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HomeMy WebLinkAbout1997 Employee's Retirement System Board MinutesOFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING EMPLOYEES' RETIREMENT SYSTEM Regular Meeting 8th Floor Conference Room City Hall Lansing, MI 48933 January 23,1997 Thursday, 8:40 a.m. The Board met in regular session and was called to order by Chairperson Doug Rubley at 8:40 a.m. Present: Trustees Benavides, Bommarito, Brodie, Kruger, Rossi, Rubley - 6. Absent: Trustee Hollister -1. Others: Steve Dougan, Budget Division; James Smiertka, Jack Jordan, Law Department. It was moved by Trustee Benavides, supported by Trustee Brodie to approve the minutes of the regular meeting of December 19,1996. Adopted by the following vote: Unanimously. The Secretary reported:1 new members (s)(Janice Tomlian, Parks & Recreation), 0 reinstatement(s), 1 refund(s), 0 transfer(s), and 0 retired. Total active membership: 525. Refunds made since the last regular meeting: $3,218.28. Retirement allowances paid for the month of December, 1996: $659,007.76. Total number of ERS retirement checks printed: 583. Total retirement checks printed for systems: 1,062. Domestic relations orders received: 0. Domestic relations orders pending: 2. Eligible domestic relations orders certified: 0. It was moved by Trustee Hollister, supported by Trustee Rossi to approved the application for regular age and service retirement from deferred for Robert E. Ayles, Parks & Recreation Department,16 years 8 months service credits, age 60, effective March 1,1997. Adopted by the following roll call vote: Yeas: Benavides, Bommarito, Brodie, Kruger, Rossi, Rubley - 6 Nays: None. It was moved by Trustee Benavides, supported by Trustee Brodie to approve the application for regular age and service retirement from deferred (from 1988 early retirement plan) for Erika H. Keck, Personnel Department, 8 years 7 months service credits, age 56, effective March1,1997. Adopted by the following roll call vote: = , Yeas: Benavides, Bommarito, Brodie, Kruger, Rossi, Rubley - 6. �J r" Employees' Retirement System Regular Meeting of January 23,1997 Page 2 It was moved by Trustee Benavides, supported by Trustee Brodie to excuse Trustee Hollister from the meeting. Adopted by the following vote: Unanimously. Other Business Trustee Rubley reported on the results of the joint investment committee. This committee interviewed Northern Trust and Bank of New York. Northern Trust fees were about $69,000 per year for both systems. Bank of New York fees were $54,000 plus accounting fees. The committee recommends Northern Trust, through their Detroit Office. It was moved by Trustee Benavides, supported by Trustee Kruger to hire Northern Trust, through their Detroit Office, as the retirement systems custodial bank including securities lending. Adopted by the following vote: Unanimously. Discussion was held regarding the grievance settlement of Joseph Diaz. It was moved by Trustee Benavides, supported by Trustee Brodie to approve a one year pay back, of equal payments, of service credits for Joseph Diaz resolving grievance T-221096. Adopted by the following vote: Unanimously. Trustee Rubley gave an overview of the performance of the fund managers. Th e ting adjo rned at 9:30 a.m. Robert W. Swanson, Secretary Employees' Retirement System Minutes approved on: 7_.� 17 Douglas Rubley, Chairperso OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING EMPLOYEES' RETIREMENT SYSTEM Regular Meeting 8th Floor Conference Room City Hall Lansing, MI 48933 February 20,1997 Thursday, 8:40 a.m. The Board met in regular session and was called to order by Chairperson Doug Rubley at 8:38 a.m. Present: Trustees Benavides, Bommarito, Brodie, Kruger, Rossi, Rubley - 6. Absent: Trustee Hollister -1. Others: Steve Dougan, Budget Division; Jack Jordan, Billie O'Berry, Law Department; John Barcume, Harry James. It was moved by Trustee Rossi, supported by Trustee Kruger to approve the minutes of the regular meeting of January 23,1997. Adopted by the following vote: Unanimously. The Secretary reported: 2 new members(s)(Maynard Brown, Public Service; Ty Fulk, Parks & Recreation), 0 reinstatement(s), 0 refund(s), 0 transfer(s), and 1 retired. Total active membership: 526. Refunds made since the last regular meeting: $0. Retirement allowances paid for the month of