HomeMy WebLinkAboutFinal Agenda Packet 7',
CITY OF RENTON
FIREMEN'S PENSION BOARD
Regular Meeting
7th Floor-Mayor's Conference Room
Thursday, May 19, 2005
2:30 P.M.
1. CALL TO ORDER
2. APPROVAL OF MINUTES OF APRIL 21, 2005
3. CORRESPONDENCE
4. MONTHLY STATEMENT TO APRIL 30, 2005
5. MONTHLY BILLS AND PENSION PAYMENTS
6. UNFINISHED BUSINESS
7. NEW BUSINESS
Cost of Living Increase - Widows
8. ADJOURNMENT
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MINUTES
FIREMEN'S PENSION BOARD
CITY OF RENTON
April 21, 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 Acting Chairman
Don Persson at 11:00 a.m. in the Mayor's conference room, 7th floor of Renton City Hall. In
attendance were Board members Don Persson, Ray Barilleaux, Bonnie Walton and William
Larson (alternate); and Linda Parks and Bang Parkinson, Finance Department Representatives.
MINUTES APPROVAL
MOVED BY BARILLEAUX, SECONDED BY LARSON, THE PENSION BOARD
APPROVE THE MINUTES OF THE MARCH 17, 2005, MEETING. CARRIED.
MONTHLY STATEMENT
The financial report as of March 31, 2005, was reviewed. Total cash/investment balance was
$4,872,411.96.
MONTHLY BILLS AND PENSION PAYMENTS
MOVED BY LARSON, SECONDED BY BARILLEAUX, THE BOARD APPROVE THE
PENSION/MEDICAL PAYMENTS FOR APRIL 2005, IN THE TOTAL AMOUNT OF
$33,653.14. CARRIED.
NEW BUSINESS
The death on April 4, 2005 of retired Renton Fire Department Captain Jack Columbi was
reported. The Finance Department representative will follow up regarding widow's benefits
payable under Firemen's Pension.
ADJOURNMENT
MOVED BY LARSON, SECONDED BY BARILLEAUX, THE MEETING OF THE
FIREMEN'S PENSION BOARD BE ADJOURNED. CARRIED. Time: 11:17 a.m.
Bonnie I. Walton, City Clerk
Member and Secretary, Firemen's Pension Board
'lore Nure
CITY OF RENTON - FIREMEN'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
AS OF APRIL 30, 2005
Fireman's Pension Fund Comparison of Cash and Investment Activity
6
■2005 ❑2004
R
,4 4
0
5
c
0 3
_
2
1
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
CURRENT 2005 2005 LAST YEAR 2004 2004
ACTIVITY: ' . MONTH • YTD BUDGET CURR MO YTD ADJ BUDGET ,
BEGINNING CASH/INV BALANCE $4,872,411.96 $4,976,122.73 $4,976,123 $5,036,489.80 $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 0.00 $60,000 0.00 0.00 $40,000
Investment Interest 904.62 2,629.51 $100,000 557.54 1,718.19 $110,000
DISBURSEMENTS:
Fire Pension 33,326.40 137,037.06 $400,000 30,864.32 127,072.64 $375,000
Office/Operating Supplies 0.00 0.00 $400 0.00 0.00 $400
Actuarial/Firemen's Pens 0.00 0.00 $5,000 0.00 0.00 $0
Reimb General/Clerical&Acct 575.00 2,300.00 $6,900 558.00 2,236.00 $6,700
EI! ha` ANCE ,* :41518:,.!•SO314415.48 54,723,821' $6,005;65.02 $5,005,125.02 ' $4,901,215
? -, ' 4° .. CURRENT', PREVIOUS LAST YEAR LAST YEAR
AAC1NiTY'= •` MONTH MONTH CURR MO PREV MO
CASH $188,041.09 $21,037.87 $48,377.78 $79,242.56
INVESTMENTS
CD's&State Investment Pool 545,767.46 654,767.46 529,767.46 629,767.46
Snohomish County Housing Authority 0.00 0.00 98,272.00 98,272.00
Federal National Mortgage Assn 99,555.84 99,555.84 0.00 0.00
Treasury Strips&Zero Coupon Bonds 4,006,050.79 4,097,050.79 4,329,307.78 4,229,307.78
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
T'C001N1i S0ll1 44T'8: , $4,836.415.18 54. 72;41.1.96 $5,005,725.02 $5,036.589.80
The State Investment Pool interest 2.7703% 2.5502% 1.0185% 1.0334%
H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2005.xls\AprO5 Page 1 5/13/2005
'Nome *re
FIREMEN'S PENSION BOARD
PENSION/MEDICAL PAYMENTS FOR MAY, 2005
Recipient Pension Amt Other 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 $160.37 1,226.73
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
* COLOMBI, Delaine(Widow) - $500.00 500.00
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) $2,472.05 2,472.05
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 $88.43 660.73
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) $2,873.50 262.48 3,135.98
PHILLIPS, Bruce H. (Deputy Chief) $84.41 84.41
PRINGLE, Arthur(Captain) $434.48 434.48
PRINGLE, S. Joan (Widow) $2,123.77 2,123.77
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
WOOTEN, Marilyn E. (Widow) $220.18 220.18
Total Expenses: Pension/Medical 32,920.52 _ 748,80 262.48 33,931.80
Prior Year Pension/Medical Payments:
Total Pension Payments for May, 2004 30,864.32
Total Medical Bills Reimbursed in May, 2004 297.50
Total Expenses: Medical/Pension 31,161.82
* Funeral expenses per RCW 41 18.140.
