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HomeMy WebLinkAbout1999 mins Police and Fire Retirement System FINAL OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting December 14, 1999 Council Chambers Tuesday, 8:30 a.m. 10th Floor City Hall Lansing, MI r. The Board met in regular session and was called to order at 8:43 a.m. c ca , Present: Trustees Cochran, Johnson, Lankheet, Luzynski, Rhode. 7., Absent: Adado, Hollister, Holliday ; Others: Gary Gustafson, Bob Swanson Finance Department It was moved by Trustee Lankheet supported by Trustee Cochran to approve the minutes of the regular meeting of November 9, 1999. Adopted by the following vote: Unanimously. The Secretary reported: 8 new member(s) 0 reinstatement(s), 1 refund(s) 0 transfers and 2 retired. Total active membership: 568. Refunds made since the last regular meeting amounted to: $11,517.81. Retirement allowances paid for the month of November, 1999 amounted to $1,200,570.01. Total retirement checks printed for the P&F System: 550. Total retirement checks printed for all three systems: 1,169. Domestic relations orders received: 0. Domestic relations orders pending: 0. Eligible domestic relations orders certified: 0. It was moved by Trustee Lankheet and supported by Trustee Cochran to approve the application for Regular Age & Service Retirement for Richard A. Gleason, Police Department, with 26 years service credits, age 47 years, effective December 31, 1999. Yeas: Cochran, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Cochran and supported by Trustee Lankheet to approve the application for Regular Age & Service Retirement for William E. Fercho, Fire Department, with 25 years service credits, age 45 years, effective January 19, 2000. Yeas: Cochran, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Cochran and supported by Trustee Lankheet to approve the application for Regular Age & Service Retirement for Timothy E. Parks, Fire Department, with 25 years service credits, age 46 years, effective January 20, 2000. Yeas: Cochran, Johnson, Lankheet, Luzynski, Rhode Nays: None Police & Fire Retirement Board Regular Meeting of December 14, 1999 page 2 It was moved by Trustee Cochran and supported by Trustee Lankheet to table the request for a Duty Disability Retirement for Luis O. Gomez Jr., Fire Department, until the sub-committee reviews the standards. Adopted by the following vote: Unanimously. It was moved by Trustee Lankheet and supported by Trustee Cochran to excuse Trustees Adado, Holliday, and Hollister. It was approved unanimously. Trustee Cochran agreed to replace Trustee Luzynski on the sub-committee for Duty Disability Policy. It was decided to ask our Law Department to draft a letter to Dave Wilson regarding the David Stacey case. It was moved by Trustee Rhode and supported by Trustee Cochran to approve the selection of Forstmann Leff (Growth Manager) and Ariel Capital (Value Manager) as Small to Mid Cap Managers with 5% of the Police and Fire Fund to be invested with each firm. Trustees Lankheet and Luzynski agreed to be the committee members from the Police and Fire Board for the Pension Seminar. It was moved by Trustee Cochran and supported by Trustee Lankheet to keep Trustee Luzynski as Chair and Trustee Lankheet as Vice Chair for 2000, the same as 1999. Yeas: Cochran, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Cochran and supported by Trustee Lankheet to approve the Meeting Dates for 2000. It was approved unanimously. Bob Swanson presented the investment report for October. The meet' g adjourn at 9:30 a.m. Minu approve n 0`-/g 00 Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luz ski, dWair son OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting November 9, 1999 Council Chambers Tuesday, 8:30 a.m. 10th Floor City Hall Lansing, MI The Board met in regular session and was called to order at 8:30 a.m. Present: Trustees Adado, Cochran, Holliday, Hollister, Johnson, Lankheet, Luzynski, Rhode. Absent: None Others: Gary Gustafson, Doug Rubley, Bob Swanson Finance Department; Jack Jordan, Law Department; Tom King, Fraternal Order Police. It was moved by Trustee Adado supported by Trustee Hollister to approve the minutes of the regular meeting of October 19, 1999. Adopted by the following vote: Unanimously. The Secretary reported: 0 new member(s) 0 reinstatement(s), 0 refund(s) 0 transfers and 2 retired. Total active membership: 562. Refunds made since the last regular meeting amounted to: 0. Retirement allowances paid for the month of October, 1999 amounted to $1,186,323.30. Total retirement checks printed for the P&F System: 548. Total retirement checks printed for all three systems: 1,165. Domestic relations orders received: 0. Domestic