January,1997: $659,053.53. Total number of ERS retirement checks printed: 582. Total retirement checks printed for systems:1,062. Domestic relations orders received: 0. Domestic relations orders pending: 2. Eligible domestic relations orders certified: 0. It was moved by Trustee Kruger, supported by Trustee Brodie to approved the application for regular age and service retirement for Michael C. Jenks, Public Service Department, 22 years 2 months service credits, age 43, effective March 1,1997. Adopted by the following roll call vote: Yeas: Benavides, Bommarito, Brodie, Kruger, Rossi, Rubley - 6 Nays: None. It was moved by Trustee Brodie, supported by Trustee Benavides to approve the application for regular age and service retirement for David Ranville, Parks & Recreation Department 17 years 10 months service credits, age 49, effective February 15,1997. `- Adopted by the following roll call vote: Yeas: Benavides, Bommarito, Brodie, Kruger, Rossi, Rubley - 6.> m `•'- Employees' Retirement System Regular Meeting of February 20,1997 Page 2 The Board reviewed a request from John A. Barcume for non -duty disability retirement. It was moved by Trustee Benavides, supported by Trustee Rossi to refer Mr. Barcume to the Medical Director for evaluation. Adopted by the following vote: Unanimously. Discussion was held regarding the duty disability medical evaluation for Harry James. It was moved by Trustee Benavides, supported by Trustee Bommarito to refer Mr. James to another physician for examination with the cost of the exam to be paid from securities lending. Trustee Rubley suggested that Dr. Chiodo may be able to recommend some referrals. Adopted by the following vote: Unanimously. It was moved by Trustee Benavides, supported by Trustee Bommarito to excuse Trustee Hollister from the meeting. Adopted by the following vote: Unanimously. Other Business The Board reviewed a request for duty disability retirement for Joy Mahanti. It was moved by Trustee Benavides, supported by Trustee Rossi to refer Ms. Mahanti to the Medical Director for evaluation. Adopted by the following vote: Unanimously. The Board reviewed a request from Tina Gallante, Council. Ms. Gallante is requesting to receive full- time service credits. Ms. Gallante's status has recently changed to a reduced work hour schedule. She stated that she would be working 10 full-time days per month. Trustee Benavides requested to be excused from this discussion. It was moved by Trustee Brodie, supported by Trustee Rossi to excuse Trustee Benavides. Discussion was held. It was the Board's request to have Mr. Dougan research this issue. The Board received a draft proposal from Employees Retirement System subcommittee regarding prefunding of health care insurance, minimum benefit for existing retirees and COLA for future retirees. Referred to actuary for costing. Trustee Rubley gave an overview of the performance of the fund managers. &ti j reed at 10.30 a.m. Robert W. Swanson, Secretary Employees' Retirement System Minutes approved on: 2 Douglas Rubley, Chairper on OfFYCAL PROCEEDINGS OF THE BOARD OF TRUSTEES 2' Apt C: 10 CITY OF LANSING Lk?".'i, CITY CLEM( EMPLOYEES' RETIREMENT SYSTEM Regular Meeting April 17,1997 8th Floor Conference Room Thursday, 8:38 a.m. City Hall Lansing, MI 48933 The Board met in regular session and was called to order by Chairperson Doug Rubley at 8:38 a.m. Present: Trustees Benavides, Bommarito, Brodie, Kruger, Rossi, Rubley - 6. Absent: Trustee Hollister -1. Others: Robert Swanson, Steve Dougan, Finance; Jack Jordan, Law Department; Margaret Herp, Joy Mahanti, Delores White. It was moved by Trustee Benavides, supported by Trustee Brodie to approve the minutes of the regular meeting of March 20,1997. Adopted by the following vote: Unanimously The Secretary reported: 2 new members(s)(Douglas Hulbert, Tonya Lauderdale, Public Service), 0 reinstatement(s), 0 refund(s), 0 transfer(s), and 4 retired. Total active membership: 524. Refunds made since the last regular meeting: $0. Retirement allowances paid for the month of March,1997: $663,568.92. Total number of ERS retirement checks printed: 583. Total retirement checks printed for systems: 1,066. Domestic relations orders received: 0. Domestic relations orders pending: 2. Eligible domestic relations orders certified: 0. It was moved by Trustee Brodie, supported by Trustee Benavides