HomeMy WebLinkAboutFinal Agenda Packet dor vio
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CITY OF RENTON •
FIREMEN'S PENSION BOARD
Regular Meeting
7th Floor-Mayor's Conference Room
Thursday, February 21, 2008
2:00 P.M.
1. CALL TO ORDER
2. APPROVAL OF MINUTES OF JANUARY 18, 2008
3. CORRESPONDENCE
4. MONTHLY STATEMENT TO DECEMBER 31, 2007 (Final) &
MONTHLY STATEMENT TO JANUARY 31, 2008
5. MONTHLY BILLS AND PENSION PAYMENTS
6. UNFINISHED BUSINESS
Medicare Part "D" Premiums - Terri Shuhart
7. NEW BUSINESS
8. ADJOURNMENT
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Nowa rrAe.rMr
MINUTES
FIREMEN'S PENSION BOARD
CITY OF RENTON
January 18, 2008
Denis Law, Mayor
Don Persson, Council Finance Committee Chair
Bonnie Walton, City Clerk
Ray Barilleaux, Fire Department Representative
Bruce Phillips, Fire Department Representative
Chuck Christensen, Fire Department Alternate
The regular meeting of the Firemen's Pension Board was called to order by Chairman Denis Law
at 10:00 a.m. in the Council Conference room, 7th floor of Renton City Hall. In attendance were
Board members Denis Law, Don Persson, Ray Barilleaux, Bruce Phillips and Bonnie Walton.
Also in attendance was Fire Department Alternate, Chuck Christensen, and Finance Department
representative, Jill Masunaga.
MINUTES APPROVAL
MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE PENSION BOARD
APPROVE THE MINUTES OF THE DECEMBER 20, 2007, MEETING. CARRIED.
MONTHLY STATEMENT
The draft financial report as of December 31, 2007, was reviewed. Total cash/investment
balance was $5,134,231.26. Jill Masunago stated that a final December report, including year-
end entries, would be available for the next Board meeting.
MONTHLY BILLS AND PENSION PAYMENTS
An increase of approximately$8,000 in total pension/medical payments for January was noted.
Jill Masunago confirmed that the monthly pension payment formula for 2008 includes
consideration of the stipulation in the 2006-2008 Renton Firefighters Local 864 contract that
effective January 1, 2008 and ending December 31, 2008, employees who have reached at least
27 years of service in the LEOFF Retirement system shall receive 22% of the employee's base
wage in longevity pay. MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE
BOARD APPROVE THE PENSION/MEDICAL PAYMENTS FOR JANUARY 2008, IN THE
TOTAL AMOUNT OF $46,586.43 TO BE PAID FROM THE FIREMEN'S PENSION FUND.
CARRIED.
UNFINISHED BUSINESS
Jill Masunago reported a request from a Firemen's Pension retiree requesting that the City
reimburse the cost of Medicare Part"D"premiums (prescription drug benefit). Discussion
ensured and it was pointed out that Firemen's Pension Fund members get reimbursed for drugs
necessary for their retirement disability only. Questioning whether there would be any benefit to
either the retiree or to the City to pay Medicare Part"D"premiums, it was agreed that the Board
4,110
Secretary would invite Terri Shuhart, Benefit Analyst in the Human Resources Department, to
attend the next Firemen's Pension Board meeting to discuss this matter further.
ADJOURNMENT
MOVED BY BARILLEAUX, SECONDED BY PHILLIPS, THE MEETING OF THE
FIREMEN'S PENSION BOARD BE ADJOURNED. CARRIED. Time: 10:15 a.m.