relations orders pending: 0. Eligible domestic relations orders certified: 0. It was moved by Trustee Lankheet and supported by Trustee Cochran to approve the application for Regular Age & Service Retirement for Richard F. Cook, Police Department, with 25 years 4 months service credits, age 46 years, effective November 20, 1999. Yeas: Adado, Cochran, Holliday, Hollister, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Adado and supported by Trustee Cochran to refer Luis O. Gomez Jr. (Fire) to Dr. Chiodo for a Duty Disability Medical Evaluation and to have the Sub-Committee coordinate the process. Yeas: Adado, Cochran, Holliday, Hollister, Johnson, Lankheet, Luzynski, Rhode Nays: None «- , '1 r �- cD Police & Fire Retirement Board Regular Meeting of November 9, 1999 page 2 It was moved by Trustee Lankheet and supported by Trustee Hollister to Deny the Duty Disability Request for David Stacey for Hypertension. Yeas: Cochran, Hollister, Johnson, Lankheet, Luzynski, Rhode Nays: Adado, Holliday It was moved by Trustee Adado and supported by Trustee Cochran to go into executive closed session to discuss The David Stacey Duty Disability Retirement request and procedures to process these requests at 8:45 a. m. Yeas: Adado, Cochran, Hollister, Johnson, Lankheet, Luzynski, Rhode Nays: Holliday. It was moved by Trustee Adado and supported by Trustee Cochran to come out of executive session at 9:15. Yeas: Adado, Cochran, Holliday, Hollister, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Lankheet and supported by Trustee Hollister to approve the application for Non Duty Disability for David Stacey submitted by Police Chief Johnson and supported by Medical Director Dr. Chiodo. Yeas: Adado, Cochran, Hollister, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Holliday and supported by Trustee Cochran to approve the request for accumulated Contributions for John Selleck. Yeas: Adado, Cochran, Holliday, Hollister, Johnson, Lankheet, Luzynski, Rhode Nays: None It is noted that James Bashore Converted from Duty Disability to Regular Age and Service Retirement as he turned 55 years of age. The Investment Report for October was not given due to early meeting. The meeting Tdjourned at 9:45 a.m. Min a .approved.on 12- Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, Ch rp rson V CITY OF LANSING POLICE & FIRE and ERS RETIREMENT_,�YS12 fTEM AGENDA LA""S'[�fG CITY CLERK Joint Meeting November 18, 1999 Council Conference Room Thursday, 9:30 a.m. 10th Floor City Hall Lansing, MI 1. Call to Order. 2. 9:30 a.m. - Performance Results for 3nd. Quarter - Asset Consulting Group Canceled Rescheduled Dec . 2 , 1999 OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting October 19, 1999 Council Chambers Tuesday,,8:30 a.m. 10th Floor City Hall Lansing, MI ;; The Board met in regular session and was called to order at 8:34 a.m. =< ram- Present: Trustees Adado, Johnson, Lankheet, Luzynski, Rhode, - 5 -' Absent: Cochran, Hollister, Holliday Others: Gary Gustafson, Doug Rubley, Bob Swanson Finance Department; Jack Jordan, Law Department; Sheila Ide, Personnel Department, Helen Perry-Buse, Police Department It was moved by Trustee Johnson supported by Trustee Lankheet to approve the minutes of the regular meeting of August 17, 1999. Adopted by the following vote: Unanimously. The Secretary reported: 10 new member(s) 0 reinstatement(s), 0 refund(s) 0 transfers and 0 retired. Total active membership: 564. Refunds made since the last regular meeting amounted to: 0. Retirement allowances paid for the month of September, 1999 amounted to $1,182,329.46. Total retirement checks printed for the P&F System: 546. Total retirement checks printed for all three systems: 1,164. Domestic relations orders received: 0. Domestic relations orders pending: 0. Eligible domestic relations orders certified: 0. It was moved by Trustee Lankheet and supported by Trustee Johnson to approve the application for Regular Age & Service Retirement for John Lance, Fire Department, with 25 years service credits,age 50 years, effective October 15, 1999. Yeas: Adado, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Lankheet and supported by Trustee Adado to approve the application for Duty Disability Retirem nt for James Bashore, Fie Department, per the recommendation of the Medical Director �e �, j /8. ,5.