** April correction. State recalculated reduced benefit amount being paid effective 04/01/05
4_SUMMARY 2005.XLS 5/13/2005
%re NNW
FIREMEN'S PENSION BOARD
MEDICAL BILLS TO BE REIMBURSED IN MAY, 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 103.62
2 John Parks Olympic Drug 23.22
2 John Parks Olympic Drug 20.62
262.48
Karl Strom 0.00
TOTAL 262.48
3_2005 FP Medical.XLS 5/13/2005
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SEND CLAIM TO: City of Renton
Finance Dept.- Fire Pension
1055 South Grady Way
Renton, WA 98055
G-S"CY 0
4wilkO }
41'Nz°) CITY OF RENTON
FIREMEN'S PENSION BOARD
Pharmacy/Medical Claim Reimbursement Request
1) DATE M i } 0 4...6---
2) DISABILITY RETIREE'S NAME(print) ci 0 h yi 1,. , pdy'fe S
3) ADDRESS /33,,c---.3 Avg , v. i Li8 yityc1i tie, 9g1>3e�
4) DISABILITY AT TIME OF RETIREMENT t13 q7-1 aL. 11 e i A i 4 i Sr,7714)di?
,i Iu )� i_ r_ e) UICe13 4 rid 4X trly Preshle iiS
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.)
/l -_I - iv e /i '4 r . a 4, • ver r . "If-rn5
6) TOTAL AMOUNT OF CLAIM 4'
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 etirement from the Renton Fire Department.
Signature:
Note: Supporting documentation must be attached.
Value at the sniffing Ir Value at the smIIlnq'0'
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1244 15th Ave.,Lonvfew,WA 98632 Ph.(360)423-3360 124415th Ave.,Longview,WA 98632 Ph.(360)423-3360
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RX#C492999 DR.RICHARDS RX#C492998 DR.RICHARDS
ACCEPTED 4/11/05 DS ACCEPTED 4/11/05 DS
PARKS, JOHN PARKS,JOHN
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AMBIEN 10MG TABS#### ALPRAZOLAM 0.5MG TAB
QTY#30 NDC#00024-5421-50 WINTH QTY#120 NDC#00781-1077-05 GENEV
2 REFILLS UNTIL: 1018/05 2 REFILLS UNTIL: 10/8/05
PRICE: $115.02 PRICE: $23.22
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RECEIPT RECEIPT
Value at the smiling'O' Value at the smiling•O'
let* YNPIC DRUG 120\YMPIC DRUG
124415th Ave.,Longview,WA 98632 Ph.(360)423-3360 124415th Ave.,Longview,WA 98632 Ph.(360)423-3360
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RX# 492990 DR. RICHARDS RX# 457021 DR.RICHARDS
ACCEPTED 4/11/05 DG ACCEPTED 4/12/05 JS C\
PARKS, JOHN PARKS, JOHN .j
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REMERON SOLTAB 45MG METOCLOPRAMIDE TAB 5MG
QTY#30 NDC#00052-0110-30 ORGAN QTY#100 NDC#50111-0517-01
Generic For:REGLAN 5MG
2 REFILLS UNTIL: 4/11/06 1 REFILLS UNTIL: 12/1/05
PRICE: $103.62 PRICE: $20.62
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RECEIPT RECEIPT
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��Y o ADMINISTRATIVE, JUDICIAL, AND
LEGAL SERVICES DEPARTMENT
t7FR
Office of the City Clerk
MEMORANDUM
DATE: May 13, 2005
TO: Members, Firemen's Pension Board
FROM: P' Bonnie Walton, City Clerk/Board Secretary&Member
SUBJECT: Cost of Living Increase Payable July 2005 - Widows
Washington State Law (RCW 41.18.104) requires that the Firemen's Pension Board meet each
year for the purpose of adjusting benefit allowances for widows of firemen pensioned prior to the
LEOFF Act (March 1970). The Board must determine benefits according to the increase in the
Consumer Price Index for the previous calendar year for the Seattle, Washington, area as
compiled by the Bureau of Labor Statistics of the United States Department of Labor.
