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HomeMy WebLinkAboutFinal Agenda Packet `rra CITY OF RENTON FIREMEN'S PENSION BOARD Regular Meeting 7th Floor-Mayor's Conference Room Thursday, December 15, 20p5 2:30 P.M. 1. CALL TO ORDER 2. APPROVAL OF MINUTES OF NOVEMBER 17, 2005 3. CORRESPONDENCE Memo regarding Bill Henry's term expiration and election requirement 4. MONTHLY STATEMENT TO NOVEMBER 30, 2005 5. MONTHLY BILLS AND PENSION PAYMENTS 6. UNFINISHED BUSINESS Firemen's Pension medical benefits paid from General Fund 7. NEW BUSINESS Medicare Part D - Advise Firemen's Pension Members? 8. ADJOURNMENT "w.r' Nwir MINUTES FIREMEN'S PENSION BOARD CITY OF RENTON November 17, 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 2:00 p.m. in the Conferencing Center, 7th floor of Renton City Hall. In attendance were Board members Kathy Keolker-Wheeler, Ray Barilleaux, Bill Henry and Bonnie Walton. Also in attendance were non-members Jill Masunaga, Finance Department Representative; Mike Bailey, Finance and Information Services Administrator; and retired firefighters Bruce Phillips, Jim Matthew, Glen G. Gordon, Roger J. Newton and Gary Newton. MINUTES APPROVAL MOVED BY BARILLEAUX, SECONDED BY HENRY, THE PENSION BOARD APPROVE THE MINUTES OF THE OCTOBER 20, 2005, MEETING. CARRIED. CORRESPONDENCE One letter and 5-emails were reviewed, each expressing concern for the City's proposed use of Firemen's Pension Fund monies for Leoff I (Law Enforcement Officers and Fire Fighters I) firefighters' medical benefits, and urging Firemen's Pension Board Members to not allow use of funds for anything other than benefits of the Firemen's Pension members. The correspondence was received from retired Renton firefighters: Bruce Phillips, President Renton Fire Department Alumni Association (RFDAA); David E. Riggle Charley D. Ankeny Chuck Christenson Bill Larson, Alternate Firemen's Pension Board Member Art Pringle MONTHLY STATEMENT The financial report as of October 31, 2005, was reviewed. Total cash/investment balance was $4,708,835.46. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY HENRY, SECONDED BY BARILLEAUX, THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS FOR NOVEMBER 2005, IN THE TOTAL AMOUNT OF $35,430.55. CARRIED. iwr Nue UNFINISHED BUSINESS The City's proposed transfer of$240,000 from the Firemen's Pension Fund to the General Fund for the purpose of covering long-term care and medical benefits for firefighters retired under LEOFF I was discussed. Finance and Information Services Administrator Mike Bailey explained that the Actuarial Valuation of Firefighters' Pension Fund January 1, 2005, shows the value of the pension fund investments on an accrual basis, to include the interest owed. He confirmed that the difference between the $7.1 million shown in the actuarial study and the $4.7 million shown on the monthly financial reports is indeed interest earned, coming primarily from money invested in deep discount bonds with fixed interest rates. Mr. Bailey reported the City's property tax levy percentage and confirmed that the Firemen's Pension Fund levy is still being collected and placed in the General Fund. Mayor Kathy Keolker-Wheeler explained that the Firemen's Pension obligations are fully funded; however, Leoff I is not funded and a$1.25 million liability exists. She stated that it is her job to make sure everyone has what is needed, to make everyone aware of the systems and to ensure financial prudence. She explained that it does not make sense, when the actuarial study keeps indicating the Firemen's Pension Fund is overfunded, to not use that excess for Leoff I. Mayor Keolker-Wheeler further explained that the intent was to transfer$240,000 for one year only, and re-evaluate every year thereafter to ensure Firemen's Pension is never underfunded. She confirmed that all property taxes collected currently go into the General Fund, and that it is out of the General Fund that Leoff I medical expenses and Firemen's Pension medical expenses have been paid. Bruce Phillips, President Renton Fire Department Alumni Association(RFDAA), commended the Board for its foresight in making good investments, and voiced his appreciation for the good job the City has done. He clarified that his organization's members are concerned about the proposal to take monies that were contributed by Firemen's Pension members to use to pay for Leoff I member benefits that are not even available to the Firemen's Pension