�. Yeas: Adado, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Adado and supported by Trustee Johnson to send Daniel Stebbins (Fire) to Dr. Chiodo for a Non Duty Disability Medical Evaluation. Mr. Stebbins made this request while on active duty. Police & Fire Retirement Board Regular Meeting of October 19, 1999 page 2 Adopted by the following vote: Unanimously. Paul Luzynski and Doug Rubley reported on their meeting with Dr. Chiodo and also discussed some fee revisions. It was moved by Trustee Adado supported by Trustee Lankheet to set up a sub-committee to review Disability Requests. Trustees Lankheet, Luzynski, and Rhode volunteered to be on sub- committee. Yeas: Adado, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Adado supported by Trustee Lankheet to go into executive closed session to discuss The David Stacey Disability Retirement request at 9:35a.m. Yeas: Adado, Johnson, Lankheet, Luzynski, Rhode Nays: None The board reconvened at 10:10a.m. It was moved by Trustee Adado supported by Trustee Lankheet to refer the Stacey and Stebbins Disability Requests to the sub-committee and for them to take appropriate action in getting them processed. Adopted by the following vote: Unanimously It was moved by Trustee Adado and supported by Trustee Lankheet to excuse Trustees Cochran, Hollister, and Holliday. It was approved unanimously. It was moved by Trustee Adado and supported by Trustee Lankheet to refer to the Investment sub-committee the Cap-Rock Letter. It was approved unanimously. It was moved by Trustee Lankheet and supported by Trustee Adado to renew the contract with Gabriel, Roeder, Smith & Company. Yeas: Adado, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Rhode and supported by Trustee Adado to pay one half of Jack Jordan's conference fees to California. ;WW' .�, ;� �o 4 It was approved unanimously. moo' �S Doug Rubley presented the investment reports for August and September. Police & Fire Retirement Board Regular Meeting of October 19, 1999 page 3 The meeting adjourned t 10:24 a.m. I,V`all Minutes approved on �� �- �99� Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, Ch6ir on 12. Public Comments for items not on the Agenda. 13. Pending (Items): a. Informational Brochure b. Pension Seminar c. Prefunding of Health 14. Investment Report. Cancelled No quorum CITY OF LANSING POLICE AND FIRE RETIREMENT SYST, AGENDA LA14SI 'G CITY CLERK Regular Meeting September 21, 1999 Council Conference Room Tuesday, 8:30 a.m. 10th Floor City Hall Lansing, MI 1. Call to Order. 2. Roll Call - Trustees Adado, Cochran, Hollister, Holliday, Johnson, Lankheet, Luzynski, Rhode - 8. 3. Reading of the Minutes of the Regular Meeting of August 17, 1999. 4. Public Comments for Items on the Agenda. 5. Secretary's Report. 1 new member(s) 0 reinstatement(s), 0 refund(s) 0 transfers and 0 retired. Total active membership: 555. Refunds made since the last regular meeting amounted to: $0. Retirement allowances paid for the month of August 1999 amounted to $1,179,505.84. Total retirement checks printed for the P&F System: 546. Total retirement checks printed for systems: 1,163. Domestic relations orders received: 0. Domestic relations orders pending: 0. Eligible domestic relations orders certified: 0. 6. Application for Regular Age & Service Retirement for: John Lance, Fire Department, 25 years service credits, age 50 years, effective October 15,1999. 7. Request for Duty Disability Retirement: a. James Bashore, Fire Department 8. Executive Session for David Stacey Disability Request. 9. Excusing of Board Members. 10. Training and Education. 11. Other Business. a. Gabriel, Roeder, Smith & Company Contract OFFICIAL PROCEEDINGS OF THE.-BOARD OF TRUSTEES CITY OF LANING; :; ; : 1, 3 POLICE & FIRE RETIF�'M N ; cP ,�,�TEM Regular Meeting August 17, 1999 Council Chambers Tuesday, 8:30 a.m. 10th Floor City Hall Lansing, MI The Board met in regular session and was called to order at 8:35 a.m. Present: Trustees Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode, - 6 Absent: Adado, Hollister Others: Gary Gustafson, Doug Rubley, Bob Swanson Finance Department; Margo Vroman, Law Department. It was moved by Trustee Luzynski supported by Trustee Lankheet to approve the minutes of the regular meeting of July, 20 1999. Adopted by the following vote: Unanimously. The Secretary reported: 0 new member(s) 0 reinstatement(s), 1 refund(s) 0 transfers and 6 retired. Total active membership: 554. Refunds made since the last regular meeting amounted to: 0. Retirement allowances paid for the month of July, 1999 amounted to $1,179,085.89. Total retirement checks printed for the P&F System: 546. Total retirement checks printed for all three systems: 1,161. Domestic relations orders received: 0. Domestic relations orders pending: 1. Eligible domestic relations orders certified: 0. It was moved by Trustee Cochran and supported by Trustee Holliday to approve the application for Duty Disability Retirement for Larry Houghton, Fire Department, per the recommendation of the Medical Director. Yeas: Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Lankheet and