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Home My WebLink AboutFinal Agenda Packet Now '4,060 CITY OF RENTON FIREMEN'S PENSION BOARD Regular Meeting 7th Floor-Mayor's Conference Room Thursday, October 20, 2005 2:30 P.M. 1. CALL TO ORDER 2. APPROVAL OF MINUTES OF SEPTEMBER 15, 2005 3. CORRESPONDENCE LETTER FROM CITY ATTORNEY TO MILLIMAN CONCERNING ACTUARIAL STUDY 4. MONTHLY STATEMENT TO SEPTEMBER 30, 2005 5. MONTHLY BILLS AND PENSION PAYMENTS 6. UNFINISHED BUSINESS ACTUARIAL STUDY REVIEW - MICHAEL BAILEY 7. NEW BUSINESS 8. ADJOURNMENT 400, Niue MINUTES FIREMEN'S PENSION BOARD CITY OF RENTON September 15, 2005 Kathy Keolker-Wheeler, Mayor Don Persson, Council Finance Committee Chair Bonnie Walton, City Clerk Ray Barilleaux, Fire Department Representative William Henry, Fire Department Representative William Larson, Fire Department Alternate The regular meeting of the Firemen's Pension Board was called to order by Chairman Kathy Keolker- Wheeler at 2:30 p.m. in the Mayor's conference room, 7th floor of Renton City Hall. In attendance were Board members Kathy Keolker-Wheeler, Ray Barilleaux, Bill Henry and Bonnie Walton; and Jill Masunaga, Finance Department Representative. MINUTES APPROVAL MOVED BY BARILLEAUX, SECONDED BY HENRY, THE PENSION BOARD APPROVE THE MINUTES OF THE AUGUST 18, 2005, MEETING. CARRIED. MONTHLY STATEMENT The financial report as of August 31, 2005, was reviewed. Total cash/investment balance was $4,773,897.03. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY HENRY, SECONDED BY BARILLEAUX, THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS FOR SEPTEMBER 2005, IN THE TOTAL AMOUNT OF $33,263.45. CARRIED. NEW BUSINESS The Board reviewed the Actuarial Valuation of Firefighters' Pension Fund January 1, 2005, which was received in August and prepared by Milliman Consultants and Actuaries. Board members agreed to invite the new Finance and Information Services Administrator, Michael E. Bailey, to the next Board meeting to further explain the Actuarial Study Report and answer specific questions. ADJOURNMENT MOVED BY BARILLEAUX, SECONDED BY HENRY, THE MEETING OF THE FIREMEN'S PENSION BOARD BE ADJOURNED. CARRIED. Time: 2:50 p.m. Bonnie I. Walton, City Clerk Member and Secretary, Firemen's Pension Board .► CIT'' T OF iE-N `'Ol '1 sti .►u Office of the City Attorney Lawrence J.Warren Kathy Keolker-Wheeler, Mayor Senior Assistant City Attorneys Mark Barber October 11, 2005 Zanetta L. Fontes Assistant City Attorneys Ann S. Nielsen Garmon Newsom II Daniel R. Wade Sasba P. Alessi Karen I. Steffen Consulting Actuaries CITY OF RENTON Milliman Consultants and Actuaries 1301 Fifth Avenue, Suite 3800 OCT 1 1 2005 Seattle, WA 98101-2605 RECEIVED Re: 2005 Valuation Report for Firefighters' Pension Board City of Renton CITY CLERKS OFFICE Dear Mr. Wade and Ms. Steffen: I have before me your letter of August 8, 2005 to the Firefighters' Pension Board concerning your 2005 Valuation Report. On page 2 of that letter,the second full paragraph, you make the following statement: "This report has been prepared for the internal use of and is only to be relied upon by the Fund and its auditors. No portion of this report may be disclosed to any other party without Milliman's prior written consent." Please