Loading...
HomeMy WebLinkAbout2002 Employee's Retirement System Board MinutesOFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING EMPLOYEES' RETIREMENT SYSTEM Regular Meeting Council Conference Room loth Floor City Hall Lansing, MI 48933 January 17, 2002 Thursday, 8:30 a.m. The Board met in regular session and was called to order at 8:40 a.m. Present: Trustees Adado,Antekeier,Bommarito,Brodie,Hollister, Piloske, Rhode ,Rossi, Rubley - 9. Others: Gary Gustafson, Bob Swanson, Finance: Jack Jordan Law Department It was moved by Trustee Piloske and supported by Trustee Brodie to approve the minutes of the regular meeting of December 20, 2001. Adopted by the following vote: Unanimously. The Secretary reported: 2 new members (s), 0 reinstatement(s), 0 refund(s), 0 transfer(s), and 1 retired. Total active membership: 536. Refunds made since the last regular meeting: $0. Retirement allowances paid for the month of December 2001: $879,479.09. Total number of ERS retirees 644. 3 deaths. Total retirement checks printed for all systems: 1,206. Domestic relations orders received: 0. Domestic relations orders pending: 0. Eligible domestic relations orders certified: 0. It was moved by Trustee Brodie and supported by Trustee Antekeier to approve the request for Regular Age and Service Retirement for Deborah A. Balan „ Comm. Ctrs. Supvr., Parks & Recs., 24 years 3 months service credits, age 47, effective February 16, 2002. Adopted Unanimously It was moved by Trustee Rhode and supported by Trustee Hollister to deny forwarding the "Remenar Opinion" to Council. Adopted Unanimously Mr. Rubley gave the investment report for December. Employees' Retirement System Minutes from Regular Meeting January 17, 2002 page 2. The mee adjouL2- t 9:30 a.m. (d-e4, r Robert W. Swanson, Secretary Employees' Retirement System Minutes approved on Douglas Rubley, Chairperson OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING EMPLOYEES' RETIREMENT SYSTEM Regular Meeting Council Conference Room loth Floor City Hall Lansing, MI 48933 March 21, 2002 Thursday, 8:30 a.m. The Board met in regular session and was called to order at 8:36 a.m. Present: Trustees Adado, Antekeier, Bommarito, Brodie, Piloske, Rhode, - 6. Absent: Hollister, Rossi, Rubley Others: Gary Gustafson, Bob Swanson, Amy Magistro, Mark Colby, Finance: Margaret Herp, Retiree The Secretary reported: 0 new members (s), 0 reinstatement (s), 0 refund(s), 0 transfer(s), and 1 retired. Total active membership: 537. Refunds made since the last regular meeting: $0. Retirement allowances paid for the month of February 2002: $888,672.16. Total number of ERS retirees 647. 1 death. Total retirement checks printed for all systems: 1,207. Domestic relations orders received: 0. Domestic relations orders pending: 0. Eligible domestic relations orders certified: 0. It was agreed to vote on the following Regular Age and Service Retirements altogether: Linda Rossman, District Court, 20 years 4 months service credits, age 50, effective March 1, 2002. Douglas W. Winkel, 911 Operator, 18 years 9 months service credits, age 46, effective March 15, 2002. Charles E. Braatz, Public Service Waste Water, 27 years 5 months service credits, age 62, effective March 16, 2002. Margaret H. Pollard, Office Manager, Public Service, 18 years 11 months service credits, age 62, effective April 2, 2002. William L. Christopher, Mechanic, Parks & Recreation, 28 years 4 months service credits, age 50, effective April 16, 2002. It was moved by Trustee Adado and supported by Trustee Antekeier to Employees' Retirement System Minutes from Regular Meeting March 21, 2002 page 2. approve the above requests for Regular Age & Service Retirements. Adopted Unanimously It was moved by Trustee Antekeier and supported by Trustee Adado to excuse Trustees Hollister, Rossi and Rubley. Adopted Unanimously Mr. Brodie handed out the investment report for February. Minutes approved on 4c2-- Q� Douglas Rubley, Chairperson The me g jo adned at 9: 15e me15 a.m. 4) Robert W. Swanson, Secretary Employees' Retirement System OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING EMPLOYEES' RETIREMENT SYSTEM Regular Meeting February 21, 2002 Council Conference Room Thursday, 8:30 a.m. loth Floor City Hall Lansing, MI 48933 The Board met in regular session and was called to order at 8:35 a.m. Present: Trustees Antekeier, Brodie, Hollister, Piloske, Rhode, Rubley - 6. Absent: Adado, Bommarito, Rossi Others: Gary Gustafson, Amy Magistro, Finance: Jack Jordan Law Department It was moved by Trustee Hollister and supported by Trustee Brodie to approve the minutes of the regular meeting of January 17, 2002. Adopted by the following vote: Unanimously. The Secretary reported: 3 new members (s), 0 reinstatement(s), 0 refund(s), 0 transfer(s), and 1 retired. Total active membership: 538. Refunds made since the last regular meeting: $0. Retirement allowances paid for the month of January 2002: $888,802.03. Total number of ERS retirees 647. 