to approve the application for regular age and service retirement for Gail T. Bienz, Public Service -Transportation, 18 years 8 months service credits, age 46, effective April 18,1997. Adopted by the following roll call: Yeas: Benavides, Bommarito, Brodie, Kruger, Rossi, Rubley - 6. Nays: None. It was moved by Trustee Kruger, supported by Trustee Rossi to approve the application for regular age and service retirement for John W. Freeman, Public Service, 28 years 2 months service credits, age 50, effective April 5,1997. Adopted by the following roll call: Yeas: Benavides, Bommarito, Brodie, Kruger, Rossi, Rubley, - 6. Nays: None. Employees' Retirement System Regular Meeting of April 17,1997 Page 2 It was moved by Trustee Benavides, supported by Trustee Kruger to approve the application for regular age and service retirement for Sherry J. Hunnell, Police Department, 21 years 10 months service credits, age 43, effective April 17,1997. Adopted by the following roll call: Yeas: Benavides, Bommarito, Brodie, Kruger, Rossi, Rubley - 6. Nays: None. It was moved by Trustee by Brodie, supported by Trustee Kruger to approve the application for regular age and service retirement for Ruby L. Ray, Police Department, 23 years 8 months service credits, age 48, effective April 1,1997. Adopted by the following roll call: Yeas: Benavides, Bommarito, Brodie, Kruger, Rossi, Rubley - 6. Nays: None. It was moved by Trustee Benavides, supported by Trustee Brodie to excuse Trustee Hollister from the meeting. Adopted by the following vote: Unanimously. The Board reviewed the medical evaluation, from the Medical Director, for Joy Mahanti. Discussion was held. It was moved by Trustee Benavides, supported by Trustee Bommarito to concur with the Medical Director's recommendation and that this request for duty disability retirement be denied. T etin ad' urned at 9:00 a.m. Robert W. Swanson, Secretary Employees' Retirement System Minutes approved on: Douglas Rubley, Chairpers OFFICIAL PROCEEDINGS OF THE BOARD OF 111WW t� CITY OF LANSING �,� � ,� P/1 3. 06 EMPLOYEES' RETIREMENT SYSTEM CITY CLERK Regular Meeting 8th Floor Conference Room City Hall Lansing, MI 48933 March 20,1997 Thursday, 8:40 a.m. The Board met in regular session and was called to order by Chairperson Doug Rubley at 8:40 a.m. Present: Trustees Benavides, Bommarito, Brodie, Kruger, Rossi, Rubley - 6. Absent: Trustee Hollister -1. Others: Steve Dougan, Finance; Jack Jordan, Law Department; Margaret Herp, Thelma Steed, Dee White. It was moved by Trustee Brodie, supported by Trustee Kruger to approve the minutes of the regular meeting of February 20,1997 as amended. Adopted by the following vote: Unanimously The Secretary reported: 1 new members(s)(Ernestine Cruz, Public Service -Transportation), 0 reinstatement(s), 0 refund(s), 0 transfer(s), and 1 retired. Total active membership: 526. Refunds made since the last regular meeting: $0. Retirement allowances paid for the month of February, 1997: $659,833.58. Total number of ERS retirement checks printed: 580. Total retirement checks printed for systems: 1,059. Domestic relations orders received: 0. Domestic relations orders pending: 2. Eligible domestic relations orders certified: 0. The Board reviewed a letter from Sonia Kellogg requesting a duty disability retirement. Discussion was held. It was moved by Trustee Benavides, supported by Trustee Brodie to refer Ms. Kellogg to the Medical Director for evaluation. Adopted by the following vote: Unanimously. The Board reviewed a medical evaluation for John Barcume, who has requested a non -duty disability retirement. Discussion was held. It was moved by Trustee Benavides, supported by Trustee Kruger to place Mr. Barcume on non -duty disability retirement. Adopted by the following roll call: Yeas: Benavides, Brodie, Kruger, Rossi, Rubley - 5. Nays: None. Employees' Retirement System Regular Meeting of March 20,1997 Page 2 It was moved by Trustee Benavides, supported by Trustee Rossi to excuse Trustee Hollister. Adopted by the following vote: Unanimously. Other Business Trustee Rubley informed the Board that Northern Trust sent him a page that was Designation of Securities. Basically, this is for when they have a problem they need to contact someone with authority to take action on behalf of the Board. It was moved by Trustee Benavides, supported by