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Home My WebLink AboutFinal Agenda Packet '�+" �r,r3 CITY OF RENTON FIREMEN'S PENSION BOARD Regular Meeting 7th Floor-Mayor's Conference Room Thursday, September 18, 2014 2:00 P.M. 1. CALL TO ORDER 2. APPROVAL OF MINUTES OF JULY 17, 2014 3. CORRESPONDENCE Board Retirement - Bonnie Walton 4. MONTHLY STATEMENTS FOR JULY 31 &AUGUST 31, 2014 5. MONTHLY BILLS AND PENSION PAYMENTS 6. UNFINISHED BUSINESS 7. NEW BUSINESS 8. ADJOURNMENT � MINUTES �" FIREMEN'S PENSION BOARD CITY OF RENTON July 17, 2014 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 2:00 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 WITH CORRECTION OF THE MONTH FROM MAY TO MARCH UNDER MINUTES APPROVAL. CARRIED. MONTHLY STATEMENT The financial reports for May 31, 2014 and June 30, 2014 were reviewed. Total cash/investment balance as of June 30, 2014 was$4,848,218.28. MONTHLY BILLS AND PENSION PAYMENTS Bonnie Walton presented the US Bureau of Labor Statistics report indicating a 1.2% annual increase in the Consumer Price Index (CPI) percentage for All Urban Consumers in the Seattle area for 2013. She recommended the Board adopt a 2% increase for widows of firemen pensioned prior to the LEOFF Act (March 1970) effective July 1, 2014, as authorized by RCW 41.16.145. MOVED BY PHILLIPS, SECONDED BY BARILLEAUX,THE BOARD APPROVE THE PENSION PAYMENT FOR JUNE 2014 IN THE AMOUNT OF $14,169.23 AND THE PENSION PAYMENT FOR JULY 2014 IN THE AMOUNT OF $14,357.64 TO INCLUDE THE RECOMMENDED CPI INCREASE, EACH TO BE PAID FROM THE FIREMEN'S PENSION FUND. CARRIED. UNFINISHED BUSINESS Bonnie Walton reported on her success in tracking down the current Orting, Washington address and phone number of Connie Haworth. She distributed the information and suggested that Ray Barilleaux and/or Bruce Phillips may want to contact her directly to confirm the information. NEW BUSINESS Jill Masunaga reported that the Firefighters Local 864 labor agreement had been settled and approved. The agreement is retroactive to January 1, 2013, so she will now be calculating the Pension payment effects. She noted that two members have passed on, and she will check with legal on proper procedure for those. ADJOURNMENT MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE MEETING OF THE FIREMEN'S PENSION BOARD BE ADJOURNED. CARRIED. Time: 2:20 p.m. l�� . �C/G�Or�-- Bonnie I. Walton, City Clerk Member and Secretary, Firemen's Pension Board Next Meeting: Sept. 18,2014 `�r✓ DeM Y�Law Clty Of �Y � � V g ��t� �� .r0 N City Clerk -Bonnie I.Walton August 1, 2014 Dear Firefighter's Pension Board Members: It has been my honor and privilege to serve as a member of the Renton Firefighter's Pension Board since January 2002. As I retire from the Renton City Clerk position effective October 1, 2014, I also retire from my Board position. Deputy City Clerk Jason Seth will take my place on an interim basis until appointment of the next City Clerk, who will then serve on the Board per RCW. I have enjoyed our meetings and getting to know you. I wish you all well in the coming days and years. Sincerely, ��.