members. Mr. Phillips suggested it be explored to determine if the Firemen's Pension members could receive the same benefits as the Leoff I members. He also emphasized that it is the Firemen's Pension members who should receive the benefits of their own fund. Discussion ensued regarding past history of reducing the Firemen's Pension Fund balance, the Leoff Board's recent approval of dental benefits for its members, and why medical expenses for Firemen's Pension members are being paid out of the General Fund. It was agreed that the Firemen's Pension medical expenses could be paid out of the Firemen's Pension Fund, which would save General Fund monies that the City could apply to Leoff I expenses. Board Member and Secretary Bonnie Walton was asked to review past records to determine just when the Firemen's Pension medical expenses began being paid out of the General Fund instead of the Firemen's Pension Fund. ADJOURNMENT MOVED BY BARILLEAUX, SECONDED BY HENRY, THE MEETING OF THE FIREMEN'S PENSION BOARD BE ADJOURNED. CARRIED. Time: 2:58 p.m. .hoc-t-V &ia ow Bonnie I. Walton, City Clerk Member and Secretary, Firemen's Pension Board 2 CITY OF RENTON CITY CERK DIVISION MEMORANDUM DATE: November 28, 2005 TO: A. Lee Wheeler, Fire Chief FROM: 0 Bonnie Walton, City Clerk, x6502 SUBJECT: Firemen's Pension Board Term Expiration The two-year term of office for Bill Henry as a member of the Firemen's Pension Board expires on December 31, 2005. An election among the firefighters must be held so that the position may be filled accordingly. Retired members are eligible both to elect and be elected to serve on the board. Following the election, please report the name of the firefighter elected to serve on the board for a two-year term from January 1, 2006 to December 31, 2007. Thank you for your assistance. I can be reached at X6502 if you need additional information. cc: Larry Rude Firemen's Pension Board Members 16. Nier CITY OF RENTON - FIREMEN'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF NOVEMBER 30, 2005 Fireman's Pension Fund Comparison of Cash and Investment Activity 6 ■2005 ❑2004 I 1 II IF a 4 0 15 a e 0 3 f 2 ili1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec CURRENT 2005 2005 LAST YEAR 2004 2004 A MTY;' MONTH YTD BUDGET CURR MO YTD ADJ BUDGET BEGINNING CASH/INV BALANCE $4,708,835.46 $4,976,122.73 $4,976,123 $4,894,238.05 $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 166,353.77 175,564.43 $100,000 143,662.47 153,001.61 $110,000 DISBURSEMENTS: Fire Pension 33,512.44 369,189.10 $400,000 30,696.62 343,462.48 $375,000 Office/Operating Supplies 0.00 400.00 $400 82.82 399.21 $400 Actuarial/Firemen's Pens 0.00 7,075.00 $5,000 0.00 0.00 $0 Reimb General/Clerical&Acct 575.00 6,325.00 $6,900 558.00 6,142.00 $6,700 ENDING CASH/INV BALANCE $4,841,101.79 $4,841,101.79 $4,723,823 $5,006,563.08 $5,006,563.08 $4,901,215 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH $416,300.96 $57,461.37 $55,188.99 $85,606.97 INVESTMENTS CD's&State Investment Pool 454,767.46 454,767.46 379,767.46 379,767.46 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 3,870,477.53 4,097,050.79 4,472,050.79 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 $4,841,101.79 $4,708,835.46 $5,006,563.08 $4,894,238.05 The State Investment Pool interest 3.9627% ,-7,576 1.8810% 1.7141% H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2005.xls\Nov05 Page 1 12/9/2005 %re Nov FIREMEN'S PENSION BOARD PENSION/MEDICAL PAYMENTS FOR DECEMBER, 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 - 3,670.50 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) $2,873.50 291.63 3,165.13 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, Lila Jean (Widow) $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 33,012.44 291.63 33,304.07 Prior Year Pension/Medical Payments: Total Pension Payments for December, 2004 31,161.71 Total Medical Bills Reimbursed in December, 2004 940.93 Total Expenses: Medical/Pension 32,102.64 12/9/2005 4_SUMMARY 2005.XLS FIREMEN'S PENSION BOARD __ MEDICAL BIS TO BE REIMBURSED IN DECEMBER, 2005 PAYMENT Page Name Pharmacy/Medical Facility Amount of Bill James Ashurst 0.00 Charles Goodwin 0.00 Jack Haworth 0.00 2 John Parks Olympic Drug 115.02 2 John Parks Olympic Drug 94.01 2 John Parks Olympic Drug 59.38 2 John Parks Olympic Drug 23.22 291.63 Karl Strom 0.00 TOTAL 291.63 3_2005 FP Medical.XLS 12/9/2005 Nlisy SEND CLAIM TO: r..r City of Renton Finance Dept.