2 deaths. Total retirement checks printed for all systems: 1,206. Domestic relations orders received: 0. Domestic relations orders pending: 0. Eligible domestic relations orders certified: 0. It was moved by Trustee Hollister and supported by Trustee Brodie to approve the request for Regular Age and Service Retirement for Dorothy M. Chesney, Office Manager, Planning and Development, 16 years 2 months service credits, age 48, effective March 4, 2002. Adopted Unanimously It was moved by Trustee Brodie and supported by Trustee Antekeier to approve the request for Regular Age and Service Retirement (from Deferred) for Waland Worden, Civic Center Stage Manager, 9 years 5 months service credits, age 59, effective January 1, 2002. Adopted Unanimously It was moved by Trustee Hollister and supported by Trustee Antekeier to excuse Trustees Adado, Bommarito, and Rossi. Adopted Unanimously Employees' Retirement System Minutes from Regular Meeting February 21, 2002 page 2. It was moved by Trustee Brodie and supported by Trustee Piloske to send up to two members to the NCPERS conference. Adopted Unanimously It was moved by Trustee Rhode and supported by Trustee Antekeier to approve up to two people to attend a conference without board approval, but approval would be needed for more than two. Adopted Unanimously Trustee Rubley discussed the Investment Firm of Lazard Freres not performing up to expectations. It was moved by Trustee Brodie and supported by Trustee Piloske to have a separately published financial audit to be conducted by the auditor selected by the City. Adopted Unanimously Amy Magistro stated that the board could probably use the same audit firm the City uses and to pay for it from the ERS fund. The board instructed the Retirement Analyst to put Equating on the Application for Retirement Form and to take off Lump Sum. A Sub -Committee was made up of Trustees: Antekeier, Brodie, Piloske, and Rhode to over -see the operational audit. Mr. Rubley gave the investment report for January. The meeting adjo rned at 10:19 a.m. /4 Robert W. Swanson, Secretary Employees' Retirement System Minutes approved on Douglas Rubley, Chairperson OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING EMPLOYEES' RETIREMENT SYSTEM Regular Meeting Council Conference Room loth Floor City Hall Lansing, MI 48933 April 18, 2002 Thursday, 8:30 a.m. The Board met in regular session and was called to order at 8:55 a.m. Present: Trustees Antekeier, Bommarito, Piloske, Rhode, Rossi, Rubley - 6. Absent: Brodie, Hollister Others: Gary Gustafson, Bob Swanson, Finance: Jack Jordan, Law Department It was moved by Trustee Rhode and supported by Trustee Antekeier to approve the minutes of the regular meeting of April 18, 2002. Adopted by the following vote: Unanimously. The Secretary reported: 0 new members(s), 0 reinstatement(s), 0 refund(s), 0 transfer(s), and 4 retired. Total active membership: 533. Refunds made since the last regular meeting: $0. Retirement allowances paid for the month of March 2002: $897,972.61. Total number of ERS retirees 650. 3 deaths. Total retirement checks printed for all systems: 1,217. Domestic relations orders received: 0. Domestic relations orders pending: 0. Eligible domestic relations orders certified: 0. It was agreed to vote on the following Regular Age and Service Retirements altogether: Lewis Morin, Equipment Operator, Parks; 26 years 11 months service credits, age 50, effective April 15, 2002. Rolly Cole, Supervisor, Management Services; 17 years 6 months service credits, age 57, effective April 22, 2002. Garland Martell, Public Service, O&M; 28 years 3 months service credits, age 50, effective April 17, 2002. Gary A. Mead, Equipment Operator, Public Service; 27 years 3 months service credits, age 60, effective April 15, 2002 Employees' Retirement System Minutes from Regular Meeting April 