HomeMy WebLinkAbout1979 - 1982 Book -1
CITY OF RENTON
FIREMEN 'S PENSION BOARD
+� Regular Meeting
April 10, 1979
BOARD MEMBERS
Charles J. Delaurenti , Mayor-Chairman
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept. Rep
Ray Barilleaux, Alternate Fire Dept. Rep.
The regular meeting of the Firemen's Pension Board was called to order by
Chairman Delaurenti at 4:00 p.m. Board member Clymer was unable to attend.
Ted Bennett, Deputy Finance Director, was in attendance.
MINUTE APPROVAL
MOVED BY MEAD, SECOND RIGGLE, TO APPROVE THE MINUTES OF THE PREVIOUS MEETING OF
MARCH 13, 1979 AS WRITTEN. CARRIED.
MONTHLY STATEMENT OF CASH AND INVESTMENTS (See Attached Statement)
The cash and investment activity report was distributed reflecting investments
to March 31, 1979 as follows:
1) Sold $146,300 in Repos.
2) Received $10,714.18 payment on LID 265 Installment Note 8 $5,636.47
on LID 267 Installment Note.
3) Purchased $25,500 Repo from Pacific National Bank @ 9.65% to mature 3/9.
4) Purchased $30,800 Repo from Pacific National Bank @ 9.65% to mature 3/16.
5) Purchased $30,900 Repo from Pacific National Bank @ 9.65% to mature 3/23.
6) Purchased $29,700 Repo from Old National Bank @ 9.76% to mature 3/30.
7) Purchased $30,100 Repo from Old National Bank @ 9.45% to mature 4/6.
After discussion it was directed that the report be filed for record.
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
List of March medical bills and April pension payments were distributed.
MOVED BY HENRY, SECOND RIGGLE TO APPROVE MONTHLY BILLS AND PENSION PAYMENTS
AND AUTHORIZE WARRANTS DRAWN TO COVER. CARRIED.
OLD BUSINESS
Fireman Henry called attention to Mayor's letter regarding payment of comp
time accumulated by the firemen of past years and the Mayor's opinion that
a moral obligation exists to make such payment. The Mayor noted the Ways and
Means Committee report recommends that payment be authorized no later than
pow December 31, 1979 from unanticipated revenue. It was also noted that any
future comp time must be authorized by the department head and must be used
within thirty (30) days, Resolution to be adopted.
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Firemen's Pension Board
Regular Meeting of April 10, 1979
Page Two
NEW FIRE STATION
Discussion ensued regarding additional improvements to the parking lot and
facilities at the new fire station as requested by Fire Chief Geissler in
the sum of $17,892.98. These items had been deleted from the original 'bid
package, but felt it to be essential to make the facilities fully functional .
This request has been referred to the Ways and Means Committee of the City
Council .
PENSION FUND ACTUARY
Fireman Henry inquired whether it was the Mayor's intent to put monies
into the pension fund and if he were going to use the actuary recommendations.
Mayor Delaurenti advised it was his recommendation to allocate some monies
for the pension fund, possibly to pick up medical premiums and pensions from
the current fund. How much, however, to depend on the availability of funds
and he will keep in mind the recommendations of the actuary report.
ADDITIONAL FIREFIGHTING APPARATUS
Discussion ensued regarding purchase of additional fire truck and possible
mode of funding.
...
As there was no further business to come before the Board, it was MOVED
BY HENRY, SECOND RIGGLE THE MEETING ADJOURN. CARRIED. 4:33 P.M.
Delores A. Meadity C1 rk
Renton Firemen's Pension Board
REMINDER: Regular Monthly meeting for May of the Firemen's Board has
been set for Monday, May 7th at 4:00 P.M.
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CITY OF RENTON — FIREMEN'S PE.tiSION F 'N'D
CASH & INVESTMITNT ACTIVITY REPORT
As of March 319 19i9'
Current Month Previous MonthLast Yr. Current Last Yr. Previous
CASH & INVESTMENT ACTIVITY March FebruaryMonth March Month February
CASH
Beginning Cash Balance . . . . . . . . . . . . . $ 148.66 $ %3.87 $ (9,170.23) $ 248.16
KWEIPTS:
Revenue . . 2,555.77 5,794.96 5,944.39 6,353.31
Investments Sold . . . . . . . . . . . 162,650.65 114,200.00 165,039.59 97,600.00
D I SBURSE24INTS:
Expenditures . . . . . . . . . . . . . . . . 16,219.16 17,120.17 13,612.09 13,071 .70
Investments Purchased . . . . . . . . . . . . . . 149,000.00 102,800.00 147,600.00 100,300.00
ENDING CASH BALANCE . . . . . . . . . . . . . . . $ 135.92 $ 148.66 $ 601.66 $ (9,170.2))
INVESTMENTS
Savings Accounts, Repurchase
Agreements & Certificates of Deposit . . . . . . . $ 30,100.00 $ 27,400.00 $ 62,300.00 $ 69,000.00
1+111icipa18 . . . . . . . . . . . . . . . . . . 47,345.89 63,696.54 84,641.55 95,381.14
Corporate Bonds . . . . . . . . . . . . . . . . . 347,195.66 347,195.66 355,750.66 355,750.66
Mutual hinds . . . . . . . . . . . . . . . . . . . 241,988.34 241,988.34 280,588.34 280,588.34
TOTAL, INVESTMENTS . . . . . . . . . . . . . . . . $666,629.89 $680,280.54 $783,280.55 $800,720.14
TOTAL CASH k INVESTMENTS . . . . . . . . . . . . . $666,765.81 $680,429.20 $783,882.21 $791,549.91
I W E:STMINT ACTIVITY DURING THE CURRENT MONTH:
1) Sold $146,300.00 in Repos.
2) Received $10,714.18 payment on LID 265 Installment Note & $5,636.47 on LID 267 Installment Note.
3 Purchased $2'',500.00 Repo from Pacific National Bank C 9.65% to mature 3/9•
4 Purchased $30,800.00 Repo from Pacific National Bank 4 9.65% to mature 3/16.
5 Purchased $30,900.00 Repo from Pacific National Bank r 9.65% to mature 3/23.
6) Purchased $29,,00.00 Repo from Old National Bank ra 9.76% to mature 3/30.
1 Purchased $30,100.00 Repo from Old National Bank ft 9.45% to mature 4/6.
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FIREMEN'S PENSION BOARD APRIL 1979
now
MEDICAL BILLS FOR MARCH 1979:
ALLERGY CLINIC BERGQUIST $ 25.00 $ 25.00
AUSTINS PHARMACY 633150 ANDERSON $ 2.85 $ 2.85
BARDARSON, BAIRD M. , M.D. SHERERTZ $ 5.00 $ 5.00
BAKER, GORDON P. , M.D. ROO-550747 MATTHEW $ 10.00 $ 10.00
COLEMAN, DANIEL H. , M.D. ALEXANDER $202.00 $202.00
HARTWIG, JAMES H. , M.D. 37545 RIGGLE $ 7.00 $ 7.00
K'S PHARMACY 097018 ALEXANDER $ 15.75
097121 ANDERSON 9.25
097199 ANDERSON 4.80
096927 PARKS 6.80
097180 PARKS 14.50 $ 51. 10
MONTEFERING CLINIC STROM $135.00 $135.00
RENTON OPTICAL CO. CONNELL $ 57.00 $ 57.00
VALLEY GENERAL PHARMACY HENRY $ 4.35 $ 4.35 ..,.
VALLEY GENERAL PHARMACY RIGGLE $ 4.95 $ 4.95
MEDICAL PREMIUMS FOR MARCH 1979:
GROUP HEALTH MEDICAL $ 135.30
KING COUNTY MEDICAL 2,697.50
WASHINGTON DENTAL SERVICE 702.24 $3,535.04
TOTAL MEDICAL COSTS FOR MARCH 1979 $4,039.29
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FIREMEN'S PENSION BOARD -2- APRIL 1979
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PENSION PAYMENTS FOR APRIL 1979:
ALEXANDER, John (Captain) $1,226.00
ANDERSON, Mrs. Enza (Widow) 435.03
ANDERSON, T.K. (Fireman) 926.00
ASHURST, James F. (Asst. Chief) 1,296.00
BANASKY, George (Fireman) 245.20
BERGMAN, Ronald A. (Fireman) 225.45
CONNELL, Robert (Captain) 173.75
GOODWIN, Charles (Captain 1,226.00
HAWORTH, Mrs. Constance C. (Widow) 760.80
OAWORTH, Jack (Fireman) 926.0Q
HENRY, Paul J. (Flrgrgan) 22.65
HURSTz f 4e 4`1d (Firem n iu.67
LAWRENCE, Floyd (Chief 497.18
Mc DONALD, Mrs. Orpha (Widow) 435.03'
PARKS, John (Fireman) 943.50
PRINGLE, Sylvia Joan (Widow) 718.86
SHERERTZ, Marvin L. (Battalion Chief) 44.88
STROM, Karl (Fireman) 926.00
TODD, Franklin L. (Fireman) 117.83
TONDA, Ernest J. (Captain) 90.82
WALSH, Patrick J. (Captain) 261.39
TOTAL PENSION PAYMENTS FOR APRIL 1979 $11,601.24
TOTAL MEDICAL PAYMENTS FOR MARCH 1979 $ 4,039.04
TOTAL EXPENSES: Medical/Pension $15,640.28
TOTAL PENSION PAYMENTS FOR APRIL 1978 $ 8,727.37
TOTAL MEDICAL PAYMENTS FOR MARCH 1978 $ 3,648.60
TOTAL EXPENSES FOR 1978 $12,375.97
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CITY OF RENTON
FIREMENrS PENSION BOARD
Regular Meeting �►
May 7 , 1979
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BOARD MEMBERS
Charles J. Delaurenti , Mayor-Chairman
Delores A. Mead, City Clerk-Secretary
Earl Clymer , Councilman
William Henry, Fire Dept. Rep.
David Riggle , Fire Dept . Rep.
Ray Barilleaux, Alternate Fire Dept . Rep.
There being a quorum present , the regular meeting of the
Firemem' s Pension Board was called to order by Chairman
Delaurenti at 4:00 P.M. Board Members Clymer and Henry
were absent . Ted Bennett , Deputy Finance Director, was
present in the absence of Gwen Marshall.
MINUTE APPROVAL
MOVED BY MEAD, SECONDED BY RIGGLE, TO APPROVE THE MINUTES
OF THE PREVIOUS MEETING OF APRIL 10, 1979, AS WRITTEN.
CARRIED.
..v
MONTHLY STATEMENT OF CASH INVESTMENTS (See Attached Statement)
The cash investments activity report was distributed
reflecting investments to April 30 , 1979 as follows :
1) Sold $103 , 700.00 in Repos .
2) Received $1 , 333_27 payment on LID 271 Installment Note.
3) Purchased $29, 100. 00 Repo from Pacific National Bank
9.65% to mature 4/13 .
4) Purchased $29, 200.00 Repo from Pacific National Bank (-4
9.601/. to mature 4/20.
5) Purchased $.15 , 300 .00 Repo from Old National Bank
9. 60% to mature 4/27 .
6) Purchased $15 , 300.00 Repo from Old National Bank C�
8. 86% to mature 5/4 .
After review with Deputy Finance Director , Ted Bennett it
was directed the report be filed for record.
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
List of April medical bills and May pension payments was MW
distributed and reviewed. *MOVED BY RIGGLE, SECONDED BY MEAD,
TO APPROVE MEDICAL BILLS AND PENSION PAYMENTS AS LISTED,
AND TO AUTHORIZE WARRANTS DRAWN TO COVER. The Secretary was
requested to check the pension payments and report by memo
Firemen ' s Pension Board
Regular Meeting of May 7 , 1979
Page Two
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MONTHLY BILLS AND PENSION PAYMENTS (cont . )
as to when the checks are distributed, not being earned until
month end. City Clerk, Del Mead noted prior discussion and
that warrants are run following the meetings and distributed
after earned and she would confirm same after checking actual
procedure . *PENDING MOTION CARRIED
OLD BUSINESS
Fireman Riggle questioned how much money the Mayor planned
to put into the Pension Fund noting depleting balance. The
Mayor recalled his committment to the funding but no deter-
mination yet made as to amount .
NEW BUSINESS
The Secretary reported awaiting additional Consumer Price
Index figure in order to compute pension benefit increases
due in July, it appearing that the index change will result
in approximatley 9. 5% for January-December 1978 for the
"" Seattle area,required by law to be used for the computations .
No December Consumer Price Index is issued by the U.S .
Department of Labor for December and it becomes necessary
to " project" for December . It was noted other jurisdictions
have been contacted and none have come to a decision as yet .
The old index has been discontinued and a revised index now
issued every two months. Also, Urban Consumer Index or Urban
Wage and Clerical Workers indexes are provided, the latter
representing 800/. of the population, the former 50%. The
Secretary suggested using the revised Consumer Price Index
and the latter index for computation since it gives a broader
base. After discussion it was agreed there will be adequate
lead time for computer program change if necessary action
is taken at the June meeting, the increase not effective
until July.
As there was no further business to come before the Pension
Board it was MOVED BY RIGGLE, SECONDED BY MEAD, TO ADJOURN.
CARRIED. MEETING ADJOURNED AT 4 :30 P.M.
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Delores A. Mead, Ci y Clerk
Renton Firemen ' s Pension Board
CITY OF RENTON — FIREX�N'S PEtiSION FUND
CASH & INVESTMENT ACTIVITY REPORT
As of April 30, 1979
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH & INVESTMENT ACTIVITY April March Month April Month March
CASH
Beginning Cash Balance . . . . . . . . . . . $ 135.92 $ 148.66 $ 601.66 $ (9, 170.23)
RWEIPPS:
Revenue3,201.72 2,555.77 3,234.66 5,944-39
Investments Sold 105,033.27 162,650.65 248,772.25 165,039.59
DISBURSEMENTS:
Expenditures . . . . . . . . . . . . . . . . . . 19,148.60 16,219.16 12,379.34 13,612.09
Investments Purchased . . . . . . . . 88,900.00 149,000.00 240,100.00 147,600.00
ENDING CASH BALANCE $ 322.31 $ 135.92 $ 129.23 $ 601.66
I NV E:STMENTS
Savings Accounts, Repurchase
A{irrente & Certificates of Deposit $ 15,300.00 $ 30,100.00 ; 58,600.tJ0 $ 62,300.00
Municipals . . . . 46,012.62 47,345.89 79,669.30 84,641.55
Corporate Bonds . . . . . . . . . . . . . . 347,195.66 347,195.66 355,750.66 355,750.66
Mutual Funds . . . . . . . . . . . . . . . . . . . 241,988.34 241,988.34 280,588.34 280,588.34
TOTA1, INVESTMENTS . . . . . . . . . . . . . . . . $650,496.62 $666,629.89 $774,608.30 $783,280.55
TOTAL CASH & INVESTMENTS . . . . . . . . . . . . . $650,818.93 $666,765.81 $774,737.53 $783,882.21
INVESTMENT ACTIVITY DURING THE CURRENT MONTH:
1) Sold $103,700.00 in Repos.
2 Received $1,333.27 payment on LID 271 Installment Note.
3 Purchased $29,100.00 Repo from Pacific National Bank @ 9.65% to mature 4/13.
4 Purchased $29,200.00 Repo from Pacific National Bank @ 9.60% to mature 4/20.
5 Purchased $15,300.00 Repo from Old National Bank @ 9.60% to mature 4/27.
6� Purchased $15,300.00 Repo from Old National Bank C 8.86% to mature 5/4.
FIREMEN'S PENSION BOARD MAY 1979
MEDICAL BILLS FOR APRIL 1979:
A & H DRUGS 759803 BEATTEAY $ 6.45
756380 COLOMBI 3.95
756438 COLOMBI 10.80 $21.20
AUSTIN'S REXALL DRUGS 633849 ANDERSON $ 9.00
633633 ANDERSON 10.20 $19.20
CORNELL'S VALLEY PHARMACY 6550 RIGGLE $ 11.30
2388 BERGQUIST 11.30
4759 NICHOLS 5.85 $28.45
GREEN & JACKSON DRUG CO. 107665 WILLIAMS $ 13.10 $13.10
INTERNATIONAL OPTICAL DISPENSARY NEWTON $ 87.07 $87.07
K'S PHARMACY 097359 ALEXANDER $ 20.40
097381 ALEXANDER 11.45
097677 ALEXANDER 31.75
097364 PARKS 15.50 $79.10
K'S PHARMACY 097245 BERGQUIST $ 7.40
097099 CONNELL 9.15
.� 096964 JONES 7.30
097041 LaVALLEY 44.47
097130 LaVALLEY 3.00
096991 PARKS 11.85
097094 PARKS 11.85 $95.02
PAY-N-SAVE 76710 CHRISTENSON $ 9.29 $ 9.29
VALLEY GENERAL HOSPITAL NICHOLS $ 17.00 $17.00
VIRGINIA MASON HOSPITAL COLOMBI $ 24.35 $24.35
MEDICAL PREMIUMS FOR APRIL 1979:
GROUP HEALTH MEDICAL $ 142.08
KING COUNTY MEDICAL 2,656.00
WASHINGTON DENTAL SERVICE 689.70 $3,487.78
TOTAL MEDICAL COSTS FOR APRIL 1979 $3,881.56
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FIREMEN'S PENSION BOARD -2- MAY 1979
PENSION PAYMENTS FOR MAY 1979:
ALEXANDER, John (Captain) $1,226.00
ANDERSON, Mrs. Enza (Widow) 435.03
ANDERSON, T.K. (Fireman) 926.00
ASHURST, James F. (Asst. Chief) 1,296.00
BANASKY, George Captain 245.20
CONNELL, Robert Captain; 173.75
GOODWIN, Charles (Captain) 1,226.00
HAWORTH, Mrs. Constance C. 760.80
HAWORTH, Jack (Fireman) 926.00
HENRY, Paul J. (Fireman) 22.65
HURST, Gerald (Fireman) 102.87
LAWRENCE, Floyd (Chief) 497.18
MCDONALD, Mrs. Orpha (Widow) 435.03
PARKS, John (Fireman) 943.50
PRINGLE, Sylvia Joan (Widow) 718.86
SHERERTZ, Marvin L. (Battalion Chief) 44.88
STROM, Karl (Fireman) 926.00
TODD, Franklin L. (Fireman) 117.83
TONDA, Ernest J. (Captain) 90.82
WALSH, Patrick J. (Captain) 261.39
TOTAL PENSION PAYMENTS FOR MAY 1979 $11,375.79 Now
TOTAL MEDICAL PAYMENTS FOR APRIL 1979 $ 3,881.56
TOTAL EXPENSES: Medical/Pension $15,257.35
TOTAL PENSION PAYMENTS FOR MAY 1978 $ 8,727.37
TOTAL MEDICAL PAYMENTS FOR APRIL 1978 $ 3,717.98
TOTAL EXPENSES FOR 1978 $12,445.35
CITY OF RENTON
FIREMEN 'S PENSION BOARD
Regular Meeting
June 11, 1979
BOARD MEMBERS
Charles J. Delaurenti , Mayor-Chairman
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept. Rep.
Ray Barilleaux, Alternate Fire Dept. Rep.
The regular meeting of the Firemen' s Pension Board was called to order by
Chairman Delaurenti at 4:00 p.m. in the 6th floor conference room. Board
member Henry was absent. MOVED BY RIGGLE, SECOND CLYMER TO EXCUSE ABSENT
BOARD MEMBER. CARRIED. Ted Bennett, Deputy Finance Director, was present
in the absence of Gwen Marshall .
MINUTE APPROVAL
MOVED BY MEAD, SECOND RIGGLE, TO APPROVE THE MINUTES OF THE PREVIOUS
MEETING OF MAY 7, 1979 AS WRITTEN. CARRIEj.
MONTHLY STATEMENT OF CASH AND INVESTMEiJTS (See Attached Statement)
.. The monthly cash flow and investment report was distributed reflecting
investment activity to May 31, 1979 as follows :
1) Sold $83,900.00 in Repos.
2) Purchased $15,500.00 Repo from Seattle First @ 9.65'% to mature 5/11.
3) Purchased $18,200.00 Repo from Old Jational @ 9.65% to mature 5/18.
4) Purchased $2,900.00 Repo from Seattle First 9.80% to mature 5/25.
5) Purchased $32,000.00 Repo from Seattle First @ 9.50% to mature 5/31.
6) Purchased $32,000.00 Repo from Seattle First @ 9.50 to mature 6/8.
7) Received $1,373. 53 Payment on LID 264 Installment Note.
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
List of May medical 'Dills and June pension payments was distributed and
reviewed by the 3oard. MOVED BY CLYMER, SECOND RIGGLE, TO APPROVE THE BILLS
AND PENSION PAYMENTS AS PRESENTED AND TO AUTHORIZE WARRA14TS DRAWN TO COVER.
CARRIED.
CORRESPONDENCE
Question raised at the May meeting regarding issue of the pension checks
was noted. A memo from Secretary Mead advised that the Board approves the
pension payments at its monthly meetings, however, warrant runs don 't occur
until the third week of the month with checks distributed after earned,
during the first week of the following month. Note to the Mayor from
Deputy Finance Director Bennett confirmed that warrants are not issued to
the pensioners until the last working day of the month.
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Firemen's Pension Board
Regular Meeting of June 11, 1979
Page Two
OLD BUSINESS
Letter from Board Secretary Del Mead advised of action required at this
time to adjust retirement widows and pension benefits to provide annual
cost of living increases for retiree Floyd Lawrence, widows - Mrs. Enza
Anderson, Mrs. Orpha McDonald, and Mrs. Sylvia Joan Pringle, pursuant
to RCW 41.18. 104.
The additional benefits are to be based on the Seattle Consumer Price Index
for the previous year. The U.S. Bureau of Labor Statistics, however, issued
the Seattle area CPI only every two months and a monthly index is still not
available, statistical projection again being necessary to compute the annual
increases.
The CPI percentage increase from January 1973 through December based on
the Seattle area CPI for urban consumers and clerical workers, amounts
to 9.5%, to be effective with the July payment. Total monthly cost of
the pension increases will amount to $179.99 per month. (See attached)
MOVED BY CLYMER, SECOND RIGGLE,TO GRA14T 9.5% COST OF LIVING INCREASE TO
RETIREES AND WIDOWS EFFECTIVE JULY 1, 1979.
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NEW BUSINESS
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The secretary recalled prior request for bugetary allocation for purchase
of a new IBM Selectric II typewriter and asked for consideration of
earlier appropriation ($810.00 + tax) since the old typewriter no longer
operates satisfactorily, also, delivery on a new one quoted from 16-18
weeks and price increase scheduled for July. MOVED BY CLYMER, SECOND
RIGGLE TO AUTHORIZE PURCHASE OF THE NEW TYPEWRITER AT THIS TIME. CARRIED.
Various aspects of trade-in or surplusing the old machine were discussed,
$60.00 trade-in value having been quoted. The chairman suggested the
secretary inquire regarding the best return possible. MOVED BY CLYMER,
SECOND RIGGLE, TO AUTHORIZE TRADE-Iii. CARRIED.
As there was no further business to come before the Board, it was MOVED
BY RIGGLE, SECOND CLYMER TO ADJOURN. CARRIED. 4:35 P.M.
Delores A. Mead, City Clerk
Renton Firemen's Pension Board
FIREMEN' S PENSION BOARD JUNE 1979
MEDICAL BILLS FOR MAY 1979:
A & H DRUGS 520709 Beatteay $ 10.25
520629 Beatteay 11.50
520240 Beatteay 21.50
522390 Beatteay 7.25
522323 Beatteay 12.25
756468 Colombi 3.80
756476 Colombi 3.95
756475 Moeller 4.25
756277 Moeller 5.55 $ 80.30
BAKER, RICHARD K., D.C. Price $ 13.00 $ 13.00
CORNELL'S VALLEY PHARMACY 6732 Bergquist $ 12.80
7360 Bergquist 25.50
6545 Geissler 6.35
6714 Geissler 12.70
6720 Hall 5.50
6736 Riggle 11.30 $ 74. 15
FAIRWOOD PHARMACY Dawkins $ 25.09 $ 25.09
GREEN & JACKSON DRUG CO. Williams $ 55.50 $ 55.50
INTERNATIONAL OPTICAL DISPENSARY 3997 Riggle $107 .07 $107.07
JAFFE, S.L. , O.D. A13272 Bergman $150.51 $150.51
K'S PHARMACY 097890 Alexander $ 8.85
098552 Alexander 19.95
097743 Parks 30.75 $ 59.55
K'S PHARMACY 097625 Banasky $ 3.55
097542 Connell 11.82
097620 Connell 7.30
097871 Hall 3.65
097443 Henry 15.35
098613 Henry 20.25
097782 Hurst 8.91
097392 Larson 21.80
097895 LaValley 26.55
097839 Parks 4.80
098570 Parks 4.80
097350 Phillips 9.80
097710 Phillips 25.55
097171 Rupprecht 9.85
098559 Rupprecht 10.35
�. 098624 Tonda 29.50
097799 Walls 3.10
098576 Walls 3. 10 $221.03
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FIREMEN'S PENSION BOARD Page 2 JUNE 1979
MEDICAL BILLS FOR MAY 1979 - Continued:
MONTEFERING CLINIC Strom $185.00 $185.00
PUGET SOUND BLOOD CENTER Alexander $,81 .00 $181.00
SWEDISH HOSPITAL MEDICAL CENTER Alexander $356.00 $356.00
VARN, DAVID H. JR. , M.D. Sherertz $ 40.00 $ 40.00
VARN'S PHARMACY Sherertz $ 33.60 $ 33.60
COLEMAN, DANIEL H. , M.D. Alexander $160.50 $160.50
MEDICAL PERENIUMS FOR MAY 1979:
GROUP HEALTH MEDICAL $ 184.92
KING COUNTY MEDICAL 2,720.00
WASHINGTON DENTAL SERVICE 702.24 $3,607. 16
TOTAL MEDICAL COSTS FOR MAY 1979 $5,349.46
FIREMEN'S PENSION BOARD Page 3 JUNE 1979
PENSION PAYMENTS FOR JUNE 1979:
ALEXANDER, John (Captain) $1,226.00
ANDERSON, Mrs. Enza (Widow) 435.03
ANDERSON, T.K. (Fireman) 926.00
ASHURST, James F. (Asst. Chief) 1,296.00
BANASKY, George (Captain) 245.20
CONNELL, Robert (Captain) 173.75
GOODWIN, Charles (Captain) 1,226.00
HAWORTH, Mrs. Constance C. 760.80
HAWORTH, Jack (Fireman) 926.00
HENRY, Paul J. (Fireman) 22.65
HURST, Gerald (Fireman) 102.87
LAWRENCE, Floyd (Chief) 497. 18
McDONALD, Mrs. Orpha (Widow) 435.03
PARKS, John (Fireman) 943.50
PRINGLE, Sylvia Joan (Widow) 718.86
SHERERTZ, Marvin L. (Battalion Chief) 44.88
STROM, Karl (Fireman) 926.00
TODD, Franklin L. (Fireman) 117.83
TONDA, Ernest J. (Captain) 90.82
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WALSH, Patrick J. (Captain) 261.39
TOTAL PENSION PAYMENTS FOR JUNE 1979 $11,375.79
TOTAL MEDICAL PAYMENTS FOR MAY 1979 $ 5,349.46
TOTAL EXPENSES: Medical/Pension $16,725.25
TOTAL PENSION PAYMENTS FOR JUNE 1978 $10,693.95
TOTAL MEDICAL PAYMENTS FOR MAY 1978 $ 4,528.78
TOTAL EXPENSES FOR 1978 $15,222.73
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CITY OF RENTON — FIREMEN'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
As of May 31, 1979
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH & INVESTMENT ACTIVITY May April Month May Month April
CASH
Beginning Cash Balance . . . . . . . . . . . . . . $ 322.31 $ 135.92 $ 129.23 $ 601.66
IWCEIPTS:
Revenue . . . . . . . . . . . . . . . . . . 31,611.29 3,201.72 27,338.82 3,234.66
Investments Sold . . . . . . . . . . . . . . . . 85,273.53 105,033.27 233,356.91 248,772.25
1)1 SBURSEMENTS:
P;xpenditures *
. . . . . . . . . . . . . . 15,551.31 19,148.60 15,775.28 12,379.34
Investments Purchased . . . . . . . . . . . . . . 100,600.00 88,900.00 244,900.00 240,100.00
ENDING CASH BALANCE; . . . . . . . . . . . . . . . $ 1,055.82 $ 322.31 $ 149.68 $ 129.23
INVESTMENTS
Savings Accounts, Repurchase
Agreements X. Certificates of Deposit . . . . . . . $ 32,000.00 $ 15,300.00 $ 76,100.00 $ 58,600.00
Municipals . . . . . . . . . . . . . . . . . . . . 44,639.09 46,012.62 79,012.39 79,669.30
Cot-porate Bonds . . . . . . . . . . . . . . . . . 347095.66 347095.66 350,450.66 355,750.66
Mutual Funds . . . . . . . . . . . . . . . . . . . 241,988.34 241,988.34 280,588.34 280,588.34
TOTAL INNE,STWNTS . . . . . . . . . . . . . . . . $665,823.09 $6500496.62 $786,151.39 $774,608.30
TOTAL CASA K. INVESTMETITS . . . . . . . . . . . . . $666,878.91 $650,818.93 $786,301.07 $774,737.53
I WESTMP,NT ACTIVI'T'Y DURING THE; CURRENT MONTH:
11 Sold $83,900.00 in Repos.
2 Purchased $15,500.00 Repo from Seattle First @ 9.65% to mature 5/11.
3) Purchased $18,200.00 Repo from Old National @ 9.65% to mature 5/18.
4 Purchased $2,900.00 Repo from Seattle First @ 9.80% to mature 5/25.
5) Purchased $32,000.00 Repo from Seattle First @ 9.50% to mature 5/31.
6) Purchased $32,000.00 Repo from Seattle First Cd 9.50% to mature 6/8.
7) Received $1,373.53 Payment on LID 264 Installment Note.
M E M O R A N D U M
TO: FIREMEN'S PENSION BOARD DATE: JUNE 15, 1979
FROM: FINANCE DEPARTMENT
SUBJ: COST OF LIVING INCREASE EFFECTIVE JULY 1, 1979 FOR WIDOWS OF FIRE FIGHTERS
AND NON-SERVICE DISABILITY RETIREE (9.5% INCREASE) See *** below.
1 2 3 4
1 9.5% ON + MONTHLY - PENSION
BASE BASE PENSION PENSION TO + TO
PENSIONER PENSION MO. INCREASE 7/1/79 OTHER 7/l/80_
Enza Anderson/Widow $300.00 $ 28.50 $ 435.03 --- $ 463.53
Orpha McDonald/Widow 300.00 28.50 435.03 -- 463.53
Connie Haworth/Widow 532.00 50.54 760.80 --- 811.34
Joan Pringle/Widow 415.50 39.47 2) 635.76 3 $83.10 758.33
Floyd Lawrence/Non-
Service Disability 305.00 28.98 497.18 --- 526.16
TOTALS $1,852.50 4 $175.99 $2,763.80 $83.10 $3,022.89
�. COLUMNS (1) + (2) + (3) = (4)
NOTES:
1) Basic pension at time of Fire Fighter' s death or retirement; percentage of
salary allowable for pension.
2) Pension to 7/1/79 without allowance for dependent children. (see Note 3).
3) Allowance for children: 5% of salary at death ($831.00 for each dependent
child; 2 children = 10% of $831.00 or $83.10.
4) $175.99 is total increase per month with 9.5% increase; July 1, 1979 to
June 30, 1980.
*** We are researching the pension laws regarding computation of the above pensions;
whether the cost of living increase is to be computed on the base pension, as we
have done or is it to be computed on the current pension. These pension increases
are effective July 1, 1979 and we should have an answer by your July pension board
meeting, at which time you will be notified of any adjustments.
'fir
CITY OF RENTON
FIREMEN'S PENSION BOARD
Regular Meeting ma ,
July 10, 1979
BOARD MEMBERS
Charles J. Delaurenti , Mayor-Chairman
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept. Rep.
Ray Barilleaux, Alternate Fire Dept. Rep.
The regular meeting of the Firemen's Pension Board was called to order by City
Councilman Clymer at 4:15 P.M. in the 6th floor conference room, the Mayor
arriving later during the meeting. Ted Bennett, Deputy Finance Director, was
present in the absence of Gwen Marshall .
MINUTE APPROVAL
MOVED BY CLYMER, SECOND HENRY TO APPROVE THE MINUTES OF THE PREVIOUS MEETING
OF JUNE 11, 1979 AS WRITTEN. CARRIED.
CORRESPONDENCE
Memorandum from the Finance Department (see attached) advised of question which
has arisen regarding the method of adding the cost of living increases, granted
by the Pension Board,to the pension salaries. After discussion it was MOVED
BY CLYMER, SECOND RIGGLE, TO REQUEST AN OPINION FROM THE CITY ATTORNEY AS TO
THE INTERPRETATION OF THE LAW IN VIEW OF CHANGES OVER THE PAST SEVERAL YEARS.
CARRIED.
MONTHLY STATEMENT OF CASH AND INVESTMENTS (See Attached Statement)
The monthly cash flow and investment report was distributed reflecting investment
activity to June 30, 1979 as follows:
1) Sold $87,300.00 in Repos.
2) Purchased $36,300.00 Repo from Old National @ 9.72 to mature 6/15.
3) Purchased $17,700.00 Repo from Old National @ 9.73% to mature 6/22.
4) Purchased $1,300.00 Repo from Old National @ 9.68% to mature 6/29.
5) Purchased $20,000.00 Certificate of Deposit from Peoples @ 9.50% to
mature 7/23.
6) Received $790.08 payment of LID 268 Installment Note.
MOVED BY RI, GLE, SECOND HENRY, TO ACCEPT THE INVESTMENT REPORT AND FILE FOR RECORD.
CARRIED.
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
Bill from Karl Strom was noted as a new type of expenditure needing Board
deliberation. Physician's letter prescribed a water bed in connection with
the firemen' s back problem in the sum of $787.34. The Board suggested that
the bill be returned to Mr. Strom to be presented to his insurance carrier
before submittal to the Pension Board. After some discussion regarding intent
of the law and fund depletion, it was MOVED BY CLYMER, SECOND HENRY, TO REFER
Firemen' s Pension Board
Regular Meeting of July 10, 1979
Page Two
-- Monthly Bills and Pension Payments - Continued
THE MATTER TO THE CITY ATTORNEY FOR OPINION AS TO WHETHER THE BILL IS A PROPER
MEDICAL CLAIM AS PER INTENT OF THE LAW. CARRIED. MOVED BY CLYMER, SECOND
HENRY TO APPROVE THE MONTHLY BILLS AND PENSION PAYMENTS DELETING THE STROM
BILL FOR THE PRESENT TIME. CARRIED.
NEW BUSINESS
The coming budget was discussed and further information will be presented to
the Board at the next meeting.
As there was no further business to come before the Board, it was MOVED BY
CLYMER, SECOND RIGGLE TO ADJOURN. CARRIED. 4:47 P.M.
a.
Delores A. Meati,'-City &Ierk
Renton Firemen's Pension Board
i
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FIREMEN'S PENSION BOARD JULY 1979
MEDICAL BILLS FOR JUNE 1979:
AUSTINS PHARMACY ANDERSON $ 37.25 $ 37.25
BAKER, GORDON P. , M.D. MATTHEW $ 15.00 $ 15.00
COLEMAN, DANIEL H. , M.D. ALEXANDER $139.00 $139.00
GREEN & JACKSON DRUG CO. 111680 WILLIAMS $ 13.10 $ 13. 10
K'S PHARMACY 098752 ALEXANDER $ 2.90
098795 ALEXANDER 56.80
098893 ALEXANDER 20.10
099002 ALEXANDER 37.15
098976 PARKS 23.20 $140.15
MONTEFERING CLINIC STROM $140.00 $140.00
RENTON OPTICAL COMPANY WALLS $ 63.62 $ 63.62
*WATERBED WAREHOUSE R36473 STROM $787.34*
MEDICAL PREMIUMS FOR JUNE 1979:
GROUP HEALTH MEDICAL $ 184.92
..r
KING COUNTY MEDICAL $2,688.00
WASHINGTON DENTAL SERVICE $ 702.24 $3,575.16
TOTAL MEDICAL COSTS FOR JUNE 1979 $4,123.28
Reimbursement to Current Fund/Clerical and Accounting Services $ 819.55
Period of January 1, to June 30, 1979
*Figure not included in totals.
..r
FIREMEN'S PENSION BOARD Page 2 JULY 1979
-- PENSION PAYMENTS FOR JULY 1979:
ALEXANDER, John (Captain) $1,226.00
ANDERSON, Mrs. Enza (Widow) 463.53
ANDERSON, T.K. (Fireman) 926.00
ASHURST, James F. (Asst. Chief) 1,296.00
BANASKY, George (Captain) 245.20
BERGMAN, Ronald A. (Fireman) 24.06
CONNELL, Robert (Captain) 173.75
GOODWIN, Charles (Captain) 1,226.00
HAWORTH, Mrs. Contance C. (Widow) 811.34
HAWORTH, Jack (Fireman) 926.00
HENRY, Paul J. (Fireman) 22.65
HURST, Gerald (Fireman) 102.87
LAWRENCE, Floyd (Chief) 526.16
McDONALD, Mrs. Orpha (Widow) 463.53
PARKS, John (Fireman) 943.50
PRINGLE, Sylvia Joan (Widow) 758.33
SHERERTZ, Marvin L. (Battalion Chief) 44.88
STROM, Karl (Fireman) 926.00
TODD, Franklin L. (Fireman) 117.83
TONDA, Ernest J. (Captain) 90.82
WALSH, Patrick J. (Captain) 261.39
TOTAL PENSION PAYMENTS FOR JULY 1979 $11,575.84
TOTAL MEDICAL PAYMENTS FOR JUNE 1979 $ 4,123.28
TOTAL EXPENSES: Medical/Pension $15,699.12
REIMBURSEMENT FOR SERVICES $ 819.55
TOTAL PENSION PAYMENTS FOR JULY 1979 $10,219.05
TOTAL MEDICAL PAYMENTS FOR JUNE 1979 $ 3,535.92
TOTAL EXPENSES FOR 1978 $13,754.97
CITY OF REN70N — FIRPNW S PEtiSION FUND
CASH & INVESTMENT ACTIVITY REPORT
As of June 30, 1979
Current Month Previous MonthLast Yr. Current Last Yr. Previous
CASH & INVESTMINT ACTIVITY June May Month June Month May
CASH
Beginning Cash Balance . . . . . . . . . . . . . . $ 1,055.82 322.31 IS 149.68 $ 129.27
RW EIPTS:
Revenue . . . . . . . . . . . . . . . . . . . 4,588.08 31,611.29 5.552.65 27,338.82
Investments Sold . . . . . . . . . . . . . . . . 88,090.08 85,273.53 59,839.82 233,356.91
D1SBURSEXENTS:
Expenditures . . . . . . . . . . . . . . 16,693.25 15,551.31 20,054.54 15,775.28
Investments Purchased . . . . . . . . . . . . . . 75,300.00 100,600.00 45,100.00 244,900.00
ENDING CASH BALANCE . . . . . . . . . . . . . . . $ 1,740.73 1,055.82 $ 387.61 $ 149.08
I NVE:STWONTS
Savings Accounts, Repurchase
Agreements k Certificates of Deposit . . . . . . . $ 20,000.00 S 32,000.00 $ 61,900.00 $ 76,100.00
Municipals . . . . . . . . . . . . . . . . . . . . 43,849.01 44,639.09 78,472.57 79,012.39
Corporate Bends . . . . . . . . . . . . . . . . . 347,195.66 347,195.66 350,450.66 350,450.66
Mutual Funds . . . . . . . . . . . . . . . . . . . 241,988.34 241,988.34 280,588.34 280,588.34
TOTAL INVESTMENTS . . . . . . . . . . . . . . . . $ 653.033.01 $ 665,823-09771,411-57 $ 786,151.39
TOTAL CASH k VE
INSTMFNTS . . . . . . . . . . . . . $ 654,773.74 $ 666,878.91 $ 771,799.18 $ 786,301.07
I`V ESTMFNT ACTIVITY DURING TI-W CI MUNT WNTH:
1 Sold $87,300.00 in Repos.
2 Purchased $36,300.00 Repo from Old National @ 9.72%i to mature 615.
3 Purchased $17,700.00 Repo from Old National @ 9.73% to mature 6/22.
4 Purchased $1,300.00 Repo from Old National @ 9.68% to mature 6/29.
5 Purchased $20,000.00 Certificate of Deposit from Peoples @ 9.50 to mature 723.
6) Received $790.08 payment of LID 268 Installment Note.
I I 1
M E K 0 4 A N Q U M
'7 10: I'I I EME N'S PENSION BOARD DATE& JULY 9, 1979
MOM: E'i NANCE; DEPAItTMkNT
1+10: Ct►KN!TATION OF PENSIONS WHICH ARE NOT ABLATED TO AMO(W OF CURRENT
SALARY ATTACHLT TO RANK OF POSITION HEIDI COST OF LIVING INCREASES
GkANTED BY FIRE))'S PENSION HOARD, ZFFlgl(, M JULY IST OF EACH YEAR.
A question has arisen regarding the computation of the above referenced pensions&
1 ) WMIM THE COST OF LIVING INCREASES GRANTED JULY IST OF EACH YEAR
ARE TO HE COK MTZD ON THE BASE PENSION, THAI ADMM TO TBE CURRENT
PENSION (our interpretation of CMU14jive as the law states)&
1974 Amenduents& *This benefit innreue ahal„1 be maid —thly as
tiara of the Molar RggAW,pE�i,tand,a1u11
be cumulative."
A
2) Sli(A ILD THE COST OF LIVING INCREASE U COMPUTED ON THE CURi"T PENSION.
Mostcost of living increases are computed in this manner. However,
this would seem to be comoundim[, which may be the intent of the lay.
10)74 Amendments have eliminated the words "but skull not be cosuQuDded."
There in enough doubt as to the interpretation of the law that we have asked the
auditor, who is now performing the annual City audit, to investigate the problem.
The matter may be an audit findings and thereby an Attorney General's opinion
could be requested.
We have computed the cost of living increase as granted by the Board, effective
7/1/70 per method (1) above, until such time as we can be sure the law intends
the pension to be compounded.
The City Clerk has a copy of an Attorney Gener4l Opinion (AGO 1974 No. 5) and
haws of 1974, Chapter 190, which relate to this matter. You may have a copy
of same upon request.
i
'i
L�
CITY OF RENTON
FIREMEN' S PENSION BOARD
Regular Meeting Now
August 14, 1979
BOARD MEMBERS
Charles J. Delaurenti , Mayor-Chairman
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept. Rep.
Ray Barilleaux, Alternate Fire Dept. Rep.
The regular meeting of the Renton Firemen's Pension Board was called to order
by Mayor Delaurenti , Chairman, at 4:00 p.m. . All Board members were present,
Firefighter Henry arriving during discussion of monthly investment activity.
Also present was firefighter Ray Barilleaux.
MINUTE APPROVAL
MOVED BY CLYMER, SECOND RIGGLE, TO APPROVE THE MINUTES OF THE PREVIOUS MEETING
OF JULY 10, 1979 AS WRITTEN. CARRIED.
The secretary distributed copies of a new publication, Washington LEOFF Retirement
Information which highlights legislative amendments to the Act. (For information. )
MONTHLY STATEMENT OF CASH AND INVESTMENTS (See Attached Statement) ...r
The monthly cash flow and investment report was distributed reflecting investment
activity to July 31, 1979 as follows:
1) Purchased Monthly of July 1979 - $17,300.00
2) Purchased $5,800.00 Repo from Old National 9.76% to Mature 7/27/79
3) Purchased $5,800.00 Repo from Old National 9.80% to Mature 7/23/79
4) Purchased $5,700.00 Repo from Old National 9.66% to Mature 7/27/79
The secretary advised that mutual fund investments have reached the maximum
percentage allowed by law and Gary Dime, of Dean Witter and Company, the
Board' s investment councellor,will be working with Deputy Finance Director,
Ted Bennett, to liquidate investments as necessary to comply with legal limits .
(Maximum mutual investments are 35% of total funds investment and not more than
5% in any one fund) .
CORRESPONDENCE
Letter from City Attorney Larry Warren, responding to prior Board inquiry, opined
that the State Statutes did not include any category under which a water bed would
fall as a covered medical service. He questioned the writing of such a prescription
and noted incumbency option of the board to require Mr. Strom to present evidence
that the water bed is necessary and bears a reasonable relationship to his medical
condition and if dissatisfied with a Chiropractor, to have Mr. Strom see a medical
doctor specializing in such injuries as those from which he suffers.
Firemen's Pension Board
August 14, 1979
Page Two
Partial payment, if the claim were felt to be valid was mentioned.
Discussion ensued regarding possible setting of a precedent and opening of the
fund to other types of therapeutic and/or other comfort prescriptions which
might then include athletic equipment, trips, special ramps, and furniture, etc.
Adoption of minimum medical standards of the RCW was discussed and whether the
Board felt that the water bed was a valid claim. After additional remarks
concerning responsibility of the firefighters to take due and prudent health
care precautions in their activities to prevent aggravation of their disability
conditions, it was MOVED BY HENRY, SECOND RIGGLE THAT THE PENSION BOARD GO ON
RECORD UPHOLDING THE ATTORNEY'S OPINION THAT THE WATER BED DOES NOT CONSTITUTE
A VALID MEDICAL SERVICE, DENYING THE FIREFIGHTER REIMBURSEMENT OF CLAIM. CARRIED.
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
List of June Medical bills and July pension payments was distributed and reviewed
by the Board. It was noted that Montefering Clinic bill reflected "new service
and non-disability injury". The secretary was requested to call the Chiropractor
and withhold payment pending determination of coverage-prior indicating recurrence
of old injury. MOVED BY HENRY, SECOND RIGGLE, TO APPROVE THE MONTHLY BILLS AND
PENSION PAYMENTS WITH EXCEPTION OF THE MONTEFERING CLINIC BILLS UNTIL COVERAGE
IS VERIFIED. CARRIED.
NEW BUSINESS
Copies of the proposed 1980 preliminary budget w9vtpresented to the Board and
reviewed. Mayor Delaurenti , recalling his commitment to allocate property
taxes to the Firemen' s Pension Fund, advised of inclusion of $50,000 and in
efforts to reduce the declining balance of the fund, transfer of the medical
dental premiums unto the current fund in sum of $42,500, to add a total of
$92,500 additional funds otherwise not available in 1980. The total budget
for 1980 is sum of $178,155, vrhichreflects a 15;10 increase in costs over 1979.
At present eight retirees and four widows receive total pensions and 12 LEOFF
retirees receive some pension payments where city pension exceeds LEOFF pension.
Discussion ensued re Actuarial report and property tax levy proposal included
in the budget,the Mayor noting the council must confirm the allocation in the
final budget.
The deadline for filing the departmental budgets is August 17th. Firemen were
advised to contact Mayor or Finance Director prior to that date if they have any
questions or comments. MOVED BY CLYMER, SECOND MEAD TO ADOPT PRELIMINARY BUDGET
AS PRESENTED. CARRIED. Riggle opposed.
As there was no further business to come before the Board, it was MOVED BY CLYMER,
SECOND RIGGLE, TO ADJOURN. CARRIED. 4:55 P.M.
Delores A. Mead, City M erk
Renton Firemen' s Pension Board
fir+
FIREMEN'S PENSION BOARD AUGUST 1979
MEDICAL BILLS FOR JULY 1979: 'r
A & H PHARMACY BEATTEAY $ 11.85
12.90 $ 24.75
ALLERGY CLINIC BERGQUIST $ 25.00 $ 25.00
AUSTINS PHARMACY 635465 ANDERSON $ 7.20 $ 7.20
BAKER, GORDON P. ,M.D. MATTHEW $ 15.00 $ 15.00
CORNELL'S PHARMACY 6229 BARILLEAUX $ 6.50
6466 BERGQUIST 20.60
7996 BERGQUIST 12.80
7194 NICHOLS 6.50
6334 NICHOLS 6.50 $ 52.90
FIFE, W. DANIEL, M.D. 13184 HANSON $315.00 $315.00
GREEN & JACKSON DRUG CO. WILLIAMS $ 49.50 $ 49.50
K'S PHARMACY 098982 BERGMAN $ 8.60
098716 CONNELL 9.15
098289 CONNELL 9.15
098340 CONNELL 4.85 ,o,
098393 CONNELL 5.45
098473 098473 EAGER 2.85
098848 LAVALLEY 17.55
098263 LAVALLEY 17.55
098850 PARKS 4.80
098366 PHILLIPS 25.55
098394 RUPPRECHT 9.85
098751 WALLS 9.90 $125.25
K'S PHARMACY 098297 ALEXANDER $ 23.90
098310 ASHURST 15.87 $ 39.77
MARK-IT PHARMACY 979 MONAGHAN $ 6.99 $ 6.99
MONTEFERING CLINIC STROM $140.00 $140.00
RIDGE HEIGHTS MEDICAL CENTER RUPPRECHT $ 42.00 $ 42.00
VIRGINIA MASON HOSPITAL COLOMBI $414.52 $414.52
1-17
FIREMEN'S PENSION BOARD PAGE 2 AUGUST 1979
ANow MEDICAL PREMIUMS FOR JULY 1979:
GROUP HEALTH MEDICAL $ 184.92
KING COUNTY MEDICAL $2,688.00
WASHINGTON DENTAL SERVICE $ 702.24 $3,575.16
TOTAL MEDICAL COSTS FOR JULY 1979 $4,833.04
PENSION PAYMENTS FOR AUGUST 1979:
ALEXANDER, John (Captain) $1,226.00
ANDERSON, Mrs. Enza (Widow) 463.53
ANDERSON, T.K. (Fireman) 926.00
ASHURST, James F. (Asst. Chief) 1,296.00
BANASKY, George (Captain) 245.20
BERGMAN, Ronald A. (Fireman) 24.06
CONNELL, Robert (Captain) 173.75
GOODWIN, Charles (Captain) 1,226.00
HAWORTH, Mrs. Constance C. (Widow) 811.34
HAWORTH, Jack (Fireman) 926.00
HENRY, Paul J. (Fireman) 22.65
,! HURST, Gerald (Fireman) 102.87
LAWRENCE, Floyd (Chief) 526.16
McDONALD, Mrs. Orpha (Widow) 463.53
PARKS, John (Fireman) 943.50
PRINGLE, Sylvia Joan (Widow) 758.33
SHERERTZ, Marvin L. (Battalion Chief) 44.88
STROM, Karl (Fireman) 926.00
TODD, Franklin L. (Fireman) 117.83
TONDA, Ernest J. (Captain) 90.82
WALSH, Patrick J. (Captain) 261.39
TOTAL PENSION PAYMENTS FOR AUGUST 1979 $11,575.84
TOTAL MEDICAL PAYMENTS FOR JULY 1979 $ 4,833.04
TOTAL EXPENSES: Medical/Pension $16,408.88
TOTAL PENSION PAYMENTS FOR AUGUST 1978 $10,219.05
TOTAL MEDICAL PAYMENTS FOR JULY 1979 $ 3,427.90
TOTAL EXPENSES FOR 1978 $13,646.95
CITY OF RENTON — FIRLXM'S PE`SION FIIND
CASH do INVESTMENT ACTIVITY REPORT �Q
As of July 31, 1978
Current Month Previous MonthLast Yr. Current Last Yr. Previous
CASH & INVESTMENT ACTIVITY July June Month July Month June
CASH
Beginning Cash Balance . . . . . . . . . . . . . . 1,740.73 S 1,055.82 S 387.61 S
RWEIPTS:
Revenue . . . 88
• . . . . . . . . 4,412.99 4.5 .08 3,325.58 5,552.65
Investments Sold . . . . . . . . . . . . . . . . 59,221.72 88,090.08 93,511. 14 50,834.82
D I SBURSUMENTS:
Fxpenditures . . . . . . . . . . . . . . 16,523.07 16,693.25 14,443.95 20,054.54
Investments Purchased . . . . . . . 39,000.00 75,300.00 82,500.00 45,100.00
MDING CAM BALANCE . . . . . . . . . . . . . . . S 9,852.37 S 1,740.73 S 280.38 S 387.61
1 NY Eb"METiTS
~swings Accounts, Repurchase
Agreements & Certificates of Deposit . . . . . . . S —0— $ 20,000.00 $ 51,500.00 $ 61,900.00
Municipal. . . . . . . . . . . . . . . . . . . . . 43,627.29 43,849.01 77,761.43 78,472.57
Vorporftle Bonds . . . . . . . . . . . . . . . . . 347095.66 347,195.66 350,450.66 350,450.66
Mutual Fund. . . . . . . . . . . . . . . . . . . . 241,988.34 241,988.34 280,588.34 280,588.34
TOTAL I%N t:.STMIWTS . . . . . . . . . . . . . . . . S 632,811.29 $ 653,033-01 S 760,300-43 S 1-71,411-57
TOTAL CAM A� INVESTMWTS . . . . . . . . . . . . . S 642,663.66 S 654,773.74 $ 76o,580.81 $ 771,799. 18
I S"V ESTMEN T ACTIVITY DI At TNG THE CI WS&]VT MONTH:
(1) Purchased Month of July 1979 - $17.300.00:
(2) Purchased $5,800.00 Repo from Old National 9.76% to Mature 7.27.79
(3) Purcahsed $5,800.00 Repo from Old National 9.80% to Mature 7.23.79
(4) Purcahsed $5,700.00 Repo from Old National 9.66% to Mature 7.27.79
! i 1
I � f
CITY OF RENTON - 1980 PRELIMINARY BUDGET P R O G R A M S U M M A R Y
Page 1 of 1
FUNDs 601 FIREMEN'S DEPT: 04 FINANCE DIVISION: 514.33 ACCT. NO:
PENSION FUND FIREMEN'S PENSION SERVICES — 6ol/000/04.514.33
BASIC OBJECTIVE: TO PROVIDE A TRUST FUND FOR PAYMENT OF PENSIONS AND DISABILITY PAYMENTS
TO FIRE FIGHTERS OR THEIR BENEFICIARIES.
