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HomeMy WebLinkAbout2000 mins Police and Fire Retirementt System FINAL OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting December 19, 2000 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 Adado, Cochran, Johnson, Lankheet, Luzynski, Rhode. Absent: Trustee Hollister, Holliday Others: Gary Gustafson, Doug Rubley, Bob Swanson Finance Department; Jack Jordan, Law Department. It was moved by Trustee Adado supported by Trustee Cochran to approve the minutes of the regular meeting of November 21, 2000. 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: 570. Refunds made since the last regular meeting amounted to $ 0. Retirement allowances paid for the month of November, 2000 amounted to $1,257,727.83. One death. Total retirement checks printed for the P&F System: 560. Total retirement checks printed for all three systems: 1,184. 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 Duty Disability Retirement for Frank Lain, Fire Department . Yeas: Adado, Cochran, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Adado and supported by Trustee Lankheet to excuse Trustees Hollister and Holliday. It was approved unanimously. It was moved by Trustee Lankheet and supported by Trustee Cochran to approve N the meetings dates for year 2001 as posted. It was approved unanimously. It was moved by Trustee Cochran and supported by Trustee Adado to keep Trustee Luzynski and Trustee Lankheet as Chair and Vice-Chair for year 2001. It was approved unanimously. Police & Fire Retirement Board Regular Meeting of December 19, 2000 page 2 Jack Jordan gave an opinion that the board had the right to invest in high yield bonds per MCL38.1132. (Public Employees Retirement System Investment Act) It was moved by Trustee Lankheet and supported by Trustee Cochran to transfer four million dollars to Loomis Sales for high yield bonds. Adopted Unanimously. Mr. Rubley gave the investment report for November. The mee in ad urn d at 11:16 a.m. Minu ppr ved n ��— �� —� Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, Chair on OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting November 21, 2000 Council Conference Room Tuesday, 10:00 a.m. 10th Floor City Hall Lansing, MI ; r UD The Board met in regular session and was called to order at 10:53 a.m. - Present: Trustees Adado, Cochran, Holliday, Lankheet, Luzynski, Rhode. o Absent: Trustee Hollister, Johnson Others: Gary Gustafson, Doug Rubley, Bob Swanson Finance Department; Jack Jordan, Law Department. It was moved by Trustee Holliday supported by Trustee Cochran to approve the minutes of the regular meeting of October 17, 2000. Adopted by the following vote: Unanimously. The Secretary reported: 0 new member(s) 0 reinstatement(s), 0 refund(s) 0 transfers, 3 retired. Total active membership: 571. Refunds made since the last regular meeting amounted to $ 0. Retirement allowances paid for the month of October, 2000 amounted to $1,257,277.96. One death. Total retirement checks printed for the P&F System: 561. Total retirement checks printed for all three systems: 1,185. Domestic relations orders received: 0. Domestic relations orders pending: 1. Eligible domestic relations orders certified: 0. It was moved by Trustee Lankheet and supported by Trustee Holliday to approve the application for Regular Age and Service Retirement for David Prentler, Police Department with 25 years service credits, age 46 years, effective November 25, 2000. Yeas: Adado, Cochran, Holliday, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Lankheet and supported by trustee Rhode to refuse Francine Mastrovito request for a Duty Disability Retirement in conjunction with the Medical Directors Report. Yeas: Adado, Cochran, Holliday, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Cochran and supported by Trustee Adado to excuse Trustees Hollister and Johnson. It was approved unanimously. Police & Fire Retirement Board Regular Meeting of November 21, 2000 page 2 It was moved by Trustee Lankheet and supported by Trustee Cochran to transfer $13,967,111 from the Reserve for Employers Contributions to the Reserve for Retired Benefit Payments. It was approved unanimously. The Investment Report was not given as Mr. Rubley's computer was down. The meetin adjourned t 11:16 a.m. Minut approved on CZ `l r/- 0 Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, C air ion OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting October 17, 2000 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 8:33 a.m. Present: Trustees Adado, Cochran, Holliday, Lankheet, Luzynski, Rhode. Absent: Trustee Hollister, Johnson Others: Gary Gustafson, Bob Swanson Finance Department-, Jack Jordan, Law Department. It was moved by Trustee Adado supported by Trustee Cochran to approve the minutes of the regular meeting of September 19, 2000. Adopted by the following vote: Unanimously. The Secretary reported: 0 new member(s) 0 reinstatement(s), 0 refund(s) 0 transfers, 0 retired. Total active membership: 574. Refunds made since the last regular meeting amounted to $ 0. Retirement allowances paid for the month of September, 2000 amounted to $1,246,544.63. Total retirement checks printed for the P&F System: 558. Total retirement checks printed for all three systems: 1,179. 