d'ivn,t-c.'4. Cvai
Bonnie I. Walton, City Clerk
Member and Secretary, Firemen's Pension Board
2
CITY OF RENTON - FIREMEN'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
inal AS OF DECEMBER 31, 2007
Fireman's Pension Fund Comparison of Cash and Investment Activity
6
❑2007 ■2006
5
N
f6
0 4
iuiiiruru lE°
3
1
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
CURRENT 2007 2007 LAST YEAR 2006 2006
ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL ADJ BUDGET
BEGINNING CASH/INV BALANCE $4,368,674.57 $4,672,241.19 $4,459,523 $4,699,993.38 $4,811,901.62 $4,713,823
RECEIPTS:
Fire Insurance Premium Tax 0.00 85,061.56 73,000 0.00 77,820.55 73,000
Investment Interest 361,345.71 389,226.86 175,000 6,660.07 215,553.19 150,000
DISBURSEMENTS:
Fire Pension 34,695.56 427,011.96 463,500 33,669.09 414,281.42 450,000
Fire Pension Medical 406.24 9,059.17 20,000 168.17 11,536.51 20,000
Office/Operating Supplies 0.00 450.00 450 0.00 316.24 400
Actuarial/Firemen's Pens 0.00 7,550.00 12,000 0.00 0.00 0
Reimb General/Clerical&Acct 686.00 8,226.00 8,226 575.00 6,900.00 6,900
ENDING CASH/INV BALANCE $4,694,232.48 $4,694,232.48 $4,203,347 $4,672,241.19 $4,672,241.19 $4,459,523
CURRENT PREVIOUS LAST YEAR LAST YEAR
ACTIVITY: MONTH MONTH CURR MO PREV MO
CASH $933,112.91 $162,962.30 $466,528.92 $494,281.11
INVESTMENTS:
CD's&State Investment Pool 454,767.46 454,767.46 454,767.46 454,767.46
Federal National Mortgage Assn 99,555.84 99,555.84 99,555.84 99,555.84
Treasury Strips&Zero Coupon Bonds 3,206,796.27 3,651,388.97 3,651,388.97 3,651,388.97
TOTAL CASH AND INVESTMENTS $4,694,232.48 $4,368,674.57 $4,672,241.19 $4,699,993.38
The State Investment Pool interest 4.5607% 4.6985% 5.2134% 5.2229%
H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2008.xls\Dec07 final Page 1 2/15/2008
CITY OF RENTON - FIREMEN'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
AS OF JANUARY 31, 2008
Fireman's Pension Fund Comparison of Cash and Investment Activity
6
®2008 ❑2007
5
m -
0 4 -
—
a
"6
N
0 3
i
2
1
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
CURRENT 2008 2008 LAST YEAR 2007 2007
ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL ADJ BUDGET
BEGINNING CASH/INV BALANCE $4,694,232.48 $4,694,232.48 $4,203,347 $4,672,241.19 $4,672,241.19 $4,459,523
RECEIPTS:
Fire Insurance Premium Tax 0.00 0.00 75,000 0.00 85,061.56 73,000
Investment Interest 0.00 0.00 200,000 0.00 389,226.86 175,000
DISBURSEMENTS:
Fire Pension 46,006.26 46,006.26 477,400 38,005.90 427,011.96 463,500
Fire Pension Medical 1,160.34 1,160.34 20,000 0.00 9,059.17 20,000
Office/Operating Supplies 0.00 0.00 459 0.00 450.00 450
Actuarial/Firemen's Pens 0.00 0.00 0 0.00 7,550.00 12,000
Reimb General/Clerical&Acct 829.00 829.00 9,948 680.00 8,226.00 8,226
ENDING CASH/INV BALANCE $4,646,236.88 $4,646,236.88 $3,970,540 $4,633,555.29 $4,694,232.48 $4,203,347
CURRENT PREVIOUS LAST YEAR LAST YEAR
ACTIVITY: MONTH MONTH CURR MO PREV MO
CASH $845,117.31 $933,112.91 $427,843.02 $466,528.92
INVESTMENTS:
CD's&State Investment Pool 454,767.46 454,767.46 454,767.46 454,767.46
Federal National Mortgage Assn 99,555.84 99,555.84 99,555.84 99,555.84
Treasury Strips&Zero Coupon Bonds 3,206,796.27 3,206,796.27 3,651,388.97 3,651,388.97
TOTAL CASH AND INVESTMENTS $4,606,236.88 $4,694,232.48 $4,633,555.29 $4,672,241.19
The State Investment Pool interest 4.3596% 4.5607% 5.2113% 5.2134%
H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension_2008.xls\Jan08 Page 1 2/15/2008
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"'- FIREMEN'S PENSION BOARD -�
PENSION/MEDICAL PAYMENTS FOR FEBRUARY, 2008
.,:six ik,;4, i 4 r��:. ,.. i...... :;.t .