supported by Trustee Holliday to approve the application for Duty Disability Retirement for Manuel Little, Police Department, per the recommendation of the Medical Director. Yeas: Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Lankheet and supported by Trustee Cochran to send James Bashore (Fire) to Dr. Chiodo for a Duty Disability Medical Evaluation. Adopted by the following vote: Unanimously. Police & Fire Retirement Board Regular Meeting of August 17, 1999 page 2 After a discussion regarding David Stacey's Duty Disability Request including a conference call with Dr. Chiodo, it was moved by Trustee Holliday and supported by Trustee Lankheet to defer until next month. Adopted by the following vote: Unanimously. It was moved by Trustee Cochran and supported by Trustee Lankheet to excuse Trustees Adado and Hollister. It was approved unanimously. Doug Rubley presented the investment report for July. The meeUng adj urn d at 10:07 a.m. Minute approved on X2_�9_�q Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, Chai a on OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM =: =' l Regular Meeting July 20 i99� Council Chambers Tuesdaj. ,8:`k a rn. 10th Floor City Hall r' Lansing, MI The Board met in regular session and was called to order at 8:35 a.m. Present: Trustees Adado, Holliday, Johnson, Lankheet, Luzynski, Rhode, - 6 Absent: Cochran, Hollister Others: Gary Gustafson, Doug Rubley, Bob Swanson Finance Department; Jack Jordan, Law Department. It was moved by Trustee Adado supported by Trustee Lankheet to approve the minutes of the regular meeting of June 15, 1999. Adopted by the following vote: Unanimously. The Secretary reported: 1 new member(s) 0 reinstatement(s), 0 refund(s) 0 transfers and 1 retired. Total active membership: 561. Refunds made since the last regular meeting amounted to: 0. Retirement allowances paid for the month of June, 1999 amounted to $1,157,856.60. Total retirement checks printed for the P&F System: 538. Total retirement checks printed for all three systems: 1,148. Domestic relations orders received: 0. Domestic relations orders pending: 1. Eligible domestic relations orders certified: 1. It was moved by Trustee Holliday and supported by Trustee Lankheet to approve the application for regular age & service retirement for Michael Hellum, Fire Department, with 25 years and 3 months service credits, age 51 years, effective July 17, 1999. Yeas: Adado, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Holliday and supported by Trustee Adado to send Larry Houghton (Fire) and Manuel Little (Police) to Dr. Chiodo for a Duty Disability Medical Evaluation. Adopted by the following vote: Unanimously. It was moved by Trustee Adado and supported by Trustee Johnson to approve the request for Accumulated Contributions for August Effman. Yeas: Adado, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None Police & Fire Retirement Board Regular Meeting of July 20, 1999 page 2 It was moved by Trustee Lankheet and supported by Trustee Eon to excuse Trustees Cochran and Hollister. It was approved unanimously. It was moved by Trustee Rhode and supported by Trustee Adado to allow the Asset Allocation Investment Sub-Committee the authority to review bids and bring back recommendations to the board for approval. Yeas: Adado, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Adado and supported by Trustee Lankheet to rescind the current EDRO Policy. Adopted by the following vote : Unanimously. It was moved by Trustee Adado and supported by Trustee Lankheet to approve the new EDRO Forms and to have pre-pay by the employees who want EDRO Certification by the Actuary. Yeas: Adado, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None Trustee Adado and Trustee Luzynski were appointed representatives of the Police & Fire Board to meet with representatives of the other boards regarding a Pension Seminar. Doug Rubley presented the investment report for June. The meeting adjourned at 9:54 a.m. Minutes approved on �? 17 / Robert W. Swanson, Secretary olice & Fire Retirement System Paul Luzynski, ChAip6erson OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting June 15, 1999 Council Chambers Tuesday, 8:30 a.m. 10th Floor City Hall Lansing, MI The Board met in regular session and was called to order at 8:35 a.m. Present: Trustees Adado, Cochran, Holliday, Lankheet, Luzynski, Rhode, - 6 Absent: Hollister, Johnson Others: Gary Gustafson, Doug Rubley, Finance Department; Amy Fraser, Sharon Bommarito, Personnel Department. It was moved by Trustee Cochran supported by Trustee Lankheet to approve the minutes of the regular meeting of May 11, 1999. Adopted by the following vote: Unanimously. The Secretary reported: 0 new member(s) 0 