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 excuse Trustees Hollister and Johnson. It was approved unanimously. It was moved by Trustee Cochran and supported by Trustee Adado to approve the Fee Structure for Gabriel, Roeder, Smith & Company. Yeas: Adado, Cochran, Holliday, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Adado and supported by Trustee Cochran to approve the Draft Proposal on a Credit Card Policy submitted by Trustee Luzynski. Yeas: Adado, Cochran, Holliday, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Adado and supported by Trustee Cochran to limit expenses for the International Conference only as to reasonable and necessary as approved by Police & Fire Retirement Board Regular Meeting of October 17, 2000 page 2 the chair. Also to adopt the Federal income tax guidelines for per diem. Yeas: Adado, Cochran, Holliday, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Rhode and supported by Trustee Adado to send Jack Jordan to the Public Funds Forum in San Francisco. Yeas: Adado, Cochran, Holliday, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Cochran and supported by Trustee Lankheet to have Gabriel, Roeder, Smith and Company resubmit our plan to the IRS. Yeas: Adado, Cochran, Holliday, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Adado and supported by Trustee Cochran to spend up to $150.00 for an appreciation gift for Alan Sonnanstine. Adopted Unanimously. Mr. Rubley arrived and gave the investment report. The meeting ad' urn at 9:56 a.m. -a Min a roved �� 2�pp on Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, Chalr on OFFICIAL PROCEEDINGS OF THE BOAR . -OF TRUSTEES CITY OF LANSING f POLICE & FIRE RETIREMENT'SYSTEM Regular Meeting September 19, 2000 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 Adado, Cochran, Holliday, Lankheet, Luzynski, Rhode. Absent: Trustee Hollister, Johnson Others: Gary Gustafson, Doug Rubley, Bob Swanson Finance Department; Jack Jordan, Law Department. It was moved by Trustee Rhode supported by Trustee Cochran to approve the minutes of the regular meeting of August 15, 2000. Adopted by the following vote: Unanimously. The Secretary reported: 5 new member(s) 0 reinstatement(s), 0 refund(s) 0 transfers, 3 deaths and 1 retired. Total active membership: 574. Refunds made since the last regular meeting amounted to 0. Retirement allowances paid for the month of August, 2000 amounted to $1,246,359.18. Total retirement checks printed for the P&F System: 559. Total retirement checks printed for all three systems: 1,180. 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 Regular Age and Service Retirement for Nadeem Zarka, Fire Department with 26 years service credits, age 47 years, effective October 7, 2000. Yeas: Cochran, Holliday, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Cochran and supported by Trustee Lankheet to approve the application for Regular Age and Service Retirement for Joseph J. Rowan, Fire Department with 27 years 1 month service credits, age 50 years, effective October 2, 2000. Yeas: Cochran, Holliday, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Holliday and supported by Trustee Lankheet to approve the application for Regular Age and Service Retirement for John Hunnell, Police Department with 25 years 1 month service credits, age 46 years, effective October 6, 2000. Yeas: Cochran, Holliday, Lankheet, Luzynski, Rhode Police & Fire Retirement Board Regular Meeting of September 19, 2000 page 2 Nays: None Mr. Adado arrived after the voting for the above retirements. It was moved by Trustee Holliday and supported by Trustee Lankheet to excuse Trustees Hollister and Johnson. It was approved unanimously. It was mentioned by several board members about how well the Retirement Seminar was received. It was moved by Trustee Cochran and supported by Trustee Adado to approve the Due Diligence trip to St. Louis for Trustee Luzynski. It was approved unanimously. It was moved by Trustee Adado and supported by Trustee Cochran to draft new investment guidelines including real estate (not to exceed more than 2 and Y2%) and also less than investment grade bonds. The investment report was not given as the information was not yet available. The meeting adjou ned at 9:30 a.m. Min As approved on ZdDD Robert W. Swanson, Secretary Police & Fire Retirement System Iki/1 ; Paul Luzynski, Covrperson OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting August 15, 2000 Council Conference Room Tuesday, 8:30 a.m. 10th Floor City Hall Lansing, MI ,-, A The Board met in regular session and was called to order at 8:40 a.m. Present: Trustees Adado, Holliday, Johnson, Lankheet, Luzynski, Rhode. Absent: Trustee Hollister, Cochran Others: Gary Gustafson, Doug Rubley, Bob Swanson Finance Department; Jack Roberts, Law Department. It was moved by Trustee Adado supported by Trustee Holliday to approve the minutes of the regular meeting of July 18, 2000. 