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HomeMy WebLinkAbout1998 mins Police and Fire Retirement System minutes FINAL OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting December 15, 1998 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 8:42 a.m. Present: Trustees Cochran, Hollister, Lankheet, Luzynski, Rhode, - 5 Absent: Trustees Adado, Holliday, Johnson Others: Gary Gustafson, Doug Rubley, Finance Operations; Jack Jordan, Law Department It was moved by Trustee Cochran supported by Trustee Lankheet to approve the minutes of the regular meeting of November 10, 1998. Adopted by the following vote: Unanimously. The Secretary reported: 4 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: $725.76. Retirement allowances paid for the month of November, 1998 amounted to $1,108,335.13. Total retirement checks printed for the P&F System: 527. Total retirement checks printed for all three systems: 1,128. 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 Hollister to approve the application for regular age & service retirement for Clarence K. Bisson, Police Department, with 25 years and 6 months service credits, age 49 years, effective January 6, 1999. Yeas: Cochran, Hollister, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Lankheet and supported by Trustee Hollister to approve the application for regular age & service retirement for Leslie H. Hunter, Fire Department, with 29 years and 4 months service credits, age 50 years, effective January 8, 1999. It was moved by Trustee Lankheet and supported by Trustee Cochran to approve tN request for Accumulated Contributions for Krystol Skipper. Vote was unanimous. Police & Fire Retirement Board Regular Meeting of December 15, 1998 page 2 It was moved by Trustee Hollister and supported by Trustee Lankheet to send Sheryl L. Norton to Dr. Chiodo for an evaluation regarding her request for a Duty Disability Retirement along with all of her medical records. Jack Jordan took exception to Sheryl Norton's statement concerning Assistant Fire Chief Charles Willis allegedly "informing" her that she could return to duty against the advice of her medical professionals or retire on duty disability. Mr. Jordan discussed this matter with Mr. Willis and was told that although applying for disability was mentioned as an option, he never encouraged or discouraged her from applying. Further, he never instructed her not to follow the advise of her medical professionals. Vote was unanimous. It was moved by Trustee Cochran and supported by Trustee Hollister to send Tereasa K. Ryder to Dr. Chiodo for an evaluation regarding her request for a duty disability Retirement along with all of her medical records Vote was unanimous. It was moved by Trustee Cochran supported by Trustee Hollister to excuse Trustees Adado, Johnson, and Holliday. Approved by the following vote: Unanimously. The possibility of having an Annual Audit was discussed and Trustee Luzynski said he would follow up on his own. Reynaldo Gonzales request for reinstatement to Active Duty from Duty Disability was discussed after analyzing Dr. Chiodo's medical evaluation of his condition. Trustee Rhode supported by Trustee Cochran moved to deny his application. Yeas: Cochran, Hollister, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Hollister and supported by Trustee Cochran to table the election of Chair and Vice-Chair until next month. Amended to keep present Chair and Vice-Chair for another month. Vote was unanimous. Trustee Johnson arrived at meeting after this action. It was moved by Trustee Hollister and supported by Trustee Cochran to approve the Meeting Dates for 1999. Yeas: Cochran, Hollister, Johnson, Lankheet, Luzynski, Rhode Nays: None Mr. Rubley presented the investment report for November. The ting adjour ed at 9:45 a.m. 7MAinpproved on Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, Char r n OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING "` �tj POLICE & FIRE RETIREMENT SYSTEM �;- I� LI N"it',;G CITY CLERK Regular Meeting November 10, 1998 8th Floor Conference Room Tuesday, 8:30 a.m. City Hall, Lansing, MI The Board met in regular session and was called to order at 8:37 a.m. Present: Trustees Adado, Cochran, Holliday, Johnson, Luzynski, Rhode, - 6 Absent: Trustees Hollister, Lankheet Others: Gary Gustafson, Doug Rubley, Robert Swanson, Finance Operations; Jack Jordan, Law