>i��ri � ���.,° ,�:_:: �:.��_ .>�:ti Penis Amts °� �l,=.,. 1s,,, ;
ANKENY, Charlie (Captain) $233.94 233.94
ASHURST, James (Assistant Chief) $4,569.00 656.50 5,225.50
BANASKY, George (Captain) $1,646.80 1,646.80
BARILLEAUX, Ray (Battalion Chief) - -
BEATTEAY, Karlen (Widow) $296.07 296.07
BERGMAN, Claudette (Widow) $222.28 222.28
CHRISTENSON, Chuck(Firefighter) $642.33 642.33
CONNELL, Robert(Captain) $801.91 801.91
GEISSLER, Dick(Fire Chief) $847.23 847.23
GOODWIN, Charles (Captain) $4,010.50 - 4,010.50
GOODWIN, Donald (Firefighter) $1,383.34 1,383.34
HAWORTH, Constance (Widow) $2,688.00 2,688.00
HAWORTH, Jack(Firefighter) $3,025.00 - 3,025.00
HENRY, William, Jr. (Captain) $1,938.53 1,938.53
HURST, Gerald (Firefighter) $587.80 587.80
JONES, Evelyn M. (Widow) $315.92 315.92
LARSON, William (Firefighter) $367.18 367.18
LAVALLEY, Theodele (Captain) $441.64 441.64
MATTHEW, James (Deputy Chief) $415.56 415.56
MC LAUGHLIN, JACK (Battalion Chief) $1,764.01 1,764.01
NEWTON, Gary (Lieutenant) $349.28 349.28
NEWTON, Roger(Firefighter) $375.26 375.26
NICHOLS, Gerald (Battalion Chief) $619.75 619.75
PARKS-ANDREASON, Arlene (Widow) $412.00 412.00
PARKS, John (Firefighter) $3,139.50 149.00 3,288.50
PHILLIPS, Bruce H. (Deputy Chief) $1,105.17 1,105.17.
PRINGLE, Arthur(Captain) $554.33 554.33
PRINGLE, S. Joan (Widow) $2,309.31 2,309.31
RIGGLE, David E. (Firefighter D Step) $158.23 158.23
RUPPRECHT, Jim (Firefighter D Step) $190.45 190.45
SMITH, Leroy(Firefighter) $458.14 458.14
STROM, Karl (Firefighter) $3,025.00 - 3,025.00
TODD, Franklin (Firefighter) $513.33 513.33
TONDA, Lila Jean (Widow) $710.98 710.98
VACCA, Nick(Lieutenant) $379.94 379.94
WALLS, Kenneth (Firefighter D Step) $219.11 219.11
WALLS, Mercedes (Widow) $916.95 916.95
WALSH, David (Firefighter) $1,426.31 1,426.31
WALSH, Patrick(Captain) $1,016.44 1,016.44
WEISS, Larry(Battalion Chief) $1,518.63 1,518.63
WILLIAMS,Alta (Widow) $111.22 111.22
WOOTEN, Marilyn E. (Widow) $299.89 299.89
,-
: Itita EcOt00: 011/Meiiica�lz:t:=:: -.0$40A0,0, : '444 :. 044( 3 $4618- W� ,,.
Prior Year Pension/Medical Payments:
Total Pension Payments for February, 2007 38,005.90
Total Medical Bills Reimbursed in February, 2007 716.17
Total Expenses: Medical/Pension 38,722.07
4_SUMMARY 2008.XLS 2/15/2008
' . Are ~w�
140° FIREMEN'S PENSION BOARD ~".'
MEDICAL BILLS TO BE REIMBURSED IN FEBRUARY, 2008 PAYMENT
4 ���� �»�*����,� � � �������8orBin/
2 James Ashurst Safeway 6.75
2 James Ashurst Safeway 192.93
2 James Ashurst Safeway 183.77
2 James Ashurst Safeway 132.65
2 James Ashurst Safeway 132.65
2 James Ashurst Safeway 7.75
656.50
Charles Goodwin 0.00
Jack Haworth 0.00
4 John Parks Olympic Drug 9.81
4 John Parks Olympic Drug 9.25
4 John Parks Olympic Drug 56.04
4 John Parks Olympic Drug 73.90
149.00
Karl Strom 8.80
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,
CTY OF RENTON
El 44C PENSION CLAIM FOR FE1NBURSEMENI FORM
AME JAMES F. ASHURST
DATE JAN 21 2068
$656. 50
XEDICATION/HOPIIALliZkiium/E'HY;,3i111A3 EXAM
HYPERTENSION, H.B.P.