reinstatement(s), 0 refund(s) 0 transfers and 1 retired. Total active membership: 561. Refunds made since the last regular meeting amounted to: 0. Retirement allowances paid for the month of May, 1999 amounted to $1,155,609.68. Total retirement checks printed for the P&F System: 537. Total retirement checks printed for all three systems: 1,147. Domestic relations orders received: 0. Domestic relations orders pending: 2. Eligible domestic relations orders certified: 0. It was moved by Trustee Cochran and supported by Trustee Lankheet to approve the application for regular age & service retirement for Jack Burris, Fire Department, with 26 years and 3 months service credits, age 49 years, effective June 2, 1999. Yeas: Adado, Cochran, Holliday, Lankheet, Luzynski, Rhode Nays: None Trustee Luzynski suggested that the following applications for Regular Age & Service Retirements be voted on together. Agreed upon unanimously. Joseph Droste, Fire Department, 25 years 5 months service credits, age 46 years , effective July 1, 1999. Mark Geller, Police Department, 25 years service credits, age 48 years, : effective July 15, 1999. 1 _ C-D i :7 C-,:) �f f.+1 7 � r; Police & Fire Retirement Board Regular Meeting of June 15, 1999 page 2 William Burtch, Police Department, 25 years service credits, age 45 years, effective July 15, 1999. Larry Thelen, Police Department, 25 years service credits, age 46 years, effective July 15, 1999. John Hersman, Police Department, 25 years service credits, age 49 years, effective July 15, 1999. It was moved by Trustee Cochran and supported by Trustee Lankheet to approve the above applications for Regular Age and Service Retirements. Yeas: Adado, Cochran, Holliday, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Holliday and supported by Trustee Rhode to send David Stacey to Dr. Chiodo for a second medical evaluation. Adopted by the following vote: Unanimously. It was moved by Trustee Holliday and supported by Trustee Cochran to excuse Trustees Hollister and Johnson.. It was approved unanimously. It was moved by Trustee Rhode and supported by Trustee Lankheet to approve sending two people to the Guns and Hoses Conference. It was approved unanimously. A Sub-committee was set-up consisting of Trustees: Cochran, Holliday, Luzynski, Rhode along with Mr. Rubley to study our Asset Allocation Investment Policy. Doug Rubley presented the investment report for May. The mee ' adj' urne at 9:35 a.m. 14 Min" approved on �ZD �� Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, Cliairp s OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting May 11, 1999 Council Chambers Tuesday, 8:30 a.m. 10th Floor City Hall Lansing, MI The Board met in regular session and was called to order at 8:40 a.m. Present: Trustees Hollister, Johnson, Lankheet, Luzynski, Rhode, - 5 Absent: Adado, Cochran, Holliday -; E Others: Gary Gustafson, Doug Rubley, Bob Swanson, Finance Department; Eck Jordan, Law Department. It was moved by Trustee Hollister supported by Trustee Johnson to approve the minutes of the regular meeting of April 20, 1999 as amended. Adopted by the following vote: Unanimously. It was moved by Trustee Rhode supported by Trustee Lankheet to approve the minutes of the Executive Session. Adopted by the following vote: Unanimously. The Secretary reported: 0 new member(s) 0 reinstatement(s), 0 refund(s) 0 transfers and 2 retired. Total active membership: 562. Refunds made since the last regular meeting amounted to: 0. Retirement allowances paid for the month of April, 1999 amounted to $1,145,190.92. Total retirement checks printed for the P&F System: 536. Total retirement checks printed for all three systems: 1,145. Domestic relations orders received: 0. Domestic relations orders pending: 2. Eligible domestic relations orders certified: 0. It was moved by Trustee Hollister and supported by Trustee Johnson to excuse Trustees Adado, Cochran, Holliday. It was approved unanimously. It was moved by Trustee Hollister and supported by Trustee Lankheet to note the request of Daniel Troy for a Deferred Retirement. It was approved unanimously. Mr. Rubley did not give the investment report for April as the information was not yet available. Police & Fire Retirement Board Regular Meeting of May 11, 1999 page 2 The meet Ln g adjourne at 9:17 a.m. Minutes approved only Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzyriski, Chair646on OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting April 20, 1999 Council Chambers Tuesi �y,.y8,:30 a.m. 10th Floor City Hall Lansing, MI The Board met in regular session and was called to order at 8:40 a.m. r7i 70 Present: Trustees Adado, Cochran, Hollister, Holliday, Johnson, Lankheet, Luzynski, Rhode, - 8 