Department; and Alan Sonnanstine, Actuary. It was moved by Trustee Adado supported by Trustee Cochran to approve the minutes of the regular meeting of October 20, 1998. Adopted by the following vote: Unanimously. The Secretary reported: 19 new member(s) 0 reinstatement(s), 0 refund(s) 0 transfers and 2 retired. Total active membership: 564. Refunds made since the last regular meeting amounted to: $0. Retirement allowances paid for the month of October, 1998 amounted to $1,094,780.42. Total retirement checks printed for the P&F System: 522. Total retirement checks printed for all three systems: 1,129. Domestic relations orders received: 0. Domestic relations orders pending: 1. Eligible domestic relations orders certified: 0. It was moved by Trustee Holliday and supported by Trustee Adado to approve the application for conversion from Duty Disability to Regular Age & Service Retirement for Danny E. King, Police Department, effective September 4, 1998. Yeas: Adado, Cochran, Holliday, Johnson, Luzynski, Rhode Nays: None It was moved by Trustee Holliday and supported by Trustee Cochran to approve the request for Accumulated Contributions for Annie Rochelle Wilson. Vote was unanimous. It was moved by Trustee Cochran supported by Trustee Adado to excuse Trustees Hollister and Lankheet. Approved by the following vote: Unanimously. It was moved by Trustee Cochran supported by Trustee Adado to hire Asset Consulting retroactive to April 1, 1998. Vote was unanimous. Police & Fire Retirement Board Regular Meeting of October 20, 1998 page 2 Mr. Rubley presented an abbreviated investment report for September. The m 'ng ad ed at 10:05 a.m. Minates ap roved on 2 —��i'9� Robert W. Swanson, Secretary Police & Fire Retirement System aul Luzynski, ha rson t CHANGE RECEIVED 90 NOV -4 41110: 50 PUBLIC MEETING NOTICE LANSiP1G CITY CLERK POLICE AND FIRE RETIREMENT SYSTEM MEETING OF NOVEMBER 17, 1998 HAS BEEN CHANGED TO NOVEMBER 10, 1998 . THE MEETING IS AT 8:30 A.M. TENTATIVELY SCHEDULED FOR I OTH FLOOR COUNCIL CONFERENCE ROOM. V OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting October 20, 1998 8th Floor Conference Room Tuesday, 8:30 a.m. City Hall, Lansing, MI The Board met in regular session and was called to order at 8:37 a.m. Present: Trustees Adado, Cochran, Hollister, Holliday, Luzynski, Rhode, - 6 Absent: Trustees Johnson, Lankheet Others: Gary Gustafson, Doug Rubley, Robert Swanson, Finance Operations; Jack Jordan, Law Department. It was moved by Trustee Adado supported by Trustee Hollister to approve the minutes of the regular meeting of September 15, 1998. Adopted by the following vote: Unanimously. The Secretary reported: 4 new member(s) 0 reinstatement(s), 0 refund(s) 0 transfers and 1 retired. Total active membership: 547. Refunds made since the last regular meeting amounted to: $0. Retirement allowances paid for the month of September, 1998 amounted to $1,090,058.09. Total retirement checks printed for the P&F System: 521. Total retirement checks printed for all three systems: 1,129. Domestic relations orders received: 0. 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 in total. Agreed upon unanimously. James M. Webster, Police Department, 25 years 3 months service credits, age 47 years, effective October 16, 1998. Peter Zivic, Police Department, 27 years service credits, age 51 years, effectiver-- October 30,1998. '~ Nancy J. Small, Police Department, 25 years service credits, age 51 years, effePvE ^> November 4, 1998 Dennis Michael O'Brien, Police Department, 25 years service credits, age 48 yEFWs,�? effective November 5, 1998. Cn Police & Fire Retirement Board Regular Meeting of October 20, 1998 page 2 Gregg S. Forbis, Police Department, 25 years 11 months service credits, age 46 years, effective November 6, 1998. It was moved by Trustee Cochran supported by Trustee Hollister to approve the above retirements. Yeas: Adado, Cochran, Hollister, Holliday, Luzynski, Rhode Nays: None It was moved by Trustee Cochran supported by Trustee Adado to approve the application for conversion from Duty Disability to Regular Age and Service for Daniel Issac, Police Department, effective October 1, 1998. Yeas: Adado, Cochran, Hollister, Holliday, Luzynski, Rhode Nays: None It was moved by Trustee Adado supported by Trustee Hollister to excuse Trustees Lankheet and Johnson. Approved by the following vote: Unanimously. It