HomeMy WebLinkAbout2016.07.11 FPB Agenda Packet
Fireman Pension Board
Meeting Agenda
Date: July 11, 2016 Regular Meeting 6:00pm
Location: Conference Room No. 1
CALL TO ORDER:
INTRODUCE: Richa Sigdel, Finance Director ROLL CALL:
Present: Rebecca Francik Harvey Swoboda Scott Maloy-Alternate
Debbie Clark Alvie Covington Saul Martinez-Alternate
Richa Sigdel, Finance Director
MINUTES:
Approval of April 25, 2016 Meeting Minutes
Motion was made by ____________________and seconded by _________________ to
approve the minutes. Motion passed unanimously.
OR – Motion to approve the minutes with corrections ____________.
BILLS: Copy of the monthly transaction ledger for the second quarter of 2016 is attached.
Motion was made by ____________________and seconded by __________________ to approve the expenditure transactions as presented. Motion passed unanimously.
NEW BUSINESS:
FINANCIAL STATEMENT:
Presented by staff
OLD BUSINESS:
ADJOURN
Next regular meeting: October 10, 2016
FIREMAN PENSION BOARD
Minutes – April 25, 2016
Page - 1
FIREMAN PENSION BOARD
April 25, 2016
MINUTES
Call To Order:
The meeting was called to order at 6:04 p.m., by Ron Musson, Interim Finance Manager, in
Conference Room No. 1 at Pasco City Hall.
Roll Call:
Present: Harvey Swoboda, Debbie Clark, Alvie Covington, Scott Maloy and Ron Musson,
Interim Finance Manager. Also present Colleen Chapin, Human Resources Manager.
Excused Absence: Rebecca Francik
Approval of Minutes:
It was motioned by Mr. Covington and seconded by Mr. Swoboda and carried to approve
the January 11, 2016 minutes as presented.
Transaction Ledger:
Mr. Musson presented a copy of the 2016 first quarter monthly transaction ledger.
Following discussion, it was motioned by Mr. Covington seconded by Mr. Swoboda and
carried to approve the expenditure transactions as presented.
New Business:
Ms. Chapin presented the 2016 – 2017 IAFF Collective bargaining agreement retroactive
calculations. Also presented the calculations for the annual pension changes effective July
1, 2016.
Following discussion, it was motioned by Mr. Covington, seconded by Mr. Swoboda and
carried to approve the 2016 – 2017 IAFF Collective bargaining agreement retroactive
calculations and the annual Cost of Living pension changes effective July 1, 2016. Further if
discrepancies were noted, after discussion the calculations could be amended accordingly.
Financial Report:
Mr. Musson presented the financial statements referencing each account: 619 Medical Bills
and 610 Pension.
DRAFT
FIREMAN PENSION BOARD
Minutes – April 25, 2016
Page - 2
Following discussion, it was motioned by Mr. Swoboda, seconded by Mr. Covington and
carried to approve the financial report as presented.
Old Business:
Actuarial Study:
Mr. Musson presented the GASB 45 Old Firemen’s OPEB Valuation Report as of December
31, 2015; GASB 67 and 68 Firefighters’ Pension Fund Valuation Report as of January 1, 2016;
and GASB 45 LEOFF 1 OPEB Valuation Report as of December 31, 2015 all studies prepared
by Healthcare Actuaries.
Following discussion, it was motioned by Mr. Swoboda seconded by Mr. Covington and
carried to file the actuary studies as presented.
Adjournment: There being no other business the meeting adjourned at 6:28 p.m.
____________________________________
Debbie Clark, Secretary