18, 2002 page 2. It was moved by Trustee Rossi and supported by Trustee Antekeier to approved the above requests for Regular Age & Service Retirements. Adopted Unanimously it was moved by Trustee Antekeier and supported by Trustee Piloske to approve the Non Duty Disability Retirement for Kenney G. Amon in conjunction with Dr. Chiodo's report. Adopted Unanimously It was moved by Trustee Bommarito and supported by Trustee Rossi to excuse Trustees Brodie and Hollister. Adopted Unanimously It was moved by Trustee Antekeier and supported by Trustee Rossi to accept Phase I of the proposed strategy for funding and re -balancing. Adopted Unanimously Trustee Rubley gave the Investment Report for March. The mz L at 9:52 a.m. Robert W. Swanson, Secretary Employees' Retirement System Minutes approved on Douglas Rubley, Chairperson OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING EMPLOYEES' RETIREMENT SYSTEM Regular Meeting May 16, 2002 Council Conference Room Thursday, 8:30 a.m. 10th Floor City Hall Lansing, MI 48933 The Board met in regular session and was called to order at 8:57 a.m. Present: Trustees Antekeier, Brodie, Piloske, Rhode, Rubley - 6. Absent: Bommarito, Hollister, Rossi Others: Gary Gustafson, Finance: Jack Jordan, Law Department: And Two Retirees It was moved by Trustee Rhode and supported by Trustee Antekeier to approve the minutes of the regular meeting of April 18, 2002. Adopted by the following vote: Unanimously. The Secretary reported: 1 new members (s), 0 reinstatement (s), 0 refund(s), 0 transfer(s), and 7 retired. Total active membership: 527. Refunds made since the last regular meeting: $0. Retirement allowances paid for the month of April 2002: $905,091.30. Total number of ERS retirees 655. 2 deaths. Total retirement checks printed for all systems: 1,223. Domestic relations orders received: 0. Domestic relations orders pending: 0. Eligible domestic relations orders certified: 0. It was moved by Trustee Antekeier and supported by Trustee Brodie to approve the request for Regular Age and Service Retirement for Albert F. VanDouser Jr., Public Service O&M, 25 years 2 months service credits, age 57, effective May 3, 2002. Adopted Unanimously It was moved by Trustee Rhode and supported by Trustee Antekeier to reconsider the motion of February to have a separate financial audit. Yeas: Rhode, Rubley Nays: Antekeier, Brodie, Piloske Not Adopted It was moved by Trustee Brodie and supported by Trustee Antekeier to approve the Investment Policy. Adopted Unanimously Employees' Retirement System Minutes from Regular Meeting May 16, 2002 page 2. It was moved by Trustee Brodie and supported by Trustee Piloske to approve Phase II of the proposed strategy for funding and re -balancing. Adopted Unanimously It was moved by Trustee Brodie and supported by Trustee Antekeier to excuse Trustees Bommarito, Hollister, and Rossi. Adopted Unanimously It was moved by Trustee Brodie and supported by Trustee Rhode to transfer all but $50,000.00 of the Securities Lending money to the S&P 500 Mutual Index Fund. The $50,000.00 is to be used for expenses and if the balance falls below $25,000.00, to replenish it back to $50,000.00. The monthly earnings of the fund is to go to the Index Fund. Adopted Unanimously Trustee Rubley gave the Investment Report for April. The mee a jo ned at 9:46 a.m. Robert W. Swanson, Secretary Employees' Retirement System Minutes approved on Douglas Rubley, Chairp son OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING EMPLOYEES' RETIREMENT SYSTEM Regular Meeting Council Conference Room 10th Floor City Hall Lansing, MI 48933 June 20, 2002 Thursday, 8:30 a.m. The Board met in regular session and was called to order at 8:35 a.m. Present: Trustees Antekeier, Brodie, Piloske, Rhode,Rossi, Rubley - 6. Absent: Benavides,Bommarito, Hollister Others: Gary Gustafson, Finance: Jim Smiertka Law Department: It was moved by Trustee Rossi and supported by Trustee Antekeier to approve the minutes of the regular meeting of May 16, 2002. Adopted by the following vote: Unanimously. The Secretary reported: 0 new members (s), 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 May 2002: $913,779.22. Total number of ERS retirees 656. 