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Home My WebLink AboutFinal Agenda PacketCITY OF RENTON FIREMEN'S PENSION BOARD Regular Meeting 7th Floor -Mayor's Conference Room Thursday, August 18, 2011 2:00 P.M. 1. CALL TO ORDER APPROVAL OF MINUTES OF JULY 21, 2011 3. CORRESPONDENCE 4. MONTHLY STATEMENT TO JULY 31, 2011 5. MONTHLY BILLS AND PENSION PAYMENTS 7. NEW BUSINESS 8. ADJOURNMENT 10ill►l1Jt11:141 FIREMEN'S PENSION BOARD CITY OF RENTON July 21, 2011 Denis Law, Mayor Don Persson, 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 2:00 p.m. in the Mayor's Conference room, 7th floor of Renton City Hall. In attendance were Board members Denis Law, Don Persson, 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 JUNE 16, 2011 MEETING. CARRIED. CORRESPONDENCE Bonnie Walton presented the annual recommendation for Cost of Living Increase payable to widows on July 31, 2011, as required under RCW 41.18.104. The Consumer Price Index 2010 annual average increase for the Seattle -Tacoma -Bremerton area for All Urban Consumers was .3%. MOVED BY WALTON, SECONDED BY PHILLIPS TO APPROVE A 2% COST OF LIVING INCREASE FOR WIDOWS PER RCW 41.16.145, EFFECTIVE JULY 1, 2011 AND PAYABLE JULY 31, 2011. CARRIED. MONTHLY STATEMENT The financial report as of June 30, 2011, was reviewed. Total cash/investment balance was $4,260.417.02. NTHLY BILLS AND PENSION PAYMENTS MOVED BY PHILLIPS, SECONDED BY BARILLEAUX, THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS FOR MAY 2011, IN THE TOTAL AMOUNT OF $24,216.77 TO BE PAID FROM THE FIREMEN'S PENSION FUND. CARRIED. It was pointed out that the payment total includes the 2% increase for widows as was previously approved. ADJOURNMENT MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE MEETING OF THE FIREMEN'S PENSION BOARD BE ADJOURNED. CARRIED. Time: 2:12 p.m. Bonnie I. Walton, City Clerk Member and Secretary, Firemen's Pension Board CITY OF RENTON - FIREMEN'S PENSION CASH & INVESTMENT ACTIVITY REPORT AS OF Report will be distributed at the meeting on Thursday, August 18, 2011 H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2011.xls\Ju111 draft Page 1 08/10/2011 FIREMEN'S PENSION BOARD PENSION/MEDICAL PAYMENTS FOR AUGUST, 2011 Recipient Pension Amt Medical Total ANKENY, Charlie (Captain) $127.61 127.61 BARILLEAUX, Ray (Battalion Chief) - - BEATTEAY, Karlen (Widow) $226.83 226.83 BERGMAN, Claudette (Widow) $148.67 148.67 CHRISTENSON, Chuck (Firefighter) $253.70 253.70 GEISSLER, Dick (Fire Chief) - - GOODWIN, Charles (Captain) $4,273.00 - 4,273.00 GOODWIN, Donald (Firefighter) $1,021.74 1,021.74 HAWORTH, Constance (Widow) $3,027.70 3,027.70 HAWORTH, Jack (Firefighter) deceased 01/14/2011 - - HENRY, William, Jr. (Captain) $1,343.97 1,343.97 HURST, Gerald (Firefighter) $542.46 542.46 JONES, Evelyn M. (Widow) $246.16 246.16 LARSON, William (Firefighter) - - LAVALLEY, Theodele (Captain) $355.59 355.59 MATTHEW, James (Deputy Chief) - - MC LAUGHLIN, JACK (Battalion Chief) $1,001.63 1,001.63 NEWTON, Gary (Lieutenant) $268.07 268.07 NICHOLS, Gerald (Battalion Chief) $530.92 530.92 PARKS-ANDREASON, Arlene (Widow) $330.09 330.09 PHILLIPS, Bruce H. (Deputy Chief) $246.21 246.21 PRINGLE, Arthur (Captain) $477.17 477.17 PRINGLE, S. Joan (Widow) $2,601.14 2,601.14 RIGGLE, David E. (Firefighter D Step) $76.25 76.25 RUPPRECHT, Jim (Firefighter D Step) $111.62 111.62 SMITH, Leroy (Firefighter) $407.57 