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Home My WebLink AboutFinal Agenda Packet AGENDA Firefighters' Pension Board Meeting 2:00 PM - Thursday, January 19, 2017 Mayor's Conference Room, 7th Floor, City Hall – 1055 S. Grady Way 1. CALL TO ORDER 2. APPROVAL OF MINUTES a) November 28, 2016 3. CORRESPONDENCE 4. MONTHLY STATEMENTS a) For November 2016 & Draft December 2016 5. MONTHLY BILLS AND PENSION PAYMENTS a) For December 2016 & January 2017 6. UNFINISHED BUSINESS a) Barilleaux's Re-election: New Term Expires: 12/31/2018 7. NEW BUSINESS 8. ADJOURNMENT MINUTES FIREFIGHTERS' PENSION BOARD CITY OF RENTON November 28, 2016 Denis Law, Mayor Don Persson, Finance Committee Chair-ABSENT Jason Seth, City Clerk Ray Barilleaux, Fire Department Representative-ABSENT Bruce Phillips, Fire Department Representative—ABSENT Chuck Christenson,Alternate Fire Department Representative Jill Masunaga, Finance Department Representative The regular meeting of the Firefighters' Pension Board was called to order by Mayor Denis Law at 2:02 p.m. in the Mayor's office, 7th floor of Renton City Hall. In attendance were Board members Mayor Denis Law, City Clerk Jason Seth, Alternate Fire Department Representative Chuck Christenson, and Finance Department Representative lill Masunaga. MINUTES APPROVAL MOVED BY CHRISTENSON,SECONDED BY SETH,THE PENSION BOARD APPROVE THE MINUTES OF THE SEPTEMBER 15, 2016 MEETING. CARRIED. MONTHLY STATEMENT The September 30 and October 31, 2016 financial reports were reviewed.Total cash/investment balance was, as of October 31, 2016, $5,289,642.12. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY CHRISTENSON,SECONDED BY SETH,THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS OF$18,135.27 FOR OCTOBER 2016 AND$18,135.27 FOR NOVEMBER 2016 TO BE PAID BY THE FIREFIGHTERS' PENSION FUND. CARRIED. UNFINISHED BUSINESS Ms. Masunaga remarked that she has received nearly all of the responses from the survey sent to pensioners earlier this year. Mr. Seth stated that a notice requesting an election be held to fill Mr. Barilleaux's expiring term will be sent to the Renton Regional Fire Authority. NEW BUSINESS N/A ADJOURNMENT MOVED BY CHRISTENSON,SECONDED BY SETH,THE MEETING OF THE FIREFIGHTERS' PENSION BOARD BE ADJOURNED. CARRIED.TIME: 2:08 p.m. Jason Seth, City Clerk Secretary, Firefighters' Pension Board AGENDA ITEM #2. a) CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF NOVEMBER 30, 2016 Firefighter's Pension Fund Comparison of Cash and Investment Activity CURRENT 2016 2016 LAST YEAR 2015 2015 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET BEGINNING CASH/INV BALANCE $5,289,642.12 $5,299,034.47 $4,935,310 $5,015,948.88 $5,040,981.49 $4,675,053 RECEIPTS: Fire Insurance Premium Tax 0.00 148,033.76 143,000 0.00 146,358.02 143,000 Investment Interest 323,536.17 338,069.17 325,000 315,573.48 328,617.29 327,732 DISBURSEMENTS: Fire Pension 18,135.27 190,094.38 200,000 16,791.66 205,147.33 200,000 Fire Pension Medical 0.00 0.00 0 0.00 0.00 0 Office/Operating Supplies 0.00 0.00 475 0.00 0.00 475 Actuarial/Firemen's Pens 0.00 0.00 0 0.00 11,775.00 10,000 ENDING CASH/INV BALANCE $5,595,043.02 $5,595,043.02 $5,202,835 $5,314,730.70 $5,299,034.47 $4,935,310 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $3,172,400.54 $2,716,323.40 $2,742,154.49 $2,284,438.54 INVESTMENTS: Federal National Mortgage Assn 852,855.63 852,855.63 852,855.63 852,855.63 Treasury Strips & Zero Coupon Bonds 1,561,038.48 1,709,638.98 1,709,638.98 1,868,831.88 Interest Receivable 8,748.37 10,824.11 10,081.60 9,822.83 TOTAL CASH AND INVESTMENTS $5,595,043.02 $5,289,642.12 $5,314,730.70 $5,015,948.88 The State Investment Pool interest 0.4672% 0.4724% 0.1677% 0.1874% 1 2 3 4 5 6 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Mi l l i o n s o f D o l l a r s 2016 2015 H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt.xls\Nov16 Page 1 1/13/2017 AGENDA ITEM #4. a) CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF DECEMBER 31, 2016 Firefighter's Pension Fund Comparison of Cash and Investment Activity CURRENT 2016 2016 LAST YEAR 2015 2015 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET BEGINNING CASH/INV BALANCE $5,595,043.02 $5,299,034.47 $4,935,310 $5,314,730.70 $5,040,981.49 $4,675,053 RECEIPTS: Fire Insurance Premium Tax 0.00 148,033.76 143,000 0.00 146,358.02 143,000 Investment Interest 1,562.65 339,631.82 325,000 315,573.48 328,617.29 327,732 DISBURSEMENTS: Fire Pension 18,135.27 208,229.65 200,000 16,791.66 205,147.33 200,000 Fire Pension Medical 0.00 0.00 0 0.00 0.00 0 Office/Operating Supplies 0.00 0.00 475 0.00 0.00 475 Actuarial/Firemen's Pens 0.00 0.00 0 0.00 11,775.00 10,000 ENDING CASH/INV BALANCE $5,578,470.40 $5,578,470.40 $5,202,835 $5,613,512.52 $5,299,034.47 $4,935,310 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $3,154,862.74 $3,172,400.54 $2,742,154.49 $2,742,154.49 INVESTMENTS: Federal National Mortgage Assn 852,855.63 852,855.63 852,855.63 852,855.63 Treasury Strips & Zero Coupon Bonds 1,561,038.48 1,561,038.48 1,709,638.98 1,709,638.98 Interest Receivable 9,713.55 8,748.37 10,081.60 10,081.60 TOTAL CASH AND INVESTMENTS $5,578,470.40 $5,595,043.02 $5,314,730.70 $5,314,730.70 The State Investment Pool interest 0.5075% 0.4672% 0.1677% 0.1677% Note: *Draft. Month end not finalized. 1 2 3 4 5 6 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Mi l l i o n s o f D o l l a r s 2016 2015 H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt.xls\Dec16 draft Page 1 1/13/2017 AGENDA ITEM #4. a) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR DECEMBER, 2016 Recipient Pension Amt Medical Total ANKENY, Charlie (Captain) $140.23 140.23 BARILLEAUX, Ray (Battalion Chief)‐‐ BERGMAN, Claudette (Widow) $163.09 163.09 CHRISTENSON, Chuck (Firefighter) $279.13 279.13 GEISSLER, Dick (Fire Chief)‐‐ GOODWIN, Kathryn Lorayne (Widow) $1,124.21 1,124.21 HAWORTH, Constance (Widow) $3,382.27 3,382.27 JONES, Evelyn M. (Widow) $270.36 270.36 LARSON, William (Firefighter)‐‐ LAVALLEY, Theodele (Captain) $391.32 391.32 MATTHEW, James (Deputy Chief)‐‐ MC LAUGHLIN, Barbara M. (Widow) $1,105.12 1,105.12 NEWTON, Gary (Lieutenant) $295.22 295.22 NICHOLS, Gerald (Battalion Chief) $586.42 586.42 PARKS‐ANDREASON, Arlene (Widow) $363.33 363.33 PHILLIPS, Bruce H. (Deputy Chief) $273.16 273.16 PRINGLE, Arthur (Captain) $525.04 525.04 PRINGLE, S. Joan (Widow) $2,905.75 2,905.75 RIGGLE, Arduth S. (Widow 08/25/2016) $83.65 83.65 RUPPRECHT, Jim (Firefighter D Step) $122.60 122.60 SMITH, Shirley (Widow 07/29/2016) $448.24 448.24 STROM, Doris (Widow) $3,709.29 3,709.29 TODD, Tess R. (Widow) $514.96 514.96 TONDA, Lila Jean (Widow)‐‐ VACCA, Nick (Lieutenant) $338.21 338.21 WALLS, Camille (Widow) $153.32 153.32 WALLS, Mercedes (Widow) $116.46 116.46 WEISS, Cheryl (Widow) $843.89 843.89 WILLIAMS, Alta (Widow ‐ deceased 06/18/2016)‐‐ WOOTEN, Marilyn E. (Widow ‐ deceased 09/30/2016)‐‐ Total Expenses: Pension/Medical $18,135.27 $0.00 $18,135.27 Total Pension Payments for December 2015 16,571.61 Total Medical Bills Reimbursed in December, 2015 0.00 Total Expenses: Medical/Pension 16,571.61 Prior Year Pension/Medical Payments: 4_SUMMARY 2016.xls 12/2/2016 AGENDA ITEM #5. a) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR JANUARY, 2017 Recipient Pension Amt Medical Total *ANKENY, Charlie (Captain) $257.73 257.73 * BARILLEAUX, Ray (Battalion Chief)‐‐ *BERGMAN, Claudette (Widow) $250.09 250.09 *CHRISTENSON, Chuck (Firefighter) $380.65 380.65 * GEISSLER, Dick (Fire Chief) $123.90 123.90 * GOODWIN, Kathryn Lorayne (Widow) $1,236.41 1,236.41 HAWORTH, Constance (Widow) $3,382.27 3,382.27 *JONES, Evelyn M. (Widow) $361.86 361.86 *LARSON, William (Firefighter) $7.88 7.88 * LAVALLEY, Theodele (Captain) $508.82 508.82 * MATTHEW, James (Deputy Chief)‐‐ *MC LAUGHLIN, Barbara M. (Widow) $1,262.30 1,262.30 *NEWTON, Gary (Lieutenant) $399.72 399.72 *NICHOLS, Gerald (Battalion Chief) $721.92 721.92 *PARKS‐ANDREASON, Arlene (Widow) $474.09 474.09 * PHILLIPS, Bruce H. (Deputy Chief) $435.76 435.76 *PRINGLE, Arthur (Captain) $644.54 644.54 PRINGLE, S. Joan (Widow) $2,905.75 2,905.75 * RIGGLE, Arduth S. (Widow) $172.15 172.15 * RUPPRECHT, Jim (Firefighter D Step) $211.10 211.10 *SMITH, Shirley (Widow) $535.24 535.24 STROM, Doris (Widow) $3,709.29 3,709.29 * TODD, Tess R. (Widow) $601.96 601.96 *TONDA, Lila Jean (Widow) $138.95 138.95 * VACCA, Nick (Lieutenant) $438.21 438.21 * WALLS, Camille (Widow) $244.82 244.82 * WALLS, Mercedes (Widow) $268.22 268.22 * WEISS, Cheryl (Widow) $995.65 995.65 Total Expenses: Pension/Medical $20,669.28 $0.00 $20,669.28 * Includes a 2.5% cost of living increase effective January 1 per union contract. Total Pension Payments for January 2016 16,581.61 Total Medical Bills Reimbursed in January, 2016 0.00 Total Expenses: Medical/Pension 16,581.61 Prior Year Pension/Medical Payments: 4_SUMMARY 2017.xls 12/23/2016 AGENDA ITEM #5. a) r,` RENTON REGIONAL FIRE AUTHORITY m ' a M E M O R A N D U M y, flRE A DATE:January 10, 2017 TO: lason Seth, City Clerk j v 4' FROM: Rick Marshall, Fire Chief SUBIECT: Firemen's Pension Board Voting Results An election was conducted to fill the vacancy created by the expiration of Ray Barilleaux's term as the Department's representative on the City of Renton Firemen's Pension Board. By unanimous vote, Ray Barilleaux has been elected for this two-year term of office effective from January 1, 2017 to December 31, 2018. Thank you. RM/jh c: Chad Michael,Deputy Chief,Safety&Support Services Samantha Babich,DirectorofAdministration AGENDA ITEM #6. a)