4 deaths. Total retirement checks printed for all systems: 1,221. Domestic relations orders received: 0. Domestic relations orders pending: 0. Eligible domestic relations orders certified: 0. It was moved by Trustee Rossi and supported by Trustee Brodie to excuse Trustees Benavides,Bommarito, and Hollister. Adopted Unanimously Trustee Rubley gave the Investment Report for May. ­�I^K)-Z- Minutes approved on Irl Douglas Rubley, Chairperson The me ng dj rned at 9:17 a.m. Robert W. Swanson, Secretary Employees' Retirement System OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING EMPLOYEES' RETIREMENT SYSTEM Regular Meeting July 18, 2002 Council Conference Room Thursday, 8:30 a.m. 10th Floor City Hall Lansing, MI The Board met in regular session and was called to order at 8:33. Present: Antekeier, Brodie, Piloske, Rhode, Rossi, Rubley - 6 Absent: Benavides, Bommarito, Hollister - 3 Others: Gary Gustafson, Robert Swanson, Amy Magistro, and Robin Noe, Finance Department. It was moved by Trustee Antekeier, and supported by Trustee Piloske to approve the minutes of the regular meeting of July 18, 2002. Adopted by the following vote: Unanimously. The Secretary reported: 1 new member(s), 0 reinstatements, 0 refund(s), 3 retired. Total active membership: 524. Refunds made since the last regular meeting amounted to $0. Retirement allowances paid for the month of June 2002 amounted to $918,317.12. 2 deaths. Total retirement checks printed for the ERS System: 654. Total retirement checks printed for systems: 1,219. Domestic relations orders recieved : 2. Domestic relations orders pending : 0. Eligible domestic relations orders certified: 0. It was agreed by the board to vote on the following retirements together. Request for Regular Age and Service Retirement Jacklyn Beard, Treasure's Office, 23 years 2 months service credits, age 48, effective July 27, 2002. Request for Regular Age and Service Retirement Terry M. Buck, Public Service, 28 years 1 month service credits, age 48, effective July 20, 2002. Request for Regular Age and Service Retirement Gary Garrick, Code Compliance, 15 years 1 months service credits, age 61, effective August 16, 2002. Regular Meeting Council Conference Room 10th Floor City Hall Lansing, MI July 18, 2002 Thursday, 8:30 a.m. Request for Regular Age and Service Retirement Edward Eastridge, Parks, 25 years 4 months service credits, age 50, effective June 27, 2002. Request for Regular Age and Service Retirement Oakley Lyons, Neighborhood / Development, 26 years 5 months service credits, age 50, effective June 15, 2002. Request for Regular Age and Service Retirement Patricia Mears, 911/Police, 22 years 1 month service credits, age 42, effective July 20, 2002. Request for Regular Age and Service Retirement Jimmy L. Spangler, Public Service, 23 years service credits, age 51, effective June 01, 2002. It was moved by Trustee Rhode and supported by Trustee Brodie to approve the above Regular Age and Service Retirements. Adopted by the following vote: Unanimously The board did notvote on Mary Anne McNamara, until heryears of service was rechecked. There was no action taken on the request for Duty Disability Retirement for James R Rogers. It was referred to the Disabiltiy Committee. Mr. Lemmon's request for Duty Disability was referred to Dr. Chiodo and the Disability Committee. It was moved by Trustee Rossi and supported by Trustee Brodie to excuse Trustees Benavides, Bommarito, and Hollister. It was Approved Unanimously. It was moved by Trustee Rhode and supported by Trustee Brodie for Doug Rubley to attend the Guns and Hoses seminar. It was Approved Unanimously. It was moved by Trustee Brodie and supported by Trustee Antekeier to accept the Fee Structure from Gabriel, Roeder, Smith and Company. It was Approved Unanimously. Doug Rubley will respond to Jim Young's questions from his re-employment letter, and the rest will be referred to the City Administrator. Mr. John Brodie is to be sworn in by the next ERS Retirement board meeting on August 22, 2002. Regular Meeting Council Conference Room 10th Floor City Hall Lansing, MI July 18, 2002 Thursday, 8.30 a.m. Duty Disability Release form was referred to the sub committee and the City Attorney. Mr. John Brodie gave his Due Diligence inspection report. It was moved by Trustee Brodie and supported by Trustee Antekeier to use the Northern Trust fund to change from the Basic Collateral to Core USA Collateral. It was Approved Unanimously. Mr. Rubley gave the investment report for June. Minutes approved on O ,'- Douglas Rubley, Chairperso The meetina adiourned at 10.32 a.m. Robert Swanson, Secretary