1 9 8 0 P R O G R A M S U M M A R Y
The Firemen' s Pension Fund was established by State Law and is administered by a board composed of the Mayor, City
Clerk, one Council member, and two Fire uniform personnel elected by the Fire Department. The Fund is supported by
bequests, donations, State shared tax on fire insurance premiums, investment interest and property taxes as required.
In an effort to reduce the declining balance of the fund, the following is proposed for 1980:
1) Allocate property taxes to Firemen's Pension Fund in 1980 in amount of --y50,000.00
2) Transfer medical and dental premiums for active fire uniform personnel from Firemen's
Pension Fund to Current Fund/Fire Department Budget; estimated savings to the fund in 1980---424500.00
(Medical premiums for LEOFF retirees only, are budgeted in this fund in 1980. ) TOTAL - $92
,500.00
The estimated net effect on the fund is shown below by comparison of ending fund balances for the years 1977 - 1980:
1977 Ending Fund Balance -- $806,913.30
$106,996.17 decrease in Fund Balance
1978 Ending Fund Balance $699,917.13
$121,387.05 decrease in Fund Balance
1979 Estimated Ending Fund Balance $578,530.08
$48,155.08 decrease in Fund Balance
1980 EVtimated Ending Fund Balance $530,375.00
On March 1, 1970, all municipal fire Fighters and police officers became members of the unified statewide Washington
State Law Enforcement Officers' and Fire Fighters' system (LEOFF). Those persons receiving pension benefits under
the Firemen' s Pension and Relief system continue to do so. Employees who have made contributions to the Firemen' s
Pension system under any prior act will continue to be eligible for the benefits of the system and upon retirement
will receive the highest benefits available to them under the two systems. At present we have 8 retirees and 4
widows (prior to LEOFF), who receive their total pensions from this fund; and 12 LEOFF retirees, most receiving some
payment from the fund (if the City pension exceeds the LEOFF pension, the City pays the difference). Pension costs
are expected to increase about 15% over 1979. Comparison of expenditures for the years 1977 - 1980 follows:
1977 Actual Expenditures $145,386.51
$29,214.20 increase
1978 Actual Expenditures $174,600.71
$18,726.34 increase
1979 Estimated Expenditures ------ $193,327.05
$15,172.05 decrease (estimated)
1980 Estimated Expenditures $178,155.00 0 `
J v 1
CITY OF RENTON
1980 PRELIMINARY BUDGET W
E S T I M A T E D R E V E N U E
FUND NO. FUND NAME: DEPARTMENTS
601 FIREMEN'S PENSION FUND 04 - FINANCE
1 -8 1979 11980
w 0 DESCRIPTION/REVENUE SOURCE ACTUAL ESTMATED RECEIVED ESTIMATED
REVENUE REVENUE AS OF 7/31 REVENUE
01 000 00 00 FIREMEN'S PENSION FUND Eat./Budet
105,0051
301 00100 BEGINNING FUND BALANCE 806,913.30 699,917.13 578,530.00
310 00 TAXES
311 00 GENERAL PROPERTY TAXES
10 Real & Personal Property --- --- --- --- 50,000.00
TOTAL TAXES 0 000.00
330 00 INTERGOVIItIv�1ENTAL REVENUE
335 00 STATE SHARED REVENUES
30 Fire Insurance Premium Tax 24,488.21 30,940.00 27,456.01 29,000.00
0 00100 TOTAL INTERGOVERN NTAL REVENUE 24 488 1 30,,-940-00 27,456, ol
360 00 MISCELLANEOUS REVENUE
361 00 INTEREST EARNINGS
10 Investment Interest -------- 45,142. 12 50,000.00 28,615.41 50,000.00
369 00 OTHER MISCELLANEOUS REVKNIJE:
90 18 Other Miscellaneous Revenue --- 1,693-89 1,000.00 501.29 1,000.00
60 00 00 TOTAL MISCELLANEOUS REVENUE 46,836.oi 51.000.00 29,1 0 1 000.00
REVENUE SUB-TOTAL - --- 71,324.22 81,940.00 56,572.71 130,000.00
NON-REVE.'NIIE RECEIPTS ---- - 157.86 --- --- ---
Investmt. Int. & Fire Ins. Tax under Estimate 10 000.00
)01 000 00 00 TOTAL REVtW'NZES, NON-RFA-E,%iES 878,395.38 771,857.13 56,572.71 708,530.00
AND BEGINNING FUND BALANCE
Est. Bud et
(186,945
i � �
CITY OF RENTON
1980 PRELI"INARY BUDGET
ESTIMATED EXPENDITURES
FUND 601 FIUMEN'S PENSION FUND/FINANCE 1978 1979 1979 1950 1980 1950
ACTUAL ADJ BUDGET Exp TO D4 TE DEPT M&VOR#8 COUNCIL
4A4Q6R*M DEPT BASUB ELEM OBJ SL5.06J DESCRIPTIDN EXPENDITURES AS OF 7/31 AS OF 7/31 REQUEST RECOMM, rROVItlC
J;Jt*E�T*TttA SUMMAaY
501 00 0 00 ENDING FUND BALANCE 699,917.13 578,5310.08 530,375
000 04 000 00 0 00 FINANCE DEPARTMENT
NOTE: MEDICAL & 514 0 UO FINANCIAL, 6 ADMINISTRATIVE
DENTAL PREMIUMS FOR ACTIVE FIRE
Ui+M0RM- PEISBNNEL BUDGETED IN
- -FIRE DEPT. IN 1980; FORMERLY33 0 00 FINANCE/FIREMENfS PENSION SERVICES
PAID FROM THIS FUND; SAVINGS IN
1980 OF EST. $42,500.
10 00 PERSONAL SERVICES
PREPAID MEDICAL:
IN 1980 MEDICAL PREMIUMS INCLUDED
ONLY FOR 12 LEOFF RETIREES WITH 13 00 PERSONNEL BENEFIT S
1 INCREASE.
13 03 PREPAID ME.1ICAL 311980.00 380376.00 19,798.64 6,700
UNIFORM MEDICAL:
Payment of medical bills not covered
by insurance, with approval of 13 04 UNIFORM MEDICAL 100355.50 70500400 5,874.51 8,500
LEOFF A Firemen's Pension Boards.
Request increase of $1,000 over 1979 eat.
PREPAID DENTAL: No request for 13 09 PREPAID DENTAL 70425.18 $0743400 4,878.06 —0-
1980; dental premiums for active
fire uniform personnel budgeted 13 11 PENSIONS
in Fire Dept. Budget/Current Fund. 122020'071 130050000 82,216.35 161,000
PENSIONS: Will expend est. $140,095.55 in 1979; 1980 request includes a 15% increase based on 1977, 1978 k 1979 experience.
• si PERSONAL SERVICES 1710964.39 1850119.00 112,767.56 176,200
20 00 SUPPLIES
OFFICE SUPPLIES:
Supplies needed for Firemen's
Pension Board. Request 825 21 00 OFFICE SUPPLIES 251.55 250.00 163.71 275
increase over 1979. (85.95 Enc. to be spent)
r sr SUPPLIES 251.55 250,00 163.71 275
f
CITY OF RENTON
1980 PRELIMINARY BUDGET w
ESTIAATEO EXPENDITURES `
FUND 601 FIREI4EN'S PENSION FUND - Cont. 1978 1979 1979 1980 1950 1980 YJ
ACTUA6 ADJ BUDGET EXP TO DATE DEPT MAVORs8 COUNCI
PROGRAM DEPT BASU9 ELcy OBJ SU3-U'4J DESCRTPf1ON EXPENDITURES AS OF 7/31 AS OF 7/31 REQUEST RECOMM, PROVISI
LINE ITEM SUMMARY
000 04 514 33 30 00 OTHER SERVICES & CHARGES
31 00 PROFLSSIONA6 SERVICES
31 65 ACTUARIAL/FIRT�MENS PENS FUND 850.00 — — --
REPAIRS & MAINP:-
Seryice-centract on
-1 typewriter. 38 00 REPAIRS 5 MAINTENANCE 65.08 76•00 75186 80
- 42 U0 MISCELLANEOUS — — -- —
r +'s OTHER SERVICES a CHARGES 915.08 76.00 75t316 80
50 00 GOVERNMENTAL SERVICES
52 00 INTERFUND SERVICES
Discontinued in 1977 — 52 08 REIMB CURRENT/DISA8 REP�M — — — ---
REIMB. TO CURRENT FUND: Services provided by
Finance Dept., includes clerical, 52 09 REIHB CJRRENT Cccounting and investment services; / SER 6 ACCT 11469.69 1►500 00 n. Rei 11,600a
Request $100 increase over 1979. (6 son.
4 s♦ GOVER4M:NTA6 SERVICES IJ469.69 1/500.00 819.55 1,600
60 00 CAPITA. �JT6AY
No request in 1980 ------ ---- 6r CO "'ACT-ERY i ;.iU1P14ENT — --- (852.93 Enc. to be —
�� spent/Typewriter)
1R.
10
+4 CAPITt;- OJT_Av -- -- —
EXPTN'DITURES SUB-TOTAL - FI>:AVC_/FIRE'tEti'S PE'VSID'+ 17.,603• 71 186.945.00 113,826.18 178,155
NON-EXPF.%'DTTI'RE DISBUTRSEMENTS 3,877.5+ — -- —
+* APPROPRIATION NEEDED BEFORE 13/31/79; E(PENSFS WILL EXCEED Bi,'IN;ET APPROPRIATIONS— 6,382.05 — --- —
(Pensions, Uniform Medical A. Typewriter
TOTAL FIRE?w'S PENSION FINN 878,395.38 771,857.13 113,826.18 708,530
CITY OF RENTON
FIREMEN'S PENSION BOARD
Regular Meeting
September 10, 1979
BOARD MEMBERS
Charles J. Delaurenti , Mayor-Chairman
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept. Rep.
Ray Barilleaux, Alternate Fire Dept. Rep.
The regular meeting of the Renton Firemen's Pension Board was called to order
by Mayor Delaurenti , Chairman, at 4:00 p.m. Present: Charles J . Delaurenti , Mayor;
Earl Clymer, David Riggle, and Maxine Motor, Deputy City Clerk, Absent: Delores
Mead, William Henry, and Ray Barilleaux,
MINUTE APPROVAL
MOVED BY RIGGLE, SECOND CLYMER, APPROVE MINUTES OF THE PREVIOUS MEETING
OF SEPTEMBER 10, 1979 AS WRITTEN. CARRIED.
MONTHLY STATEMENT OF CASH AND INVESTMENTS (See Attached Statement)
The monthly cash flow and investment report was distributed reflecting investment
activity to August 31, 1979 as follows:
1 ) Sold $38,400.00 re Repo's
2) Purchased $9,800.00 repo from Old National @ 9.86% to mature 8/10
3) Purchased $14,300.00 repo from Old National @ 10.10% to mature 8/17
4) Purchased $14,300.00 repo from Old National @ 10.10% to mature 8/24
CORRESPONDENCE
Letter from Ted Bennett, Deputy Finance Director, requested Board approval
to sell 20,000 shares of Ohio Power and $30,000 of Mutual Funds to provide
necessary cash to meet obligations for the balance of the year as well as
comply with 35% maximum in Mutual Funds as required by State Law. MOVED BY
CLYMER, SECOND RIGGLE, THAT WILLIAM E. BENNETT, DEPUTY FINANCE DIRECTOR, IS
HEREBY AUTHORIZED TO LIQUIDATE THE MUTUAL FUND INVESTMENTS OF THE FIREMEN'S
PENSION FUND AND SEND OUT LIQUIDATION NOTICES AS NECESSARY, SO AS NOT TO
EXCEED MAXIMUM 35% OF TOTAL INVESTMENTS AS PROVIDED BY LAW. CARRIED.
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
List of August Medical Premiums & Bills for August 1979 and Pension Payments
for September 1979 was distributed and reviewed by the Board. Medical bill from
Henningsen & Associates , Inc. for Ron Bergman in amount of $567 .75, microceptor,
was requested to be held pending further investigation. City Attorney opinion was
asked, also that the secretary contact doctor for further information to determine
if a necessary prescription or a comfort item.
MOVED BY CLYERM, SECOND RIGGLE, APPROVE ALL MONTHLY BILLS FOR PAYMENT EXCEPT
HENNINGSEN & ASSOC. $567.75 AWAITING CLARIFICATION FROM ATTORNEY AND DOCTOR,
fir.. ALSO CHECK TO MAKE SURE KING COUNTY MEDICAL IS PAYING THEIR CORRECT AMOUNT.
CARRIED.
3
Firemen 's Pension Board
SEptember 10, 197j
Page Two
Councilman Clymer requested list of Firemen showing whether active or
retired and if retired disability systeiii under which retired and the
disability in order to determine correct medical benefits. Clymer asked
for explanation of tiie three different systems (includes Police) . Mayor
Delaurenti asked teat Del Mead furnish break down on how system works for
three different groups - Police, Active Firemen, and Retired Firemen.
(Members under Firemen 's Pension System and how system operates now for
medical payments and pension payments. )
As there was no further business to come before the Board, it was MOVED
BY CLYMER, SECOND RIGGLE, TO ADJOURN. CARRIED. 4:45 P.M.
k
Not
f
Maxine E. Motor, Deputy City Clerk
Renton Firemen 's Pension Board
.r
MEDICAL BILLS FOR AUGUST 1979:
A & H DRUGS 523068 BEATTEAY $ 31.35
522992 BEATTEAY 8.35
521547 COLOMBI 3.95
521587 SCHNEIDER 35.55 $ 74.20
AUSTINS PHARMACY 827304 ANDERSON $ 18.80 $ 18.80
COLEMAN, DANIEL H. , M.D. ALEXANDER $188.50 $188.50
COLON & RECTAL CLINIC ALEXANDER $ 31.00 $ 31 .00
CORNELL'S VALLEY PHARMACY RIGGLE $ 15.87 $ 15.87
GREEN & JACKSON DRUG CO. WILLIAMS $ 31 .65 $ 31.65
1
4NNINGSEN 9, ASAC144 INC
K' S PHARMACY 0981)17 ALEXANDER $ 63.50
098192 PARKS 6.60 S 70. 10
LAUERMAN, GERALD, 0 D PRINGLE $129.29 $129.29
PAY-N-SAVE 5010430 CHRISTENSON $ 3.69
15789 MATTHEW 8.90 $ 12.59
K'S PHARMACY 098421 CONNELL $ 9. 15
59829 CONNELL 20.95
097985 I.aVALLEY 26.55
098172 McINNIS 4.95
097906 RUPPRECHT 17.45
097950 WALLS 2.90 $ 81.95
PUGET SOUND BLOOD CENTER ALEXANDER $180.00 $180.00
SWEDISH HOSPITAL MEDICAL CENTER ALEXANDER $468.00 $468.00
VALLEY GENERAL HOSPITAL LaVALLEY $ 48.OJ $ 48.00
MEDICAL PREMIUMS FOR AUGUST 1979:
GROUP HEALTH MEDICAL $ 184.92
KING COUNTY MEDICAL 2,688.00
WASHINGTON DENTAL SEkVICE 702.24 $3,575. 16
... TOTAL MEDICAL COSTS FOR AUGUST 1979 $4,930.11
7 �
FIREMEN'S PENSION BOARD PAGE 2 SEPTEMBER 1979
PENSION PAYMENTS FOR SEPTEMBER 1979:
ALEXANDER, John (Captain) $1,226.00
ANDERSON, Mrs. Enza (Widow) 463.53
ANDERSON, T.K. (Fireman) 926.00
ASHURST, James F. (Asst. Chief) 1,296.00
BANASKY, George (Captain) 245.20
BERGMAN, Ronald A. (Fireman) 24.06
CONNELL, Robert (Captain) 173.75
GOODWIN, Charles (Captain) 1,226.00
HAWORTH, Mrs. Constance C. (Widow) 811.34
HAWORTH, Jack (Fireman) 926.00
HENRY, Paul J. (Fireman) 22.65
HURST, Gerald (Fireman) 102.87
LAWRENCE, Floyd (Chief) 526. 16
McDONALD, Mrs. Orpha (Widow) 463.53
PARKS, John (Fireman) 943.50
PRINGLE, Sylvia Joan (Widow) 758.33
SHERERTZ, Marvin L. (Battalion Chief) 44.83
STROM, Karl (Fireman) 926.00
TODD, Franklin L. (Fireman) 117.83
TONDA, Ernes J. (Captain) 90.82
WALSH, Patrick J. (Captain) 261.39
TOTAL PENSION PAYMENTS FOR SEPTEMBER 1979 $11,575.84
WSW
TOTAL MEDICAL PAYMENTS FOR AUGUST 1979 $ 4,930.11
TOTAL EXPENSES: Medical/Pension $16,505.95
TOTAL PENSION PAYMENTS FOR SEPTEMBER 1978 $10,997.55
TOTAL MEDICAL PAYMENTS FOR AUGUST 1978 $ 4,140.83
TOTAL EXPENSES FOR 1978 $15,138.38
now
CITY OF RENTON - FIREMEN'S PEtiSION FIN-1)
CASH k INVESTMENT ACTIVITY REPORT
As of August 31, 1979
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH Ac INMTMENT ACTIVITY A,icy„gt July Month August Month July
CAM
Beginning Cash Balance . . . . . . . . . . . . . . $ 9,852. 37 $ 1,740.73 $ 280.38 S 387.61
RWEIPTS:
Revenue . . . . . . . . . . 6,187.14 4,412.99 5,784,.80 3,325. 58
Investments Sold . . . . . . . . . . . . . . . . 38,400.00 59,221.72 86,300. 00 93,511 . 14
D I SBIIRSEMENTS: w.
F penditures . . . . . . . . . . . . . . . . . . 16,093.88 16,523.07 14,443.83 14,443. 95
Investments Purchased . . . . . . . . . . . . . . 38,400.00 39,000.00 77,900.00 82,500.00
!MING CASH BALANCE . . . . . . . . . . . . . . . $ (54.37) $ 9,852.37 $ 21. 35 $ 280. 38
1NVESTMNTS a
Savings Accounts, Repurchase
Agreements k Certificates of Deposit . . . . . . . $ $ 8 $ 43,200.00 $ 51, 500. 00
Municipals . . . . . . . . . . . . . . . . . . . . 43,627.29 43,627. 29 77,761.43 77, 761 .43
I
Corporate Bonds . . . . . . . . . . . . . . . . . 347 ,195.66 347,195.66 350,450.66 350,450.66
Mutual Funds . . . . . . . . . . . . . . . . . . . 241,988.34 241,988.34 280,588.34 280,588. 34 � .
TOTAL INV?STMFNTS . . . . . . . . . . . . . . . . $ 632,811.29 $ 632,811.29 $ 752,000.43 $ 760, 300.43
TOTAL CASH k INVESTMEM . . . . . . . . . . . . . $ 632,756.92 $ 642,663.66 $ 752,021.78 $ 760,580.81
1 W S'DWNT ACTIVITY DUR rW, THF: CIWWgT MONTH:
1. Sold $38,400.00 in repo's
2. Purchased $ 9,800.00 repo from Old National @ 9.86% to mature 8/10
3. Purchased $14,300.00 repo from Old National @ 10.10% to mature 8/17
4. Purchased $14, 300.00 repo from Old National @ 10.10% to mature 8/24
CITY OF RENTON
F1REIMEN'S PENSION BOARD
Regular Meeting °
October 16, 1979
mow
BOARD MEMBERS
Charles J. Delaurenti , Mayor-Chairman
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept. Rep.
Ray Barilleaux, Alternate Fire Dept. Rep.
The regular meeting of the Renton Firemen's Pension Board was called to order
by Mayor Delaurenti , Chairman, at 4:00 p.m. in the sixth floor conference room.
The meeting, regularly scheduled for October 9th, was advanced due to absence
by the Mayor from the city. All board members were in attendance and also
present Gwen Marshall , Finance Director, and Wally Hume, Police Dept. , Chairman,
Local Disability Board.
MINUTE APPROVAL
MOVED BY HENRY, SECOND RIGGLE, TO APPROVE THE MINUTES OF THE REGULAR MEETING OF
SEPTEMBER 11 , 1979 WITH CORRECTION OF DATE FROM 9/10 TO 9/11 AND PRIOR MEETING
DATE TO AUGUST 14, 1979. MOTION CARRIED.
CORRESPONDENCE
The pension board last month requested opinion of the City Attorney whether or
not billing approved by the LEOFF Board for a Microceptor II for retired firemen "aw
Ron Bergman, worn at the waist for temporary relief from back pain, according to
his opinion, constitutesa valid medical claim under intent of RCW 41 .26.020 (22)
(Minimum medical service to be provided) .
The LEOFF Board had been advised of the referral and invited to comment at this
meeting.
City Attorney, Larry Warren' s opinion letter was read advising of the firm
conviction that this type of device (Microceptor II ) is not covered by RCW
41 .26.030 the decision, however, ultimately that of the board.
It was noted in discussion that the LEOFF Board had previously approved
rental and purchase of such a microceptor for a police officer,which the city
had paid from the general fund police administrative budget. Denial of a claim
for comfort relief of pain distress waterbed item was noted, upon legal opinion,
that such was not covered under intent of the ACT. Mr. Hume cited difference
as to whether items could be used by persons without medical problems. The
Mayor felt any such claim by the firemen was going beyond the intent of
medical service to be claimed under the pension laws. Chairman Hume stating
opinion they have a right to submit them and he showed to the board Attorney
General Assistant, Wayne Williams, AGLO #49, and his personal opinion article
written for the fire publication indicating medical services available under
the LEOFF ACT are not limited to statutorily specified services; each disability
board to determine whether to order payments under RCW 41 .26. 150 for any additional
medical services. After some further discussion regarding doctor' s notice of
apparent success for Mr. Bergman and use of the Microceptor by persons disabled
with back problems with no pain relief results question was raised as to liability
Firemen' s Pension Board
October 16, 1979
Page Two
if payment is denied by the pension board RCW 41 .26. 150 cited as employers
liability if ordered by the LEOFF Disability Board. It was pointed out that
Mercer Island, Seattle, Tacoma, and other cities adhere strictly to the minimum
medical services provided in the law. Seattle not accepting chiropractor bills
as they are not allowed to prescribe RX. Chairman Hume stated they were acting
illegally in his opinion. Legal appeals indicate LEOFF members have prevailed,
he also noted the right of the LEOFF Board to call for re-examination for possible
reinstatement, caution observed since any temporary return and subsequent
retirement could be costly.
Billing for the Microceptor, it was noted, was rejected for payment by King
County, the secretary advising further information was forthcoming in this
regard ,there being an indication that some payment had been previously made
on these items.
Subsequent board action on microceptor bill follows authorization of payment
on monthly bills and pensions.
MONTHLY STATEMENT OF CASH AND INVESTMENTS (See Attached Statement)
The monthly cash flow and investment report was distributed reflecting
investment activity to September 30, 1979 as follows :
1) Purchase $4,400.00 in Repo from Bache @ 11 .30% to mature 10/5
2) Sold $20, 134.00 of' Ohio Power Bonds
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
List of September medical bills and pensions for October was reviewed by the
Board. The secretary noted reduction in pension payment, firemen Bergman's
daughter returning to school and LEOFF picking up the cost with no difference
to be adjusted by the pension fund. MOVED BY RIGGLE, SECOND HENRY TO APPROVE
THE BILLS AND PENSION PAYMENTS AS LISTED. CARRIED. MOVED BY HENRY, SECOND
CLYMER TO REJECT PAYMENT OF THE MICROCEPTOR BILL SUBMITTED BY RON BERGMAN
THE CITY TO PICK UP PAYMENT HAVING PREVIOUSLY SET PRECEDENT BY MAKING SUCH
PURCHASE HERETOFORE. CARRIED.
The Mayor requested the secretary to write to the LEOFF Board recommending
purchase of items such as the Microceptor be limited to only the initial
purchase and no additonal replacement costs be grantedfor any reason (lost ,
broken, worn out, etc. )
OLD BUSINESS
Firemen Henry inquired regarding recent state audit report, Finance Director
Marshall advising receipt sometime after the first of the year.
As there was no further business to come before the board, it was MOVED BY
CLYMER, SECOND RIGGLE, TO ADJOURN. CARRIED. 4:46 P.M.
Delores A. Mead, City Jerk
Renton Firemen' s Pension Board
I
FIREMEN' S PENSION BOARD OCTOBER 1979
MEDICAL BILLS FOR SEPTEMBER 1979:
A & H DRUGS 523860 BEATTEAY $ 23.00
523296 BEATTEAY 6.95 $ 29.95
AUSTINS PHARMACY 828153 ANDERSON $ 11 .00 $ 11 .00
BAKER, GORDON P. , M.D. MATTHEW $ 15.00 $ 15.00
FAIRWOOD PHARMACY DAWKINS $ 3.70 $ 3. 70
GREEN & JACKSON DRUG CO. 39977 WILLIAMS $106.85 $106.85
HARTWIG, J.H. , M.D. RIGGLE $ 7.00 $ 7.00
HARTWIG, J .H. , M.D. 40657 RIGGLE $ 17.00 $ 17.00
JAFFE, S.L. , O.D. SHERERTZ $ 22.00 $ 22.00
JAFFE, S.L. , O.D. HANSON $114.75 $114. 75
JAFFE, S .L. , O.D. HENRY $ 22.00 $ 22.00
K' S PHARMACY 66522 CODIGA $ 5.60
66576 CONNELL 16.95
66716 CONNELL 9. 15
66525 HANSON 7. 30
66657 HANSON 7.60 ...
66663 HENRY 20.25
66736 HURST 21 .90
59853 LAVALLEY 34.20
59849 MCINNIS 4.95
66587 RUPPRECHT 22.75
66770 WALLS 2.90 $153.55
K' S PHARMACY 66512 ALEXANDER $ 40.25 $ 40.25
MONTEFERING CLINIC STROM $200.00 $200.00
PAY ' N SAVE 5010653 ANKENY $ 3.52
5010660 ANKENY 7.03 $ 10.55
SKAGGS DRUG CENTER PARKS $ 11 .59 $ 11 .59
MEDICAL PAYMENTS FOR SEPTEMBER 1979:
GROUP HEALTH MEDICAL $ 184.92
KING COUNTY MEDICAL $2,688.00
WASHINGTON DENTAL SERVICE $ 702.24 $3,575. 16
FIREMEN' S PENSION BOARD PAGE 2 OCTOBER 1979
MEDICAL PAYMENTS FOR OCTOBER 1979:
GROUP HEALTH MEDICAL $ 184.92
KING COUNTY MEDICAL $2,688.00
WASHINGTON DENTAL SERVICE $ 702.24 $ 3,575. 16
TOTAL MEDICAL COSTS FOR SEPTEMBER 1979 $ 7,915.51
PENSION PAYMENTS FOR OCTOBER 1979=
ALEXANDER, John (Captain) $1 ,226.00
ANDERSON, Mrs. Enza (Widow) 463.53
ANDERSON, T.L. (Fireman) 926.00
ASHURST, James F. (Asst. Chief) 1 ,296.00
BANASKY, George (Captain) 245.20
CONNELL, Robert (Captain) 173.75
GOODWIN, Charles (Captain) 1 ,226.00
HAWORTH, Mrs . Constance C. (Widow) 811 .34
HAWORTH, Jack (Fireman) 926.00
HENRY, Paul J. (Fireman) 22.65
HURST, Gerald (Fireman) 102.87
LAWRENCE, Floyd (Chief) 526. 16
Mc DONALD, Mrs. Orpha (Widow) 463.53
PARKS, John (Fireman) 943.50
PRINGLE, Sylvia Joan (Widow) 758.33
SHERERTZ, Marvin L. (Battl . Chief) 44.88
STROM, Karl (Fireman) 926.00
TODD, Franklin L. (Fireman) 117.83
TONDA, Ernest J. (Captain) 90.82
WALSH, Patrick J. (Captain) 261 . 39
TOTAL PENSION PAYMENTS FOR OCTOBER 1979 $11 ,551 . 78
TOTAL MEDICAL PAYMENTS FOR SEPTEMBER 1979 $ 7,915.51
TOTAL EXPENSES: Medical/Pension $19,467.29
TOTAL PENSION PAYMENTS FOR OCTOBER 1978 $10,305.55
TOTAL MEDICAL PAYMENTS FOR SEPTEMBER 1978 $ 4,405.78
TOTAL EXPENSES FOR 1978 $14,711 .33
I`
CITY OF RINTON — FIRE?tEN'S WNSION FIND
CASH & Ih'VFSTME T ACT 1 V I Tl" REPORT
As of SEPTEMBER 30 , 1979
Current Month Previous Month Last Yr. Current Last Yr. Preciou,
CASH & INXESTMII T ACTIVITY SEPTEMBER AUGUST MonthSFPTEMBER MonthAUCUST
t'A�II
ileglnning Cash Balance . . . . . . . . . . . $ ( 54 . 37) 9 , 852 . 37 $ 21 . 35 5 80 . 3
REV E:l PTS
Revenue 873. 27 6, 187 . 14 2 ,459 . 62 S , �84 . 80-
Investments Sold . . . . . . . . . . . . . . . 20 , 134 . 00 38, 400 . 00 116, 700. 00 86 , 300 . Ou
ft f SHI`RSir'rIE�'rS
F:xpPriditures . . . . . . . . . . . . . . . . . . 16 ,376 . 66 16 ,093. 88 1S , 269 . 87 14 , 44 5 . 83
Investments Purchased . . . . . . . . . . . . . . 4, 400 . 00 38 , 40 103 , ?00 . 00 , 900 . 00
FNI)1 rt; CASH BALWE; . . . . . . . . . . . . . . . $ 176. 24 $ (54. 37) $ 211 . 10 $ 21 . is
inxs Accounts, Repurchase
%greements r Certificates or Deposit o $ 41400 . 00 $ -80809 $ 30 , 200 . 00 $ 43, 200 . 00
Municipals . . . . . . . . . . . . . . . . . . . . 43 ,627 . 29 43 ,627. 29 77 , 761 . 43 77 , "61 . 43
Corporate, 11onds . . . . . . . . . . . . . . . . . 327 , 061 . 66 347 , 195. 66 350, 450 . 66 350 ,450. 6
Hutua Nunds . . . . . . . . . . . . . . . . . . . 241 ,988 . 34 241 ,988. 34 280 , 588. 34 280 , 588. 34
1'01'At. I`V EST!*NTS . . . . . . .
• $6171077 . 29 $ 632 , 811 . 29 $ 739 ,000. 43 $ 752 , 000 . 43
rom. MASH � 1 FST%0NTS . . . . . . . . . . . . . $617 . 253. 53 $ 632 , 7S6 . 92 $ 739 , 211 . S3 $ 752 , 021 . 73
1\V F'w 1'MKN'r ACTIVITY DURING THE: Cl"iiWNT WNTH:
1 . P;, ,-chase $ 1 , 400 . 00 Repo from Bache a 11 . 30% to mature 10/5
Sr id 5 20 , 154 . 00 of Ohio Power Bonds
CITY OF RENTON
FIREMEN' S PENSION BOARD
Regular Meeting
ym. November 13, 1979
BOARD MEMBERS
Charles J. Delaurenti , Mayor-Chairman
Delores A. Mead, City Clerk-Secretary
Earl Clymer , Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept. Rep.
Ray Barilleaux, Alternate Fire Dept . Rep.
The regular meeting of the Renton Firemen' s Pension Board was called to order
by Mayor Delaurenti , Chairman,at 4:00 p.m. in the sixth floor conference room.
Board members Clymer and Henry were unable to be present and were excused.
MINUTE APPROVAL
MOVED BY RIGGLE, SECOND MEAD, TO APPROVE THE MINUTES OF THE REGULAR MEETING
OF OCTOBER 16, 1979 AS WRITTEN. CARRIED.
CORRESPONDENCE
Letter from Gwen Marshall , Finance Director, requested approval to appropriate
funds to cover pension payments (retirement of fireman Banasky and annual cost
of living increase) and purchase of typewriter as follows:
APPROPRIATE FROM: Firemen' s Pension Fund
Excess Revenue $10,353.00
APPROPRIATE UNTO: Firemen' s Penson Fund
a/c 601/000/04.514.33. 13. 11 $ 9,500.00
(Pensions; retired Fire Fighters
and Widows)
a/c 601/000/04.514.33.64.000 853.00
(Capital Outlay/Typewriter)
Total $10,353.00
The appropriations are necessary to maintain solvent budgetary fund as required
by law. MOVED BY RIGGLE, SECOND MEAD, TO AUTHORIZE THE APPROPRIATION WITH REFERRAL
OF THE MATTER TO MAYOR AND CITY COUNCIL FOR THE NECESSARY ORDINANCE. CARRIED.
Letter from Secretary Mead noted December 31 , 1979 expiration of term of fireman
board member, David Riggle, and that Fire Chief Geissler has been advised of
necessity to conduct an election among firefighters in order that the position
may be filled prior to the expiration date. ( Information)
MONTHLY STATEMENT OF CASH AND INVESTMENTS (See Attached Statement)
The monthly report of cash flow activity to October 31 , 1979 was distributed
reflecting investments as follows :
1 ) Sold $30, 100.00 of Mutual Funds
Inn 2) Sold $18,200.00 in Repos.
3) Purchased $6,900.00 Repo from Bache @ 11 . 10% to mature 10/12.
4) Purchased $6,900.00 Repo from Bache @ 12.40% to mature 10/19.
5) Purchased $16, 100.00 Repo from Bache @ 13.20% to mature 11/2.
6) Purchased $4,300.00 Repo from Bache @ 14.00% to mature 11/30.
44-
Firemen's Pension Board
November 13, 1979
Page Two
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
October medical bills and November pension payments were reviewed by the Board.
The secretary recalled later that the Board in 1974 has set $35 as the allowance
for eyeglass frames, lenses fully covered, and noted increased cost of frames
due to inflation. It was agreed by the Board to raise the maximum for eyeglass
frames to $50.00 plus tax. MOVED BY RIGGLE, SECOND MEAD, TO APPROVE THE BILLS
AND PENSION PAYMENTS AS PRESENTED. CARRIED.
NEW BUSINESS
Board member Riggle inquired whether the firemen are covered by King County
Medical Service following their retirement. Secretary Mead confirmed that
all LEOFF I members (hired on or prior to 10/1/77) are covered by medical insurance
paid by the City, which is deemed less costly than individual medical payments.
Retirees under the old pension system, 1947 & 1955 Acts, are not covered by
King County nor are LEOFF II members (hired after 10/1/77) , the latter now
under workmen' s compensation for on duty injuries.
As there was no further business to come before the board, it was MOVED BY
RIGGLE, SECOND MEAD, TO ADJOURN. CARRIED. 4: 30 P.M.
.dl
Delores A. Mead, Cl Clerk
Renton Firemen's Pension Board
CITY OF RENTON — FIREMEN'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
As of October 31, 1979
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH & INVESTMkNT ACTIVITY October September Month October Month September
CASH
Heginning Cash Balance . . . . . . . . . . . . . . $ 176.24 $ (54.37) $ 1,174.30 $ 21.35
REX'EI PTS:
Revenue3,014.58 873.27 2,528.86 2,459.62
Investments Sold 48,300.00 20,134.00 9,100.00 116,700.00
D I SBURSEME,ITS:
Expenditures . . . . . . . . . . . . . . . 16,941.54 16,376.66 12,476.73 15,269.87
Investments Purchased . . . . . . . . . . . . . . 34,200.00 4,400.00 —0— 103,700.00
ENDING CASH BALANQ. . . . . . . . . . . . . . . . $ 349.28 $ 176.24 $ 326.43 $ 211. 10
INVESTMENTS
Savings Accounts, Repurchase
Agreements k Certificates of Deposit . o 20,400.00 $ 4,400.00 $ 58,230.76 $ 30,200.00
Municipals . . . . . . . . . . . . . . . . . . . . 43,627.29 43,627.29 114,481.37 77,761.43
('nrporate liA)nds . . . . . . . . . . . . . . . . . 327,061.66 327,061.66 355,750.66 350,450.66
Mutual Funds . . . . . . . . . . . . . . . . . . . 211,888.34 241,988.34 290,587.34 280,588.34
TOTAL 1 W hSTWNTS . . . . . . . . . . . . . . . . $ 602,977.29 $ 617,077.29 $ 819,050.13 $ 739,000.43
TOTAL CASH & INV` STM}NTS . . . . . . . . . . . . . $ 603,326.57 $ 617,253.53 $ 819,376.56 $ 739,211.53
1`V KSr*NT ACTIVITY IH fR I NG TIIE CI)WMT MONTH:
1 Sold $30,100.00 of Mutual Funds.
2 Sold $18,200.00 in Repos.
3 Purchased $6,900.00 Repo from Bache (d 11.10% to mature 10/12.
4 Purchased $6,900.00 Repo from Bache (a 12.40% to mature 10/19.
5) Purchased $16, 100.00 Repo from Bache (a 13.20% to mature 112.
6) Purchased $4,300.00 Repo from Bache rd 14.00% to mature 1130.
46
FIREMEN' S PENSION BOARD NOVEMBER 1979
MEDICAL BILLS FOR OCTOBER 1979:
1
A & H DRUGS 523431 BEATTEAY $ 4. 75 "moo
523662 BEATTEAY 4.75
115509 BEATTEAY 4.00
115755 BEATTEAY 14.80
521341 COLOMBI 3.85
521365 COLOMBI 3.85
521343 SCHNEIDER 8.60 $ 44.60
AUSTINS PHARMACY 828829 WALLS $ 16.50
828217 WALSH 5.30 $ 21 .80
BARTELL' S 661001 VACCA $ 11 .40
661039 VACCA 5.00 $ 16.40
COLEMAN, DANIEL H. , M.D. ALEXANDER $241 .00 $241 .00
CORNELL' S VALLEY PHARMACY 7881 GEISSLER $ 8.05
5054 RIGGLE 10.85
5396 RIGGLE 9. 75
5095 SHERERTZ 5.00
5463 WALSH 9.70 $ 43.35
HARTWIG, J.N. , M.D. COLOMBI $ 7.00 $ 7.00
K' S PHARMACY 66540 CODIGA $ 5.60
105123 COFFIN 6.40 "moo
105398 CONNELL 19.25
105510 CONNELL 9. 15
105203 EAGER 9. 70
105477 EAGER 2.85
105455 LARSON 21 .80
105297 LAVALLEY 34.20
105467 PHILLIPS 25.55
105472 RUPPRECHT 9.85 $144. 35
INTERNATIONAL OPTICAL DISPENSARY 5141 BEATTEAY $ 50.44 $ 50.44
K' S PHARMACY 66795 ALEXANDER $ 4.40
105296 ALEXANDER 49.60 $ 54.00
M & R DRUGS 41392 WILLIAMS $176.45 $176.45
MONTEFERING CLINIC STROM $180.00 $180.00
RENTON CHIROPRACTIC CLINIC MCINNIS $154.00 $154.00
SUNSET PLAZA CHIROPRACTIC CLINIC MCIN141S $168.00 $168.00
VALLEY GENERAL HOSPITAL DYKES $100.00 $100.00
TOTAL MEDICAL COSTS FOR OCTOBER 1979 $1 ,401 .39
47
FIREMEN' S PENSION BOARD PAGE 2 NOVEMBER 1979
PENSION PAYMENTS FOR NOVEMBER 1979:
Tang
ALEXANDER, John (Captain) $1 ,226.00
ANDERSON, Mrs. Enza (Widow) 463.53
ANDERSON, T. K. (Fireman) 926.00
ASHURST, James F. (Asst. Chief) 1 ,296.00
BANASKY, George (Captain) 245.20
CONNELL, Robert (Captain) 173- 75
GOODWIN, Charles (Captain) 1 ,226.00
HAWORTH, Mrs. Constance C. (Widow) 811 . 34
HAWORTH, Jack (Fireman) 926.00
HENRY, Paul J. (Fireman) 22.65
HURST, Gerald (Fireman) to2•87
LAWRENCE, Floyd (Chief) 526. 16
MCDONALD, Mrs . Orpha (Widow) 463.53
PARKS, John (Fireman) 943. 50
PRINGLE, Sylvia Joan (Widow) 758.33
SHERERTZ, Marvin L. (Battalion Chief) 44.88
STROM, Karl (Fireman) 926.00
TODD, Franklin L. (Fireman) 117.83
TONDA, Ernest J. (Captain) 90.82
WALSH, Patrick J. (Captain) 261 .39
TOTAL PENSION PAYMENTS FOR NOVEMBER 1979 $11 ,551 . 78
low TOTAL MEDICAL PAYMENTS FOR OCTOBER 1979 $ 1 ,401 .39
TOTAL EXPENSES: Medical/Pension $12,953. 17
TOTAL PENSION PAYMENTS FOR NOVEMBER 1978 $10,305.55
TOTAL MEDICAL PAYMENTS FOR OCTOBER 1978 $ 8,971 . 19
TOTAL EXPENSES FOR 1978 $19,276. 74
tiar
CITY OF RENTON
FIREMEN' S PENSION BOARD
Regular Meeting
December 11 , 1979 1
BOARD MEMBERS
Charles J. Delaurenti , Mayor-Chairman
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept. Rep.
Ray Barilleaux, Alternate Fire Dept. Rep.
The regular meeting of Renton Firemen's Pension Board was called to order
by Mayor Delaurenti , Chairman, at 4:00 p.m. in the sixth floor conference
room. All board members were in attendance.
MINUTE APPROVAL
MOVED BY HENRY, SECOND RIGGLE, TO APPROVE THE MINUTES OF THE REGULAR MEETING
OF NOVEMBER 13, 1979 AS WRITTEN. CARRIED.
MONTHLY STATEMENT OF CASH AND INVESTMENTS (See Attached Statement)
Monthly report of cash flow activity to November 30, 1979 was distributed
reflecting investments as follows:
1) Sold $83, 100.00 in Repos.
2) Purchased $20,700.00 Repo from Bache @ 13.006 to mature 11/9.
3) Purchased $19,300.00 Repo from Bache @ 12.70% to mature 11/16. Und
4) Purchased $19,500.00 Repo from Bache @ 13. 10% to mature 11/26.
5) Purchased $3,200.00 Repo from Bache @ 11 .60% to mature 11/30.
6) Purchased $8,200.00 Repo from Bache @ 11 .70% to mature 12/7.
MOVED BY HENRY, SECOND RIGGLE, THE INFORMATIONAL STATEMENT BE FILED FOR RECORD.
CARRIED.
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
November medical bills and December pension payments were reviewed • Fireman Henry
presented request from Jack Haworth for reimbursement for payment of medical
service invoices. The board discussed the payment directing it be checked for
proper documentation and approval be substantiated, otherwise to be considered
at the following meeting. MOVED BY MEAD, SECOND HENRY, TO APPROVE THE BILLS
AND PENSION PAYMENTS INCLUDING JACK HAWORTH IF WARRANTED. CARRIED.
OLD BUSINESS
Fireman Riggle inquired when the monies allocated to the pension fund in the
1980 budget would actually be placed in the fund. The secretary advised
these proceeds were to come from property tax monies. Chairman Delaurenti
requested the secretary to check the matter and advise fireman Riggle of the
appropriation timing.
NEW BUSINESS
Mayor Delaurenti noted this to be his final meeting of the Firemen 's Pension
Board and bid farewell to the members, advising he had enjoyed chairing the
board meetings. He commented regarding his commitment of fund allocation at
such time if the pension fund was depleted to within $500,000 to be fulfilled
with the 1980 budget allocation of $50,000 tax monies into the fund and payment
of medical/dental insurance premiums for active uniform members from the current
Firemen's Pension Board
December 11 , 1979
Page Two
fund a total benefit to the pension fund will result in an amount between
$92,000 and $93,000 made possible by the cities increased real property
valuations. Members in turn expressed pleasure in working with the Mayor
and wished him health and enjoyment in his retirement.
As there was no further business to come before the board, it was MOVED
BY HENRY, SECOND RIGGLE, TO ADJOURN. CARRIED. 4:29 P.M.
gi tis i.d
Delores A. Mead, City Cl rk
Renton Firemen' s Pension Board
w...
MOW
CITY OF RENTON — FIREMEN'S PLN SION FUND
CASH & INVESTMENT ACTIVITY REPORT
As of November 30, 1979
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH & INVESTMENT ACTIVITY November October Month November Month October
CASH
Iteginning Cash Balance . . . . . . . . . . . . . . $ 349.28 $ 176.24 $ 21).01 $ 211.10 j
RECEIPTS:
Revenue 3,924.64 3,014.58 4,388.60 399. 12
Investments Sold• 83,100.00 48,300.00 71,155.00 123,000.00
DISBURSEMENTS:
Expenditures . . . . . . . . . . . . . . . . 16,394.24 16,941.54 15,793. 16 14,781.21
Investments Purchased . . . . . . . . . . . . . . 70,900.00 34,200.00 59,500.00 108,800.00 ,
LNDING CASH BALANCE: . . . . . . . . . . . . . . . $ 79.68 $ 349.28 $ 279.45 $ '29.01 f
I NV E:STMENNTS E
Savings Accounts, Repurchase
Agreements & Certificates of Deposit . . . . . . . $ 8,200.00 $ 20,400.00 $ 7,600.00 $ lb,000.00
Municipals . . . . . . . . . . . . . . . . . . . . 43,627.29 43,627.29 77,761.43 77,761.43
Corporate Bonds . . . . . . . . . . . . . . . . . 327,061.66 327,061.66 347,195.66 350,450.66
Mutusil Mindq . . . . . . . . . . . . . . . . . . 211,888.34 211,888.34 280,588.34 280,588.34
FOTAI, INVESTMENNTS . . . . . . . . . . . . . . $ 590,777.29 $ 602,977.29 $ 713,145.43 $ 724,800.43
i
TOTAL CASH we. INVE:STMINTS . . . . . . . . . . . . $ 590,856.97 $ 603,326.57 $ 713,424.88 $ 7249829.44
i
INVPESTMENNT ACTIVITY INURING THE; (,'IIRRE.NT MONTH:
1 ) Sold $83,100.00 in Repos.
2) Purchased $20,700.00 Repo from Bache (e 13.00$ to mature 119.
3) Purchased $19,300.00 Repo from Bache Ca 12.70% to mature 11/16.
4) Purchased $19,500.00 Repo from Bache C 13.10 to mature 11/26.
5 Purchased $ 3,200.00 Repo from Bache r 11.604 to mature 1130.
6) Purchased $ 8,200.00 Repo from Bache 0 11.704 to mature 12/7.
l i
5i
FIREMEN' S PENSION BOARD DECEMBER 1979
MEDICAL BILLS FOR NOVEMBER 1979:
A & H DRUGS 116853 BEATTEAY $ 14.80
116538 BEATTEAY 18.80 $ 33.60
AUSTINS PHARMACY 829779 ANDERSON $ 11 .00 $ 11 .00
BARTELL' S 662480 VACCA $ 9.40 $ 9.40
K'S PHARMACY 105859 ALEXANDER $ 1 .50
105611 BERGQUIST 29.90
105631 CONNELL 10.47
105712 CONNELL 8. 70
105866 LAVALLEY 34.20
105710 PARKS 23.85
105678 RUPPRECHT 9.85
105663 TONDA 12.50 $ 130.97
JAFFE, STEVEN L. , O. D. PARKS $ 31 .48 $ 31 .48
MONTEFERING CLINIC STROM $ 100.00 $ 100.00
low VALLEY GENERAL HOSPITAL CONNELL $ 150.00 10.00
TOTAL MEDICAL COSTS FOR NOVEMBER 1979 $ 466.45
Reimbursement to Current Fund/Clerical and Account Services
Period of July 1 , 1979 to December 31 , 1979 $ 687.02
Printing Services $ 11 .85
MEDICAL PREMIUMS FOR NOVEMBER 1979
GROUP HEALTH MEDICAL $ 184. 92
KING COUNTY MEDICAL $2,688.00
WASHINGTON DENTAL SERVICE $ 702.24 $3,575• t6
MEDICAL PREMIUMS FOR DECEMBER 1979
GROUP HEALTH MEDICAL $ 184.92
KING COUNTY MEDICAL $2,688.00
WASHINGTON DENTAL SERVICE $ 702.24 $3,575. 16
TOTAL MEDICAL COSTS FOR NOVEMBER $7,616. 77
FIREMEN' S PENSION BOARD PAGE 2 DECEMBER 1979
PENSION PAYMENTS FOR DECEMBER 1979:
ALEXANDER, John (Captain) $1 ,226.00
ANDERSON, Mrs. Enza (Widow) 463.53
ANDERSON, T.K. (Fireman) 926.00
ASHURST, James F. (Asst. Chief) 1 ,296.00
BANASKY, George (Captain) 245.20
CONNELL, Robert (Captain) 173.75
GOODWIN, Charles (Captain) 1 ,226.00
HAWORTH, Mrs. Constance C. (Widow) 811 .34
HAWORTH, Jack (Fireman) 926.00
HENRY, Paul J. (Fireman) 22.65
HURST, Gerald (Fireman) 102.87
LAWRENCE, Floyd (Chief) 526. 16
McDONALD, Mrs. Orpha (Widow) 463.53
PARKS, John (Fireman) 943.50
PRINGLE, Sylvia Joan (Widow) 758.33
SHERERTZ, Marvin L. (Battalion Chief) 44.88
STROM, Karl (Fireman) 926.00
TODD, Franklin L. (Fireman) 117.83
TONDA, Ernest J. (Captain) 90.82
WALSH, Patrick J. (Captain) 261 . 39
TOTAL PENSION PAYMENTS FOR DECEMBER 1979 $11 ,551 .78 'o'
TOTAL MEDICAL PAYMENTS FOR NOVEMBER 1979 $ 7,616.77
TOTAL EXPENSES: Medical/Pension $19, 168.55
REIMBURSEMENT FOR SERVICES $ 687.02
REIMBURSEMENT FOR PRINTING $ 11 .85
TOTAL PENSION PAYMENTS FOR DECEMBER 1978 $10,305.55
TOTAL MEDICAL PAYMENTS FOR NOVEMBER 1978 $ 5,064.57
TOTAL EXPENSES FOR 1978 $15,370. 12
CITY OF RENTON
FIREMEN'S PENSION BOARD
Regular Meeting
JANUARY 15, 1980
Board Members
Barbara Y. Shinpoch, Mayor-Chairman
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept. Rep.
Ray Barilleaux, Alternate Fire Dept. Rep.
The regular meeting of the Renton Firemen's Pension Board was called to
order by Mayor Shinpoch, Chairman, at 4:00 P.M. in the sixth floor conference
room. All board members were in attendance. Gwen Marshall , Finance Director,
was also in attendance.
MINUTE APPROVAL
MOVED BY HENRY, SECOND RIGGLE, TO APPROVE THE MINUTES OF THE REGULAR MEETING
OF DECEMBER 11 , 1979 AS WRITTEN. CARRIED.
CORRESPONDENCE
Letter was read from Fire Chief Richard Geissler noting election of Dave
Riggle to another term on the Firemen's Pension Board, term to commence
January 1 , 1980 and run for two years.
Letter was read from Delores A. Mead, City Clerk, certifying to the State
Treasurer the number of firemen (56) as of December 31 , 1979, the date
the department was formed (January 2, 1944) , and the date the Pension Fund
was established (March 2, 1948, Ordinance 1308) .
MONTHLY STATEMENT OF CASH AND INVESTMENTS (See Attached Statement)
Monthly report of cash flow activity to December 31 , 1979 was distributed
reflecting investments as follows:
1 ) Sold $36,000.00 in Repos.
2) Received $3, 722.47 payment on LID 259 Installment Note.
3) Received $1 ,913. 72 payment on LID 261 Installment Note.
4) Received $10,930.81 payment on LID 269 Installment Note .
5) Purchase $11 , 300.00 Repo from Bache @ 12.75% to mature 12/14/79.
6) Purchase $7,800.00 Repo from Bache @ 13.30% to mature 12/21/79.
7) Purchase $9,300.00 Repo from Bache @ 12.60% to mature 12/28/79.
8) Purchase $14,500. 00 Repo from Bache @ 12.60% to mature 1/4/80.
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
December medical bills and January pension payments were reviewed. Gwen
Marshall , Finance Director, noted pension increases were implemented in January
based on 1979 longevity and will be adjusted to reflect the 1980 salaries before
the checks are drawn. Revisions will appear in the February statement. MOVED
BY HENRY, SECOND MEAD, CORRECT PENSION PAYMENTS BE BASED ON 1980 SALARIES
SUBJECT TO ARBRITRATION CONFIRMATION. CARRIED. MOVED BY HENRY, SECOND RIGGLE ,
TO APPROVE THE BILLS AND PENSION PAYMENTS. CARRIED. (Revisions appear on the attached
�..• statement and explanation of adjustments also are attached. )
As there was no further business to came before the board, it was MOVED BY
MEAD, SECOND HENRY, TO ADJOURN. CARRIED. 4:24 P.M. },, n ,,
4!I X.G(.C�l
Delores A. Mead, City tlerk
Renton Firemen' s Pension Board
FIREMEN' S PENSION BOARD JANUARY 1980
MEDICAL BILLS FOR DECEMBER 199:
MATTHEW $ 15.00 $ 15.00
BAKER, GORDON P. , M. D.