Absent: None Others: Gary Gustafson, Doug Rubley, Bob Swanson, Finance Department; Jack Jordan, James Smiertka, Law Department ; Dr. Chiodo, Medical Director. It was moved by Trustee Cochran supported by Trustee Rhode to approve the minutes of the regular meeting of March 16, 1999. Adopted by the following vote: Unanimously. The Secretary reported: 0 new member(s) 0 reinstatement(s), 0 refund(s) 0 transfers and 1 retired. Total active membership: 564. Refunds made since the last regular meeting amounted to: 0. Retirement allowances paid for the month of March, 1999 amounted to $1,137,480.17. Total retirement checks printed for the P&F System: 532. Total retirement checks printed for all three systems: 1,145. Domestic relations orders received: 0. Domestic relations orders pending: 2. Eligible domestic relations orders certified: 0. It was moved by Trustee Lankheet and supported by Trustee Holliday to approve the application for regular age & service retirement for Owen Deatrick, Police Department, with 26 years and 5 months service credits, age 47 years, effective April 16, 1999. Yeas: , Cochran, Hollister, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Hollister and supported by Trustee Lankheet to approve the application for regular age & service retirement for Michael Gurecki, Fire Department, with 26 years and 1 month service credits, age 50 years, effective April 1, 1999. Yeas: Cochran, Hollister, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Lankheet and supported by Trustee Holliday to approve the application for regular age & service retirement for Stephen R. Naert, Police Department, with 25 years and 2 months service credits, age 46 years, effective May 1, 1999. Police & Fire Retirement Board Regular Meeting of April 20, 1999 page 2 Yeas: Cochran, Hollister, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Rhode and supported by Trustee Lankheet to approve one half of the cost (split with ERS Board) to send Jack Jordan to Washington D.C. to speak at a conference. Approval is contingent upon ERS Board paying for other one half. Adopted by the following vote: Unanimously It was moved by Trustee Rhode and supported by Trustee Lankheet to send Ronald Hansen to Dr. Chiodo for a medical evaluation. Adopted by the following vote: Unanimously. It was moved by Trustee Lankheet and supported by Trustee Cochran to approve a Duty Disability Retirement for Ronald Hansen per the medical evaluation. Yeas: Cochran, Hollister, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Holliday and supported by Trustee Cochran to go into executive closed session at 9:25 a.m. to review the confidential medical records of David L. Stacey, Police Department, and Sheryl Norton, Fire Department. Yeas: Cochran, Hollister, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Lankheet and supported by Trustee Cochran to exempt Jack Jordan, Dr. Chiodo, and Bob Swanson from leaving. Adopted by the following vote: Unanimously Trustee Adado joined the executive session and Trustee Hollister left. The Board reconvened at 10:35 a.m. It was moved by Trustee Lankheet and supported by Trustee Cochran to deny a Duty Disability Retirement for David L. Stacey per the recommendation of the Medical Director Yeas: Adado, Cochran, Holliday, Johnson, Lankheet, Luzynski Rhode Nays: None It was moved by Trustee Cochran and supported by Trustee Adado to deny a Duty Disability Retirement for Sheryl Norton. Yeas: Adado, Cochran, Holliday, ?oW-wh Nays: Je4q , Lankheet, Luzynski, Rhode It was moved by Trustee Adado and supported by Trustee Rhode to reconsider Sheryl Norton decision. Adopted by the following vote: Unanimously. Trustee Cochran withdrew his original motion. Police & Fire Retirement Board Regular Meeting of April 20, 1999 page 3 It was moved by Trustee Rhode and supported by Trustee Lankheet to approve a Duty Disability Retirement for Sheryl Norton Yeas: Adado, Johnson, Lankheet, Luzynski, Rhode Nays: Cochran, Holliday Doug Rubley presented the investment report for March. The meeting adjourned at 10.-55 a.m. 4 el Minute approved on /� /l1y Robert W. Swanson, Secretar y Police & Fire Retirement System Paul Luzynski, hair on CITY OF LANSING POLICE AND FIRE RETIREMENT SYSTEMrv�r'`-�''� ' AGENDA �1 G C(T'r' Regular Meeting April 20, 1999 Council Conference Room Tuesday, 8:30 a.m. 10th Floor City Hall Lansing, MI 1. Call to Order. 2. Roll Call - Trustees Adado, Cochran, Hollister, Holliday, Johnson, Lankheet, Luzynski, Rhode - 8. 3. Reading of the Minutes of the Regular Meeting of March 16, 1999. 4. Public Comments for Items on the Agenda. 5. Secretary's Report. 