� Cc�a�� Bonnie I. Walton, CMC City Clerk 1055 South Grady Way• Renton,Washington 98057• (425)430-6510/Fax(425)430-6516• rentonwa.gov "� �wrr CITY OF RENTON - FIREMEN'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF JULY 31, 2014 Fireman's Pension Fund Comparison of Cash and Investment Activity s ■2014 02013 5 � r <r ;; r m r; � � O 4 ��< o � c 3 � � %;%; � �' //�%� j �.. � � ��'" ii�" ,% � 2 t�f� �i�i � }Y� ��! ��%4i � �. , i�+ � ,. � ��:,�: ,a� . i ,�, ... � i i i; �-� � ,.v i . , 1 ,r ..e ., Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec � �_ � � � � h i,i u��'��', ��_ ��'i�T�Ei i' '�4��ii'Iio� �t��' ��;� ;� ia� � 1��`��A ( �ir;�;'"��'��, a�� ''Ii�E ��}�'� �EEi a ii I m#� ;V� q�Ei � �IIP�I��IpI'�� isir i�,��,�i�� pE �j'ti� � ��1ii��y �+ ��"��:- i .�?��;y r.ry„[h�- I t'p�'p��t a;��yM�„ 2� i ; � ��i ii"�"�r ," '_ ��r� � � ,� � "��,,�i � � � � � �� 9�`�r �^�a i,i i � CS�� ;Irf�. �1,{"+T�UfTY". �!�,xt ; � ��iui�l i '`� ��` �i��_ ��'�'F �;�� ' ' ��, � pi i�� "E�� #'��1�L ",��,� i BEGINNING CASH/INV BALANCE $4,848,218.28 $4,790,246.57 $4,615,528 $4,587,132.82 $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 556.69 4,387.30 200,000 538.00 298,795.36 200,000 DISBURSEMENTS: Fire Pension 14,357.64 102,922.42 225,000 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 �t��T��:�� ,,,��rNt�� '�� g_�;��r.��°r�a��,�� t �i� H�� -��, y ,�y� ' �_4�� ,5��,��,��f :§° �,?��a,.�;�� ,,,��n��t��,��s r y�'��'i`�P� i5�`h�rw dl�f'��i �ii i� '��'[� " � '�E�r�Ii�n.s�� - �;I�dl�� ,t �ti'r Y�y�y ;y_ (p� ii r �(�. -�+ �i� w��;i9r I �ra�-3�"� '��;:F��i��iy��'I� �h`�`,,:_�-��) �' 1 h��N�.�� `��;��P��i�r��i � �#��;£��.'�TCS ' �� n �:�4 �=—'�''T'ri�m� ' ��""f'�i� �+�, �'.�"�*: 1�`y*IE ` k '� �4 r� I � I r . �i s'� �j ,ym, i� � �,r; t`�II �1kii�6�k''�t i. r �,�GIYM �4YG x'tlitlill I '� =-ri��m ( i �'X�� . Ia��_`r` i y � ? - �i} �ii ,rr�eu�., �v�� "�',��i ��,�+��. CASH/State Investment Pool $2,690,563.47 $2,704,902.58 $2,249,127.21 $2,264,338.33 INVESTMENTS: Federal National Mortgage Assn 99,555.84 99,555.84 99,555.84 99,555.84 Treasury Strips&Zero Coupon Bonds 2,038,263.18 2,038,263.18 2,217,524.06 2,217,524.06 Interest Receivable 6,034.84 5,496.68 6,193.60 5,714.59 �Ql��;: �4h([};�I� �'t'IU��1?l�'�:`ai, . .�°`�' ��'�"�; '��'!�,�;;:� , �-`e�?�� ,�i �4;�1 ��*� ;�'' ��#�48,�1&�8; �,��'�.4 .