BARTELL DRUG CO. 238099 VACCA $ 8.60 $ 8.60
CORNER DRUG STORE 304130 EAGER $ 4.90 $ 4.90
HARTWIG, J.H. , M.D. BARILLEAUX $ 7.00 $ 7.00
K' S PHARMACY 106357 ALEXANDER $ 4.65
106521 ALEXANDER 17.21
106609 ALEXANDER 61 .60
105835 PARKS 21 . 35
106509 PARKS 18.75 $ 123.56
K'S PHARMACY 105914 CONNELL $ 9. 15
106366 CONNELL 28.40
106505 PARKS 9.00
106544 RUPPRECHT 15. 10 $ 61 .65
MONTEFERING CLINIC STROM $ 120.00 $ 120.00
TOTAL MEDICAL COSTS FOR DECEMBER 1979 $ 340.71
1 `
moo
PENSION PAYMENTS FOR JANUARY 1980: CORRECTED PENSIONS
ALEXANDER, John (Captain) $1 ,334.50 $1 ,320.00
ANDERSON, Mrs. Enza (Widow) 463.53
ANDERSON, T. K. (Fireman) 1 ,009.50 1 ,014 .50
ASHURST, James F. (Asst. Chief) 1 ,410.50 1 ,417.00
BANASKY, George (Captain) 375.40 358.00
BERGMAN, Ronald A. (Fireman) 19. 12 22 .62
CONNELL, Robert (Captain) 282.25 267.75
GOODWIN, Charles (Captain) 1 ,334.50 1 ,320.00
HAWORTH, Mrs. Constance C. (Widow) 811 . 34
HAWORTH, Jack (Fireman) 1 ,009. 50 1 ,014.50
HENRY, Paul J. (Fireman) 122.85 130.65
HURST, Gerald (Fireman) 186.37 192.87
LAWRENCE, Floyd (Chief) 526. 16
McDONALD, Mrs . Orpha (Widow) 463.53'
PARKS, John (Fireman) 1 ,027.00 1 ,033.50
PRINGLE, Sylvia Joan (Widow) 758. 33
SHERERTZ, Marvin L. (Battalion Chief) 177.70 185 .24
SMITH, Leroy (Fireman) 21 .87 25. 37
STROM, Karl (Fireman) 1 ,009.50 1 ,014 .50
TODD, Franklin L. (Fireman) 201 .33 204.83
TONDA, Ernest J. (Captain) 234.04 214.90
WALSH, Patrick J. (Captain) 369.89 355. 39
WILLIAMS, George H. (Fire Chief) 36.62 43. 12
TOTAL PENSION PAYMENTS FOR JANUARY 1980 $13, 185.33 $13, 157.63'
FIREMEN' S PENSION BOARD PAGE 2 JANUARY 1980
TOTAL PENSION PAYMENTS FOR JANUARY 1980 $13, 185.33 $13, 157.63-;
TOTAL MEDICAL PAYMENTS FOR DECEMBER 1979 $ 340. 71 $ 340.71
TOTAL EXPENSES: Medical/Pension $13,526.04 $13,498.34-
TOTAL PENSION PAYMENTS FOR JANUARY 1979 $11 ,932.43
TOTAL MEDICAL PAYMENTS FOR DECEMBER 1978 $ 360. 13
TOTAL EXPENSES FOR 1979 $12,292.56
'Corrected Figures
rte,.
CITY OF RENTON — FIRIOU N'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
As of December 31 , 1979
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH & INVESTMENT ACTIVITY December November Month December Month November
CA5'H
Beginning Cash Balance . . . . . . . . . $ 79.68 $ 349.28 $ 279.45 $ 29.01
RECEIPTS:
Revenue8,556.25 3,924.64 5,907.82 4,388.60
Investments Sold 53,167.00 83,100.00 52,626.52 71,155.00
DISBURSEMENTS:
Expenditures . . . . . . . . . . . . . . . . . . 16,207.23 16,394.24 19,407.66 15,793.16
Investments Purchased . . . . . . . . . . . . . . 42,900.00 70,900.00 39,300.00 59,500.00
ENDING CASH BALANCE: . . . . . . . . . . . . . . . $ 2,695.70 $ 79.68 $ 106.13 $ 279.45
l NVESTIONTS
Savings Accounts, Repurchase
Agreements k Certificates of Deposit . . . . . . . $ 14,500.00 $ 8,200.00 $ 9,000.00 $ 7,600.00
Municipals . . . . . . . . . . . . . . . . . . . . 27,060.29 43,627.29 68,434.91 77,761.43
Corporate Ronds . . . . . . . . . . . . . . . . . 327,061.66 327,061.66 347,195.66 347,195.66
Mutual Funds . . . . . . . . . . . . . . . . . . . 211,888.34 211,888.34 275,188.34 280,588.34
NOTAL I WESTMENTS . . . . . . . . . . . . . . . . $ 580,510.29 $ 590,777.29 $ 699,818.91 $ 713,145.43
TOTAL CASH k INVESI$ONTS . . . . . . . . . . . . . $ 583,205.99 $ 590,856.97 $ 699,925.04 $ 713,424.88
1`1'E:STWSVT ACTIVITY DURING THE: ('1M*NT WNTH:
1) Sold $36,600.00 in Repos.
2) Received $3,722.47 payment on LID 259 Installment Note.
3) Received $1,913.72 payment on LID 261 Installment Note.
4) Received $10,930.81 payment on LID 269 Installment Note.
51 Purchase $11,300.00 Repo from Bache @ 12.75% to mature 12/14/79.
6) Purchase $7,800.00 Repo from Bache @ 13. 30% to mature 12/21/79.
7) Purchase $9, 300.00 Repo from Bache @ 12.60% to mature 12/28/79.
8) Purchase $14,500.00 Repo from Bache @ 12.60% to mature 1/4/80.
JANUARY 1980. FIRE PENSIONS WERE ADJUSTED FOR THE FOLLOWING
REASONS :
1) Longevity for Fire Fighters , Lieutenants & Captains
originally figured at the 1979 rate , pending arbitration
settlement on longevity ; adjusted to arbitration settlement :
Longevity changed to 2%-4%-6%-8% (based on years of service)
on top Fire Fighter ' s basic salary ($1914/mo) for all Union
ranks (Fire Fighter , Lieutenant & Captain) .
Result : Fire Fighter ' s pensions increased and Lieutenants
and Captains pensions decreased frpm ori final figures .
(We don' t have any Lieutenant Retirees .
Longevity was formerly (1979) 2%-4%-6%-8% on basic salary
of ranks of Fire Fighter , Lieutenant & Captain .
2 ) Battalion Chief ' s pensions increased slightly from original
figures because the Resolution giving the spread between
positions was not changed from 1979 as anticipated. It left
the spread between Captain & Battalion Chief at 11 . 54% instead
of the expected change to 11% , on which the first computations
were figured.
CITY OF RENTON
FIREMEN' S PENSION BOARD
Regular Meeting
February 11 , 1980
Board Members
Barbara Y. Shinpoch, Mayor-Chairman
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept. Rep.
Ray Barilleaux, Alternate Fire Dept. Rep.
The regular meeting of the Firemen' s Pension Board was called to order by
Mayor Shinpoch, Chairman, at 4:00 p.m. in the sixth floor conference room.
All board members were in attendance, except Earl Clymer who was excused.
MINUTE APPROVAL
MOVED BY HENRY, SECOND RIGGLE, TO APPROVE THE MINUTES OF THE REGULAR MEETING
OF JANUARY 15, 1980, AS WRITTEN. CARRIe ;.
MONTHLY STATEMENT OF CASH AND INVESTMENTS (See Attached Statement)
Monthly report of cash flow activity to January 31 , 1980 was distributed
reflecting investments as follows:
1 ) Sold $96,000.00 in Repos
2) Purchased $17,300.00 Repo from Bache @ 13.00% to mature 1/11 /80.
3) Purchased $17,300.00 Repo form Bache @ 13.00% to mature 1/18/80
4) Purchased $19,900.00 Repo from Bache @ 12.90% to mature 1/25/80
5) Purchased $ 4, 100.00 Repo from Bache @ 12.80% to mature 2/1/80 ..�►
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
January medical bills and February pension payments were reviewed. It was
pointed out that medical/dental premiums are no longer paid from the pension
fund. MOVED BY HENRY, SECOND RIGGLE, TO APPROVE PAYMENT OF THE BILLS AND
PENSION PAYMENTS. CARRIED.
OLD BUSINESS
Fireman Henry inquired whether anything has been received from the Auditor, the
firefighters having asked for information regarding requirement of law to allocate
tax monies to the Pension Fund. The secretary noted nothing received on the 1978
audit to date - firemen' s request made during that audit - that an interim 1979
audit has just been completed. The Mayor noted Actuary Report would be secured
to indicate the soundness of the fund at such time as may be necessary .
NEW BUSINESS
Fireman Henry inquired regarding possible group insurance plan for eyeglasses
and exams , Washington Vision Services, one possible plan (which Boeing uses) .
In discussion it was noted if benefits are based on group size it might not
be adequate for the cost.
It was suggested that the matter be investigated. The secretary will check
firefighters to also find out any further information as may be available.
As there was no further business to come before the board, it was MOVED BY woo
MEAD, SECOND HENRY, TO ADJOURN. CARRIED. 4:45 p.m.
Rel res A. Mea c
s Pity, Jerk
en on Firemen ension Board
FIREMEN' S PENSION BOARD FEBRUARY 1980
MEDICAL BILLS FOR JANUARY 1980:
A & H DRUGS 116745 BEATTEAY $ 13.45
117214 BEATTEAY 12.95
117357 BEATTEAY 16.50
117594 BEATTEAY 12. 50
117617 BEATTEAY 4.00
521127 COLOMBI 3.95 $ 63. 35
ALLERGY CLINIC BERGQUIST $ 25.00 $ 25.00
AUSTIN PHARMACY 829464 WALSH $ 29.95
829518 WALSH 5. 30 $ 35.25
AUSTIN PHARMACY 829988 ANDERSON $ 11 .00 $ 11 .00
BARTELL DRUG 662480 VACCA $ 9.40 $ 9.40
CORBIN, F. L. , D.C. TONDA $252.00
CORNELL' S VALLEY PHARMACY 5568 GEISSLER $ 12. 10
5738 NICHOLS 6.95
5775 STEEL 14. 15 $ 33.20
JAFFE, STEVEN L. , O.D. 3455 HENRY $125.03 $125.03
K' S PHARMACY 106068 HENRY $ 21 .90
106637 LARSON 23.25
106268 LaVALLEY 45.54
106036 McLAUGHLIN 6. 70
106275 PHILLIPS 25. 55
106218 TODD 7.45 $130. 39
K' S PHARMACY 106071 ASHURST $ 15.87
106050 PARKS 7.80
106230 PARKS 23.85 $ 47.52
MONTEFERING CLINIC INC. ,P.S . STROM $140.00 $140.00
TOTAL MEDICAL COSTS FOR JANUARY 1980 $620. 14
..s
FIREMEN' S PENSION BAORD PAGE 2 FEBRUARY 1980
PENSION PAYMENTS FOR FEBRUARY 1980:
ALEXANDER, John (Captain) $1 ,320.00
ANDERSON, Mrs. Enza (Widow) 463.53
ANDERSON, T. K. (Fireman) 1 ,014.50
ASHURST, James F. (Asst. Chief) 1 ,417.00
BANASKY, George (Captain) 358.00
BERGMAN, Ronald A. (Fireman) 22.62
CONNELL, Robert (Captain) 267.75
GOODWIN, Charles (Captain) 1 ,320.00
HAWORTH, Mrs. Constance C. (Widow) 811 .34
HAWORTH, Jack (Firman) 1 ,014.50
HENRY, Paul J. (Fireman) 130.65
HURST, Gerald (Fireman) 192.87
LAWRENCE, Floyd (Chief) 526. 16
McDONALD, Mrs. Orpha 463. 53
PARKS, John (Fireman) 1 ,033.50
PRINGLE, Sylvia Joan (Widow) 758- 33
SHERERTZ, Marvin L. (Battalion Chief) 185.24
SMITH, Leroy (Fireman) 25.37
STROM, Karl (Fireman) 1 ,014.50
TODD, Franklin L. (Fireman) 204.83
TONDA, Ernest J. (Captain) 214.90
WALSH, Patrick J. (Captain) 355.39
WILLIAMS, George H. (Fire Chief) 43. 12
TOTAL PENSION PAYMENTS F0 FRBRUARY 1980 $13, 157.63
TOTAL PENSION PAYMENTS FOR FEBRUARY 1980 $13, 157.63
TOTAL MEDICAL PAYMENTS FOR JANUARY 1980 620. 14
TOTAL EXPENSES: Medical/Pension $13,777.77
TOTAL PENSION PAYMENTS FOR FEBRUARY 1979 $11 ,932.43
TOTAL MEDICAL PAYMENTS FOR JANUARY 1979 5, 187. 74
TOTAL EXPENSES FOR 1979 $17, 120. 17
ICM' OF ILLNTON - E'1R`f;M'wS PNSION H1'ND
CASH & INVESTWNT ACTIVITY I+:P()RT
As of jA-1'ARy 'il. 1080
Current Month Previous Month Last Yr. Current last Yr. Previous
CASH & INVESTMENT ACTIVITY January 1980 December 1979 Month January 7() Month December 7n
('ASH
Beginning Cash Balance . . . . . . . . . . . . . . $ 2,695.70 $ 79.68 $ 4. 14 $ 27<►.t{'i
RECEIPTS:
Revenue . . • . . . . . . . . . . . . . . . . 490.68 8,556.25 792.71 5,907.82
Investments Sold . . . . . . . . . . . . . . . . 69,000.00 53,167.00 75,189.02 52,626.52
D I SBURSWEVTS:
Expenditures . . . . . . . . . . . . . . . . 13,510.24 16,207.23 9,437.71 19,407.66
Investments Purchased . . . . . . . . . . . . . . 58,600.00 42,900.00 66,300.00 39,300.00
ENDING CASH BALANCE. . . . . . . . . . . . . . . . $ 76.14 $ 2,695.70 $ 248. 16 $ 106. 13
I NVE:SIWNTS
Savings Accounts, Repurchase
Agreements K. Certificates of Deposit. . . . . . . . $ 4,100.00 $ 14,500.00 $ 66,300.00 $ 9,000.00
Municipals . . . . . . . . . . . . . . . . . . . . 27,060.29 27,060.29 95,381 . 14 68,434.91
('orporale Bonds . . . . . . . . . . . . . . . . . 327,061.66 327,061.66 355,750.66 347,195.66
Muttial E`unds . . . . . . . . . . . . . . . . . . . 211,888.34 211,888.34 280,588.34 275,188.34
rOT AL INVESTMENTS . . . . . . . . . . . . . . . . $ 570,110.29 $ 580,510.29 $ 798.020. 14 $ 699,818.91
'rt)TAL CASH X INVESTMENTS . . . . . . . . . . . . . $ 570.186.43 $ 583,205.99 $ 798.268.30 $ 699,925.04
INVES'rNENT ACTIVITY DURING THE CURRENT MONTH:
1. Sold $69,000.00 in Repos
2. Purchased $17,300.00 Repo from Bache Ca 13.00% to mature 1-11-80
3. Purchased $17,300.00 Repo from Bache Md 13.00% to mature 1-18-80
4. Purchased $19,900.00 Repo from Bache 6% 12.90`,b to mature 1-25-80
5. Purchased $ 4, 100.00 Repo from Bache (a 12.80% to mature 2-01-80
CITY OF RENTON
FIREMEN' S PENSION BOARD
Regular Meeting
March 11 , 1980
Board Members
Barbara Y. Shinpoch, Mayor-Chairman
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept. Rep.
Ray Barilleaux, Alternate Fire Dept. Rep.
The regular meeting of the Firemen' s Pension Board was called to order by
Mayor Barbara Shinpoch, Chairman, at 4:00 p.m. in the sixth floor conference
room of the municipal building. Board member Earl Clymer was absent. All
other board members were present. Also in attendance was Gwen Marshall ,
Finance Director.
MINUTE APPROVAL
MOVED BY HENRY, SECOND RIGGLE, TO APPROVE THE MINUTES OF THE REGULAR MEETING
OF FEBRUARY 11 , 1980 AS WRITTEN. CARRIED.
MONTHLY STATEMENT OF CASH AND INVESTMENTS (See Attached Statement)
Monthly report of cash flow activity to February 29, 1980 was distributed and
filed for record as follows:
1 . Sold $25,200.00 in Repos
2. Purchased $4, 100.00 Repo from Bache @ 12.20% to mature 2/8/80
3. Purchased $8,200.00 Repo from Bache @ 12.35% to mature 2/15/80
4. Purchased $8,800.00 Repo from Bache @ 12.90% to mature 2/22/80
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
February medical bills and March pension payments were distributed and reviewed.
The secretary reported that Orpha McDonald, pension widow, passed away on 2/18/80
and February pension payment was adjusted accordingly. MOVED BY HENRY, SECOND
RIGGLE, TO APPROVE PAYMENTS OF THE BILLS AND PENSION PAYMENTS AS SUBMITTED IN
TOTAL OF $13, 123.39• CARRIED.
OLD BUSINESS
The firemen board members, Henry and Riggle, noted the intent to request a
calendar date to meet with Mayor Shinpoch concerning 1981 budget allocation
of tax dollars into the pension fund. Discussion ensued concerning the
fund expenditures, declining balance, 1978 actuary and the 1980 budget
allocation of $50,000 plus pick-up by the current fund of some $43,000
medical/dental insurance premiums. The firemen inquired of the Mayor if
she has given thought to any specific 1981 budget allocations. She responded
that she has not yet considered the matter and will be glad to meet with
the firemen, please check with her secretary regarding an appropriate time.
Inquiry had been made at the February meeting regarding possible group insurance
plan for eyeglasses and exams.. The secretary was to check past eye care payments
by the pension fund and check premiums and benefits for group insurance coverage.
Report was distributed indicating payments by the pension fund of $1 ,565• .41 for
1978, $1 ,222. 75 for 1979, $125.03 to date in 1980.
FIREMEN' S PENSION BOARD
March 11 , 1980
PAGE TWO
Finance Director Marshall reported investigation and discussion with Pat
Lemmon, King County representative. Premiums would be $7.00 per month
per person with benefits of exam in full (using King County member doctor) ,
$20.00 on frames, S30.00 lense benefit bifocals, $42.00 trifocals, and
$60.00 beyond tri , one eyeglass prescription every two years. It was the
board concensus not to pursue this further as it would not be effective in
cost savings to the fund nor as regarding benefits to members.
NEW BUSINESS
Fireman Henry reported that retired fireman Jack Haworth was stabilizing
after a recent heart attack. Fireman Henry had requested review of Mr. Haworth' s
history file and noted various reports for eye problems and prosdatitis disabilities
but no specific reference to vascular or heart related problems ; hospital and
medical bills presenting some worries.
The law was discussed which provides that firefighters employed prior to
commencement of the LEOFF system, March 1970, who elected to retire under
prior ACT, were covered ONLY for that disability for which they were retired.
Firefighters who have never paid into the fund, however, receive various medical
disability benefits.
Firemen had at one time been given written notice of the King County medical
insurance termination and were urged to pick up forms in the payroll division
to insure individually upon leaving the city. Question was raised as to
whether such notice is given at the present time. The firemen normally
would be aware of insurance coverage procedures , but a reminder helpful .
As there was no further business to come before the board, it was MOVED BY
HENRY, SECOND RIGGLE, TO ADJOURN. CARRIED. 4:35 P.M.
Delores A. Mead, .CitA Clerk
Renton Firemen' s Pension Board
FIREMEN' S PENSION BOARD MARCH 1980
MEDICAL BILLS FOR FEBRUARY 1980:
AUSTINS PHARMACY 845080 WALSH $ 14.50 $ 14.50
GREEN & JACKSON DRUG CO. 33038 WILLIAMS $ 13.65 $ 13.65
CORNELL' S VALLEY PHARMACY 09452 GEISSLER $ 12.00
08595 NICOLS 7.30
09338 BERGQUIST 44.05
09274 NICHOLS 14.90
08595 NICHOLS 12.00 $ 90.25
HARTWIG, J .H. , M.D. WALLS $ 7.00 $ 7.00
JAFFE, STEVEN L. , O. D. HANSON $ 34.00 $ 34.00
K' S PHARMACY 106338 CONNELL $ 36.40
106719 CONNELL 9.40
106865 CONNELL 8.74
106598 JONES 18.86
106725 JONES 18.86
106802 JONES 4.60
106936 JONES 4.60
106853 RUPPRECHT 6.25
106923 RUPPRECHT 6.25 $113.96
MODDE, P.J . , D.C. VACCA $ 65.00 $ 65.00
(Valley Chiropractic Clinic)
MONTEFERING CLINIC STROM $ 85.00 $ 85.00
PAY' n SAVE CORPORATION 5318288 CHRISTENSEN 5.93 $ 5.93
TOTAL MEDICAL COSTS FOR FEBRUARY 1980 $429.29
FIREMEN' S PENSION BOARD PAGE 2 MARCH 1980
PENSION PAYMENTS FOR MARCH 1980:
ALEXANDER, John (Captain) $1 ,320.00
ANDERSON, Mrs. Enza (Widow) 463.53
ANDERSON, T. K. (Fireman) 1 ,014.50
ASHURST, James F. (Asst. Chief) 1 ,417.00
BANASKY, George (Captain) 358.00
BERGMAN, Ronald A. (Fireman) 22.62
CONNELL, Robert (Captain) 267.75
GOODWIN, Charles (Captain) 1 ,320.00
HAWORTH, Mrs. Constance C. (Widow) 811 .34
HAWORTH, Jack (Fireman) 1 ,014.50
HENRY, Paul J. (Fireman) 130.65
HURST, Gerald (Fireman) 192.87
LAWRENCE, Floyd (Chief) 526. 16
PARKS, John (Fireman) 1 ,033.50
PRINGLE, Sylvia Joan (Widow) 758.33
SHERERTZ, Marvin L. (Battalion Chief) 185.24
SMITH, Leroy (Fireman) 25.37
STROM, Karl (Fireman) 1 ,014.50
TODD, Franklin L. (Fireman) 204.83
TONDA, Ernest J. (Captain) 214.90
WALSH, Patrick J. (Captain) 355.39
WILLIAMS, George H. (Fireman) 43. 12
TOTAL PENSION PAYMENTS FOR MARCH 1980 $12,694. 10
TOTAL PENSION PAYMENTS FOR MARCH
TOTAL PENSION PAYMENTS FOR MARCH 1980 $12,694. 10
TOTAL MEDICAL PAYMENTS FOR FEBRUARY 1980 $ 429.29
TOTAL EXPENSES: Medical/Pension $13,123.39
TOTAL PENSION PAYMENTS FOR MARCH 1979 $12,422.83
TOTAL MEDICAL PAYMENTS FOR FEBRUARY 1980 $ 3,756.53
TOTAL EXPENSES FOR 1979 $16, 179.36
---------------------------------------------------------------------------
NOTE: Orpha McDonald passed away on 2/18/80. Her 2/80 pension payment was
adjusted as follows: Submitted as $463.53
Adjusted to $287.71
Totalsfor February are to be adjusted as follows:
Total Pension Payments for February 1980 $12,981 .81
Total Medical Payments for January 1980 620. 14
Total Expenses $13,601 .95
CITY OF RENTON - FIRi; MI S PKNSION FUND
CASH & INVESTMENT ACTIVITY REPORT
As of FEBRUARY 29, 1980
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH & INVESTMENT ACTIVITY February 1980 January 1980 Month February 7S Month January 79
CASH
Beginning Cash Balance . . . . . . . . . . . . . 76.14 2,695.70 73.87 98.22
RECEIPTS:
Revenue 5,418.29 490.68 5,794-96 49407.90
Investments Sold 25,200.00 69,000.00 114,200.00 93,438.37
D I SBURSE]MENTS:
Expenditures . . . . . . . . . . . 14,379,18 13,510.24 17,120.17 12,570.62
Investments Purchased , . , . . . , . . . 21,100.00 58,600.00 102,800.00 85000.00
ENDING CASH BALANCE . . . . .. . . . . . . . . . 4,784.77- 76.14 148.66 73.87
INVESTMENTS
Savings Accounts, Repurchase
Agreements & Certificates of Deposit -0- 4,100.00 27,400.00 38,800.00
Municipals 27,060.28 27,060.29 63,686.54 63,696.54
Cot-porate Bonds . . . . . . . . . . . . . . . 327,061.66 327,061.66 347,195.66 347,195.66
Mutual Funds . . . . . . . . . . . . 211,888.34 211,888.34 241,988.34 241,988.34
TOTAL INVESTNUNTS . . . . . . . . . . . . . . . . 566,010.29 570,110.29 680,280.54 691,680.54
TOTAL CASH & INVESTMENTS . . . . . . . . . . . . . 561,225.54 570,186.43 680,429.20 691,754.41
INAESTMENT ACTIVITY DIKING WE CUJRRENT MONTH:
1, Sold $25,200.00 in Repos
2. Purchased $4,100.00 Repo from Bache @ 12.2.0% to mature 2-8-80
3. Purchased $8,200.00 Repo from Bache @ 12.35% to mature 2-15-80
4. Purchased $8,800.00 Repo from Bache @ 12.90% to mature 2-22-80
1 i i
CITY OF RENTON
FIREMEN' S PENSION BOARD
Regular Meeting
April 8, 1980
r..
Board Members
Barbara Y. Shinpoch, Mayor-Chairman
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept. Rep.
Ray Barilleaux, Alternate Fire Dept. Rep.
The regular meeting of the Firemen 's Pension Board was called to order by
Mayor Barbara Shinpoch, Chairman, at 4:00 p.m. in the sixth floor conference
room of the municipal building. Board members Delores Mead and William Henry
were absent. All other board members were present. Also in attendance were
Gwen Marshall , Finance Director, and Gary Dime, Investment Councellor.
MINUTE APPROVAL
MOVED BY RIGGLE, SECOND CLYMER, TO APPROVE THE MINUTES OF THE REGULAR MEETING
OF MARCH 11 , 1980 AS WRITTEN. CARRIED.
MONTHLY STATEMENT OF CASH AND INVESTMENTS (See Attached Statement)
Monthly report of cash flow activity to March 31 , 1980 was distributed and
filed for record as follows:
1 ) Received $8,058.28 payment on LID #267 Installment Note.
2) Received $402. 17 payment on LID #259 Installment Note.
Mr. Gary Dime, of Dean Witter and Company, the Board's investment councellor,
noted the state law that maximum mutual investments can not be more than 35%
of tot-all funds invested and the need for the board to liquidate a minimum
of $40,000. MOVED BY CLYMER, SECOND RIGGLE, THAT GARY DIME AND WILLIAM E.
BENNETT, DEPUTY FINANCE DIRECTOR, IS HEREBY AUTHORIZED TO LIQUIDATE $40,000
IN MUTUAL FUND INVESTMENTS OF THE FIREMEN' s PENSION FUND AND SEND OUT LIQUIDATION
NOTICES AS NECESSARY, SO AS NOT TO EXCEED MAXIMUM 35% OF TOTAL INVESTMENTS AS
PROVIDED BY LAW WITH REPORT BACK TO BOARD AS TO ACTION TAKEN. CARRIED.
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
March medical bills and April pension payments were distributed and reviewed.
Mr. Jack Haworth was in attendance re his medical expenses in the amount of
$3,620.48 with regards to a recent heart condition. Mr. Haworth explained
his past medical history and submitted discharge summary from St. Frances
Xavier Cabrini llospital noting borderline heart abnormalitv as certified for
Dr. Bockoven, M. D. The board discussed his retirement for eye and possible
prostrate condition. MOVED BY CLYMER, SECOND RIGGLE, TO REFER LETTER OF
DISCHARGE SUMMARY TO CITY ATTORNEY AND THE SECRETARY TO REQUEST ADDITIONAL
INFORMATION FROM CABRINI HOSPITAL. CARRIED. Gwen Marshall , Finance Director,
callyd to the Board's attention leoff Retiree's Pension adjustments effective
4/l/80. MOVED BY RIGGLE, SECOND CLYMER TO APPROVE PAYMENTS OF THE BILLS AND
PENSION PAYMENTS AS SUBMITTED IN TOTAL OF $12,051 .61 EXCLUDING JACK HAWORTH'S BILLS
PEND;NG FURTHER INVESTIGATION. CARRIED.
r..
1
Firemen's Pension Board
Regular Meeting
April 8, 1980
Page Two
As there was no further business to come before the board, it was MOVED BY CLYMER,
SECOND RIGGLE, TO ADJOURN. CARRIED. 4:47 P.M.
Delores A. Mead, City Clerk
Renton Firemen's Pension Board
BY:. C�� �iLl�.sz�Ct —
�Cl4aen Marshall , Finance Director
N
mum
FIREMEN' S PENSION BOARD PAGE 2 APRIL 1980
PENSION PAYMENTS FOR APRIL 1980:
.�.. ALEXANDER, John (Captain) $1 ,320.00
ANDERSON, Mrs. Enza (Widow) 463.53
ANDERSON, T. K. (Fireman) 1 ,014.50
ASHURST, James F. (Asst. Chief) 1 ,417.00
BANASKY, George (Captain) 224.98
CONNELL, Robert (Captain) 153.58
GOODWIN, Charles (Captain) 1 ,320.00
HAWORTH, Mrs. Contance C. (Widow) 811 .34
HAWORTH, Jack (Fireman) 1 ,014.50
HENRY, Paul J. (Fireman) 10.26
HURST, Gerald (Fireman) 101 .66
LAWRENCE, Floyd (Chief) 526. 16
PARKS, John (Fireman) 1 ,033.50
PRINGLE, Sylvia Joan (Widow) 747.25
SHERERTZ, Marvin L. (Battalion Chief) 26.99
STROM, Karl (Fireman) 1 ,014.50
TODD, Franklin L. (Fireman) 119.04
TONDA, Ernest J. (Captain) 49. 17
WALSH, Patrick J. (Captain) 250. 73
TOTAL PENSION PAYMENTS FOR APRIL 1980 $11 ,618.69
TOTAL PENSION PAYMENTS FOR APRIL 1980 $11 ,618.69
TOTAL MEDICAL PAYMENTS FOR MARCH 1980 $ 432.93
TOTAL EXPENSES: Medical/Pension $12,051 .62
TOTAL PENSION PAYMENTS FOR APRIL 1979 $11 ,601 .24
TOTAL MEDICAL PAYMENTS FOR MARCH 1979 $ 4,039.04
TOTAL EXPENSES FOR 1979 $15,640.28
FIREMEN' S PENSION BOARD APRIL 1980
P4
MEDICAL BILLS FOR MARCH 1980:
A & H DRUGS 117969 BEATTEAY $ 12.50 $ 12.50
AUSTIN' S PHARMACY 845329 ANDERSON $ 11 .00 $ 11 .00
BAKER, GORDON P. , M. D. MATTHEW $ 15.00 $ 15.00
COLEMAN, DANIEL H. , M.D. ALEXANDER $122.74 $ 122.74
INTERNATIONAL OPTICAL DISPENSARY 06825 BEATTEAY $ 25.27 $ 25.27
K' S PHARMACY 107322 BANASKY $ 9.25
107055 BERGMAN 8.60
107012 CONNELL 3.35
107325 CONNELL 9. 15
107323 HURST 12.85
107217 LaVALLEY 43.20 $ 86.40
K' S PHARMACY 107206 ALEXANDER $ 22.80
i 107241 ALEXANDER 13.70
106998 PARKS 23.52 $ 60.02
I
MONTEFERING CLINIC, INC. STROM $100.00 $ 100.00
Grays Harbor Community Hospital Haworth $3,620.48%; $3,620.48-
I
TOTAL MEDICAL COSTS FOR MARCH 1980 $ 432.93
'Medical expenses for Jack Haworth not included in figures until Firemen' s Pension Board makes
determination.
�Y
t
i 1 1
CITY OF RENTON - FIRD ENI S PR610N FUNS
CASH & INVESTMENT ACTIVITY REPORT
As of yaRru 31, 1980
Current Month Previous Month Last Yr. CurrentLast Yr. Previous
\V
CASH & IESTMENT ACTIVITY March 1980 Febr. uars- lQ ,0 'Month March 17 MonthFebruary '7
CASH
Beginning Cash Balance . . . . . . . . . . . . $ (4,784.75) $ 76.14 $ (9,170.23) $ 73.87
RECEIPTS:
Revenue . . . . . . . . . . . . . . . 1,504.70 5,418.29 5,944.39 5,794.96
Investments Sold . . . . . . . . . . . . . . . . 8,460.45 25,200.00 165,039.59 114,200.00
DISBURSEMENTS:
Expenditures . . . . . . . . . . . . . . . . . . 13,751.34 14,379.18 13,612.09 17,120.17
Investments Purchased . . . . . . . . . . . . . . -0- 21,100.00 147,600.00 102,800.00
ENDING CASH BALANCE . . . . . . . . . . . . . . . $ (8,570.94) (4,784.75) $ 601.66 $ 148.66
!NVESTIMENTS
Savings Accounts, Repurchase
Agreements & Certificates of Deposit . . . . . . . $ -0- $ -0- $ 62,--00.00 27,400.00
Municipals . . . . . . . . . . . . . . . . . . . . 18,599.84 27,060.29 84,641.55 63,696.54
Corporate Bonds . . . . . . . . . . . . . . . . . 327,061.66 327,061.66 355,750.66 347,195.66
Mutual Funds . . . . . . . . . . . . . . . . . 211,888.34 211,888.34 280,588.34 241,988.34
TOTAL INVESTMENTS . . . . . . . . . . . . . . . . $ 577,549.84 $ 566,010.29 $ 783,280.55 $ 680,280.54
TOTAL CASH & I. E;SI?ONTS . . . . . . . . . . . . . $ 548,978.90 $ 561,225.54 $ 783,882.21 $ 680,429.20
INNESTMENT ACTIVITY DURING THI, CiNRRINT MONTH:
1. Received $8,058.28 payment on LID #267 Installment Vote.
2. Received $ 402.17 payment on LID #259 Installment Vote.
FIREMEN' S PENSION BOARD
Regular Meeting
May 13, 1980
Board Members
Barbara Y. Shinpoch, Mayor-Chairman
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept . Rep.
Ray Barilleaux, Alternate Fire Dept. Rep.
The regular meeting of the Firemen' s Pension Board was called to order by
Mayor Barbara Shinpoch, Chairman, at 4:00 p.m. in the sixth floor conference
room of the municipal building. All board members were in attendance. Also
present was Ted Bennett, Deputy Finance Director.
MINUTE APPROVAL
MOVED BY HENRY, SECOND RIGGLE, TO APPROVE THE MINUTES OF THE REGULAR MEETING
OF APRIL 8, 1980 AS WRITTEN. CARRIED.
MONTHLY STATEMENT OF CASH AND INVESTMENTS (See Attached Statement)
Monthly report of cash flow and investment activity to April 30, 1980 was
distributed and filed for record as follows :
1 ) Received $1 ,583.49 payment on LID #271 Installment Note.
2) Refunded $1 ,656.89 overpayment on LID #267 Installment Note.
3) Sold $40,000.00 of the Mutual Funds.
4) Sold $42,000.00 in Repo' s.
5) Purchased $21 ,000.00 Repo from Bache @ 13.00% to mature 4/28/80.
6) Purchased $21 ,000.00 Repo from Bache @ 13.25% to mature 4/30/80.
7) Purchased $21 ,000.00 Repo from Bache @ 12.75% to mature 5/5/80.
Upon inquiry regarding investments, Mr. Bennett reported sale of mutuals as
previously directed by the Board to maintain 35% legal maximum and other
subsequent investments, noting interest rates still holding and anticipated
to continue for the near future as best can be contemplated by investment
company reports.
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
List of April medical bills and May pension payments was distributed and
reviewed. MOVED BY HENRY, SECOND RIGGLE, TO APPROVE THE MONTHLY BILLS AND
PENSION PAYMENTS AS SUBMITTED. CARRIED.
Pending bills of retired Fireman Jack Haworth in the sum of $3,620.48 were
recalled. Letter from Ralph L. Morris , M.D. , secured by Fireman Haworth, was
presented by Fireman Henry and read. Dr. Morris reviewed discharge summary
dated February 11 , 1973 from St. Xavier Cabrini Hospital and stated that
electrocardiogram taken during that admission was showing frequent PVC ' s and
tow amplitude T waves, suggestive of early strain pattern, usually indicating
underlying heart disease. He opined that coronary artery disease is a likely
mom cause of ECG changes and therefore it was his belief that the electrocardiogram
did evidence coronary disease and since it requires years to become become
fairly manifest, it was probable that the condition existed even earlier than
1970/1971 .
Firemen' s Pension Board
May 13, 1980
Page Two
During ensuing discussion 1971 pre-operative physical exam, x-rays and discharge mod
summary reports were reviewed, wherein it was indicated the fireman was in good
health except his visual loss and the heart was within normal limits.
Fireman Henry advised of discussion with Seattle Pension Board chairman who advised
they do not pay any bills which are not for the specific disability for which
retirement was granted as it would illegal according to law. Fireman Henry felt,
however, if the condition had existed, he would like to see the bills paid. The
secretary suggested a change in the law would be necessary to allow like benefits
to retirees as are enjoyed by the LEOFF members . The board discussed further
obligations if precedent is otherwise establised.
It was suggested that the secretary secure expert medical opinion from a heart
specialist and subsequent opinion from the city attorney for further board
consideration, Doctor Lwai on Talbot Rd. a possible contact for such purpose
or someone from Cabrini Hosp. or Dr. Hartwig.
CORRESPONDENCE
Letter from Del Mead, secretary, advised of action required at this time, pursuant
to RCW 41 . 18. 104 to adjust pension benefits for retiree Lawrence and the widows,
such annual increase to be based upon the CPI for the Seattle area and payable
July 1 , 1980.
The Consumer Price Index is now published bi-monthly instead of quarterly , however,
no index is available for December; thus index point differences must be computed
per formula provided by the U.S. Dept. of Labor. Some cities have simply used
the national yearly average of CPI percentages, which results in 10.4%, however,
that does not comply with the state statutes. The increase as computed from 1979
urban wage earners and clerical workers for the Seattle area realistically
represents the CPI percentages within the intent of the law. Increase and results
in cost of living increase of 12.5% (see tabulation attached) .
MOVED BY HENRY, SECOND RIGGLE, TO GRANT 12.5% INCREASE TO RETIREE AND WIDOWS AS
APPLICABLE, EFFECTIVE JULY 1 , 1980. CARRIED.
OLD BUSINESS
Fireman Henry presented Asst. State Examiner' s interputation of RCW 41 . 16.060 and
called attention to audit finding concerning annual statutory levy of tax dollars
mandated to maintain soundness of the firemen' s pension fund, based on 1978 actuary
study.
It was noted 1978 audit report recommends 19t per $1 ,000 of assessed value be
deposited in the pension fund, city' s intent to deposit funds in the future
indicated. Attention was called to the new evaluation of properties now over
one billion dollars, which would result in an unrealistic dollar amount that could
not be diverted by the city. Contributions to the fund as allocated in 1980
along with deletion of medical and dental insurance premium payments was discussed,
the Mayor noting no determination yet made regarding future budgetary allocations.
No
75
Firemen' s Pension Board
May 39
1 1980
Page Three
Board member '
Clymer requested copy of the Examiner's finding prior to any request
being made before board action.
As Lhere was no further business Co come before Che board, it was MOVED BY
CLYMER, SECOND HENRY, TO ADJOURN. CARRIED. 4:52 p.m.
Delores A. Mead, City CI&k
Renton Firemen's Pension Board
FIREMEN' S PENSION BOARD MAY 1980
MEDICAL BILLS FOR APRIL 1980:
A & H DRUGS 833770 BEATTEAY $23.95
520917 COLUMBI 16.65
520932 COLUMBI 4.60
833492 COLUMBI 12.95 $ 58. 15
A & H DRUGS 520876 RIGGLE $15.90
520840 SCHNEIDER 8.75 $ 24.65
BAKER, GORDON P. , M.D. MATTHEW $15.00 $ 15.00
BARTELL DRUGS 923043 VACCA $10.95 $ 10.95
BUELL, GUY V. , M.D. BELL $53.00 $ 53.00
CORNELL' S VALLEY PHARMACY 9737 BARILLEAUX $12.40
9613 BERGMAN 6.55
9146 BERGQUIST 37.60
9915 NICHOLS 7.40
9571 WALSH 10. 15
9152 WALSH 12.25 $ 86.35
HARTWIG, JAMES H. , M. D. COLOMBI $ 8.00 $ 8.00
K' S PHARMACY 107342 ALEXANDER $84.20
107487 ALEXANDER 65.95
107596 ALEXANDER 2.85
107774 ALEXANDER 16.75
107413 PARKS 25.05 $194.80
K' S PHARMACY 107407 BERGMAN $13.30
107439 COFFIN 6.75
107455 CONNELL 22. 18
107708 HURST 8.55
107712 McINNIS 4.75
107560 NEWTON 7.35
107745 PHILLIPS 25.55
107445 RUPPRECHT 9.85
107482 TODD 59.70 $157.98
MODDE, P.J . , M.D. VACCA $ 9.00 $ 9.00
VALLEY GENERAL HOSPITAL BELL $14.00 $ 14.00
TOTAL MEDICAL COSTS FOR APRIL 1980: $631 .88
KING COUNTY MEDICAL COSTS:
January $504.00
February $504.00
March $504.00
April $504.00 $2,016.00
TOTAL MEDICAL COSTS $2,647.88
FIREMEN' S PENSION BOARD PAGE 2 MAY 1980
PENSION PAYMENTS FOR MAY 1980:
ALEXANDER, John (Captain) $1 ,320.00
ANDERSON, Mrs. Enza (Widow) 463.53
dim" ANDEKSON, T. K. (Fireman) 1 ,014.50
ASHURST, James F. (Asst. Chief) 1 ,617.00
BANASKY, George (Captain) 224.98
CONNELL, Robert (Cap Win) 153,58
GOODWIN, Charles (Captain) 1 ,320.00
HAWORTH, Mrs. Constance C. (Widow) 811 .34
HAWORTH, Jack (Fireman) 1 ,014.50
HENRY, Paul J. (FiresfighCer) 10.26
HURST, Gerald (Fireman) 101 .66
LAWRENCE, Floyd (Chief) 526. 16
PARKS, John (Fireman) 1 ,033.50
PRINGLE, Sylvia Joan (Widow) 716. 78
SHERERTZ, Marvin L. (Battalion Chief) 258.99
STROM, Karl (Fireman) 1 ,014.50
TODD, Franklin, L. (Fireman) 119.04
TONDA, Etnest J. (Captain) 49. 17
WALLS, M.C. (Battalion Chief & Chief) 126.21
WALSH, Patrick J. (Captain) 250.73
TOTAL PENSION PAYMENTS FOR MAY 1980 $12, 146.43
-Renton City Council action of 4/21/80 concurred in the Mayor's request to adjust
Fire Management pay differential and to extend Fire Union longevity to Fire
Management personnel . Adjustment is retroactive to January 1 , 1980.
TOTAL PENSION PAYMENTS FOR MAY 1980 $12, 146.43
TOTAL MEDICAL PAYMENTS FOR APRIL 1980 2,647.88
TOTAL EXPENSES: Medical/Pension $14,794.31
Reminbursement to Current Fund/Clerical Account Services
for Period of January 1 , 1980 to March 31 , 1980 $ 385.27
Office Supplies Purchased $ 120.74
------------------------------
TOTAL PENSION PAYMENTS FOR MAY 1979 $11 ,375.79
TOTAL MEDICAL PAYMENTS FOR APRIL 1979 $ 3 ,881 .35
TOTAL EXPENSES: Medical Pension for 1979 $15,257.35
1
CITY OF RENTON - FIRLMNIS PENSION FUND
CASH & I\1`EST,\0NT ACTIVITY REPORT
As of APRIL 30, 1980
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH & INVEST,\MNT ACTIVITY April 1980 March 1980 Month April 1979 Month March 1979
CASH
Beginning Cash Balance . . . . . . . . . . . . . . $ (8,570.94) $ (4,784.75) $ 135.92 $ 148.66
RECEIPTS:
Revenue . . . . . . . . . . . . . . . . . . . . . 3,251.18 1,504.70 3,201.72 2,555.77
Investments Sold . . . . . . . . . . . . . . . . 83,583.49 8,460.45 105,033.27 162,650.65
DI SBURSDIENTS:
Expenditures . . . . . . . . . . . . . . . . . . 13,147.23 13,751.34 19,148.60 16,219.16
Investments Purchased . . . . . . . . . . . . 64,656.89 -0- 88,900.00 149,000.00
ENDING CASH B.11ANCE . , . 0 . . . . . . . 0 0 $ 459.61 $ (8,570.94) $ 322.31 $ 135.92
INVESTMENTS
Savings Accounts, Repurchase
Agreements & Certificates of Deposit o $ 21,000.00 $ -0- $ 15,300.00 $ 30,100.00
Municipals . . . . . . . . . . . . . . . . . . . . 18,673.24 18,599.84 46,012.62 47,345.89
Corporate Bonds . . . . . . . . . . . . . . 327,061.66 327,061.66 347,195.66 347,195.66
Mutual Funds . . . . . . . . . . . . . . 171,888.34 211,888.34 241,988.34 241.988.34
TOTAL INVESTMBTS . . . . . . . . . . . . . . . . $ 538,623.24 $ 557,549.84 $ 650,496.62 $ 666,629.89
TOTAL CASH & LWESTMENTS . . . . . . . . . . . . . $ 539,082.85 $ 548,978.90 $ 650,818.93 $ 666,765.81
INVESTMENT ACTIVITY DURING THE CURRENT MONTH:
1. Received $1,583.49 Payment on LID #271 Installment Note.
2. Refunded $1,656.89 Overpayment on LID =267 Installment Note.
3. Sold $40,000.00 of the Mutual Funds.
4. Sold $42,000.00 in Repo's.
5. Purchased $21,000.00 Repo from Bache @ 13.00% to Mature 4/28/80.
6. Purchased $21,000.00 Repo from Bache @ 13.25% to Mature 4/30/80.
7. Purchased $21,000.00 Repo from Bache @ 12.75% to Mature 5/5/80.
O�
THE CITY OF RENTON
r� MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON, WASH. 98055
ngin-- rn BARBARA Y. SHINPOCH, MAYOR ® DELORES A. MEAD
0 CITY CLERK
09gTE0 SEP1E0'Z;P
May 8, 1g80
Members of Firemen' s Pension Board
Municipal Building
Renton, WA 98055
RE: Cost of Living Percentage Increase on Retirement
and Widows ' Pensions Payable July 1 , 1980
Dear Board Members:
R.C.W. 41 . 18. 104 (copy attached) provides that the Pension Board shall
meet after March 31st and prior to June 30th for the purpose of adjusting
benefit allowances to provide for annual increase, based upon the percen-
tage increase in the Consumer Price Index for the Seattle Area.
The increase was figured as follows:
CPI 225.50
Less previous index 200.40
Equals index point change: 25. 10
Percent Change
Index point difference 25. 10
Divided by the previous index 200T
Equals: 0. 125249
Results multiplied by one hundred 0. 125249 x 100
Equals percent change 12.524g00
or
12.5
In order to give the Finance Department some lead time for processing
the pension increases, the Board should take action on the matter at
this meeting.
Yours very truly,
CITY OF REN/TON
I ul• 7fwL
Delores A. Mead, C.M.C.
�,.. City Clerk
DAM/st
FIREMEN' S PENSION BOARD
Regular Meeting
June 10, 1980
Bud
Board Members
Barbara Y. Shinpoch, Mayor-Chairman
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept. Rep.
Ray Barilleaux, Alternate Fire Dept. Rep.
The regular meeting of the Firemen' s Pension Board was called to order by
Mayor Barbara Shinpoch, Chairman, at 4:00 p.m. in the sixth floor conference
room of the municipal building. Alternate fire department member Bari Ileaux
was present in the absence of fireman Bill Henry. All other board members were
present , Councilman Clymer arriving shortly after the meeting convened.
MINUTE APPROVAL
MOVED BY RIGGLE, SECOND BARILLEAUX, TO APPROVE THE MINUTES OF THE REGULAR
MEETING OF MAY 13, 1980 AS WRITTEN. CARRIED.
MONTHLY STATEMENT OF CASH AND INVESTMENTS (See Attached Statement)
Monthly report of cash flow and investment activity to May 31 , 1980 was
distributed and filed for record as follows:
1 ) Received $2,977. 15 payment on LID #264 Installment Note
2) Sold $87,200.00 in Repos r..
3) Purchased $21 ,400.00 Repo from Bache @ 11 .25% to Mature 5-9-80.
4) Purchased $24,000.00 Repo from Bache @ 9. 15% to Mature 5-16-80.
5) Purchased $6,500.00 Repo from Bache @ 9.00% to Mature 5-16-80.
6) Purchased $14,300.00 Repo from Bache @ 10.00% to Mature 5-30-80.
7) Purchased $32,000.00 Certificate of Deposit from Queen City Savings
& Loan @ 11 .25% to Mature 7-18-80.
8) Purchased $3,900.00 Repo from Bache 9.25% to Mature 6-20-80.
9) Purchased $14,300.00 Repo from Bache 9.50% to Mature 6-13-80.
Falling interest rates on investments were noted and fireman Riggle called
attention to current fund balance approximately $101 ,000 less than May of last
year.
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
List of May medical bills and June pension payments was distributed. Letter
was read from Joan Pringle, Finance Department, submitting State Auditor's
interpretation of the statutes stating city error in method of applying annual
cost of living increases for three widows and one non-service disability
pensioner who are covered under the old pension system, RCW 41 . 16. 145 (not
effected escalator clause) who receive increases in July of each year. Finance
Department advises pensions have been computed on a cumulative basis rather
than by compounding. The auditor was asked to research the law. He returned
finding that cost of living increase should have been applied to current
pension-compounded-not the base salary. The corrections have been computed
for the four pensioners affected and retroactive in totalsun of $8,007.60, .w
per exhibit attached.
Firemen' s Pension Board
June 10, 1980
Page Two
�- Following discussion it was MOVED BY RIGGLE, SECOND BARILLEAUX, TO REFER THE
MATTER TO THE CITY ATTORNEY FOR LEGAL OPINION AS TO WHETHER HIS INTERPRETATION
OF THE RCW 41 . 16. 145 IS IN AGREEMENT WITH THE AUDITOR'S RECOMMENDATION AND IF
APPROVED, ADJUSTMENT PAYMENTS BE PROCESSED ACCORDINGLY. CARRIED. MOVED BY
BARILLEAUX, SECOND RIGGLE, TO OTHERWISE APPROVE THE MONTHLY BILLS AND PENSION
PAYMENTS AS SUBMITTED. CARRIED.
OLD BUSINESS
Opinion letter from City Attorney, Larry Warren, was read regarding payment of
medical bills for retired Fireman Jack Haworth who had submitted bills to the
Board for emergency coronary hospitalization services in the sum of $3,620.48.
AGO-1967-No. 28,cited RCW' s 41 . 16 & 41 . 18 which require that the municipal
pension board provide medical services and care in connection with disability
for which a fireman was retired as long as the disability exists. The attorney's
letter indicated Mr. Haworth was apparently not sufficiently disabled by his
heart condition at the time of his initial disability application to be retired
for that condition, other causes existing that required his disability retirement;
and once public employment had ceased any right to claim under such disability
likewise ceased. If the disability became more pronounced, it could not at a
later date be the basis for a disability retirement under the relevant statutes.
MOVED BY CLYMER, SECOND RIGGLE, TO ADVISE MR. HAWORTH THAT UPON ADVICE OF THE CITY
ATTORNEY THE BOARD HAS NO LEGAL AUTHORITY TO COMPLY WITH HIS REQUEST FOR PAYMENT
OF MEDICAL BILLS FOR HIS HEART CONDITION, THE BOARD UNABLE TO PROVIDE MEDICAL
COVERAGE FOR DISABILITY OTHER THAN FOR WHICH HE WAS RETIRED. CARRIED.
p-» Pursuant to state auditor' s interpretation of provision of RCW 41 . 16.06 regarding
annual statutory levy for the Firemen' s Pension Fund, and Attorney's memo, the
board secretary inquired concerning actuarial study. Firemen Board members
indicated they did not feel the Board should fund a new study having funded
one in 1975 and again in 1978. It was noted the matter would be considered
during budget process by the Mayor and Council .
As there was no further business to come before the board, it was MOVED
BY RIGGLE, SECOND BARILLEAUX, TO ADJOURN. CARRIED. 4:28 p.m.