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: 570. Refunds made since the last regular meeting amounted to 0. Retirement allowances paid for the month of July, 2000 amounted to $1,244,502.56. Total retirement checks printed for the P&F System: 558. Total retirement checks printed for all three systems: 1,179. Domestic relations orders received: 0. Domestic relations orders pending: 1. Eligible domestic relations orders certified: 0. It was moved by Trustee Lankheet and supported by Trustee Holliday to approve the application for Regular Age and Service Retirement for Laurence J. Wahl, Fire Department with 26 years 7 months service credits, age 46 years, effective August 16, 2000. Yeas: Adado, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Lankheet and supported by Trustee Holliday to send Francine Mastrovito to Dr. Chiodo for a Duty Disability Evaluation. Yeas: Adado, Holliday, Hohnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Holliday and supported by Trustee Lankheet to excuse Trustees Hollister and Cochran. It was approved unanimously. Police & Fire Retirement Board Regular Meeting of August 15, 2000 page 2 It was moved by Trustee Adado and supported by Trustee Holliday to sign the new contract with Asset Consulting concerning the change of ownership. Adopted by the following vote: Unanimously Mr. Rubley gave the investment report for July. The me 'ng adjourn at 9:30 a.m. w6t approved o !/V � Robert W. Swanson, Secretary Police & Fire Retirement System r aul Luzynski, r erson OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting July 18, 2000 Council Conference Room Tuesday, 8:30 a.m. 10th Floor City Hall Lansing, MI Fq The Board met in regular session and was called to order at 8:35 a.m. Present: Trustees Adado, Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode. Absent: Trustee Hollister ;f Others: Gary Gustafson, Doug Rubley, Bob Swanson Finance Department; Jack Jordan, Law Department. It was moved by Trustee Adado supported by Trustee Cochran to approve the minutes of the regular meeting of June 20, 2000. Adopted by the following vote: Unanimously. The Secretary reported: 13 new member(s) 0 reinstatement(s), 0 refund(s) 0 transfers and 0 retired. Total active membership: 571. Refunds made since the last regular meeting amounted to 0. Retirement allowances paid for the month of June, 2000 amounted to $1,241,810.74. Total retirement checks printed for the P&F System: 557. Total retirement checks printed for all three systems: 1,177. Domestic relations orders received: 0. Domestic relations orders pending: 1. Eligible domestic relations orders certified: 0. It was moved by Trustee Lankheet and supported by Trustee Holliday to approve the application for Regular Age and Service Retirement for Donald Dunham, Police Department with 26 years service credits, age 47 years, effective July 7, 2000. Yeas: Adado, Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Cochran and supported by Trustee Adado to excuse Trustee Hollister. It was approved unanimously. The Guns and Hoses Forum was discussed along with five other conferences as possible conferences to attend if any of the Trustees were interested. Asset Consulting had some ownership changes which were discussed by Trustee Luzynski. Police & Fire Retirement Board Regular Meeting of July 18, 2000 page 2 Mr. Rubley gave the investment report for May and June. The adj urne at 9:30 a.m. Minutes approved on 00"�cs 2oaa Robert W. Swanson, Secretary Police & Fire Retirement System f Paul Luzynski, hair on OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting June 20, 2000 Council Conference Room Tuesday, 8:30 a.m. 10th Floor City Hall r� Lansing, MI The Board met in regular session and was called to order at 8:35 a.m. CO +, Present: Trustees Adado, Cochran, Holliday, Johnson, Lankheet, Luzynski,:_Rhode. Absent: Hollister =J co Others: Gary Gustafson, Doug Rubley, Finance Department; Jack Jordan, Law Department. It was moved by Trustee Cochran supported by Trustee Lankheet to approve the minutes of the regular meeting of May 16, 2000. 