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Home My WebLink AboutFinal Agenda Packet dor vio *ere Nese CITY OF RENTON • FIREMEN'S PENSION BOARD Regular Meeting 7th Floor-Mayor's Conference Room Thursday, February 21, 2008 2:00 P.M. 1. CALL TO ORDER 2. APPROVAL OF MINUTES OF JANUARY 18, 2008 3. CORRESPONDENCE 4. MONTHLY STATEMENT TO DECEMBER 31, 2007 (Final) & MONTHLY STATEMENT TO JANUARY 31, 2008 5. MONTHLY BILLS AND PENSION PAYMENTS 6. UNFINISHED BUSINESS Medicare Part "D" Premiums - Terri Shuhart 7. NEW BUSINESS 8. ADJOURNMENT vre Nowa rrAe.rMr MINUTES FIREMEN'S PENSION BOARD CITY OF RENTON January 18, 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 Chairman Denis Law at 10:00 a.m. in the Council Conference room, 7th floor of Renton City Hall. In attendance were Board members Denis Law, Don Persson, Ray Barilleaux, Bruce Phillips and Bonnie Walton. Also in attendance was Fire Department Alternate, Chuck Christensen, and Finance Department representative, Jill Masunaga. MINUTES APPROVAL MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE PENSION BOARD APPROVE THE MINUTES OF THE DECEMBER 20, 2007, MEETING. CARRIED. MONTHLY STATEMENT The draft financial report as of December 31, 2007, was reviewed. Total cash/investment balance was $5,134,231.26. Jill Masunago stated that a final December report, including year- end entries, would be available for the next Board meeting. MONTHLY BILLS AND PENSION PAYMENTS An increase of approximately$8,000 in total pension/medical payments for January was noted. Jill Masunago confirmed that the monthly pension payment formula for 2008 includes consideration of the stipulation in the 2006-2008 Renton Firefighters Local 864 contract that effective January 1, 2008 and ending December 31, 2008, employees who have reached at least 27 years of service in the LEOFF Retirement system shall receive 22% of the employee's base wage in longevity pay. MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS FOR JANUARY 2008, IN THE TOTAL AMOUNT OF $46,586.43 TO BE PAID FROM THE FIREMEN'S PENSION FUND. CARRIED. UNFINISHED BUSINESS Jill Masunago reported a request from a Firemen's Pension retiree requesting that the City reimburse the cost of Medicare Part"D"premiums (prescription drug benefit). Discussion ensured and it was pointed out that Firemen's Pension Fund members get reimbursed for drugs necessary for their retirement disability only. Questioning whether there would be any benefit to either the retiree or to the City to pay Medicare Part"D"premiums, it was agreed that the Board 4,110 Secretary would invite Terri Shuhart, Benefit Analyst in the Human Resources Department, to attend the next Firemen's Pension Board meeting to discuss this matter further. ADJOURNMENT MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE MEETING OF THE FIREMEN'S PENSION BOARD BE ADJOURNED. CARRIED. Time: 10:15 a.m. d'ivn,t-c.'4. Cvai Bonnie I. Walton, City Clerk Member and Secretary, Firemen's Pension Board 2 CITY OF RENTON - FIREMEN'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT inal AS OF DECEMBER 31, 2007 Fireman's Pension Fund Comparison