0 new member(s) 0 reinstatement(s), 0 refund(s) 0 transfers and 1 retired. Total active membership: 564. Refunds made since the last regular meeting amounted to: $0. Retirement allowances paid for the month of March 1999 amounted to $1,137,480.17. Total retirement checks printed for the P&F System: 532. Total retirement checks printed for systems: 1,145. Domestic relations orders received: 0. Domestic relations orders pending: 2. Eligible domestic relations orders certified: 0 6. Application for Regular Age & Service Retirement for: Owen Deatrick, Police Department, 26 years 5 months service credits, age 47 years, effective April 16, 1999. Michael Gurecki, Fire Department, 26 years 1 month service credits, age 50 years, effective April 1, 1999. Stephen R. Naert, Police Department, 25 years 2 months service credits, age 46 years, effective May 1,1999. 7. Conversion from Duty Disability to Regular Age & Service Retirement: None 8. Request for Refund of Accumulated Contribution for: None 9. Request for Duty Disability Retirement: a. David L. Stacey medical evaluation b. Ronald Hanson medical evaluation 10. Excusing of Board Members. 11. Training and Education. a. Mapers Conference 12. Other Business. 13. Public Comments for items not on the Agenda. 14. Pending (Items): a. Asset Allocation Investment Policy b. Standard EDRO Form c. Minute Manager d. Sheryl Norton medical evaluation 15. Investment Report OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting March 16, 1999 Council Conference Room Tuesday, 8:30 a.m. 10th Floor City Hall Lansing, MI The Board met in regular session and was called to order at 8:45 a.m. Present: Trustees Adado,Cochran, Johnson, Luzynski, Rhode, - 5 Absent: Trustees Hollister, Holliday, Lankheet Others: Gary Gustafson, Doug Rubley, Bob Swanson, Finance Operations; Jack Jordan, James Smiertka, Law Department ; Sheryl Norton, Fire Department It was moved by Trustee Cochran supported by Trustee Rhode to approve the minutes of the regular meeting of February 16, 1999, as amended. Adopted by the following vote: Unanimously. The Secretary reported: 0 new member(s) 0 reinstatement(s), 0 refund(s) 0 transfers and 3 retired. Total active membership: 565. Refunds made since the last regular meeting amounted to: 0. Retirement allowances paid for the month of February, 1999 amounted to $1,134,790.72. Total retirement checks printed for the P&F System: 531. Total retirement checks printed for all three systems: 1,141. Domestic relations orders received: 1. Domestic relations orders pending: 2. Eligible domestic relations orders certified: 0. It was moved by Trustee Cochran and supported by Trustee Adado to approve the application for regular age & service retirement for Gary A. Setla, Police Department, with 25 years and 8 months service credits, age 48 years, effective March 5, 1999. Yeas: Adado, Cochran, Johnson, Luzynski, Rhode Nays: None It was moved by Trustee Cochran and supported by Trustee Adado to have Dr. Chiodo come to next months Police & Fire Retirement Meeting in order to discuss the Duty Disability findings of Sheryl Norton. Yeas: Adado, Cochran, Johnson, Luzynski, Rhode ,_- Nays: None It was moved by Trustee Adado and supported by Trustee Cochran to excuse T r'ust"s Hollister, Holliday, and Lankheet. Approved by the following vote: Unanimously.`' Police & Fire Retirement Board Regular Meeting of March 16, 1999 page 2 Doug Rubley presented the investment report for February. The meet' adjourned at 9:35 a.m. Minutes approved on Robert W. Swanson, Secretary Police & Fire Retirement System aul Luzyn ki, Chair on OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting February 16, 1999 Council Conference Room Tuesday, 8:30 a.m. 10th Floor City Hall Lansing, MI The Board met in regular session and was called to order at 8:45 a.m. Present: Trustees Cochran, Hollister, Holliday, Johnson, Lankheet, Luzynski, Rhode, - 7 Absent: Trustees Adado Others: Gary Gustafson, Doug Rubley, Bob Swanson, Finance Operations; Jack Jordan, Law Department It was moved by Trustee Hollister supported by Trustee Cochran to approve the minutes of the regular meeting of January 19, 1999, as amended. Adopted by the following vote: Unanimously. The Secretary reported: 1 new member(s) 0 reinstatement(s), 0 refund(s) 0 transfers and 2 retired. Total active membership: 568. Refunds made since the last regular meeting amounted to: 0. Retirement allowances paid for the month of January, 1999 amounted to $1,125,816.23. Total retirement checks printed for the P&F System: 528. Total retirement checks printed for all three systems: 1,139. Domestic relations orders received: 1. Domestic relations orders pending: 1. Eligible domestic relations orders certified: 0. Trustee Luzynski suggested that the following applications for Regular Age & Service Retirements