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Home My WebLink AboutFinal Agenda Packet 41111, NNW 41N1011861 CITY OF RENTON FIREMEN'S PENSION BOARD Regular Meeting 7th Floor-Mayor's Conference Room Thursday, March 20, 2008 2:00 P.M. 1. CALL TO ORDER 2. APPROVAL OF MINUTES OF FEBRUARY 21, 2008 3. CORRESPONDENCE 4. MONTHLY STATEMENT TO FEBRUARY 29, 2008 5. MONTHLY BILLS AND PENSION PAYMENTS 6. UNFINISHED BUSINESS 7. NEW BUSINESS 8. ADJOURNMENT Nv *4000 MINUTES FIREMEN'S PENSION BOARD CITY OF RENTON February 21, 2008 Denis Law, Mayor Don Persson, Council Finance Committee Chair Bonnie Walton, City Clerk Ray Barilleaux, Fire Department Representative Bruce Phillips, Fire Department Representative Chuck Christensen, Fire Department Alternate The regular meeting of the Firemen's Pension Board was called to order by Acting Chairman Don Persson at 2:00 p.m. in the Mayor's Conference room, 7th floor of Renton City Hall. In attendance were Board members Don Persson, Bruce Phillips, Chuck Christensen(Fire alternate), and Bonnie Walton. Mayor Law arrived at 2:10 p.m. Also in attendance was Jill Masunaga, Finance Department representative; Michael Webby, Human Resources/Risk Management Administrator, and Terri Shuhart, Benefits Analyst. MINUTES APPROVAL MOVED BY PHILLIPS, SECONDED BY CHRISTENSEN, THE PENSION BOARD APPROVE THE MINUTES OF THE JANUARY 18, 2008, MEETING. CARRIED. MONTHLY STATEMENT The final financial report as of December 31, 2007, was reviewed. Total cash/investment balance was $4,694,232.48. Also, the financial report as of January 31, 2008 was reviewed. Total cash/investment balance was $4,606,236.88. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY CHRISTENSEN, SECONDED BY PHILLIPS, THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS FOR FEBRUARY 2008, IN THE TOTAL AMOUNT OF $46,811.76 TO BE PAID FROM THE FIREMEN'S PENSION FUND. CARRIED. UNFINISHED BUSINESS At the Board's request, Terri Shuhart explained the City's Medicare premium reimbursement policy, and why the LEOFF retirees had been advised against signing up for Medicare Part"D" (prescription drug benefit) when it became available. According to Shuhart, a$5,700 prescription drug cost must be incurred annually before such coverage would be cost effective. With the City being self-insured, she explained that paying the prescription drug expense directly, rather than paying premium reimbursement, was more cost-effective for all. Discussion ensured. It was pointed out that Firemen's Pension Fund members are reimbursed for prescription drugs necessary for their retirement disability only, however, it would be up to the Board to determine whether or not to extend Medicare f. *wow 14*440 Part"D"premium reimbursement anyway, as an additional benefit. Bruce Phillips offered to find out what prescription drug costs the Firemen's Fund retirees are incurring outside of those eligible for reimbursement from the Firemen's Pension Fund. ADJOURNMENT MOVED BY PHILLIPS, SECONDED BY CHRISTENSEN, THE MEETING OF THE FIREMEN'S PENSION BOARD BE ADJOURNED. CARRIED. Time: 2:20 P.m. \gtimui.,A. Gd a L A Bonnie I. Walton, City