be advised that the Firefighters' Pension Board is part of the City of Renton and is therefore part of a public agency. Pursuant to the State Public Records Act all information, not specifically exempted by RCW 42.17.310 must be disclosed upon appropriate request. Not only that,the Mayor and City Council must be able to consider the report in handling the fund and making any budgetary decisions concerning the fund. Therefore,the City of Renton does not accept the statements quoted above as controlling. V " ruly yours, Lawrence J. v7arren City Attorney LJW:tmj T10.43- cc Bonnie Walton i) Firefig ters' Pension Board Chief Wheeler Jay Covington Mike Bailey Post Office Box 626-Renton,Washington 98057-(425)255-8678/FAX(425)255-5474 R E N T O N ®This paper contains 50%recycled material,30%post consumer AHEAD OF THE CURVE CITY OF RENTON - FIREMEN'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF SEPTEMBER 30, 2005 Fireman's Pension Fund Comparison of Cash and Investment Activity 6 ■2005 ❑2004 : ITU1llhI1 3 2 1 II t Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec CURRENT 2005 2005 LAST YEAR 2004 2004 ACTMTY MONTH YTD BUDGET CURR MO YTD ADJ BUDGET BEGINNING CASH/INV BALANCE $4,773,897.03 $4,976,122.73 $4,976,123 $4,957,735.87 $5,133,315.47 $5,133,315.47 RECEIPTS: Property Taxes 0.00 0.00 $0 0.00 0.00 $0 Fire Insurance Premium Tax 0.00 72,403.73 $60,000 0.00 70,249.69 $40,000 Investment Interest 1,062.72 8,160.07 $100,000 267.75 9,641.43 $110,000 DISBURSEMENTS: Fire Pension 33,012.44 302,664.22 $400,000 30,932.24 281,598.00 $375,000 Office/Operating Supplies 0.00 400.00 $400 0.00 69.21 $400 Actuarial/Firemen's Pens 0.00 7,075.00 $5,000 0.00 0.00 $0 Reimb General/Clerical&Acct 575.00 5,175.00 $6,900 558.00 5,026.00 $6,700 ENDING CASH/INV BALANCE $4,741,372.31 $4,741,372.31 $4,723,823 $4,926,513.38 $4,926,513.38 $4,901,215 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH $89,998.22 $122,522.94 $17,882.30 $49,104.79 INVESTMENTS CD's&State Investment Pool 454,767.46 454,767.46 479,767.46 479,767.46 Snohomish County Housing Authority 0.00 0.00 0.00 0.00 Federal National Mortgage Assn 99,555.84 99,555.84 99,555.84 99,555.84 Treasury Strips&Zero Coupon Bonds 4,097,050.79 4,097,050.79 4,329,307.78 4,329,307.78 Corporate Bonds 0.00 0.00 0.00 0.00 Convertable Bonds 0.00 0.00 0.00 0.00 Mutual Funds 0.00 0.00 0.00 0.00 TOTAL CASH AND INVESTMENTS $4,741,372.31 $4,773,897.03 $4,926,513.38 $4,957,735.87 The State Investment Pool interest 3.5788°0 3.4850% 1.5181% 1.3073% H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2005.xls\Sep05 Page 1 10/14/2005 w vow FIREMEN'S PENSION BOARD PENSION/MEDICAL PAYMENTS FOR OCTOBER, 2005 Recipient Pension Amt Medicals Total ANKENY, Charlie (Captain) $136.47 136.47 ASHURST, James(Assistant Chief) $4,045.50 - 4,045.50 BANASKY, George (Captain) $1,066.36 1,066.36 BARILLEAUX, Ray (Battalion Chief) - - BEATTEAY, Karlen (Widow) $214.62 214.62 BERGMAN, Claudette (Widow) $147.07 147.07 CHRISTENSON, Chuck(Firefighter) $303.50 303.50 CONNELL, Robert(Captain) $666.15 666.15 GEISSLER, Dick(Fire Chief) - - GOODWIN, Charles (Captain) $3,670.50 486.04 4,156.54 GOODWIN, Donald (Firefighter) $896.72 896.72 HAWORTH, Constance (Widow) $2,521.49 2,521.49 HAWORTH, Jack(Firefighter) $2,768.50 - 2,768.50 HENRY, Teresa A. (Widow) $287.80 287.80 HENRY, William, Jr. (Captain) $1,178.98 1,178.98 HURST, Gerald (Firefighter) $572.30 572.30 JONES, Gerald D. (Firefighter) $231.25 231.25 LARSON, William (Firefighter) - - LAVALLEY, Theodele(Captain) $330.83 330.83 MATTHEW, James(Deputy Chief) - - MC LAUGHLIN, JACK(Battalion Chief) $732.60 732.60 NEWTON, Gary (Lieutenant) $253.38 253.38 NEWTON, Roger(Firefighter) - - NICHOLS, Gerald (Battalion Chief) $348.06 348.06 PARKS-ANDREASON, Arlene(Widow) $307.26 307.26 PARKS, John (Firefighter) $2,873.50 324.99 3,198.49 PHILLIPS, Bruce H. (Deputy Chief) $84.41 84.41 PRINGLE, Arthur(Captain) $434.48 434.48 PRINGLE, S. Joan (Widow) $2,166.25 2,166.25 RIGGLE, David E. (Firefighter D Step) $85.84 85.84 RUPPRECHT, Jim (Firefighter D Step) $115.99 115.99 SMITH, Leroy (Firefighter) $367.79 367.79 STROM, Karl (Firefighter) $2,768.50 - 2,768.50 TODD, Franklin (Firefighter) $419.44 419.44 TONDA, Ernie (Captain) $30.26 30.26 VACCA, Nick(Lieutenant) $285.53 285.53 WALLS, Kenneth (Firefighter D Step) $140.65 140.65 WALLS, Mercedes(Widow) - - WALSH, David (Firefighter) $936.93 936.93 WALSH, Patrick(Captain) $868.71 868.71 WEISS, Larry (Battalion Chief) $534.64 534.64 WILLIAMS, Alta (Widow) - - WOOTEN, Marilyn E. (Widow) $220.18 220.18 Total Expenses: Pension/Medical 33,012.44 811.03 33,823.47 Prior Year Pension/Medical Payments: Total Pension Payments for October, 2004 30,932.24 Total Medical Bills Reimbursed in October, 2004 1,068.19 Total Expenses: Medical/Pension 32,000.43 4 SUMMARY 2005.XLS 10/14/2005 '44w Iwo FIREMEN'S PENSION BOARD MEDICAL BILLS TO BE REIMBURSED IN OCTOBER, 2005 PAYMENT Page Name Pharmacy/Medical Facility Amount of Bill James Ashurst 0.00 2 Charles Goodwin Bartell Drugs 6.35 2 Charles Goodwin Bartell Drugs 210.57 2 Charles Goodwin Bartell Drugs 128.21 3 Charles Goodwin Bartell Drugs 6.35 3 Charles Goodwin Bartell Drugs 6.35 3 Charles Goodwin Bartell Drugs 128.21 486.04 Jack Haworth 0.00 5 John Parks Olympic Drug 115.02 5 John Parks Olympic Drug 103.62 5 John Parks Olympic Drug 42.94 5 John Parks Olympic Drug 40.19 5 John Parks Olympic Drug 23.22 324.99 Karl Strom 0.00 TOTAL 81t03 3_2005 FP Medical.XLS 10/14/2005 - City of Renton ReceivedNow w SEP 1 4 2005 SEND CLAIM TO: City of Renton Finance Dept.-Fire Pension Human Resources & 1055 South Grady Way Risk Management Renton, WA 98055 O-sf°( 0 • • •4,N`-c° CITY OF RENTON FIREMEN'S PENSION BOARD Pharmacy/Medical Claim Reimbursement Request 1) DATE OO ) 2) (print)RETIREE'S NAME d 3) ADDRESS /1l f i1 o/edg /-0£ Ale R&7? /IAL)4- Ufa cc 4) DISABILITY AT TIME OF RETIREMENT - COi()-?l T!CAA' tpeK l / O ' J 5) DESCRIPTION OF CLAIM: (Supporting documentation must be attached.) (Note: Medical coverage is limited to current treatment of the retiree's disability as determined at the time of retirement. (RCW 41.18) Submit only claims that relate to item#4.) t L A-,r/161 Pet 56 -4/7/e) c 6) TOTAL AMOUNT OF CLAIM 4. -7 d l� 7) I certify that I have not been and will not be compensated by any other organization, insurance carrier or Medicare for the above-mentioned claim for reimbursement ether than the City of Renton. I further certify that the above statements are complete and accurate to the best of my knowledge, and that all claims submitted are related to my disability as determined at the time of my retirement from the Renton Fire Department. Signature:AK Note: Supporting documentation must be attached. 