Trustee Brodie to give authorization to the Secretary to the Board/Finance Director, Deputy Finance Director, Chairperson and Vice Chairperson to transfer funds between investment managers or any other purposes necessary providing the transfer is for the purpose of meeting the needs of the retirement system and the accounts affected by the retirement accounts or City of Lansing accounts. Adopted by the following vote: Unanimously. Trustee Rubley informed the Board that Northern Trust has a lot of online capabilities. Current City equipment does not have the capability to obtain this information. Discussion was held to share the cost with the Police & Fire Retirement System to obtain the necessary hardware/ software and CD -Rom to bring us up to date to receive this information with Northern Trust. The Police & Fire has requested more information on the cost to upgrade. It was moved by Trustee Brodie, supported by Trustee Benavides to use securities lending for anyone who is planning to attend the National Council of Public Employees Retirement Systems Conference in San Antonio, Texas. Adopted by the following vote: Unanimously. Trustee Rubley gave an overview of the performance of the fund managers. Th me n a jo ed at 9:30 a.m. Robert W. Swanson, Secretary Employees' Retirement System Minutes approved on: /7/ �7 Douglas Rubley, Chairper n OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES EMPLOYEES' RETIREMENT SYSTEM Regular Meeting 8th Floor Conference Room City Hall Lansing, MI 48933 May 22, 1997 Thursday, 8:40 a.m. The Board met in regular session and was called to order by Chairperson Doug Rubley at 8:40 a.m. Present: Trustees Benavides, Brodie, Kruger, Rhode, Rossi, Rubley - 6. Absent: Trustee Bommarito, Hollister - 2. Others: Robert Swanson, Steve Dougan, Finance-, Jim Smiertka, Jack Jordan, Law Department. It was moved by Trustee Benavides, supported by Trustee Brodie to approve the minutes of the regular meeting of April 17, 1997, Adopted by the following vote: Unanimously The Secretary reported: 2 new members(s)(Aldricic L. Allen, Leroy Barber, Public Service), 0 reinstatement(s), 0 refund(s), 0 transfer(s), and 4 retired. Total active membership-, 522. Refunds made since the last regular meeting: $0. Retirement allowances paid for the month of April, 1997: $669,597,48, Total number of ERS retirement checks printed: 586, Total retirement checks printed for systems: 1,069. Domestic relations orders received: 0. Domestic relations orders pending: 2. Eligible domestic relations orders certified.- 0. It was moved by Trustee Kruger, supported by Trustee Rossi to approve the application for regular age and service retirement for James W. Crawford, Public Service, 20 years 1 month service credits, age 65, effective May 1, 1997, Adopted by the following roll call: Yeas: Benavides, Brodie, Kruger, Rhode, Rossi, Rubley - 6. Nays: None. It was moved by Trustee Brodie, supported by Trustee Benavides to approve the application for regular age and service retirement for Ralph W. Goff, Planning & Neighborhood Development, 13 years 5 months service credits, age 62, effective June 1, 1997. Adopted by the following roll call: Yeas: Benavides, Brodie, Kruger, Rhode, Rossi, Rubley, - 6. Nays: None. r- 0j `- rn .. Emp',.oyees' Retirement System Regular Meeting of May 22, 1997 Page 2 It was moved by Trustee Kruger, supported by Trustee Brodie to approve the application for regular age and service retirement for Lawrence F. LaFay, Public Service, 27 years 3 months service credits, age 54, effective May 1, 1997. Adopted by the following roll call: Yeas: Benavides, Brodie, Kruger, Rhode, Rossi, Rubley - 6. Nays: None. It was moved by Trustee by Brodie, supported by Trustee Kruger to approve the application for regular age and service retirement for Joseph C. Sessions, Public Service, 27 years service credits, age 49, effective May 2, 1997, Adopted by the following roll call.