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Home My WebLink AboutFinal Agenda Packet-� CITY OF enton AGENDA Firefighters' Pension Board Meeting 2:00 PM - Thursday, January 17, 2019 Mayor's Conference Room, 7th Floor, City Hall — 1055 S. Grady Way 1. CALL TO ORDER 2. APPROVAL OF MINUTES a) November 15, 2018 3. CORRESPONDENCE 4. MONTHLY STATEMENTS a) November 2018 b) December 2018 S. MONTHLY BILLS AND PENSION PAYMENTS a) December 2018 b) January 2019 6. UNFINISHED BUSINESS a) Ray Barilleaux re-elected for 1/1/2019 - 12/31/2020 Term 7. NEW BUSINESS a) New Firefighter Contract Appendix - Salary Increases 8. ADJOURNMENT AGENDA ITEM #2. a) MINUTES FIREFIGHTERS' PENSION BOARD CITY OF RENTON November 15, 2018 Denis Law, Mayor Don Persson, Finance Committee Chair —ABSENT Jason Seth, City Clerk - ABSENT Megan Gregor, Deputy City Clerk Ray Barilleaux, Fire Department Representative Bruce Phillips, Fire Department Representative Chuck Christenson, Alternate Fire Department Representative Sean Hollingsworth, Finance Representative The regular meeting of the Firefighters' Pension Board was called to order by Mayor Denis Law at 2:00 p.m. in the Mayor's office, 7th floor of Renton City Hall. In attendance were Deputy City Clerk Megan Gregor, and Board members Fire Department Representative's Bruce Phillips, Ray Barilleaux, and Chuck Christenson. MINUTES APPROVAL MOVED BY BARILLEAUX, SECONDED BY CHRISTENSON, THE PENSION BOARD APPROVE THE MINUTES OF THE SEPTEMBER 20, 2018 MEETING. CARRIED. MONTHLY STATEMENT The September 30, 2018 and October 31, 2018 financial reports were reviewed. Total cash/investment balance was, as of October 31, 2018, $5,590,461.45. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY BARILLEAUX, SECONDED BY CHRISTENSON, THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS OF $15,705.91 FOR OCTOBER 2018 AND $15,705.91 FOR NOVEMBER 2018, TO BE PAID BY THE FIREFIGHTERS' PENSION FUND. CARRIED. NEW BUSINESS Ray Barilleaux confirmed that he is interested in running for the Fire Department Representative position on the Firefighters' Pension Board position for another term (his current term expires 12/31/2018). ADJOURNMENT MOVED BY CHRISTENSON, SECONDED BY PHILLIPS, THE FIREFIGHTERS' PENSION BOARD ADJOURN. CARRIED. TIME: 2:04 P.M. Jason Seth, City Clerk Secretary, Firefighters' Pension Board AGENDA ITEM #4. a) 6.00 ,61W.. 25.25 5.00 CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF NOVEMBER 30, 2018 Firefighter's Pension Fund Comparison of Cash and Investment Activity ■2018 02017 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec CURRENT 2018 2018 LAST YEAR 2017 2017 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET BEGINNING CASH/INV BALANCE 5,862,293.42 5,833,141.99 5,835,570.00 5,577,392.55 5,578,044.41 5,202,834.91 RECEIPTS: Fire Insurance Premium Tax 0.00 154,275.27 143,000.00 0.00 150,950.76 143,000.00 Investment Interest 1,305,497.13 1,341,830.94 325,000.00 468,016.37 494,355.33 325,000.00 DISBURSEMENTS: Fire Pension 15,705.91 176,918.27 200,000.00 15,287.12 239,653.11 200,000.00 Fire Pension Medical 0.00 0.00 0.00 0.00 0.00 0.00 Office/Operating Supplies 0.00 245.29 475.00 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 $7,152,084.64 $7,152,084.64 $6,103,095 $6,030,121.80 $5,971,497.39 $5,470,360 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $5,360,156.27 $3,572,605.06 $3,605,640.62 $3,150,542.85 INVESTMENTS: Federal National Mortgage Assn 852,855.63 852,855.63 852,855.63 852,855.63 Treasury Strips & Zero Coupon Bonds 924,554.08 1,422,683.08 1,561,038.48 1,561,038.48 Interest Receivable 14,518.66 14,149.65 10,587.07 12,955.59 TOTAL CASH AND INVESTMENTS $7,152,084.64 $5,862,293.42 $6,030,121.80 $5,577,392.55 The State Investment Pool interest 2.2821% 2.2317% 1.1561% 1.1385% H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt\November 18 Page 1 1/10/2019 AGENDA ITEM #4. b) 6.00 ,61W.. 25.25 5.00 CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF DECEMBER 31, 2018 Firefighter's Pension Fund Comparison of Cash and Investment Activity Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec CURRENT 2018 2018 LAST YEAR 2017 2017 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET BEGINNING CASH/INV BALANCE 7,152,084.64 5,833,141.99 5,835,570.00 6,030,121.80 5,578,044.41 5,202,834.91 RECEIPTS: Fire Insurance Premium Tax 0.00 154,275.27 143,000.00 0.00 150,950.76 143,000.00 Investment Interest 5,801.16 1,347,632.10 325,000.00 2,595.95 494,355.33 325,000.00 DISBURSEMENTS: Fire Pension 15,705.91 192,624.18 200,000.00 49,020.36 239,653.11 200,000.00 Fire Pension Medical 0.00 0.00 0.00 0.00 0.00 0.00 Office/Operating Supplies 0.00 245.29 475.00 0.00 0.00 475.00 Actuarial/Firemen's Pens 0.00 0.00 0.00 12,200.00 12,200.00 0.00 ENDING CASH/INV BALANCE $7,142,179.89 $7,142,179.89 $6,103,095 $5,971,497.39 $5,971,497.39 $5,470,360 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $5,352,184.98 $5,360,156.27 $3,546,504.09 $3,605,640.62 INVESTMENTS: Federal National Mortgage Assn 852,855.63 852,855.63 852,855.63 852,855.63 Treasury Strips & Zero Coupon Bonds 924,554.08 924,554.08 1,561,038.48 1,561,038.48 Interest Receivable 12,585.20 14,518.66 11,099.19 10,587.07 TOTAL CASH AND INVESTMENTS $7,142,179.89 $7,152,084.64 $5,971,497.39 $6,030,121.80 The State Investment Pool interest 2.3753% 2.2821% 1.2777% 1.1561% H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt\December 18 Page 1 1/10/2019 AGENDA ITEM #5. a) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR DECEMBER 2018 Recipient Pension Amt Medical Total ANKENY, Charlie (Captain) $119.09 - $119.09 BARILLEAUX, Ray (Battalion Chief) - - $0.00 BERGMAN, Claudette (Widow) $224.74 - $224.74 CHRISTENSON, Chuck (Firefighter) $269.87 - $269.87 GEISSLER, Dick (Fire Chief) - - $0.00 GOODWIN, Kathryn Lorayne (Widow) $1,243.03 - $1,243.03 JONES, Evelyn M. (Widow) $461.66 - $461.66 LARSON, William (Firefighter) - - $0.00 LAVALLEY, Theodele (Captain) $384.44 - $384.44 MATTHEW, James (Deputy Chief) - - $0.00 MC LAUGHLIN, Barbara M. (Widow) $1,069.67 - $1,069.67 NEWTON, Gary (Lieutenant) $285.90 - $285.90 NICHOLS, Gerald (Battalion Chief) $585.98 - $585.98 PARKS -AN DREASON, Arlene (Widow) $356.51 - $356.51 PHILLIPS, Bruce H. (Deputy Chief) $248.20 - $248.20 PRINGLE, Arthur (Captain) $525.44 - $525.44 PRINGLE, S. Joan (Widow) $3,082.83 - $3,082.83 RIGGLE, Arduth S. (Widow) $77.49 - $77.49 RUPPRECHT, Jim (Firefighter D Step) $107.60 - $107.60 SMITH, Shirley (Widow) $462.98 - $462.98 STROM, Doris (Widow) $3,908.41 - $3,908.41 TODD, Tess R. (Widow) $524.92 - $524.92 TONDA, Lila Jean (Widow) - - $0.00 VACCA, Nick (Lieutenant) $332.80 - $332.80 WALLS, Camille (Widow) $275.17 - $275.17 WEISS, Cheryl (Widow) $1,159.18 - $1,159.18 Total Expenses: Pension/Medical $15,705.91 $0.00 $15,705.91 *Includes a 3.1% CPI increase effective July 1st, 2018 per RCW 41.16.145 Prior Year Pension/Medical Payments: Total Pension Payments for December, 2017 15,154.92 Total Medical Bills Reimbursed in December, 2017 0.00 Total Expenses: Medical/Pension 15,154.92 4-SUMMARY 2018 12/4/2018 AGENDA ITEM #5. b) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR JANUARY 2019 Recipient Pension Amt Medical Total ANKENY, Charlie (Captain) $291.59 - $291.59 BARILLEAUX, Ray (Battalion Chief) - - $0.00 BERGMAN, Claudette (Widow) $224.74 - $224.74 CHRISTENSON, Chuck (Firefighter) $418.91 - $418.91 GEISSLER, Dick (Fire