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HomeMy WebLinkAbout41 Death Audit Information Process TAB 41 DEATH AUDIT INFORMATION REVIEW PROCESS CITY OF LANSING POLICEMEN'S AND FIREMEN'S RETIREMENT SYSTEM BOARD OF TRUSTEES DEATH AUDIT INFORMATION REVIEW PROCESS I. Purpose. The Lansing Police and Fire Retirement System Board of Trustees (the "Board") establishes the following policy to provide a procedure for the review, dissemination and retention of death audit information received from Pension Benefit Information ("PBI"), or any successor organization under contract with the Board to provide similar services. II. Policy. When death audit information is received by the Retirement Analyst, the information will be processed in the following manner: 1. The Retirement Analyst shall add the name of any reported deceased, his or her retirement date and status, his or her date of death, and selected beneficiary information, to the Board's next regular meeting agenda as part of the Secretary's Report. 2. The Retirement Analyst shall bring printed copies of corresponding death audit information to the Board's next regular meeting. Such documents shall be kept confidential by the Retirement Analyst. 3. At the next regular meeting, the Board will publically receive the Secretary's Report. Board members may request to privately review copies of the corresponding death audit information. Any discussion of such information by the Board shall be conducted in closed session pursuant to Section 8(h) of the Michigan Open Meetings Act, being MCL 15.268(h). 4. The Board in open session shall make its determination as to whether or not it accepts the Secretary's Report or take such other action as it deems appropriate under the circumstances. 5, At any meeting at which death audit information has been disseminated, all copies thereof shall be collected and returned to the Retirement Analyst immediately after review and consideration. Except for the original death audit information, to be kept in the office file in accordance with the Board's retention policy, the Retirement Analyst will destroy all copies of death audit information after use. The Retirement Analyst shall notify the Board's Chairperson in writing once the copies are destroyed. 6. Death audit information received electronically shall be deleted by the Retirement Analyst and the information shall be moved from the deleted folder to be stored in a file that is password protected for access exclusively by the Retirement Analyst and the Board's Chairperson. III. Compliance with Applicable Laws. Nothing contained within this policy shall be construed to relieve a person of the duties and obligations imposed by the Lansing Code of Ordinances or state and federal law. Policy adopted: May 13, 2014 200743215.2 26005/118235