407.57 STROM, Doris (Widow) $3,320.44 31320.44 TODD, Franklin (Firefighter) $468.15 468.15 TONDA, Lila Jean (Widow) - - VACCA, Nick (Lieutenant) $307.01 307.01 WALLS, Camille (Widow) $139.90 139.90 WALLS, Mercedes (Widow) $104.07 104.07 WEISS, Cheryl (Widow) $764.51 764.51 WILLIAMS, Alta (Widow) - - WOOTEN, Marilyn E. (Widow) $235.15 235.15 Total Expenses: `Pension/Medical $22;957:33 $0.00 $22,957:33 Prior Year Pension/Medical Payments: Total Pension Payments for August, 2010 30,020.92 Total Medical Bills Reimbursed in August, 2010 85.21 Total Expenses: Medical/Pension 30,106.13 4 -SUMMARY 2011.XLS 08/10/2011 r , . y 4 � � FIREMEN'S PENSION BOARD MEDICAL BILLS TO BE REIMBURSED IN AUGUST, 2011 PAYMENT Pa e Name Pharmac lMedical Facili Date Amount of'Bill Charles Goodwin 0.00 TOTAL 0.00 3_2Q9 t FP Medical.XLS Page 1 of 1 08J9012091 1 � � CITY OF RENTON - FIREMEN'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF JULY 31, 2011 Fireman's Pension Fund Comparison of Cash and Investment Activity 6 ■2011 �2010 5 � � �a 04 ❑ 0 0 3 � 2 1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 'i�i��'�� =�:6:,3�>�� (�i�i.t,,� tllt .. �i��Ii�" � � � -� ��€ �� `�F��„iiq '�� p��Ii - �:'� �� ,,,..�I'i��W � _'��{}-T �`�'19.�3"',,' � ,�n'�l 0 �.4. _ �J��It,y-e+� � i i � ��i� �� iry�'�"4a�� i��i�i Iii ��*�� tiC�� '" 5ii cil��i ��' �� y �� lit�,�I�v^� �i,i� � . §s�U��+ir�� ' � ti.�.ti�f��P� � �,�€ h?' ,� �: �"� �a�'�i ir" �{� I��,_m�� !U�� ' ��Ni�II"�a{�,O.�+l��r'� +��t�� , ,��'�, �}��,7��i. BEGINNING CASH/INV BALANCE $4,260,417.02 $4,286,248.18 $3,895,540 $4,260,642.28 $4,332,817.48 $3,895,540 RECEIPTS: Fire Insurance Premium Tax 0.00 114,601.73 100,000 0.00 112,686.00 100,000 Investment interest* 917.58 4,318.22 200,000 1,717.87 206,044.57 200,000 DISBURSEMENTS: Fire Pension 22,957.33 165,601.09 525,000 30,020.92 359,681.47 525,000 Fire Pension Medical 1,259.44 2,449.21 25,000 0.00 5,149.19 25,000 Office/Operating Supplies 0.00 0.00 475 99.27 469.21 475 Actuarial/Firemen's Pens 0.00 0.00 0 0.00 0.00 0 Reimb General/Clerical&Acct 0.00 0.00 0 0.00 0.00 0 4l`[�!lY�i ��71 il��.'� IlF4?�i �ii�� f�`F�G�a7'7��11 �"['C�� 7�:F��I��II��II�, ,�J�G1Y*,7.�'YMw! � ��3� ��YX.�=,�,-�'�#'G.WVM�,�,+�� 'e f '-p".��J'�. il �siEtlii�i ;4.k,� 7,s; 5i µ�9ji i r"m;; V i�� ; ikal ��'�H Io i ilt4�� ._.;��d) �pry��II�#� � � �?�y. �� X�w�r p 4`�'`xl��4 P�t ,.. �'�tlii�r i Ih Ii��, �Ii�[ .= � a� ;6 � "{a��a 4 n—�#1 i � 4�,s.�e i .,,,., r�ryl�'II�i��Y' �h��an,.'i��I�,'' ;4r�ti7,1i51q li '% �' �� (q4 ��`�. � s!�$Pt � d0� 4 �I �y�ilP e�r�c—� �t��i��r � ih�a ,,I i I �_, �� f�T�y c' . 4 ��i '_�'� t .r ��G��p t 4 � �- . i�� p� �aul��i�,' > mF�iwi` �3,��y9P Ii j.; v��€��,,' n;,j" -��i a =iilii4N��„ : 'Eii M��'� ��`h�AY#��T� ��,� .�i��::S�'i,��'�CU ' hif CASH/State Investment Pool $1,527,084.64 $1,550,963.25 $1,351,732.12 $1,381,309.26 INVESTMENTS: Federal National Mortgage Assn 99,555.84 99,555.84 99,555.84 99,555.84 Treasury Strips&Zero Coupon Bonds 2,606,098.10 2,606,098.10 2,767,916.83 2,767,916.83 Interest Receivable 4,379.25 3,799.83 13,035.17 11,859.89 `�`O�"'1�1L CA�F�%� C?1�11/ES�� S � 4a �<<�T';" '� ,��Ii��;�'��mF �� al�a�'wv:u : '�> 7�'� 'iP.�33 _ ��f¢�1"�"�;�'�a(III�iI��,��,�''��i`°�"$4�2Cs��6��r� � The State Investment Pool interest 0.1561% 0.1583% 0.2762% 03014% H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2011.x1s\Ju111 final Page 1 08/17/2011