HomeMy WebLinkAbout01-17-19 - Signed Minutes MINUTES
FIREFIGHTERS' PENSION BOARD
CITY OF RENTON
January 17,2019
Denis Law, Mayor-ABSENT
Armondo Pavone, Finance Committee Chair—ABSENT
Jason Seth, City Clerk
Ray Barilleaux, Fire Department Representative
Bruce Phillips, Fire Department Representative—ABSENT
Chuck Christenson,Alternate Fire Department Representative
Jamie Thomas, Fiscal Services Director
Sean Hollingsworth, Finance Representative
The regular meeting of the Firefighters' Pension Board was called to order by Ray Barilleaux, Fire
Department Representative at 2:02 p.m. in the Mayor's office, 7th floor of Renton City Hall. In
attendance were Board members Fire Department Representatives Ray Barilleaux, Chuck
Christenson, and City Clerk Jason Seth. Additionally, Fiscal Services Director Jamie Thomas and
Sean Hollingsworth were in attendance representing the Finance Division.
MINUTES APPROVAL
MOVED BY CHRISTENSON,SECONDED BY BARILLEAUX,THE PENSION BOARD APPROVE THE
MINUTES OF THE NOVEMBER 15, 2018 MEETING. CARRIED.
MONTHLY STATEMENT
The November 30, 2018 and December 31, 2018 financial reports were reviewed.Total
cash/investment balance was, as of December 31, 2018, $7,142,179.89. Ms.Thomas reviewed a
spreadsheet highlighting the Firefighters' Pension financial portfolio.She noted that some
investments had matured and asked the board if it was interested in re-investing any funds.The
board asked Ms.Thomas to bring investment options back to the board at its next meeting in
March 2019.
MONTHLY BILLS AND PENSION PAYMENTS
MOVED BY CHRISTENSON,SECONDED BY SETH,THE BOARD APPROVE THE PENSION/MEDICAL
PAYMENTS OF$15,705.91 FOR DECEMBER 2018 AND$17,761.25 FOR JANUARY 2019,TO BE
PAID BY THE FIREFIGHTERS' PENSION FUND. CARRIED.
UNFINISHED BUSINESS
Ray Barilleaux was reelected to serve as Fire Department Representative for the term 1/1/2019
through 12/31/2020.
NEW BUSINESS
The board asked Mr. Hollingsworth to verify whether Ms.Arlene Parks-Andreason should be
receiving the 3.1%CPI increase the other widows are receiving. Mr. Hollingsworth also asked if
he could send out the annual membership survey. MOVED BY CHRISTENSON,SECONDED BY
SETH,THE BOARD ALLOW THE FINANCE DIVISION TO MAIL OUT THE ANNUAL MEMBER SURVEY.
CARRIED.
1/17/2019 Minutes
Firefighters'Pension Board
Page 2 of 2
ADJOURNMENT
MOVED BY CHRISTENSON,SECONDED BY SETH,THE FIREFIGHTERS' PENSION BOARD ADJOURN.
CARRIED.TIME: 2:25 P.M.
/Jason Seth, City Clerk
Secretary, Firefighters' Pension Board