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: 558. Refunds made since the last regular meeting amounted to 0. Retirement allowances paid for the month of May, 2000 amounted to $1,239,882.82. Total retirement checks printed for the P&F System: 558. Total retirement checks printed for all three systems: 1,178. Domestic relations orders received: 1. Domestic relations orders pending: 0. Eligible domestic relations orders certified: 0. It was moved by Trustee Adado and supported by Trustee Cochran to excuse Trustee Hollister. It was approved unanimously. Trustee Luzynski reported on his Due Diligence trip to New York. It was moved by Trustee Adado and supported by Trustee Cochran to send up to four people to the International Conference in Hawaii. It was approved unanimously. It was moved by Trustee Rhode and supported by Trustee Holliday to follow the sub-committee's recommendation to send eight Duty Disability Retirees back for a re-evaluation of their disability. It was recommended to first send a letter to Dr. Chiodo to see if he thought it was feasible to examine all eight of the disability retirees. Police & Fire Retirement board Regular Meeting of June 20, 2000 page 2 Yeas: Adado, Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None Jack Jordan of the Law Department explained that the Paul Arnold question is a negotiated issue and the board had no jurisdiction. Trustee Luzynski and Mr. Rubley talked about investment strategies with under funded companies. Mr. Rubley discussed about Dr. Chiodo's fees and that maybe they should be re-examined. It was moved by Trustee Rhode and seconded by Trustee Adado to authorize the chair-person to get with Finance and authorize up to $25,000.00 to audit the pension credits of Police and Fire Retirement personnel. Mr. Rubley gave the investment report for April. The meeting adjourned at 10:05 a.m. Minute approved on � ^ a� Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, h ie 'on i OFFICIAL PROCEEDINGS_ . OF.THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIRE`'VIENT SYSTEM Regular Meeting May 16, 2000 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 8:40 a.m. Present: Trustees Cochran, Hollister, Holliday, Luzynski, Rhode. Absent: Adado, Johnson, Lankheet Others: Gary Gustafson, Doug Rubley, Bob Swanson Finance Department; Brian Bevez, Law Department. It was moved by Trustee Holliday supported by Trustee Hollister to approve the minutes of the regular meeting of April 18, 2000. 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: 560. Refunds made since the last regular meeting amounted to 0. Retirement allowances paid for the month of April, 2000 amounted to $1,235,694.07. Total retirement checks printed for the P&F System: 557. Total retirement checks printed for all three systems: 1,177. Domestic relations orders received: 0. Domestic relations orders pending: 0. Eligible domestic relations orders certified: 0. It was moved by Trustee Rhode and supported by Trustee Cochran to send Douglas Simons to Dr. Chiodo for a Duty Disability Evaluation. It was approved unanimously. It was moved by Trustee Rhode and supported by Trustee Cochran to allow the sub-committee to authorize sending Disability applicants to Dr. Chiodo for evaluation It was approved unanimously. c_' ;j It was moved by Trustee Cochran and supported by Trustee Hollister to accept a Dr. Chiodo's recommendation to place Douglas Simons on Duty Disability. = Yeas: Cochran, Hollister, Holliday, Luzynski, Rhode �-, =- Nays: None -' 0 It was moved by Trustee Hollister and supported by Trustee Holliday to pay for a Due Diligence inspection in New York. It was approved unanimously. Police & Fire Retirement Board Regular Meeting of May 16, 2000 page 2 Excusing of absent board members was not done as Trustee Hollister had to leave before the vote could be taken. The Investment Report was not given. The meeting adjourned at 9.10 a.m. Minutes approved on Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, Chairperson OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting April 18, 2000 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. �` r Present: Trustees Cochran, Holliday, Johnson, Luzynski, Rhode. Absent: Adado, Hollister, Lankheet Others: Gary Gustafson, Doug Rubley, Finance Department; Jack Jordan, Law Department; It was moved by Trustee Holliday supported by Trustee Cochran to approve the minutes of the regular meeting of March 21, 2000 with two corrections. Adopted by the following vote: Unanimously. The Secretary reported: 2 new member(s) 0 reinstatement(s), 0 refund(s) 0 transfers and 5 retired. Total active membership: 561. Refunds made since the last regular meeting amounted to 0. Retirement allowances paid for the month of March, 2000 amounted to $1,217,628.30. Total retirement checks printed for the P&F System: 