Police & Fire Retirement System OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING EMPLOYEES' RETIREMENT SYSTEM Regular Meeting August 22, 2002 Council Conference Room Thursday, 8:30 a.m. 10th Floor City Hall Lansing, MI The Board met in regular session and was called to order at 8:35. Present: Benavides, Bommarito, Brodie, Piloske, Rhode, Rossi, Rubley - 7 Absent: Antekeier„ Hollister - 2 Others: Gary Gustafson, Robert Swanson, and Robin Noe, Finance Department, and Jack Roberts, Jeff Spagnuolo. It was moved by Trustee Rossi, and supported by Trustee Piloske to approve the minutes of the regular meeting of August 22, 2002. Adopted by the following vote: Unanimously. Action was taken to put Mr. Jeff Spagnuolo's letter on the August 22, 2002 agenda . It was moved by Trustee Benavides and supported by Trustee Rossi. Adopted by the following vote: Unanimously. The Secretary reported: 1 new member(s), 0 reinstatements, 0 refund(s), 4 retired. Total active membership: 520. Refunds made since the last regular meeting amounted to $0. Retirement allowances paid for the month of July 2002 amounted to $928,447.97. 2 deaths. Total retirement checks printed for the ERS System: 657. Total retirement checks printed for systems: 1,229. Domestic relations orders recieved : 2. Domestic relations orders pending : 0. Eligible domestic relations orders certified: 0. Trustee Brodie was sworn in on August 22, 2002. It was moved by Trustee Rhode and supported by Trustee Brodie to approve the following Regular Age and Service Retirements: Request for Regular Age and Service Retirement Kevin Harcus, Parks Department, 27 years 2 months service credits, age 49, effective September 15,2002. Mr. Harcus will be age 50 upon retirement. Regular Meeting Council Conference Room 10th Floor City Hall Lansing, MI August 22, 2002 Thursday, 8:30 a.m. Request for Regular Age and Service Retirement Sherman Nelson, Public Service, 17 years 7 month service credits, age 61, effective August 9, 2002. Request for Regular Age and Service Retirement Mary Anne McNamara, Parks Department, 25 years 1 months service credits, age 55, effective July 13, 2002. Adopted by the following vote: Unanimously It was moved by Trustee Brodie and supported by Trustee Rossi to approve the request of James Rogers to go on Duty Disability effective August 23, 2002, 8:00 a.m.. It was Approved Unanimously. It was moved by Trustee Benavides and supported by Trustee Brodie to release the Refund of Accumulated Contribution to Debra Barber with the stipulation of signing the release form. It was Approved Unanimously. It was moved by Trustee Rossi and supported by Trustee Rhode to excuse Trustees Antekeier, and Hollister. It was Approved Unanimously. It was moved by Trustee Benavides and supported by Trustee Rossi to pay the $ 250.00 fee for the death check audit through The Berwyn Group. It was Approved Unanimously. It was moved by Trustee Benavides and supported by Trustee Brodie to let Mr. Jeff Spagnuolo pay back his 7 year service credits at the systems assumed rate of return interest, with the stipulation that it is paid in full by the time he retires. It was moved by Trust Brodie and supported by Trustee Rossi to make the survivorship table retroactive back to January 01, 1999. It was Approved Unanimously. It was moved by Trustee Rhode and supported by Trustee Brodie to place Phase III implementation on the agenda for action. It was Approved Unanimously. It was moved by Trustee Benavides and supported by Trustee Brodie to complete Phase III of the Board's investment plan. Regular Meeting Council Conference Room 10th Floor City Hall Lansing, MI August 22, 2002 Thursday, 8:30 a.m. It was moved by Trustee Brodie and supported by Rhode to terminate Lazzard Freres and to transfer funds to Index funds as of September 30, 2002. It was Approved Unanimously. It was supported by Trustee Rhode and supported by Trustee Brodie to put Loomis Sayles & Co. on probation. It was Approved Unanimously. Mr. Rubley gave the investment report for July. Minutes approved on 911 Douglas Rubley, Chairperson The meeting adjourned at 9:58 a.m. Robert Swanson, Secretary Police & Fire Retirement System OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING EMPLOYEES' RETIREMENT SYSTEM Regular Meeting September 19, 2002 Council Conference Room Thursday, 8:30 a.m. 10th Floor City Hall Lansing, MI The Board met in regular session and was called to order at 8:35. Present: Antekeier, Benavides, Bommarito, Brodie, Hollister, Piloske, Rhode, Rubley - 8 Absent: Rossi- 1 Others: Gary Gustafson, Robert Swanson, Finance Department, and Jim Smiertka. It was moved by Trustee Antekeier, and supported by Trustee Brodie to approve the minutes of the regular meeting of September 19, 2002. Adopted by the following vote: Unanimously. The Secretary reported: 0 new member(s), 0 reinstatements, 1 refund(s), 3 retired. Total active membership: 519. Refunds made since the last regular meeting amounted to $475.85. Retirement allowances paid for the month of August 2002 amounted to $935,830.72. 