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HomeMy WebLinkAboutFinal Agenda Packet AGENDA Firefighters' Pension Board Meeting 2:30 PM - Monday, November 23, 2020 Teleconference, 7th Floor, City Hall – 1055 S. Grady Way Call-in 425-430-7171, Enter Code: 0392693 1. CALL TO ORDER 2. APPROVAL OF MINUTES a) August 10, 2020 3. CORRESPONDENCE 4. MONTHLY STATEMENTS a) July 2020 b) August 2020 c) September 2020 5. MONTHLY BILLS AND PENSION PAYMENTS a) August 2020 b) September 2020 c) October 2020 d) November 2020 6. UNFINISHED BUSINESS 7. NEW BUSINESS 8. ADJOURNMENT MINUTES FIREFIGHTERS’ PENSION BOARD CITY OF RENTON August 10, 2020 ________________________________________________________________________ Armondo Pavone, Mayor Jason Seth, City Clerk Ray Barilleaux, Fire Department Representative Bruce Phillips, Fire Department Representative Sean Hollingsworth, Finance Department Representative ________________________________________________________________________ The regular meeting of the Firefighters’ Pension Board was called to order by City Clerk Jason Seth, at 2:30 p.m. via teleconference. In attendance were Mayor Pavone, City Clerk Jason Seth, Fire Department Representatives Ray Barilleaux and Bruce Phillips. Additionally, Sean Hollingsworth, Finance Department Representative was in attendance. MINUTES APPROVAL MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE PENSION BOARD APPROVE THE MINUTES OF THE JUNE 8, 2020. CARRIED. MONTHLY STATEMENT The May, June, and draft July 2020 financial reports were reviewed. Total cash/investment balance was, as of April 30, 2020, $7,642,343.80. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE BOARD APPROVE THE PENSION/MEDICAL PAYMENTS OF $16,272.35 FOR JUNE 2020, $17,525.31 FOR JULY 2020, and $17,525.31 FOR AUGUST 2020, TO BE PAID BY THE FIREFIGHTERS’ PENSION FUND. CARRIED. ADJOURNMENT MOVED BY PHILLIPS, SECONDED BY BARILLEAUX, ADJOURN THE MEETING. TIME: 2:34 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 AUGUST 31, 2020 Firefighter's Pension Fund Comparison of Cash and Investment Activity CURRENT 2020 2020 LAST YEAR 2019 2019 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET BEGINNING CASH/INV BALANCE 7,641,980.58 7,565,901.69 7,565,902.00 7,239,676.57 7,581,089.73 7,146,983.00 RECEIPTS: Fire Insurance Premium Tax 0.00 165,916.78 143,000.00 0.00 0.00 143,000.00 Investment Interest 3,118.45 38,137.44 325,000.00 5,736.37 13,107.70 325,000.00 DISBURSEMENTS: Fire Pension 17,525.31 138,982.19 200,000.00 17,559.95 16,145.74 200,000.00 Fire Pension Medical 0.00 0.00 0.00 0.00 0.00 0.00 Office/Operating Supplies 0.00 0.00 475.00 0.00 0.00 475.00 Actuarial/Firemen's Pens 0.00 3,400.00 0.00 0.00 12,150.00 10,000.00 ENDING CASH/INV BALANCE $7,627,573.72 $7,627,573.72 $7,833,427 $7,227,852.99 $7,565,901.69 $7,404,508 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $6,689,263.08 $6,704,544.47 $5,431,918.08 $5,444,989.17 INVESTMENTS: Federal National Mortgage Assn 99,555.84 99,555.84 852,855.63 852,855.63 Treasury Strips & Zero Coupon Bonds 806,745.46 806,745.46 924,554.08 924,554.08 Interest Receivable 32,009.34 31,134.81 18,525.20 17,277.69 TOTAL CASH AND INVESTMENTS $7,627,573.72 $7,641,980.58 $7,227,852.99 $7,239,676.57 The State Investment Pool interest 0.2554% 0.3106% 2.2875% 2.4776% 5.00 5.50 6.00 6.50 7.00 7.50 8.