Clerk Member and Secretary, Firemen's Pension Board 2 t1,11° tar. CITY OF RENTON - FIREMEN'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF FEBRUARY 29, 2008 Fireman's Pension Fund Comparison of Cash and investment Activity 6 - ■2008 ❑2007 5 112 — — — _ — _ — — 0 4 --- 0 0 ' w , 0 N o 3 - - - 2 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec CURRENT 2008 2008 LAST YEAR 2007 2007 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL ADJ BUDGET BEGINNING CASH/INV BALANCE $4,646,236.88 $4,694,232.48 $4,203,347 $4,633,555.29 $4,672,241.19 $4,459,523 RECEIPTS: Fire Insurance Premium Tax 0.00 0.00 75,000 0.00 85,061.56 73,000 Investment Interest 3,553.28 3,553.28 200,000 3,563.52 389,226.86 175,000 DISBURSEMENTS: Fire Pension 46,006.26 92,015.52 477,400 38,005.90 427,011.96 463,500 Fire Pension Medical 1,656.00 2,816.34 20,000 887.83 9,059.17 20,000 Office/Operating Supplies 0.00 0.00 459 0.00 450.00 450 Actuarial/Firemen's Pens 0.00 0.00 0 0.00 7,550.00 12,000 Reimb General/Clerical&Acct 829.00 1,658.00 9,948 686.00 8,226.00 8,226 ENDING CASH/INV BALANCE $4,601,298.90 $4,601,295.90 $3,970,540 $4,597,539.08 $4,694,232.48 $4,203,347 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH $840,179.33 $885,117.31 $391,826.81 $427,843.02 INVESTMENTS: CD's&State Investment Pool 454,767.46 454,767.46 454,767.46 454,767.46 Federal National Mortgage Assn 99,555.84 99,555.84 99,555.84 99,555.84 Treasury Strips&Zero Coupon Bonds 3,206,796.27 3,206,796.27 3,651,388.97 3,651,388.97 TOTAL CASH AND INVESTMENTS $4,601,298.90 $4,646,236.88 $4,597,539.08 $4,633,555.29 The State Investment Pool interest 3.7871% 4.3596% 5.2768% 5.2113% H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2008.xls\Feb08 Page 1 3/14/2008 ace _idiv • Ilse FIREMEN'S PENSION BOARD ��33 �t PENSION/MEDICALhPAYMENTS FOR MARCH, 2008 F1:';Y •'� YS,"e";0` .•.�r, 1N".Fx £1: �`X: �:.,.•.max • x :�'Y:x• g£ :: �: � a: �.Recip enit _ :. ;.; Pehs x Amt'°...Medi ais Totat - ' ANKENY, Charlie (Captain) $233.94 233.94 ASHURST, James (Assistant Chief) $4,569.00 - 4,569.00 BANASKY, George (Captain) $1,646.80 1,646.80 BARILLEAUX, Ray (Battalion Chief) - - BEATTEAY, Karlen (Widow) $296.07 296.07 BERGMAN, Claudette(Widow) $222.28 222.28 CHRISTENSON, Chuck (Firefighter) $642.33 642.33 CONNELL, Robert (Captain) $801.91 801.91 GEISSLER, Dick (Fire Chief) $847.23 847.23 GOODWIN, Charles (Captain) $4,010.50 - 4,010.50 GOODWIN, Donald (Firefighter) $1,383.34 1,383.34 HAWORTH, Constance (Widow) $2,688.00 2,688.00 HAWORTH, Jack (Firefighter) $3,025.00 - 3,025.00 HENRY, William, Jr. (Captain) $1,938.53 1,938.53 HURST, Gerald (Firefighter) $587.80 587.80 JONES, Evelyn M. (Widow) $315.92 315.92 LARSON, William (Firefighter) $367.18 367.18 LAVALLEY, Theodele (Captain) $441.64 441.64 MATTHEW, James (Deputy Chief) $415.56 415.56 MC LAUGHLIN, JACK(Battalion Chief) $1,764.01 1,764.01 NEWTON, Gary (Lieutenant) $349.28 349.28 NEWTON, Roger(Firefighter) $375.26 375.26 NICHOLS, Gerald (Battalion Chief) $619.75 619.75 PARKS-ANDREASON, Arlene (Widow) $412.00 412.00 PARKS, John (Firefighter) $3,139.50 71.57 3,211.07 PHILLIPS, Bruce H. (Deputy