HomeMy WebLinkAboutFinal Agenda PacketCITY OF RENTON
FIREMEN'S PENSION BOARD
Regular Meeting
7th Floor -Mayor's Conference Room
Monday, July 23, 2012
2:00 P.M.
1. CALL TO ORDER
2. APPROVAL OF MINUTES OF JUNE 21, 2012
3. CORRESPONDENCE
a. Cost of Living Increase - Widows
4. MONTHLY STATEMENT TO JUNE 30, 2012
5. MONTHLY BILLS AND PENSION PAYMENTS
6. UNFINISHED BUSINESS
7. NEW BUSINESS
8. ADJOURNMENT
MINUTES
FIREMEN'S PENSION BOARD
CITY OF RENTON
June 21, 2012
Denis Law, Mayor
Terri Briere, Council Finance Committee Chair
(Substitute: Don Persson, Council Finance Committee Member)
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 Acting Chairman
Don Persson at 2:05 p.m. in the Mayor's Conference room, 7th floor of Renton City Hall. In
attendance were Board members, Don Persson, Ray Barilleaux, and Bonnie Walton. Also in
attendance was Jill Masunaga, Finance Department Representative.
MINUTES APPROVAL
MOVED BY BARILLEAUX, SECONDED BY WALTON, THE PENSION BOARD APPROVE THE
MINUTES OF THE MAY 17, 2012 MEETING. CARRIED.
MONTHLY STATEMENT
The financial report for May 31, 2012, was reviewed. Total cash/investment balance was
$4,394,558.41.
MONTHLY BILLS AND PENSION PAYMENTS
MOVED BY BARILLEAUX, SECONDED BY WALTON, THE BOARD APPROVE THE
PENSION/MEDICAL PAYMENTS FOR JUNE 2012, IN THE TOTAL AMOUNT OF $16,991.98 TO BE
PAID FROM THE FIREMEN'S PENSION FUND. CARRIED.
ADJOURNMENT
MOVED BY WALTON, SECONDED BY BARILLEAUX, THE MEETING OF THE FIREMEN'S PENSION
BOARD BE ADJOURNED. CARRIED. Time: 2:17 p.m.
Bonnie I. Walton, City Clerk
Member and Secretary, Firemen's Pension Board
ADMINISTRATIVE SERVICES DEPT. ® o city of
City Clerk Office
1f+
DATE: July 9, 2012
TO: Members, Firemen's Pension Board
FROM: Bonnie Walton, City Clerk/Board Secretary & Member
SUBJECT: Cost of Living Increase Payable July 1, 2012 - 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 2.7% annual increase
in the CPI percentage for All Urban Consumers in the Seattle area for 2011. 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 2.7% increase, effective
July 1, 2012, and paid July 15, 2012.
cc: Jill Masunaga, Finance Dept.
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CITY OF • PENSION
CASH & INVESTMENT ACTIVITY REPORT
AS OF t
, 2012
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
$4,394,558.41
$4,377,696.45
RECEIPTS:
200,000
982.84
Fire Insurance Premium Tax
0.00
119,667.72
Investment Interest
10.60
2,883.31
DISBURSEMENTS:
0.00
3,937.68
Fire Pension
16,991.98
122,104.41
Fire Pension Medical
0.00
566.04
Office/Operating Supplies
0.00
0.00
Actuarial/Firemen's Pens
0.00
0.00
Reimb General/Clerical & Acct
0.00
0.00
$4,377,696 $4,167,614.30 $4,286,248.18 $4,286,248
100,000
114, 601.73
115, 054.06
100,000
200,000
982.84
269,981.38
200,000
525,000
22,781.85
280,887.74
525,000
25,000
0.00
3,937.68
25,000
475
0.00
411.75
475
0
0.00
8,350.00
15,000
0
0.00
0.00
0
CASH/State Investment Pool
$1,865,870.85
$1,881,582.58
$1,550,963.25
$1,458,119.53
INVESTMENTS:
Federal National Mortgage Assn
99,555.84
99,555.84
99,555.84
99,555.84
Treasury Strips & Zero Coupon Bonds
2,406,901.08
2,406,901.08
2,606,098.10
2,606,098.10
Interest Receivable
5,249.26
6,518.91
3,799.83
3.840.83
The State Investment Pool interest 0.1746% 0.1443% 0.1583% 0.1394%
H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension 2012.xls\Jun12 final Page 1 07/19/2012
FIREMEN'S PENSION BOARD
PENSION/MEDICAL PAYMENTS FOR JULY, 2012
Received a 2.7% CPI increase effective July 1 per RCW 41.16.145.
Prior Year Pension/Medical Payments:
Total Pension Payments for July, 2011 22,957.33
Total Medical Bills Reimbursed in July, 2011 1,259.44
Total Expenses: Medical/Pension 24,216.77
4 -SUMMARY 2012.XLS 07/09/2012
Pension Amt.,
" `Medical
ANKENY, Charlie (Captain)
$103.20
103.20
BARILLEAUX, Ray (Battalion Chief)
-
_
BEATTEAY, Karlen (Widow)
$212.94
212.94
BERGMAN, Claudette (Widow)
$132.15
132.15
CHRISTENSON, Chuck (Firefighter)
$237.01
237.01
GEISSLER, Dick (Fire Chief)
-
_
GOODWIN, Charles (Captain) deceased 01108/2012
-
_
GOODWIN, Kathryn Lorayne (Widow)
$1,026.55
1,026.55
HAWORTH, Constance (Widow)
$3,109.45
3,109.45
HENRY, William, Jr. (Captain) deceased 04/25/2012
-
-
HURST, Gerald (Firefighter)
$536.68
536.68
JONES, Evelyn M. (Widow)
$231.41
231.41
LARSON, William (Firefighter)
-
-
LAVALLEY, Theodele (Captain)
$338.41
338.41
MATTHEW, James (Deputy Chief)
-
-
MC LAUGHLIN, JACK (Battalion Chief)
$995.39
995.39
NEWTON, Gary (Lieutenant)
$251.08
251.08
NICHOLS, Gerald (Battalion Chief)
$515.00
515.00
PARKS-ANDREASON, Arlene (Widow)
$313.60
313.60
PHILLIPS, Bruce H. (Deputy Chief)
$214.72
214.72
PRINGLE, Arthur (Captain)
$463.41
463.41
PRINGLE, S. Joan (Widow)
$2,671.37
2,671.37
RIGGLE, David E. (Firefighter D Step)
$57.50
57.50
RUPPRECHT, Jim (Firefighter D Step)
$93.99
93.99
SMITH, Leroy (Firefighter)
$399.25
399.25
STROM, Doris (Widow)
$3,410.09
3,410.09
TODD, Franklin (Firefighter)
$461.75
461.75
TONDA, Lila Jean (Widow)
-
_
VACCA, Nick (Lieutenant)
$292.58
292.58
WALLS, Camille (Widow)
$121.78
121.78
WALLS, Mercedes (Widow)
$70.69
70.69
WEISS, Cheryl (Widow)
$752.07
752.07
WILLIAMS, Alta (Widow)
-
-
WOOTEN, Marilyn E. (Widow)
$221.54
221.54
Total Expenses: _6nsionf Medical_
$17,233:61
$0.00
_ $17,233.61
Received a 2.7% CPI increase effective July 1 per RCW 41.16.145.
Prior Year Pension/Medical Payments:
Total Pension Payments for July, 2011 22,957.33
Total Medical Bills Reimbursed in July, 2011 1,259.44
Total Expenses: Medical/Pension 24,216.77
4 -SUMMARY 2012.XLS 07/09/2012