The Bureau has updated its form for this year and has reported a 1.2% increase in the CPI
percentage for All Urban Consumers in the Seattle area for 2004. A copy of the report is
attached.
I recommend that the Board adopt the 1.2% increase, effective July 1, 2005, and paid July 31,
2005.
cc: Mike Wilson
U.S.DEPARTMENT OF LABOR,BUREAU OF LABOR STATISTICS,FAX-ON-DEMAND Phone 415-975-4567 Note:To receive FAX-ON-
an explanation on how to compute a percentage change between any two periods request FAX-ON-DEMAND Code 9255. To request DEMAND
information on using the CPI as an escalator on rental agreement and other contracts request FAX-ON-DEMAND Code 9256 CODE 9250
SEATTLE-TACOMA-BREMERTON V /
03/23/05 Consumer Price Index,All Items,1982-84=100 for All Urban Consumers(CPI-U) SEMIANNUAL ✓
1ST 2ND ANNUAL
YEAR JAN FEB MARCH APRIL MAY JUNE JULY AUG SEPT OCT NOV DEC HALF HALF AVERAGE
1986 107.3 106.6 106.1 106.2 107.0 106.9 106.8 106.6 106.7 106.7
1987 108.2 110.3 109.2
1988 111.9 113.8 112.8
1989 116.7 119.6 118.1
1990 124.2 129.4 126.8
1991 133.0 135.2 134.1
1992 137.8 140.2 139.0
1993 141.9 143.9 142.9
1994 146.4 149.2 147.8
1995 151.2 153.3 152.3
1996 155.6 159.4 157.5
1997 165.0 161.9 164.1 163.0
1998 166.5 166.4 167.5 168.5 169.3 169.4 166.6 168.9 167.7
1999 170.6 172.2 172.7 173.4 174.7 174.4 171.6 174.0 172.8
2000 176.1(R) 177.8(R) 179.2(R) 180.3(R) 182.1 181.5 177.3(R) 181.1 179.2
2001 184.0 184.2 186.3 186.8 187.9 186.1 184.4 186.9 185.7
2002 187.6 188.8 189.4 190.3 190.9 190.0 188.3 190.3 189.3
2003 191.3 192.3 191.7 194.4 193.7 191.0 191.6 193.1 192.3
2004 193.5 194.3 195.3 194.6 196.5 195.1 194.0 195.4 194.7
2005 197.6
Table of over-the-year percent increases. An entry for Feb.2000 indicates the percentage increase from Feb. 1999 to Feb.2000(in this example 3.2 percent).
1987 1.5 3.4 2.3
1988 3.4 3.2 3.3
1989 4.3 5.1 4.7
1990 6.4 8.2 7.4
1991 7.1 4.5 5.8
1992 3.6 3.7 3.7
1993 3.0 2.6 2.8
1994 3.2 3.7 3.4
1995 3.3 2.7 3.0
1996 2.9 4.0 3.4
1997 4.0 2.9 3.5
1998 2.7 2.9 2.9 2.9
1999 2.5 3.5 3.1 2.9 3.2 3.0 3.0 3.0 3.0
2000 3.2 3.3(R) 3.8(R) 4.0(R) 4.2 4.1 3.3 4.1 3.7
2001 4.5 3.6 4.0 3.6 3.2 2.5 4.0 3.2 3.6
2002 2.0 2.5 1.7 1.9 1.6 2.1 2.1 1.8 1.9
2003 2.0 1.9 1.2 2.2 1.5 0.5 1.8 1.5 1.6
2004 1.2 1.0 1.9 0.1 1.4 2.1 1.3 1.2 OP
2005 2.1
R:Revised