Chief) $1,105.17 1,105.17 PRINGLE, Arthur(Captain) $554.33 554.33 PRINGLE, S. Joan (Widow) $2,309.31 2,309.31 RIGGLE, David E. (Firefighter D Step) $158.23 158.23 RUPPRECHT, Jim (Firefighter D Step) $190.45 190.45 SMITH, Leroy (Firefighter) $458.14 458.14 STROM, Karl (Firefighter) $3,025.00 - 3,025.00 TODD, Franklin (Firefighter) $513.33 513.33 TONDA, Lila Jean (Widow) $710.98 710.98 VACCA, Nick(Lieutenant) $379.94 379.94 WALLS, Kenneth (Firefighter D Step) $219.11 219.11 WALLS, Mercedes (Widow) $916.95 916.95 WALSH, David (Firefighter) $1,426.31 1,426.31 WALSH, Patrick (Captain) $1,016.44 1,016.44 WEISS, Larry (Battalion Chief) $1,518.63 1,518.63 WILLIAMS,Alta (Widow) $111.22 111.22 WOOTEN, Marilyn E. (Widow) $299.89 299.89 ' ..to sV ?i> 040iNliadical : e k 4 0t 8 'tSr . $46;O' -83'= Prior Year Pension/Medical Payments: Total Pension Payments for March, 2007 38,005.90 Total Medical Bills Reimbursed in March, 2007 716.17 Total Expenses: Medical/Pension 38,722.07 4_SUMMARY 2008.XLS 3/14/2008 � ^ ' 40* *earl *earl FIREMEN'S PENSION BOARD '60' MEDICAL BILLS TO BE REIMBURSED IN MARCH, 2008 PAYMENT James Ashurst 0.00 Charles Goodwin 0.00 Jack Haworth 0.00 John Parks Olympic Drug 56.04 John Parks Olympic Drug 9.25 John Parks Olympic Drug 6.28 71.57 Karl Strom 0.00 3_2008 FPMedical xLS Page 1 of 1 3/14/2008 SEND CLAIM TO: City of Renton ',wry' `on-lance Dept.-Fire Pension 1055 South Grady Way Renton, WA 98057 4 Y 0 O A CITY OF RENTON FIREMEN'S PENSION BOARD LPharmacy/Medical Claim Reimbursement Request 1) DATEc/ r if &QC7h 2) DISABILITY RETIREE'S NAME (print) 3) ADDRESS #336 — 3dAtre, A@ tf j Jtsr4 9$63a 4) DISABILITY AT TIME OF RETIREMENT a /4- ` j ' /, _ -ace, ulc-TS fCI q-1-44R- 1142-rn', 2'-tq' / X 6 X17 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.) .ear 1 4 tt vely Pr eh' ft-711 c 6) TOTAL AMOUNT OF CL 7 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 other 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: .C Note: Supporting documentation must be attached. *1111N, *fat 410 Value at the smiling'0' �,YMpICDRUG RECEIPT FOR 1244 15th Ave.,Longview,WA 98632 Ph.(360)423-3360 SAVE OR TAX RECORDS INSURANCE Rx# 768295 For. JOHN PARKS 2-06-08 CRN:A7084376139201 1335 3RD AVE#109 LONGVIEW,WA 98632 (360) 577.6684 MIRTAZAPINE SOLTAB 45MG #30 NDC: 65862-0023.06 DR. RICHARDS,JOHN E ZHA COPAY: $56.04 II I I 1111111 11111111 II II III II III 1111110II III III Pnce �` - Value at the smiling'0' RECEIPT YMPIC DRUG 1244 15th Ave.,Longview,WA98632 Ph.(360)423-3360 SAVEOFOR INSURANCE OR TAX RECORDS Rx# C759930 For. JOHN PARKS 2.04.08 CNN:A8084351489701 1335 3RD AVE#109 LONGVIEW,WA 98632 (360) 577-6684 ZOLPIDEM TAB 10MG 30 NOG: 60505-2605-08 RICHARDS,JOHNE DR. ZHA COPAY: $9.25 liii III IIIII 111111 II II lull II 1 II Price Value at the emiling'0' p�CDRUG RECEIPT 1244 15th Ave.,Longview,WA 98632 Ph.(360)423-3360 SAVE OR TAOX RECORDSR E Rx# 0768297 For. JOHN PARKS 2-06-08 CNN:A5084376142651 1335 3RD AVE#109 LONGVIEW,WA 98632 (360) 577-6684 ALPRAZOLAM 0.5MG TAB *** #60 NDC: 00781-1077-05 DR. RICHARDS,JOHN E ZHA COPAY: $6.28 I'll II II IIIIIII II III filltilll II II111111111111 II Price isZ