of Cash and Investment Activity 6 ❑2007 ■2006 5 N f6 0 4 iuiiiruru lE° 3 1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec CURRENT 2007 2007 LAST YEAR 2006 2006 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL ADJ BUDGET BEGINNING CASH/INV BALANCE $4,368,674.57 $4,672,241.19 $4,459,523 $4,699,993.38 $4,811,901.62 $4,713,823 RECEIPTS: Fire Insurance Premium Tax 0.00 85,061.56 73,000 0.00 77,820.55 73,000 Investment Interest 361,345.71 389,226.86 175,000 6,660.07 215,553.19 150,000 DISBURSEMENTS: Fire Pension 34,695.56 427,011.96 463,500 33,669.09 414,281.42 450,000 Fire Pension Medical 406.24 9,059.17 20,000 168.17 11,536.51 20,000 Office/Operating Supplies 0.00 450.00 450 0.00 316.24 400 Actuarial/Firemen's Pens 0.00 7,550.00 12,000 0.00 0.00 0 Reimb General/Clerical&Acct 686.00 8,226.00 8,226 575.00 6,900.00 6,900 ENDING CASH/INV BALANCE $4,694,232.48 $4,694,232.48 $4,203,347 $4,672,241.19 $4,672,241.19 $4,459,523 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH $933,112.91 $162,962.30 $466,528.92 $494,281.11 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 3,651,388.97 3,651,388.97 3,651,388.97 TOTAL CASH AND INVESTMENTS $4,694,232.48 $4,368,674.57 $4,672,241.19 $4,699,993.38 The State Investment Pool interest 4.5607% 4.6985% 5.2134% 5.2229% H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2008.xls\Dec07 final Page 1 2/15/2008 CITY OF RENTON - FIREMEN'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF JANUARY 31, 2008 Fireman's Pension Fund Comparison of Cash and Investment Activity 6 ®2008 ❑2007 5 m - 0 4 - — a "6 N 0 3 i 2 1 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 $4,694,232.48 $4,694,232.48 $4,203,347 $4,672,241.19 $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 0.00 0.00 200,000 0.00 389,226.86 175,000 DISBURSEMENTS: Fire Pension 46,006.26 46,006.26 477,400 38,005.90 427,011.96 463,500 Fire Pension Medical 1,160.34 1,160.34 20,000 0.00 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 829.00 829.00 9,948 680.00 8,226.00 8,226 ENDING CASH/INV BALANCE $4,646,236.88 $4,646,236.88 $3,970,540 $4,633,555.29 $4,694,232.48 $4,203,347 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH $845,117.31 $933,112.91 $427,843.02 $466,528.92 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 $4,606,236.88 $4,694,232.48 $4,633,555.29 $4,672,241.19 The State Investment Pool interest 4.3596% 4.5607% 5.2113% 5.2134% H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2008.xls\Jan08 Page 1 2/15/2008 • err" "'- FIREMEN'S PENSION BOARD -� PENSION/MEDICAL PAYMENTS FOR FEBRUARY, 2008 .,:six ik,;4, i 4 r��:. ,.. i...... :;.t . >i��ri � ��.,° ,�:_:: �:.��_ .>�:ti Penis Amts °� �l,=.,. 1s,,, ; ANKENY, Charlie (Captain) $233.94 233.94 ASHURST, James (Assistant Chief) $4,569.00 656.50 5,225.50 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) $3,139.50 149.00 3,288.50 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 ,- : Itita EcOt00: 011/Meiiica�lz:t:=:: -.0$40A0,0, : '444 :. 