553. Total retirement checks printed for all three systems: 1,173. Domestic relations orders received: 0. Domestic relations orders pending: 0. Eligible domestic relations orders certified: 0. It was moved by Trustee Cochran and supported by Trustee Holliday to approve the application for Regular Age and Service Retirement for Jim Farhat, Fire Department, with 25 years 3 months service credits, age 46 years, effective May 1, 2000. Yeas: Cochran, Holliday, Johnson, Luzynski, Rhode Nays: None It was moved by Trustee Cochran and supported by Trustee Rhode to approve the Duty Disability Retirement for Luis O. Gomez Jr., Fire Department, per the recommendation of Dr. Chiodo. Yeas: Cochran, Holliday, Johnson, Luzynski, Rhode Nays: None It was moved by Trustee Holliday and supported by Trustee Cochran to approve the request for refund of accumulated contributions for Michael Wichar, Police Department. Yeas: Cochran, Holliday, Johnson, Luzynski, Rhode Nays: None Police & Fire Retirement Board Regular Meeting of April 18, 2000 page 2 It was moved by Trustee Rhode and supported by Trustee Johnson to excuse Trustees Adado, Hollister, and Lankheet. It was approved unanimously. It was moved by Trustee Cochran and supported by Trustee Luzynski to split the cost for the Pension Seminar with the ERS Board using the Securities Lending Fund. It was approved unanimously. Jack Jordan is drafting a letter concerning the Paul Arnold issue stating that the board can not vote or rule on a negotiated item. Doug Rubley presented the investment report for February and March. The meeting adjour d at 9:35 a.m. Min s approved on `3 Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, h i erson OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting March 21, 2000 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 8:35 a.m. Present: Trustees Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode. Absent: Adado, Hollister Others: Gary Gustafson, Finance Department; Jack Jordan, Law Department; Tom Ka-ng!Fraternal Order Police; Terry Harvey, Police Department. It was moved by Trustee Lankheet supported by Trustee Holliday to approve the minutes of the regular meeting of February 15, 2000 . Adopted by the following vote: Unanimously. The Secretary reported: 0 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 February, 2000 amounted to $1,218,347.36. Total retirement checks printed for the P&F System: 552. 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. Trustee Luzynski suggested that the following applications for Regular Age & Service Retirements be voted on together. Agreed upon unanimously. Steve Fraser, Fire Department, 25 years service credits, age 49 years, effective=, March 31, 2000. _ John Tybinka, Fire Department, 25 years service credits, age 50 years, effective , r March 31, 2000. r _;? N David Morris, Fire Department, 25 years service credits, age 48 years, effective March 31, 2000. Marty Wade, Fire Department, 25 years 5 months service credits, age 47 years, effective April 1, 2000. Police & Fire Retirement board Regular Meeting of March 21, 2000 page 2 It was moved by Trustee Holliday and supported by Trustee Lankheet to approve the above applications for Regular Age and Service Retirements. Yeas: Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Lankheet and supported by Trustee Cochran to approve the Duty Disability Retirement for Terry Harvey effective March 22, 2000. Yeas: Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Lankheet and supported by Trustee Cochran to send Robert Miller to Dr. Chiodo for a Duty Disability Evaluation. It was approved unanimously. It was moved by Trustee Lankheet and supported by Trustee Holliday to approve the Duty Disability Retirement for Robert Miller effective March 22, 2000. Yeas: Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Lankheet and supported by Trustee Cochran to amend the contract with Loomis Sales for lower fees. It was approved unanimously. It was moved by Trustee Cochran and supported by Trustee Lankheet to excuse Trustees Adado and Hollister. It was approved unanimously. Paul Arnold spoke on seniority issues concerning former Park Police officers and Mr. Rubley explained the contractual issues. It was moved by TrustedRhode and supported by Trustee Cochran to hire Gabriel Roeder Smith and Company to make an informational brochure for employees. It was approved unanimously. The investment report was not given as it was too early to receive the information but it would be mailed to the Trustees. The meet' adjourned at 940 a.m. 1 Mi es p rove on obert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynsk , h erson OFFICIAL PROCEEDINGS OF THE-BOARD OF TRUSTEES CITY OF,.LAN§ING,a POLICE & FIRE RETIREMENT SYSTEM Regular Meeting February 15, 2000 