��qr��"��:$�.i The State Investment Pool interest 0.0998% 0.0870% O.1197% 0.1236% H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2014.x1s\Ju114 Page 1 8/20/2014 �"" �..r� CITY OF RENTON - FIREMEN'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF AUGUST 31, 2014 Fireman's Pension Fund Comparison of Cash and Investment Activitv 6 ■2014 �2013 5 � �� %;��ii 0 4 ��`' ' �� F ; � � y � �i; O � y �;; , C 3 �"r '� ��//r, o ' � ' r�� — ti�> F' �; � 2 �'` i�r�" ��. !-, �� ,, . „, -� � �� ., ; -� „ %,; �j/'�i 'ir%�- ti 1 �r, Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec � 41�iM�}iCr) � Fhi�l��i ( IfitlGUihdi�"..¢ �r�� G� ��} � ya �t � .��r� �w�-�i�i ��:,�� •.tw�t a��1 `' �f� '�� Qi.� � ir',tW.: "I�i�x p 4i i I� i i t i a �� t } + ,� �G *�,� �. � ' 4 � i . i' i ��J h e i � _-R¢Ipi '�t rC„sAd�i � '�€ �' R :�.��i �s� � ��' �a �: � .5�{w i +:- 5 i '; �y� ry*{� N, �t� ` � I� 4 ��M„ .� �,i'a i ��a��t'W,� -E} � '"�"��`fyy� �y�� ? �:!� Y+� e.� �"��ar p Ya. rM�"l�V��.•i d' IS.+; = i ; i � b �� ki�� ,� ,1��8 � i�.��s�',�✓�� i a "n��"fir� " 1�4tTU�f�. �' R�1J�',A BEGINNING CASH/INV BALANCE $4,834,417.33 $4,790,246.57 $4,615,528 $4,572,400.71 $4,556,003.05 $4,556,003 RECEIPTS: Fire Insurance Premium Tax 0.00 142,705.88 100,000 0.00 128,865.67 100,000 Investment Interest 582.55 4,969.85 200,000 468.77 298,795.36 200,000 DISBURSEMENTS: Fire Pension 36,904.87 139,827.29 225,000 15,270.11 188,942.51 225,000 Fire Pension Medical 0.00 0.00 0 0.00 0.00 0 Office/Operating Supplies 0.00 0.00 475 0.00 475.00 475 Actuarial/Firemen's Pens 0.00 0.00 15,000 0.00 4,000.00 15,000 � , -��"i 5;� . E��;r� ° �`�� r "��'' ,�,��, ,��E,'"E; �'��`�: � ��tI�IC � � �' �I��s W�;��„�g i ��,�� a„ �;�?� � a '�� J i i a,�a.a��'Iiii� d.i.�i �� 4ii�`a��iPP�� a;. �d�rk 4��i£i , a ::�„i'i� '�.�'�ii � �} � �� y� �x n� �1 i: — 1i i � i ��y��' � " � �',I�4 #'r-v'�i�'*?3� I��115 ��$!q xi:u � � � . 4 ` � ��1 ��C�'4�� 4T�`��"�'�.� : � �1�� >+�� `y �I��Gn� �� i��E��ii�i 1 (4li��i i��vi ( � u cr'� UI d� �" �ri) it'� i,` `.�'�r �& � , p ii'�n �� :,r'�� .a�'�P. ��r��'P� ��-ti �� ,,,� ..: �,�, (� k"� il,�r i� '?��`��q i:�,��'E�/�i'��' I�i�q��„- � , � CASH/State Investment Pool $2,653,905.35 $2,690,563.47 $2,233,878.12 $2,249,127.21 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 6,370.64 6,034.84 6,641.35 6,193.60 `��'�AL'CA�' - �t�S`f1MR�hIT�;, ` '�, <<F��'� =''� '�z��u�'„i i��. — '��,�13 . �,��,,, �'��'6a"!``�,5a7'�� 4�4�;�7'" '��5�E�t� ,�' The State Investment Pool interest 0.0943% 0.0998% 0.1230% 0.1197% H:IFINANCEIFINPLAN\FIREPEN\1_Fire_Pension_2014.xIs�Aug14 Page 1 9/12l2014 �r'` � FIREMEN'S PENSION BOARD PENSION/MEDICAL PAYMENTS FOR AUGUST, 2014 p"�. � � a��+ 3 ry�..i� "�i��rv�M� � ,�i� g /L �ri ,��i i ,r �r rs, ka�e�n�;P,� ,��`'� •7�:i i �1 F�� k :i��,`i� ,��1�`!� �?� S`�a. ��F ^ ;�fi kn i �,� �� ' �i�tie "��l�� 1,. "C+��t�1 * ANKENY,Charlie(Captain) $73.07 $1,145.