0 deaths. Total retirement checks printed for the ERS System: 662. Total retirement checks printed for systems: 1,234. Domestic relations orders recieved : 0. Domestic relations orders pending : 2. Eligible domestic relations orders certified: 0. It was moved by Trustee Antekeier and supported by Trustee Brodie to approve the following Regular Age and Service Retirements: Request for Regular Age and Service Retirement William Childs, Public Service Department, 27 years 2 months service credits, age 50, effective October 13, 2002 (revised from September 15, 2002). Adopted by the following vote: Unanimously Gary Gustafson has a release form now for members to sign when they request to withdraw their funds when they leave the City of Lansing. Debra Barber did come in to sign the release form for her refund of $475.85. Regular Meeting Council Conference Room 10th Floor City Hall Lansing, MI September 19, 2002 Thursday, 8.30 a.m. Trustee Rubley explained Mr. Spagnuolo's new letter requesting the board to waive the interest charges to buy back his service credits. It was moved by Trustee Benavides and supported by Trustee Antekeier to reject Mr. Spagnuolo's request; to change the interest buy back rate to 3%, and to amend action of August 22, 2002 per ordinance section 292.35. It was Approved Unanimously. It was moved by Trustee Benavides and supported by Trustee Rhode to excuse Trustees Rossi. It was Approved Unanimously. Chairperson Doug Rubley has waived the $2,500.00 limit for a conference in November for Trustee Antekeier and Trustee Brodie. Doug Rubley updated the Board on the termination of Lazaard, and the authorization of the cross trade with Northern Trust. The effective date of this is to take place on October 1, 2002. The real estate is in place as of September 27, 2002. Doug Rubley described the Finance Department's effort to establish a more professional environment for the retirement office, including Robin Noe's area. The two offices will be side by side, and they will be the first two offices by the reception area. The cost for this, which includes new office furniture, will be a total of $3,000 per office. Mr. Rubley asked the Police and Fire Retirement Board to contribute $3,000 and they have accepted to pay for one of the offices. It was moved by Trustee Benavides and supported by Trustee Antekeier to contribute the $3,000 for the refurnishing of the second retirement office. It was Approved Unanimously. Mr. Rubley gave the investment report for August. The meeting adjourned at 9.28 a.m. Minutes approved on �%� l/Z� -�,a Robert Swanson, Secretary Employees' Retirement System Douglas Rubley, Chairperson OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING EMPLOYEES' RETIREMENT SYSTEM Regular Meeting November21, 2002 Council Conference Room Thursday, 8:30 a.m. 10th Floor City Hall Lansing, MI The Board met in regular session and was called to order at 8:40. Present: Antekeier, Benavides, Bommarito, Brodie, Piloske, Rhode, Rubley - 7 Absent: Hollister, Rossi- 2 Others: Gary Gustafson, Robert Swanson and Robin Noe, Finance Department, Jim Smiertka and Jack Roberts, Law Department. It was moved by Trustee Brodie, and supported by Trustee Antekeier to approve the minutes of the regular meeting of October 17, 2002 with the corrections. Adopted by the following vote: Unanimously. The Secretary reported: 0 new member(s) 0 reinstatement(s), 0 refund(s), 0 transfers, 1 retired. Total active membership: 519. Refunds made since the last regular meeting amounted to 0. Retirement allowances paid for the month of October 2002 amounted $939,907.15. Plus, $39,359.85 in retro pay on the new rates for the suriovorship tables. 