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 8:32 a.m. Present: Trustees Adado, Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode. Absent: Hollister Others: Gary Gustafson, Doug Rubley, Finance Department; Jack Jordan, Law Department; Tom King, Fraternal Order Police: It was moved by Trustee Cochran supported by Trustee Lankheet to approve the minutes of the regular meeting of January 18, 2000 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: 564. Refunds made since the last regular meeting amounted to 0. Retirement allowances paid for the month of January, 2000 amounted to $1,222,513.10. Total retirement checks printed for the P&F System: 552. Total retirement checks printed for all three systems: 1,172. Domestic relations orders received: 0. Domestic relations orders pending: 0. Eligible domestic relations orders certified: 0. It was moved by Trustee Lankheet supported by Trustee Rhode to go into executive closed session at 8.-38 a.m. Yeas: Adado, Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Adado supported by Trustee Lankheet to come out of executive session at 9:00 a.m. Yeas: Adado, Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None. It was moved by Trustee Lankheet supported by Trustee Adado to approve the Duty Disability Retirement for David Stacey effective November 10, 1999. Yeas: Adado, Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None Police & Fire Retirement Board Regular Meeting of February 16, 2000 page 2 It was moved by Trustee Adado supported by Trustee Cochran to remove David Stacey from Non Duty Disability effective November 10, 1999. Yeas: Adado, Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Adado and supported by Trustee Cochran to excuse Trustee Hollister. It was approved unanimously. It was moved by Trustee Adado and supported by Trustee Cochran to pay for Trustee Luzynski's trip for a Do Diligence inspection in Chicago. It was approved unanimously. It was moved by Trustee Rhode and supported by Trustee Lankheet to put Terry Harvey on the Agenda as Duty Disability applicant. It was approved unanimously. It was moved by Trustee Rhode and supported by Trustee Lankheet to send Terry Harvey to Dr. Chiodo for a Duty Disability Evaluation. It was approved unanimously. Doug Rubley presented the investment report for January. The meeting ajd�journ d at 9:35 a.m. Minut proved n �`2�-O� Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, hair son OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT- SYS`TEM:-) CITY CLE f iiri Regular Meeting January 18, 2000 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. Absent: Adado, Hollister Others: Gary Gustafson, Bob Swanson, Finance Department; Jack Jordan, Law Department; Tom King, Fraternal Order Police: It was moved by Trustee Rhode supported by Trustee Johnson to approve the minutes of the regular meeting of December 14, 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: 567. Refunds made since the last regular meeting amounted to 0. Retirement allowances paid for the month of December, 1999 amounted to $1,192,368.03. 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 Holliday to approve the application for Regular Age & Service Retirement for John Dama, Police Department, with 27 years 3 months service credits, age 49 years, effective January 10, 2000. Yeas: Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Rhode supported by Trustee Lankheet to go into executive closed session to discuss The Daniel Stebbins Non Duty Disability request at 8:38 a.m. Yeas: Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None The board reconvened at 9:48 a.m. It was moved by Trustee Cochran supported by Trustee Lankheet to accept the Sub-Committee's recommendation to approve Daniel Stebbins request for a Non-Duty Disability Retirement effective 0 10/0ff 1/99. �re )e �orc1-e6� L c Y L /.n-r'oVI, h`J o-ffe,-7'&k eihployee,. (ov h„e"der, 7`rlit� fc't� �� p YOtird ac7iviTy Police & Fire Retirement Board Regular Meeting of January 18, 2000 page 2 Yeas: Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Holliday and supported by Trustee Cochran to excuse Trustees Adado and Hollister. It was approved unanimously. It was moved by Trustee Rhode and supported by Trustee Lankheet to put David Stacey on the Agenda for next month providing he re-applies for Duty Disability and to take action on the request. Yeas: Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None Mr. Luis Gomez's Duty Disability Request was discussed and procedures in testing are being evaluated and coordinated concerning Duty Disability Requests. Paul Luzynski presented the investment report for December. The meet' adjo r ' d at 10:05 a.m. 2 r�y Minutes approved on ` ©y Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, Chair ' on