Delores A. Mead, Ci(Ly Clerk
Renton Firemen's Pension Board
MEDICAL BILLS FOR MAY 1980:
BARTELL' S 923112 VACCA $ 5.30 $ 5.30
BOCKOVEN, ROBERT C. , M.D. HAWORTH $ 55.00 $ 55.00
COLUMBIAN OPTICAL CO. PHILLIPS $131 . 15 $131 . 15
CORBIN, DR. F.L. 40097 TONDA $ 12.00 $ 12.00
GREEN & JACKSON DRUG 35222 WILLIAMS $ 42. 15
48042 WILLIAMS 16.65 $ 58.80
K' S PHARMACY 107880 ALEXANDER $ 23.55
108184 ALEXANDER 49.60
107798 PARKS 23.30
108043 PARKS 15.55 $112.00
K' S PHARMACY 107790 CONNELL $ 9. 15
108081 CONNELL 21 .92
107960 EAGER 11 .20
107808 HENRY 39.80
108036 LARSON 13.95
107860 LaVALLEY 34.20
107796 RUPPRECHT 4.95
107918 RUPPRECHT 4.95 $140. 12
MASON CLINIC COLOMBI $ 16.00', $16.00-
MONTEFERING CLINIC STROM $ 75.00 $ 75.00 ....
SPRINGBROOK HEALTH & DRUG SUPPLY HAWORTH $ 28.07 $ 28.07
SUNSET PLAZA CHIROPRACTIC CLINIC McINNIS $ 14.00 $ 14.00
SWEDISH HOSPITAL ALEXANDER $ 21 .00
Coleman, Daniel H. M.D. 31 .90
Heath Bldg. Radiologists 10.00
Arnold Pavillion Radiologists 4.80
Heilpern 2.40
National Health Laboratories 2. 16
Physicians Anesthesia Service 32. 16
Ortho International 9.60 $114.02
TSOI , ANDREW, M.D. McINNIS $ 2.00 $ 2.00
TOTAL MEDICAL COSTS FOR MAY 1980: $763.46
King County Medical Costs for May 1980 $504.00 $504.00
TOTAL MEDICAL COSTS: $1 ,267.46
wr
*Leoff form pending.
83
FIREMEN' S PENSION BOARD PAGE 2 MAY 1980
PENSION PAYMENTS FOR JUNE 1980:
ALEXANDER, John (Captain) $1 ,320.00
ANDERSON, Mrs. Enza (Widow) 1 ,669. 17-
ANDERSON, T. K. (Fireman) 1 ,014.50
ASHURST, James F. (Asst. Chief) 1 ,457.00
BANASKY, George (Captain) 224.98
CONNELL, Robert (Captain) 153.58
GOODWIN, Charles (Captain) 1 ,320.00
HAWORTH, Mrs. Constance C. (Widow) 2,671 .58^
HAWORTH, Jack (Fireman) 1 ,014.50
HENRY, Paul J. (Fireman) 10.26
HURST, Gerald (Fireman) 101 .66
LAWRENCE, Floyd (Chief) 3, 193.88-
PARKS, John (Fireman) 1 ,033.50
PRINGLE, Sylvia Joan (Widow) 3,259.46-
SHERERTZ, Marvin L. (Battalion Chief) 73.39
STROM, Karl (Fireman) 1 ,014.50
TODD, Franklin L. (Fireman) 119.04
TONDA, Ernest J. (Captain) 49. 17
WALSH, Patrick J. (Captain) 250.73
TOTAL PENSION PAYMENTS FOR JUNE 1980 $19,950.90
*Pension adjustment for widows and non-service connected disability pensioner
under old pension system per state auditor. (See state auditor's recommendation
attached. )
TOTAL PENSION PAYMENTS FOR JUNE 1980 $19,950.90
TOTAL MEDICAL PAYMENTS FOR MAY 1980 1 ,267.46
TOTAL EXPENSES: Medical/Pension $21 ,218.36
TOTAL PENSION PAYMENTS FOR JUNE 1979 $11 ,375.79
TOTAL MEDICAL PAYMENTS FOR MAY 1979 5,349.46
TOTAL EXPENSES: Medical/Pension for 1979 $16,725.25
CITY OF RENTON - FIMENI S PENISION FUND
CASH & INVESTMBT ACTIVITY REPORT
As of May 31, 1980
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH & INVESTMENT ACTIVITY May April Month May 1979 Month April 1979
CASH
Beginning Cash Balance . . . . . . . . . . . . . . $ 459.61 $ (8,570.94) $ 322.31 $ 135.92
RECEIPTS:
Revenue . . . . . . . . . . . . . . . . . . . 39,522. 34 3,251.18 31,611.29 3,201.72
Investments Sold . . . . . . . . . . . . . . . . 90,177.15 83,583.49 85,273.53 105,033.27
DISBURSEMENTS:
Expenditures . . . . . . . . . . . . . . . . . . 13,667.58 13,147.23 15,551.31 19,148.60
Investments Purchased . . . . . . . . . . . . . . 116,400.00 64,656.89 100,600.00 88,900.00
ENDING CASH BALANCE . . . . . . . . . . . . . . . $ 91.52 $ 459.61 $ 1,055.82 $ 322.31
INVESTMENTS
Savings Accounts, Repurchase
Agreements & Certificates of Deposit . . . . . . . $ 50,200.00 $ 21,000.00 $ 32,000.00 $ 15,300.00
Municipals . . . . . . . . . . . . . . . . . . . 15,696.09 18,673.24 44,639.09 46,012.62
Corporate Bonds . . . . . . . 327,061.66 327,061.66 347,195.66 347,195.66
Mutual Funds . . . . 0 . . . 171,888.34 171,888.34 241,988.34 241,988.34
TOTAL INVESTMENTS . o $ 564,846.09 $ 538,623.24 $ 665,823.09 $ 650,496.62
TOTAL CASH & INVESTMENTS . . . . $ 564,937.61 $ 539,082.85 $ 666,878.91 $ 650,818.93
INVESTMENT ACTIVITY DURR`G THE CURRENT MONTH:
1. Received $2,977.15 payment on LID #264 Installment Note
2. Sold $87,200.00 in Repos
3. Purchased $21,400.00 Repo from Bache @ 11.25% to Mature 5-9-80
4. Purchased $24,000.00 Repo from Bache @ 9.15% to Mature 5-16-80
5. Purchased $6,500.00 Repo from Bache @ 9.00% to Mature 5-16-80
6. Purchased $14,300.00 Repo from Bache @ 10.00% to Mature 5-30-80
7. Purchased $32,000.00 Certificate of Deposit from Queen City Savings & Loan @ 11.25% to Mature 7-18-80
8. Purchased $3,900.00 Repo from Bache @ 9.25% to Mature 6-20-80
9. Purchased $14,300.00 Repo from Bache @ 9.50% to Mautre 6-13-80
OF
e. o THE CITE' OF RENT®N
MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON, WASH. 98055
... Z
o BARBARA Y. SHINPOCH, MAYOR 0 GWEN E. MARSHALL, DIRECTOR
_% `O' FINANCE DEPARTMENT
0
9gTFp SEPIE�O�P
M E M O R A N D U M
TO: MAYOR SHINPOCH, CHAIRMAN DATE: JUNE 10, 1980
FIREMEN'S PENSION BOARD
MEMBERS OF THE PENSION •BOARD
FROM: FINANCE DEPARTMENT (Joan Pringle)
SUBJ: PENSION ADJUSTMENT FOR WIDOWS AND NON—SERVICE CONNECTED DISABILITY
PENSIONER UNDER OLD PENSION SYSTEM PER STATE AUDITOR (1974 AMENDMENTS
TO RCW 41.16.145). SEE STATE AUDITOR'S RECOMMENDATION ATTACHED.
There has been question on the computation of pensions for 3 widows and 1 non—
service connected disability pensioner covered under- the old pension system;
those not affected by the Escalator Clause, receiving their cost—of—living
increase in July of each year, as set forth by the pension board.
The pensions have been computed on a cumulative basis rather than by compounding,
.�, which means the cost—of—living increase was applied to the base salary, then added
to the current pension. We asked our State Auditor to research this complicated
law and the answer was that the cost—of—living increase should have been applied
on the current pension (compounded) per the 1974 Amendments to RCW 41.16.145.
In order to correct this, we have gone back to July 1974 (when the amendment
became effective) and given the difference between the cumulative method and the
compounding method. Retroactive amounts due and the adjusted June pensions are
as follows:
RETROACTIVE ADJUSTED
PENSIONER PENSION DUE 6/80 PENSION
Enza Anderson $ 1,163.50 $505.67 (was $463.53)
Connie Haworth $ 110792.1,3 $879.15 (was $811.34)
Floyd Lawrence $ 2,589.05 $604.83 (was $526.16)
Joan Pringle $ 2,462.62 $796.84 (was $716.78)
._ $ 8,007.6o $2,786.49 $2,517-81
Refer to individual June 1980 pension bills for computations.
t
3. The City Officials Should Compute Retired Firemen's L_ension
Cost-of-Living In Accordance With Provisions Of RCW 41..16.145
As Amended
City officials are computing the cost-of-living increase payable to
retirees in accordance with Section 38, Chapter 209, laws of 1969,
First Extraordinary Session, (RCW 41.16.145) and not in accordance
to the amended Section 1, Chapter 190, Laws of 1974 First Extra-
ordinary Session.
City officials have continued to compute the cost-of-living
increase on the base retirement allowance without compounding the
increases. This method is in accordance with provisions of the old
law, Section 38, Chapter 209, Laws of 1969, First Extraordinary
Session (creating RCW 41.16.145) which provided that:
"The present benefits payable . . . at the effective date of
this 1969 amendatory act shall be increased two percent each
year using as a basis for such two percent increase, the
amount of present benefit paYahle and not the amount of Lite
future benefit payable . . . Each year effective with the July
payment all benefits specified herein, shall be increased two
percent as authorized by this section. This benefit increase
shall be paid monthly as part of the regular peusion paymeuL
and shall be cumulative but not compounded." (Emphasis our::)
We note that AGO 1914 No. 5, dated February 11, 19/4, interprets
Section 38, Chapter 2U9, Laws of 1969, First ]Extraordinary Session
(RCW 41.16.145) to fix the cost-of-living computation base as the
amount payable July 1, 1969 and that annual two percent increases
could noL be compounded.
1 Subsequently, in April 1974, the Washington State Legislature
enacted Section1, Chapter I,q�A,. Laws of 1974, Fi.rnt Extraordinary
Session, amending Section 38, Chapter 209, Laws of 1969, First
Extraordinary Session, which was approved by the. Governor ou may 6,
1974. This amendment deleted the requirement of "using as a basis
for such two percent increase the amount of preseuL benefit payable
and not the amount of the future benefit payable . . . ." This
amendment also deleted the prohibition that annual two percenL
benefit increases could "not be compounded."
RCW 41.16.145, following the 1974 and 1975-76 amendments, states in
part.
". . . The local board shall determiue the increase in the
consumer price index between January 1st and December 31st of
the previous year and increase in dollar amount the benefits
payable subsequent to July 1st of the year in which said board
makes such determination by a dollar amount proportionate to
the increase in the consumer price index: Provided, That
regardless of the change in the consumer price index, such
increase shall be at least two percent each year such adjust-
ment is made.
Each year effective with the July payment all benefits
specified herein, shall be increased by this section. This
benefit increase shall be paid monthly as part of the regular
pension pr,yment and shall b: cumulative."
The city's method of computing the cost-of-living increase in
benefits payable does not give retired firemen the true increase
intended by the State Legislature in their 1974 amendment to RCW
41.16.x_.
We recommend that city officials comply with the provisions of RCW
41.16.145 as amended. now
FIREMEN' S PENSION BOARD
Regular Meeting
July 8, 1980
Board Members
Barbara Y. Shinpoch, Mayor-Chairman
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept. Rep.
Ray Barilleaux, Alternate Fire Dept. Rep.
The regular meeting of the Firemen's Pension Board was called to order by
Mayor Barbara Shinpoch, at 4:00 p.m. in the sixth floor conference room of
the Municipal Building. Fireman Riggle was absent, alternate Barilleaux unable
to attend due to fire training classes.
MINUTE APPROVAL
MOVED BY HENRY, SECOND CLYMER, TO APPROVE THE MINUTES OF JUNE 10, 1980 AS
WRITTEN. CARRIED.
MONTHLY STATEMENT OF CASH AND INVESTMENTS (See Attached Statement)
Monthly report of cash flow and investment activity to June 30, 1980 was
distributed and filed for record as follows:
1 ) Received $979.55 payment on LID #268 Installment Note
2) Sold $50,800.00 in Repos
3) Purchased $3, 100.00 Repo from Bache 8.625 to mature 6/20/80
4) Purchased $22,300.00 Repo from Bache 8. 125% to mature 6/27/80
.... 5) Purchased $11 ,000.00 Certificate of Deposit from First Federal S & L
9.25% to Mature 7/18/80
6) Purchased $7,200.00 Repo from Bache 8.35% to mature 6/27/80
7) Purchased $8,400.00 Repo from Bache 8.35% to mature 7/11/80
Drastic down trend in interest rates was noted.
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
List of June bills and July pension payments in total amount of $14,307.38 was
distributed. Attention was called to final pro-rated payment to the estate of
deceased widow, Orpha McDonald. MOVED BY HENRY, SECOND CLYMER, AUTHORIZE PAYMENT
OF THE MONTHLY BILLS AND PENSION BENEFITS AS PRESENTED. CARRIED.
NEW BUSINESS - 1981 Budget
Copy of the 1981 proposed preliminary budget were distributed to the pension
board for review. Mayor Shinpoch reported allocation of $109,409 into the
pension fund in an effort to reduce the declining fund balance and to provide
adequate revenue to support expenditure of the fund, so as to leave the principal
in tact with right reserve; however, to reduce the taxes in event revenues are
less than anticipated.
The need to stabilize and rebuild the fund was a concensus acknowledgement.
Line items were reviewed. The total budget is sum of $197,409.00• Eight retirees
%mom and three widows receive total pensions and twelve LEOFF retirees receive some
pension payments where city pension would exceed LEOFF pension . After some
Firemen' s Pension Board
July 8, 1980
Page Two
discussion, Fireman Henry advised that the absent fireman might want to comment.
He was advised the deadline for filing the budget is July 28th and the Mayor and/
or Finance Director could be contacted prior to that date for questions or conrnents.
MOVED BY HENRY, SECOND CLYMER, To GIVE TENTATIVE APPROVAL To THE PRELIMINARY
BUDGET AS PRESENTED. CARRIED.
As there was no further business to come before the board, it was MOVED BY
HENRY, SECOND CLYMER TO ADJOURN. CARRIED. 4:45 P.M.
Delores A. Mead, City Clerk
Renton Firemen' s Pension Board
.rr
FIREMEN' S PENSION BOARD JULY, 1980
MEDICAL BILLS FOR JUNE 1980
A & H DRUGS 06810 Beatteay $4.30; $15.20; $6.55
ALLERGY CLINIC 01930 Berquist $25.00
AUSTIN REXALL PHCY 06840 Anderson $12. 10; $12. 10
Walsh $6.05; $5.30
D. H. COLEMAN, M.D. 16630 Alexander 57.50; $7.00; $25.50; $5.60
GREEN & JACKSON DRUG 31370 Williams $39. 10
J. J. HARTWIG, M.D. 32880 Hall , Talmon $10.00
R. HEILPERN, M.D. 01800 Alexander $7.40; $37.00
K' s PRESC. PHARM. 40080 Connell $9. 15
LaValley $43.85
Parks $7.80
MONTEFERING CLINIC 78660 Strom $120.00
PAY'N SAVE CORP. 60660 Bell $11 .63
Moeller $5.41
SUMMIT MADISON MED 78820 Alexander $7.50; $28.00
TOTAL MEDICAL COSTS FOR JUNE 1980
$459.04
King County Medical Costs for June 1980 504.00
TOTAL MEDICAL COSTS $963.04
PRINTING COSTS FOR JUNE 1980
153 Copies @.05� ea, 02269 Finance $7.65
TOTAL PRINTING COSTS FOR JUNE 1980 $ 7.b5
. y
F;REMEN' S PENSION BOARD JULY, 1980
PENSION PAYMENTS FOR JULY, 1980
ALEXANDER, John (Captain) $1 ,320.00
ANDERSON, Mrs. Enza (Widow) 568.88 --
ANDERSON, T.K. (Fireman) 1 ,014.50
ASHURST, James F. (Asst. Chief) 1 ,457.00
BANASKY, George (Captain) 224.98
CONNELL, Robert (Captain) 153.58
GOODWIN, Charles (Captain) 1 ,320.00
HAWORTH, Mrs. Constance C. (Widow) 989.04
HAWORTH, Jack (Fireman) 1 ,014.50
HENRY, Paul J. (Fire Fighter) 10.26
HURST, Gerald (Fireman) 101 .66
LAWRENCE, Floyd (Chief) 680.43
MCDONALD, Mrs. Orpha/Estate of (Deceased) 1 ,021 .09-
PARKS, John (Fireman) 1 ,033.50
PRINGLE, Sylvia Joan (Widow) 891 .25
SHERERTZ, Marvin L. (Battalion Chief) 73.39
SMI-'H, Leroy (Fire Fighter) 29. 19
STROM, !Carl (Fireman) 1 ,014.50
TODD, Franklin L. (Fireman) 119.04
TONDA, Ernest J. (Captain) 49. 17
WALSH, Patrick J. (Captain) 250.73
TOTAL PENSION PAYMENTS FOR JULY, 1980 $13,336.69
-Pension adjustment for the Estate of deceased Mrs. Orpha McDonald.
TOTAL PENSION PAYMENTS FOR JULY, 1980 $13,336.69
TOTAL MEDICAL PAYMENTS FOR JUNE, 1980 963.04
TOTAL PRINTING PAYMENTS FOR JUNE, 1980 7.65
TOTAL EXPENSES: Medical/Pension/Printing $14,307.38
TOTAL PENSION PAYMENTS FOR JULY, 1979 $11 ,575.84
TOTAL MEDICAL PAYMENTS FOR JUNE, 1979 4,123.28
TOTAL EXPENSES: Medical/Pension $15,699. 12
REIMBURSEMENT FOR SERVICES $ 819.55
f f f
CITY OF RFD�T'A ON — FIR MI'S PENSION FUND
CASH & Iii LSTMENT ACTIVITY REPORT
As of June 30, 1980
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH & INVESTINMT ACTIVITY June 1 g2n Vay 1 9R Month June 1979 Month May 1979
CASH
Beginning Cash Balance . . . . . . $ 91 .52 $ 459.61 $ 19055.82 $ 322.31
RECEIPTS:
Revenue . . . . . . . . 22,119.09 39,522.34 4,588.08 31 ,611 .29
Investments Sold . . . . . . . . . . . . . 51 ,779.55 90,177.15 88,090.08 85,273.53
DISBURSDENTS:
Expenditures . . . 21 ,218.36 13,667.58 16,693.25 15,551 .31
Investments Purchased 52,000.00 116,400.00 75,300.00 100,600.00
ENDING CASH B_U ANCE . . . $ 771 .80 $ 91 .52 $ 1 ,740.73 $ 1 ,055.82
INVEMMWS
Savings Accounts, Repurchase
Agreements & Certificates of Deposit . . . . . . $ 51 ,400.00 $ 50,200.00 $ 20,000.00 $ 32,000.00
Municipals . . . . . . . . . . . . . . . . . . • 14,716.54 15,696.09 43,849.01 44,639.09
Corporate Bonds . . . . . . . . . . . . • 327,061 .66 327,061 .66 347,195.66 347,195.66
Mutual Funds . . . . . . . . . . . . . . . . . • 171 ,888 ,4 171 ,888.34 241 ,988.34 241 ,988.34
TOTAL INVESMNTS . . . . . . . . . $ 565,066.54 $ 564,846.09 $ 653,033.01 $ 665,823.09
TOTAL CASH & LN-VESPENITS . . . . • • $ 565,838.34 $ 564,937.61 $ 654,773.74 $ 666,878.91
INVESTMENT ACTIVITY DURING THE CURRONT MONTH:
1 , Received $979.55 payment on LID 7#268 Installment Note
2, Sold $50,800.00 in Repos
3. Purchased 53,100.00 Repo from Bache 8.625% to mature 6-20-80
4. Purchased S22,300.00 Repo from Bache 8. 125% to mature 6-27-80
5. Purchased 511 ,000.00 Certificate of Deposit from First Federal S & L 9.25% to Mature 7-18-80
6. Purchased 57,200.00 Repo from Bache 8..35% to mature 6-27-80
7. Purchased S8,400.00 Repo from Bache 8.35% to mature 7-11-80
PROGRAM SUMMARY
CITY OF RENTON - 1981 PRELIMINARY BUDGET Page 1 of 1
Fund: 601 FIREMEN'SI Dept: 04 FINANCE Division: 514.33 Acct. No:
PENSION FUND FIREMEN'S PENSION SERVICES 601/000/04.514.33
No. Full Time Employees -0- BASIC OBJECTIVE : TO PROVIDE A TRUST FUND FOR PAYMENT OF PENSIONS
No. Part Time Employees -0- AND DISABILITY PAYMENTS TO FIRE FIGHTERS OR
THEIR BENEFICIARIES.
and/or P/T Man Hours
Overtime Request $ -0-
The Firemen 's Pension Fund was established by State Law and is administered by a board composed of the Mayor, City Clerk,
one Council member, and two Fire uniform personnel elected by the Fire Department. The fund is supported by bequests,
donations, State shared tax on fire insurance premiums, investment interest and property taxes.
In an effort to reduce the declining balance of the fund, we are tentatively proposing that revenue sources completely
support the expenditures in 1981 , thereby being no reduction in the present fund balance next year. This includes
$109,409 in estimated property taxes to be allocated to the fund. However, should 1981 revenues be less than we
anticipate, it may be necessary to reduce the property taxes by $30,000 - $35,000. We hope this will not be necessary.
If possible, each year we hope to increase the property tax allocation to the pension fund.
1981 PROPOSED REVENUES 1981 PROPOSED EXPENDITURES
Property Taxes ----------------------------- $109,409 LEOFF Retirees Medical Premiums -------------- 5 6,800
Fire Insurance Premium Tax ----------------- 32,000 Uniform Medical Bills ------------------------ 9,000
Investment Interest & Miscellaneous -------- 56,000 Pensions ------------------------------------- 179,550
NOTE: REVENUES = EXPENDITURES Office Supplies ------------------------------ 259
BEGINNING FUND BALANCE = ENDING FUND BALANCE Typewriter Service Contract ------------------ 100
Reimbursement to Current Fund/Services ------- 1 ,700
TOTAL PROPOSED 1981 REVENUES ------------- $197,409 TOTAL PROPOSED 1981 EXPENDITURES ----------- $197,409
Estimated Beginning Fund Balance ----------- 521 ,086 Estimated Ending Fund Balance ---------------- 521 ,086
TOTAL RESOURCES/FIREMEN'S PENSION FUND --- $718,495 TOTAL FIREMEN'S PENSION FUND --------------- $718,495
In 1980 $50,000 in property taxes was allocated to this fund and $109,409 is proposed for 1981 ; a total of $159,409 for
a two year period. Medical and dental premium payments for active fire uniform personnel were paid from the Current
Fund in 1980 and will be in 1981 ; formerly paid from the pension fund. This resulted in a savings in 1980 of
approximately $40,000 and in 1981 an estimated savings of $48,500; $88,500 savings over a two year period. 1981 expendi-
tures are expected to increase about $22,409 over 1980, primarily due to pensions and medical payment increases. We now
have 8 retirees and 3 widows (prior to LEOFF) who receive their total pension from the fund; and 12 LEOFF retirees, most
receiving some payment from the fund (if the City pension exceeds the LEOFF pension, the City pays the difference) .
There is also the possibility of additional LEOFF retirees.
The proposed goal for 1981 is to keep the fund balance at status quo, by revenues equaling expenditures.
' CA RENTON
1981 PRELIMINARY BUDGET
E S T I M A T E D R E V E N U E
FUND NO. FU,`'D NAME: DEPARTMENT:
601 FIREMEN'S PENSION FUND 04 - FINANCE
g1979 1980 1980 1981
DESCRIPTION/REVENUE SOURCE ACTUAL ESTIMATED RECEIVED ESTIMATED
REVENUE REVENUE AS OF 6/30 REVENUE
601 000 00 FIREMEN'S PENSION FUND
310 00 TAXES
311 00 GENERAL PROPERTY TAXES
10 Real & Personal Property -0- 50,000.00 24,999.85 109,409
310 00 00 TOTAL TAXES -0- 50,000.00 24,999.85 109,409
330 00 INTERGOVERNMENTAL REVENUE
335 00 STATE SHARED REVENUES
30 Fire Insurance Premium Tax 27,456.01 29,000.00 29,361 .44 32,000
3301 00100 TOTAL INTERGOVERNMENTAL REVENUE 27,456.01 29,000.00 29,361 .44 32,000
360 00 MISCELLANEOUS REVENUE
361 00 INTEREST EARNINGS
10 Investment Interest 49,915.72 50,000.00 17,718.35 55,000
369 00 OTHER MISCELLANEOUS REVENUE
90 18 Other Miscellaneous Revenue 1 ,756.86 1 ,000.00 226.64 1 ,000
360 00 00 TOTAL MISCELLANEOUS REVENUE 51 ,672.58 51 ,000.00 17,944.99 56 000
601 000 00 00 REVENUE SUB-TOTAL --------------- 79,128.59 130,000.00 **72,306.28 197,409
ESTIMATED REVENUE TO BE RECEIVED --- --- **40,573.51 ---
301 00 00 BEGINNING FUND BALANCE --------- 699,917. 13 578,530.00 583,205.99 521 ,086
Actual 1/79 Est. 1/80 Actual 1/80 Est. 1/81
601 000 00 00 TOTAL FIREMEN'S PENSION FUND --- 779,045.72 708,530.00 696,085.78 718,495
**Total estimated actual 1980 revenue $112,879.79•
Investment Interest. will he less thAn estimate: Fst. $32.718_
CITY CF RENTON
1981 PRELIMINARY BUDGET
ESTIMATED EXPENDITURES
FUND 601 - FIREMENIS PENSION - FINANCE 1979 198C 1980 1981 1981 1981
ACTUAL ADJ BUDGET EXP TO DATE DEPT MAYORsS COUNCIL
PROGRAM DEPT BASUB ELE', OBJ SUB-U8J OESCnIPTI...w EXPENDITURES AS OF 6/11 AS OF 6/11 REQUEST RECOMM, PROVISION
LINE ITEM SU-MMARY
001 04 000 OC 0 UO FINA'<E JEPARTMENT
514 0 UO FINANCIA-1, & AOMINISTRA
33 0 UC FINANCE/FIREMEN'S PENSION
PREPAID MEDICAL: Medical
insurance premiums for 12 LEOFF i0 00 PERSONAL SERVICES
retirees; 12% increase in 1980.
UNIFORM MEDICAL: Payment of
medical bills not covered by 13 UO PERSJNNE4 BENEFITS
insurance, with approval of LEOFF *Includes active uniform personnel medical premiums in 1979; retired only 1980 & 1981.
& Firemen's Pension Boards.
1981 increase - $500. 13 03 PREPAID MEDICAL *341163.24 6,7UQ*00 2x520100 6,800
PREPAID DENTAL: Dental 13 U4 UNIcORM MEDICAL 101586.85 80500.00 2,830#90 9,000
premiums for active uniform
personnel budgeted in Fire
Department/Current Fund in 13 U9 PREPAID DENTAL 8 0 89e26 --- --- ---
1980 & 1981.
PENSIONS: Will expend estimated
157,367 in 1980. 1981 increase 13 11 PENSICNS 139j999.31 161j000a00 62j598r66 179,550
is 14%, based on past experience.
+� +� PERSONAL SERvICES 1931138.66 176.200,00 67j949t56 195,350
OFFICE SUPPLIES: 20 UO SUPP6IES
Slight decrease from 1980.
Supplies & printing necessary
for Firemen's Pension Board 21 UO CFFICE SUPPLIES 266.21 275.00 120*74 259
operation.
s + SUPP„IES 266.21 275.00 120074 259
I
i I �
CITY OF RENTON
1981 PRELIMINARY BUDGET
EC7I11ATED EXPENDITURES
FUND 6 ,1 • FIRErE\19 PENSION - FINANCE - Cont. 1979 1980 1980 1981 1981 1981
ACTUAL ADJ 9'JjGET EXP TG DATE DEPT MAYORIS COUNCIL
PROGRA" DEPT 9ASUB ELE' COJ SLS.'JBJ pc';r.t RT :Dv EXPEvaITORcS AS OF 6111 AS OF 6/11 RE:JEST RECOMM, PROVISION
LINE ITEC SU"'><ARY
DQ0 Oa 514 33 33 UO OTHER SERVICES b CHARGES
31 DO PROFESSICNAL SERVICES
No Request ---------------------- 31 65 ACTUARIAL/FIREMENS PENS --- --- --- ---
REPAIRS & MAINT: Service
contract on 1 Selectric 38 u0 REPAIRS g MAIAITENANCE 75.36 80.00 To be paid 100
typewriter. Includes
expected increase for 1980.
42 OO MISCELLANEOUS --- --- --- ---
* ** CTnEP SERvICES S CHARGES 75.36 8000 --- 100
uC rjCvER'i '_vTat SERVICES
z2 uC INTERFJNJ 6ERv::E3
Discontinued in 1977 ------------ n2 U8 REI'<S C J2RE NT/ DISABILITY REPLACEMENT --- --- ---
REIMBURSEMENT TO CURRENT FUND:
Services provided by Finance 52 U9 REIli CJRREVT/CLER S ACCT 1j506.57 1160.7.0: 385,27 1 ,700
Department; includes clerical,
accounting & investment services. Request $100 increase in 1981.
* •* GOvEPw'"E'4TA,, SERVICES 1j5C6.57 1,600.03 385927 1 ,700
6) OC CAPITAL -vTLAY
i
I
i
CITY CF RENTON
1981 PRELIMINARY SU03ET �?
ESTIMATED EXPENDITURES '+
FUND 601 - FIREMENIS PENSIDS+ - FINANCE - Cont. 1979 1980 1980 1981 1981 1981
ACTUAL ADJ BUDGET EXP TO DATE DEPT NAVORIS COUNCIL`-
PROGRAM DEPT OASUB ELEP1 DHS SUS-UbJ UESCRIPTI;JN EXPENDITURES AS OF 6/11 AS OF 6/11 REQUEST RECOMM, PROVISION
LINE ITE-1 SUM-AQY
000 04 514 33 60 00 CAPITAL OUTLAY
No Request --------------- 6; UC MACrINERY 6 EQUIPMENT 852.93 --- --- ---
+' CAPITA'- OUTLAY 852.93 --- --- ---
• FINANCE/FIREMENIS PENSION 1951839.73 178,155.00 68,455.97 ** 197,409
501 00 D 00 ENDING FUND SALA14CE 583,205.99 530,3?5gOO 521,085.78 521,086
*4 ss s + +'* FIREMEN'S PENSION FUND 779,045. 70 ,53U•00 --- 106,544.43 696,085.78 718,495
** Total estimated 1980
actual expenditures
$175,000.00
FIREMEN' S PENSION BOARD
Regular fleeting
August 12, 1980
INNO Beard Members
Barbara Y. Shinpoch, Mayor-Chairman
Delores A. Mead, City Clerk-Secretary
Ear Clymer, Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept. Rep.
Ray Barilleau, Alternate Fire Dept. Rep.
The Regular Meeting of the Firemen 's Pension Board was called to order by Council-
man Earl Clymer at 4:00 P.M. in the Sixth Floor Conference Room of the Municipal
Building. Barbara Y. Shinpoch, Mayor, and Del Mead, City Clerk, were absent.
Gwen Marshall , Finance Director, and Maxine Motor, Deputy City Clerk were present.
MINITE APPROVAL
MOVED BY HENRY, SECONDED BY RIGGLE, APPROVE THE MINUTES OF JULY 8, 1980 AS
WRITTEN. CARRIED.
MONTHLY STATEMENT OF CASH AND INVESTMENTS (See Attached Statement)
Monthly report of cash flow and investment activity to July 31 , 1980 was
distributed and filed for record as follows:
1 . Sold $69, 100.00 in Repos
2. Purchased $1 ,200.00 Repo from Bache @ $.00 % to Mature 7/11/80
3. Purchased $16,500.00 Repo from Bache @ #.35% to Mature 7/31/80
4. Purchased $27,000.00 Repo from Bache @ 8.60% to Mature 8/22/80
-wow 5. Purchased $16,500.00 Repo from Bache @ 8.875% to Mature 8/8/80
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
List was distributed of July bills and August pension payments in total amount
of $16,408.88. Board members requested initials be used along with last name
on medical report for sake of clarity. MOVED BY HENRY, SECOND RIGGLE, AUTHORIZE
PAYMENT OF THE MONTHLY BILLS AND PENSON BENEFITS AS PRESENTED. CARRIED.
OLD BUSINESS
Mayor Shinpoch had made available for the meeting, a letter received from Fire
Fighters Local 864, Gary Newton, President, requesting inclusion in the 1981
budget of monies sufficient to meet the obligations specified in RCW 41 . 16.060.
The letter noted the City has been levying the $.45 per $1 ,000 of assessed
valuation; that an actuary report was completed in 8/78 and State Auditor' s
report filed 4/80 recommended minimum of $. 19 per $1 ,000 assessed valuation be
deposited in the Firemen's Pension Fund; and requested that amount be deposited.
A note from Mayor Shinpoch indicated a verbal response had been made to the
letter that the City plans to put $109,000 in the fund in the 1981 Budget, which
does not compute to the $. 19 per $1 ,000 assessed valuation. Further, the note
stated that as of 7/25/80 the City Attorney feels an Actuary is needed in the
near future to determine whether the fund is sound, and the Mayor noted the
Committee had her vote to hire the work done; that the fiscal impact is estimated
to be $800 and the money can be transferred (per Finance Director) . The Mayor
further noted that the State Auditor's report dated 8/11/80 makes no mention
of any delinquencies in that area. Following discussion, it was MOVED BY HENRY,
SECOND RIGGLE, THAT THE MAYOR PROCEED WITH OBTAINING AN ACTUARY AT CITY EXPENSE.
CARRIED. Upon inquiry, the Finance Director noted deposit to the fund would be
made in May, June, November and December. Fire Dept. Rep. Henry requested deposit
from the first of the year, suggesting deposit of other funds until tax monies
received. Finance Director Marshall noted no principal will be taken from the fund
during 1981 . The 1981 Budget was discussed.
Firemen' s Pension Board
August 12, 19$0
As there was no further business to come before the Board, it was MOVED BY
HENRY, SECOND RIGGLE, THE MEETING ADJOURN. CARRIED. Time: 4:45 p.m. NNW
Maxine E. Motor, Deputy City Clerk
Acting Secretary
y
rrr
MEDICAL BILLS FOR JULY 1980:
A & H DRUGS 833312 BEATTEAY $ 21 .75
834627 BEATTEAY 15.20
835228 BEATTEAY 23.95
835856 BEATTEAY 28.25
833215 COLOMBI 3.95 $ 93. 10
j BENSON HILL DRUG ANKENY $ 5.06 $ 5.06
COLEMAN, DANIEL H. , M. D. ALEXANDER $ 72.52 $ 72.52
CORNELL' S VALLEY PHARMACY 09153 BERGQUIST $ 31 .55
6170 BERGQUIST 37.60
6156 GEISSLER 12. 10
08258 HALL 8.25
08488 PEDERSON 5.25
08278 WALSH 12.25 $107.00
EASTSIDE MEDICAL LABORATORY PARKS $ 47.50
FAIRWOOD PHARMACY DAWKINS $ 9.30 $ 9.30
K' S PHARMACY 108625 CONNELL $ 28.40
108839 LARSON 8.35
108635 RUPPRECHT 12.35
108847 RUPPRECHT 9.85
108225 PARKS 11 .30 $ 70.25
M & R DRUGS 54256 WILLIAMS $ 34.09 $ 34.09
Isom MONTEFERING CLINIC STROM $150.00 $150.00
VALLEY INTERNAL MED. PARKS $102.30 $102.30
TOTAL MEDICAL COSTS FOR JULY 1980: $643.92
King County Medical Costs for July 1980 $504.00 $504.00
TOTAL MEDICAL COSTS: $1 , 147.92
FIREMEN'S PENSION BOARD PAGE 2 AUGUST 1980
PENSION PAYMENTS FOR AUGUST 1980:
ALE).ANDL:R, John (Captain) $1 ,320.00
ANDERSON, Mrs . Enza (Widow) 568.88
ANDERSON, T.K. (Fireman) 1 ,014.50
ASHURST, James F. (Asst. Chief) 1 ,457.00
BANASKY, GEORGE (Captain) 224.98
CONNELL, Robert (Captain) 153.58
GOODWIN, Charles (Captain) 1 ,320.00
HAWORTH, Mrs. Constance C. (Widow) 989.04
HAWORTH, Jack (Fireman) 1 ,014.50
HENRY, Paul J. (Fireman) 10.26
HURST, Gerald (Fireman) 101 .66
LAWRENCE, Floyd (Chief) 680.43
PARKS, John (Fireman) 1 ,033.50
PRINGLE, Sylvia Joan (Widow) 891 .25
SHERERTZ, Marvin L. (Batt. Chief) 73.39
SMITH, Leroy (Fireman) 9.73
STROM, Karl (Fireman) 1 ,014.50
TODD, Franklin L. (Fireman) 119.04
TONDA, Ernest J. (Captain) 49. 17
WALSH, Patrick J . (Captain) 250.73
TOTAL PENSION PAYMENTS FOR AUGUST 1980 $12,296. 14
TOTAL PENSION PAYMENTS FOR AUGUST 1980 $12,296. 14
-Now
TOTAL MEDICAL PAYMENTS FOR JULY 1980 $ 1 , 147.92
TOTAL EXPENSES: Medical/Pension $13,444.06
Reimbursement to Current Fund/Clerical Account Services
for Period of April 1 , 1980 to June 30, 1980 $ 385.27
------------------------------------
TOTAL PENSION PAYMENTS FOR AUGUST 1979 $11 ,575.84
TOTAL MEDICAL PAYMENTS FOR JULY 1979 $ 4,833.04
TOTAL EXPENSES: Medical/Pension 1979 $16,408.88
now
CITY OF RENTON - FIRDENIS PENSION FUND
CASH & INITEST,\M'T ACTIVITY REPORT
As of JULY 31. 1980
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH & IA'NrESTMINT ACTIVITY July 80 June 80 Month July 79 Afonth June 79
CASH
Beginning Cash Balance $ 771.80 $ 91.52 $ 1,740.73 $ 1,055.82
RECEIPTS:
Revenue5,766.58 22,119.09 4,412.99 4,588.08
Investments Sold 69,100.00 51,779.55 59,221.72 88,090.08
DISBURSEMENTS:
Expenditures . . . . . . . . . . . . . 14,379.20 21,218. 36 16,523.07 16,693.25
Investments Purchased . . . . . , . . . 61,200.00 52,000.00 39,000.00 75,300.00
ENDING CASH B.0 ANCE . . . . . . . . . . . . . . . $ 59.18 $ 771.80 $ 9,852.37 $ 1,740.73
INVESTMENTS
Savings Accounts, Repurchase
Agreements & Certificates of Deposit . . . . . . . $ 43,500.00 $ 51,400.00 $ -0- $ 20,000.00
Municipals . . . . . . . . . . . . . . . . . . . . 14,716.54 14,716.54 43,627.29 43,849.01
Corporate Bonds . . . . . . . . . . . . . . . . . 327,061.66 327,061.66 347,195.66 347,195.66
Mutual Funds . . . . . . . . . . . . . . . . . 171,888.34 171.888. 34 241,988.34 241,988. 34
TOTAL INVESDONTS . . . . . . . . . . . . . . . . $ 557,166.54 $ 565,066.54 $ 632,811.29 $ 653,033.01
TOTAL CASH & INVEST? ,iliTS . . . . . . . . . . . . . $ 557,225.72 $ 565,838.34 $ 642,663.66 $ 654,773.74
INVESTMENTNT ACTIVITY DURING THE CURRENT MONTH:
1. SOLD $69,100.00 in Repos
2. Purchased $1,200.00 Repo from Bache @ 8.00% to Mature 7/11/80
3. Purchased $16,500.00 Repo from Bache @ 8.35% to Mature 7/31/80
4. Purchased $27,000.00 Repo from Bache @ 8.60% to Mature 8/22/80
5. Purchased $16,500.00 Repo from Bache @ 8.875% to Mature 8/8/80
FIREMEN' S PENSION BOARD
Regular Meeting
September 9, 1980
Board Members
Barbara Y. Shinpoch, Mayor-Chairman
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept. Rep.
Ray Barilleaux, Alternate Fire Dept. Rep.
The regular meeting of the Firemen' s Pension Board was called to order by Mayor
Barbara Shinpoch at 4:00 p.m. , in the sixth floor conference room of the Municipal
Building. All board members were in attendance.
MINUTE APPROVAL
MOVED BY HENRY, SECOND RIGGLE , TO APPROVE THE MINUTES OF AUGUST 12, 1980 AS
WRITTEN. CARRIED.
MONTHLY STATEMENT OF CASH AND INVESTMENTS (See Attached Statement)
Monthly report of cash flow and investment activity to August 31 , 1980 was
distributed and filed for record as follows :
1 ) Sold $104,000.00 in Repos
2) Purchased $16,600.00 Repo from Bache @ 8.55% to Mature 8/15/80
3) Purchased $25,400.00 Repo from Bache @ 8.75% to Mature 8/22/80
4) Purchased $18,600.00 Repo from Bache @ 9.80% to Mature 8/29/80
51 Purchased $20,000.00 Bankers Acceptance from Bache @ 10.40% to Mature -�
10/28/80
6) Purchased $19,300.00 Repo from Bache @ 10. 10% to Mature 9/5/80
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
List of August medical bills and September pension payments was distributed for
approval in total amount of $13,066.26. MOVED BY CLYMER, SECOND RIGGLE , TO
AUTHORIZE PAYMENT OF THE MEDICAL BILLS AND PENSION PAYMENTS AS PRESENTED. CARRIED.
OLD BUSINESS
Mayor Shinpoch reported the City Council has allocated $1 ,500 to fund an actuarial
valuation study of the Pension Fund. The firm of Milliman & Robertson, Inc.
conducted the 1978 study and has been retained to prepare the updated report.
Informal bids were received from $2,000 to $5,000.
Fireman Riggle inquired regarding preliminary state audit references to the Pension
Fund noting, however, no mention of the matter in the 1979 final examination report.
The secretary advised that the preliminary audit report is merely an inquiry into
items of concern and directed to the Finance Director who consults with the attorney
and administration and provides explanation of circumstances or corrective actions.
Items quest7oned in the preliminary report do no necessarily appear in final audits .
Letters were submitted by the Firemen' s Pension Board members For reading . Letter
directed to office of State Auditor inquired why the final report made no mention of
city funding liabilities regarding the Pension Fund. Letter from Chief Examiner,
L.P. Husk, responded to Local 684 Gary Newton that the 1978 Pension Fund finding """
had not been dropped, but is currently being pursued by the city and the Attorney
General 's Office and a finding under review is not repeated in subsequent audits .
103
Firemen' s Pension Board
September 9, 1980
Page Two
�. Old Business - Continued
Discussion ensued regarding use of Pension Funds by cities, and impact of actions
by former governor and mayor' s upon the pension systems and benefits. Mayor
Shinpoch pointed out 1981 budgetary allocation was an effort to maintain present
fund balance and to fund the 1981 expenditures without use of prinicipal and if
possible, no reduction in the fund balance. She also noted possible precarious
financial position of the city and public services if dollar levy,based upon
unprecedented increased assessed valuations, were allocated at this time. Attention
was called to present participants in the old state pension system, never to increase,
and the fund felt to be liquid and in good financial condition. In further discussion,
culmination through class action court suit one proposal of settlement , and city's
position upon court mandate acknowledged.
The secretary noted the material is now compiled for forwarding to the actuary.
The report will be under way immediately upon receipt of the data.
As there was no further business to come before the board, it was MOVED BY HENRY,
SECOND RIGGLE, TO ADJOURN. CARRIED. 4:45 P.M.
Delores A. Mead, Cit - Clerk
Renton Firemen 's Pension Board
MEDICAL BILLS FOR AUGUST 1980:
AUSTINS PHARMACY 145995 T. ANDERSON $ 12. 10 $ 12 . 10
BARTELL DRUG STORE 921284 N. VACCA $ 5.20 $ 5.20
BARTELL DRUG STORE 392216 C. CHRISTENSON $ 9. 72 9. 72
K' S PHARMACY 108871 G. BANASKY $ 24. 75
109154 R. CONNELL 9. 15
109046 W. HENRY 21 .90
108960 G. HURST £3.65
109211 T. LaVALLEY 7. 10
1C8861 B. PHILLIPS 25. 55
108977 R. PILLO 9.80
109184 J. RUPPRECHT 9.85 $ 116.75
M S It DRUGS 75070 G. WILLIAMS $ 5. 70
78105 24.30
74999 17. 35 $ L17.35
MONTEFERING CLINIC K. STROM $ 75.00 $ 75.00
TOTAL MEDICAL COSTS FOR AUGUST 1980 S z6
King County Medical Costs for August, 1980 $ 504.00 $ 504.00
TOTAL MEDICAL COSTS: $ 770. 12
maw
Now
FiREMEN' S PENSION BOARD PAGE 2 SEPTEMBER 1980
PFNS ON PAYMENTS FOR SEPTEMBER 1980:
ALEXANDER, John (Captain) $1 ,320.00
ANDERSON, MRs. Enza (Widow) 568.88
ANDERSON, T. K. (Fireman) 1 ,014.50
ASHURST, Jameb F. (Asst. Chief) 1 ,45/.00
BANASKY, George (Captain) 224.98
CONNELL, Robert (Captain) 153.58
GOODWIN, Charles (Captain) 1 ,320.00
HAWORTH, Mrs. Constance C. (Widow) 989.04
HAWORTH, Jack (Fireman) 1 ,014.50
HENRY, Paul J. (Fireman) 10.26
HURST, Gerald (Fireman) 101 .66
LAWRENCE, Floyd (Chief) 680.43
PARKS, John (Fireman) 1 ,033.50
PRINGLE, Sylvia Joan (Widow) 891 .25
SHERERTZ , Marvin L. (Batt. Chief) 73. 39
SMITH, Leroy (Fireman) 9.73
STROM, Karl (Fireman) 1 ,011+. 50
TODD, Franklin L. (Fireman) 119,04
TONDA, Ernest J. (Captain) 48. 17
WALSH, Patrick J. (Captain) 250. 73
TOTAL PENSION PAYMENTS FOR SEPTEMBER 1980 $12,296. 14
TOTAL PENSION PAYMENTS FOR SEPTEMBER 1980 $12,296. 14
�. TOTAL MEDICAL PAYMENTS FOR AUGUST 1980 770. 12
TOTAL EXPENSES: Medical/Pension $13,066.26
--------------------------------
TOTAL PENSION PAYMENTS FOR SEPTEMBER 1979 $11 ,575.84
TOTAL MEDICAL PAYMENTS FOR AUGUST 1979 $ 4 ,930. 11
TOTAL EXPENSES: Medical/Pension 1979 $16,505.95
I
CITY OF RENTON — FIREMEN'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
As of AUGUST 31, 1980
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH & INZ�`ESTMENT ACTIVITY August July Month August Month July
CASH
Beginning Cash Balance $ 59.18 $ 771.80 $ 9,852.37 $ 1,740.73
RECEIPTS:
Revenue 9,721.18 5,766.58 6,187.14 4,412.99
Investments Sold . . . . . . . . . . . . 104,100.00 69,100.00 38,400.00 59,221.72
DISBURSEMENTS:
Expenditures . . . . . . . . . . 13,876..53 14,379.20 16,093.88 16,523.07
Investments Purchased 99,900.00 61,200.00 38,400.00 39,000.00
ENDING CASH BALANCE . . . . . . . . . . . . . . . $ 103.83 $ 59.18 $ [54.37] $ 9,852. 37
INVESTMMS
Savings Accounts, Repurchase
Agreements & Certificates of Deposit . . .
$ 39,300.00 $ 43,500.00 $ -0- $ -0-
Municipals . . . . . . . . . . . . . . . . 14,716.54 14,716.54 43,627.29 43,627.29
Corporate Bonds . . . . . . . . . . . . . . . 327,061.66 327,061.66 347,195.66 347,195.66
M1vtual Funds . . . . . . . . . . . . . . . . . 171,888.34 171.888.34 241.988.31 241,988. 34
TOTAL INVESTMENTS . . . . . . . . . . . . . . $ 552,966.54 $ 557,166.54 $ 632,811.29 $ 632,811.29
TOTAL CASH & INVESTMENTS . . . . . . . . . . . . 0 $ 553,070.37 $ 557,225.72 $ 632,756. 92 $ 642,663.66
INVESTMENT ACTIVITY DUR IN'G THE CURRENT MONTH:
1. Sold $104,100.00 in Repos
2. Purchased $16,600.00 Repo from Bache @8.55% to Mature 8/15/80
3. Purchased $25,400.00 Repo from Bache @8.75% to Mature 8/22/80
4. Purchased $18,600.00 Repo from Bache @9.80% to Mature 8/29/80
5. Purchased $20,000.00 Bankers Acceptance from Bache @10.40% to Mature 10/28/80
6. Purchased $19,300.00 Repo from Bache @10.10% to Mature 9/5/80
107
FIREMEN' S PENSION BOARD
Regular Meeting
October 14, 1980
r.. Board Members
Barbara Y. Shinpoch, Mayor-Chairman
Delores A.Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept. Rep.
Ray Barilleaux, Alternate Fire Dept. Rep.
The regular meeting of the Firemen' s Pension Board was called to order by Mayor
Barbara Shinpoch at 4:00 p.m. , in the sixth floor conference room of the Municipal
Building. All board members were in attendance.
MINUTE APPROVAL
MOVED BY HENRY, SECOND RIGGLE, TO APPROVE THE MINUTES OF SEPTEMBER 9, 1980
AS WRITTEN. CARRIED.
MONTHLY STATEMENT OF CASH AND INVESTMENTS (See Attached Statement)
Monthly report of cash flow and investment activity to September 30, 1980 was
distributed and filed for record as follows:
1 ) Sold $71 ,800.00 in Repurchase Agreements
2) Purchased $19,400.00 Repo from Bache - Rate 9. 75% Maturity 9/12/80
3) Purchased $19,400.00 Repo from Bache - Rate 10.05% Maturity 9/19/80
4) Purchased $6,800.00 Repo from Bache - Rate 10.62% Maturity 9/26/80
,.r 5) Purchased $6,900.00 Repo from Bache - Rate 11 .00% Maturity 9/30/80
6) Purchased $7,000.00 Repo from Bache - Rate 12.00% Maturity 10/3/80
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
List of September medical bills and October pension payments was distributed for
approval in the total amount of $13,259. 53• MOVED BY CLYMER, SECOND RIGGLE,
AUTHORIZE PAYMENT OF THE MEDICAL BILLS AND PENSION PAYMENTS AS PRESENTED. CARRIED.
OLD BUSINESS
The Firemen Board member, Bill Henry, noted receipt of copy of State Examiner' s
Preliminary Audit letter as sent to Gwen Marshall , Finance Director, which they
had requested. The fireman noted no new or additional information regarding
the pension fund report findings and no mention of the pension fund in the final
audit report.
As there was no further business to come before the board, it was MOVED BY HENRY,
SECOND RIGGLE, TO ADJOURN. CARRIED. 4:22 P.M.
Delores A. Mead , City Cle k
Renton Firemen's Pension Board
tow
MEDICAL BILLS FOR SEPTEMBER 1980:
A & H DRUGS 833060 D. RIGGLE $ 4.20 $ 4.20
..r
AUSTIN' S PHARMACY 847377 D. WALSH $ 7.85
146016 D. WALSH 10.25 $ 18. 10
BAKER, GORDON P. , M. D. J . MATTHEW $ 15.00 $ 15.00
COLEMAN, DANIEL H. , M. D. J. ALEXANDER $ 9.60 $ 9.60
DOCTOR PLACE EYE CLINIC J . HAWORTH $ 34.00 34.00
K' S PHARMACY 109550 R. CONNELL $ 43.25
109295 G. HURST 12.83
109321 G. JONES 23.46
109387 T. LaVALLEY 34.20
109556 T. LaVALLEY 17.25
109297 K. PARKS 10.70
109281 B. PHILLIPS 7.70
109383 B. PHILLIPS 25.55
109374 J . RUPPRECHT 9.85 $ 184.79
K' S PHARMACY 109422 J . ALEXANDER $ 6.35
J . PARKS 16.70 $ 23.05
MONTEFERING CLINIC K. STROM $ 150.00 $ 150.00
VALLEY GENERAL HOSPITAL E. TONDA $ 20.65 $ 20.65 ...
TOTAL MEDICAL COSTS FOR SEPTEMBER 1980 $ 459.39
King County Medical Costs for September 1980 $ 504.00
TOTAL MEDICAL COSTS: $ 963.39
n..r
FIREMEN' S PENSION BOARD PAGE 2 OCTOBER 1980
PENSION PAYMENTS FOR OCTOBER 1980:
ALEXANDER, John (Captain) $1 ,320.00
ANDERSON, Mrs. Enza (Widow) 568.88
ANDERSON, T.K. (Fireman) 1 ,014.50
ASHURST, James F. (Asst. Chief) 1 ,457.00
BANASKY, George (Captain) 224.98
CONNELL, Robert (Captain) 153.58
GOODWIN, Charles (Captain) 1 ,320.00
HAWORTH, Mrs. Contance C. (Widow) 989.04
HAWORTH, Jack (Fireman) 1 ,014.50
HENRY, Paul J. (Fireman) 10.26
HURST, Gerald (Fireman) 101 .66
LAWRENCE, Floyd (Chief) 680.43
PARKS, John (Fireman) 1 ,033.50
PRINGLE, Sylvia Joan (Widow) 891 .25
SHERERTZ, Marvin L. (Battalion Chief) 73.39
SMITH, Leroy (Fireman) 9.73
STROM, Karl (Fireman) 1 ,014.50
TODD, Franklin L. (Fireman) 119.04
TONDA, Ernest J. (Captain) 49. 17
WALSH, Patrick J. (Captain) 250. 73
TOTAL PENSION PAYMENTS $12,296. 14
w
TOTAL PENSION PAYMENTS FOR OCTOBER 1980 $12,296. 14
TOTAL MEDICAL PAYMENTS FOR SEPTEMBER 1980 $ 963. 39
TOTAL EXPENSES: Medical/Pension $13,259.53
Reimbursement For services rendered by the Finance Dept.