was moved by Trustee Adado supported by Trustee Hollister to send two people to a western conference for training and education. Approved unanimously. Doug Rubley will write letter to Ray Gonzales regarding setting up an appointment with the City of Lansing's medical director for an evaluation. Jack Jordan of the Law Department discussed the Tim Poxson suit against the City regarding his Duty Disability Denial. It was moved by Trustee Rhode supported by Trustee Cochran to authorize the chair-person to sign an agreement with Northern Trust for the procedure to authorize the Deputy Finance Director, Finance Director, Deputy Controller, Principal Operation Analyst, or Senior Principal Accountant to be the authenticator(s) ( under Default Option 1) for transactions with Northern Trust. The ting adjour d at 9:40 a.m. Minutes approved on Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, Ch erson OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting September 15, 1998 Mayors' Conference Room Tuesday, 8:30 a.m. City Hall, Lansing, MI The Board met in regular session and was called to order at 8:35 a.m. Present: Trustees Adado, Cochran, Hollister, Holliday, Johnson, Lankheet,q uTskr Rhode, - 8 o, Absent: None Others: Gary Gustafson, Doug Rubley, Robert Swanson, Finance Operations; Jack Jordan, Law Department, Ken Tableman, Lawyer representing Tim Poxson. It was moved by Trustee Lankheet supported by Trustee Cochran to approve the minutes of the regular meeting of August 18, 1998. Adopted by the following vote: Unanimously. The Secretary reported: 2 new member(s) 0 reinstatement(s), 0 refund(s) 0 transfers and 0 retired. Total active membership: 544. Refunds made since the last regular meeting amounted to: $0. Retirement allowances paid for the month of August, 1998 amounted to $1,085,801.37. Total retirement checks printed for the P&F System: 5212. Total retirement checks printed for all three systems: 1,128. 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 Hollister to approve the application for regular age and service retirement for Jack H. Redburn, Fire Department, with 25 years and 7 months service credits, age 49 years, effective October 4, 1998. Yeas: Adodo, Cochran, Hollister, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None After some discussion on the Tim Poxson request for Duty Disability, Trustee Hollister supported by Trustee Rhode made a motion to deny the Tim Poxson Disability Request. Yeas: Adado, Cochran, Hollister, Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Adado supported by Trustee Hollister to approve the (new draft) of the Prefunding Ordinance. Yeas: Adado, Cochran, Hollister, Holliday, Johnson, Lankheet, Luzynski, Rhode Police & Fire Retirement Board Regular Meeting of August 18, 1998 L; ; P1 I0- €�3 page Li�f`1I� G CITY CLERK( Nays; None It was moved by Trustee Hollister supported by Trustee Adado to accept the contract from Minute Master. Vote was unanimous. It was moved by Trustee Cochran supported by Trustee Hollister to purchase a standard EDRO form from the Actuary Gabriel, Roeder, Smith & Company. Vote was unanimous. Mr. Rubley presented the investment report for the month of July. 16 ( / It was moved by Trustee Rhode supported by Trustee Cochran to defer until Getebef the 50-50 bond distribution money until getting advice from our consultants. Yeas: Adado, Cochran, Hollister,Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None The wreetina ad' urned at 9:40 a.m. Minutes approved on 76 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 August 18, 1998 8th Floor Conference Room Tuesday, 8:30 a.m. City Hall, Lansing, MI The Board met in regular session and was called to order at 8:40 a.m. �1 < Present: Trustees Holliday, Johnson, Lankheet, Luzynski, Rhode, - 5 fy M Absent: Trustees Adado, Cochran, Hollister �' no Others: Gary Gustafson, Doug Rubley, Finance Operations; Jack Jordan, Law Department, Rhonda Ives, Lawyer representing Tim Poxson. It was moved by Trustee Rhode supported by Trustee Holliday to approve the minutes of the regular meeting of August 18, 1998. The Secretary reported: 0 new member(s) 0 reinstatement(s), 1 refund(s) 0 transfers and 2 retired. Total active membership: 542. Refunds made since the last regular meeting amounted to: $1,875.52. Retirement allowances paid for the month of July, 1998 amounted to $1,082,133.76. Total retirement checks printed for the P&F System: 522. Total retirement checks printed for all three systems: 1,127. 