- Yeas- Benavides, Brodie, Kruger, Rhode, Rossi, Rubley - 6. Nays: None. It was moved by Trustee Benavides, supported by Trustee Rossi to excuse Trustees Bommarito and _ -Hollister from the meeting - Adopted by the following vote: Unanimously. Other Business The Board reviewed a legal opinion from Jack Jordan regarding request for general employees retirement system service credits for part-time employees. Discussion was held. It was moved by Trustee Rossi, supported by Trustee Kruger to remove medical evaluation for Harry James and the request from Tina Gallante from pending items. Adopted by the following vote: Unanimously. Trustee Brodie stated that he had received a copy of the ERISA regulations regarding part-time employees. It was moved by Trustee Brodie, supported by Trustee Kruger to forward these regulations to the City Attorney for review. Adopted by the following vote: Unanimously, Information was received regarding the I.F.E.B.P. 43rd Annual Employee Benefits Conference. It was moved by Trustee Brodie, supported by Trustee Benavides to send a delegate to the conference. Adopted by the following vote: Unanimously. Minutes approved on. - Douglas Rubley, Chairperson The meeting adjourned at 9:40 a.m. Robert W. Swanson, Secretary Employees' Retirement System Minutes approved on: OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES::--_-, CITY OF LANSING f:, ! 0 6 EMPLOYEES' RETIREMENT SYSTEM L,,k!S;t O C1.1.1 CLERN Regular Meeting July 17, 1997 8th Floor Conference Room Thursday, 8:50 a.m. City Hall Lansing, MI 48933 The Board met in regular session and was called to order by Chairperson Doug Rubley at 8:50 a.m. Present: Trustees Bommarito, Brodie, Hollister, Rhode, Rubley - 5. Absent: Trustee Benavides, Rossi - 2. Others: Robert Swanson, Steve Dougan, Finance; Jack Jordan, Law Department. Edward Piloske, Walter Marcus, Maxine Marcus, Raymond Watson, Joe Vaydik Bruce Leavitt, Vada Dodge, Dolores White, Margaret Herp It was moved by Trustee Benavides, supported by Trustee Brodie to approve the minutes of the regular meeting of June 19, 1997. Adopted by the following vote: Unanimously The Secretary reported: 1 new members(s) (Daniel Perry, Parks & Recreation), 0 reinstatement(s), 0 refund(s), 0 transfer(s), and 3 retired. Total active membership: 519. Refunds made since the last regular meeting: $0. Retirement allowances paid for the month of June, 1997: $679,916.84. Total number of ERS retirement checks printed: 590. Total retirement checks printed for both systems: 1,075. Domestic relations orders received: 0. Domestic relations orders pending: 2. Eligible domestic relations orders certified: 0. It was moved by Trustee Brodie, supported by Trustee Hollister to approve the application for regular age and service retirement for Robert T. Dietz, Public Service, 19 years 11 months service credits, age 45, effective July 19, 1997. Adopted by the following roll call: Yeas: Bommarito, Brodie, Kruger, Rhode, Rubley - 5. Nays: None. The Board reviewed a request from Bonnie J. White, District Court to defer her retirement the request was received and placed on file. A request was received for refund of accumulated contributions from Helen Burt, Police Department. It was moved by Trustee Hollister, and supported by Trustee Brodie to approve the request. Adopted by the following vote: Unanimously. Employees' Retirement System Regular Meeting of July 17, 1997 Page 2 It was moved by trustee Hollister, supported by Trustee Rhode to excuse Trustee Rossi and Trustee Benavides. Adopted by the following vote: Unanimously. The Board reviewed a report by Mr. Sonnanstine regarding prefunding of health care, minimum benefit adjustments. Trustee Rubley will set up a sub -committee meeting. Discussion held regarding medical evaluation for Sonia Kellogg. It was moved by Trustee Bommarito, supported by Trustee Hollister to table this item until the August meeting. The meeting adjourned at 10:00 a.m. 17� 4ele__ Robert W. Swanson, Secretary Employees' Retirement System Minutes approved on c Douglas Rubley, Chairperson , ; TI-CIAL PROCEEDINGS OF THE BOARD OF TRUSTEES f _.._. CITY OF LANSING ,.,,,' EMPLOYEES' RETIREMENT SYSTEM r",,;13,r•CITY CLERK Regular Meeting 8th Floor Conference Room City Hall Lansing, MI 48933 August 21, 1997 Thursday, 8:35 a.m. The Board met in regular session and was called to order by Chairperson Doug Rubley at 8:35 a.m. Present: Trustees Benavides, Brodie, Antekeier, Rhode, Rossi, Rubley - 6. Absent: Trustee Bommarito, Hollister - 2. Others: Robert Swanson, Meriane Schuiling, Finance-, Jack Jordan, Law Department. Edward Piloske, David Moss,'Raymond Watson, Joe Vaydik. Dolores White, Margaret Herp It was moved by Trustee Rossi, supported by Trustee Rhode to approve the minutes of the regular meeting of July 17, 1997. Adopted by the following vote: Unanimously The Secretary reported.