I RAVE :',O7 LILEN AND WILL NOT H COMPENSATED EY AN-Z ,DTkivF
" F' ANATION/IN:.- JRANCE CARRIER OR MEDICARE FCJR, THE /DUE MENTIoNED
Ii "Fl r<EIKLURSEMENT OTHER Ti4.1 THE CITY DE RENTO;.„
ALL IF THE AL'OVE ARE RELATED TO MY DiABILITY FROM THE EIRE
LEFITM
1--eAPERA,/
:: ATUE
N()TE : TF1 R DOCUMENTATION MU'c-.;T ACCOlviPANY THI CLAWM EC)R.M
17,4d4 I
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2NDMI CY fallEYAMDIWAffiMACY
RENTON,WA 98055 RENTON,WA 98055
#(50 (425)226-0325 IS (425)226-0325
Official Receipt- Please retain for tax or insurance OfficialRet.eipt- Pleb eretahrkr tax or insuraulce
ASHURST,JAMES (425)255-6154 ASHURST,JAMES (425)255-6154
223 B GARDEN AVE N. 1 2/1 7 223 B GARDEN AVE N. 12/17
RENTON,WA 98055 RENTON,WA 98055
DR. GRAVES,DANIEL [RS] DR. GRAVES,DANIEL [RS]
17900 TALBOT RDS 17900 TALBOT RD S
RENTON,WA 98055 RENTON,WA 98055
Rx:6701702 Dec 10, 2007 Safety Cap: Yes Rx:6702058 Dec 18, 2007 Safety Cap: Yes
METOPROLOL 50MG TAB (SAND)Qty: 100 TAB PLAVIX 75MG TAB (B-M ) Qty:30 TAB
Ref:A3077445788311 NDC:00781.1223.10 MACIABC Ref:A0077522499341 NDC:63653.1171.06 MACIABC
REGENCE BLUESHIELD WASHINGTN REGENCE BLUESHIELD WASHINGTN
Amount Due: $6.75 Amount Due: $132.65
1111111 111111111111 1 111111 Rx BERL
�SAFEWAYCOMT'° 1111111111111111111111111111111
ff�SAFEWAYCOM�°
_..._ .. ..- _-r-r .- - .. -.. rw yr n..r-r'p r n♦,..n.�-.- n..r T...r r...l ,
2n 1 3IDPS ACYa i JJDT ACY
RENTON,WA 98055 0RENTON,WA 98055
# (425)226-0325 # . (425)226-0325
Official Receipt - Please retain for tax or insurance - Official Receipt- Please retain for tax or insurance -
ASHURST,JAMES (425)255-6154 ASHURST,JAMES (425)255-6154
223 B GARDEN AVE N. 12/17 223 B GARDEN AVE N. 12/17
RENTON,WA 98055 RENTON,WA 98055
DR. GRAVES,DANIEL [RF] DR. GRAVES,DANIEL [RF]
17900 TALBOT RDS 17900 TALBOT RD S
RENTON,WA 98055 RENTON,WA 98055
Rx:6699560 Dec 10, 2007 Safety Cap: Yes Rx:6702058 Jan 17, 2008 Safety Cap: Yes
PROTONIX 40MG TAB (WYET)Qty: 50 TAB PLAVIX 75MG TAB (B-M ) Qty: 30 TAB
Ref:A3077448808721 NDC:00008-0841-81 MACIABC Ref:A6084177129991 NDC:63653.1171.06 MACITC
REGENCE BLUESHIELD WASHINGTN REGENCE BLUESHIELD WASHINGTN
Amount Due: $192.93 Amount Due: $132.65
111111111111111111
111111111H ! REFILL
f(�SAfEWAY.COM PRESCRIPTIONS 11111111111111111111111111110
IR.
REFILL
YOUR SAfEWAY.COM PRESCRIPTIONS
MIN- RDPRIftiT--ACY 2IIU` UUTI9 3RD'SFKfET' ACY
RENTON,WA 98055 RENTON,WA 98055
#5) (425)226-0325 IV (425)226-0325
Official Receipt-Please retain for tax or insurance Official Receipt-Please retain for tax or insurance
ASHURST,JAMES (425)255-6154 ASHURST,JAMES (425)255-6154
223 B GARDEN AVE N. 12/17 223 B GARDEN AVE N. 12/17
RENTON,WA 98055 RENTON,WA 98055
DR. GRAVES,DANIEL [RS] DR. GRAVES,DANIEL [RF]
17900 TALBOT RD S 17900 TALBOT RD S
RENTON,WA 98055 RENTON,WA 98055
Rx:6701701 Dec 10, 2007 Safety Cap: Yes Rx:6692842 Jan 17, 2008 Safety Cap: Yes
LIPITOR 40MG TAB (PFIZ) Qty:50 TAB FUROSEMIDE 40MG TAB (SAND)Qty: 100 TAB
Generic for:LASIX 40MG TAB A
Ref:A0077444043481 NDC:00071.0157.23 MACIABC Ref:A9084178778531 NDC:00781-1966-10 MACITC
REGENCE BLUESHIELD WASHINGTN REGENCE BLUESHIELD WASHINGTN
Amount Due: $183.77 Amount Due: $7.75
II II II II II II IIIIII I I I I I II III IIS REFI, ER 1111111111110111111111111 '-'-`-`11x REFo
SAfEWAYCOM TIONS
.r SEND CLAIM TO: ,meity of Renton
Noe Finance Dept.-Fire Pension
1055 South Grady Way
Renton, WA 98057
O-�Y 0
CITY OF RENTON
FIREMEN'S PENSION BOARD
Pharmacy/Medical Claim Reimbursement Request
1) DATE Fe'bil,
-x003
2) DISABILITY RETIREE'S NAME(print) Q J') 91 L.- P,i J? _
01,9,
3) ADDRESS l,36 I vLe L o As d i e of , (A/ 2 ¶g t. 3 A
4) DISABILITY AT TIME OF RETIREMENT st4-014 al '=r e. 4!l (f?( T.5ea5
t (4-6 ufei-s' 11IraI, if vr-rri4 atd /{it xc efiy 'Re 00l-t.Ins`
5) DESCRIPTION OF CLAIM: (Supporting documentation must be attached.)