7/1/80 to 9/30/80 $ 385. 73
-----------------------------
TOTAL PENSION PAYMENTS FOR OCTOBER 1979 $11 ,551 . 78
TOTAL MEDICAL PAYMENTS FOR SEPTEMBER 1979 7,915.51
TOTAL EXPENSES: Medical Pension 1979 $19,467.29
rr
CITY OF RENTON - FIMIEN'S PENSION FUND E--+
C�
CASH & INVESTMENT ACTIVITY REPORT
As of September 30, 1980
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH & IN' `EST=T ACTIVITY September '80 August '80 Mouth Sept. 179 Month August '79
CASH s�
Begiiuiing Cash Balance . . . . . . . . . . . . 103.83 59.18 [54.37] 9.852.37
RECEIPTS:
Revenue . . . . . 1,130.96 9,721.18 873.27 6,187.14
Investments Sold . . . . . . . . 71,800.00 104,100.00 20,134.00 38,400.00
DISBURSEMENTS:
Expenditures . . . . . 13,066.26 13,876.53 16,376.66 16,093.88
Investments Purchased . . . . . . . . . . . . . 59,500.00 99,900.00 4,400.00 38,400.00
ENDING CASH B_41,ANCE . . . . . . . . . . . . . . . 468.53 103.83 176.24 [54.37]
INVESTMENTS
Savings Accounts, Repurchase
Agreements & Certificates of Deposit . . . . . . . 27,000.00 39,300.00 4,400.00 -0-
Municipals . . . . . . . 14,716.54 14,716.54 43,627.29 43,627.29
Corporate Bonds 327,061.66 327,061.66 327,061.66' ; 347,195.66
Mutual Phnds 171,888.34 171,888.34 241,988.34=- `- --241,988.34
TOTAL INVESDf TS 540,666.54 552,966.54 617,077.29 632,811.29
TOTAL CASH & INVESTMENTS . . . . . . . . . . . . . 541,135.07 553,070.37 617,253.53 632,756.92
INVESTMENT ACTIVITY DURING THE CURRENT MONTH:
1. Sold $71,800.00 in Repurchase Agreements
2. Purchased $19,400.00 Repo from Bache - Rate 9.75% Maturity 9/12/80 .
3. Purchased $19,400.00 Repo from Bache - Rate 10.05% Maturity 9/19/80
4. Purchased $6,800.00 Repo from Bache - Rate 10.62% Maturity 9/26/80
5. Purchased $6,900.00 Repo from Bache - Rate 11.00% Maturity 9/30/80
6. Purchased $7,000.00 Repo from Bache - .Rate 12.00% Maturity 10/3/80
111
FIREMEN'S PENSION BOARD
Regular Meeting
NOVEMBER 12, 1980
Board Members
Barbara Y. Shinpoch, Mayor-Chairman
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept. Rep.
Ray Barilleaux, Alternate Fire Dept. Rep.
The regular meeting of the Firemen's Pension Board was called to order by
Councilman Clymer at 4:00 p.m. in the sixth floor conference room of the
Municipal Building. Barbara Y. Shinpoch absent. All other board members
present.
MINUTE APPROVAL
MOVED BY HENRY, SECOND RIGGLE, TO APPROVE THE MINUTES OF OCTOBER 14, 1980
AS WRITTEN. CARRIED.
MONTHLY STATEMENT OF CASH AND INVESTMENTS (See Attached Statement)
Monthly report of cash flow and investment activity to October 31 , 1980 was
distributed and filed for record as follows :
1) Sold 554, 100.00 in Repurchase Agreements
2) Purchased $7,300.00 Repo from Bache - Rate 12. 125% Maturity 10/7/80
3) Purchased $9,800.00 Repo from Bache - Rate 12.00% Maturity 10/17/80
.�. 4) Purchased $10,000.00 Repo from Bache - Rate 12. 125% Maturity 10/24/80
5) Purchased $17,600.00 Repo from Bache - Rate 12.00% Maturity 11/3/80
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
List of October bills and November pension payments was distributed in the total
amount of $14,028.95. MOVED BY CLYMER, SECOND RIGGLE, TO APPROVE THE MEDICAL
BILLS AND PENSION PAYMENTS AS PRESENTED. Discussion ensued regarding $50.00 limit
for eyeglass frames and LEOFF Board policy regarding contact lenses , the
firemen to research the subject and report concerning payment limitations. (i .e.
colored lenses, etc. ) MOTION CARRIED.
NEW BUSINESS
Firemen Henry presented a bill from John Parks from Valley Int. Med. in the sum
of $25. 50. MOVED BY HENRY, SECOND RIGGLE, TO INCLUDE WITH PAYMENT OF OCTOBER
MEDICAL BILLS. CARRIED.
OLD BUSINESS
The Secretary reported the Actuarial report is under way, completion pending
receipt of the City' s assessed valuation.
As there was no further business to come before the board, it was MOVED BY
HENRY, SECOND RIGGLE, TO ADJOURN. CARRIED. 4:35 P.M.
Delores A. Mead, City Clerk
Renton Firemen' s Pension Board
FIREMEN' S PENSION BOARD PAGE 2 NOVEMBER 1980
PENSION PAYMENTS FOR OCTOBER 1980:
ALEXANDER, John (Captain) $ 1 ,320.00
ANDERSON, Mrs. Enza 568.88
ANDERSON, T.K. (Fireman) 1 ,014.50
ASHURST, James F. (Asst. Chief) 1 ,457.00
BANASKY, George (Captain) 224.98
CONNELL, Robert (Captain) 153.58
GOODWIN, Charles (Captain) 1 ,320.00
HAWORTH, Mrs. Constance C. 989.04
HAWORTH, Jack (Fireman) 1 ,014.50
HENRY, Paul J. (Fire Fighter) 10.26
HURST, Gerald (Fireman) 101 .66
LAWRENCE (Chief) 680.43
PARKS, John (Fireman) 1033.50
PRINGLE, Sylvia Joan 891 .25
SHERERTZ (Battalion Chief) 73.39
SMITH, Leroy (Fire Fighter) 9.73
STROM, Karl (Fireman) 1 ,014.50
TODD, Franklin L. (Fireman) 119.04
TONDA, Ernest J. (Captain) 49. 17
WALSH, Patrick J. (Captain) 250.73
TOTAL PENSION PAYMENTS $12,296. 14
TOTAL PENSION PAYMENTS FOR NOVEMBER, 1980 $12,296. 14
TOTAL MEDICAL PAYMENTS FOR OCTOBER 1980 $ 1 ,732.81
TOTAL EXPENSES: Medical/Pension $14,028.95
--------------------
TOTAL PENSION PAYMENTS FOR NOVEMBER 1979 $11 ,551 .78
TOTAL MEDICAL PAYMENTS FOR OCTOBER 1979 $ 1 ,401 . 39
TOTAL EXPENSES: Medical Pension 1979 $12,953. 17
MEDICAL BILLS FOR OCTOBER 1980:
A & H DRUGS 44682 R. BEATTEAY $ 23.95
45312 R. BEATTEAY $ 12. 75 $ 36. 70
833513 G. NICHOLS $ 6.75
ALLERGY CLINIC 95150 G. BERGQUIST $ 25.00
BARTELL DRUGS 956348 T.K. ANDERSON $ 12. 10
955589 D. WALSH $ 25.65
COLOMBI , JACK L. COLUMBIAN OPTICAL $ 142. 15
GREEN & JACKSON DRUG 79753 G. WILLIAMS $ 54.95
INTERNATIONAL OPTICAL
DISPENSARY G. NICHOLS $ 116.24
K' s PHARMACY 109691 G. BANASKY $ 11 .80
109835 R. BERGMAN $ 8.60
109803 G. HURST $ 4.45
110014 B. PHILLIPS $ 10.20
109740 J. RUPPRECHT $ 4. 35
109822 J. RUPPRECHT $ 4. 35 $ 43. 75
NEWTON, GARY R W LOMAS, MD $ 100.00
PARKS, JOHN L. VALLEY INT. MED. 25.50
PAY N' SAVE 5635001 J. BELL $ 8.40
5635200 J. MATTHEW $ 9.90 $ 18. 30
RENTON OPTICAL COMPANY W. LARSON $ 23. 17
SHERERTZ, MARVIN VARN' S PHARMACY $ 29.90
SUNSET PLAZA CHIROPRACTIC CLINIC G. NICHOLS $ 176.00
WALSH, PATRICK J. PAY N SAVE $ 15.65
DR. F. L. CORBIN $ 369.00
R. HEILPERN MD $ 8.00 $ 392.65
TOTAL MEDICAL COSTS FOR OCTOBER 1980 $1 ,228.81
King County Medical Costs for October 1980 $ 504.00
TOTAL MEDICAL COSTS: $1 ,732.81
CITY OF RE\TON — FIREMEN'S PLNSION FUND
CASH & INrES EN'T ACTIVITY REPORT
As of October 31 , 1980
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH & INXESTHEN'T ACTIVITY October '80 September '80 Month Oct. '79 iMonthSept. ' 79
CASH
Beginning Cash Balance 468.53 103.83 176.24 [54.371
RECEIPTS:
Revenue3,825.68 1 ,130.96 3,014.58 873.27
Investments Sold 54,100.00 71 ,800.00 48,300.00 20,134.00
DISBURSO.1ENTS:
Expenditures . . . . . . . . 13 ,644.26 13,066.26 16,941 .54 16,
376.66
Investments Purchased . . . . 44,700.00 59,500.00 34,200.00 4,400.00
ENDING CASH MANCE . . . . . . . . . . 49.95 1 468.53 349.28 176.24
INVESTMENTS
Savings Accounts, Repurchase
Agreements & Certificates of Deposit 17,600.00 27,000.00 20,400.00 4,400.00
Municipals . . . . . . . . . . . . . 14,716.54 14,716.54 43,627.29 43,627.29
Corporate Bonds . . . . . . . . . . 327,061 .66 327,051 .66 327,061 .66 327,061 .66
Mutual Funds . . . . . . . . . . . . 171 ,888,34 171 .888.34 211 ,888.34 241 ,988.34
TOTAL INVESTMENTS . . . . . . . . . . . . . 531 ,266.54 540,666.54 602,977.29 617,077.29
TOTAL, CASH & INVESTMENTS . . . . . . . . . . . 531 ,316.49 541 ,135.07 603 ,326.57 617,253.53
INVESTMMNVT ACTIVITY DURING THE CURRE-NT MONTH:
1 . Sold $54,100.00 in Repurchase Agreements
2. Purchased $7,300.00 Repo from Bache - Rate 12. 125% Maturity 10/7/80
3. Purchased $9,800.00 Repo from Bache - Rate 12.00% Maturity 10/17/80
4. Purchased $10 ,000.00 Repo from Bache - Rate 12.125% Maturity 10/24/80
5. Purchased $17 ,600.00 Repo from Bache - Rate 12.00% Maturity 11/3/80
� I i
115
FIREMEN' S PENSION BOARD
Regular Meeting
December 9, 1980
Board Members
Barbara Y. Shinpoch, Mayor-Chairman
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept. Rep.
Ray Barilleaux, Alternate Fire Dept. Rep.
The regular meeting of the Firemen' s Pension Board was called to order by
Barbara Shinpoch, Mayor, at 4:00 p.m. inthe sixth floor conference room of the
Municipal Building. All board members were in attendance.
MINUTE APPROVAL
MOVED BY HENRY, SECOND RIGGLE, TO APPROVE THE MINUTES OF NOVEMBER 12, 1980 AS
WRITTEN. CARRIED.
MONTHLY STATEMENT OF CASH AND INVESTMENTS (See Attached Statement)
Monthly statement from the Finance Department was not available for the meeting ,
but will be submitted with the minutes and can be reviewed next month. Activity
to November 30, 1980 was as follows :
1) Sold $103,200.00 in Repurchase Agreements
2) Purchased $17,600.00 @ 12. 75% Rate - Maturity 11/7/80
3) Purchased $20,200.00 @ 13.75% Rate - Maturity 11/14/80
4) Purchased $21 ,000.00 @ 13.50% Rate - Maturity 11/21/80
5) Purchased $6,000.00 @ 13.25% Rate - Maturity 11/18/80
6) Purchased $6,900.00 @ 15.25% Rate - Maturity 11/21/80
7) Purchased $13,900.00 @ 15.50% Rate - Maturity 11/26/80
8) Purchased $14,400.00 @ 15.875% Rate - Maturity 12/5/80
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
List of November bills and December pension payments was distributed in total sum
of $13,812. 77. Those bills submitted for eyeglasses were reviewed and determined
proper, escalating costs noted. MOVED BY CLYMER, SECOND RIGGLE, TO APPROVE
PAYMENT OF THE MEDICAL AND PENSION PAYMENTS AS PRESENTED. CARRIED.
OLD BUSINESS
Actuary/Audit Report: Mayor Shinpoch reported receipt of copy of a letter directed
to City Attorney Larry Warren from Wayne L. Williams, Law Firm of Parr, Peeples , &
Carrier, advising he had been retained by Renton Firefighters Union, Local 864 ,
to represent them in connection with R. C.W. 41 . 16 requirements for funding of the
Firemen' s Pension Fund. The letter indicated position that members of Local 864
have the constitutional right to have sufficient monies placed in the fund to insure
its acturial soundness.
The Firemen members submitted a letter, dated 11/6/80, for reading into the record ,
directed to Firefighter Gary Newton, President of Local 864 from James R. Tuttle,
Asst. Attorney General , regarding inquiry by the Local into audit report finding
relative to the Firemen Pension Fund. A memo attached, dated 3/31/80 from Assistant
Attorney General ,Jim Pharris to Ken Ehlers of the State Auditor' s Office was also
read (see attached) . The letter and memo were discussed, attention called to
authority invested in actuary which determines City Council discretion as to
omission or other application of portion of the levy as may be found to be
unnessary. Reading of the RCW by the City Attorney was deemed in disharmony
Firmen' s Pension Board
December 9, 1980
Page Two
with the legislative intent - the Mayor noting , however, it was not stated to
be illegal .
Contact Lenses: Recalling inquiry of last month regarding bills for contact
lenses, the secretary reported 1976 board policy established that payment for
contact lenses would be covered to the extent of payment for regular eye
glasses. The contact lenses at that time were not allowed to be worn with
masks due to problems. With the new masks and lenses the problems have been
resolved. The Firemen Board members will check regarding LEOFF Board policy.
As there was no further business to come before the board, it was MOVED BY
HENRY, SECOND RIGGLE, TO ADJOURN. CARRIED. 4:35 P.M.
I,
It r
Delores A. Mead, City Jerk
Renton Firemen' s Pension Board
1
1
0
117
OFFICE OF THE ATTORNEY GENERAL
SLADE GORTON ATTORNEY GENERAL
' TEMPLE OF JUSTICE OLYMPIA, WASHINGTON 38504
'rN f
November 6 , 1980
Mr. Gary Newton, President
Renton Fire Fighters Local 864
211 Mill Avenue South
Renton, Washington 98055
Re: Examination No. 45713
City of Renton
19,78
Dear Mr. Newton: ,
This will respond to your letter of. October 22, 1980 to
Mr. Pharris of this office. In that letter, you expressed
your Local ' s interest in the second finding in this audit
report relative to the firemen' s pension fund.
Copies of the finding (pages 2 and 3 of the report) and
of Mr. Pharris 's March 31 , 1980 memorandum to the Auditor' s
office, which you requested, are enclosed.
�- For your information, City Attorney Warren has promised
a letter any day now covering a new actuarial report which he
is expecting.
Sincerely,
JAMES R. TUTTLE
Assistant Attozney General
JRT:pb
Enclosures
cc: Mr. Lawrence J. Warren
Renton City Attorney
.Q-11-3
01-1^3(rB OF Tf1h AITURNEY GENERAL
MEMORANDUM
m
March 31 , 1980
'TO: KEN EHLERS
State Auditor ' s Office
FROM. JIM PHARRIS
AssistantAttorney General
SUBJECT: Interpretation of RCW 41 . 16 . 060 (Firemen' s Pension Fund)
Ken, this is in response to your request that I reveiw a post-
audit finding on the City of Renton, criticizing the city for
diverting to other municipal purposes the statutory levy for
the firemen's pension fund set forth in RCW 41.16. 060. You have
also supplied me with a copy of a memorandum to the city finance
director from the city attorney, in which the city attorney
apparently takes the position that the City of Renton has authority
under the circumstances to omit the levy or, at its discretion,
apply some or all of it to general municipal purposes rather than
placing it in the firemen' s pension fund. After a review of your
audit finding, and of the city attorney' s letter, together with
applicable statutory and caselaw, I conclude that your audit
finding was well taken, and that a city has discretion to omit
or apply to other purposes only that portion of the firemen' s j
pension fund levy which an actual actuarial study 'reveals to be
in excess to the amount necessary to maintain the actuarial sound-
ness of the fund.
The cit ' s
y attorney ' s reasoning appears to be based in large part
upon the decision of the State Supreme Court in State ex rel .
Longview Firefighters ' Union vs. The City of Longview, 65 Wn. 2d
568 , 399 P. 2d 1 (1965) . I find that case easily distinguishable,
because RCW 41 . 16 .060 has been amended in a crucial way since
that case was decided.
As RCW 41 . 16 . 060 stood in 1965, cities were required to levy (I
admit I am simplifying the statute somewhat, because there are
several provisos) one mill per thousand dollars of assessed valuation
for the firemen' s pension fund and cities. were given the discretion
to levy a second mill if the legislative body of the city found
that the single mill was insufficient to make the firemen' s pension
fund actuarially sound. The pre-1965 version of the statute
authorized, but did not require (that was the point the court made
in the Longview case) the city to conduct an actuarial study to
determine whether the levy of the second mill was necessary . The
•`C.''`3
iWE OF THE ATTORNEY GENERAL
- Aft 119
Memo to Ken Ehlers
March 31 , 1980
Page Two a
Longview Firefighters ' Union case said that under the earlier
w-- version of the statute, the legislatdre conferred discretion
upon the city to make the finding whether the statutory millage
was sufficient or more than sufficient to meet the actuarial
needs. of the firemen' s pension fund, and that the city was not
required to conduct an actuarial study in making its determina-
tion, or to follow the results of such a study if it did decide
to conduct one.
The 1975 legislature (and I cannot help but think the timing
significant) , very shortly after the court decided the Longview
Firefighters ' case, amended the statute to its present form. I
see very little argument but that the obvious purpose of the
legislature in the 1965 amendment was to remove the city' s
discretion to ignore the actuarial study ,' and to remove the
city ' s discretion to have one conducted. As the statute has
read since 1965 (and subsequent amendments have not changed
that structure) , the city must levy the amounts listed in the
two paragraphs of the statute unless the actuarial study finds
that the full amounts are not necessary to keep the firemen' s
pension fund actuarially sound . Absent the conduct of such a
study, and absent a finding in the study that the whole or some
portion of the statutory levy is unnecessary, the city has no
discretion but must place the entire amount in the firemen' s
pension fund.
••• Now, the statute is drafted in such a way as to admit of a
reading I think the Renton city attorney is basing his reasoning
on. That is , the city apparently is reading the statute as
saying that if the actuarial study finds that any portion of
the required statutory levy is unnecessary for firemen' s pension
fund purposes, the full discretion of the City Council is then
triggered and the Council can decide to omit any or all of the
levy or to apply . any or all of it to other municipal purposes.
That reading is , I suggest, in complete disharmony with the
obvious legislative intent of the statute and is , in the final
analysis , nonsense. Carried to its logical conclusion, that
reasoning would lead to the proposition that if an actuarial
study established that the City of Renton needed 22.40 per
thousand dollars of assessed valuation to keep the firemen ' s
pension fund actuarially sound, the Renton City Council could
omit the levy altogether or apply the full 22. 5¢ to other municipal
purposes, notwithstanding that such a decision would leave the
firemen' s pension fund in an actuarially unsound condition .
In contrast, I think the obvious reading of RCW 41 . 16. 060 is that
only the qualified actuary is vested with the authority to
determine whether any or all of the statutory levy is necessary
to maintain the soundness of the firemen' s pension fund. The
City Council has discretion to omit or apply to other purposes
only that portion of the statutory levy which the qualified
actuary finds to be unnecessary for the firemen' s pension fund.
CITY OF RENTON — FIRD11T 'S PENSION FUND
CASH & INVESTINM T ACTIVITY REPORT
As of November 30, 1980
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH & IN11EQMW ACTIVITY Nov. '80 Oct. '80 Month Nov. 179 Month t, '79
CASH a
Beginning Cash Balance . . . . . 49.95 468.53 349.28 176.24
RECEIPTS:
Revenue10,883. 12 3,825.68 3,924.64 3,014.58
Investments Sold 103,200.00 54,100.00 83,100.00 48,300.00
DISBURSDMNTS:
Expenditures 14,043.00 13,644.26 16,394.24 16,941 .54
Investments Purchased . . . . . . 100,000.00 44,700.00 70,900.00 34,200.00
]ENDING CASH BALANCE 90.07 49.95 79.68 349.28
INIVESDaNTS
Savings Accounts, Repurchase
Agreements & Certificates of Deposit 14,400.00 17,600.00 8,200.00 20,400.00
Municipals . . . . . . . . . . . 14,716.54 14,716.54 43,627.29 43,627.29
Corporate Bonds . . . . 327 ,061 .66 327,061 .66 327,061 .66 327,061 .66
Mutual Funds . . . . . . . . . 171 ,888.34 171 ,888.34 211 ,888.34 211 ,888.34
TOTAL IlN'ITESTM TTS . . . . . . . . . . . . . . . . 528,066.54 531 ,266.54 590,777.29 602 ,977.29
TOTAL CASH & INVESTHLNTS . . . • • • 528,156.61 531 ,316.49 590,856.97 603,326.57
INVESTMENT ACTIVITY DURPI G THE CURRENT MONTH:
1. Sold $103,200.00 in Repurchase Agreements
2. Purchased $17,600.00 @12.75% Rate-Maturity 11/7/80
3. Purchased $20,200.00 @13.75% Rate-Maturity 11/14/80
4. Purchased $21 ,000.00 @13.50% Rate-Maturity 11/21/80
5. Purchased $6,000.00 @13.25% Rate-Maturity 11/18/80
6. Purchased $6,900.00 @15.25% Rate-Maturity 11/21/80
7. Purchased $13,900.00 @15.50% Rate-Maturity 11/26/80
8. Purchased $14,400.00 @15.875`,.= Rate-Maturity 12-5-80
121
MEDICAL BILLS FOR NOVEMBER 1980:
A & H DRUGS 833584 J . COLOMBI $ 13.25
�- 45398 R. BEATTEAY 5.00
45191 R. BEATTEAY 23.95
833552 G. NICHOLS 16.55 $ 58.75
ALLERGY CLINIC G. BERGQUIST $ 25.00 $ 25.00
BAKER, GORDON P. , M. D. J . MATTHEW $ 15.00 $ 15.00
BARTELL DRUGS 953474 D. WALSH $ 26.25 $ 26.25
CORNELLS VALLEY PHARMACY 10270 G. BERGQUIST $ 37.60
11051 G. BERGQUIST 28.40
11897 R. GEISSLER 12. 10
11861 M. SHERERTZ 6.40
11757 K. STEEL 8.25
11753 P. WALSH 12.25 $105.00
JAFFE O. D. 688 M. SHERERTZ $198. 17 $198. 17
K' S PHARMACY 110073 R. CONNELL $ 9. 15
110322 R. CONNELL 13.95
110309 W. HENRY 21 .90
110225 G. JONES 23.91
110210 W. LARSON 8.35
110083 T. LaVALLEY 34.20
r•-
110328 B. PHILLIPS 15.35
110162 J . ALEXANDER 9. 35 $136. 16
MONTEFERING CLINIC K. STROM $150.00 $150.00
MONTEFERING CLINIC K. STROM $ 75.00 $ 75.00
OPTICAL DISPENSERS A. PRINGLE $ 89. 10 $ 89. 10
VALLEY GENERAL HOSP. T. La VALLEY $104.00 $104.00
TOTAL MEDICAL COSTS FOR NOVEMBER 1980: $ 982.43
King County Medical Costs for November 1980 $ 504.00
TOTAL MEDICAL COSTS: $1 ,486.43
FIREMEN' S PENSION BOARD PAGE 2 DECEMBER 1980
PENSION PAYMENTS FOR DECEMBER 1980:
ALEXANDER, John (Captain) $1 ,320.00
ANDERSON, Mrs. Enza (Widow) 568.88
ANDERSON, T.K. (Fireman) 1 ,014.50
ASHURST, James F. (Asst. Chief) 1 ,457.00
BANASKY, George (Captain) 224.98
BERGMAN, Ronald A. (Fireman) 30.20
CONNELL, Robert (Captain) 153.58
GOODWIN, Charles (Captain) 1 ,320.00
HAWORTH, Mrs. Constance C. (Widow) 989.04
HAWORTH, Jack (Fireman) 1 ,014.50
HENRY, Paul J . (Fireman) 10.26
HURST, Gerald (Fireman) 101 .66
LAWRENCE, Floyd (Chief) 680.43
PARKS , John (Fireman) 1 ,033.50
PRINGLE, Sylvia Joan (Widow) 891 .25
SHERERTZ, Marvin L. (Battalion Chief) 73.39
SMITH, Leroy (Fireman) 9.73
STROM, Karl (Fireman) 1 ,014.50
TODD, Franklin L. (Fireman) 119.04
TONDA, Ernest J. (Captain) 49. 17
WALSH, Patrick J. 250. 73
TOTAL PENSION PAYMENTS $12,326.34
TOTAL PENSION PAYMENTS FOR DECEMBER 1980 $12,326.34
TOTAL MEDICAL PAYMENTS FOR NOVEMBER 1980 1 ,486.43
TOTAL EXPENSES: Medical/Pension $13,812.77
Reimbursement for services rendered by the Finance Dept.
10/1/80 to 12/31/80 $ 385. 73
Printing Services $ 14.05
----------------------------------------------
TOTAL PENSION PAYMENTS FOR DECEMBER 1979 $11 ,551 .78
TOTAL MEDICAL PAYMENTS FOR NOVEMBER 1979 7,616. 77
TOTAL EXPENSES: Medical/Pension 1979 $19, 168.55
.mr
123
FIREMEN' S PENSION BOARD
Regular Meeting
January 13, 1981
Board Members
Barbara Y. Shinpoch, Mayor-Chairman
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept. Rep.
Ray Barilleaux, Alternate Fire Dept. Rep.
The regular meeting of the Firemen's Pension Board was called to order by
Barbara Shinpoch, Mayor, at 4:00 p.m. in the sixth floor conference room
of the Municipal Building. All board members were present. Also attending
was Ted Bennett, Deputy Finance Director.
MINUTE APPROVAL
MOVED BY RIGGLE, SECOND HENRY TO APPROVE MINUTES OF DECEMBER 9, 1980 AS
WRITTEN. CARRIED.
MONTHLY STATEMENT OF CASH AND INVESTMENTS (See Attached Statement)
Monthly statement prepared by the Finance Department was distributed and
reviewed. High rate of interest on investments still holding , 19.679 from
Bache. Ted Bennett, upon board inquiry, outlined process of investments,
telephoning,or contact by the banking institution to secure highest
investment interest rates. December investment activity was listed as
follows:
1) Received $5,220. 76 payment on LID #269 Installment Note
2) Sold $97,000.00 in Repos.
3) Purchased $17,600.00 Repo from Bache @ 17.00% to mature December 12, 1980.
4) Purchased $23,600.00 Repo from Bache @ 19.55% to Mature December 22, 1980.
5) Purchased $15,800.00 Repo from Peoples @ 19.00% to Mature December 19, 1980.
6) Purchased $2,000.00 Repo from Bache @ 18. 75% to Mature December 22, 1980.
7) Purchased $2,000.00 B/A from Peoples @ 19.679% to Mature January 27, 1981 .
8) Purchased $23,600.00 Repo from Bache @ 18.625% to Mature December 31 , 1980.
9) Purchased $24, 5CO.GO Certificate of Deposit from Seattle National Bank
@ 17.50% to Mature January 23, 1981 .
MONTHLY BILLS AND PENSION PAYMENTS_ (See Attached List)
List of December bills aid J
Firemen' s Pension Board
January 13, 1981
Page Two
NEW BUSINESS
Election of Board Member: Letter from Richard Geissler, Fire Chief, reported
election among eligible firefighters and re-election of Bill Henry to the
Firemen' s Pension Board for a two year term expiring December 31 , 1982. Bill
Henry was extended congratulations and welcome.
Social Security/Medicare: Fireman Henry requested information concerning Social
Security/Medicare benefits for retired firemen and whether once qualified the
law requires participation and how the pension fund might be affected in this
regard.
Pension Fund: The Firemen Board members expressed a desire to meet with the
City Council members to discuss their views concerning the pension fund as
new councilmen probably are not knowledgeable. Councilman Clymer suggested
the council would not likely be receptive to individual opinions which were
not a consensus of the entire board.
As there was no further business to come before the board, it was MOVED BY
RIGGLE, SECOND HENRY, TO ADJOURN. CARRIED. 4:38 P.M.
zotz_zCl bmw
a�
Delores A. Mead, City Uerk
Renton Firemen ' s Pension Board
MEDICAL BILLS FOR DECEMBER 1980:
A & H DRUGS 45882 R. BEATTEAY $ 4. 30
46869 R. BEATTEAY 39. 50
833729 J . COLOMBI 15.95
833739 J. COLOMBI 13.25
833407 J . COLOMBI 3.95
833155 D. RIGGLE 9.90 $ 86.85
ALLERGY CLINIC G. BERGQUIST $ 25.00 $ 25.00
BARTELL DRUGS 954347 T. ANDERSON $ 12. 10 $ 12. 10
BENSON HILL DRUG 1032 N. VACCA $ 20. 15 $ 20. 15
BURIEN PLAZA DRUGS L. EAGER $ 5.48 $ 5.48
HARTWIG, JAMES H. , M. D. 47806 J . COLOMBI $ 8.00 $ 8.00
K' S PHARMACY 110802 T.K. ANDERSON $ 14.50
110468 R. CONNELL 9. 15
110646 T. LaVALLEY 34.20
110482 B. PHILLIPS 10.20
110451 J . RUPPRECHT 26.65
110706 J . RUPPRECHT 12. 35 $107.05
MONTEFERING CLINIC K. STROM $150.00 $150.00
SUNSET PLAZA CHIROPRACTIC CLINIC G. NICHOLS $ 14.00 $ 14.00
SUNSET PLAZA CHIROPRACTIC CLINIC G. NICHOLS $ 28.00 $ 28.00
VALLEY GENERAL HOSPITAL E. TONDA $ 17.30 $ 17. 30
VALLEY GENERAL HOSPITAL D. WALSH $ 32.00 $ 32.00
TOTAL MEDICAL COSTS FOR DECEMBER 1980: $505-93
King County Medical Costs for December 1980 $540.00
TOTAL MEDICAL COSTS $1 ,045.93
FIREMEN' S PENSION BOARD PAGE 2 JANUARY 1981
PENSION PAYMENTS FOR JANUARY 1981 :
ALEXANDER, John (Captain) $ 1 ,479.50
ANDERSON, Mrs. Enza (Widow) 568.88
ANDERSON, T. K. (Fireman) 1 , 136.50
ASHURST, James F. (Asst. Chief) 1 ,633.00
BANASKY, George (Captain) 416.38
BERGMAN, Ronald A. (Fireman) 134.60
CONNELL, Robert (Captain) 313.08
GOODWIN, Charles (Captain) 1 ,479.50
HAWORTH, Mrs. Constance C. (Widow) 989.04
HAWORTH, Jack (Fireman) 1 ,136.50
HENRY, Paul J. (Fireman) 159.66
HURS T, Gerald (Fireman) 226. 16
LAWRENCE, Floyd (Chief) 680.43
PARKS, John (Fireman) 1 , 158.00
PRINGLE, Sylvia Joan (Widow) 891 .25
SHERERTZ, Marvin L. (Batt. Chief) 277.55
SMITH, Leroy (Fireman) 129.23
STROM, Karl (Fireman) 1 , 136.50
TODD, Franklin L. (Fireman) 238.54
TONDA, Ernest J. (Captain) 259. 71
WALLS, M.C. (Chief) 66. 70
WALSH, Patrick J . (Captain) 410.23
WILLIAMS, George H. (Chief) 37. 81
TOTAL PENSION PAYMENTS $14,958. 75
TOTAL PENSION PAYMENTS FOR JANUARY 1981 $14,958. 75
TOTAL MEDICAL PAYMENTS FOR DECEMBER 1980 $ 1 ,045.93
TOTAL EXPENSES: Medical/Pension $16,004.68
----------------------------------------------------------------------------
TOTAL PENSION PAYMENTS FOR JANUARY 1980 $13, 157.63
TOTAL MEDICAL PAYMENTS FOR DECEMBER 1979 340.71
TOTAL EXPENSES: Medical/Pension $13,498.34
NANO
FIREMEN' S PENSION BOARD
Regular Meeting
February 17, 1981
Board Members
Barbara Y. Shinpoch, Mayor
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept. Rep.
Ray Bari l leaux, Alternate Fire Dept. Rep.
The regular meeting of the Firemen' s Pension Board was called to order by
Barbara Y. Shinpoch, Mayor, at 4:00 p.m. in the sixth floor conference room
of the Municipal Building. All board members were present. Also attending
was Ted Bennett, Acting Finance Director.
MINUTE APPROVAL
MOVED BY HENRY, SECOND RIGGLE, TO APPROVE MINUTES OF JANUARY 13, 1981 AS
WRITTEN. CARRIED.
MONTHLY STATEMENT OF CASH AND INVESTMENTS (See Attached Statement)
Fireman Board Member Henry requested additional details as regards the "dollars
and cents " of earnings on investments and length of time of investment to
acquire such earnings.
Ted Bennett advised of weekly check for investment placements and that funds are
invested for as long as possible according to cash flow requirements and depending_
upon the market, interest rates and investment opportunities monitored for best
results. He advised he will provide additional investment details as requested.
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
List of January bills and February pension payments was distributed in total
sum of $16, 194. 82. MOVED BY HENRY, SECOND RIGGLE , TO APPROVE PAYMENTS OF MEDICAL
AND PENSION PAYMENTS AS PRESENTED. CARRIED.
OLD BUSINESS
Actuarial Report: Mayor Shinpoch advised that with concurrence of the board members
the present administration would allocate funds in the city 's supplemental budget
to bring the pension fund valuation into conformance with actuary recommendations,
this action deemed appropriate predicated upon fund availability at this time. During
ensuing discussion it was noted the Council would look to the Pension Board recommen-
dation in taking its supplemental budget action, it being pointed out that the
current actuarial report was not available at budget time this year, but could serve
as direction to the Council for ensuing budget.
The Board members expressed individual views regarding the Mayor' s suggestion as
did Acting Finance Director Bennett. The firemen urged that the fund be maintained
on a actuarily sound basis according to law as well as to the report. MOVED BY HENRY,
SECOND RIGGLE, THE BOARD CONCUR IN THE SUPPLEMENTAL ALLOCATION AND RECOMMENDATION TO
THE COUNCIL AS PROPOSED BY THE MAYOR. CARRIED.
Question had been raised regarding disposition of the fund at such time as all
actuarial obligations of the fund have been met, as to whether the monies then
become available to the City or whether there might be possible acquisition by
the State LEOFF Fund. The secretary was requested to direct the questions to the
City Attorney for research of the matter.
Firemen' s Pension Board
February 17, 1981
Page Two
Contact Lenses: Board member Henry reported that the LEOFF Board does not
anticipate any change in allowance for contact lenses, which are now fully
covered to the same extent as prescription eyeglasses as now allowed by this
Board. Seattle does not allow the use of contact lenses and eyeglasses are
funded to a limit of $100.00.
It was recommended that no change in funding for contactior eyeglasses be
effected at this time.
As there was no further business to come before the board, it was MOVED BY
RIGGLE, SECOND HENRY, TO ADJOURN. CARRIED. 5:00 P.M.
Delores A. Mead, City C erk
Renton Firmen' s Pension Board
MEDICAL BILLS FOR JANUARY 1981 :
BARTELL DRUGS 954639 T. ANDERSON $ 30.60 $ 30.60
CORNELL'S VALLEY PHARMACY 11529 G. BERGQUIST $ 15.35
11700 G. BERGQUIST _28.20 $ 43.55
K'S PHARMACY 110851 R. CONNELL $ 37.95
111012 R. CONNELL 6.35
110886 W. LARSON 25.30
111009 W. LARSON 25.30
110903 T. LaVALLEY 25.17
110818 K. McINNIS 3.05
111069 J. RUPPRECHT 11.15 $134.27
K'S PHARMACY 110955 J. ALEXANDER $ 7.75
111102 J. ALEXANDER 7.75
111020 T. ANDERSON 4.35
111044 T. ANDERSON 8.25
111121 T. ANDERSON 11.05 $ 39.15
MONTEFERING CLINIC K. STROM $225.00 $225.00
VALLEY GENERAL HOSPITAL G. HURST $204.00 $204.00
TOTAL MEDICAL COSTS FOR JANUARY 1981 $676.57
King County Medical Costs for January 1981 $540.00
TOTAL MEDICAL COSTS $1,216.57
FIREMEN'S PENSION BOARD PAGE 2 FEBRUARY 1981
PENSION PAYMENTS FOR FEBRUARY 1981 :
ALEXANDER, John (Captain) $1 ,479.50
qw� ANDERSON, Mrs. Enza (Widow) 568.88
ANDERSON, T.K. (Fireman) 1 ,136.50
ASHURST, James F. (Asst. Chief) 1 ,633.00
BANASKY, George (Captain) 416. 38
BERGMAN, Ronald A. (Fireman) 134.60
CONNELL, Robert (Captain) 313.08
GOODWIN, Charles (Captain) 1 ,479.50
HAWORTH, Mrs. Constance C. (Widow) 989.04
HAWORTH, Jack (Fireman) 1 ,136.50
HENRY, Paul J. (Fireman) 159.66
HURST, Gerald (Fireman) 226. 16
LAWRENCE, Floyd (Chief) 680.43
PARKS, John (Fireman) 1 , 158.00
PRINGLE, Sylvia Joan (Widow) 891 .25
SHERERTZ, Marvin L. (Battlion Chief) 277.55
SMITH , Leroy (Fireman) 129.23
STROM, Karl (Fireman) 1 , 136. 50
TODD, Franklin L. (Fireman) 238.54
TONDA, Ernest J. (Captain) 259. 71
WALLS, M. C. (Fire Chief) 66. 70
WALSH, Patrick J. (Captain) 410.23
WILLIAMS , George H. (Chief) 57. 31
TOTAL PENSION PAYMENTS $14,978.25
r...Y
TOTAL PENSION PAYMENTS FOR FEBRUARY 1981 $14,978.25
TOTAL MEDICAL PAYMENTS FOR JANUARY 1981 1 ,216. 57
-TOTAL EXPENSES : Medical/Pension $16, 194.82
------------------------------------------------------------------------------
TOTAL PENSION PAYMENTS FOR FEBRUARY 1980 $12,981 .81
TOTAL MEDICAL PAYMENTS FOR JANUARY 1980 620. 14
TOTAL EXPENSES: Medical/Pension $13,601 .95
i
Ir
CITY OF RENTONT - FIRDfE1'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
As of JANUARY 31 , 1981
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH & ININ'ESTMENT ACTIVITY Jan '81 Dec '80 Month Jan '80 Month Dec '79
CASH
Beginning Cash Balance . . . . . . . . . . . 17. 17 90.07 2,695.70 79.68
RECEIPTS:
Revenue3,700.39 21 ,040.84 490.68 8,556.25
Investments Sold 53,400.00 102 ,220.76 69,000.00 53 ,167.00
DISBURSDENTS:
Expenditures . . 15,464.58 14,234.50 13,510.24 16,207.23
Investments Purchased . . . . . . . . . 41 ,600.00 109,100.00 58,600.00 42 ,900.00
ENDING CASH BALANCE . . . 52.98 17. 17 76.14 2 ,695.70
INVESTMENTS
Savings Accounts, Repurchase
Agreements & Certificates of Deposit . . . . . . . 14,700.00 26,500.00 4,100.00 14,500.00
Municipals . . . . . . . . . . . . . . . . . . . . 9,495.78 9,495.78 27,060.29 27,060.29
Corporate Bonds . . . . . . . . . . . . . . 0 327,061 .66 327,061 .66 327,061 .66 327,061 .66
Mutual Funds . . . . . . . . . . . . . . . . . . . 171 ,888.34 171 ,888.34 211 ,888.34 211 ,888.34
TOTAL INVESTMENTS . . . . . . . . . . . . . . . . 523 ,145.78 534,945.78 570,110.29 580 ,510.29
TOTAL CASH & INVESTMM-TS . . . . . . . . . . . . . 523,198.76 534,962.95 570,186.43 583 ,205.99
IN'VESTMEW ACTIVITY DURING THE CURRENT MONTH:
1 . Sold $53,400.00 in Repos.
2. Purchased $12 ,300.00 Repo from Bache @ 18.50% to mature 1-27-81
3. Purchased $14,600.00 Repo from Bache @ 18.00% to mature 1-30-81
4. Purchased $14,700.00 Repo from Bache @ 16.375% to mature 2-6-81
cY)
FIREMEN' S PENSION BOARD
Regular Meeting
March 10, 1981
Board Members ,
Barbara Y. Shinpoch, Mayor
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Dept. Rep.
David Riggle, Fire Dept. Rep.
Ray Barilleaux, Alternate Fire Dept. Rep.
The regular meeting of the Firemen ' s Pension Board was called to order by
Barbara Y. Shinpoch, Mayor, at 4:00 p.m. in the sixth floor conference room
of the Municipal Building. Earl Clymer and Bill Henry were not present.
Ted Bennett, Acting Finance Director, was present.
MINUTE APPROVAL
MOVED BY RIGGLE, SECOND MEAD, TO APPROVE MINUTES OF FEBRUARY 17, 1981 AS
WRITTEN. CARRIED.
MONTHLY STATEMENT OF CASH AND INVESTMENTS (See Attached Statement)
Monthly statement of investment activity was distributed and reviewed.
Attention was called to additional information as concerns the dollar
amounts of interest earned and length of time investments were earned.
Ted Bennett, Acting Finance Director, was thanked for providing the
additional investment earning details. Investments to February 28, 1981
were as follows:
1 ) Sold $37, 100.00 in Repurchase Agreements
2) Sold $18, 100.00 Bankers Acceptance Peoples/Bankers Trust
3) Purchased $6,800.00 Certificate of Deposit , Queen City on 2/20 to
mature 3/6 @ 17. 75% 14 days will earn $46.94
4) Purchased $18, 100.00 Bankers Acceptance from Peoples on 2/6 to
mature 2/17 @ 16.40% 11 days earned $90. 70
5) Purchased $22,400.00 Repurchase Agreement from Peoples on 2/17
to mature 2/20 @ 16.00% 3 days earned $29.87
MONTHLY BILLS AND PENSION PAYMENTS (See Attached List)
February bills and March pension payments in the sum of $16,648.81 were
reviewed. Attention was called to mid-month funeral expense payment for
retired fireman Marvin Sherertz deceased, as provided by RCW 41 . 18. 140 due
to fireman contributing to the pension fund prior to joining the LEOFF
retirement system. The funeral benefit is $500.00.
The secretary also noted two bills wherein chiropractic benefits had been
exhausted, the pension fund paying the balance (ten calls covered per year) .
OLD BUSINESS
Disposition of Pension Fund Monies : Letter from City Attorney Larry Warren
acknowledged inquiry by the Board as concerns disposition of any remaining
funds in the Firemen' s Pension Fund when all recipients are deceased and the
fund has no further obligations. It was pointed out that based upon actuarial
reports there should be little or no monies remaining in the funds ; since
the council is required to pay monies into the fund based upon actuarial
reports. The yearly contributions would decrease as the class of people
FIREMEN' S PENSION BOARD
March 10, 1981
Page Two
paid decreases due to death. Annual contributions diminish and only a small
fund would eventually be administered.
Once the obligations of the fund had been met the monies would be returned
to the City, the fund constituting local tax monies in which the state has
no interest.
Fireman Riggle requested the Attorney' s remarks concerning required Council
contributions be written into the record.
Social Security/Medicare Benefits: Secretary Mead recalled Board inquiries
regarding Social Security/Medicare benefits and reported:
Plan A: Automatic (at no cost) upon application.
Plan B Supplement : Covers doctors appointments and the cost is
$9.60 per month.
Plan B may be turned down twice and A may be obtained any time.
Some pension regulations require medicare to be carried.
Firemen' s Pension Board member Riggle inquired whether Plan B payments could
be picked up by the pension fund for retired firemen as are medical premiums,
which he suggested might save money. Question was raised also whether medical
benefits are available if an individual has never paid into social security.
The secretary advised she would research the subject fund and report back.
Supplemental Budget: Fireman Riggle inquired as to status of the supplemental
budget. Mayor Shinpoch advised it would be ready for presentation to the
Council next week, however, actual fund allocations would be based upon the
receipt of revenues.
NEW BUSINESS
House Bill 37: Secretary Mead called attention to House Bill 37, Standarized
LEOFF Board Policies and Procedures, which may have some significance to the
Firemen' s Pension Board - the bill would be monitored.
Mututal Fund Investments: The secretary reported that mutual fund investments
are approaching maximum allowed by law, liquidation necessary to maintain
proper legal limit. MOVED BY MEAD, SECOND RIGGLE, THAT TED BENNETT, ACTING
FINANCE DIRECTOR, BE AUTHORIZED TO SEND OUT MUTUAL FUND LIQUIDATION NOTICES
AS NECESSARY TO MAINTAIN NO MORE THAN 35% OF TOTAL INVESTMENTS IN MUTUALS AND
AS REQUIRED FOR CASH FLOW. CARRIED.
After discussion regarding investments it was suggested that Mr. Gary Dime
of the Dean Witter and Co. be invited to attend the Pension Board meeting to
discuss the investments. Ted Bennett will contact Mr. Dime.
As there was no further business to come before the Board, it was MOVED BY
MEAD, SECOND RIGGLE, TO ADJOURN. CARRIED. 5:00 P.M.
Delores A. Mead, City Clerk
Renton Firemen' s Pension Board
1�✓
MEDICAL BILLS FOR FEBRUARY 1981 :
A & H DRUGS 47017 R. BEATTEAY $ 5.80
47458 R. BEATTEAY 6. 50
833661 J . COLOMNI 13.90
162608 J . MCLAUGHLIN 4.95
162617 G. NICHOLS 5.55
162604 G. NICHOLS 8.45 $ 45. 15
BAKER, GORDON P. , M. D. J. MATTHEW $32.00 $ 32.00
BARTELL DRUGS T.K. ANDERSON $ 3.33 $ 3.33
BARTELL DRUGS 955018 C. CHRISTENSON $22.00
955028 D. WALSH 26.25 $ 48.25
HARTWIG, J.H. , M. D. D. RIGGLE $ 9.00 $ 9.00
K' S PHARMACY 111250 R. CONNELL $23. 10
ll1419 L. EAGER 15. 35
111275 W. LARSON 15. 75
111384 W. LARSON 6.05
111567 W. LARSON 4.60
111208 B. PHILLIPS 25.95
111382 J. RUPPRECHT 16.55
111438 L. WEISS 7.65 $115.00
K' S PHARMACY 111364 J . ASHURST $ 9.24
111238 J. PARKS 12.37 $ 21 .61
PAY-N-SAVE CORP. J . MATTHEW $ 5.85 $ 5.85
RENTON OPTOMETRY CLINIC P. WALSH $20.00 $ 20.00
ROSAUER' S PHARMACY L. SMITH $10. 17 $ 10. 17
SUNSET PLAZA CHIROPRACTIC CLINIC P. WALSH $28.00 $ 28.00
SUNSET PLAZA CHIROPRACTIC CLINIC M. MOELLER $267.00 $267.00
TOTAL MEDICAL COSTS FOR FEBRUARY 1981 : $605. 36
King County Medical Costs:
Adjustment for January for 1981 increase $12.60
February $552.60 $565.20
TOTAL MEDICAL COSTS $1 , 170.56
Is-1
FIREMEN' S PENSION BOARD PAGE 2 MARCH 1981
PENSION PAYMENTS FOR MARCH 1981 :
ALEXANDER, John (Captain) $1 ,479. 50
ANDERSON, Mrs. Enza (Widow) 568.88
ANDERSON, T.K. (Fireman) 1 , 136. 50
ASHURST, James F. (Asst. Chief) 1 ,633.00
BANASKY, George (Captain) 416. 38
BERGMAN, Ronald A. (Fireman) 134.60
CONNELL, Robert (Captain) 313.08
GOODWIN, Charles (Captain) 1 ,479.50
HAWORTH, Mrs. Constance C. (Widow) 989.04
HAWORTH, Jack (Fireman) 1 , 136. 50
HENRY, Paul J . (Fireman) 159.66
HURST, Gerald (Fireman) 226. 16
LAWRENCE, Floyd (Chief) 680.43
PARKS, John (Fireman) 1 , 158.00
PRINGLE, Sylvia Joan (Widow) 891 .25
SHERERTZ, Alma B. (Widow) 277.55
SMITH, Leroy (Fireman) 129.23
STROM, Karl (Fireman) 1 , 136.50
TODD, Franklin (Fireman) 238.54
TONDA, Ernest J. (Captain) 259. 71
WALLS, M. C. (Chief) 66. 70
WALSH, Patrick J. (Captain) 410.23
WILLAIMS, George H. (Chief) 57. 31
TOTAL PENSION PAYMENTS $14,978.25
Funeral Expense for Marvin L. Sherertz 500.00
TOTAL $15,478.25
TOTAL PENSION PAYMENTS FOR MARCH 1981 $15,478.25
TOTAL MEDICAL PAYMENTS FOR FEBRUARY 1981 1 , 170.56
TOTAL EXPENSES: Medical/Pension $16,648.81
--------------------------------------------------------------------------------
TOTAL PENSION PAYMENTS FOR MARCH 1980 $12,694. 10
TOTAL MEDICAL PAYMENTS FOR FEBRUARY 1980 429.29
TOTAL EXPENSES: Medical/Pension $13, 123. 39
rr
I
CITY OF RENION - FIRE`fLNIS PR�SION FLED
CASH & IN ESPIENT ACTIVITY REPORT
As of February 28, 1981
Current Month Previous Month Last Yr. Current Last Yr. Precious
CASH & INVESTMENT ACTIVITY Feb. '81 Jan. '81 Month Feb. '80 Month Jan. ° 80
CASH
Beginning Cash Balance . . . . . . . . . . 52.98 17. 17 76.14 2,695.70
RECEIPTS:
Revenue9,015.58 3,700.39 5,418.29 490.68
Investments Sold 55,200.00 53,400.00 25,200.00 69,000.00
DISBURSEr]ENTS:
Expenditures 16,859.00 15,464.58 14,379.18 13,510.24
Investments Purchased 47,300.00 41 ,600.00 21 ,100.00 58,600.00
ENDING CASH BALANCE . . . o 109.56 52.98 4,784.75- 76. 14
INVESTMENTS
Savings Accounts,
Agreements & C._-rtificates of Depos .." 22,500.00 14,700.00 -0- 4 .100.00
' Municipals 9 e 9,495.78 9,495.78 27,050.19 27,060.2:,
Corporate Bonds 327,061.66 327,061.66 327,061.66 327 ,061 .66
Mutual Funds . . . , . . . . . . . . . . . . . . 171 ,888.34 171 ,888.34 211 ,888.34 211 ,888.3--
TOTAL
11 ,888.3TOTAL INVESTMENTS . . . . . . . . . . . . . . 530,945.78 523,145.78 566,010.29 570,110.29
TOTAL CASH & INVESTMENTS . . . . . . . . . . . . . 531 ,055.34 523,198.76 561.225.54 570,186.43
INVESTMENT ACTIVITY DURING THE CURRENT MONTH:
1. Sold $37,100.00 in Repurchase Agreements
2. Sold $18,100.00 Bankers Acceptance Peoples/Bankers Trust
3. Purchased $6,600.00 Certificate-of Deposit, Queen City on 2/20 to mature 3/6 @17.75% 14 Days will earn $46.94
4. Purchased $18,100.00 Bankers Acceptance from Peoples on 2/6 to mature 2/17 @ 16.40% 11 Days earned $90.70
5. Purchased $22,400.00 Repurchase Agreement from Peoples on 2/17 to mature 2/20 @ 16.00% 3 Days earned $29.87
FIREMEN ' S PENSION BOARD
Regular Meeting
June 9 , 1981
BOARD MEMBERS
Barbara Y. Shinpoch, Mayor
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Department Representative
Ray Barilleaux, Alternate Fire Department Representative
The regular mont,ily meeting of the 1-iremen' s Pension Board was call to order
by Mayor Barbara Y. Shinpoch, Chairman, at 4:00 p.m. in the Sixth Floor Conference
Room. Board Members Bill Henry and Earl Clymer were absent; Ted Bennett, Acting
Finance Director was present.