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecMillions of Dollars2020 2019 H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt\Aug 20 Page 1 11/5/2020 AGENDA ITEM #4. a) CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF JULY 31, 2020 Firefighter's Pension Fund Comparison of Cash and Investment Activity CURRENT 2020 2020 LAST YEAR 2019 2019 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET BEGINNING CASH/INV BALANCE 7,656,669.11 7,565,901.69 7,565,902.00 7,248,321.29 7,581,089.73 7,146,983.00 RECEIPTS: Fire Insurance Premium Tax 0.00 165,916.78 143,000.00 0.00 0.00 143,000.00 Investment Interest 3,036.78 35,018.99 325,000.00 6,086.81 13,107.70 325,000.00 DISBURSEMENTS: Fire Pension 17,725.31 121,456.88 200,000.00 14,731.53 16,145.74 200,000.00 Fire Pension Medical 0.00 0.00 0.00 0.00 0.00 0.00 Office/Operating Supplies 0.00 0.00 475.00 0.00 0.00 475.00 Actuarial/Firemen's Pens 0.00 3,400.00 0.00 0.00 12,150.00 10,000.00 ENDING CASH/INV BALANCE $7,641,980.58 $7,641,980.58 $7,833,427 $7,239,676.57 $7,565,901.69 $7,404,508 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $6,704,544.47 $6,721,281.13 $5,444,989.17 $5,454,878.89 INVESTMENTS: Federal National Mortgage Assn 99,555.84 99,555.84 852,855.63 852,855.63 Treasury Strips & Zero Coupon Bonds 806,745.46 806,745.46 924,554.08 924,554.08 Interest Receivable 31,134.81 29,086.68 17,277.69 16,032.69 TOTAL CASH AND INVESTMENTS $7,641,980.58 $7,656,669.11 $7,239,676.57 $7,248,321.29 The State Investment Pool interest 0.3106% 0.3698% 2.4776% 2.4954% 5.00 5.50 6.00 6.50 7.00 7.50 8.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecMillions of Dollars2020 2019 H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt\July 20 Page 1 11/5/2020 AGENDA ITEM #4. b) CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF SEPTEMBER 30, 2020 Firefighter's Pension Fund Comparison of Cash and Investment Activity CURRENT 2020 2020 LAST YEAR 2019 2019 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET BEGINNING CASH/INV BALANCE 7,627,573.72 7,565,901.69 7,565,902.00 7,227,852.99 7,581,089.73 7,146,983.00 RECEIPTS: Fire Insurance Premium Tax 0.00 165,916.78 143,000.00 0.00 0.00 143,000.00 Investment Interest 3,018.94 41,156.38 325,000.00 7,602.33 13,107.70 325,000.00 DISBURSEMENTS: Fire Pension 17,525.31 156,507.50 200,000.00 16,145.74 16,145.74 200,000.00 Fire Pension Medical 0.00 0.00 0.00 0.00 0.00 0.00 Office/Operating Supplies 0.00 0.00 475.00 0.00 0.00 475.00 Actuarial/Firemen's Pens 0.00 3,400.00 0.00 0.00 12,150.00 10,000.00 ENDING CASH/INV BALANCE $7,613,067.35 $7,613,067.35 $7,833,427 $7,219,309.58 $7,565,901.69 $7,404,508 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $6,673,250.86 $6,689,263.08 $5,422,129.29 $5,431,918.08 INVESTMENTS: Federal National Mortgage Assn 99,555.84 99,555.84 852,855.63 852,855.63 Treasury Strips & Zero Coupon Bonds 806,745.46 806,745.46 924,554.08 924,554.08 Interest Receivable 33,515.19 32,009.34 19,770.58 18,525.20 TOTAL CASH AND INVESTMENTS $7,613,067.35 $7,627,573.72 $7,219,309.58 $7,227,852.99 The State Investment Pool interest 0.2059% 0.2554% 2.1951% 2.2875% 5.00 5.50 6.00 6.50 7.00 7.50 8.