- 0 new members(s), 0 reirnstatement(s), 0 refund(s), 0 transfer(s), and 0 retired. Total active membership: 521. Refunds made since the last regular meeting: $0. Retirement allowances paid for the month of July, 1997.- $682,011.17. Total number of ERS retirement checks printed: 591. Total retirement checks printed for both systems: 1,078. Domestic relations orders received: 0. Domestic relations orders pending: 2. Eligible domestic relations orders certified: 0. It was moved by Trustee Brodie, supported by Trustee Benavides to approve the application for regular age and service retirement for James D. Hixon, Parks & Recreation, 30 years 9 months service credits, age 57, effective July 19, 1997. Adopted by the following roll call: Yeas: Benavides, Brodie, Antekeier, Rhode, Rossi, Rubley - 6. Nays: None. It was moved by Trustee Brodie, supported by Trustee Rossi to approve the application for regular age and service retirement for Steven E. Dougan, Finance Department, 22 years 5 months service credits, age 47. effective August 15, 1997. Adopted by the following roll call: Yeas: Benavides, Brodie, Antekeier, Rhode, Rossi, Rubley - 6. Nays: None. Employees' Retirement System Regular Meeting of August 21, 1997 Page 2 It was moved by Trustee Benavides, supported by Trustee Rhode to approve the application for regular age and service retirement for Jerome R. Droste, Public Service Department, 16 years 2 months service credits, age 58, effective August 2, 1997. Adopted by the following roll call. - Yeas: Benavides, Brodie, Antekeier, Rhode, Rossi, Rubley - 6. Nays: None. Discussion held regarding medical evaluations for Sonia Kellogg and Virgil Stevenson. It was moved by Trustee Benavides, supported by Trustee Brodie to table these items until the September meeting. It was moved by trustee Benavides, supported by Trustee Rossi to excuse Trustee Bommarito and Trustee Hollister. Adopted by the following vote: Unanimously. Trustee Rubley gave an overview of the performance of the fund managers. It was moved by Trustee Brodie and seconded by Trustee Antekeier that. the review of Fiduciary Liability Insurance remain as a pending item on the boards agenda. Adopted by the following vote: Unanimously Discussion was held concerning the subcommittee on prefunding of health care. It was moved by Trustee Rossi and seconded by Trustee Rubley to have the Actuary begin drafting the language for the ordinance to change the assumed rate of return from 7% to 8% all of which would go toward prefunding of health care, and increasing the floor benefit for existing retirees based on a point system. After reviewing the ordinance the board will proceed with informational meetings with the unions. Discussion was held concerning the RFP for Investment Consultants Trustee Rubley informed the board that he would like any comments or recommendations pertaining to the previous RFP by the end of August. If no modifications were requested by the board members the RFP will go out as previously designed. Discussion was held concerning upcoming MAPERS fall conference, It was stated that no information had yet been received from MAPERS, and if anyone was interested in attending the conference they should contact Meriane Schuiling. Minutes approved on���"9� aj,- )61- ouglw Rubley, Chairperson Th tin adjo ed at 9:40 a.m. Robert W. Swanson, Secretary Employees' Retirement System OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING EMPLOYEES' RETIREMENT SYSTEM Regular Meeting loth Floor Conference Room City Hall Lansing, MI 48933 The Board met in regular session and was called to order at 8.35 a.m. Present: Trustees Bommarito, Brodie, Antekeier, Rhode, Rossi - 5. Absent.