be voted on together. Agreed upon unanimously. Kevin B. West, Fire Department, 25 years service credits, age 46 years, effective February 4, 1999. Anthony L. King, Police Department, 25 years 5 months service credits, age 52 years, effective February 19, 1999. It was moved by Trustee Lankheet and supported by Trustee Hollister to appro\i6 the:above applications for regular age & service retirements. f Yeas: Cochran, Hollister, Johnson, Lankheet, Luzynski, Rhode Nays: None Police & Fire Retirement Board Regular Meeting of February 16, 1999 page 2 Jack Jordan gave a preliminary report and provided a draft memorandum on the status of Chief Johnson's membership in the Police & Fire Retirement System. Pursuant to the charter and ordinance, Chief Johnson is a member of the Retirement System, but attorney Jordan emphasized that the Board has the Final Authority on this subject. It was moved by Trustee Hollister and supported by Trustee Cochran to refer David L. Stacey to Dr. Chiodo for an evaluation on his Duty Disability Request. It was approved unanimously. It was moved by Trustee Cochran and supported by Trustee Lankheet to excuse Trustees Adado. Approved by the following vote: Unanimously. It was moved by Trustee Lankheet and supported by Trustee Hollister to approve the Asset Consultants Redistribution Recommendations as Amended. Yeas: Cochran, Hollister, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Cochran and supported by Trustee Lankheet to approve the Lincoln Investment Letter allocating 50-50 split to our international fund managers. It was approved unanimously. The Board recessed at 9:28 and reconvened at 11:20. It was moved by Trustee Cochran and supported by Trustee Johnson to keep Trustee Luzynski as Chair and Trustee Lankheet as Vice chair for 1999 the same as 1998. It was approved unanimously. The meet' djourne at 11:25 a.m. 0 Minutes approved on - -9 Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, Chair r n CITY OF LANSING POLICE & FIRE and ERS RETIREMENT SYSTEM MINUTES Joint Meeting February 16, 1999 8th Floor Conference Room Tuesday, 9:30 a.m. City Hall Lansing, MI Present: Trustees Antekeier, Bommarito, Brodie, Rubley - ERS - Trustees Holliday, Johnson, Lankheet, Luzynski - P & F Absent: Trustees Adado, Hollister, Rhode, Rossi - ERS - Trustees Adado, Cochran, Hollister, Rhode, - P & F Others: Jack Jordan, Law Department: Asset Consulting gave the quarterly performance review for quarter ended December 31,1998. Harbor Capital Management reviewed their performance for the past year and their projections for 1999. r-- c7 r•� • OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting January 19, 1999 Council Conference Room Tuesday, 8:30 a.m. 10th Floor City Hall Lansing, MI The Board met in regular session and was called to order at 8:38 a.m. Present: Trustees Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode, - b Absent: Trustees Adado, Hollister Others: Gary Gustafson, Doug Rubley, Finance Operations; Jack Jordan, Law Department It was moved by Trustee Holliday supported by Trustee Rhode to approve the minutes of the regular meeting of December 15, 1998. Adopted by the following vote: Unanimously. The Secretary reported: 4 new member(s) 0 reinstaternent(s), 1 refund(s) 0 transfers and 0 retired. Total active membership: 569. Refunds made since the last regular meeting amounted to: $1,532.34. Retirement allowances paid for the month of December, 1998 amounted to $1,113,150.20. Total retirement checks printed for the P&F System: 526. Total retirement checks printed for all three systems: 1,135. Domestic relations orders received: 0. Domestic relations orders pending: 1. Eligible domestic relations orders certified: 0. It was moved by Trustee Cochran and supported by Trustee Lankheet to approve the application for regular age & service retirement for Timothy R. Dell, Fire Department, with 25 years service credits, age 48 years, effective February 1, 1999. Yeas: Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Cochran and supported by Trustee Lankheet to approve the application for Duty Disability for Terease Ryder, Fire Department, effective January 20,1999. Yeas: Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Cochran supported by Trustee Holliday to excuse Trus#6es\--) Adado and Hollister. Approved by the following vote: Unanimously. `= CS Police & Fire Retirement Board Regular Meeting of January 19, 1999 page 2 It was moved by Trustee Rhode supported by Trustee Holliday to purchase a three year subscription to Benefits Quarterly. Approved by the following vote: Unanimously. The meetina adjourned at 9:28 a.m. Minutes approved on 2/61, Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, hair a on