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Home My WebLink AboutFinal Agenda PacketA 111101":Vk j%IT FIREMEN'S PENSION BOARD Regular Meeting 7th Floor -Mayor's Conference Room Thursday, July 18, 2013 fr.1L1A>«I 1. CALL TO ORDER 2. APPROVAL OF MINUTES OF MAY 16, 2013 3. CORRESPONDENCE Cost of Living Increase - Widows 4. MONTHLY STATEMENTS FOR MAY 31 & JUNE 30, 2013 5. MONTHLY BILLS AND PENSION PAYMENTS 6. UNFINISHED BUSINESS 7. NEW BUSINESS 8. ADJOURNMENT 1' l ITES PENSIONBOARD CITY OF t Denis Law, Mayor Terri Briere, Council Finance Committee Chair (Substitute: Don Persson, Council Finance Committee Vice -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 2:00 p.m. in the Mayor's Conference room, 7th floor of Renton City Hall. In attendance were Board members Mayor Denis Law, Don Persson (substitute), 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 JANUARY 17, 2013 MEETING. CARRIED. MONTHLY STATEMENT The financial reports for December 31, 2012, January 31, 2013, and February 28, 2013, were reviewed. Total cash/investment balance as of February 28, 2013, was $4,522,384.12. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS FOR APRIL AND MAY 2013 IN THE AMOUNTS OF $17,233.61 PER MONTH TO BE PAID FROM 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: 2:11 p.m. Bonnie I. Walton, City Clerk Member and Secretary, Firemen's Pension Board Next Meeting: July 18, 2013 ADMINISTRATIVE SERDEPT. ReriCity Clerk Office t�Gn DATE: July 9, 2013 TO: Members, Firemen's Pension Board FROM: Bonnie Walton, City Clerk/Board Secretary & Member SUBJECT: Cost of Living Increase Payable July 1, 2013 - 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 2.5% annual increase in the CPI percentage for All Urban Consumers in the Seattle area for 2012. 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 2.5% increase, effective July 1, 2013, and paid July 15, 2013. cc: Jill Masunaga, Finance Dept. J W O M Lo O ti M N n M co r N O I� Il W M In M O 4' In m O (— CD m to N m N CD M 0 Q r N h co (D N m m m N m O t) - V'. 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(Widow) $150.19 150.19 LARSON, William (Firefighter) - - LAVALLEY, Theodele (Captain) $235.75 235.75 MATTHEW, James (Deputy Chief) - - MC LAUGHLIN, JACK (Battalion Chief) $871.81 871.81 NEWTON, Gary (Lieutenant) $158.09 158.09 NICHOLS, Gerald (Battalion Chief) $399.75 399.75 PARKS-ANDREASON, Arlene (Widow) $116.20 116.20 PHILLIPS, Bruce H. (Deputy Chief) $66.17 66.17 PRINGLE, Arthur (Captain) $362.34 362.34 PRINGLE, S. Joan (Widow) $2,671.37 2,671.37 RIGGLE, David E. (Firefighter D Step) - - RUPPRECHT, Jim (Firefighter D Step) $12.46 12.46 SMITH, Leroy (Firefighter) $327.07 327.07 STROM, Doris (Widow) $3,410.09 3,410.09 TODD, Franklin (Firefighter) $391.16 391.16 TONDA, Lila Jean (Widow) - - VACCA, Nick (Lieutenant) $205.42 205.42 WALLS, Camille (Widow) $37.78 37.78 WALLS, Mercedes (Widow) - - WEISS, Cheryl (Widow) $627.44 627.44 WILLIAMS, Alta (Widow) - - WOOTEN, Marilyn E. (Widow) $145.81 145.81 Total Expenses: Pension/Medical $15,040.34 $0,00 $15,040.34',` Prior Year Pension/Medical Payments: Total Pension Payments for June, 2012 16,991.98 Total Medical Bills Reimbursed in June, 2012 0.00 Total Expenses: Medical/Pension 16,991.98 4 -SUMMARY 2013.XLS 06/07/2013 FIREMEN'S PENSION BOARD PENSION/MEDICAL PAYMENTS FOR JULY, 2013 Recipient Pension Amt Medical Total ANKENY, Charlie (Captain) - - BARILLEAUX, Ray (Battalion Chief) - - BEATTEAY, Karlen (Widow) $134.08 134.08 BERGMAN, Claudette (Widow) $53.19 53.19 CHRISTENSON, Chuck (Firefighter) $146.88 146.88 GEISSLER, Dick (Fire Chief) - - GOODWIN, Kathryn Lorayne (Widow) $946.20 946.20 HAWORTH, Constance (Widow) $3,187.19 3,187.19 HURST, Gerald (Firefighter) $461.64 461.64 JONES, Evelyn M. (Widow) $150.19 150.19 LARSON, William (Firefighter) - - LAVALLEY, Theodele (Captain) $235.75 235.75 MATTHEW, James (Deputy Chief) - - MC LAUGHLIN, JACK (Battalion Chief) $871.81 871.81 NEWTON, Gary (Lieutenant) $158.09 158.09 NICHOLS, Gerald (Battalion Chief) $399.75 399.75 PARKS-ANDREASON, Arlene (Widow) $116.20 116.20 PHILLIPS, Bruce H. (Deputy Chief) $66.17 66.17 PRINGLE, Arthur (Captain) $362.34 362.34 PRINGLE, S. Joan (Widow) $2,738.15 2,738.15 RIGGLE, David E. (Firefighter D Step) - - RUPPRECHT, Jim (Firefighter D Step) $12.46 12.46 SMITH, Leroy (Firefighter) $327.07 327.07 STROM, Doris (Widow) $3,495.34 3,495.34 TODD, Franklin (Firefighter) $391.16 391.16 TONDA, Lila Jean (Widow) - - VACCA, Nick (Lieutenant) $205.42 205.42 WALLS, Camille (Widow) $37.78 37.78 WALLS, Mercedes (Widow) - - WEISS, Cheryl (Widow) $627.44 627.44 WILLIAMS, Alta (Widow) - - WOOTEN, Marilyn E. (Widow) $145.81 145.81 Total Expenses: Pension/Medical $15,27L 11-L $0.00 $15,270.11'' Received a 2.5% CPI increase effective July 1 per RCW 41.16.145. Prior Year Pension/Medical Payments: Total Pension Payments for July, 2012 17,233.61 Total Medical Bills Reimbursed in July, 2012 0.00 Total Expenses: Medical/Pension 17,233.61 4 -SUMMARY 2013.XLS 07/10/2013