(Note: Medical coverage is limited to current treatment of the retiree's disability as
determined at the time of retirement. (RCW 41.18) Submit only claims that relate to
item#4.)
' C < i - --'cs-r t h 4714 AAA( fi -j bern/
6) TOTAL AMOUNT OF CLAD/ - 9
7) I certify that I have not been and will not be compensated by any other organization,
insurance carrier or Medicare for the above-mentioned claim for reimbursement other than
the City of Renton. I further certify that the above statements are complete and accurate to
the best of my knowledge, and that all claims submitted are related to my disability as
determined at the// time of my r . ement from the Renton Fire Department.
Signature: 45;l` syr k. .„,-tiao
Note: Sup orting documentation must be attached.
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110,4400
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RECEIPT
1244 15th Ave.,Longview,WA 98632 Ph.(360)423-3360 SAVE FOR INSURANCE
OR TAX RECORDS
Rx# C759936 For: JOHN PARKS
1-02-08 CAN:A5284024129651 1335 3RD AVE#109
LONGVIEW,WA 98632 (360) 577-6684
ALPRAZOLAM 0.5MG TAB
#120 NDC: 00781-1077-05
DR. RICHARDS,JOHN E ZHA COPAY: $9.81
IIIIllhIJI!IIllIiIllhIIIIIJffh!IllhJIII!JllhI!llh1JllhII'JIIillhIjllhI!IIIi!lliiilhIIIIIIIIIIII IIIIIIIIIIIIIIIIIIIIIII Price
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RVG RECEIPT
124415th Ave.,Longview,WA 98632 Ph.(360)423-3360 SAVE FOR INSURANCE
OR TAX RECORDS
Rx# C759930 For: JOHN PARKS
1-02-08 CRN:48284021488521 1335 3RD AVE#109
LONGVIEW,WA 98632 (360) 577-6684
ZOLPIDEM TAB 10MG
#30 NDC: 60505.2605.08
DR. RICHARDS,JOHN E ZHA COPAY: $9.25
II llhIII IIII II I I II I II IIII II II 110 II liii II 1 I I III I Ih
la>Y DRUG RECEIPT
1244 15th Ave.,Longview,WA 98632 Ph.(360)423-3360 SAVE FOR INSURANCE
OR TAX RECORDS
Rx# 759928 For: JOHN PARKS
1-02-08 CAN:43284024125251 1335 3RD AVE#109
LONGVIEW,WA 98632 (360) 577-6684
MIRTAZAPINE SOLTAB 45MG
#30 NDC: 65862.0023-06
DR. RICHARDS,JOHN E ZHA COPAY: $56.04
II I I I I II I IIII I I I I I III 1 111111 11111111
Price
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RECEIPT
1244 15th Ave.,Longview,WA 98632 Ph.(360)423-3360 SAVE FOR INSURANCE
OR TAX RECORDS
Rx# 715-o92-9o382 For: JOHN PARKS
CRN:47284024127431 1335 3RD AVE#109
LONGVIEW,WA 98632 (360) 577-6684
OMEPRAZOLE CAP 20MG"
90 NDC: 62175-0118-43
RICHARDS,JOHN
DR. ZHA COPAY: $73.90
II I lIIIIIllIIlIII 11 II II II II II II II 1111 I I II II Pride