- Trustee Benavides, Rubley, Hollister - 3. September 18, 1997 Thursday, 8.35 a.m. Others: Robert Swanson, Meriane Sebuiling, Finance-, Jack Jordan, Law Department. Edw—ard-Pi Moe It was moved by Trustee Rossi, supported by Trustee Antekeier to approve the minutes of the regular meeting of August 21, 1997. Adopted by the following vote: Unanimously The Secretary reported: 5 new members(s) (James Aimery, Steven Austin, Mark Boyer, Stephen Goodwin, and Tracy Hammond Sr. all Public Service Department) , 0 reinstatement(s), 0 refund(s), 0 transfer(s), and 0 retired. Total active membership: 526. Refunds made since the last regular meeting: $0. Retirement allowances paid for the month of August, 1997: $686,722.93. Total number of ERS retirement checks printed: 592. Total retirement checks printed for both systems: 1,085. Domestic relations orders received: 0. Domestic relations orders pending: 2. Eligible domestic relations orders certified: 0. It was moved by Trustee Bommarito and supported by Trustee Rossi to approve the request for Duty Disability for Virgil Stevenson. Adopted by the following vote: Yeas: Bommarito, Brodie, Antekeier, Rhode, Rossi Nays: None. It was moved by Trustee Bommarito and supported by Trustee Rhode to disability by Sonia Kellogg to the October board meeting. Adopted by the following vote: Unanimously table the request for duty It was moved by trustee Rossi, supported by Trustee Antekeier to excuse Trustee Rubley and Trustee Hollister. Adopted by the following vote: Unanimously. Benavides, Trustee It was moved by Trustee Rossi and supported by Trustee Antekeier to accept the increase in fees by Gabriel Roeder. It was moved by Trustee Rhode and supported by Trustee Rossi to approve pending review and approval by the Law Department and the Hannah Consulting Group the request by Harbor Capital Management to have the Board Chairmans signature on a consent form concerning their upcoming partnership with Generale Bank (Belgium) and Fimagest (France). Th WW.Swarison, adj reed at 9.-10 a.m. Ro ert Secretary Employees' Retirement System Minutes approved on Dnuglas-Ruhte-y,. EhaiEperson-- a. S OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING EMPLOYEES' RETIREMENT SYSTEM Regular Meeting 8th Floor Conference Room City Hall Lansing, MI 48933 October 21, 1997 Thursday, 8:30 a.m. The Board met in regular session and was called to order at 8:40 a.m. Present: Trustees Benavides, Bommarito, Brodie, Antekeier, Rhode, Rossi, Rubley — 7. Absent: Trustee Hollister — 1. Others: Robert Swanson, Meriane Schuiling, Finance; Jack Jordan, Margaret Vroman, Law Department; Sheila-l-de Personner Edward Piloske, Margaret Herp. - - -"-- It was moved by Trustee Antekeier supported by Trustee Benavides to approve the minutes of the regular meeting of October 23, 1997. Adopted by the following vote: Unanimously The Secretary reported: 0 new members(s), 0 reinstatement(s), 0 refund(s), 0 transfer(s), and 0 retired. Total active membership: 521. Refunds made since the last regular meeting: $0. Retirement allowances paid for the month of September, 1997: $687,909.81. Total number of ERS retirement checks printed: 592. Total retirement checks printed for both systems.- 1,086. Domestic relations orders received: 0. Domestic relations orders pending: 2. Eligible domestic relations orders certified: 0. It was moved by Trustee Bommarito and supported by Trustee Antekeier to approve the request for Regular Age & Service Retirement for Ronald Onufer, City Council 20 years service credits, age 48 years, effective October 1, 1997. Adopted by the following vote: Yeas: Benavides, Bommarito, Brodie, Antekeier, Rhode, Rossi, Rubley. Nays: None. It was moved by Trustee Antekeier and supported by Trustee Brodie to table the request for Accumulated Contributions for Michael A. Louth, Parks & Recreation Department until further examination- of situation and discussion with Michael Louth." Adopted by the following vote: `1 Yeas: Benavides, Bommarito, Brodie, Antekeier, Rhode, Rossi, Rubley. Nays: None. M _ 'it was moved by Trustee Benavides and supported by Trustee Antekeier to concur with the Medical Directors evaluation that Sonia Kellogg's request for Duty Disability be denied. Adopted by the following vote: Yeas: Benavides, Bommarito, Brodie, Antekeier, Rhode, Rossi, Rubley. Nays: None. It was moved by Trustee Benavides supported by Trustee Rossi to excuse Trustee Hollister. Adopted by the following vote: Unanimously. It was moved by Trustee Brodie and supported by Trustee Rhode to forward the Duty Death Benefits (remarriage provision) to the Mayors office for review. A subcommittee was formed for Medical Evaluations on Duty Disability Requests, the members of the subcommittee are Trustee Rossi, Trustee Antekeier and Trustee Brodie. _ _Minutes_.appmved . ,GD - - Douglas Rubley, Chairperson The; eeting adj ur at 9:30 a.m. Ro ert W. Swan ecretary Employees' Retirement System