-Fire Pension 1055 South Grady Way Renton, WA 98055 oti�Y °,t CITY OF RENTON FIREMEN'S PENSION BOARD Pharmacy/Medical Claim Reimbursement Request 1) DATE /) (j l''" 2) DISABILITY RETIREE'S NAME (print) j©h 7) La P4i*k.5- 3) ADDRESS M35-3 - 4e-*/Oq Lo-n8 view% 313d- 4) DISABILITY AT TIME OF RETIREMENT -S Tt741 c?z -r e T l u x d i seas- ,i (// „.-e1 S ) Ji14T I fie--iia 4 ;14 cmx k y7-roes 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.) // 4 l e i n e -eo r �� ,,m a e k Q 7► 4 4. lite fly pfobe,g-ms 6) TOTAL AMOUNT OF CLAIM .•,/9 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- =' ent from the Renton Fire Department. Signature: LjArik. ,V;114,44.(k Note: Supporting documentation must be attached. NNW 441.100 Vatue at the smiling'O' Vatue at the smlUnq'O' 111> YPIPIC DRUG YMPIC DRUG 124ta4NCa15fethaAFevedd.,biewrsb,dWAa9g86g2 asatsiraPhp(3on6l0)4F3-3360 23-3360 12FY44UG15tmthaAvead.,boiewah,WiA986a3y2 a9atetlaP .(319)4F3-3360 423ac-33sa6ea0 RX#C 548153 DR.RICHARDS RX# 548157 DR.RICHARDS ACCEPTED 11/7/05 DS ACCEPTED 11/7/05 DS PARKS, JOHN PARKS, JOHN 1nh' r,'I :1.1 :'11, 11111 111 -.11111411,, Ail lillillil11 ' ' AMBIEN 10MG TABS#### PRILOSEC OTC 20MG TAB^ QTY#30 NDC#00024-5421-50 WINTH QTY#84 NDC#37000-0455-03 P&G 2 REFILLS UNTIL: 5/6/06 3 REFILLS UNTIL: 11/7/06 HI I� PRICE: $115.02 PRICE: $59.38 �IuIIIIIIM NIIIi 1111111111111111111111111111111 RECEIPT ( RECEIPT Vatue at the amiltnq'0' Value at the,n ltnq'0 YIPIPIC DRUG 420 IMIPIC DRUG 124415th Ave.,Longview,WA 98632 Ph.(360)423-3360 124415th Ave.,Longview,WA 98632 Ph.(360)423-3360 WMNBJG:SabaFesaal bred LM Rrefsatle6u0b Yy'OebnahrfinlFn Pasanbrwtnm iwxiP'�saGad wMNING:SIW aFitlndlmvvdiS'b tm4adfaau9b MPaSanaAtaf�en Ung bWnmiwrtpraabBC. RX# 548155 DR.RICHARDS RX#C548154 DR.RICHARDS ACCEPTED 544 ii.,(C 11/7/05 DS ACCEPTED 11/7/05 DS PARKS, JOHN #4, PARKS, JOHN 1tri irn111[ 111119111nt *HUI it 1r'il ! lit '{ill111111111111 MIRTAZAPINE SOLTAB 45MG ALPRAZOLAM 0.5MG TAB QTY#30 NDC#66993-0712-30 QTY#120 NDC#00781-1077-05 GENEV Generic For:REMERON SOLTAB 45MG 2 REFILLS UNTIL: 11/7/06 2 REFILLS UNTIL: 5/6/06 PRICE: $94.01 PRICE: $23.22 111111111111111111111111 I 11 111 �I 1111111 RECEIPT RECEIPT ' Medicare Pari'' D Nov CITY OF RENTON Noe HUMAN RESOURCES & RISK MANAGEMENT CITY OF RENTON September 27,2005 LEOFF 1 DISABILITY BOARD MINUTES NOV 0 7 2005 In Attendance: Absent: RECEIVED CITY C LERK'S OFFICE Denis Law, City Council Richard Anderson,Police Toni Nelson, City Council Bob Deines,Fire Jim Phelan,Member at Large Mike Webby, Staff Terri Shuhart, Staff CALL TO ORDER: The September meeting was called to order at 9:03 a.m. by T. Nelson. APPROVAL OF MINUTES: Motion made by J. Phelan,Seconded by D. Law and Carried to approve the minutes for the month of August 2005 Regular Meeting. CORRESPONDENCE: A letter was received from Retiree 6581 to appeal the Disability Board decision of May 2005 regarding his hearing aid and FM system. A copy of the Board Secretary's email response to him • was reviewed. Staff explained the information regarding Retiree 6581 was sent for an independent medical review. UNFINISHED BUSINESS: B. Deines drafted a letter to the LEOFF Conference Board regarding the LEOFF Conference. The Board approved the letter to be signed by the LEOFF Board Chair. Changing the start time of the regular meetings of the LEOFF Board was discussed. A motion was made by J. Phelan, seconded by D. Law that effective October 2005 the meetings will begin at 8:00 a.m. The motion carried. Staff will notify the absent members as well as the City Clerk of the new start time. NEW BUSINESS: The application for Disability Leave for LEOFF 1 Active 8146 was reviewed and approved. The request for disability leave is duty related. D. Law moved to approve and J. Phelan seconded the disability leave. The motion carried. Medicare Part D. Staff explained the program and the options for LEOFF 1 Medicare eligible retirees. Because the benefits of the self funded plan are richer than the Medicare Part D, staff 'A' and our broker recommend the City continue to self-fund the Medicare prescriptions and the City will apply for the Medicare subsidy of 28%. Staff will notify retirees that we intend to continue to reimburse for prescriptions as before so it is not necessary for them to sign up for the Medicare a��;sei Part D. The City will not reimburse retirees for Medicare Part D premiums. It was recommended % that Staff mark"Important"on the envelopes of the letters to draw attention to the memo. �IeAOnS/� Ke 1 re