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Home My WebLink AboutFinal Agenda Packet AGENDA Firefighters' Pension Board Meeting 2:00 PM - Thursday, March 15, 2018 Mayor's Conference Room, 7th Floor, City Hall – 1055 S. Grady Way 1. CALL TO ORDER 2. APPROVAL OF MINUTES a) January 18, 2018 3. CORRESPONDENCE 4. MONTHLY STATEMENTS a) January 2018 b) February 2018 (Will be provided at the meeting) 5. MONTHLY BILLS AND PENSION PAYMENTS a) February 2018 b) March 2018 6. UNFINISHED BUSINESS 7. NEW BUSINESS 8. ADJOURNMENT MINUTES FIREFIGHTERS' PENSION BOARD CITY OF RENTON January 18,2018 Denis Law, Mayor-ABSENT Don Persson, Finance Committee Chair Jason Seth, City Clerk Ray Barilleaux, Fire Department Representative Bruce Phillips, Fire Department Representative—ABSENT Chuck Christenson,Alternate Fire Department Representative Sean Hollingsworth, Finance Representative The regular meeting of the Firefighters' Pension Board was called to order by Finance Committee Chair Don Persson at 2:00 p.m. in the Mayor's office, 7th floor of Renton City Hall. In attendance were Board members Finance Committee Chair Don Persson, City Clerk Jason Seth, Fire Department Representative Ray Barilleaux and Alternate Fire Department Representative Chuck Christenson, and Finance Department Representative Sean Hollingsworth. MINUTES APPROVAL MOVED BY BARILLEAUX, SECONDED BY CHRISTENSON,THE PENSION BOARD APPROVE THE MINUTES OF THE NOVEMBER 16, 2017 MEETING AND THE MINUTES OF THE DECEMBER 21, 2017 SPECIAL MEETING. CARRIED. MONTHLY STATEMENT The November 30, 2017 and December 31, 2017 financial reports were reviewed.Total cash/investment balance was, as of December 31, 2017, $5,971,497.39. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY BARILLEAUX, SECONDED BY CHRISTENSON,THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS OF$15,154.92 FOR DECEMBER 2017 AND$15,686.28 FOR JANUARY 2018,TO BE PAID BY THE FIREFIGHTERS' PENSION FUND. CARRIED. UNFINISHED BUSINESS City Clerk Seth reported that Bruce Phillips had been re-elected to serve a new two-year term expiring December 31, 2019. NEW BUSINESS Mr. Hollingsworth agreed to email Mr. Barilleaux a list of pensioners'who had not yet responded to the annual survey. ADJOURNMENT MOVED BY BARILLEAUX,SECONDED BY CHRISTENSON,THE FIREFIGHTERS' PENSION BORARD ADJOURN. CARRIED.TIME: 2:11 P.M. Jason Seth, City Clerk Secretary, Firefighters' Pension Board AGENDA ITEM #2. a) CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF JANUARY 31, 2018 Firefighter's Pension Fund Comparison of Cash and Investment Activity CURRENT 2018 2018 LAST YEAR 2017 2017 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET BEGINNING CASH/INV BALANCE 5,833,141.99 5,833,141.99 5,835,570.00 5,578,044.41 5,578,044.41 5,202,834.91 RECEIPTS: Fire Insurance Premium Tax 0.00 0.00 143,000.00 0.00 150,950.76 143,000.00 Investment Interest 2,871.85 2,871.85 325,000.00 1,700.02 494,355.33 325,000.00 DISBURSEMENTS: Fire Pension 19,633.20 19,633.20 200,000.00 20,669.28 239,653.11 200,000.00 Fire Pension Medical 0.00 0.00 0.00 0.00 0.00 0.00 Office/Operating Supplies 245.29 245.29 475.00 0.00 0.00 475.00 Actuarial/Firemen's Pens 0.00 0.00 0.00 0.00 12,200.00 0.00 ENDING CASH/INV BALANCE $5,816,135.35 $5,816,135.35 $6,103,095 $5,559,075.15 $5,971,497.39 $5,470,360 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $3,528,483.12 $3,546,427.94 $3,134,506.60 $3,154,436.75 INVESTMENTS: Federal National Mortgage Assn 852,855.63 852,855.63 852,855.63 852,855.63 Treasury Strips & Zero Coupon Bonds 1,422,683.08 1,422,683.08 1,561,038.48 1,561,038.48 Interest Receivable 12,113.52 11,175.34 10,674.44 9,713.55 TOTAL CASH AND INVESTMENTS $5,816,135.35 $5,833,141.99 $5,559,075.15 $5,578,044.41 The State Investment Pool interest 1.4296% 1.2777% 0.6303% 0.5075% 5.00 5.25 5.50 5.75 6.