MINUTE APPROVAL
MOVED BY RIGGLE SECONDED BY MEAD, TO APPROVE THE MINUTES OF THE PREVIOUS MEETING
OF MAY 12, 1981 AS WRITTEN. MOTION CARRIED.
CORRESPONDENCE
Letter from Jack Haworth, Retired Fireman, was read requesting reopening of his
file to consider claims for hospital and doctor bills in the sum of $3 ,620.48, previ-
ously denied by the Board since the disability did not appear to be that for which
he had been retired. Mr. Haworth t..1-ther requested referral of his case to the
Attorney General for further consideration. MOVED BY RIGGLE, SECONDED BY MEAD, TO
REFER THE LETTER TO THE CITY ATTORNEY EXPLAINING THE BOARD' S POSITION WITH INQUIRY
WHETHER THE ATTORNEY GENERAL OPINION CAN RESOLVE THE PROBLEM. CARRIED. It was
suggested that Mr. Haworth be invited to attend a Board meeting. OR
Letter from Del Mead, Board SecretEi;,y, cited RCW 41 . 18. 104 requirement that the
Board meet annually prior to June 30th, for the purpose of adjusting benefit allow-
ance of Pensioners and Widows, payable July 1st. Increases are to be based upon the
Consumer Price Index for the "eattle area for the prior calendar year, as compiled
by the U. S. Department of Labor. The ,-, -mula and C.P. I . Charts were listed and the
computations indicated 12.2% index point change for 1980. Board adoption was recom-
mended with pension increases going to Floyd Lawrence, S. Joan Pringle, Constance
Haworth and Enza Anderson. MOVED BY RIGGLE, SECONDED BY MEAD, TO GRANT THE 12.2%
COST OF LIVING INCREASE, EFFECTIVE JULY 1 , 1981 WITH REFERRAL TO THE FINANCE DEPART-
MENT FOR IMPLEMENTATION. MOTION CARRIED.
MONTHLY STATEMENT OF CASH AND INVESTMENTS
Monthly Financial Statement was reviewed, interest still holding on repurchase
agreements , high @ 18.37% this month. (See attached statement. )
MONTHLY BILLS AND PENSION PAYMENTS (List Attached)
May Medical Bills and June Pension Payments , in total sum of $14,867.20, were
reviewed. MOVED BY RIGGLE, SECONDED BY MEAD, TO APPROVE THE MEDICAL BILLS AND
PENSIONS AS PRESENTED WITH WARRANTS AUTHORIZED TO BE DRAWN FOR PAYMENT. CARRIED.
OLD BUSINESS
Fireman Board Member Riggle inquired regarding availability of the City' s assessed
valuation. Ted Bennett advised estimate can be made but new construction needs to
be included and those figures are not yet available.
saw
As there was no further business to come before the Board , it was MOVED BY MEAD,
SECONDED BY RIGGLE, TO ADJOURN. CARRIED. (Time: 4:35 p.m. )
Delores A. Mead, City Clerk-Secretary
Firemen ' s Pensirn Pnard
CITY OF RENT0\ — FIRLMFN'S PENSION FLND
CASH & I1\13✓STNMT ACTIVITY REPORT
As of MAY 31 , 1981
Current Month Previous Month Last Yr. Current Last Yr. Precious
CASH & IN ESTMMTT ACTIVITY May '81 April '81_ Month Bay '80 MonthApr i 1 180
CASH
BegiTuiing Cash Balance $ 895.67 $ 68.39 $ 459.61 $ (8,570.94)
RECEIPTS:
Revenue 58,203.69 6,371 .05 39,522.34 3,251 . 18
Investments Sold . . . . . . . . . . . . . . . . 83,825.00 70,426.73 90,177. 15 83,583.49
DI SBURSii MTS:
Expenditures . . . . . . . . . . . . . . . . 15,071 .42 15,070.50 13,667. 55 13,147.23
Investments Purchased . . . . . . . . . . . . . . 127,000.00 60,900.00 116,400.00 64,656.89
aTDING CASH BALANCE . . . . . . . . . . . . . . . 852.94 895.67 91 .52 459.61
INVESPMTS
Savings Accounts, Repurchase
Agreements & Certifi� :: _s of Deposit . . . $ 64,300.00 $ 21 ,100.00 $ E0 ,200.00 $ 21 ,000.00
,4kplcipals . . • . . . 3,100.46 15,0:-u.u9 18,0-3.24
V%- 3,100.46
Corporate Bonds . . . . . . . . . . . . . . . 327,061 .66 327,061 .66 327,061 .66 327,061 .66
Mutual Funds . . . . , . . . . . . . . . • • 139,888.34 139,888.34 171 ,888.34 171 ,888.34
TOTAL INVESPiUTS . . . . . . . . . . . . . . 534,350.46 491 ,150.46 564,846.09 538,623.24
TOTAL CASH & INITSTMM TS . . . . . . . . . . . . . 535,203.40 492 ,046.13 5641937.61 539,082.85
IWESPIENT ACTIVITY DURING THE CURRUNT �10\TII: Earned
1 . Sold $83,800.00 in Repurchase Agreements. n Days Interest
2. Purchased $3,700.00 in Repurchase Agreements from Peoples National Bank 5/6/81 @16.50% 5/8/81 2 $ 3.38
3. Purchased $28,500.00 in Repurchase Agreements from Bache 5/8/81 @17.75% 5/15/81 7 98.35
4. Purchased $17,000.00 in Repurchase Agreements from Bache 5/13/81 @17.25% 5/22/81 9 73.26
5. Purchased $13,500.00 in Repurchase Agreements from Bache 5/15/81 @17.80% 5/22/81 7 46.69
6. Purchased $25,900.00 in Repurchase Agreements from Bache 5/22/81 @18.375% 6/5/81 14 184.94
7. Purchased $38,400.00 in Repurchase Agreements from Bache 5/29/81 @16.50% 6/5/81 7 123.20
FIREMEN'S PENSION BOARD PAGE 2 JUNE, 1981
PENSION PAYMENTS FOR MAY 1981:
ALEXANDER, John (Captain) $ 1,479.50
ANDERSON, Mrs. Enza (Widow) 568.88
ANDERSON, T. K. (Fireman) 1,136.50
ASHURST, James F. (Asst. Chief) 1,633.00
BANASKY, George (Captain) 197.85
CONNELL, Robert (Captain) 125.52
GOODWIN, Charles (Captain) 1,479.50
HAWORTH, Mrs. Constance C. (Widow) 989.04
HAWORTH, Jack (Fireman) 1, 136.50
HURST, Gerald (Fireman) 76.32
LAWRENCE, Floyd (Chief) 680.43
PARKS, John (Fireman) 1,158.00
PRINGLE, Sylvia Joan (Widow) 891.25
SHERERTZ, Alma B. (Widow) 17.58
STROM, Karl (Fireman) 1, 136.50
TODD, Franklin L. (Fireman) 97.61
WALSH, Patrick J. (Captain) 238. 29
TOTAL PENSION PAYMENTS $13,042.27
TOTAL PENSION PAYMENTS FOR JUNE, 1981. 13,042.27
TOTAL MEDICAL PAYMENTS FOR MAY, 1981 1,824.93
TOTAL EXPENSES: Medical/Pension $14,867.20
-------------------------------------------------------------------------------------
TOTAL PENSION PAYMENTS FOR JUNE 1980 $ 19,950.90
TOTAL MEDICAL PAYMENTS FOR MAY 1980 1,267.46
TOTAL EXPENSES: Medical/Pension $ 21,218. 36
MEDICAL BILLS FOR JUNE, 1981 139
BAR1'ELL DRUGS 949251 D. WALSH $ 5.65
949439 D. WALSH 19.10
949312 D. WALSH 8.30 $ 33.05
�NIEL H. COLEMAN, M.D. (Reimburse) J. ALEXANDER 64.20 64.20
GREEN & JACKSON DRUG 31370 G. WI':LIAMS 6.45 6.45
JAMES H. HARTWIG, M.D. 49971 J. COWMBI 9.00
49860 K. WALLA 9.00 18.00
NEAL S. JENSEN, O.D. 67530 D. GOODWIN 187.70 187.70
K'S PHARMACY 112583 R. BERGMAN 8.60
112385 R. CONNELL 7.30
112429 R. CONNELL r 10.05
112541 R. CONNELL 13.95
112413 D. GOODWIN 3.50
112369 B. PHILLIPS 15.35
112729 J. RUPPRECHT 16.55
112439 K. WALLS 5.80
WALLS 13.9 95.05
112559 ii.
PAY N' SAVE 5923955 C. ANKENY 4.75
5637849 M MOELLER 12. 71 17.46
RENTON COLUMBIAN
OPTICAL CO. (Reimburse) J. RUPPRECHT 118.70 118.70
L. WHITE, D.C. 66970 G. GOTTI 9.00 9.00
>. S. WILLE`i`T, INC. 92060 D. GOODWIN 676.67 676.67
TOTAL MEDICAL COSTS FOR JUNE, 1981: $1,226.28
KING COUNTY MEDICAL COSTS: 598.65
TOTAL MEDICAL COSTS: $1,824.9a-
C14 A R TF f
1,824.9x.C14ARTFf 1 It fl, I A WSo GF 1955
ri?f n+�r`:r.,tee ;o `�►.:•tv :o"i'r tmoo AEwwwy rat 1'
•"FNv'1J^•'. t<:kY t�=ti iyl, ttG,si« •M'.'3: NL�h fWiY;:�yt:(!% 7f•ft`
`i h\•it.r`,S}'t+:f.`:f's:. "A •+tt.::.ls!.R Pf.FtN:;•Adt.^..'t{N,;,{,(<ttiSfj
if;'\r,itt. q4.1 ':laAf 'i^:. !lt'u ! X 4 kwr. -ti Mml tk;rAw
J:fl!:'.;l!Ii;Z:! 7�1.A71:i;L!:'6:.0^i Lfi�' ',:tsiT;Ff ifi 2itdp C1t.XA,
OF R4�V
`� THE CITY OF RENTON
U 410 z MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON,WASH. 98055
oo BARBARA Y. SHINPOCH. MAYOR • DELORES A. MEAD.
% (0' CITY CLERK • (206) 235-2500
0,9gTFD SEPZEo0
June 9, 1981
Members of Firemen's Pension Board
Municipal Building
Renton, Washington 98055
RE: Cost of Living Increase for Retirement and Widow Pensions
Payable July 1, 1981
Dear Board Members:
R.C.W. 41. .'_9. 104 (copy attachf,,3) provides that the Pension Board shall
meet after March 31st and prior to June 30th for the purpose of adjusting
benefit allowances, as above-referenced, based on the increase in the
Consumer Price Index for the Seattle area the previous year.
The increase was computed according to formula provided by the U. S. Labor
Department, as follows:
INDEX POINT CHANGE
CPI - January, 1981 $262.30
Less Previous Index - 233.80
Equals Index Point Chang.- $ 28.50
PERCENT CHANGE
Index Point Difference $ 28.50
Divided by previous index 233.80
Equals 0. 121899
Results multipled by 100 x 100
Equals Percent Change 12.1899=12.19
Rounded to 12.2%
Attached are C.P.I. chaff.:s which ,rtre used in the computations for your
further information.
It is recommended the Board adopt the 12.2% increase for 1981 at this
time and that the matter be reerred to the Finance Department for
implementation.
Yours very truly,
CITY OF RENTON
r
DAM/gh
Delores A. Mead, .M.C.
Attachments City Clerk
141
41.18.100 Title 41 RCW: Public Employment, Civil Service an" Pensions
1 St+trA114y-1973 Ist ex.s. c 154: See note following RCS' the 1969-71 fiscal biennium.' (1970 ex.s. c 37 14 1 This applies to the
j 1970 atne^drnents to RCW 41.16.145,41 18 104 and 41 26 250
2.12.030. .
Effective late-----Severability—Construction--1%9 ex.s. c E See RCW 41.26900 rIffecitivir b'16t910,and 41 ruct9osr- -t%9 exs. c
bow 209:See RCw' 41 26 900. 41.26.910. and 41.26.920.
20
I
41.18.130 Payment on separation--With less than
41.18.102 Applicability of RCW 41.18.040 and 41-
.18,100. The provisions of RCW 41.18.040 anti. 41.18- twenty-five years service or Tess than fifty years of
A00 shall be applicable to all firemen employed prior to age--option to be classified as rested fireman. Any
March 1, 1970, but shall not apply to any former fire- fireman who shall have served for a period of less than
man who has terminated his employme-' prior to July 1, twenty-five years, or who shall be less than fifty years of
1969. (1969 ex.s. c 209 § 32.1 age, and shall resign, or be dismissed from the fire de-
partment fdr a reason other than conviction for a felony,
Effective date---.Sererabiiity--Comtructioo--1%9 ex.& Z shall be paid the amount of his contributions to the fund
209:See RCW 41 26.900,41.26.910,and 41.26.920. plus earned interest: Provided. That in the case of any
firema.1 who has completed twenty years of service, such
41.18.104 Annual increase in benefits payable on re- fireman, upon termination for any cause except for a
tirement for service or disability Appeals. The conviction of a felony, shall have the option of electing,
amount of all benefits payable under the provisions ofin lieu of recovery of his contributions as herein pro-
RCW 41.18.040, 41.18.080, 41.18.100 and 41.18.200 as vided, to be classified as a vested fireman in accordance
now or hereafter amended, shall be increased annually with the following provisions:
as hereafter in this section provided. The local pension (1) Written notice of such election shall be filed with
board shall meet subsequent to March 31st but prior to the board within thirty days after the effective date of
June 30th of each year for the purpose of adjusting ben- such fireman's termination;
efit allowances payable pursuant to the aforementioned (2) During the period between the date of his termi-
sections. The local board shall determine the increase in nation and the date upon which he becomes a retired
the consumer price index between January Ist and fireman as hereinafter provided, such vested fireman and
December 31 st of the previous year and increase in dol- his spouse or dependent children shall be entitled to all
lar amount the benefits payable subsequent to .July Ist benefits available under chapter 41.18 RCW to a retired
of the year in which said board makes such determines- fireman and his spouse or dependent children with the
tion by a dollar amount proportionate to the increase in exception of the service retirement allowance as herein
the consumer price index: Provided, That regardless of provided for: Provided, That any claim for medical cov-
the change in the consumer price index, such increase erage under RCW 41.18.060 shall be attributable to
shall be at least two percent each year such adjustment service connected ilfness or injury;
is made. (3) Any fireman electing to become a vested fireman
Each year effective with the July payment all benefits shall be entitled at such time as he otherwise would have
specified herein, shall be increased as authorized by this completed twenty-five years of ser%ice had he not ter-
section. This benefit increase shall be paid monthly as urinated, to receive a service retirement allowance com-
part of the regular pension payment and shall be cumu- puted on the following basis. Two percent of the amount
lative. The increased benefits authorized by this section of salary attached to the position held by the jested
shall lent affect any benefit payable under the provisions fireman for the year preceding the date of hi. terinina
of chapter 41 18 RCVb' in which the benefit payment is tion, for each year of service rendered prior to the date
attached to a current salary of the rank held at time of of his termination. (1969 ex.s. c 209 § 31; 1961 c _'5> 3
retirement. A bcneficiar� of benefit increases provided 6; 1955 c 382 § 11.1
for pursuant to this section is hereby authorized to ap-
peal a decision on suc'i increases or the failure of the lo- Effective date—z00.41. lty—and 41uction---1%9 ex e
209:See RCW 41.26.900.41.26.9!0,and 41 Io 920
cal pension board to order such increased benefits or the
amount of such benefits to the Washington law r7''orce- 41.18.140 Funeral expenses. The board shall pay
ment officers and fire fighters' system retirement txi:.rd from the firemen's pension fund upon the death of any
provided for in RCW 41.26.050. active or retired fireman the sum of five hundred dollars.
For the purpose of this section the term to assist in defraying the funeral expenses of such fire-
'Consumer price index' shall mean, for any cYendar man. (1961 c 255 § 7; 1955 c 382 § 13.)
year, the consumer price index for the `:cattle,
Washington area as compiled by the bureau of labor 41.18.150 Credit for military service. Every person
statistics of the United States department of labor. who was a member of the :ire department at the time he
(1975-'76 2nd ex.s. c 44 § 2; 1975 Ist ex.s. c 173 § 2; entered and served in the armed forces of the United
1974 ex.s. c 190 § 2. 1970 ex.s. c 37 § 1; 1969 ex.s. c States in time of war, whether as a draftee, or inductee.
209 § 33.1 and who shall have been discharged from such armed
Comarucdoe---Severability-1975 Ist ex.s. c 173: Scz RCW forces under conditions other than dishonorable, shall
1� 41.16.911.41 16 921 have added and accredited to his period of employment
Comtructioe---1970 ex.s. c 37: 'This 1970 amendatory act shall as a fireman his period of war or peacetime service in
be null and vovd and of no further force and effect if the 1970 extraor- the armed forces: Provided, That such added and ac-
dinary session of the Legislature does not pass levislation authonring
cities and counties to levy additional taxes or 2yy ',pri2te at least credited service shall not as to any individual exceed five
million do"en ` di.i• un, •- :!tics end to»ns for the remaindi r c ' years. [1955 c 382
11
FIREMEN'S PENSION BOARD }
Regular Meeting
July 14, 1981
BOARD MEMBERS
Barbara Y. Shinpoch, Mayor
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Department Representative
David Riggle, Fire Department Representative
Ray Barilleaux, Alternate Fire Department Representative
The regular monthly meeting of the Firemen's Pension Board was called to order by
Mayor Barbara Y. Shinpoch, Chairperson, at 4:00 p.m. in the conference room of the
Renton Fire Station. Board member Delores Mead was absent. Ted Bennett, Acting
Finance Director, and Maxine Motor, Deputy City Clerk, were present.
MONTHLY STATEMENT OF CASH AND INVESTMENTS
Monthly Financial Statement was reviewed; high interest of 19 percent. (See
attached statement)
MONTHLY BILLS AND PENSION PAYMENTS (List Attached)
Letter from Finance Department detailed individual increase in pension payments
representing 12. 2% cost-of-living effective July 1, 1981, approved by Board
September 9., 1981. Total increases $376.73 per month. June medical bills and
July pension payments, in total sum of $14,307.38, were reviewed. MOVED BY
HENRY, SECONDED BY RIGGLE, APPROVE THE MEDICAL BILLS AND PENSIONS AS PRESENTED
WITH WARRANTS AUTHORIZED TO BE DRAWN FOR PAYMENT. CARRIED.
OLD BUSINESS
Letter from Lawrence Warren, City Attorney, was distributed concerning request
from Jack Haworth to reopen his file for payment of $3,620.48 of doctor/hospital
bills and Haworth's request for Attorney General's opinion. City Attorney
Warren suggested the State Board request the Attorney General as request cannot
be made by the City. . Warren found the information from Haworth speculative when
it must have facts. MOVED BY HENRY, SECONDED BY RIGGLE, THE BOARD ASK THE STATE
BOARD TO REQUEST AN OPINION OF THE ATTORNEY GENERAL. MOVED BY RIGGLE, SECONDED BY
HENRY, ASK 11th DISTRICT STATE REPRESENTATIVE AVERY GARRETT TO PRESENT REQUEST
TO STATE DISABILITY BOARD. Discussion ensued questioning pre-existing condition
regarding Haworth's heart attack. MOTION CARRIED. MOTION AS AMENDED CARRIED.
NEW BUSINESS
The 1982 Preliminary Budget was presented listing proposed revenues and expendi-
tures balanced at $971,631. Following discussion it was MOVED BY HENRY, SECONDED
BY RIGGLE, APPROVE THE 1982 PROPOSED PRELIMINARY BUDGET FOR SUBMITTAL TO THE MAYOR.
CARRIED. (Copy of proposed budget attached.)
As there was no further business to come before the Board, it was MOVED BY HENRY,
SECONDED BY RIGGLE, ADJOURN THE MEETING. CARRIED. (Time: 4:55 p.m.)
d
Maxine Motor, Deputy City Clerk
Firemen's Pension Board
CITY OF RENTON — FIREMEN'S PP SION FUND
CASH & INVESTIM7 ACTIVITY REPORT
As of JUNE 30, 1981
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH & INVESWENT ACTIVITY June ' 81 Maly '81 Month June '80 Month May 180
CASH
Beginning Cash Balance 852.94 895.67 91 .52 459.61
RECEIPTS:
Revenue 57,233.40 58,203.69 22,119.09 39,522.34
Investments Sold . . . . . . . . . 134,600.00 83,825.00 51 ,779.55 90,177.15
DISBURSEMENTS:
Expenditures . . . . . . . . . . . . . . . . . . 14,815.42 15,071 .42 21 ,218.36 13,667.58
Investments Purchased . . . . . . . . . . . . . . 177,200.00 127,000.00 52,000.00 116,400.00
ENDING CASH BALANCE . . . . . . . . . . . . . . . 670.92 852.94 771 .80 91 .52
INVESTMENTS
Savings Accounts, Repurchase
Agreements & Certificates of Deposit . . . . . . . 106,900.00 64,300.00 51 ,400.00 50,200.00
Municipals . . . . . . . . . . . . . . . . . . . 3,100.46 3,100.46 14,716.54 15,696.09
Corporate Bonds . . . . . . . . . . . . . . . . 327,061 .66 327,061 .66 327,061 .66 327,061 .66
Mutual Rinds . . 139,888.34 139,888.34 171 ,888.34 171 ,888.34
TOTAL INVESTMENTS . . . . . . . . . . . . 576,950.46 534,350.46 565,066.54 564,846.09
TOTAL CASH & INVESTMENTS . . .. . . . . . . . . . . 577,621 .38 535,203.40 565,838.34 564,937.61
INVESTMENT ACTIVITY DURING THE CURRENT MONTH:
1 . Sold $134,600.00 Repurchase Agreements
2. Purchased $51 ,100.00 Bankers Acceptance - Peoples @18.94% 6-5-81 to 7-6-81 31 $833.28
3. Purchased $52,300.00 Repurchase Agreement - Bache @18.10% 6-19-81 to 7-20-8131 814.99
4. Purchased $3,500.00 Repurchase Agreement - Peoples @17.05% 6-26-81 to 7-10-81 14 23.10
5. Purchased $17,000.00 Repurchase Agreement - Bache @19.00% 6-05-81 to 6/19/8 14 125.58
6. Purchases $53,300.00 Repurchase Agreement - Peoples @15.50% 6-15-81 to 6-19-81 4 91 .76
rP
W
MEDICAL BILLS FOR JUNE, 11 J
A & H DRUGS 029567 R. Beatteay $ .29.90
174618 J. Colombi 6.95
174650 J. Colombi 14.75
174665 J. Colombi 7.15
174663 J. Colombi 6.95
174635 K. Hanson 6.95
174610 G. Nichols 8.45
174656 K. Parks 12.30
162665 S. Schneider 8.40 $101.80
BARTELL'S 949543 D. Walsh 25.00 25.00
CORNELL'S VALLEY
PHARMACY 12551 G. Bergquist 31.85
12572 G. Bergquist 25.20
12185 G. Bergquist 30.65
12189 G. Bergquist 23.15
12308 G. Bergquist 33.52
13578 G. Bergquist 26.10
12640 R. Geissler 17.55
13632 R. Geissler 12.40
10861 T. Hall 14.60
13502 K. Hanson 10.05
12529 D. Riggle 8.60
12613 D. Riggle 8.60
13584 D. Riggle 7.45
13616 D. Riggle 7.42
12084 K. Steel 10.35
12230 K. Walls 14.70
10774 P. Walsh 24.60
13741 P. Walsh 7.10 313.89
GREEN & JACKSON
DRUGS 31370 G. Williams 71.35 71.35
JAMES H. HARTWIG,
M.D. 50396 D. Riggle 9.00
50825 D. Riggle 9.00 18.00
DR. HEILPERN 56070 J. Parks 20.00 20.00
STEVEN L. JAFFE,
O.D. , P.S. R. Geissler 135.80
P. Henry 116.50 252.30
K's PHARMACY 112876 R. Connell 10.05
112962 R. Connell 9.75
112911 R. Connell 13.95
112980 W. Henry 18.55
112832 W. Larson' 24.55
112932 W. Larson 13.65
112966 W. Larson 7.60
112796 K. Pedersen 6.50 104.60
112769 J. Alexander 9.45
112914 T. Anderson 18.35
113024 T. Anderson 9.00
112972 T. Anderson 9.00
112987 T. Anderson 9.35
MEDICAL BILLS FOR J , 1981 (continued) 145
K's PHARMACY 112863 J. Ashurst $ 13.36
(continued) 112941 J. Parks 9.40 5 77.91
PAY 'N SAVE (Reimburse) S. Baima 65.22 65.22
DEAN RICKETTS,
M.D.
SAND POINT (Reimburse) B. Phillips 16. 35 16.35
CLINIC PHARMACY
E. YURCHAK, 76850 G. Williams 17.15 17.15
M.D.
TOTAL MEDICAL COSTS FOR JL'TIE, 1981: $ 1,083.57
KING COUNTY MEDICAL COSTS: 552.60
PHOTOCOPIES 4/81 - 6/81
86 copies @ . 10 ea. 8.60
REIMBURSEMENT FOR SERVICES RENDERED FOR PERIOD
OF 1/1/81-6/30/81 (1st/2nd QUARTER) $ 800.24
TOTAL $ 2,445.01
CHARTER 116, L;,V%Jti OF 1965
CITY CF PEN-11(*"N CER^;F CAT!ON
1. THE 00 �,Fjj e+ _- -.rte : .: •� :�_� of
FEAJilar ..,A-s r4A,E .4,t'i il• r4i
SERVICES AEY7.,A;.0(A LW r iY)Aq.•AS :rE 'tiSEO
HE1604. AND i`IAT T •...raV ,; ♦ •1!'. _•.t —`:C. 01P...O
CSUGAn„Y A•,AN?T T.-_ 'Cr Gr G•IJ T.IA- : AM
AUTO- A:ZEO TO AJ1=hIkA(E ANO :EA.IFY Tp SAZ CLAM.
VGNIDO
1
PENSION PAYMENTS YOR JULY, 1981
ALEXANDER, John (Captain) 5 1,479.50
ANDERSON, Mrs. Enza (Widow) 638.28
ANDERSON, T. K. (Fireman) 1,136.50
ASHURST, James F. (Asst. Chief) 1,633.00
BANASKY, George (Captain) 197.85
CONNELL, Robert L. (Captain) 125.52
GOODWIN, Charles (Captain) 1,479.50
HAWORTH, Mrs. Constance C. (Widow) 1,109.70
HAWORTH, Jack (Fireman) 1,136. 50
HURST, Gerald (Fireman) 76. 32
LAWRENCE, Floyd (Chief) 763.44
PARKS, John (Fireman) 1,158.00
PRINGLE, Sylvia J. (Widow) 994.91
SHERERTZ, Alma B. (Widow) 17.58
STROM, Karl (Fireman) 1, 136.50
TODD, Franklin L. (Fireman) 97.61
WALSH, Patrick J. (Caotain) 238. 29
TOTAL PENSION PAYMENTS S 13,419.00
TOTAL PE`7SION PAY'-!Z-`173 FOR JULY, 1981 13,419.00
TOTAL MEDICAL PAY? IS FOR JLZ
ENE, 1981 1,636. 17
TOTAL EXPENSES: ::edical/Pension S 15,055. 17
----------------------------------------------------------------------------------
TOTAL PENSION PAYMENTS FOR JULY, 1980 13, 33.3. )
TOTAL MEDICAL PAY:•r:+73 FOR JUNE, 1980 970.69
TOTAL EXPENSES: Medical/Pension $ 14,307.38
FIREMEN'S PENSION BOARD 147
`- Regular Meeting
August 11, 1981
BOARD MEMBERS
Barbara Y. Shinpoch, Mayor
Delores A. Mead, City Clerk-Secretary
Earl Clymer, Councilman
William Henry, Fire Department Representative
David Riggle, Fire Department Representative
Ray Barilleaux, Alernate Fire Department Representative
The regular meeting of the Firemen's Pension Board was called to order by
Mayor Barbara Y. Shinpoch, Chairman, at 4:00 p.m. in the Fire Department
conference room (meeting moved from Municipal Building due to 980 weather
temperature and air conditioning malfunctioning) . Board members Earl Clymer
and William Henry were absent. Ted Bennett, Acting Finance Director, was
in attendance along with retired fireman Jack Hayworth -and Mrs. Hayworth.
MINUTE APPROVAL
MOVED BY RIGGLE, SECONDED BY MEAD, TO APPROVE THE MINUTES OF JULY 14, 1981,
AS WRITTEN. MOTION CARRIED.
MONTHLY STATEMENT OF CASH FLOW AND INVESTMENTS (See Attached)
Finance report ending July 31, 1981, was distributed and reviewed. Acting
Finance Director Bennett noted high interest earnings holding with a 20%
interest received on recent short-term city investments.
MONTHLY BILLS AND PENSION PAYMENTS (See Attached)
June medical bills and July pension payments, in total sum of $1,212.93,
were reviewed. Jack Hayworth submitted medical bills for prescriptions and
doctor services resulting from eye infection incurred while visiting British
Columbia, in sum of $144.65; also billing for cardio lab work ordered at
Cariboo Memorial Hospital, B.C. , in sum of $9.50. MOVED BY RIGGLE, SECONDED
BY MEAD, TO APPROVE THE MONTHLY MEDICAL BILLS AND PENSION PAYMENTS, INCLUDING
REIMBURSEMENT TO MR. HAYWORTH FOR PRESCRIPTION DRUGS AND MEDICAL SERVICES,
EXCLUDING, HOWEVER, BILLING FOR CORONARY SERVICES. MOTION CARRIED.
OLD BUSINESS
Mr. Hayworth's request for Attorney General's opinion and prior board action
was recalled, the AGO requested through State Representative, Avery Garrett,
City Attorney Warren having advised the City cannot make such requests.
Dr. Ernest Campbell, Director, Municipal Research and Service Center, is
researching the matter on behalf of State Representative Garrett and the
Attorney General.to be certain no prior opinions had been issued on the
subject and that there is a legal basis for issuing an opinion.
Typed excerpts from correspondence and telephone coversations were reviewed.
Past board minutes of May 28, 1970, confirmed Mr. Hayworth's retirement based
on service-connected disability to his eye. In discussion, Dr. Campbell's
remarks were noted that it is the Board's responsibility to exercise wise
and sound discretion in determining whether there is a causal connection
between service in the Fire Department and Mr. Hayworth's heart attack; that -
the Board must be convinced that Mr. Hayworth has provided sufficient evidence
to provide legally substantive basis for support of his claim.
Firemen's Pension Board 6--ting
August 11, 1981
(Continued)
Mayor Shinpoch indicated if information in the files had been ignored in the
original retirement premise, there should be basis for corrective mechanism, ....,
however, research of the files and medical records by board members had not
revealed reference to any heart conditions. Mr. Hayworth was asked to provide
any further information available to substantiate existence of prior heart
condition which may have warranted disability retirement. Mr. Haworth called
attention to other internal blockage problems the cause of which could not
be ascertained. The Board, following further discussion with Mr. and Mrs.
Hayworth, decided to decline further action until all board members are present.
*MOVED BY RIGGLE, SECONDED BY SHINPOCH, THAT THE BOARD MEET IN SPECIAL SESSION
BEFORE THE NEXT REGULAR MEETING TO DISCUSS THE SUBJECT OF MR. HAYWORTH'S
REQUESTS FOR REOPENING OF HIS FILE AND REFERRAL TO THE ATTORNEY GENERAL.
CARRIED.
The secretary advised that Dr. Campbell would be submitting written findings
to State Representative Garrett who will then respond to the Board.
As there was no further business to come before the board, it was MOVED BY
RIGGLE, SECONDED BY MEAD, TO ADJOURN. (Time: 4:55 p.m.) MOTION CARRIED.
��� r G i a- 227-1�-15 —
Delores A. Mead, City Clk/Secretary
Firemen's Pension Board ---
CITY OF RENTON — FIjr,ir_N•5 PENSION FUND �
CASH do MWEST�ff_NT ACTIVITY REPORT
As of July 31 . 1981
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH do INVESTMENT ACTIVITY July '81 June '81 Month July '80 Month June '80
CASH
Beginning Cash Balance 670.92 852.94 771 .80 91 .52
RECEIPTSs
Revenue 5,623.95 57,233.40 5,766.58 22,119.09
Investments Sold 241 ,800.00 134,600.00 69,100.00 51 ,779.55,
DISBURSEMENTS:
Expenditures o 15,725.86 14,815.42 14,379.20 21 ,218.36
Investments Purchased . . . . . . . . . 232,200.00 177,200.00 61 ,200.00 52,000.00
ENDING CASH BALANCE , , , , , , , , , , , , , , , 169.01 670.92 59.18 771 .80
INVESTMENTS
Savings Accounts, Repurchase
Agreements & Certificates of Deposit . . . . . . . 97,300.00 106,900.00 43,500.00 51 ,400.00
Municipals . . . . . . . . . . . . . . . . . . . . 3,100.46 3,100.46 14,716.54 14,716.54
Corporate Bonds . . . . . . . . . . . . . . . . . 327,061 .66 327,061 .66 327,061 .66 327,061 .66
Mutual Funds . . . . . . . . . . . . . . . . . 139,888.34 139,888.34 171 ,888.34 171 ,888.34
TOTAL INVESTMENTS . . . . . . . . . . . . . . . . 567,350.46 576,950.46 557,166.54 565,066.54
TOTAL CASH & INVESTMENTS . . . . . . . . . . . . 567,519.47 577,621 .38 557,225.72 565,838.34
IWESTMENT ACTIVITY DURING THE CURRENT MONTHS
1 . Sold $51 ,100.00 Peoples Bank, Bankers Acceptance
2. Sold $166,300.00 Bache, Repurchase Agreement
3. Sold $3,500.00 Peoples Bank, Repurchase Agreement
4. Sold $20,900.00 Old National Bank, Repurchase Agreement
5. Purchased $55,200.00 Bache, Repurchase @18.50% 7-8-81 to 7-10-81 2 $ 56.72
6. Purchased $58,800.00 Bache, Repurchase @18.50% 7-10-81 to 7-17-81 7 211 ,47
7. Purchased $59,800.00 Bache, Repurchase 017.95% 7-17-81 to 9-15-81 60 1 ,788.60
8. Purchased $20,900.00 Old National Bank @18.00% 7-20-81 to 7-24-81 Repurchase Agreement 4 41 .80
9. Purchased $31 ,400.00 Bache @18.10% 7-20-81 to 8-19-81 Repurchase Agreement 30 473.40
10. -Purchased $6,100.00 Peoples Bank @18.18% Repurchase 7-24-81 to 8-7-81 14 43.12
MEDICAL BILIS FOR JULY, ] t
A & H DRUGS 174518 J. Colombi $ 4.55
174684 J. Colombi 8.10
174684 J. Colombi 4. 35 $ 17.00
GREEN & JACKSON 0469017 G. Williams 18.60 ,
0468773 G. Williams 35.25 53.85
JAFFE, STEVEN L. , P. Henry 69.05 69.05
O.D., P.S.
K's 112636 J. Alexander 9.35
113245 J. Alexander 3.30
112637 T.K. Anderson 9.00
113249 T.K. Anderson 6.10
113065 J. Parks 7.80 35.55
113088 R. Connell 11.50
113654 R. Connell 10.85
113654 R. Connell 13.95
113161 W. Henry 8.35
113115 T. LaValley 3.50
113160 B. Phillips 10.60
113160 B. Phillips 15. 35
113226 J. Rupprecht 16.55
113145 K. Walls 7.05 120.60
113131 P. Henry 31.55
113281 P. Henry 18.92 50.47
McCLELLAN, J.E. , M.D. G. Williams 3.85 3.85
OPTICAL DISPENSARY G. Williams 112.13 112.13
ORTHOPEDICS R. Beatteay 94.20 94.20
INTERNATIONAL, LTD.
PAYLESS 2584 J. Bell 4.89 4.89
RENTON OPTICAL W. H. Larson ' 135.24 135.24
COMPANY
SHERERTZ, ALMA (reimburse) 39.20 39.20
for M. Sherertz,
(deceased)
WILLIAMS, GEORGE (reimburse) 14.20 14.20
TOTAL MEDICAL COSTS FOR JULY, 1981 $ 750.23
KING COUNTY MEDICAL COSTS 414.45
PHOTOCOPIES FOR JULY, 1981
36 copies @ .10 ea. 3.60
TOTAL SUB
$1,168.28
TOTAL (See Attached billings J. Haworth) 144.65
1 ,312 .93
151
MEDICAL BILLS FOR JULY_, 1981 CONTINUED
Richard Lomas, MC Inc. OS Iritis
J. Haworth $35.00
RX 422380 J. Haworth
422399 J. Haworth 34.56
8.08
422400
J. Haworth 7.01 49.65
M. WYNRIT/WM. LAK MD B6
L. G. Farandi , OD J. Haworth 20.00
J. Haworth 25.00
L. G. Farargh, OD
J. Haworth 15.00 60.00
$144.65
r
PENSION PAYMENTS FOR AUGUST, 1981
i
ALEXANDER, John (Captain) $ 1,479.50
ANDERSON, Mrs. Enza (Widow) 638.28
ANDERSON, T. K. (Fireman) 1,136.50
ASHURST, James F. (Asst. Chief) 1,633.00
BANASKY, George (Captain) 197.85
CONNELL, Robert (Captain) 125.52
GOODWIN, Charles (Captain) 1,479.50
HAWORTH, Mrs . Constance C. 1,109.70
HAWORTH, Jack (Fireman) 1,136.50
H URST, Gerald (Fireman) 76.32
LAWRENCE, Floyd (Chief) 763.44
PARKS, John (Fireman) 1,158.00
PR.INGLE, Sylvia Joan (Widow) 994.91
SHERERTZ, Alma B. (Widow) 17.58
STROM, Karl (Fireman) 1,136.50
TODD, Franklin L. (Fireman) 97.61
WALSH, Patrick J. (Captain) 238.29
TOTAL PENSION PAYMENTS $13,419.00
TOTAL PENSION PAYMENTS FOR AUGUST, 1981 $13,419.00
TOTAL MEDICAL PAYMENTS FOR JULY, 1981 1 ,312.93
TOTAL EXPENSES: Medical/Pension $14,731 .93
-------------------------------------------------------------------------
TOTAL PENSION PAYMENTS FOR AUGUST, 1980 $11,575.84
TOTAL MEDICAL PAYMENTS FOR JULY, 1981 4,833.04
TOTAL EXPENSES: Medical/Pension $16,408.88
i
CHARTER 116, LAWS OF 1965
CITY OF RENTON CERTIFICATION
1. THE LWDERSIGNED DO iq,rDY rE?T';ry PICER FFkAt_TY OF
PERJURY. T)-AT THE N.A'ERIALS P.=_4 HE
SERViCU PENDSRED OR T;IS :A4UR .^-c'r:a l�M U AS GcSCR:SED
HEREI.Y. 0*0 THAT THE CLAY !S A X"T. C.;E AND UKPAO
oaUGA*ION AGAAVST THE c:r' Oi RCf:TOh. ANU '.HAT I AM
AUTHOR!&Zz�jj
C CERTIFY To SAID cLA*A •
SIGNED
153
CITY OF RENTON
FIREMEN'S PENSION BOARD
Regular Meeting
September 8, 1981
BOARD MEMBERS
Barbara Y. Shinpoch, Mayor
Delores A. Mead, City Clerk/Secretary
Earl Clymer, Councilman
William Henry, Fire Department Representative
David Riggle, Fire Department Representative
Ray Barilleaux, Alternate Fire Departmtne Representative
The regular monthly meeting of the Firemen's Pension Board was called to order by
Mayor Barbara Y. Shinpoch, Chairman, at 4:00 p.m. in the 6th Floor Conference
Room of the Municipal Building. Board member Clymer telephoned that he was unable
to attend. MOVED BY MEAD, SECOND HENRY, TO EXCUSE THE ABSENT MEMBER. MOTION CARRIED.
Ted Bennett, Acting Finance Director, and Lawrence Warren, City Attorney, were
also in attendance.
MINUTE APPROVAL
MOVED BY RIGGLE, SECONDED BY MEAD,TO APPROVE THE MINUTES OF THE PREVIOUS MEETING
OF AUGUST 11, 1981, AS WRITTEN. MOTION CARRIED.
MONTHLY STATEMENT OF CASH FLOW AND INVESTMENTS (See Attached)
Finance report, ending August 31, 1981, was distributed and reviewed. It was
directed the report be filed for record.
MONTHLY BILLS AND PENSION PAYMENTS (See Attached)
July medical bills and August pension payments, in total sum of $1,219.35, were
reviewed. MOVED BY RIGGLE, SECONDED BY HENRY, TO APPROVE THE MONTHLY MEDICAL BILLS
AND PENSION PAYMENTS AS PRESENTED AND TO AUTHORIZE WARRANTS DRAWN TO COVER. MOTION
CARRIED.
CORRESPONDENCE
Letter from Dr. Ernest Campbell, Municipal Law Specialist, Municipal Research and
Services Center, sent on behalf of Avery Garrett, State Representative, was distributed.
The letter confirmed City Attorney Warren's opinion that there was no indication that
Jack Haworth was suffering from a heart problem at the time of his disability
retirement. Also, that the Board has a positive duty to determine that such dis-
ability existed at the time of retirement before paying benefits; that it is incumbent
upon Jack Haworth to provide conclusive evidence that would establish causal connection
between his heart problem and his service to the City as a firefighter. Letter from
Dr. Morris who,reviewed February 11, 1973 hospital discharge summary, indicated
probability of pre-existing heart condition. City Attorney Warren noted Mr. Haworth
was not employed as a full-time City employee in 1973 which was three years after his
retirement, the doctor's review being ten years after his retirement and the heart
condition not being evidenced in 1970 as a disability condition. He was retired for
a different condition and it was not felt that the burden of proof that the condition
existed was sustained. In discussion it was further determined that disability
allowances are paid from the pension fund for the particular disability for which
the firemen is retired and the Board has no legal right to disperse the funds for
anything else and the Board must act upon findings upon the time of retirement.
Also, that pension payments are based upon the law under which the fireman is retired.
Firemen's Pension Board Meeting
Page Two
September 8, 1981
CORRESPONDENCE (Continued)
Following review of Mr. Haworth's testimony, the evidence provided along with the
legal opinion, the Board determined the following: hd
1. The medical reports provided in 1970 at the time of disability
retirement diagnosed the disabilities as cataract, angle recession
and glaucoma, cataract operation, and recurring prostradidis
(corrected by surgery) . The 1970 Pension Board granted retirement
for service-connected disability to the eye.
2. As the law states, Chapter 255, Laws of 1961 (RCW 41.18) dis-
bility medical expenses can be paid only on the disability for
which retirement was granted.
3. The evidence presented is not sufficient to provide conclusive
factual proof of existence of coronary artery disability or
related heart problems at the time that disability retirement was
granted.
The Clerk was directed to notify Mr. Haworth of the Board's determination that
based upon legal opinions that the burden of proof has not been substained, lack of
substantiating medical facts at hand and the law as it stands, the Board confirms
its denial of payments for disability claims connected with heart conditions.
OLD BUSINESS
Board Member Riggle inquired regarding 1982 budgetary allocations to the pension
fund. Mayor Shinpoch noted the money is going into her budget; however, the
council will be taking final action on the matter in its budget deliberations.
As there was no further business to come before the Board, it was MOVED BY HENRY,
SECONDED BY RIGGLE TO ADJOURN. (Time: 4:55 p.m.) MOTION CARRIED.
Delores A. Mead, City Clerk/Secretary,
Firemen's Pension Board
I
I
CITY OF RENTON - FIMI�'N'S PENSION FUND
CASH & INVEST,%IENT ACTIVITY REPORT
As of August 31 , 1931
Current tIonth Previous Month Last Yr. Current Last Yr. Previous
CASH & INVESTA�JT ACTIVITY Current
'81 _ July '81 MonthAugust 180 month July 180
CASH
Beginning Cash Balance . 169.01 670.92 9,852.37• 1 ,740.73
RECEIPTS:
Revenue 9,012.65 5,623.95 6,187.14 4,412.99
Investments Sold . . . . . . . . . 87,000.00 241 ,800.00 38,400.00 59,221 .72
DISBURSEMENTS:
Expenditures 14,870.08 15,725.86 16,093.88 16,523.07
Investments Purchased 81 ,100.00 232,200.00 38,400.00 39,000.00
ENDING CASH BALANCE 211 .58 169.01 [ 54.371 9,852.37
INVESTMENTNTS
Savings Accountsg Repurchase
Agreements & Certificates of Deposit . . . 91 ,400.00 97,300.00 -0- -0-
Municipals 3,100.46 3,100.46 43,627.29 43,627.29
Corporate Bonds 327,061 .66 327,061 .66 347,195.66 347,195.66
Mutual Funds 139,888.34 139,888.34 241 ,988.34 241 ,988.34
TOTAL INVESTMENTS . . . . . . . . . . . . . . . . 561 ,450.46 567,350.46 632,811 .29 632,811 .29
TOTAL CASH & INVESTMENTS . . . . . . . . . . 561 ,662.04 567,519.47 632,756.92 642,663.66
INVESTMENT ACTIVITY DURING THE CURRENT MONTH:
1 . Sold $77,400.00 Repurchase Agreement Bache
2. Sold $9,600.00 Repurchase Agreement Peoples
3. Purchased $10,500.00 Repurchase Agreement Bache 8-7-81 to 8-21-81 @18.25% 14 $ 74.48
4. Purchased $3,500.00 Repurchase Agreement Peoples Nat. Bank 8-13-81 to 8-14-81 @16.75% 1 1 .62
5. Purchased $3,500.00 Repurchase Agreement Bache 8-14-81 to 8-21-81 @17.75% 7 12.04
6. Purchased $32,000.00 Repurchase Agreement Bache 8-19-81 to 8-21-81 @18.00% 2 32.00
7. Purchased $31 ,600.00 Certificate of Deposit Security S & L 8-21-81 to 9-25-81 @18.50% 35 568.05
MEDICAL BILLS FOR AUGUST, 1981
BARTELL DRUG COMPANY 946116 T. K. Anderson $ 13.15 $ 13.15
K's PHARMACY 113713 J. Alexander 4.55
113738 J. Alexander 5.80
113858 J. Alexander 5.60
113449 J. Alexander 50.25
113367 D. Goodwin 18.10
113796 J. Parks 7.80 92.10
113721 R. Connell 10.05
113387 P. Henry 6.14
113366 J. Rupprecht 18.75 34.94
GREEN & JACKSON 0968001 G. Williams 93.00
0471686 G. Williams 33.10 126.10
VALLEY GENERAL HOSPITAL P. Henry 245.08
P. Henry 155.38 400.46
TOTAL MEDICAL COSTS FOR AUGUST, 1981 $ 666.75
KING COUNTY MEDICAL COSTS 552.60
TOTAL $1,219.35
PENSION PAYMENTS FOR SEPTEMBER, 1981
ALEXANDER, John (Captain) $ 1,479.50 •
ANDERSON, Mrs. Enza (Widow) 638.28
ANDERSON, T. K. (Fireman) 1,136.50
ASHURST, James F. (Asst. Chief) 1,633.00
BANASKY, George (Captain) 197.85
CONNELL, Robert (Captain) 125.52
GOODWIN, Charles (Captain) 1,479.50
HAWORTH, Mrs. Constance C. 1,109.70
HAWORTH, Jack (Fireman) 1,136.50
HURST, Gerald (Fireman) 76.32
LAWRENCE, Floyd (Chief) 763.44
PARKS, John (Fireman) 1,158.00
PRINGLE, Sylvia Joan (Widow) 994.91
SHERERTZ, Alma B. (Widow) 17.58
STROM, Karl (Fireman) 1,136.50
TODD, Franklin L. (Fireman) 97.61
WALSH, Patrick J. (Captain) 238.29
TOTAL PENSION PAYMENTS $13,419.00
TOTAL PENSION PAYMENTS FOR SEPTEMBER, 1981 $13,419.00
TOTAL MEDICAL PAYMENTS FOR AUGUST, 1981 1,219.35
TOTAL EXPENSES: Medical/Pension $14,638.35
--------------------------------------------------------------------------------------
TOTAL PENSION PAYMENTS FOR SEPTEMBER, 1980 $12,296.14
TOTAL MEDICAL PAYMENTS FOR AUGUST, 1980 770.12
TOTAL EXPENSES: Medical/Pension $13,066.26
CHARTER 116, LAWS OF 1965
CITY OF RENTON CERTIFICATION
1. THE UNDERSFSNEI> DO HEREBY CS
TtiY UWneR PENALTY OF
PERJURY. THAT THE MATER&ALS HAVE B=EN "NiSrIED, THE
SERVICES RENDERED OR THF II1809 PERFORMED AS DESCRIBED
MEREIN. AND THAT THE CWIA IS A JUST, DUE AND UNPAID
OBIJGATION AGAINST TIE CITY OF RENTON. AND THAT 1 AN
AI?HD TO AUTHENTICATE ARID CERTWY TD D SAC1/1M-
SIG.%9ID
1
OF Roti
o THE CITY OF RENTON
V `yZ MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON. WASH. 98055
n 0
� $ BARBARA Y. SHINPOCH, MAYOR • DELORES A. MEAD
D;P P� CITY CLERK • (206) 235-2500
9,TED SEPISOO�
September 4, 1981
Honorable Avery Garrett
State Representative
11th Legislative District
602 SW Langston Road
Renton, WA 98055
Dear Avery:
We have received correspondence from the Municipal Research
and Services Center concerning Retired Fireman Jack Hayworth,
prepared upon your request by Dr. Ernest H. Campbell , Municipal
Law Specialist.
The Firemen's Pension Board will review the findings at its
next regular meeting on Tuesday, September 8, 1981 . We feel
that Dr. Campbell 's prefessional research will provide a
valuable basis for the Board determination.
Thanks again for your help.
Yours very truly,
CITY OF RENTON FIREMEN'S PENSION BOARD
4
Delores A. Mead, C.M.C.
City Clerk and Secretary to the Board
DM/m
MUNICIPAL RESEARCH AND SERVICES CENTER
OF WASHINGTON
4719 BROOKLYN AVE., N.E. • Caller No. C-5373 • SEATTLE, WASHINGTON 98105 • TELEPHONE 206-543.9050
August 19, 1981
BOARD OF DIRECTORS Ms. Maxine E. Motor
Deputy City Clerk
WARREN A. BISHOP Deputy
of Renton
Pruidcnt
BARRY A. PRYDE Municipal Building
Vice P+esideat 200 Mill Avenue South
LLOYD W. PETERSON Renton, WA 98055
Secretary
JOHN D. ISHII Re: Request of Jack Haworth to Reopen Claim and for Payment of
TymuTcT Medical Bills and to Obtain an Attorney General's Opinion
WAYNE C. BOOTH
Directo+
Dear Ms. Motor:
BETTY DRUMHELLER
Dvcno+
GEORGE H. SAI ER As we have indicated to you, Representative Avery Garrett has forwarded
Dnector to the Municipal Research and Services Center your letter to him, dated
DAVID W. STEVENS July 23, 1981, concerning the payment of hospital and doctor bills for
Director Retired Fireman Jack Haworth, who apparently now is about 57 years of
JOSEPH A. STREET age. Thank you for your letter of August 10, 1981 and the data enclosed
`71rector therewith relating to the subject claim. We also appreciate the letter
w'ILLIAM P. WOODS from Delores A. Mead, City Clerk of Renton, dated August 14, 1981,
, Tect&T supplying additional data.
STAFF Essential Facts:
JOHN S. LAMB
Executive Vice Pruident On June 7, 1961 Jack Haworth elected to avail himself of the benefits
ERNEST H. CAMPBELL of Ch. 255, Laws of 1961 pursuant to Sec. 12 thereof (RCW 41.18.180).
Muninpal Law Spccialiat Jack Haworth commenced service in the Renton Fire Department on
KATHY SCOTT 1/1/53, went on disability leave on January 25, 1970, and went on disability
Adminutrative Assistant retirement for service-connected disability on 8/15/70. He was retired
LYNNE DE MERR[TT by the Firemen's Pension Board for a service-connected disability to his
Librarun
left eye, having been hit in the left eye by a stone while on a fire true
RONALD C. KINSEY. JR.
Legel Couultans in the line of duty in 1962. He developed glaucoma and a cataract in
LAWRENCE K. MARTIN that eye which required surgery in 1971. We understand that the medical
finance consultant expense incident to this injury to his left eye has been paid by the City
PATRICK W. MASON of Renton.
Legal Consultant
K. KYLE THIESSEN There was no indication that Jack Haworth was suffering from a heart
legal Consultan' problem at the time of his disability retirement and that was not assigned
as the reason therefor.
The "Discharge Summary" of the Cabrini Hospital of 2/11/73 shows that
in 1973 an electrocardiogram indicated a 'borderline abnormality with
frequent PVCs and low amplitude T waves, suggestive of an early strain
pattern." In a letter to the Renton Fire Department Pension Board, dated
May 5, 1980, Dr. Ralph L. Morris observed that the above-mentioned
electrocardiogram did show presumptive evidence of coronary artery
Ms. Maxine E. Motor
August 19, 1981
Page Two
disease in February 1973, and since it requires years for coronary artery disease to
become fairly manifest, it is probable that the condition existed even earlier than 1970
or 1971. The claimant submitted a discharge summary by Dr. Neil Thorlakson, dated
2/14/73, noting a possible heart abnormality. Jack Haworth is contending that the
heart attack that he recently suffered resulted from stress associated with his period
of service with the city as a fire fighter and the trauma resulting from his service-
connected eye injury and glaucoma and cataract surgery therefor.