'T jr ,. - PCALS/ dik)4 "&;, P ‘,10, .7//d/a - 2_,,,(Ak. ��- �-� X 4 : City of Renton /�,/�� Received F124011 ' C�r'll / SEP 1 4 2005 Human Resources & BARTELL DRUGS Risk Management R7(# �'WWoshington's Own Drugstores�� 45-254492 E DR. LORCH,GERALD DATE: 07/05/05 R (425)251-5110 BARTELL DRUGS w"W"'htngton'sOwn Drugstores..........._ Rx# 45-263241 MOSLEY NAME: CHARLES GOODWIN 201 UNION AVE SE 99 E DR. DATE: 08/04/05 R (425)899-3123 ALLOPURINOL 100MG TABLET(MYL NAME: CHARLES GOODWIN 00378-0137-01 55035709 201 UNION AVE SE 99 REFILL YES QUANTITY 30,00 AG� CAP 200/25 BARTELL DRUGS PRICE= $10.99 00 0001.- 61145245 WITH XPS THE AMOUNT DUE=$6.35 REFILL 2 QUANTITY 60.00 BARTELL DRUGS#45 BARTELL DRUGS PRICE= $167.99 (425)793-1015 WITH XPS THE AMOUNT DUE=klaILLI 4700 NE 4TH STREET RENTON,WA 98059 BARTELL DRUGS#45 (425)793-1015 THANK YOU 4700 NE 4TH STREET WE TRULY APPRECIATE YOUR BUSINESS. TO PROVIDE YOU RENTON,WA 98059 WITH THE BEST SERVICE POSSIBLE PLEASE ORDER YOUR REFILLS 24-48 HOURS IN ADVANCE THANK YOU I WE TRULY APPRECIATE YOUR BUSINESS. TO PROVIDE YOU WITH THE BEST SERVICE POSSIBLE PLEASE ORDER YOUR L REFILLS 24-48 HOURS IN ADVANCE I BARTELL DRUGS ---Washington's Own'rugstores._� RX# 45-246622 E DR. FLO , DATE: 07/31/05 R (425)251-5110 �G � NAME: CHARLES GOODWIN //nn � / 201 UNION AVE SE 99 �r/4".7L �� 00O154 G TABLET 000 1540 REFILL 2 QUANTITY 100.00 BARTELL DRUGS PRICE= $257.09 WITH XPS THE AMOUNT DUE=$210.57 BARTELL DRUGS#45 (425)793-1015 4700 NE 4TH STREET RENTON,WA 98059 THANK YOU WE TRULY APPRECIATE YOUR BUSINESS. TO PROVIDE YOU WITH THE BEST SERVICE POSSIBLE PLEASE ORDER YOUR L REFILLS 24-48 HOURS IN ADVANCE PoT "P6'° 2. 70. , te9exS/oma .,L ,...00 9I/Va,c--- 2- -�oop�)N City of Renton ljm �� Received • SEP 1 4 2005 Human Resources & I BARTELL DRUGS Risk Management wem Washington's Own Drugstores RX# 45- 254492 E DR. LORCH,GERALD DATE: 08/07/05 R (425)251-5110 NAME: CHARLES GOODWIN 201 UNION AVE SE 99 ALLOPURINOL 100MG TABLET(MYL 1 BARTELL DRUGS 00378-0137-01 61208861 .Washington's Own Drugstores RX# 45-263241 E DR. MOSLEY REFILL YES QUANTITY 30.00 DATE: 09/03/05 R (425)899-3123 BARTELL DRUGS PRICE= $10.99 NAME: CHARLES GOODWIN WITH XPS THE AMOUNT DUE=$6.35 201 UNION AVE SE 99 BARTELL DRUGS#45 AGGRF.NOX CAP 200/25 (425)793-1015 00597- 01-60 66 7 4700 NE 4TH STREET RENTON,WA 98059 REFILL 1 QUANTI • 0.00 BARTELL DRUGS PRICE= $167.99 THANK YOU WE TRULY APPRECIATE YOUR BUSINESS. TO PROVIDE YOU WITH XPS THE AMOUNT DUE=$128.21 WITH THE BEST SERVICE POSSIBLE PLEASE ORDER YOUR REFILLS 24-48 HOURS IN ADVANCE BARTELL DRUGS#45 (425)793-1015 4700 NE 4TH STREET RENTON,WA 98059 THANK YOU WE TRULY APPRECIATE YOUR BUSINESS. TO PROVIDE YOU WITH THE BEST SERVICE POSSIBLE PLEASE ORDER YOUR IBARTELL DRUGS REFILLS 24-48 HOURS IN ADVANCE ff.... .Washington's Own Drugstores ssusssat RX# 45-254492 E DR. LORCH,GERALD DATE: 09/03/05 R (425)251-5110 NAME: CHARLES GOODWIN 201 UNION AVE SE 99 ALLOP INOL 100MG TABLET(MYL 00378-0 7-01 66533677 ell c:L1-, ft,_____/0/____, REFILL YES QUANTITY 30.00 BARTELL DRUGS PRICE= $10.99 WITH XPS THE AMOUNT DUE=$6.35 BARTELL DRUGS#45 Q /} (42793-1015 r Lig V 4700 NEE 4THTHSTREET q: - RENTON,WA 98059 THANK YOU WE TRULY APPRECIATE YOUR BUSINESS. TO PROVIDE YOU WITH THE BEST SERVICE POSSIBLE PLEASE ORDER YOUR . REFILLS 24-48 HOURS IN ADVANCE P 3 . say r.r SEND CLAIM TO: City of Renton Finance Dept.