAWORTH, Constance (Widow) $3,250.93 3,250.93 Estate of HURST, Gerald (d 01/03/2014) - - JONES, Evelyn M. (Widow) $213.69 213.69 LARSON, William (Firefighter)..- - - LAVALLEY,Theodele(Captain) $317.19 317.19 MATTHEW, James (Deputy Chief) - - MC LAUGHLIN, Barbara M. (Widow) $878.80 878.80 NEWTON, Gary (Lieutenant) $230.29 230.29 NICHOLS, Gerald (Battalion Chief) $401.49 401.49 PARKS-ANDREASON, Arlene (Widow) $191.99 191.99 PHILLIPS, Bruce H. (Deputy Chief) $63.21 63.21 PRINGLE, Arthur (Captain) $446.56 446.56 PRINGLE, S. Joan (Widow) $2,792.91 2,792.91 RIGGLE, David E. (Firefighter D Step) $33.93 33.93 RUPPRECHT, Jim (Firefighter D Step) $71.80 71.80 SMITH, Leroy (Firefighter) $389.52 389.52 STROM, Doris (Widow) $3,565.25 3,565.25 TODD, Tess R. (Widow) $454.39 454.39 TONDA, Lila Jean (Widow) - - VACCA, Nick (Lieutenant) $274.99 274.99 WALLS, Camille (Widow) $99.91 99.91 WALLS, Mercedes (Widow) - - WEISS, Cheryl (Widow) $631.58 631.58 WILLIAMS, Alta (Widow) - - WOOTEN, Marilyn E. (Widow) $205.31 205.31 total Expensed Pert cf�Mecl:: i44.55 $0O,p $�fy144,55' Prior Year Pension/Medical Payments: Total Pension Payments for October, 2013 15,770.11 Total Medical Bills Reimbursed in October, 2013 0.00 Total Expenses: Medical/Pension 15,770.11 4 -SUMMARY 2014.xis 10/9/2014 FIREMEN'S PENSION BOARD PENSION/MEDICAL PAYMENTS FOR NOVEMBER, 2014 77 777771tePnu 77777;i�ension Amt " l2drel u Tod. ANKENY, Charlie (Captain) $73.07 73.07 BARILLEAUX, Ray (Battalion Chief) - - BEATTEAY, Karlen (Widow) $195.24 195.24 BERGMAN, Claudette (Widow) $112.30 112.30 CHRISTENSON, Chuck (Firefighter) $216.97 216.97 GEISSLER, Dick (Fire Chief) - - GOODWIN, Kathryn Lorayne (Widow) $1,033.23 1,033.23 HAWORTH, Constance (Widow) $3,250.93 3,250.93 Estate of HURST, Gerald (d 01/03/2014) - - JONES, Evelyn M. (Widow) $213.69 213.69 LARSON, William (Firefighter) - - LAVALLEY, Theodele (Captain) $317.19 317.19 MATTHEW, James (Deputy Chief) - - MC LAUGHLIN, Barbara M. (Widow) $878.80 878.80 NEWTON, Gary (Lieutenant) $230.29 230.29 NICHOLS, Gerald (Battalion Chief) $401.49 401.49 PARKS-ANDREASON, Arlene (Widow) $191.99 191.99 PHILLIPS, Bruce H. (Deputy Chief) $63.21 63.21 PRINGLE, Arthur (Captain) $446.56 446.56 PRINGLE, S. Joan (Widow) $2,792.91 2,792.91 RIGGLE, David E. (Firefighter D Step) $33.93 33.93 RUPPRECHT, Jim (Firefighter D Step) $71.80 71.80 SMITH, Leroy (Firefighter) $389.52 389.52 STROM, Doris (Widow) $3,565.25 3,565.25 TODD, Tess R. (Widow) $454.39 454.39 TONDA, Lila Jean (Widow) - - VACCA, Nick (Lieutenant) $274.99 274.99 WALLS, Camille (Widow) $99.91 99.91 WALLS, Mercedes (Widow) - - WEISS, Cheryl (Widow) $631.58 631.58 WILLIAMS, Alta (Widow) - - WOO TEN, Marilyn E. (Widow) 205.31 alx "'..e`9es::Pension/_.�tledir`j-.,....', P ..„� .�Sw�.,� e'55,-4,`5„5:< Prior Year Pension/Medical Payments: Total Pension Payments for November, 2013 - 15,270.11 Total Medical Bills Reimbursed in November, 2013 0.00 Total Expenses: Medical/Pension 15,270.11 4 SUMMARY 2014.xis 11/7/2014