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HomeMy WebLinkAboutFIRE PENSION - 02/08/1993 - MINUTES OF BOARD MEETING ELK GROVE FIREMEN'S PENSION FUND FEBRUARY 8, 1993 A meeting of the Firemen's Pension Fund was held on Monday, February 8, 1993 in the Fire Dept. Administrative Offices, 901 Brentwood Avenue. The meeting was called to order by President Harvey R. Speiden at 7:05 P.M. ROLL CALL On Roll Call the following members were present; Harvey R. Speiden, Patricia S. Smith, Hilda H. Ingebrigtsen, George P. Knickerbocker, James D. MacArthur, Jerry L. Norris, Patrick L. Beck and Joseph Gardner III. Absent was; Charles J. Zettek. Mr. Richard J. Puchalski, Attorney at Law, Pension Fund Legal Counsel was present. In attendance was fund members Laurence W. Ryan and Thaddius S. Popielewski. MINUTES Motion by J. MacArthur, seconded by J. Norris to accept the August 3, 1992 Minutes as written and dispense with their reading. Motion by J. MacArthur, seconded by P. Beck to accept the December 9, 1992 Minutes as written and dispense with their reading. Both motions passed unanimously. TREASURER'S REPORT Treasurer H. Ingebrigtsen submitted a Balance Sheet, Schedule of Investments and a Disbursement Register of the Firemen's Pension Fund as of December 31, Ll 1992. She reviewed all three with the Board members and explained their con- tents. Treasurer reported per an inquiry of President H. Speiden a review of Howard W. Stroker's retirement benefits was made. An error was found. The monthly benefit should have been $1875.80 not $1753.40. The increase due June 1, 1993 will be $ 56.27 not $ 52.60. An adjustment for the error totaled $ 912. 10 for May 17, 1992 through December 31, 1992 and was included in his January payment. She apologized to the Board and reported a letter had been sent to H. Stroker apologizing for any inconvenience it may have caused. Motion by J. Norris, seconded by P. Smith to accept the Treasurer's Report, certify the Disbursement Register and place it, the Schedule of Investments and Balance Sheet on file with the Minutes. Motion passed unanimously. OLD BUSINESS Treasurer H. Ingebrigtsen reported that the prospective fund members monies being deducted from their paychecks was not going directly into a physically separate escrow account. Several Board members recalled being assured in the past that they were being placed in a separate account. R. Puchalski, Pension Legal Counsel, recommended that those monies being deducted should be deposited in a physically separate escrow account. A discussion followed. Motion by J, Gardner III, seconded by J. Norris to put all monies deducted into a physically separate escrow account. Motion passed unanimously. j President H. Speiden requested authority to purchase new letterhead and envelopes with the Fire Dept. Administrative Offices address. Motion by P. Beck, seconded by P. Smith to so authorize. Motion passed unanimously. I MINUTE OF BOARD M. ELK GROVE FIREMEN'S PENSION FUND FEBRUARY 8, 1993 Page 2 APPLICATIONS FOR MEMBERSHIP President H. Speiden requested L. Ryan and T. Popielewski to leave the Board meeting because of the up-coming discussion of medical reports. He the dis- tributed the medical reports of 3 prospective Fire Dept. candidates. The Board members present reviewed all three. A discussion followed. Motion by P. Beck, seconded by J. Norris to accept Brian P. McVeigh into the Pension Fund subject to the receipt of a proper Application to the Fund and all necessary documenta- tion. Motion by J. Norris, seconded by J. MacArthur to accept.Michael D. Sharp into the Pension Fund subject to the receipt of a proper Application to the Fund and all necessary documentation. Both motions passed unanimously. BRIAN P. MCVEIGH effective August 10, 1992 MICHAEL D. SHARP effective August 10, 1992 Motion by J. Gardner III, seconded by P. Beck to get another opinion reguarding Mark W. Percudani. Motion passed unanimously. R. Puchalski, legal counsel for the Board will handle the arrangements. Motion by P. Beck, seconded by J. Norris to go into Executive Session. Motion passed unanimously. A discussion followed covering Section 4-110.1. Motion by J. Gardner III, seconded by P. Beck to end Executive Session. Motion passed unanimously. L. Ryan and T. Popielewski were invited into the Board meeting. President H. Speiden distributed medical reports on L. W. Ryan's Disability Application. A discussion followed. Motion by J. Gardner III, seconded by P. Beck that based on the specific medical history of L. W. Ryan and the reports of the three Doctors that a Occupational Disease Disability Pension Section 4-110.1 be granted. Motion passed unanimously. ADJOURNMENT Motion by P. Smith, seconded by J. Norris to adjourn. Motion passed unanimously. Meeting adjourned at 8:37 P.M. Respectfully submitted, Joseph Gardner III, Secretary Firemen's Pension Fund