ANALYSIS
In view of the fact that Jack Haworth went on "inactive duty" on January 25, 1970
and his election to avail himself of the benefits under Ch. 255, Laws of 1961, the
validity of his claim for payment of medical expenses resulting from his heart problems
has to be determined on the basis of Ch. 41.18 RCW, and not on the basis of the
LEOFF System Act (Ch. 41.26 RCW, as amended). Ch. 41.16 RCW, the 1947 Firemen's
Pension Act, is not applicable to the instant claim since the claimant elected to come
under Ch. 255, Laws of 1961. During the period of his inactive status after January
25, 1970 he was receiving an "allowance," and was not employed as a salaried city
employee during that period of time.
RCW 41.18.060 provides in part:
"...For a period of six months from the time of such disability he shall
draw from the pension fund a disability allowance equal to his basic
monthly salary and, in addition, he shall be provided with medical, hospital
and nursing care as long as the disability exists...." (Underscore supplied)
Since this statute provides that a fire fighter is to be paid for the medical expense
for the disablity that has occasioned his disability retirement, it reflects a legislative
intent that his medical, hospital, and nursing expenses is only to be paid for to the
extent that they relate to that particular disability. It does not reflect a legislative
intent that a city should pay for medical expense incurred by a fire fighter that is
not related to the disability that occasioned his retirement.
RCW 41.18.010(9) provides:
"'Contributions' shall mean and include all sums deducted from the salary
of firemen and paid into the fund as hereinafter provided."
No contributions were required to be made to the firemen's pension fund by a fire
fighter on an "allowance" ; he only is required to do so when he is being paid a salary
by the city. (See RCW 41.18.030) After the claimant went on disability leave, he
then was not being paid a salary as a full time, fully compensated fire fighter.
During the period when Jack Haworth went on disability leave, the applicable provision
of the LEOFF System statute, namely, Sec. 2, Ch. 6(1), Laws of 1970, 2nd Ex. Sess.
(RCW 41.26.040) provided:
Ms. Maxine E. Motor
August 19, 1981
Page Three
"All fire fighters and law enforcement officers employed as such on or
after March 1, 1970, on a full time fully compensated basis in this state
shall be members of the retirement system established by this chapter
with respect to all periods of service as such, to the exclusion of any
pension system existing under any prior act except as provided in subsection
(2) of this section. (Underscore supplied)
Accordingly Jack Haworth did not come under the LEOFF Retirement System (Ch.
41.26 RCW).
RCW 41.26.150 of the LEOFF System, provides that "the employer shall pay for such
active or retired member the necessary medical services" resulting from a disability,
which is quite different from RCW 41.18.060. Accordingly the LEOFF System statute
reflects a more liberal legislative intent to pay medical expenses of a retired member
of the LEOFF System than is the case with respect to retired fire fighters under Ch.
41.18 RCW. Whether the evidence of Jack Haworth has established a causal connection
between his heart problems and his period of service to the City of Renton as a fire
fighter is essentially a factual question. The Firemen's Pension Board will have to
evaluate the probative value of the medical data presented to support Jack Haworth's
claim, bearing in mind that the physicians who have written concerning whether there
was a causal connection between his heart problems and his period of service as a
fire fighter made their findings a considerable period of time after Jack Haworth
suffered his eye injury and when he went on disability retirement by reason of his left
eye condition, and is inconclusive.
As indicated in AGO 59-60 No. 184, dated September 30, 1960, (copy enclosed), the
Firemen's Pension Board is vested with a considerable measure of discretion under
RCW 41.18.060 in determining whether to provide medical, hospital, and nursing care
to a disabled fire fighter. Also in AGO 57-58 No. 117, dated August 28, 1957, (copy
enclosed) it is indicated that the burden of establishing a right to a pension by a fire
fighter ordinarly rests on the claimant, and that the Firemen's Pension Board in passing
upon and allowing or disallowing a fire fighter's claim for pension bases its decision
on a determination of fact.
After weighing all of the evidence for and against the allowance or disallowance of
this particular claim, it is recognized that the Firemen's Pension Board could either
allow it or disallow it, recognizing that if it is allowed, there also is the possibility
of Jack Haworth's presenting further claims for payment in the future based upon his
heart problems and possibly other fire fighters who have heart problems after a disability
retirement may claim they are service connected and may present a claim therefor.
Ms. Maxine E. Motor
August 19, 1981
Page Four
In view of the foregoing and since the matters for determination are basically questions
of fact as to whether there is sufficient probative evidence to establish a causal
relationship between the claimant's heart problems and his period of service in the
city fire department, we are of the opinion that in all reasonable probability it would
not serve any useful purpose to request an Attorney General's Opinion with respect to
the two questions suggested in your letter to Representative Avery Garrett, dated July
23, 1981. We trust the foregoing will be helpful.
Very truly yours,
Frh--e`sIKV—Fa'm"—e ll
Municipal Law Specialist
EHC:jrb
Enclosures
cc: Ms. Delores A. Mead
Honorable Avery Garrett
,
4CW •a►
STATE OF WASHINGTON
JOHN J. O'CONNELL
ATTORNEY GENERAL
OLYMPIA
CITIES AND TOWNS -- FIREMEN -- DISABILITY PENSIONS -- DISEASES
COVERED -- APPLICATION -- POWERS AND DUTIES OF PENSION IN
PASSING ON -- BURDEN OF PROOF.
Any disease, including poliomyelitis, contracted by a fireman in connection
with the performance of his duties as a member of the fire department
would entitle him-to a disability pension. The burden of establishing a right
to pension ordinarily rests on the claimant. The pension board in passing
upon and allowing or disallowing a fireman's claim for pension, bases its
decision on a determination of fact. Before disposing of any claim adversely
to the claimant such a board must accord the claimant an opportunity to be
heard and to present testimony in support of his claim.
- - - - - - - - - - - - -
August 28, 1957
Ii
i
Honorable Cliff Yelle
State Auditor
Legislative Building Cite as:
Olympia, Washington AGO 57-58 No.. 117
Attention: A. E. Hankins, Chief Examiner
Division of Municipal Corporations
Dear Sir:
We acknowledge receipt of your request for an opinion of this office on the
following questions pertaining to the firemen's relief and pension fund:
(1) Is the incidence of poliomyelitis which results in handicapping a fireman
to the extent that he cannot carry on his duties as a regular fireman, a dis-
ablement within the meaning of the word as used in RCW 41. 18. 050?
(2) If the answer to the first question is yes, will the firemen's relief and
pension board of the city of Anacortes be justified in finding the applicant
disabled as a result of the performance of duty without further proof as to
1 -
AGO 57-58 No. 117
Honorable Cliff Yelle -2- August 28, 1957
the source of the infection, or as to arduous duty resulting in rendering the
applicant particularly susceptible to the disease?
(3) If the answer to question No. 2 is no, to what extent must proof be ob-
tained showing the connection between the incidence or poliomyelitis and the
performance of duty, and who has the burden of proof?
Based on the most favorable factual assumptions which can be made, and as
more particularly pointed out in our analysis, we answer your first question
in the affirmative and the second question in the negative. The third ques-
tion is answered in our analysis below.
ANALYSIS
The facts, as submitted to us, are as follows:
A fireman entered the service October 12; 1954. His application for dis-
ability benefits filed with the firemen's relief and pension board, states in
addition to the date of his entry into the fire service that "The applicant has
become disabled as a result of the performance of his duty as such fireman, "
and "The disability occurred October 30, 1955, and results from poliomye-
litis incurred in the performance of duty as fireman during October, 1955. "
The board required his examination by a doctor, and "The results of said
examination indicated that without a doubt the employee is handicapped to
the extent that he cannot carry on his duties as a regular fireman, and that
the prognosis as to any further improvement is not optimistic. "
No hearing has been held, although there is information to the effect that
the fireman participated in fire prevention activities during fire prevention
week in October, 1955, during which school children were lifted on and off
the trucks in connection with rides on the fire trucks. The only incident of
poliomyelitis among children in the particular school occurred in August,
1954.
The rights herein involved are governed by chapter 382, Laws of 1955, RCW
41. 18. 010 - . 170. RCW 41. 18. 050 (1955 Supp. ) provides for the retirement
of a fireman "who shall become disabled as a result of the performance of -
duty. " "Performance of duty" includes "the performance of work and labor
regularly required of firemen and shall include services of an emergency
nature rendered while off regular duty. " (RCW 41. 16. 010. )
Honorable Cliff Yeiie -3- August 28, 1957
A fireman's right to retirement on disability pension depends upon whether
or not he sustained the disability while in the performance of his duties as
a fireman. (Benedict v. Board of Police Pension Fund Commissioners, 35
Wn. (2d) 465) The general principles applicable to this determination are
stated in McQuillin, Municipal Corporations, 3rd Ed. , § 12. 149, as follows:
"Disablement from injury suffered in line of duty or employ-
ment may entitle an officer or employee to assignment to
light duties, or to a pension. As a general rule, disability,
as a condition to the right to a pension, must have happened
because of the claimant's employment, and not merely during
the period of his public service. If the disabilities of a dis-
charged officer or employee bear no relationship to any in-
juries which he sustained in line of duty and are not in any
way connected with service in a municipal department, he is
not entitled to a pension.
"The disability for which a pension is payable is not limited
to injuries caused by external violence, physical force, or
.._ as a result of accident, but embraces incapacity suffered in
the line of dut%- from any cause, including sickness or disease
contracted in line of duty, "
( 1) Based on the foregoing, poliomyelitis suffered by a fireman in connection
with the performance of his duties as a member of the fire department is such
a disability as would entitle him to a disability pension. In other words, it is
our opinion that if a fireman contracted the disease while on the job perform-
ing his duties, the fact that it might have resulted from contagion, or because
of the negligence of some third party, would not deprive him of his right to
a disability pension. See Engstrom v. Seattle, 92 Wash 568.
(2) & (3) Your second inquiry raises the question of whether the board is un-
der any obligation to verify, or contravert, the allegations of the claimant's
application. The application simply states that the fireman became disabled
from poliomyelitis incurred in the performance of his duties in October,
1955. These statements appear to be mere conclusions, for the board is
obviously concerned with the factual basis upon which the fireman relies to
prove he contracted poliomyelitis in the performance of his duties.
RCW 41. 18. 020 ( 1955 Supp. ) specifying the powers and duties of the firemen's
�._ pension board, in so far as here pertinent, provides:
AGO 57-58 No. 117
a
AGO 57-58 No. 117
Honorable Cliff Yelle -4- August 28, 1957 .�
"The board, in addition to such genera: and special pavers
as are vested in it by the provisions of chapter 41. 16, which
powers the board shall have with respect to this chapter
shall have power to:
11(2) Pass upon and allow or disallow applications for pen-
sions or other benefits provided by this chapter;
11(5) Require the physicians appointed under the provisions
of chapter 41. 16, to examine and report to the board upon
all applications foi relief and pensions under this chapter;
and
11(6) Perform such acts, receive such compensation and en-
joy such immunity as provided in RCW 41. 16. 040. "
The requirement of subdivision ',5) has apparently been complied with, in
that the physician appointed by the board had reported fol owing his examina-
tion of the applicant that he "is handicapped to the extent that he cannot carry
on his duties as a regular fireman. " This leaves for determination the basic
fact of whether or not the caimant incurred polio during the performance of
or as a result of his duties as a fireman.
Since the board shall. "Pass upon and a.'.low or disallow" the application, the
ascertainment of facts on which to base such a determination is its pre-
rogative and obligation. The right to conduct a hearing and compel witnesses
to appear and testify under oath is provided for in RCW 41. 16. 040 (6). As
was pointed out in Carleton v. Board of Police Pension Fund Comr's. , 115
Wash. 572, hearings on applications for pensions call for determinations
of questions of fact of which the board, performing judicial functions, are
the triers. Such hearings are to be conducted in the ordinary way and man-
ner, with witnesses attending and testifying under oath and with full o ppor-
tunity accorded the applicant to give evidence in support of his claim. The
burden of establishing the right to a pension ordinarily rests on the claimant.
(McQuillin, supra, § 12. 163)
We conclude that a fireman is eligible for disability benefits under the pro-
visions of RCW 41. 18. 050 when he becomes disabled because of any injury,
sickness or disease incurred during the performance of or as the result of
the performance of his duty as a fireman. A pension board in allowing or
Honorable Cliff Yelle -5- August 28, 1957
disallowing such a claim should base its decision upon a determination of
fact upon factual evidence submitted to it. Before disposing of any matter
adversely to the claimant he must be accorded an opportunity to be heard
and present testimony in support of his claim. Carleton v. Board of Po-
lice Pension Fund Comr's. , supra. See also Benedict v. Board of Police
Fund Comr's. , 35 Wash. (2d) 465 .and In Re Gifford, 192 Wash. 562.
Very truly yours,
JOHN J. O'CONNELL
Attorney General
MITCHELL DOUMIT
Assistant Attorney General
r
l � 8
STATE OF WASHINGTON
JOHN J. O'CONNELL
ATTORNEY GENERAL
OLYMPIA
PENSION--FIREMEN--RIGHT TO RECEIVE MEDICAL, HOSPITAL AND
NURSING CARE.
RCW 41. 18. 060 gives the municipal firemen's pension board discretion to
provide a disabled fireman with medical, hospital and nursing care as long
as the disability exists.
- - - - - - - - - - - - -
September 30, 1960
Honorable Wally Carmichael
State Representative, 38th District
P. O. Box 736 Cite as:
Everett, Washington AGO 59-60 No. 148
Dear Sir:
By letter previously acknowledged, you have requested the opinion of this
office upon a question which .,,e paraphrase as follows:
Under § 6, chapter 382, Laws of 1955 (RCW 41. 18. 060)
may a disabled fireman receive medical, hospital and
' nursing care as long as his disability exists, or for a
maximum period of six months ?
Your question is answered in the analysis.
ANALYSIS
RCW 41. 18. 060 provides as follows:
"Whenever the retirement board, pursuant to examina-
tion by the board's physician and such other evidence as
it may require, shall find a fireman has been disabled
while in the performance of his duties it shall declare
him inactive. For a period of six months from the time
of such disability he shall draw from the pension fund a
disability allowance equal to his monthly salary at the
t_ time of disability and, in addition, he may be provided
c. with such medical, hospital and nursing care as long as
the disability exists. If the board finds at the expiration
of six months that the fireman is unable to return to and
perform his duties, then he shall be retired as provided
r• in RCW 41, 18. 070. " (Emphasis supplied. )
.1
AGO 59-60 "No. 148
Honorable Wally Carmichael -2- September 30, 1960
Comparison of this statute with a portion_ of the 1947 Firemen's Benefits
Act, a companion statute previously enactec., may prove helpful. RCW
41. 16. 190, provides as follows:
"No fireman disabled in. the performance. of duty shall
receive a pension until six months has elapsed after
such disability was sustained. Therefore, whenever
the retirement board, pursuant .o examination by the
board's physician and such other evidence as it may
require, shall find a fireman has been disabled while
in the perfor-mance of his duties, it shall declare him
inactive. For a period of sir- months from the time he
became disabled: he shall continue to draw full pay from
his municipality and m addition thereto he shall, at the
expense of the municipality, be provi,ed with such medi-
cal, hospital and nursing care as the retirernent board
deems proper, if the board fi..ds at the exuiration of
six months that the fireman is unable to return to and
perform his duties, then he shall be retired as herein
provided. " (Emphasis supplied. 1 a
The answer to your question depends upon v,hat the legislature meant by
the underlined language of RCW 41. 18. 060, s pia. In arriving at the in-
tent of the legislative body, the first resort of the courts is to the context
and subject matter of the legislation, because the intention of the lawmaker
is to be deduced, if possible, frorn what it scid. Hatzenbuhler v. Harrison, a
49 Wn. (2d) 691, 306 P. (26; 745 (195"); D:i scoll v. City of Bremerton,
48 Wn. (2d) 95, 291 P. ;2d) 642 (1055). WET-re the language of a statute is
plain, free from ambiguity, and devoid of uz-certainty, there is no room
for construction, since the meaning will be discovered frorn the wording
of the statute itself. State v. Houck, 32 Wr_. (=;l) 081, 203 P. (2d) 693
(1949). See also, 2 Sutherland, Statutory Construction, § 4701, p. 333.
Statutory words to be construed must be giver their usual and ordinary
meaning. See Miller v. City of Pasco, 50 Wr_. (2d) 229, 310 P. (2d) 863
(1957); Pacific Northwest Alioys, Inc, v. State, 49 Wn. (2d) 702, 306 P.
(2d) 197 (1957). As generally used in a statute, the word "shall" is im-
perative and imposes an enforceable duty, while the word "may" is per-
missive only and confers discretion. ; however: these words are frequently
used interchangeably and without regard :o their literal meaning, and in
each case the word is to be giver, the Effect ne-cessary to carry out the
legislative intent. Syoka.re County ex TC-,I, Sullivan v. Glover, 2 Wn. (2d)
162, 97 P. (2d) 6287(1_940%. See also, Stare ex rel. Blume v. Yelle, 52
Wn. (2d) 158, 324 P. (2d) 247 ( 1958). Thus; in the instant case, the legis-
lature has taken pains to use the word "sha'l'l" with relation to the fireman's
right to draw a disability allowance, and the word "mav" with reference to
the board's duty to provide such medical and other care. A similar delib-
erate choice of words was given effect in State ex rel. Blume v. Yelle,
b 1Ago
,y
Honorable Wally Carmichael -3- Septer_iber 30, 1960
supra. Furthermore, reference to RCW 41. 16. 190, the cornpanion stat-
ute, supra; lends an even stronger guide to legislative intent. There, the ..,..
language used was ". . . in addition thereto he shall, at the expense of
the municipality, be provided with such medical, hospital and nursing care
as the retirement board deems proper. " (Emphasis supplied. ) In the act
in question, the phrase "as the retirement board deems proper" was omit-
ted, but the word "shall" was charged to "may. "
While the disability allowance provided for in RCW 41. 118. 060 can be Da.id
for a maximum of six months only, the retirement board may provide r_-medi-
cal, hospital and nursing care to a fireman covered by that section, as long
as the disability exists. On this point the statute appears to be clear; un-
ambiguous, and free from doubt, since the legislature has used the phrases
"in addition" (to the six_ months disability allowance) and "as long as the
disability exists" with reference to medical, hospital. and nursing care.
If the statute were held to be ambiguous or unclear on this point, our hold-
ing would probably be the same. This office has held, in a previous opin-
ion involving the firemen's pension acts, that "If the provision is capable
of two interpretations, the general rule is that when a statutory provision
+ + the interpretation .which accomplished
is susceptible to two interpretations, p
_ the purpose of the act should be adopted; in other words, the interpretation
most favorable to the injured fireman. " AGO 55-57 No. 309, to the State
Auditor, Division of Municipal Corporations, August 7, 1956, a copy of
which is enclosed.
It appears to have been clearly the legislative intent in both acts to allow
the retirement board a wise discretion as to whether, in a given case; the
facts justified an allowance of total medical, hospital and nursing care,
for as long as the disability existed, or for a lesser period, or in limited
amounts only. Thus, such medical, hospital and nursing care may be
furnished at the board's discretion, exercised reasonably and on a sound
basis.
We trust that this information will be of assistance to you.
Very truly yours,
JOHN J. O'CONNELL
Attorney General
v�L�<
OBERT F. HAUTH
�.; Assistant Attorney General
Enc.
AGO 59-60 No. 148
ti-
171
CITY OF RENTON
`r FIREMEN'S PENSION BOARD
Regular Meeting
October 13, 1981
BOARD MEMBERS
Barbara Y. Shinpoch, Mayor
Delores Mead, City Clerk/Secretary
Earl Clymer, Councilman
William Henry, Fire Department Representative
David Riggle, Fire Department Representative
Ray Barilleaux, Alternate Fire Department Representative
The regular monthly meeting of the Firemen's Pension Board was called to order
by Mayor Barbara Y. Shinpoch at 4:00 p.m. in the Sixth Floor Conference Room
of the Renton Muncipal Building. Board member Clymer was absent. Ted Bennett,
Acting Finance Director, was in attendance.
MINUTE APPROVAL
MOVED BY HENRY, SECONDED BY RIGGLE, TO APPROVE THE MINUTES OF THE PREVIOUS
MEETING OF SEPTEMBER 8, 1981, AS WRITTEN. MOTION CARRIED.
MONTHLY STATEMENT OF INVESTMENTS AND CASH FLOW
it Finance report, ending September 30, 1981, was distributed and reviewed. Ted
Bennett noted interest on a downward trend, prime rate down to 18%! This report
is to be filed for record.
MONTHLY BILLS AND PENSION PAYMENTS
September monthly bills and October pension payments, in total sum of $15,815.82
were reviewed. Attention of the Board was called to billing received from
Jack Haworth for medical services to his right eye, Aberdeen Eye Clinic, concluding
that this was connected with his glaucoma retirement disability. MOVED BY RIGGLE,
SECONDED BY HENRY, TO APPROVE THE MONTHLY BILLS AND PENSION PAYMENTS AS PRESENTED.
MOTION CARRIED.
CORRESPONDENCE
Secretary Mead called attention to letter directed to Mr. Haworth again denying
payment of claims connected with heart conditions which disability is other than
that for which he had been retired. Copy of the letter and the Board findings
were sent to Dr. Ernest Campbell, Municipal Law Specialist, and State Representative
Avery Garrett. The Board members acknowledged receipt of copy of the letter.
NEW BUSINESS
Ted Bennett called attention to matter discussed previously by the Board regarding
medicare benefits available to retired fire fighters and police officers who
have reached the age of 65 but have not signed up to receive the benefits, the
City and pension fund, therefore, paying greater medical costs for those persons
than would otherwise be necessary. It was proposed that the City reimburse the
`�.. fire fighters for such premiums, which are deducted from the social security checks,
and request those retirees to sign up for the medicare coverage. Ted Bennett
noted costs could be reduced in some instances by one half the present premium
cost. Discussion ensued regarding affected retirees. MOVED BY HENRY, SECONDED
172
Firemen's Pension Board
October 13, 1981
Page Two
BY SHINPOCH, THAT THE PENSION BOARD APPROVE THE CONCEPT OF REIMBURSING THE
MEDICARE PAYMENTS AS DISCUSSED. MOTION CARRIED. Ted Bennett was requested
to pursue the matter further as to procedure, legality confirmed.
Board member Henry inquired regarding possible extension of medical coverage
as carried under the group policy for spouse of retiree. Secretary Mead
indicated need to check legal aspect in that benefit to tax payers is required
when expending tax funds, also increase in group premiums a possibility in
extending the coverage. The Board generally indicated support if the extension
to spouse is legal and would not affect employee group premium. Ted Bennett
will also investigate this matter.
As there was no further business to come before the Board, it was MOVED BY
RIGGLE, SECONDED BY HENRY, TO ADJOURN THE MEETING. (Time: 5:05 p.m.) MOTION
CARRIED.
Delores A. Mead, City Jerk/Secretary
Firemen's Pension Board
MEDICAL BILLS FOR SEPTEMBER, 1981
ABERDEEN EYE CLINIC J. Haworth $ 43.00 $ 43.00
A & H DRUG #2 174346 C. Christenson $ 15.67 $ 15.67
ALEXANDER, JOHN (Reimburse) $ 99. 71 $ 99.71
ALLENBACH, HERMAN M. , D.D.S. , M.S. E. Tonda $ 30.00 $ 30.00
BARTELL'S #6 462792 T. K. Anderson $ 13.15 $ 13.15
BARTELL'S #6 462763 D. Walsh $ 6.20 $ 6.20
CORBIN, F. L. , M.D. E. Tonda $ 154.00 $ 154.00
CORNELL'S 13635 G. Bergquist $ 15.52
13767 G. Bergquist 15.55
13881 G. Bergquist 13.30
13865 K. Hanson 10.05
13637 D. Riggle 9.95
13193 D. Riggle 9.95
13903 D. Thorson 62.50 $ 136.82
DAWKINS, Gary (Reimburse) $ 8.25 $ 8.25
GOODWIN, DON (Reimburse) $ 6.90 $ 6.90
GREEN & JACKSON 0970884 G. Williams $ 64.75
0970885 G. Williams 25.35 $ 90.10
W..r K'S PHARMACY 113528 T. K. Anderson $ 5.65
113577 T. K. Anderson 5.65
114527 T. K. Anderson 5.65
114633 T. K. Anderson 8.05
114681 T. K. Anderson 8.05
114592 J. Ashurst 22.13
114541 J. Parks 7.80 $ 62.98
K'S PHARMACY 113534 R. Connell $ 34.00
114563 R. Connell 4.95
113307 P. Henry 25.65
114543 P. Henry 41.14
113513 G. Newton 4. 55
114674 B. Phillips 25.95 $ 136.24
MITCHELL, DONALD DR. L. Weiss $ 29.50 $ 29.50
STROH ALLERGY CLINIC G. Bergquist $ 50.00 $ 50.00
STROM, KARL B. (Reimburse) $ 225.00 $ 225.00
STROM, KARL B. (Reimburse) $ 225.00 $ 225.00
VALLEY GENERAL HOSPITAL K. Hanson $ 116.80 $ 116.80
TOTAL MEDICAL COSTS FOR SEPTEMBER, 1981 $1,449.32
KING COUNTY MEDICAL COSTS 713.90
PHOTOCOPIES (September) 22.80
TOTAL
52,186.02
174.
PENSION PAYMENTS FOR OCTOBER, 1981
i
ALEXANDER, John (Captain) $ 1,479.50
ANDERSON, Mrs. Enza 638.28
ANDERSON, T. K. (Fireman) 1,136.50
ASHURST, James F. (Asst. Chief) 1,633.00
1
BANASKY, George (Captain) 197.85
j CONNELL, Robert (Captain) 125.52
GOODWIN, Charles (Captain) 1,479.50
I HAWORTH, Mrs. Constance C. (Widow) 1,109.70
HAWORTH, Jack (Fireman) 1,136.50
HURST, Gerald (Fireman) 76.32
LAWRENCE, Floyd (Chief) 763.44
PRINGLE, Sylvia Joan (Widow) 994.91
PARKS, John (Fireman) 1,158.00
SHERERTZ, Alma B. (Widow) 17.58
SMITH, Leroy (Fireman) 210.80
STROM, Karl (Fireman) 1,136.50
TODD, Franklin L. (Fireman) 97.61
WALSH, Patrick J. (Captain) 238.29
TOTAL PENSION PAYMENTS $13,629.80
TOTAL PENSION PAYMENTS FOR OCTOBER, 1981 $13,629.80
TOTAL MEDICAL PAYMENTS FOR SEPTEMBER, 1981 $ 2,186.02
TOTAL EXPENSES: Medical/Pension $15,815.82
-------------- ----------------------------------------------------------------
TOTAL PENSION PAYMENTS FOR OCTOBER, 1980 $12,296.14
TOTAL MEDICAL PAYMENTS FOR SEPTEMBER, 1980 963.39
TOTAL EXPENSES: Medical/Pension $13,259.53
trJ CITY OF RLNTON — FIRI;AIFN'S PENSION FUI�D
L`
CASH & INVESTK NT ACTIVITY REPORT
As of September 30, 1981
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH & INVESTMENT ACTIVITY Sept. '81 August '81 Month Sej)t '80 Month August '80
CASH
Beginning Cash Balance . . . . 211 .58 169.01 103.83 59.18
RECEIPTS:
Revenue3,537.62 9,012.65 1 ,130.96 9,721 .18 I
Investments Sold 185,600.00 87,000.00 71 ,800.00 104,100.00
DISBURSEMENTS:
Expenditures . . . . . . . . . . . . . . . . . . 14,638.35 14,870.08 13,066.26 13,876.53
Investments Purchased . . . . . . . . . . . . . . 174,200.00 81 ,100.00 59,500.00 99,900.00
ENDING CASH BALANCE . . . . . . . . . . . . . . . 510.86 211 .58 468.53 103.83
INVESTMENTS
Savings Accounts, Repurchase
Agreements & Certificates of Deposit 80,000.00 91 ,400.00 27,000.00 39,300.00
Municipals . . . . . . . . . . . . . 3,100.46 3,100.46 14,716.54 14,716.54
Corporate Bonds . . . . . . . . . . 327,061 .66 327,061 .66 327,061 .66 327,061 .66
Mutual Funds . . . . . . . . . . . . . . . . . . • 139,888.34 139,888.34 171 ,888.34 171 ,888.34
TOTAL INVESTMENTS . . . . . . . . . . . . . . . . 550,050.46 561 ,450.46 540,666.54 552,966.54
TOTAL CASH & INVESTMENTS . . . . . . . . . . . . . 550,561 .32 561 ,662.04 541 ,135.07 553,070.37
INVESTMENT ACTIVITY DURING THE CURRENT MONTH: Days Inter
1 . Sold $154,000.00 Bache Repurchase Agreement Invested Earned
2. Sold $31 ,600.00 Pacific First Federal S & L Certificate of Deposit
3. Purchased $46,200.00 Bathe Repruchase Agreement 9-15-81 to 9-18-81 @15.625% 3 $ 60. 1 .-
4. Purchased $48,000.00 Bache Repurchase Agreement 9-18-81 to 9-25-81 @15.250% 7 142.3
5. Purchased $80,000.00 Queen City S & L Certificate of Deposit 9-25-81 to 11-6-81 @18.750% 43 1749.72
I
176
CITY OF RENTON
FIREMEN'S PENSION BOARD
Regular Meeting
November 10, 1981
BOARD MEMBERS
Barbara Y. Shinpoch, Mayor
Delores A. Mead, City Clerk/Secretary
Earl Clymer, Councilman
William Henry, Fire Department Representative
David Riggle, Fire Department Representative
Ray Barilleaux, Alternate Fire Department Representative
The regular monthly meeting of the Firemen's Pension Board was called to order
by Mayor Barbara Y. Shinpoch at 4:00 p.m. in the Sixth Floor Conference Room
of the Renton Municipal Building. All board members were present. Ted Bennett,
Acting Finance Director, was in attendance.
MINUTE APPROVAL
MOVED BY RIGGLE, SECONDED BY HENRY, TO APPROVE THE MINUTES OF THE PREVIOUS
MEETING OF OCTOBER 13, 1981, AS WRITTEN. MOTION CARRIED.
MONTHLY STATEMENT OF INVESTMENTS AND CASH FLOW
Finance report, ending October 31, 1981, was distributed and reviewed, the report
to be filed for record. (Copy attached)
MONTHLY BILLS AND PENSION PAYMENTS
October monthly bills and November pension payments, in total sum of $14,844.79
were reviewed. MOVED BY HENRY, SECONDED BY RIGGLE, TO APPROVE THE MONTHLY BILLS
AND PENSION PAYMENTS AS PRESENTED. MOTION CARRIED.
OLD BUSINESS
Board member Henry recalled inquiry of last month regarding possible medicare
coverage for retiree firefighters and for the spouse of retiree. Ted Bennett
advised that Frank B. Hall Company is contacting King County and Group Health
and will be sending a packet concerning costs for such extended coverages.
Upon inquiry by Fireman Riggle concerning 1982 budgetary funding, Mayor Shinpoch
advised that property tax has been allocated as per actuarial recommendation, that
the Council has final determination and that the City Council hearings, commencing
tonight, will likely include the Firemen's Pension Fund Budget hearing.
As there was no further business to come before the Board, it was MOVED BY MEAD,
SECONDED BY HENRY, TO ADJOURN. CARRIED. The meeting was adjourned at 4:45 p.m.
10-f 0
Delores A. Mead, City Cle /Secretary
Firemen's Pension Board
F I
MEDICAL BILLS FOR OCTOBER, 1981
A & H DRUGS 029770 R. Beatteay $ 29,90
174050 R. Bergman 4.55
174009 G. Nichols 6.50
629831 R. Price 7.91
174039 D. Thorson 6.75 $ 55.61
BARTELL DRUG #6 462898 C. Christensen $ 5.30 $ 5.30
BENSON HILL DRUG N. Vacca $ 14.98 $ 14.98
CONNELL, ROBERT L. (Reimburse) $ 7.15 $ 7.15
CORNELL'S VALLEY PHARMACY
13298 R. Bergman $ 9.94
12049 G. Bergquist 15.52
13061 K. Pedersen 11.05
16615 T. Hall 16.24 $ 52.75
GREEN & JACKSON 31370 G. Williams $ 88.95 $ 88.95
K'S PHARMACY 114782 R. Barilleaux $ 21.25
114816 R. Barilleaux 3.50
114756 R. Connell 7.50
114957 R. Connell 34.00
114793 T. LaValley 48.45
114744 B. Phillips 6.30
114788 A. Pringle 19.50
114751 M. Rupprecht 18.40 $158.90
K'S PHARMACY 113904 G. Bergquist $ 6.80
115019 T. Hall 21.10
114997 W. Henry 22.90
113908 B. Phillips 11.50
115089 A. Pringle 19.50
115058 K. Parks 17.80
113911 M. Rupprecht 6.05 $105.65
K'S PHARMACY 113926 J. Alexander $ 4.40
114615 J. Alexander 9.10
114792 J. Alexander 63.99
114831 J. Alexander 23.00
114889 J. Alexander 4.40
114748 T. K. Anderson 8.05
114810 T. K. Anderson 14.95
114887 T. K. Anderson 14.95
114982 T. K. Anderson 6.75
115030 T. K. Anderson 6.75
115073 T. K. Anderson 6.75
115099 T. K. Anderson 13.00
113992 T. K. Anderson 13.00 $189.09
LIND, JOHN C. , D.D.S. J. Colombi $ 40.00 $ 40.00
178
MEDICAL BILLS FOR OCTOBER, 1981 (Continued)
PAY N SAVE CORPORATION 5637400 J. Bell $ 8.02
5637398 J. Bell 8.34
5636657 J. -Bell 8.34
5637408 J. Bell 3.99
5637399 K. Hanson 6.83
5636751 J. Mathew 20.24
5637397 J. Mathew 11.33
5636658 M. Moeller 9.49
5637396 M. Moeller 6.61 $ 83.19
SPRINGBROOK HEALTH
& DRUG SUPPLY J. Bell $ 11.89 $ 11.89
TOTAL MEDICAL COSTS FOR OCTOBER, 1981 $ 813.46
KING COUNTY MEDICAL COSTS 598.65
PHOTOCOPIES 41.38
TOTAL $1,453.49
_79
PENSION PAYMENTS FOR NOVEMBER, 1981
ALEXANDER, John (Captain) $ 1,479.50
ANDERSON, Mrs. Enza (Widow) 638.28
ANDERSON, T. k. (Fireman) 1,136.50
ASHURST, James F. (Asst. Chief) 1,633.00
BANASKY, George (Captain) 197.85
CONNELL, Robert (Captain) 125.52
GOODWIN, Charles (Captain) 1,479.50
HAWORTH, Mrs. Constance C. (Widow) 1,109.70
HAWORTH, Jack (Fireman) 1,136.50
HURST, Gerald (Fireman) 76.32
LAWRENCE, Floyd (Chief) 763.44
PARKS, John (Fireman) 1,158.00
PRINGLE, Sylvia Joan (Widow) 967.21
SHERERTZ, Mrs. Alma B. (Widow) 17.58
STROM, Karl (Fireman) 1,136.50
TODD, Franklin L. (Fireman) 97.61
WALSH, Patrick J. (Captain) 238.29
TOTAL PENSION PAYMENTS $13,391.30
TOTAL PENSION PAYMENTS FOR NOVEMBER, 1981 $13,391.30
TOTAL MEDICAL PAYMENTS FOR OCTOBER, 1981 $ 1,453.49
TOTAL EXPENSES: Medical/Pension $14,844.79
-------------------------------------------------------------------------------
TOTAL PENSION PAYMENTS FOR NOVEMBER, 1980 $12,296.14
TOTAL MEDICAL PAYMENTS FOR OCTOBER, 1980 $ 1,732.81
TOTAL EXPENSES: Medical/Pension $14,028.95
4
CITY OF RENTON — FI1WILN'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
As of October 31 , 1981
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH & INVESTMENT ACTIVITY October 1981 September 1981 Month Oct. '80 Month Sept. '80
f CASH
Beginning Cash Balance . . . . . . . . . . . . . . 510.86 211 .58 468.53 103.83
RECEIPTS:
Revenue 4,275.78 3,537.62 3,825.68 1 ,130.96
Investments Sold . . . . . . . 5,400.00 185,600.00 54,100.00 71 ,800.00
DISBURSEMENTS:
Expenditures 15,700.57 14,638.35 13,644.26 13,066.26
Investments Purchased . . . . . 5,400.00 174,200.00 44,700.00 59,500.00
ENDING CASH BALANCE . . . . . . . . . . . . . . . [10,913.931 510.86 49.95 468.53
INVESTMENTS
Savings Accounts, Repurchase
Agreements & Certificates of Deposit 80,000.00 80,000.00 17,600.00 27,000.00
Municipals . . . . . . . . . . . . . 3,100.46 3,100.46 14,716.54 14,716.54
Corporate Bonds . . . . . . . . . . 0 327,061 .66 327,061 .66 327,061 .66 327,061 .66
Mutual Funds . 139,888.34 139,888.34 171 ,888.34 171 ,888.34
TOTAL INVESTMENTS 550,050.46 550,050.46 531 ,266.54 540,666.54
TOTAL CASH & INVESTMENTS . . . . . . . . . 539,136.53 550,561 .32 531 ,316.49 541 ,135.07
INVESTMENT ACTIVITY DURING THE CURRENT MONTH:
1 . Sold 2,800.00 Certificate of Deposit Pioneer First Federal S & L
2. Sold $1 ,300.00 Repurchase Agreement Peoples National Bank
3. Sold $1 ,300.00 Repurchase Agreement Bache
4. Purchased $2,800.00 Certificate of Deposit Pioneer First Federsl S & L 17.25% 14 $18.76
5. Purchased $1 ,300.00 Repurchase Agreement Peoples National Bank 13.3750% 3 1 .44
6. Purchased $1 ,300.00 Repurchase Agreement Bache 14.7500% 7 3.71
O
00
FIREMEN'S PENSION BOARD
Regular Meeting
�•• December 8, 1981
BOARD MEMBERS
Barbara Y. Shinpoch, Mayor
Delores A. Mead, City Clerk/Secretary
Earl Clymer, Councilman
William Henry, Fire Department Representative
David Riggle, Fire Department Representative
Ray Barilleaux, Alternate Fire Department Representative
The regular meeting of the Firemen's Pension Board was called to order
by
Mayor Barbara Y. Shinpoch at 4:00
Of the Municipal Buildin p•m• in the Sixth Floor Conference Room
Barilleaux was in attendanceAinethetabsenceFireDofaFirefightereDav d Rirtment g Ray
Ted Bennett, Acting Finance Director, was also id iggle.
present.
MINUTE APPROVAL
MOVED BY HENRY, SECONDED BY BARILLEAUX, TO APPROVE THE MINUTES OF THE
PREVIOUS MEETING OF NOVEMBER 10, 1981, AS WRITTEN. MOTION CARRIED.
MONTHLY STATEMENT OF INVESTMENTS AND CASH FLOW
Finance report, ending November 30, 1981, was distr(COibuCedaanddreview
be filed for record.
� ed, to
MONTHLY BILLS AND PENSION PAYMENTS
November bills and December
were reviewed.were payments in total sum of $18,612. 39
for Sylvia Joan Pringle whose second child secretary called tbecame ion to mid-month reduced pension
and to
mid-month pension payment due to November 12 18 Years of age
Goodwin, b 1981 retirement of Charles
y the LEOFF Board. Attention was also called to bills for Fire-
fighter McInnis which include malocclusion dental work
Fire-
required in connection therewithinsum and•;facial surgery,
rejected by King County Medical servicesand Washington$3, 122.Dental 06. hserviceswere
work of this nature not covered under the contracts.
The bills were approved by the Local LEOFF Board along with billings for
services of a like nature for police officer Lindberg with a new
established that effective December 2,
any payments for dental services other than �theebenefitLEOFF soprovidelpnotca to be
41.26.030 (H), PProve
d by RCW
The Firemen's Pension Board members
dental bills noted policy not to cover edentalgworktforgother than that
allowed in the RCW, uests for Payment for
"Dental charges incurred by a member who sustains an
accidental injury to his teeth and who commences treatment b
licensed dentist within 90 days after the accident. " y a legally
In further discussion the Board questioned its authority and the le ali
ty
rr.. in extending benefits beyond the limits of the RCW.
attorney opinions which stipulated dental benefits toTbe aecreita ger_it
under the labor contracts which apply uniformly to all employees
andeem
not
to
be revised or increased except at time of contract renewal.
t
The RCW list
CITY OF RENTON
FIREMEN'S PENSION BOARD
Regular Meeting
December 8, 1981
1. CALL TO ORDER
2. APPROVAL OF MINUTES OF NOVEMBER 10, 1981
3. MONTHLY STATEMENT TO NOVEMBER 30, 1981
4. MONTHLY BILLS AND PENSION PAYMENTS
5. OLD BUSINESS
6. NEW BUSINESS
7. ADJOURNMENT
98T
to
MTDICAL BILLS FOR NOVEMBER, 1981
A & H DRUGS 174087 S. Schneider $ 15.53
174067 S. Schneider 32.49
1r..
ALEXANDER, JOHN (Reimburse) 76. 78
ASSOCIATED UNIVERSITY U4355210 K. McInnis 253.50
PHYSICIANS
BAKER, GORDON, M.D. J. Matthew 17.00
J. Matthew 17.00
BARTELL DRUG #6 462925 T. K. Anderson 2.66
462930 D. Walsh 22.15
459378 N. Vacca 10.27
459346 N. Vacca 12.84
BELLEVUE OPTOMETRY CLINIC T. LaValley 131. 38
CORNELL' S VALLEY PHARi`tACY
16461 R. Barilleaux 12. 75
16068 R. Barilleaux 11.87
16496 G. Bergquist 15.52
16303 C. Christenson 16.2 +
17303 R. Geissler 10. 79
17544 P. Walsh 8.20
FAMILY PRACTICE 16437 R. Connell 35.00
16436 R. Connell 10.00
`.
FAIRWOOD PHAR.`IACY 154065 G. Hawkins 14.40
K'S PHARMACY 114035 J. Alexander 7.25
114059 J. Alexander 32.47
114112 J. Alexander 6. 30
114123 J. Alexander 19. 75
114094 T.K. Anderson 13.00
114204 T.K. Anderson 14.25
114172 R. Bergman 7.20
114174 R. Connell 13.26
114238 R. Connell 27.13
114955 P. Henry 37.93
114268 P. Henry 16.60
114290 P. Henry 7.16
114116 G. Hurst 4.61
114187 Wm. Larson 8.75
114192 G. Newton 13.25
114186 B. Phillips 10.60
NEVADA EMERGENCY SERVICES
20562 P. Henry 23.50
MC KINNIS, KENNETH (Reimburse) 600.00
ORAL SURGEONS 0435521 K. McInnis 1500.00 --
PAY N SAVE 5708030 H. Dykes 4.99
Firemen's Pension Board
Page Two
December 8, 1981
covers minimum services which can be provided. The city and pension and
disability boards have discretion according to availability of funds;
however, the collective bargaining agreements need to be considered.
The secretary was requested to research the minutes for.prior dental requests
for Bill Henry, Dick Geissler, and Ernie Tonda, which it was felt were denied
in part.
Mayor Shinpoch advised she would check with the Attorney regarding legality
and authority to pay benefits beyond those allowed by law. MOVED BY CLYMER,
SECONDED BY HENRY, TO APPROVE THE MONTHLY BILLS EXCLUDING THOSE FOR FIREFIGHTER
McINNIS PENDING INVESTIGATION AND LEGAL OPINION. MOTION CARRIED.
NEW BUSINESS
Upon inquiry, Acting Finance Director Ted Bennett noted restructure of medical
program and rate increase scheduled for next year. In accordance with bargaining
group negotiations, 25 percent increase anticipated.
As there was no further business to come before the Board, it was MOVED BY
MEAD, SECONDED BY HENRY, TO ADJOURN. MOTION CARRIED. Time: 4:55 p.m.
Delores A. Mead, CityClerk/Secretary
Firemen's Pension Board
�gT
i
PENSION PAYMENTS FOR DECEMBER, 1981
ALEXANDER, JOHN (Captain) $1,479.50
ANDERSON, MRS. ENZA (Widow) 638.28
ANDERSON, T.K. (Fireman) 1,136.50
ASHURST, JAMES F. (Asst. Chief) 1,633.00
BANASKY, GEORGE (Captain) 197.85
CONNELL, ROBERT (Captain) 125.52
GOODWIN, CHARLES (Captain) 1,479.50
GOODWIN, DONALD (Fire Fighter) 378.28
HAWORTH, MRS. CONSTANCE C. (Widow) 1,109. 70
HAWORTH, JACK (Fireman) 1,136.50
HURST, GERALD (Fireman) 76.32
LAWRENCE, FLOYD (Chief) 763.44
PARKS, JOHN (Fireman) 1,158.00
PRINGLE, SYLVIA JOAN (Widow) 953. 36
SHERERTZ, ALMA B. (Widow) 17.58
STROM, KARL (Fireman) 1,136.50
TODD, FRANKLIN L. (Fireman) 97.61
WALSH, PATRICK J. (Captain) 238.29
TOTAL PENSION PAYMENTS $13,755. 73
TOTAL PENSION PAYMENTS FOR DECEMBER, 1981 13,755. 73
IOTAL MEDICAL PAYMENTS FOR NOVEMBER, 1981 4,856.66
TOTAL EXPENSES: Medical/Pension 1$,612. 39
-----------------------------------------------------------------------------------
TOTAL PENSION PAYMENTS FOR DECEMBER, 1980 12,326. 34
TOTAL MEDICAL PAYMENTS FOR NOVEMBER, 1980 1,486.43
TOTAL EXPENSES: Medical/Pension $ 13,$12. 77
MEDICAL BILLS FOR NOVEMBER, 1981 (Continued)
PAYLESS DRUGS 678788 L. Eager $ 11.01 $ 11.01
ST. MARYS HOSPITAL OF RENO
2616928 P. Henry 384.07 384.07
UNIVERSITY OF WASHINGTON 0435521 K. McInnis 768.56 768.56
TOTAL MEDICAL COSTS FOR NOVEMBER, 1981 4,258.01
KING COUNTY MEDICAL COSTS 598.65
TOTAL 4,856.66
CITY OF RENTON
FIREMEN'S PENSION BOARD
Regular Meeting
January 12, 1982
1. CALL TO ORDER
2. APPROVAL OF MINUTES FOR DECEMBER 8, 1981
3. MONTHLY STATEMENT TO DECEMBER 31, 1981
4. MONTHLY BILLS AND PENSION PAYMENTS
5. OLD BUSINESS
6. NEW BUSINESS
7. ADJOUFNti TENT
031
90
FIREMEN'S PENSION BOARD
REGULAR MEETING
JANUARY 12, 1982
MINUTES
The regular meeting of the Firemen's Pension Board was called to order by Richard
Stredicke at 4:00 p.m. in the sixth floor conference room. Mayor Shinpoch and
Board member Henry were absent. Ted Bennett , Acting Finance Director was in
attendance.
MINUTE APPROVAL: '
MOVED BY MEAD, seconded by RIGGLE,to approve the minutes of the previous meeting
of December 8, 1981 as written. MOTION CARRIED.
MONTHLY STATEMENT OF CASH FLOW AND INVESTMENTS:
Finance report, ending December 30, 1981 was distributed and reveived. Ted
Bennettnoted final payment this month on LID 271 Loan. (Finance report attached) .
MONTHLY BILLS AND PENSION PAYMENTS :
December bills and January pension payments in sum of $16,004.68 were presented.
Secretary Mead reported changes in 1982 monthly retirement pensions, certain
increases effective 1/1/82 in accordance with Firefighters Local 864 whereby
retirees receive 1/2 the increase received by firefighter presently in position
held by retiree at time of retirement, plus spread in rank, per Resolution 2331 .
Firefighter Riggle inquired regarding payment of billings for dental services
withheld last month. Secretary Mead read letters directed to the City Attorney
and LEOFF Board inquiring regarding authority and legality of making payments
from the fund which exceed benefits provided by state law and as regards the union
and dental contracts, the Attorney noting the LEOFF Board having wide discretion.
MOVED BY RIGGLE, second by MEAD, to withold Board action on the pending dental
bills until the LEOFF Board makes its final determination . CARRIED.
MOVED BY RIGGLE, seconded by MEAD, to pay the current monthly bills and pension
benefits as presented. CARRIED.
The Board Secretary reported research of minutes regarding prior dental claims
of Bill Henry, Dick Geissler and Ernie Tonda . Copies of minute excerpts were
furnished to the Board.
The minutes reflect payment withheld in October, 1974 for Dick Geissler over and
above those allowed by the dental contract limit. (30% differential ) . In
November, 1974 the Board determined not to extend benefits (for 30% incentive
differential) beyond fee schedule limit of the dental contract , Fair Labor Act
cited as basis of necessity to treat all employees alike without discrimination.
In December, 1972 certain payments were made for Fireman Ernie Tonda concerning
orthodontic surgery. In March, 1976 requests of firefighter Bill Henry , $238.90,
and Dick Geissler, $210.90, beyond contract limits were denied based on attorney' s
opinion that payment would be questionable and subject to possible challenge.
As there was no further business to come before the Board, it was MOVED BY MEAD,
seconded by RIGGLE to adjourn. CARRIED. Meeting adjourned at 4:55 p.m.
ue��1. Mead , S cretary
192
PENSION PAYMENTS FOR JANUARY, 1982
ALEXANDER,JOHN (Captain) 1,601.50
ANDERSON, MRS. ENZA (Widow) 638.28
ANDERSON, T.K. (Fireman) 1,230.50
HAWORTH, JACK (Fireman) 1,230.50
ASHURST, JAMES F. (Asst. Chief) 1, 767.50
BANASKY, GEORGE (Captain) 344.25
BERGMAN, RONALD A. (Fire Fighter) 69.45
CONNE:LL, ROBERT (Captain) 247.52
GOODWIN, CHARLES (Captain) 1,601.50
GOODWIN, DONALD (Fire Fighter) 346.80
HAWORTH, MRS. CONSTANCE (Widow) 1,109.70
HENRY, PAUL J. (Fire Fighter) 77.09
HURST, GERALD (Fireman) 172.32
LA VALLEY, THEODELE (Captain) 122.00
LAWRENCE, FLOYD (Chief) 763.44
PARKS, JOHN (Fireman) 1,254.00
PRINGLE, Sylvia J. (Widow) 953.36
SHERERTZ, ALMA B. (Widow) 173.60
SMITH, LEROY (Fire Fighter) 63.22
STROM, KARL (Fireman), 1,230.50
TODD, FRANKLIN L. (Firemap) 190.11
TONDA, ERNEST J. (Captain) 148.48
WALSH, PATRICK J. (Captain) 360.29
TOTAL PENSION PAYMENTS 15,695.91
TOTAL PENSION PAYMENTS FOR JANUARY, 1982 15,695.91
TOTAL MEDICAL PAYMENTS FOR DECEMBER, 1981 1,523.83
TOTAL EXPENSES: Medical/Pension — -17,219. 74-
TOTAL PENSION PAYMENTS FOR JANUARY, 1981 14,958. 75
TOTAL :MEDICAL PAYMENTS FOR DECEMBER, 1980 1,045.93
TOTAL EXPENSES: Medical/Pension 16,004.68
MEDICAL BILLS FOR DECEMBER, 1981
GORDON P. BAKER, MD J. Matthew $ 17.00 $ 17.00
BARTELL DRUGS #5 677966 N. Vacca 8.25 8.25
INTERNATIONAL OPTICAL B. Phillips 130.00 130.00
K'S PHARMACY 114374 J. Alexander 19.70
120135 J. Alexander 9.95
120116 T.K. Anderson 5.25
114397 J. Parks 12.91
120148 P. Henry 17.14
114396 W. Larson 12.60
114422 B. Phillips 26.85
120142 A. Pringle 19.50
114364 M. Rupprecht 3.50 127.40
LARRY EAGER (Reimburse) 10.64 10.64
DR. ROD HANDLY, JR. N. Vacca 99.00 99.00
RADIOLOGY CONSULTANTS, 67608 P. Henry 42.00 42 .00
RENTON PODIATRY D. Walsh 280.00 280.00
ST. MARYS HOSPITAL P. Henry 27.00 27.00
(Reno)
i
D. WALSH (Reimburse) 80.00 80.00
P. WALSH (Reimburse) 57.84 57.84
TOTAL MEDICAL COSTS FOR DECEMBER, 1981 $ 879.13
KING COUNTY MEDICAL COSTS 644.70
TOTAL 1,523.83
T6T
193
FIREMEN ' S PENSION BOARD
Regular Meeting
February 9 , 1982
BOARD MEMBERS
Barbara Y. Shinpoch, Mayor
Delores A. Mead, City Clerk/Secretary
Earl Clymer, Councilman
William Henry, Fire Department Representative
David Riggle, Fire Department Representative
Ray Bari Ileaux, Alternate Fire Department Representative
The regular meeting of the Firemen' s Pension Board was called to order by Mayor
Barbara Shinpoch at 4:00 p.m. in the conference room of the main fire station.
All Board members were present. Ted Bennett , Acting Finance Director, was alsc
present.
MINUTE APPROVAL
MOVED BY RIGGLE, SECONDED BY HENRY , TO APPROVE THE MINUTES OF THE PREVIOUS
MEETING OF JANUARY 12, 1982 AS WRITTEN. MOTION CARRIED.
MONTHLY STATEMENT OF INVESTMENTS AND CASH FLOW (Copy Attached)
Finance report, ending January 31 , 1982, was distributed and reviewed , to
be filed for record.
MONTHLY BILLS AND PENSION PAYMENTS (Attached)
January medical bills and February pension payments , in total sum of $18,287.03 .
were reviewed. MOVED BY RIGGLE , SECONDED BY HENRY TO APPROVE THE BILLS AS
SUBMITTED. MOTION CARRIED.
CORRESPONDENCE
Dental bills for Police Officer Donald Lindberg and Kenneth McInnes were pendia
LEOFF Board final determination and City Attorney' s opinion.., Letter from LEOFF
Board Chairman Trimm confirmed approval of dental bill claims in excess of
minimum allowed by statute, per Attorney ' s letter ruling legality of the board
action. It was requested that the Firemen' s Pension Board reconsider and allow
payment from the pension fund.
Pension Board members discussed policy of not extending benefits over and
above the limits of the medical/dental Contracts or state statute. It was
noted during discussion that claim for the police officer would be paid from
the City' s general fund and that payment for the firefighter should be
funded from the same source. The City is legally bound to pay the bill
according to the attorney' s opinion and it being concluded there was no
apparent option in the matter.
MOVED BY STREDICKE , SECONDED BY HENRY, that the Firemen ' s Pension Board
stay with its usual practice of funding dental benefits only to the extent
of the limits outlined within the Dental Contract. MOTION CARRIED.
The Secretary was asked to respond to the LEOFF Board concerning the action
taken.
CITY OF RFNTON — F1 ]'S PENSION FUND '
CASH & INVESTFffENT ACTIVITY REPORT
As of December 30, 1981
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH & INVESTMENT ACTIVITY Dec '81 Nov '81 Month Dec '80 Month Nov '80
CASH
Beginning Cash Balance . . . . . . . . . . 58,961 .27 E 10,913.931 90.07 49.95
RECEIPTS:
Revenue . . . . . . . 84,179.91 36,419.99 21 ,040.84 10,883.12
Investments Sold . . . . . . . . . 50,800.46 268,300.00 102,220.76 103,200.00
DISBURSEMENTS:
Expenditures . . . . . . . . . . . . . 15,672.18 14,844.79 14,234.50 14,043.00
Investments Purchased . . . . . . . , . 177,500.00 220,000.00 109,100.00 100,000.00
ENDING CASH BALANCE . . . . . . . . . . . . . . . 769.46 58,961 -27 17. 17 90.07
INVESnENTS
Savings Accounts, Repurchase
Agreements & Certificates of Deposit . . . . . . . 161 ,500.00 31 ,700.00 26,500.00 14,400.00
Municipals . . . . . . . . . . . . . . . . . . . . _0_ 3,100.46 9,495.78 14,716.54
Corporate Bonds . . . . . . . . . . . . . 327,061 .66 327,061 .66 327,061 .66 327,061 .66
Mutual Funds . . . . . . . . . . . . . . . 139,888.34 139,888.34 171 ,888.34 171 .888.34
TOTAL INVESTMENTS . . . . . . . . . . . . . . . . 628,450.00 501 ,750.46 534,945.78 528,066.54
TOTAL CASH & INVESTMENTS . . . . . . . . . . . . 629,219.46 560,711 .73 534,962.95 528,156.61
INVESTMENT ACTIVITY DURING THE CURRENT MONTH:
1 . Sold $3,100.46 LID #271
2. Sold $47,700.00
3. Purchased $58,900.00 Great Northwest @13.00% Maturity 1/15/82 Certificates of Deposit 42 $893.00
4. Purchased $13,100.00 Federal National Mortgage Assoc. Bache @13.75% Maturity 4/10/85
5. Purchased $6,600.00 First Federal @15.75% Maturity 1/22/82 Certificates of Deposit 44 127 .05
6. Purchased $66,300.00 Olympic S & L @13.25% Maturity 2/5/82 Certificates of Deposit 57 1 ,390.92
7. Purchased $15,700.00 Bache @12.80% Maturity 2/23/82 Repurchase Agreement 67 374.01
8. Purchased $16,000.00 Bache @12.25% Maturity 12/28/81 Repurchase Agreement 10 54.44
9. Purchased $900.00 Bache @12.625% Maturity 1/2/82 Repurchase Agreement 7 2 21
195
PENSION PAYMENTS FOR JANUARY , 1982
ALEXANDER, $ 1 ,601 . 50
John (Captain) 638-28
--•—ANDERSCN, Mrs. Erza (Wiccw) 1 ,230.50
ANDEF.`-ON, T.K. (Fireman) 1 ,767 50
ASHLRST, James F. (Asst. Chief) 3L 4.25
BANASKY, George (Captain) 69.45
BFRGMAN, Ronald A. (Fire Fighter) 247.52
CONNELL, Rcbert (Captain) 1 ,601 .50
GOODWIN, Cfarles (Captain) 346.80
GOODVIN, Donald (Fi rc: Fighter) 1 , 109. 70
HA1AORTH, Mrs. Constance C. (4'idow) 1 ,230 50
HAWORTH, Jack (Fireman) 77-09
HENRY, Paul J. (Fire Fichter) 172. 32
HURS1', Gerald (Fireman) 122 00
LAVALLEY, Theodele LaValley 763.44
LAWRENCE, Floyd (Chien) 1 ,254.00
PARKS , John (Fireman, 953. 36
PRINGLE, Sylvia Joan Pringle 173.60
SHEFERTZ, Pima B. (�;i dow) 63.22
SMITH, LeRciy (Fire Fighter) 1 ,230.50
S1FOM, Karl (Fi rerran) 190. 11
TODD, Franklin L. (Fireman' 148. 48
TONDA, Ernest J. (Captain) 360.29
WALSH, Patrick J. (Captain)
TOTAL PENSION PAYMENTS. 15,695.91
TOTAL PENSION PAYMENTS FOR FEE-RUARY , 1982 15 ,695.91
TOTAL ME1,1CAL PA`rMENTS FOR JANUAF.Y , 1982 1 ,772.6/
FINANCIAL/CLERICA,L SERVICES 818.45
TOTAL EXFENSES: Medical/Pension /Financial /Clerical Services 18 ,28703
TOTAL PENSION PAIPENTS FCR FEBFUARY, 1581 14,978. 25
TOTAL MEDICAL PAYMENTS FOR JANUARY, 1981 1 ,216.93_
82
TOTAL EXPENSES: Medical/Pension L6, 194. _
Firemer.' �: Pensicn Board - February, 1982
196
Firemen' s Pension Board
Page two
February 9, 1982
OLD BUSINESS
Ted Bennett advised no written report received from Frank B. Hall Co.
concerning required Medicare application and/or the City retaining
insurance coverages, however, it was expressed by King County representative
Glasford that there is a slightly reduced premium package available,
however benefits are also lesser and in event of a significant major
medical claim it could be costly for the City. It was felt the City
should continue paying full premiums for full coverage and that letter
not be sent to retirees urging medicare application.
NEW BUSINESS
Firefighters Riggle and Henry proposed that the Pension Fund pay 1/2 and
the City 1/2 of the cost for a 1982 Acturial Study, the 1980 report
reflecting llt per thousand dollars assessed valuation as needed for
solvent fund, and increased assessed value estimate possibly resulting in
lesser amount to be required. Questions were raised regarding possible
event of higher levy•,recommended for fund; whether actuarial required
each year, the Secretary noting an actuarial report must confirm all
of levy is not required, .,otherwise City must levy the mandated amounts.
It was suggested that actuary be contacted for possible estimate
explaining difference in assessed valuation. MOVED BY STREDICKE,
SECONDED BY RIGGLE, THE PROPOSAL OF THE FIREFIGHTERS REPRESENTATIVE
BOARD MEMBERS BE REFERRED TO THE LEGAL OFFICE AND ACTING FINANCE
DIRECTOR FOR RECOMMENDATION AT THE NEXT MEETING. CARRIED.
As there was no further business to come before the Board, it was
MOVED BY STREDICKE, SECONDED BY MEAD, TO ADJOURN. CARRIED. Meeting
adjourned at 3:45 p.m.
Delores A. Mead , City Clerk/Secretary
Firemen' s Pension Board
l_
CITY OF RENTON — FIRL S. PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
As of January 31 . 1982
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH do INVESTMENT ACTIVITY Jan '82 Dec '81 Month Jan'81 Month Dec'80
CASH
Beginning Cash Balance . . . . . . . . . . . . . . 58.44 58,961 .27 17.17 90.07
RECEIPTS:
Revenue . . . . . . . . . . . . 6,009.58 84,898.89 3,700.39 21 ,040.84
Investments Sold . . . . . . . . . . . . . . . . 81 ,700.00 50,800.46 53,400.00 102,220.76
DISBURSEMENTS:
Expenditures 17,429.04 15,702.18 15,464.58 14,234.50
Investments Purchased 70,300.00 178,900.00 41 ,600.00 109,100.00
ENDING CASH BALANCE . . . . . . . . . . . . . . . 38.98 58.44 52.98 17.17
INVESTMENTS
Savings Accountsp Repurchase
Agreements & Certificates of Deposit . . . . . . . 151 ,500.00 162,900.00 14,700.00 26,500.00
Municipals . . . . . . . . . . . . . . . . . . . . -0- -0- 9,495.78 9,495.78
Corporate Bonds . . . . . . . . . . . . . . . . . 327,061 .66 327,061 .66 327,061 .66 327,061 .66
Mutual Funds . . . . . . . . . . . . . . . . . . . 139,888.34 139,888.34 171 ,888.34 171 ,888.34
TOTAL INVESTMENTS . -.• . . . .. . . 618,450.00 629,850.00 523,145.78 534,945.78
TOTAL CASH & INVESTMENTS . . . . . .+_ . . . . 618,488.98 629,908.44 523,198.76 534,962.95
INVESTMENT ACTIVITY DURING THE CURRENT MONTH:
1 . Sold Certificates of Deposit $70,500.00
2. Sold Repurchase Agreements $11 ,200.00
3. Purchased $900.00 Repurchase Agreement Bache @12.250% 1-4-82 to 1-8-82 4 $ 1 .20
4. Purchased $5,000.00 Certificates of Deposit Seattle-First National Bank @ 12.300% 1-8-82 to 1-29-82 21 35.70
5. Purchased $51 ,600.00 Certificates of Deposit Queen City S & L @14.00% 1-15-82 to 3-5-82 49 982.94
6. Purchased $8,000.00 Repurchase Agreement Bache @12.250% 1-15-82 to 1-22-82 7 19.04
7. Purchased $4,800.00 Repurchase Agreement Bache @13.625% 1-29-82 to 3-5-82 35 63.35
198
MEDICAL BILLS FOR JANUARY, 1982
ASSOC. ANESTHES. OF RENO P. Henry $ 88.00 $ 88.00
BARTELL DRUGS 462852 D. Walsh 5.45
462945 " 13.00
462946 T. Anderson 13. 15 31 .60
CORNELL'S PHARMACY 17380 G. Bergquist 15.52
17521 " 15. 52
17465 If 15- 74
• 17438 P. Geissler 48.C2
17679 16.87
17946 58.81
17640 T. Hall 10. 79
17517 D. Riggle 25.94 207.21
GRErI•; s JACKSON 452086 G. Wiliiams 45. 10 45. 10
K'S PHAF.MACY 126412 J. Alexander 4.95
126465 9.35
120527 6.50
120408 T. P . Anderson 9.00
120L75 R. Bari 1 l eau;. 7. 75
120240 R. Connell 10.05
120474 " 14. 15
120239 G. Hurst 11 .00
12C335 T. LaValley 37.95
120369 K. Parks 9.60
120331 B. Phillips 10.6C 135.90
BILL D. MAPDUX, M. D. P. Henry 230.86 230.86
WALTER B. WELT[ , M. D. B. Phillips 180.00 180.00
TOTAL MEDICAL COSTS FOR JANUARY, 1582 $ 918.67
KING COUNTY MEDICAL COSTS 854.00
TOTAL $1772.67
FINANCIAL/CLERICAL SEF.VICES 818.45
Firemen' s Pension Board - February, 1982
0199
Regular Meeting
FIREMEN' S PENSION BOARD
Addendum to Minutes Of
February 9, 1982
CORRECTION
BOARD MEMBERS
Barbara Y. Shinpoch, Mayor
Delores A. Mead, City Clerk/Secretary
Richard M. Stredicke, Councilman
William Henry, Fire Department Representative
David Riggle, Fire Department Representative
Ray Barr ileaux, Alternate Fire Department Representative
Delores A. Mead, Secreta /City Clerk
.■nr
0200
Regular Meeting
FIREMEN' S PENSION BOARD
March 9, 1982
BOARD MEMBERS
Barbara Y. Shinpoch, Mayor
Delores A. Mead, City Clerk/Secretary
Richard M. Stredicke, Councilman
William Henry, Fire Department Representative
David Riggle, Fire Department Representative
Ray Barrileaux, Alternate Fire Department Representative
The regular meeting of the Firemen' s Pension Board was called to order by
Barbara Y. Shinpoch at 4:00 p.m. in the sixth floor conference room of the
Municipal Building. Alternate Board Member Ray Barilleaux was present
in the absence of David Riggle. Ted Bennett, Acting Finance Director,
was in attendance.
MINUTE APPROVAL
MOVED BY MEAD, SECONDED BY RIGGLE, TO approve the minutes of the previous
meeting of February 9, 1982, as written. MOTION CARRIED.
CORRESPONDENCE:
Letter from Fire Chief Geissler reported re-election of firefighter Riggle
to a two year term as Firemen' s Pension Board member, ending December 31 , 1983•
Secretary ' s letter of response to the LEOFF Board was read advising of
decision to maintain the policy of not extending pension fund benefits
beyond the limits of the medical/dental/union contracts. Also, that
the firefighter's claim had been forwarded to the City Administration with
recommendation that the claim be funded from the City' s General Fund as
was the police officer claim. Discussion ensued regarding payment from
the Pension Fund to avoid garnishment of the firefighter who had relied
upon the City to pay, a fund transfer to be effected into proper budgetary
account in subsequent voucher run.
Memo from Secretary Mead reported death of retired fireman, T. K. Anderson,
(3-8-82) funeral to be held Friday, (3-12-82) at Stokes Mortuary.
MONTHLY STATEMENT OF CASH FLOW & INVESTMENTS
Finance report, ending February 26, 1982, was distributed and reviewed.
Ted Bennett noted interest rates up and still holding through the first
part of March. (Report Attached)
MONTHLY BILLS AND PENSION PAYMENTS (See attached lists)
February bills and March pension payments, in the sum of $18,378. 95 were
reviewed. The secretary reported pension of T. K. Anderson, deceased, will
appear in the name of Mrs. Anderson hereafter, and a $500.00 funeral expense
payment will be paid immediately pursuant to RCW 41 . 18.040. Attention was
called to eyeglass bill which included special tint, payment for lenses
and frames allowed, tint denied pursuant to established policy.
0201
FIREMEN' S PENSION BOARD
March 9, 1982
Page two
MONTHLY BILLS AND PENSION PAYMENTS (Cont ' d. )
Bills for retired fireman also include reimbursement items for other than
the disability for which he was retired, to be checked, adjusted accordingly
and the fireman to be notified.
Medical services to other firefighters were discussed as regards frequency
of treatments and office visits seeming in excessive amounts , possible
letters of inquiry expressing concern for expenses and questioning
prognosis discussed.
MOVED BY STREDICKE, SECONDED BY HENRY TO APPROVED THE BILLS AND PENSION
PAYMENTS AS AMENDED. MOTION CARRIED.
OLD BUSINESS
Subject of Actuarial Study was brought to the Board' s attention, Ted Bennett
advising a ''quickie'' study could be secured for $200.00, however, no
conclusion could be made that the City would be able to put less in the
fund. It was questioned whether the $200.00 could apply towards full study
if necessary, the exploratory study not to be basis to allocate to the
fund. Board Member Stredicke recalled request to run the proposal by
the firefighters, to fund one-half the cost for an actuarial, through
the Attorney ' s office.
MOVED BY STREDICKE, SECONDED BY HENRY, TO authorize $200.00 for perusal
and when that report comes back, if attorney hasn ' t ruled negatively on
shared cost of an actuarial the full study could then be considered.
CARRIED.
As there was no further business to come before the Board it was
MOVED BY STREDICKE, SECONDED BY MEAD, TO ADJOURN. CARRIED.
MEETING ADJOURNED AT 4:45 p.m.
Delores A. Mead, City Cl rk/Secretary
Firemen' s Pension Board
0202
MEDICAL BILLS FOR FEBRUARY, 1982
A & H DRUGS 174461 S. Schneider $ 17. 79 $ 17. 79
ALEXANDER, JOHN Reimburse 130.66 130.66
BARTELL DRUGS 463020 T. Anderson 2.66 2.66
CORNELL' S VALLEY PHARM. i6681 G. Bergquist 11 . 18
16718 P. Walsh 12. 70
17957 P. Walsh 6.96
16825 P. Walsh 21 . 77 52.61
DR. F. L. CORBIN _. K. Strom 402.00 402.00
FAIRWOOD PHARMACY 159983 G. Dawkins 5. 95 5.95
DONALD GOODWIN Reimburse 45.00 45.00
K' S PHARMACY 122626 G. Banasky 21 .00
122826 R. Bergman 5.65
120547 R. Connell 11 . 25
122730 D. Goodwin 18. 10
122763 Wm. Henry 24. 20
122603 B. Phillips 26.85
122816 A. Pringle 30. 45
122907 J. Alexander 13. 75
122966 J. Alexander 39.45
122892 J. Ashurst 18. 63
122920 J. Parks 32.67
123033 J. Parks 32.67 274.67
:F N -(FIS T CH i ROPRfi r�'1 C K. Steel 208.00 208.00
CLINIC
DR. S. NEWELL C. Christenson 190.00 190.00
PAY n SAVE C. Ankeny 6. 50 6. 50
STROH ALLERGY CLINIC G. Bergquist 10.00 10.00
TOTAL MEDICAL COSTS FOR FEBRUARY, 1982 1345.84
KING COUNTY MEDICAL COSTS 837. 20
TOTAL $ 2183.04
a�
i
0203
'InNslulr FAYMENTS FOR MARCH, 1982
ALEXANDER, John (Captain) $ 1 ,601 . 50
ANDERSON, Mrs. Enza (Widow) 638. 28
ANDERSON, T. K. (Fireman) 1 ,230. 50
ASHURST, James F. (Asst. Chief) 1 ,767. 50
BANASKY, George (Captain) 344. 25
BERGMAN, Ronald A. (Fire Fighter) 69. 45
CUNNELL, Robert (Captain) 247. 52
:UODWIN, Charles (Captain) 1 ,601 . 50
GOODWIN, Donald (Fire Fighter) 346. 80
HAWORTH, Mrs. Constance C. 1 , 109. 70
HAWORTH, Jack (Fireman) 1 ,230. 50
HENRY, Paul J. (Fire Fighter) 77- 09
HURST, Gerald (Fireman) 172. 32
LAVALLEY, Theodele (Captain) 122.00
LAWRENCE, FLOYD (Chief) 763. 44
PARKS, John (Fireman) 1 ,254. 00
PRINGLE, Sylvia Joan 953. 36
SHERERTZ, Alma B. (Widow) 173. 60
SMITH, Leroy (Fire Fighter) 63. 22
SfROM, Karl (Fireman) 1 ,230. 50
TODD, Franklin L. (Fireman) 190. 11
'fONPA, Ernest J. (Captain) 148. 48
WALSH, Patrick J. (Captain) 360. 29
TOTAL PENSION PAYMENTS $15 ,695 . 91
TOTAL PENSION PAYMENTS FOR MARCH, 1982 15 ,695. 91
Funeral Expense (T.K. Anderson) 500. 00
TOTAL MEDICAL PAYMENTS FOR FEBRUARY, 1982 2 , 183.04
TOTAL EXPENSES: Medical/Pension 18,373.95
---------------------------------------------------------------------------
TOTAL PENSION PAYMENTS FOR MARCH, 1981 15,478. 25
TOTAL MEDICAL PAYMENTS FOR FEBRUARY, 1981 1 , 170. 56
TOTAL EXPENSES : Medical/Pension 16,648.81
CITY OF Itr:ITON — FI IZEMEN'S PFNSION RWD
CASH & INVESTI\HTNT ACTIVITY REPORT
As of February 26, 1982
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH & INVESTMENT ACTIVITY Feb. '82 Jan. '82 Month Feb. '81 Month Jan. '81
CASH
Beginning Cash Balance . . . . . . . . . . . . . . 38.98 58.44 52.98 17. 17
RECEIPTS:
Revenue . . . . . . . . . . . . 8,101 .66 6,009.58 9,015.58 3,700.39
Investments Sold . . . . . . . . . . 85,300.00 81 ,700.00 55,200.00 53,400.00
DISBURSEMENTS:
Expenditures . . . . 19,229.76 17,429.04 16,859.00 15,464.58
Investments Purchased . . . . . . . . . . . . . 73,800.00 70,300.00 47,300.00 41 ,600.00
ENDING CASH BALANCE . . . . . . . . . . . . . . . 410.88 38.98 109.56 52.98
INVESTMENTS
Savings Accounts, Repurchase
Agreements & Certificates of Deposit . . . . . . . 140,000.00 151 ,500.00 22,500.00 14,700.00
Municipals . . . . . . . . . . . . . . . . . . -0- -0- 9,495.78 9,495.78
Corporate Bonds . . . . . . . . . . . . . . . . . 327,061 .66 327,061 .66 327.061 .66 327,061 .66
Mutual Funds . . . . . . . . . . . . . . . . . . . 139,888.34 139,888.34 171 ,888.34 171 ,888.34
TOTAL INVESTMENT'S . . . . . . . . . . . . . . . . 606,950.00 618,450.00 530,945.78 523,145.78
TOTAL CASH & INVESTMENTS . . . . . . . . . . . . . 607,360.88 618,488.98 531 ,055.34 523 ,198.76
INVESTMENT ACTIVITY DURING THE CURRENT MONTH:
1 . Sold $66,300.00 Certificates of Deposit.
2. Sold $19,000.00 Repurchase Agreement.
3. Purchased $68,900.00 Certificates of Deposit Queen City @15. 15% 2-5-82 to 4-9-82 63 $1 ,826.37
4. Purchased $1 ,200.00 Repurchase Agreement Bache @15.00% 2-5-82 to 2-19-82 14 7.00
5. Purchased $2,100.00 Repurchase Agreement Old National Bank @15.00% 2-11-82 to 2-19-82 8 6.96
6. Purchased $1 ,600.00 Certificates of Deposit Citizens Federal @16. 125% 2-23-82 to 4-19-82 45 31 .95
C�
Regular Meeting
FIREMEN'S PENSION BOARD
April 13, 1982
BOARD MEMBERS
Barbara Y. Shinpoch, Mayor
Delores A. Mead, City Clerk/Secretary
Richard M. Stredicke, Councilman
William Henry, Fire Department Representative
David Riggle, Fire Department Representative
Ray Barrileaux, Alternate Fire Department Representative
The regular meeting of the Firemen' s Pension Board was called to order by Barbara
Y. Shinpoch at 4:00 p.m. in the conference room of Fire Station 11. Ted Bennett,
Acting Finance Director, was in attendance. Maxine Motor, Deputy City Clerk,
attended in the absence of Del Mead. All other Board members were present.
MINUTE APPROVAL
MOVED BY HENRY, SECONDED BY RIGGLE, to approve the minutes of the previous meeting
of March 9, 1982, as written. MOTION CARRIED.
CORRESPONDENCE
Letter from Joan Pringle, Finance Department, reported Fire LEOFF Retirees ' pension
adjustments effective April 1, 1982, reflecting Consumer Price Index for the Seattle
area in the amount of 10. 84% increase (RCW 41.26. 240 directed) .
Letter from City Attorney Lawrence Warren regarding actuarial valuation of Firemen ' s
-- Pension Fund advised against a new study if the City is reasonably satisfied with
the present rate of payment to the fund.
Letter from Milliman and Robertson, Inc. , Consulting Actuaries, 1301 Fifth Avenue,
Seattle, provided Preliminary Actuarial Review of the status of the Pension Fund
as of February 28, 1982. The letter stated that a new actuarial valuation would
show a contribution rate at least as large as the $0. 11 per $1 ,000 of assessed
valuation shown in their September 1, 1980, report and recommended status review
before the 1984 tax levy is determined. Acting Finance Director Bennett advised
there would be no benefit to proceed with full actuarial study until legally re-
quired, even with increase in assessed valuation because of inclusion in previous
projection. MOVED BY HENRY, SECOND BY RIGGLE, THAT THE BOARD ACCEPT RECOMMENDATION
FROM THE CITY ATTORNEY AND MILLIMAN AND ROBERTSON , INC. CARRIED.
Letter from Robert M. Gannan, M.D. , Mason Clinic , Seattle, informed the Pension
Board that John L. Parks was under continual medical care, was on medication and
has just started doing well ; that Parks had requested he notify the Board. The
Board requested the Acting Secretary to furnish information as to disability of
John Parks.
MONTHLY STATEMENT OF CASH FLOW AND INVESTMENTS
Finance report, ending March 31, 1982, was distributed and reviewed. Ted Bennett
explained the need to keep $16,000 to $17,000 liquid for cash flow as investments
are limited to a certain percentage of the assets of the fund (report attached) .
206
FIREMEN' S PENSION BOARD
April 13, 1982
Page 2
MONTHLY BILLS AND PENSION PAYMENTS (See attached lists)
March bills and April pension payments in the sum of $15,712.76 were reviewed.
Milliman and Robertson, Inc. , $200 fee for preliminary actuarial study was pre-
sented. MOVED BY RIGGLE, SECONDED BY HENRY, TO APPROVE THE BILLS AND PENSION
PAYMENTS AS PRESENTED. CARRIED.
OLD BUSINESS
Acting Finance Director Bennett reported the money paid for McInnes' dental work
has been repaid to the Pension Fund; also that costs are being prepared regarding
Medicare for Police and Fire Retirees; Chuck Glassford is obtaining additional
information on special package. Following further discussion, Mayor Shinpoch
volunteered to write Personnel Director for contact of insurance carrier.
There being no further business to come before the Board, it was MOVED BY HENRY,
SECONDED BY RIGGLE, TO ADJOURN. CARRIED.
The meeting adjourned at 4:45 p.m.
7
aax ni e E. Motor, Deputy City Clerk
Acting Secretary/Firemen ' s Pension Board
.r
207
M E M O R A N D U M
-- TO: FIREMEN 'S PENSION BOARD DATE: APRIL 13, 1982
FROM: JOAN PRINGLE , FINANCE DEPARTMENT
SUBJ: FIRE LEOFF RETIREES ' PENSION ADJUSTMENTS EFFECTIVE 4/1/82
The LEOFF Retirement system has adjusted pension allowances in accordance with
the Consumer Price Index - Seattle, Washington area , effective April 1 , 1982
(RCW 41 .26. 240) . A 10.840' increase has been applied to the current LEOFF pensions.
The adjusted LEOFF pensions have been compared with current City pensions and City
payments have been adjusted accordingly. If the current City pension (under prior
pension system RCW 41 . 18) exceeds the LEOFF pension, the retiree is entitled to
receive the difference which is paid from the Firemen ' s Pension Fund. If the
LEOFF pension exceeds the City pension, the retiree receives nothing from the City.
Following is a list of changes in pension payment from the City for LEOFF retirees ;
difference between City Pension and LEOFF pension, adjusted in accordance with
the LEOFF cost-of-living increase effective 4/1/82:
ADJUSTED
DATE & TYPE MONTHLY CITY PAYMENT MONTHLY CITY PAYMENT
LEOFF RETIREE OF RETIREMENT 1 /1 /82 - 3/31/82 4/1 /82 - 12/31/82
George Banasky 2/1 /79 - Disability S 344. 25 5173.24
*Robert Beatteay 8/16/81 - Disability -0- -0-
Ronald Bergman 9/21 /77 - Disability 69.45 -0-
Robert Connell 7/5/74 - Service 247. 52 100. 75
*Donald Goodwin 11/12/81 - Disability 346.80 346.80
Paul Henry 4/1 /77 - Service 77.09 -0-
Gerald Hurst 6/1/72 - Service 172. 32 55.07
Ted LaValley 3/5/81 - Disability 122. 00 -0-
Alma Sherertz 10/1/75 - Service 173.60 -0-
(Widow of Marvin)
LeRoy Smith 3/1/74 - Disability 63.22 -0-
Frank Todd 1/3/72 - Disability 190. 11 79.82
Ernest Tonda 10/1/77 - Service 148.48 -0-
M.C. Walls 3/16/74 - Service -0- -0-
Patrick Walsh 1/16/72 - Disability 360.29 225. 74
George Williams 8/7/76 - Disability -0- -0-
TOTALS . . . . . . . . . $2,315. 13 $981 .42
*Did not receive LEOFF increase ; must be retired for 1 year.
208
FIREMEN'S PENSION BOARD
DICAL BILLS FOR MARCH, 1982
..EXANDER, JOHN Reimburse $ 25.48 $ 25.48
JRDON P. BAKER, MD J. Matthew 17.00 17.00
ARTELL'S DRUGS 463035 D. Walsh 9. 10 9. 10
)RNELL' S VALLEY PHARMACY 16954 G. Bergquist 15. 52
17980 R. Geissler 52. 15
16877 D. Riggle 12. 34 80.01
EVEN L. JAFFE, OD, PS P. Henry 50.00 50.00
5 PHARMACY 123173 G. Banasky 13.85
122867 R. Connell 17.30
123117 R. Connell 34. 15
123145 R. Connell 27.85
123183 P. Henry 17.40
j 123279 G. Hurst 16.67
123217 J. Parks 63.25
122934 B. Phillips 22. 10
123022 J. Rupprecht 9.80
123123 J. Alexander 6. 95
123300 J. Alexander 6. 95 236. 27
'NT-EAST CHIROPRACTIC K. Steele 68. 00 68. 00
!SCCA, NICK Reimburse 27. 50 27. 50
TOTAL MEDICAL COSTS FOR MARCH, 1982 $ 513. 36
KING COUNTY MEDICAL COSTS 837.20
TOTAL $ 1,350. 56
209
PENSION PAYMENTS FOR APRIL, 1982:
ALEXANDER, John (Captain) $ 1,601. 50
ANDERSON, Mrs. Enza (Widow) 638.28
ANDERSON, Mrs. Mozelle (Widow) 1,230. 50
ASHURST, James F. (Assistant Chief) 1,767. 50
BANASKY, George (Captain) 173.24
CONNELL, Robert (Captain) 100. 75
GOODWIN, Charles (Captain) 1,601. 50
GOODWIN, Donald (Fire Fighter) 346.80
HAWORTH, Mrs. Constance (Widow) 1,109. 70
HAWORTH, Jack (Fireman) 1,230. 50
HURST, Gerald (Fireman) 55.07
LAWRENCE, Floyd (Chief) 763.44
PARKS, John (Fireman) 1,254. 00
PRIN GLE, Mrs. Sylvia (Widow) 953. 36
STROM, Karl (Fireman) 1,230. 50
TODD, Franklin L. (Fireman) 79.82
WALSH, Patrick J. (Captain) 225. 74
Total Pension Payments $14,362.20
TOTAL PENSION PAYMENTS FOR APRIL, 1982 514,362. 20
TOTAL MEDICAL PAYMENTS FOR MARCH, 1982 1,350. 56
TOTAL EXPENSES: 'Medical/Pension 515,712. 76
----------------------------------------------------------------------
TOTAL PENSION PAYMENTS FOR APRIL, 1981 513,042. 27
TOTAL MEDICAL PAYMENTS FOR MARCH, 1981 1,915. 78
TOTAL EXPENSES: Medical/Pension $14,958. 05
lV
1-�
O
CITY OF 11H\FON — I'IIfliNENI 'S PENSION HJND
CASH & INVESTMITN'T ACTIVITY REPORT
As of [larch 31 , 1982
Current Month Previous Month Last Yr. Current Last Yr. Previoi�
CASH & INVESTMENT ACTIVITY March '82 Feb. '82 Month Mar. '81 Month Feb. '81
CASH
Beginning Cash Balance . . . . . . 110.88 38.98 109.56 52.98
RECEIPTS:
Revenue4,397.80 8,101 .66 2,026.45 9,015.58
Investments Sold 93,000.00 85,300.00 47,768.59 55,200.00
DISBURSEMENTS:
Expenditures . . . . . . . . . . . . . . 18,310.79 19,225.76 16,636.21 16,859.00
Investments Purchased . . . . . . . . . . . . . . 75,900.00 73,800.00 33,200.00 47,300.00
ENDING CASH BALANCE . . . . . . . . . . . . . . . 3,597.89 410.88 68.39 109.56
INVESTMENTS
Savings Arrounts, Repur^_kase
Agreements & Certificates of Deposit . . . . . I 122.900.00 140,000.00 13,700.00 22,500.00
Municipals . . . . . . . . . . . . , , . . . -0- -0- 4,027.19 9,495.78
ICorporate Bonds . . . . . . . . . . . . . . 327,061 .66 327,061 .66 327,061 .66 327,061 .66
Mutual Funds . . . . . . . . . . . . . . . . . . . 139,888.34 139,888.34 155,888.34 171 ,888.34
TOTAL INVESTMENTS . . . . . . . . . . . . . . . . 589,850.00 606,950.00 500,677.19 530,945.78
TOTAL CASH & INVESTMENTS . . . . . . . . . . . . . 593,447.89 607,360.88 500,745.58 531 ,055.34
INVESTMEINT ACTIVITY DURING THE CURRENT MONTH:
1 . Sold S69,100.00 Certificates of Deposit.
2. Sold S23,900.00 Repurchase Agreement.
3. Purchased S35,600.00 Certificates of Deposit Citizens @15.00': 3-5-82 to 5-28-82 84 $1 ,245 7
4. Purchased $18,000.00 Repurchase Agreement Old National Bank 914.25% 3-5-82 to 3-19-82 14 99 . L6
5. Purchased $1 ,100.00 Repurchase Agreement Peoples National Bank @14.00% 3-10-82 to 3-12-82 2 .84
6. Purchased $2,500.00 Repurchase Agreement Bache @14.40% 3-12-82 to 4-23-82 42 42.00
7. Purchased $17,500.00 Certificates of Deposit Olympic S.& L @14.75% 3-19-82 to 3-23-82 4 28.06
8. Purchased $1 ,200.00 Repurchase Agreement Bache @15.00%, 3-31-82 to 4-8-82 8 4 . 00
L WC
211
Regular Meeting
FIREMEN' S PENSION BOARD
May 12, 1982
BOARD MEMBERS
Barbara Y. Shinpoch, Mayor
Delores A. Mead, City Clerk/Secretary
Richard M. Stredicke, Councilman
William Henry, Fire Department Representative
David Riggle, Fire Department Representative
Ray Barrileaux, Alternate Fire Department Representative
The regular meeting of the Firemen' s Pension Board was called to order by Mayor
Barbara Shinpoch at 4: 00 p.m. in the sixth floor conference room of the Municipal
Building. All Board members were present.
MINUTE APPROVAL
MOVED BY RIGGLE, SECONDED BY HENRY to approve the minutes of the previous meeting
of April 13, 1982 as written. MOTION CARRIED.
CORRESPONDENCE
Memo from Acting Secretary, Maxine Motor, reported disability of John Parks upon
retirement and Mason Clinic Dr. Gannon' s report of ongoing care and medication
for like symptoms, for Board information.
MONTHLY STATEMENT OF CASH FLOW AND INVESTMENTS
Finance report, ending April 30, 1982, was distributed and reviewed , interest
holding in vicinity of 15%, said report to be filed for record.
MONTHLY BILLS AND PENSION PAYMENTS
April bills and May pension payments in total amount of $15,869. 13 were reviewed.
MOVED BY HENRY, SECONDED BY RIGGLE , to approve the bills and pension payments as
presented and that warrants be drawn to cover. CARRIED.
NEW BUSINESS
In mention of the City' s financial picture, the firemen inquired regarding the
budgetary allocation to the Pension Fund, and Mayor Shinpoch advised those
committed funds are to remain intact.
Pension Secretary Mead reported cost of living increases will need to be approved
for widows and pensioners at the June meeting.
As there was no further business to come before the Board, it was MOVED BY HENRY,
SECONDED BY RIGGLE, to adjourn. CARRIED.
l�rc1- 61
Delores A. Mead, CityClerk/Secretary
Firemen ' s Pension Board
212
FIREMEN'S PENSION BOARD
"DICAL BILLS FOR APRIL, 1982
&H DRUGS 174437 J. Colombi $ 19.58 '
174226 J. Colombi 5. 15
245955 S. Schneider 37.87 $ 62.60
;RTELL DRUG 463092 D. Walsh 13.45
ATTEAY, JR. , ROBERT Reimburse 45.00
`RNELL'S VALLEY PHARMACY 15199 G. Bergquist 15.94
15298 G. Bergquist 15. 94
15282 R. Barilleaux 4. 92 36.80
SEN & JACKSON DRUG 31370 G. Williams 31.05
WORTH, JACK Reimburse 41.31
NRY, PAUL Reimburse 6.38
S PHARMACY 123329 J. Alexander 22. 15
123377 J. Alexander 6. 05
123509 J. Alexander 20. 75
123649 L. Codiga 11 .65
123429 T. Hall 7. 10
123393 T. LaValley 3. 50
123403 J. Parks 8. 50
123547 J. Parks 55. 35
123617 B. Phillips 39. 50
123579 A. Pringle 12.80 187.35
4RKS, KENNETH Reimburse 52.80
ENTON CHIROPRACTIC CLINIC R. Bergman 42. 99
TROM, KARL B. Reimburse 150.00
TOTAL MEDICAL COSTS FOR APRIL, 1982 $ 669.73
KING COUNTY MEDICAL COSTS 837.20
TOTAL $ 1,506.93
213
FIREMEN'S PENSION BOARD
PENSION PAYMENTS FOR MAY, 1982:
ALEXANDER, John (Captain) $ 1,601. 50
ANDERSON, Mrs. Enza (Widow) 638. 28
ANDERSON, Mrs. Mozelle (Widow) 1,230. 50
ASHURST, James F. (Assistant Chief) 1,767. 50
BANASKY, George (Captain) 173.24
CONNELL, Robert (Captain) 100. 75
GOODWIN, Charles (Captain) 1,601. 50
GOODWIN, Donald (Fire Fighter) 346.80
HAWORTH, Mrs. Constance (Widow) 1,109.70
HAWORTH, Jack (Fireman) 1,230. 50
HURST, Gerald (Fireman) 55.07
LAWRENCE, Floyd (Chief) 763.44
PARKS, John (Fireman) 1,254. 00
PRINGLE, Mrs . Joan (Widow) 953. 36
'KARL (Fi•reman) 1,230. 50
TODD, Franklin L. (Fireman) 79.82
WALSH, Patrick J. (Captain) 225. 74
Total Pension Payments S 14,362. 20
TOTAL PENSION PAYMENTS FOR MAY, 1982 $ 14,362. 20
TOTAL MEDICAL PAYMENTS FOR APRIL, 1982 1 ,506. 93
TOTAL EXPENSES: Medical/Pension $ 15,869. 13
-----------------------------------------------------------------
TOTAL PENSION PAYMENTS FOR MAY, 1981 $ 13,042. 27
TOTAL MEDICAL PAYMENTS FOR APRIL, 1981 2,029. 15
TOTAL EXPENSES: Medical/Pension $ 15,071.42
CITY OF RENTON — FIRDON'S PENSION FUND
CASH & INVEST,%1ETIT ACTIVITY REPORT
As of April 30, 1982
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH & INVESTMENT_ ACTIVITY April 1982 March 1982 Month Apr. 81 Month Mar. 81
CASH
Beginning Cash Balance 3,597.89 410.88 68.39 109.56
RECEIPTS:
Revenue . 10,727.19 4,397.80 6,371 .05 2,026.45
Investments Sold 104,700.00 93,000.00 70,426.73 47,768.59
DISBURSEMENTS:
Expenditures . . . 15,754.06 18,310.79 15,070.50 16,636.21
Investments Purchased . . . . . . . . . . . . . . 101 ,700.00 75,900.00 60,900.00 33,200.00
ENDING CASH BALANCE . . . . . . . . . . . . . . . 1 ,571 .02 3,597.89 895.67 68.39
INVESTMENTS
Savings Accounts, Repurchase
Agreements & Certificates of Deposit 119,900.00 122,900.00 21 ,100.00 13,700.00
Municipals . . . . . . . . . . . . . -0- -0- 3,100.46 4,027.19
Corporate Bonds . . . . . . . . . . . . . . . 327,061 .66 327,061 .66 327,061 .66 327,061 .66
Mutual Funds . . . . . . . . . 0 . . . . . 139,888.34 139,888.34 139,888.34 155,888.34
TOTAL INVESTMENTS . . . . . . . . . . . . . . . . 586,850.00 589,850.00 491 ,150.46 500,677.19
TOTAL CASH & INVESTMENTS . . . . . . . . . . . . . 588,421 .02 593,447.89 492,046.13 500,745.58
INVESTMENT ACTIVITY DURING THE CURRENT MONTH:
1 . Sold $84,000.00 Certificates of Deposit.
2. Sold $3,700.00 Repurchase Agreement.
3. Sold $16,500.00 Bankers Acceptance.
4. Purchased $7,400.00 Certificates of Deposit Pioneer @15.00% 4-8-82 to 5-21-82 43 $13?.44
5. Purchased $16,500.00 Bankers Acceptance Sea-First @14.63`; 4-9-82 to 4-22-82 13 87. 10
6. Purchased $7,200.00 Certificates of Deposit Queen City @15.30% 4-16-82 to 5-21-82 35 107. 10
7. Purchased $16,600.00 Certificates of Deposit Citizens @15.30% 4-22-82 to 5-28-82 36 25'. eo
8. p rrhased $14,000.00 Certificates of Deposit Pioneer @15.125% 4-9-82 to 4-30-82 21 12'. 4$
9. P� ped $40,000.00 Certificates of Deposit Pioneff 1 .125% 4-30-82 to 5-7-82 - 7 11 %. (ep
Keguiar '•,eeting
FIREMEN'S PENSION BOARD
CITY OF RENTON
June 8, 1982
BOARD MEMBERS
Barbara Y. Shinpoch, Mayor
Delores A. Mead, City Clerk/Secretary
Richard M. Stredicke, Councilman
William Henry, Fire Department Representative
David Riggle, Fire Department Representative
Ray Barrileaux, Alternate Fire Department Representative
The regular meeting of the Firemen ' s Pension Board was called to order by Mayor Barbara
Shinpoch at 4: 00 p.m. in the sixth floor conference room of the Municipal Building.
Board Member Stredicke was unable to be present. Ted Bennett, Acting Finance Director,
was in attendance.
MINUTE APPROVAL
MOVED BY RIGGLE , SECOND BY HENRY, to approve the minutes of the previous meeting of
May 12, 1982 as written. MOTION CARRIED.
CORRESPONDENCE
Letter from Del Mead, Firemen 's Pension Board Secretary, called attention to State law
requiring the Pension Board to adjust benefit allowances at this time for firemen and
widows pensioned under RCW 41. 16 and 41. 18, prior to enactment of the LEOFF Act. The
increase, effective July 1, 1982, is computed according to formula provided by the
U. S. Department of Labor based upon the Seattle area CPI for the previous calendar
year, as follows:
Index Point Change Percent Change
CPI - January, 1982 291.9 Index Point Difference 29.6
Less Previous Index 262. 3 Divided by Previous Index 262.3
Index Point Change 29.6 Equals 0. 1128478
Results Multiplied by 100
11. 28478 = 11.28
Rounded to 11.3
This benefit adjustment will affect Retiree Fire Chief Floyd Lawrence, and firefighter
widows Enza Anderson, Constance Haworth and Joan Pringle. It was recommended that an
11.3% increase be adopted with referral to the Finance Department for implementation.
MOVED BY HENRY, SECONDED BY RIGGLE, to concur in the recommendations with 11.3% increase
adopted for 1982 accordingly. MOTION CARRIED.
MONTHLY STATEMENT OF CASH FLOW AND INVESTMENTS
Finance Report, ending May 31, 1982, was distributed and reviewed, to be filed for
record (copy attached) . Firefighter Henry complimented Ted Bennett for his excellent
investment program. Ted noted greater opportunities provided by combining Pension
,,..funds with City funds , the greater lump sum investment bringing higher interest return.
i
iremen' s Pension Board , eft:
June 8, 1982
Wage 2
IONTHLY BILLS AND PENSION PAYMENTS
lay bills and June pension payments in total sum of $16,835.85 were reviewed. MOVED
3Y HENRY, SECONDED BY RIGGLE, to approve the bills and pension payments as presented.
.ARRIED. Bill Henry inquired regarding length of time between billing renderings and
iayment of the bills, past due notices being received by firemen in some instances.
,,iscussion ensued regarding the time element in checking the various medical coverages ,
delay in processing by the insurance carriers and billings returned for payment of
'antes by the Pension Fund, all contributing to the delay, along with volume increase.
prescription drug forms have been compiled and distributed which may be helpful in w
1diting paperwork.
As there was no further business to come before the Board, it was MOVED BY RIGGLE ,
If_(.(-jNDED BY HENRY, to adjourn. CARRIED. Meeting adjourned at 4:30 p.m.
Q.
Delores A. Mead, City lerk/Secretary
Firemen ' s Pension Board
OF
;y THE CITY OF RENTON
MUNICIPAL BUILDING 200 MILL AVE. SO. RENTON, WASH. 98055
n BARBARA Y. SHINPOCH, MAYOR DELORES A. MEAD C.M.C.
0 oCITY CLERK • (206) 235-2500
P
9�TFD SEPSEoO
June 7, 1982
City of Renton
Firemen' s Pension Board
Municipal Building
Renton, WA 98055
Re: Cost of Living Increases, Payable, July, 1982
Dear Pension Board Members:
Washington State Law (RCW 41. 18. 104) provides that the Firemen ' s Pension Board
meet prior to June 30th each year for the purpose of adjusting benefit allowances
for firemen and widows pensioned prior to the LEOFF Act (March , 1970) .
The Board must determine benefits according to the increase in the Consumer Price
Index for the previous calendar year for the Seattle , Washington area as compiled
by the Bureau of Labor Statistics of the United States Department of Labor.
The increase, payable effective with the July payment, is computed according to
formula as follows :
Index Point Change Percent Change
CPI - January, 1982 291. 9 Index Point Difference 29.6
Less Previous Index 262. 3 Divided by Previous Index 262. 3
Index Point Change 29.6 Equals 0. 1128478
Results Multiplied by 100
11.28478 = 11. 28
Rounded to 11. 3
Attached for your further information are CPI charts used for computations , Labor
Relations Report confirming the 11.3% figure and a copy of the RCW.
It is recommended the Board adopt the 11. 3% increase for 1982 at this time and that
the matter be referred to the Finance Department for implementation.
Yours very truly
CITY OF RENTON
Delores A. Mead, C.M.C.
City Clerk , Secretary
Firemen' s Pension Board
FIREMEN' S PENSION BOARD
:AL BILLS FOR MAY, 1982
DRUGS 245914 J. Colombi $ 9.77j
245915 J. Colombi 12.24
245937 J. Colombi 15. 13 $ 37. 14
ANDER, JOHN Reimburse 226.84
,ELL'S VALLEY PHARMACY 16040 P. Henry 12. 58
15596 G. Bergquist 41. 70
15556 R. Geissler 62.94
15541 A. Pringle 18. 75
15533 P. Walsh 12.70 148.67
1, LARRY Reimburse 26.86
AND JACKSON DRUG G. Williams 15.25
DHARMACY 123673 R. Connell 35.20
123841 K. Hanson 9. 25
123769 T. LaValley 47. 90
123955 G. Newton 22.45
123825 A. Pringle 3. 95
123686 J. Rupprecht 11.65
123711 J. Rupprecht 5.20
123977 K. Walls 32.80
123744 J. Alexander 35. 90
123951 J. Alexander 4.80
123900 J. Parks 55. 35 264.45
-EAST HILL CHIROPRACTIC K. Steel 170.00
MASON CLINIC J. Parks 534.00
TAMES MCCLELLAN G. Williams 4.85
SRT HILLS CHIROPRACTIC F. Todd 51.00
SAVE CORPORATION 5131502 M. Moeller 3. 55
5131503 J. Matthew 4.99 8.54
.;LE, ARTHUR Reimburse 57. 15
TOTAL MEDICAL COSTS FOR MAY, 1982 $ 1 ,544.75
KING COUNTY MEDICAL COSTS 928.90
TOTAL $ 2,473.65
219
FIREMEN' S PENSION BOARD
PENSION PAYMENTS FOR JUNE, 1982:
ALEXANDER, John (Captain) $ 1 ,601. 50
ANDERSON, Mrs. Enza (Widow) 638.28
ANDERSON, Mozelle (Widow) 1,230. 50
ASHURST, James F. (Assistant Chief) 1,767. 50
BANASKY, George (Captain) 173.24
CONNELL, Robert (Captain) 100. 75
GOODWIN, Charles (Captain) 1,601. 50
GOODWIN, Donald (Fire Fighter) 346.80
HAWORTH, Constance (Widow) 1,109. 70
HAWORTH, Jack (Fireman) 1 ,230. 50
HURST, Gerald (Fireman) 55.07
LAWRENCE , Floyd (Chief) 763.44
PARKS, John (Fireman) 1,254.00
PRINGLE, Joan (Widow) 953. 36
STROM, Karl (Fireman) 1,230. 50
TODD, Franklin (Fireman) 79.82
WALSH, Patrick (Captain) 225. 74
Total Pension Payments $14,362.20
TOTAL PENSION PAYMENTS FOR JUNE, 1982 $14,362. 20
TOTAL MEDICAL PAYMENTS FOR MAY , 1982 2,473.65
TOTAL EXPENSES: Medical/Pension $16,835.85
-------------------------------------------------------------------
TOTAL PENSION PAYMENTS FOR JUNE , 1981 $13,042. 27
TOTAL MEDICAL PAYMENTS FOR MAY, 1981 1 ,824. 93
TOTAL EXPENSES: Medical/Pension $14,867.20
N
LV
CASs: x iiVVESTMI.�V`1' AC`i'tV11rY RPA10I1T
As of May 31 , 1982
Current Month Previous Month Last Yr. Current Last Yr. Previous
CASH & INVESTMENT ACTIVITY play 1982 April 1982 Month May '81 Month April '81
CASH
Beginning Cash Balance 1 ,571 .02 3,597.89 895.67 68.39
RECEIPTS:
Revenue 73,142.82 10,727.19 58,203.69 6,371 .05
Investments Sold . . . . . . . . . . . . . . . . 149,814.00 104,700.00 83,825.00 70,426.73
DISBURSEMENTSs
Expenditures . . . . . . . . . . . . . . . . . 16,085.83 15,754.06 15,071 .42 15,070.50
Investments Purchased . . . . . . , . . . . . . 210,014.00 101 ,700.00 127,000.00 60,900.00
ENDING CASH BALANCE . . . . . . . . . . . . . . . 1 ,571 .99 1 ,571 .02 852.94 895.67
INVESTMENTS
Savings Accounts, Repurchase
Agreements & Certificates of Deposit . . . . . . 180,100.00 119,900.00 64,300.00 21 ,100.00
Municipals . . . . . . . . . . . . . . . . . . . -0- -0- 3,100.46 3,100.46
Corporate Bonds . . . . . . . . . . . . . . . . . 327,061 .66 327,061 .66 327,061 .66 327,061 .66
Mutual Funds . . . . . . . . . . . . . . . . . . . 139,888.34 139,838.34 139,888.34 139,888.34
TOTAL INVESTMIENTS . . . . . . . . . . . . . . . . 647,050.00 586,850.00 534,350.46 491 ,150.46
TOTAL CASH & INVESTMENTS . . . . . . . . . 648,621 .99 588,421 .02 535,203.40 492 ,046.13
INVESTMENT ACTIVITY DURING THE CURRENT MONTH:
1 . Sold 5106,800.00 Certificates of Deposit.
2. Sold $43,014.00 Repurchase Agreements
3. Purchased $55,700.00 Certificates of Deposit Queen City @15.501", 5-7-82 to 7-2-82 56 $1 ,342 .88
4. Purchased $27,014.00 Repurchase Agreement Peoples Bank @14.00% 5-10-82 to 5-14-82 4 42 .00
5. Purchased $16,000.00 Repurchase Agreement Peoples Bank @14.25% 5-14-82 to 5-21 -82 7 44.31
6. Purchased $15,000.00 Bankers Acceptance Seattle First @13.39% 5-21-82 to 7-20-82 60 334.20
7. Purchased $17,000.00 Certificates of Deposit Peoples Bank @13.35% 5-28-82 to 6-11-82 14 88.20
8. Purchased $35,000.00 Certificates of Deposit Home @14.75°% 5-28-82 to 7-9-82 42 602.28
9. Purchased $44,300.00 Certificates of Deposit Queen City @15.25% 5-28-82 to 7-9-82 42 787.92
I 1 [