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 Miklos J. Szilagyi, Police Department, age 51 years with 25 years service credits effective September 4, 1998. Yeas: Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None After some discussion on the Tim Poxson request for Duty Disability, it was decided to table the matter until next month. Moved by Trustee Lankheet supported by Trustee Holliday. Vote was unanimous. It was moved by Trustee Holliday supported by Trustee Lankheet to excuse Trustees Adado, Cochran and Hollister from the meeting. Approved by the following vote: Unanimously. Police & Fire Retirement Board Regular Meeting of August 18, 1998 page Education and Training was discussed and it was recommended that up to two trustees be authorized to attend a conference for further training. Moved by Trustee Lankheet supported by Trustee Holliday. Yeas: Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None Prefunding Ordinance was discussed in new draft form and it was decided to table it until next month. Moved by Trustee Holliday supported by Trustee Lankheet. Supported unanimously. Mr. Rubley presented the investment re ort for the month of June. tewsc VK It was moved by Trustee Rhode supported by Trustee L 44�. &,-Z ,�o �t� V, VXL Lankheet t ..ate sp+itr� City Contribution�5 0-50 with the BoWmo nagers. be cf'vue Q a, Yeas: Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None The meeting adjour d at 9:40 a.m. (g4) Mi s ap roved n -��- Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, ha' rson' OFFICl t"PROCEEDINGS OF THE BOARD OF TRUSTEES C 13 j`` 10: 04 CITY OF LANSING LAIN2111-1c cis� 4WOLICE & FIRE RETIREMENT SYSTEM Regular Meeting July 21, 1998 10th Floor Council Chambers Tuesday, 8:30 a.m. City Hall, Lansing, MI The Board met in regular session and was called to order at 8:40 a.m. Present: Trustees Holliday, Johnson, Lankheet, Luzynski, Rhode, - 5 Absent: Trustees Adado, Cochran, Hollister Others: Robert Swanson, Gary Gustafson, Doug Rubley, Finance Operations; Jack Jordan, Law Department, Ms Ide, Lawyer representing Tim Poxson. It was moved by Trustee Holliday supported by Trustee Lankheet to approve the minutes of the regular meeting as corrected of July 21, 1998. The Secretary reported: 8 new member(s) 0 reinstatement(s), 1 refund(s) 0 transfers and 4 retired. Total active membership: 544. Refunds made since the last regular meeting amounted to: $2,415.36. Retirement allowances paid for the month of June, 1998 amounted to $1,071,261.02. Total retirement checks printed for the P&F System: 518. Total retirement checks printed for all three systems: 1,123. Domestic relations orders received: 0. Domestic relations orders pending: 1. Eligible domestic relations orders certified: 0. It was moved by Trustee Holliday and supported by Trustee Lankheet to approve the application for regular age and service retirement for Daniel D. Hinds, Police Department, age 47 years with 25 years service credits effective July 19, 1998. Yeas: Holliday, Johnson, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Lankheet supported by Trustee Holliday to approve the request for Accumulated Contributions for Deborah J. Grajewski. Vote was unanimous After some discussion on the Tim Poxson request for Duty Disability, it was decided to table the matter until next month. Moved by Trustee Lankheet supported by Trustee Holliday. Vote was all Yeas. It was moved by Trustee Holliday supported by Trustee Lankheet to excuse Trustees Adado, Cochran and Hollister from the meeting. Approved by the following vote: Unanimously. Police & Fire Retirement Board Regular Meeting of April 21, 1998 page Doug Rubley gave presentation on "Minute Master" and it was decided to pursue Employees Retirement System opinion before continuing. It was moved by Trustee Rhode supported by Trustee Lankheet to approve the fee increase for Gabriel, Roeder, Smith & Company . Approved by all Yeas: Gabriel, Roeder, Smith & Company has a standardized EDRO form which was discussed. It was decided to have Doug Rubley pursue the possibility of contracting with Gabriel, Roeder, Smith & Company to handle future EDRO'S on behalf of the system. Prefunding Ordinance was discussed in new draft form and it was decided to take action on it next month. