HomeMy WebLinkAbout2016.01.11 Fireman Pension Board MinutesFIREMAN PENSION BOARD
Minutes – January 11, 2016
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FIREMAN PENSION BOARD
January 11, 2016
MINUTES
Call To Order:
The meeting was called to order at 6:04 p.m., by Rebecca Francik, in Conference Room No.
1 at Pasco City Hall.
Roll Call:
Present: Rebecca Francik, Harvey Swoboda, Debbie Clark, Alvie Covington, Scott Maloy and
Ron Musson, Interim Finance Manager.
Approval of Minutes:
It was motioned by Mr. Musson and seconded by Mr. Covington and carried to approve the
October 12, 2015 and December 21, 2015 minutes as presented.
Transaction Ledger:
Mr. Musson presented a copy of the 2015 fourth quarter monthly transaction ledger.
Following discussion, it was motioned by Mr. Swoboda seconded by Mr. Covington and
carried to approve the expenditure transactions as presented.
Financial Report:
Mr. Musson presented the financial statements referencing each account: 619 Medical Bills
and 610 Pension
New Business:
Mr. Swoboda questioned the medical benefit charge back based on the number of Fireman
Pension Board members.
Mr. Musson stated he would review and report back at the next Board meeting.
Old Business:
Actuarial Study:
Mr. Musson presented the January 11, 2016 Memorandum and provided clarification to
Questions 1 through 7. Further Mr. Musson shared HealthCare Actuaries would contract to
FIREMAN PENSION BOARD
Minutes – January 11, 2016
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perform an actuarial study for the amount of $7,375.00 ($3,875.00 Pension actuary and
$3,500.00 Medical actuary).
Following discussion, it was motioned by Mr. Covington seconded by Mr. Swoboda and
carried to authorize Mr. Musson to contract the actuarial study with HealthCare Actuaries
and approve the expenditure up to $7,375.00.
Adjournment: There being no other business the meeting adjourned at 6:34 p.m.
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Debbie Clark, Secretary