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecMillions of Dollars2018 2017 H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt\January 18 Page 1 3/9/2018 AGENDA ITEM #4. a) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR FEBRUARY 2018 Recipient Pension Amt RETRO Total ANKENY, Charlie (Captain)$274.13 120.50 $394.63 BARILLEAUX, Ray (Battalion Chief)‐‐ $0.00 *BERGMAN, Claudette (Widow)$225.22 ‐ $225.22 CHRISTENSON, Chuck (Firefighter)$398.50 104.22 $502.72 GEISSLER, Dick (Fire Chief)$141.24 141.24 $282.48 *GOODWIN, Kathryn Lorayne (Widow)$1,213.02 ‐ $1,213.02 HAWORTH, Constance (Widow) deceased 05/04/2017 ‐‐ $0.00 *JONES, Evelyn M. (Widow)$455.23 ‐ $455.23 LARSON, William (Firefighter)$18.67 18.67 $37.34 LAVALLEY, Theodele (Captain)$530.95 120.50 $651.45 MATTHEW, James (Deputy Chief)‐‐ $0.00 *MC LAUGHLIN, Barbara M. (Widow)$1,048.84 ‐ $1,048.84 NEWTON, Gary (Lieutenant)$418.61 108.00 $526.61 NICHOLS, Gerald (Battalion Chief)$750.47 139.00 $889.47 PARKS‐ANDREASON, Arlene (Widow)$494.99 113.88 $608.87 PHILLIPS, Bruce H. (Deputy Chief)$460.21 166.80 $627.01 PRINGLE, Arthur (Captain)$669.69 122.00 $791.69 *PRINGLE, S. Joan (Widow)$2,990.14 ‐ $2,990.14 *RIGGLE, Arduth S. (Widow)$82.72 ‐ $82.72 RUPPRECHT, Jim (Firefighter D Step)$223.97 91.00 $314.97 *SMITH, Shirley (Widow)$455.68 ‐ $455.68 *STROM, Doris (Widow)$3,790.89 ‐ $3,790.89 *TODD, Tess R. (Widow)$515.61 ‐ $515.61 TONDA, Lila Jean (Widow)$154.66 146.40 $301.06 VACCA, Nick (Lieutenant)$457.19 102.50 $559.69 *WALLS, Camille (Widow)$274.60 ‐ $274.60 WALLS, Mercedes (Widow) DECEASED 11/21/17 ‐‐ $0.00 *WEISS, Cheryl (Widow)$1,135.76 ‐ $1,135.76 Total Expenses: Pension/Medical $17,180.99 $1,494.71 $18,675.70 *Includes a 2.2% CPI increase effective July 1 per RCW 41.16.145 20,669.28 0.00 Total Pension Payments for February, 2017 Total Medical Bills Reimbursed in February, 2017 Total Expenses: Medical/Pension 20,669.28 Prior Year Pension/Medical Payments: 4_SUMMARY 2018 2/9/2018 AGENDA ITEM #5. a) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR MARCH 2018 Recipient Pension Amt Medical Total ANKENY, Charlie (Captain) $274.13 ‐ $274.13 BARILLEAUX, Ray (Battalion Chief)‐‐ $0.00 * BERGMAN, Claudette (Widow) $225.22 ‐ $225.22 CHRISTENSON, Chuck (Firefighter) $398.50 ‐ $398.50 GEISSLER, Dick (Fire Chief) $141.24 ‐ $141.24 * GOODWIN, Kathryn Lorayne (Widow) $1,213.02 ‐ $1,213.02 * JONES, Evelyn M. (Widow) $455.23 ‐ $455.23 LARSON, William (Firefighter) $18.67 ‐ $18.67 LAVALLEY, Theodele (Captain) $530.95 ‐ $530.95 MATTHEW, James (Deputy Chief)‐‐ $0.00 *MC LAUGHLIN, Barbara M. (Widow) $1,048.84 ‐ $1,048.84 NEWTON, Gary (Lieutenant) $418.61 ‐ $418.61 NICHOLS, Gerald (Battalion Chief) $750.47 ‐ $750.47 PARKS‐ANDREASON, Arlene (Widow) $494.99 ‐ $494.99 PHILLIPS, Bruce H. (Deputy Chief) $460.21 ‐ $460.21 PRINGLE, Arthur (Captain) $669.69 ‐ $669.69 *PRINGLE, S. Joan (Widow) $2,990.14 ‐ $2,990.14 *RIGGLE, Arduth S. (Widow) $82.72 ‐ $82.72 RUPPRECHT, Jim (Firefighter D Step) $223.97 ‐ $223.97 *SMITH, Shirley (Widow) $455.68 ‐ $455.68 *STROM, Doris (Widow) $3,790.89 ‐ $3,790.89 * TODD, Tess R. (Widow) $515.61 ‐ $515.61 TONDA, Lila Jean (Widow) $154.66 ‐ $154.66 VACCA, Nick (Lieutenant) $457.19 ‐ $457.19 * WALLS, Camille (Widow) $274.60 ‐ $274.60 * WEISS, Cheryl (Widow) $1,135.76 ‐ $1,135.76 Total Expenses: Pension/Medical $17,180.99 $0.00 $17,180.99 *Includes a 2.2% CPI increase effective July 1 per RCW 41.16.145 Total Pension Payments for March, 2017 20,669.28 Total Medical Bills Reimbursed in March, 2017 0.00 Total Expenses: Medical/Pension 20,669.28 Prior Year Pension/Medical Payments: 4_SUMMARY 2018 3/9/2018 AGENDA ITEM #5. b)