044( 3 $4618- W� ,,. Prior Year Pension/Medical Payments: Total Pension Payments for February, 2007 38,005.90 Total Medical Bills Reimbursed in February, 2007 716.17 Total Expenses: Medical/Pension 38,722.07 4_SUMMARY 2008.XLS 2/15/2008 ' . Are ~w� 140° FIREMEN'S PENSION BOARD ~".' MEDICAL BILLS TO BE REIMBURSED IN FEBRUARY, 2008 PAYMENT 4 �� »�*��,� � � ��8orBin/ 2 James Ashurst Safeway 6.75 2 James Ashurst Safeway 192.93 2 James Ashurst Safeway 183.77 2 James Ashurst Safeway 132.65 2 James Ashurst Safeway 132.65 2 James Ashurst Safeway 7.75 656.50 Charles Goodwin 0.00 Jack Haworth 0.00 4 John Parks Olympic Drug 9.81 4 John Parks Olympic Drug 9.25 4 John Parks Olympic Drug 56.04 4 John Parks Olympic Drug 73.90 149.00 Karl Strom 8.80 � ` 5W , CTY OF RENTON El 44C PENSION CLAIM FOR FE1NBURSEMENI FORM AME JAMES F. ASHURST DATE JAN 21 2068 $656. 50 XEDICATION/HOPIIALliZkiium/E'HY;,3i111A3 EXAM HYPERTENSION, H.B.P. I RAVE :',O7 LILEN AND WILL NOT H COMPENSATED EY AN-Z ,DTkivF " F' ANATION/IN:.- JRANCE CARRIER OR MEDICARE FCJR, THE /DUE MENTIoNED Ii "Fl r<EIKLURSEMENT OTHER Ti4.1 THE CITY DE RENTO;.„ ALL IF THE AL'OVE ARE RELATED TO MY DiABILITY FROM THE EIRE LEFITM 1--eAPERA,/ :: ATUE N()TE : TF1 R DOCUMENTATION MU'c-.;T ACCOlviPANY THI CLAWM EC)R.M 17,4d4 I A.. '§NIr 1 2NDMI CY fallEYAMDIWAffiMACY RENTON,WA 98055 RENTON,WA 98055 #(50 (425)226-0325 IS (425)226-0325 Official Receipt- Please retain for tax or insurance OfficialRet.eipt- Pleb eretahrkr tax or insuraulce ASHURST,JAMES (425)255-6154 ASHURST,JAMES (425)255-6154 223 B GARDEN AVE N. 1 2/1 7 223 B GARDEN AVE N. 12/17 RENTON,WA 98055 RENTON,WA 98055 DR. GRAVES,DANIEL [RS] DR. GRAVES,DANIEL [RS] 17900 TALBOT RDS 17900 TALBOT RD S RENTON,WA 98055 RENTON,WA 98055 Rx:6701702 Dec 10, 2007 Safety Cap: Yes Rx:6702058 Dec 18, 2007 Safety Cap: Yes METOPROLOL 50MG TAB (SAND)Qty: 100 TAB PLAVIX 75MG TAB (B-M ) Qty:30 TAB Ref:A3077445788311 NDC:00781.1223.10 MACIABC Ref:A0077522499341 NDC:63653.1171.06 MACIABC REGENCE BLUESHIELD WASHINGTN REGENCE BLUESHIELD WASHINGTN Amount Due: $6.75 Amount Due: $132.65 1111111 111111111111 1 111111 Rx BERL �SAFEWAYCOMT'° 1111111111111111111111111111111 ff�SAFEWAYCOM�° _..._ .. ..- _-r-r .- - .. -.. rw yr n..r-r'p r n♦,..n.�-.- n..r T...r r...l , 2n 1 3IDPS ACYa i JJDT ACY RENTON,WA 98055 0RENTON,WA 98055 # (425)226-0325 # . (425)226-0325 Official Receipt - Please retain for tax or insurance - Official Receipt- Please retain for tax or insurance - ASHURST,JAMES (425)255-6154 ASHURST,JAMES (425)255-6154 223 B GARDEN AVE N. 12/17 223 B GARDEN AVE N. 12/17 RENTON,WA 98055 RENTON,WA 98055 DR. GRAVES,DANIEL [RF] DR. GRAVES,DANIEL [RF] 17900 TALBOT RDS 17900 TALBOT RD S RENTON,WA 98055 RENTON,WA 98055 Rx:6699560 Dec 10, 2007 Safety Cap: Yes Rx:6702058 Jan 17, 2008 Safety Cap: Yes PROTONIX 40MG TAB (WYET)Qty: 50 TAB PLAVIX 75MG TAB (B-M ) Qty: 30 TAB Ref:A3077448808721 NDC:00008-0841-81 MACIABC Ref:A6084177129991 NDC:63653.1171.06 MACITC REGENCE BLUESHIELD WASHINGTN REGENCE BLUESHIELD WASHINGTN Amount Due: $192.93 Amount Due: $132.65 111111111111111111 111111111H ! REFILL f(�SAfEWAY.COM PRESCRIPTIONS 11111111111111111111111111110 IR. REFILL YOUR SAfEWAY.COM PRESCRIPTIONS MIN- RDPRIftiT--ACY 2IIU` UUTI9 3RD'SFKfET' ACY RENTON,WA 98055 RENTON,WA 98055 #5) (425)226-0325 IV (425)226-0325 Official Receipt-Please retain for tax or insurance Official Receipt-Please retain for tax or insurance ASHURST,JAMES (425)255-6154 ASHURST,JAMES (425)255-6154 223 B GARDEN AVE N. 12/17 223 B GARDEN AVE N. 12/17 RENTON,WA 98055 RENTON,WA 98055 DR. GRAVES,DANIEL [RS] DR. GRAVES,DANIEL [RF] 17900 TALBOT RD S 17900 TALBOT RD S RENTON,WA 98055 RENTON,WA 98055 Rx:6701701 Dec 10, 2007 Safety Cap: Yes Rx:6692842 Jan 17, 2008 Safety Cap: Yes LIPITOR 40MG TAB (PFIZ) Qty:50 TAB FUROSEMIDE 40MG TAB (SAND)Qty: 100 TAB Generic for:LASIX 40MG TAB A Ref:A0077444043481 NDC:00071.0157.23 MACIABC Ref:A9084178778531 NDC:00781-1966-10 MACITC REGENCE BLUESHIELD WASHINGTN REGENCE BLUESHIELD WASHINGTN Amount Due: $183.77 Amount Due: $7.75 II II II II II II IIIIII I I I I I II III IIS REFI, ER 1111111111110111111111111 '-'-`-`11x REFo SAfEWAYCOM TIONS .r SEND CLAIM TO: ,meity of Renton Noe Finance Dept.-Fire Pension 1055 South Grady Way Renton, WA 98057 O-�Y 0 CITY OF RENTON FIREMEN'S PENSION BOARD Pharmacy/Medical Claim Reimbursement Request 1) DATE Fe'bil, -x003 2) DISABILITY RETIREE'S NAME(print) Q J') 91 L.- P,i J? _ 01,9, 3) ADDRESS l,36 I vLe L o As d i e of , (A/ 2 ¶g t. 3 A 4) DISABILITY AT TIME OF RETIREMENT st4-014 al '=r e. 4!l (f?( T.5ea5 t (4-6 ufei-s' 11IraI, if vr-rri4 atd /{it xc efiy 'Re 00l-t.Ins` 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.) ' C < i - --'cs-r t h 4714 AAA( fi -j bern/ 6) TOTAL AMOUNT OF CLAD/ - 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 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 r . ement from the Renton Fire Department. Signature: 45;l` syr k. .„,-tiao Note: Sup orting documentation must be attached. i'AirC 3 • 110,4400 Yl�la ha s uG RECEIPT 1244 15th Ave.,Longview,WA 98632 Ph.(360)423-3360 SAVE FOR INSURANCE OR TAX RECORDS Rx# C759936 For: JOHN PARKS 1-02-08 CAN:A5284024129651 1335 3RD AVE#109 LONGVIEW,WA 98632 (360) 577-6684 ALPRAZOLAM 0.5MG TAB #120 NDC: 00781-1077-05 DR. RICHARDS,JOHN E ZHA COPAY: $9.81 IIIIllhIJI!IIllIiIllhIIIIIJffh!IllhJIII!JllhI!llh1JllhII'JIIillhIjllhI!IIIi!lliiilhIIIIIIIIIIII IIIIIIIIIIIIIIIIIIIIIII Price YP VallPfCiu he amin O RVG RECEIPT 124415th Ave.,Longview,WA 98632 Ph.(360)423-3360 SAVE FOR INSURANCE OR TAX RECORDS Rx# C759930 For: JOHN PARKS 1-02-08 CRN:48284021488521 1335 3RD AVE#109 LONGVIEW,WA 98632 (360) 577-6684 ZOLPIDEM TAB 10MG #30 NDC: 60505.2605.08 DR. RICHARDS,JOHN E ZHA COPAY: $9.25 II llhIII IIII II I I II I II IIII II II 110 II liii II 1 I I III I Ih la>Y DRUG RECEIPT 1244 15th Ave.,Longview,WA 98632 Ph.(360)423-3360 SAVE FOR INSURANCE OR TAX RECORDS Rx# 759928 For: JOHN PARKS 1-02-08 CAN:43284024125251 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 I I II I IIII I I I I I III 1 111111 11111111 Price vimPvomitbalm RECEIPT 1244 15th Ave.,Longview,WA 98632 Ph.(360)423-3360 SAVE FOR INSURANCE OR TAX RECORDS Rx# 715-o92-9o382 For: JOHN PARKS CRN:47284024127431 1335 3RD AVE#109 LONGVIEW,WA 98632 (360) 577-6684 OMEPRAZOLE CAP 20MG" 90 NDC: 62175-0118-43 RICHARDS,JOHN DR. ZHA COPAY: $73.90 II I lIIIIIllIIlIII 11 II II II II II II II 1111 I I II II Pride