�12 1,218.19� * BARILLEAUX, Ray(Battalion Chief) - - - * BEATTEAY, Karlen (Widow) $195.24 $1,096.00 1,291.24 * BERGMAN,Claudette(Widow) $112.30 $1,076.00 1,188.30 * CHRISTENSON,Chuck(Firefighter) $216.97 $1,261.44 1,478.41 * GEISSLER, Dick(Fire Chief) - - - * GOODWIN, Kathryn Lorayne(Widow) $1,033.23 $1,390.20 2,423.43 HAWORTH,Constance(Widow) $3,250.93 - 3,250.93 Estate of HURST,Gerald(d 01/03/2014) - $420.00 420.00 * JONES, Evelyn M. (Widow) $213.69 $1,132.50 1,346.19 * LARSON,William(Firefighter) - - - * LAVALLEY,Theodele(Captain) $317.19 $1,446.00 1,763.19 * MATTHEW,James(Deputy Chief) - - - * MC LAUGHLIN, Barbara M. (Widow) $878.80 $149.06 1,027.86 * NEWTON, Gary(Lieutenant) $230.29 $1,294.00 1,524.29 * NICHOLS,Gerald(Battalion Chief) $401.49 $128.50 529.99 * PARKS-ANDREASON,Arlene(Widow) $191.99 $1,372.80 1,564.79 * PHILLIPS, Bruce H. (Deputy Chief) $63.21 $154.20 217.41 * PRINGLE,Arthur(Captain) $446.56 $1,472.00 1,918.56 PRINGLE,S.Joan(Widow) $2,792.91 - 2,792.91 * RIGGLE, David E. (Firefighter D Step) $33.93 $524.70 558.63 * RUPPRECHT,Jim (Firefighter D Step) $71.80 $975.70 1,047.50 * SMITH, Leroy(Firefighter) $389.52 $1,076.00 1,465.52 STROM, Doris(Widow) $3,565.25 - 3,565.25 * TODD,Tess R.(Widow) $454.39 $1,076.00 1,530.39 * TONDA, Lila Jean(Widow) - - - * VACCA, Nick(Lieutenant) $274.99 $1,237.50 1,512.49 * WALLS,Camille(Widow) $99.91 $1,113.64 1,213.55 * WALLS, Mercedes(Widow) - $13.44 13.44 * WEISS,Cheryl (Widow) $631.58 $143.92 775.50 * WILLIAMS,Alta(Widow) - - - * WOOTEN, Marilyn E.(Widow) $205.31 $1,061.60 1,266.91 �Ii,�,,>„��0��X�� t u * P��T15�Q�� , ''iT �ir ��r°�"��. �3.. , :�5 � ��y '� � r''`�"r � � i _ ;��:��`° �O.QtM :..�� ,904.87 * Includes a 2.0%cost of living increase effective January 1 per Firefighters local 864 union contract and longevity increase for local 864 Battalion Chief. ** Retroactive payments forlanuary 2013 through July 2014. Prior Year Pension/Medical Payments: Total Pension Payments for August, 2013 15,270.11 Total Medical Bills Reimbursed in August, 2013 0.00 Total Expenses: Medical/Pension 15,270.11 4_SUMMARY 2014.x1s 8/12/2014 � "� FIREMEN'S PENSION BOARD PENSION/MEDICAL PAYMENTS FOR SEPTEMBER, 2014 o, � , v a,.� r � �� : � �� ° �E" r :�� n , � , �� ,�.,., _ � � pr�,�h a, � _ P � �" � �= �d�,�n 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 01/03/2014J - - 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 �x��3'�7 ��ri�t�;�,,1 ��l11� �t�IC"i��,��ii��h,�� , (��il dj�� h � r � ��' c�'�, � . 3a � � . e... � ��b�i��9� � � � � � � .r. �. � �- �s Prior Year Pension/Medical Payments: Total Pension Payments for September,2013 15,270.11 Total Medical Bills Reimbursed in September,2013 0.00 Total Expenses: Medical/Pension 15,270.11 4_SUMMARY 2014.x1s 9!3/2014