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecMillions of Dollars2020 2019 H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt\Sep 20 Page 1 11/5/2020 AGENDA ITEM #4. c) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR AUGUST 2020 Recipient Pension Amt Retro Total 4 ANKENY, Charlie (Captain) $201.75 ‐                 $201.75 5 BARILLEAUX, Ray (Battalion Chief) ‐ ‐                 $0.00 1 BERGMAN, Claudette (Widow) $272.00 ‐                 $272.00 4 CHRISTENSON, Chuck (Firefighter) $350.83 ‐                 $350.83 5 GEISSLER, Dick (Fire Chief) $19.85 ‐                 $19.85 1 GOODWIN, Kathryn Lorayne (Widow) $1,322.31 ‐                 $1,322.31 1 JONES, Evelyn M. (Widow) $495.86 ‐                 $495.86 4 LAVALLEY, Theodele (Captain) $481.89 ‐                 $481.89 5 MATTHEW, James (Deputy Chief) ‐ ‐                 $0.00 1 MC LAUGHLIN, Barbara M. (Widow) $1,142.93 ‐                 $1,142.93 4 NEWTON, Gary (Lieutenant) $369.78 ‐                 $369.78 5 NICHOLS, Gerald (Battalion Chief) $706.75 ‐                 $706.75 2 PARKS‐ANDREASON, Arlene (Widow) $448.15 ‐                 $448.15 5 PHILLIPS, Bruce H. (Deputy Chief) $367.77 ‐                 $367.77 4 PRINGLE, Arthur (Captain) $631.82 ‐                 $631.82 1 PRINGLE, S. Joan (Widow) $3,261.02 ‐                 $3,261.02 3 RIGGLE, Arduth S. (Widow) $85.77 ‐                 $85.77 4 RUPPRECHT, Jim (Firefighter D Step) $171.32 ‐                 $171.32 1 SMITH, Shirley (Widow) $496.42 ‐                 $496.42 1 STROM, Doris (Widow) $4,134.32 ‐                 $4,134.32 1 TODD, Tess R. (Widow) $561.80 ‐                 $561.80 2 TONDA, Lila Jean (Widow) $50.31 ‐                 $50.31 4 VACCA, Nick (Lieutenant) $416.10 ‐                 $416.10 1 WALLS, Camille (Widow) $298.85 ‐                 $298.85 1 WEISS, Cheryl (Widow) $1,237.71 ‐                 $1,237.71   Total Expenses:  Pension/Medical $17,525.31 $0.00 $17,525.31 1 Widows ‐ Disability. Includes a 3.2% CPI increase effective July 1st, 2019 per RCW 41.16.145 2 Widows ‐ Service. Includes a 3.5% COLA Adj. Effective Janaury 1st, 2020. 3 Widows ‐ Service prior to 1969. Includes a 3.1% CPI increase effective July 1st, 2019 per RCW41.16.145 4 Retirees ‐ Disability after 1961. Includes a 3.5% COLA Adj. Effective Janaury 1st, 2020. 5 Retirees ‐ Service after 1969. Includes a 3.5% COLA Adj. Effective Janaury 1st, 2020. Total Pension Payments for August, 2019 17,559.95 Total Medical Payments in August, 2019 0.00 Total Expenses:  Medical/Pension 17,559.95 Prior Year Pension/Medical Payments: 4_SUMMARY 2020 8/3/2020 AGENDA ITEM #5. a) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR SEPTEMBER 2020 Recipient Pension Amt Retro Total 4 ANKENY, Charlie (Captain) $201.75 ‐                 $201.75 5 BARILLEAUX, Ray (Battalion Chief) ‐ ‐                 $0.00 1 BERGMAN, Claudette (Widow) $272.00 ‐                 $272.00 4 CHRISTENSON, Chuck (Firefighter) $350.83 ‐                 $350.83 5 GEISSLER, Dick (Fire Chief) $19.85 ‐                 $19.85 1 GOODWIN, Kathryn Lorayne (Widow) $1,322.31 ‐                 $1,322.31 1 JONES, Evelyn M. (Widow) $495.86 ‐                 $495.86 4 LAVALLEY, Theodele (Captain) $481.89 ‐                 $481.89 5 MATTHEW, James (Deputy Chief) ‐ ‐                 $0.00 1 MC LAUGHLIN, Barbara M. (Widow) $1,142.93 ‐                 $1,142.93 4 NEWTON, Gary (Lieutenant) $369.78 ‐                 $369.78 5 NICHOLS, Gerald (Battalion Chief) $706.75 ‐                 $706.75 2 PARKS‐ANDREASON, Arlene (Widow) $448.15 ‐                 $448.15 5 PHILLIPS, Bruce H. (Deputy Chief) $367.77 ‐                 $367.77 4 PRINGLE, Arthur (Captain) $631.82 ‐                 $631.82 1 PRINGLE, S. Joan (Widow) $3,261.02 ‐                 $3,261.02 3 RIGGLE, Arduth S. (Widow) $85.77 ‐                 $85.77 4 RUPPRECHT, Jim (Firefighter D Step) $171.32 ‐                 $171.32 1 SMITH, Shirley (Widow) $496.42 ‐                 $496.42 1 STROM, Doris (Widow) $4,134.32 ‐                 $4,134.32 1 TODD, Tess R. (Widow) $561.80 ‐                 $561.80 2 TONDA, Lila Jean (Widow) $50.31 ‐                 $50.31 4 VACCA, Nick (Lieutenant) $416.10 ‐                 $416.10 1 WALLS, Camille (Widow) $298.85 ‐                 $298.85 1 WEISS, Cheryl (Widow) $1,237.71 ‐                 $1,237.71   Total Expenses:  Pension/Medical $17,525.31 $0.00 $17,525.31 1 Widows ‐ Disability. Includes a 3.2% CPI increase effective July 1st, 2019 per RCW 41.16.145 2 Widows ‐ Service. Includes a 3.5% COLA Adj. Effective Janaury 1st, 2020. 3 Widows ‐ Service prior to 1969. Includes a 3.1% CPI increase effective July 1st, 2019 per RCW41.16.145 4 Retirees ‐ Disability after 1961. Includes a 3.5% COLA Adj. Effective Janaury 1st, 2020. 5 Retirees ‐ Service after 1969. Includes a 3.5% COLA Adj. Effective Janaury 1st, 2020. Total Pension Payments for September, 2019 16,145.74 Total Medical Payments in September, 2019 0.00 Total Expenses:  Medical/Pension 16,145.74 Prior Year Pension/Medical Payments: 4_SUMMARY 2020 9/9/2020 AGENDA ITEM #5. b) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR OCTOBER 2020 Recipient Pension Amt Retro Total 4 ANKENY, Charlie (Captain) $201.75 ‐                 $201.75 5 BARILLEAUX, Ray (Battalion Chief) ‐ ‐                 $0.00 1 BERGMAN, Claudette (Widow) $272.00 ‐                 $272.00 4 CHRISTENSON, Chuck (Firefighter) $350.83 ‐                 $350.83 5 GEISSLER, Dick (Fire Chief) $19.85 ‐                 $19.85 1 GOODWIN, Kathryn Lorayne (Widow) $1,322.31 ‐                 $1,322.31 1 JONES, Evelyn M. (Widow) $495.86 ‐                 $495.86 4 LAVALLEY, Theodele (Captain) $481.89 ‐                 $481.89 5 MATTHEW, James (Deputy Chief) ‐ ‐                 $0.00 1 MC LAUGHLIN, Barbara M. (Widow) $1,142.93 ‐                 $1,142.93 4 NEWTON, Gary (Lieutenant) $369.78 ‐                 $369.78 5 NICHOLS, Gerald (Battalion Chief) $706.75 ‐                 $706.75 2 PARKS‐ANDREASON, Arlene (Widow) $448.15 ‐                 $448.15 5 PHILLIPS, Bruce H. (Deputy Chief) $367.77 ‐                 $367.77 4 PRINGLE, Arthur (Captain) $631.82 ‐                 $631.82 1 PRINGLE, S. Joan (Widow) $3,261.02 ‐                 $3,261.02 3 RIGGLE, Arduth S. (Widow) $85.77 ‐                 $85.77 4 RUPPRECHT, Jim (Firefighter D Step) $171.32 ‐                 $171.32 1 SMITH, Shirley (Widow) $496.42 ‐                 $496.42 1 STROM, Doris (Widow) $4,134.32 ‐                 $4,134.32 1 TODD, Tess R. (Widow) $561.80 ‐                 $561.80 2 TONDA, Lila Jean (Widow) $50.31 ‐                 $50.31 4 VACCA, Nick (Lieutenant) $416.10 ‐                 $416.10 1 WALLS, Camille (Widow) $298.85 ‐                 $298.85 1 WEISS, Cheryl (Widow) $1,237.71 ‐                 $1,237.71   Total Expenses:  Pension/Medical $17,525.31 $0.00 $17,525.31 1 Widows ‐ Disability. Includes a 3.2% CPI increase effective July 1st, 2019 per RCW 41.16.145 2 Widows ‐ Service. Includes a 3.5% COLA Adj. Effective Janaury 1st, 2020. 