Chief) $157.44 - $157.44 GOODWIN, Kathryn Lorayne (Widow) $1,243.03 - $1,243.03 JONES, Evelyn M. (Widow) $461.66 - $461.66 LARSON, William (Firefighter) $27.28 - $27.28 LAVALLEY, Theodele (Captain) $556.94 - $556.94 MATTHEW, James (Deputy Chief) - - $0.00 MC LAUGHLIN, Barbara M. (Widow) $1,069.67 - $1,069.67 NEWTON, Gary (Lieutenant) $439.90 - $439.90 NICHOLS, Gerald (Battalion Chief) $784.98 - $784.98 PARKS -AN DREASON, Arlene (Widow) $519.27 - $519.27 PHILLIPS, Bruce H. (Deputy Chief) $487.00 - $487.00 PRINGLE, Arthur (Captain) $700.44 - $700.44 PRINGLE, S. Joan (Widow) $3,082.83 - $3,082.83 RIGGLE, Arduth S. (Widow) $77.49 - $77.49 RUPPRECHT, Jim (Firefighter D Step) $238.10 - $238.10 SMITH, Shirley (Widow) $462.98 - $462.98 STROM, Doris (Widow) $3,908.41 - $3,908.41 TODD, Tess R. (Widow) $524.92 - $524.92 TONDA, Lila Jean (Widow) $170.02 - $170.02 VACCA, Nick (Lieutenant) $479.30 - $479.30 WALLS, Camille (Widow) $275.17 - $275.17 WEISS, Cheryl (Widow) $1,159.18 - $1,159.18 Total Expenses: Pension/Medical $17,761.25 $0.00 $17,761.25 *Includes a 3.1% CPI increase effective July 1st, 2018 per RCW 41.16.145 Prior Year Pension/Medical Payments: Total Pension Payments for January, 2018 15,686.28 Total Medical Bills Reimbursed in January, 2018 0.00 Total Expenses: Medical/Pension 15,686.28 4-SUMMARY 2019 1/7/2019 AGENDA ITEM #6. a) RENTON REGIONAL FIRE AUTHORITY M E M O R A N D U M DATE: December 6, 2018 TO: Jason Seth, City Clerk FROM: Rick Marshall, Fire Chief SUBJECT: Firemen's Pension Board Voting Results An election was conducted to fill the vacancy created by the expiration of Ray Barilleaux's term as the Department's representative on the City of Renton Firemen's Pension Board. By a majority vote, Ray Barilleaux has been elected for this two-year term of office effective January 1, 2019 to December 31, 2020. Thank you. RM/sm c: Roy Gunsolus, Deputy Chief, Response Operations Chuck DeSmith, Deputy Chief, Support Services Samantha Babich, Director of Administration AGENDA ITEM #7. a) APPENDIX A: SALARIES The base wage for all classifications covered by this bargaining unit will increase by the following amounts: 2019 Base ay Schedule, 3.57. Increase Position Period A B C U EntFg 12 Mos_ 24 Mos_ 36 Mos_ Firefighter Yearly $65.409.31 $66.822.39 $72,169.20 $87,751.34 Monthly 5.450.78 $5.568.53 $6,014.10 $7,312.61 Lieutenant Yearly $100,914.04 Monthly $8,409.50 Captain Yearly $114,032.87 Monthly 9,502.74 2020 Base Pay Scheduler 3.57.. Increase Position Period A B C U EntFg 12 Mos_ 24 Mos_ 36 Mos_ Firefighter Yearly $67.698.64 $69.161.17 $74,695.12 $90,822.64 Monthly $5.641.55 $5.763.43 $6,224.59 $7,568.55 Engineer Yearly $95,363.76 Monthly 7,946.98 Lieutenant Yearly $104,446.68 Monthl $8,703.89 Captain Yearly $118,025.00 Monthly 9,835.42 2021 Base ay Scheduler 3.57. Increase Position Period A B C U EntFg 12 Mos. 24 Mos. 36 Mos. Firefighter Yearly $70.068.09 $71.581.81 $77,309.45 $94,001.43 Monthly 5.839.01 $5.965.15 $6,442.45 $7,833.45 Engineer Yearly $98,701.49 Monthly $8,225.12 Lieutenant Yearly $108,102.31 Monthly 9,008.53 Captain Yearly $122,155.61 Monthly$10,179.63 2022 Base ay Scheduler 3.07. Increase Position Period A B C U Entirl 12 Mos. 24 Mos. 36 Mos. Firefighter Yearly $72.170.13 $73.729.26 $79,628.73 $96,821.47 Monthly $6.014.18 $6.144.11 $6,635.73 $8,068.46 Engineer Yearly $101,662.53 Monthly $8,471.88 Lieutenant Yearly $111,345.38 Monthly $9,278.78 Captain Yearly $125,820.28 Monthly$10,485.02 At each contract renewal a salary percentage differential will be established as follows: Between Firefighter and Engineer: 5% Between Firefighter and Lieutenant: 15% Between Lieutenant and Captain: 13% IAFF Local 864 CBA 2019-2022 38