-Fire Pension 1055 South Grady Way Renton, WA 98055 G"S(Y % CITY OF RENTON FIREMEN'S PENSION BOARD Pharmacy/Medical Claim Reimbursement Request 1) DATE (9 < f 6 -2N,o65 2) DISABILITY RETIREE'S NAME(print) J Q If'1 71 1—. , P4742,5 3) ADDRESS t �3 3.� --2, ,c9. 1) ,,69,.-, �,0 -.7 VI / : 9 e 63?,, 4) DISABILITY AT TIME OF RETIREMENT S o a. ' `Y e-' . 4S'`e j (2( ..p r5 I iLl 'id -1-4 L fie-0 i yi rid 4 ri )( 1-e y p r,n. ° 5- 5) DESCRIPTION OF CLAIM: (Supporting documentation must be attached.) (Note: Medical coverage is limited to current treatment of the retiree's disability as determined at the time of retirement. (RCW 41.18) Submit only claims that relate to item#4.) •-n7 ch CA � e4O7 STT ae2il 4 .4 (I a./ icy .rob (-. > is itg--,6) TOTAL AMOUNT OF CLAIM a.-F i 7) I certify that I have not been and will not be compensated by any other organization, insurance carrier or Medicare for the above-mentioned claim for reimbursement ether than the City of Renton. I further certify that the above statements are complete and accurate to the best of my knowledge, and that all claims submitted are related to my disability as determined at the time of my r tirement from the Renton Fire Department. Signature: % .._'2, d'�- \ Note: Supporting documentation must be attached. 1 .* vitt them Ilinq•O' Value al q,..iiixwrg'o• ThPIC DR� �'YMPIC DRUG 124515th Ave. Lon'iew,WA 98632 Ph.(360)423-3360 124415th Ave.,Loew,WA 98632 Ph. 360)423-3360 WNWNICSmisaFNasl�Yr taWrdHs6,Vb'A'P�ionArMwnanbrManlwwP WNgfKtAliaFids/IM t�draFbOi9b�gPolaMMbP�ntr trpwobid RX#C 519571 DR.RICHARDS ACCEPTED 9/6/05 DG RX# 457086 DR.RICHARDS PARKS, JOHN ACCEPTED 9/6/05 DG 111111111111101110111 PARKS, JOHN 1118811111113101111111101111 AMBIEN 10MG TABS#### - PRILOSEC OTC 20MG TAB" QTY#30 NDC#00024-5421-50 WINTH QTY#56 NDC#37000-0455-03 P&G 1 REFILLS UNTIL: 1/15/06 - NO REFILLS CALL PHARMACY PRICE: $115.02 PRICE: $40.19 11111III1I1IIIIIIIII1III111111II1IIIIIIIII1111 IIIIIIiIooIIIIIuIIIIIIIIIIIIIIIIIIIIIIIIIIII1 I I RECEIPT RECEIPT ---mthe smiling. ■_'Cr YrITie atthe smiling'O' PIQ ORma 1244 15th A FMve.eLoieweb,248.532 Phe.am36b02 -33sv6Le0 W124Jt415th AFYvOae.woiewide,WM19ig8632 ( 36o0rM)423-336ba0 RX# 5a19555 DRrRsaCMARDS RX#C 5a19574 DrRyRICHARDS a, ACCEPTED 9/6/05 DG ACCEPTED 9/6/05 DG PARKS,JOHN PARKS, JOHN 11111111111111111111111111 REMERON SOLTAB 45MG ALPRAZOLAM 0.5MG TAB QTY#30 NDC#00052-0110-30 ORGAN QTY#120 NDC#00781-1077-05 GENEV 1 REFILLS UNTIL: 7/19/06 1 REFILLS UNTIL: 1/15/06 PRICE: $103.62 PRICE: $23.22 IIIIIIII1II11111111IIII11111111111 I10111Ili II II 110111111111111111111111111101111011111111 RECEIPT RECEIPT Vmaemgeesmifnq'0, VI° YPIPIC DRUG ,;1244 15th Aveetl.121ziesnwaa,rW98632 Pp,.(360)4 23ss-33so6be0 RX# 525995 MDRRCMARDS ACCEPTED 9/7/05 CW PARKS, JOHN 1 -I1NcrIiIo 1111111 II LACTULOSE SOL 1OG/15ML QTY#1892 NDC#60432-0037-32 MORT 10 REFILLS UNTIL: 8/13/06 PRICE: $42.94 I 011.11111111 11011011110110I0111 Mill 1111111 RECEIPT