0 death. Total retirement checks printed for the ERS System: 660. Domestic relations order received: 0. Domestic relations orders pending: 2. Eligible domestic relations orders certified: 0. It was moved by Trustee Brodie and supported by Trustee Antekeier to approve the following Regular Age and Service Retirements: Request for Regular Age and Service Retirement Jeff Spagnuolo, Public Service Department, 28 years 2 month service credits, age 50 years, effective November 04, 2002. Terri Atkinson, Parks / Zoo Department, 21 years 5 month service credits, age 47 years, effective November 23, 2002. Regular Meeting Council Conference Room 10th Floor City Hall Lansing, MI November 21, 2002 Thursday, 8:30 a.m. James Crosby, Parks & Rec Department, 28 years 10month service credits, age 60 years, effective November 05, 2002. Toni Glasscoe, O & M, Public Service Department, 18 years 3 month service credits age 49 years, effective November 06, 2002. William Edwards, O & M, Public Service Department, 26 years 1 month service credits, age 50 years, effective December 14, 2002. Adopted by the following vote: Unanimously It was moved by Trustee Rhode and supported by Trustee Piloske to table Mr. Rubleys request for retirement. Adopted by the following vote: Unanimously It was moved by Trustee Brodie and supported by Trustee Bommarito to excuse Trustee Hollister and Rossi. It was Approved Unanimously. Trustee Bommarito gave a update on the ADHOC Special Project Committee. It was moved by Trustee Benavides and supported by Trustee Brodie to pay half of the expense for the printing of the retirement open enrollment packet. It was moved by Trustee Rhode and supported by Truste Antekeier to adopt the minutes from the special meeting on October 29, 2002. It was Approved Unanimously. Trustee Rubley gave the investment report for September, 2002. The meeting adjourned at 9:50 a Minutes approved on Robert Swanson, Secretary Employees' Retirement System Douglas Rubley, Chairperson OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING EMPLOYEES' RETIREMENT SYSTEM Regular Meeting December 19, 2002 Council Conference Room Thursday, 8:30 a.m. 10th Floor City Hall Lansing, MI The Board met in regular session and was called to order at 8:42. Present: Antekeier, Benavides, Brodie, Piloske, Rhode, Rubley - 6 Absent: Bommarito, Hollister, Rossi- 3 Others: Gary Gustafson, and Robert Swanson, Finance Department, Jack Roberts, Law Department. It was moved by Trustee Antekeier, and supported by Trustee Rhode to approve the minutes of the regular meeting of November 21, 2002. Adopted by the following vote: Unanimously. The Secretary reported: 0 new member(s) 0 reinstatement(s), 0 refund(s), 0 transfers, 5 retired. Total active membership: 514. Refunds made since the last regular meeting amounted to 0. Retirement allowances paid for the month of November 2002 amounted $950,324.32. 0 death. Total retirement checks printed for the ERS System: 666. Domestic relations order received: 0. Domestic relations orders pending: 2. Eligible domestic relations orders certified: 0. It was moved by Trustee Benavides and supported by Trustee Antekeier to approve the following Regular Age and Service Retirements: Luisa Diaz, District Court, 12 years 7 month service credits, age 65 years, effective December 03, 2002. Ann Boyer, Public Service Department, 19 years 5 month service credits, age 52 years, effective January 06, 2003. Jeffrey Smith, Public Department, 28 years 10month service credits, age 50 years, effective January 03, 2003. Regular Meeting Council Conference Room 10th Floor City Hall Lansing, MI December 19, 2002 Thursday, 8:30 a.m. Terry Lee Michitsch , Police Technician, Police Department, 31 years service credits, age 55 years, effective January 06, 2003. Adopted by the following vote: Unanimously It was moved by Trustee Rhode and supported by Trustee Brode to excuse Trustee Bommarito, Hollister and Rossi. It was Approved Unanimously. It was moved byTrustee Brodie and supported by Trustee Benavides to have Doug Rubley remain as Chairperson. Adopted by the following vote: Unanimously. It was supported by Trustee Rhode and supported by Trustee Antekeier to have John Broidie remain as Vice Chairperson. Adopted by the following vote: Unanimously. Trustee Rubley gave the investment report for November, 2002. Minutes approved on Douglas Rubley, Chairperson The meeting adjourned at 9:29 a.m. & I 1- Robert Swanson, Secretary Employees' Retirement System