3 Widows ‐ Service prior to 1969. Includes a 3.1% CPI increase effective July 1st, 2019 per RCW41.16.145 4 Retirees ‐ Disability after 1961. Includes a 3.5% COLA Adj. Effective Janaury 1st, 2020. 5 Retirees ‐ Service after 1969. Includes a 3.5% COLA Adj. Effective Janaury 1st, 2020. Total Pension Payments for October, 2019 16,145.74 Total Medical Payments in October, 2019 0.00 Total Expenses:  Medical/Pension 16,145.74 Prior Year Pension/Medical Payments: 4_SUMMARY 2020 10/5/2020 AGENDA ITEM #5. c) FIREFIGHTERS' PENSION BOARD PENSION/MEDICAL PAYMENTS FOR NOVEMBER 2020 Recipient Pension Amt Retro Total 4 ANKENY, Charlie (Captain) $201.75 ‐                 $201.75 5 BARILLEAUX, Ray (Battalion Chief) ‐ ‐                 $0.00 1 BERGMAN, Claudette (Widow) $272.00 ‐                 $272.00 4 CHRISTENSON, Chuck (Firefighter) $350.83 ‐                 $350.83 5 GEISSLER, Dick (Fire Chief) $19.85 ‐                 $19.85 1 GOODWIN, Kathryn Lorayne (Widow) $1,322.31 ‐                 $1,322.31 1 JONES, Evelyn M. (Widow) $495.86 ‐                 $495.86 4 LAVALLEY, Theodele (Captain) $481.89 ‐                 $481.89 5 MATTHEW, James (Deputy Chief) ‐ ‐                 $0.00 1 MC LAUGHLIN, Barbara M. (Widow) $1,142.93 ‐                 $1,142.93 4 NEWTON, Gary (Lieutenant) $369.78 ‐                 $369.78 5 NICHOLS, Gerald (Battalion Chief) $706.75 ‐                 $706.75 2 PARKS‐ANDREASON, Arlene (Widow) $448.15 ‐                 $448.15 5 PHILLIPS, Bruce H. (Deputy Chief) $367.77 ‐                 $367.77 4 PRINGLE, Arthur (Captain) $631.82 ‐                 $631.82 1 PRINGLE, S. Joan (Widow) $3,261.02 ‐                 $3,261.02 3 RIGGLE, Arduth S. (Widow) $85.77 ‐                 $85.77 4 RUPPRECHT, Jim (Firefighter D Step) $171.32 ‐                 $171.32 1 SMITH, Shirley (Widow) $496.42 ‐                 $496.42 1 STROM, Doris (Widow) $4,134.32 ‐                 $4,134.32 1 TODD, Tess R. (Widow) $561.80 ‐                 $561.80 2 TONDA, Lila Jean (Widow) $50.31 ‐                 $50.31 4 VACCA, Nick (Lieutenant) $416.10 ‐                 $416.10 1 WALLS, Camille (Widow) $298.85 ‐                 $298.85 1 WEISS, Cheryl (Widow) $1,237.71 ‐                 $1,237.71   Total Expenses:  Pension/Medical $17,525.31 $0.00 $17,525.31 1 Widows ‐ Disability. Includes a 3.2% CPI increase effective July 1st, 2019 per RCW 41.16.145 2 Widows ‐ Service. Includes a 3.5% COLA Adj. Effective Janaury 1st, 2020. 3 Widows ‐ Service prior to 1969. Includes a 3.1% CPI increase effective July 1st, 2019 per RCW41.16.145 4 Retirees ‐ Disability after 1961. Includes a 3.5% COLA Adj. Effective Janaury 1st, 2020. 5 Retirees ‐ Service after 1969. Includes a 3.5% COLA Adj. Effective Janaury 1st, 2020. Total Pension Payments for November, 2019 16,145.74 Total Medical Payments in November, 2019 0.00 Total Expenses:  Medical/Pension 16,145.74 Prior Year Pension/Medical Payments: 4_SUMMARY 2020 11/9/2020 AGENDA ITEM #5. d)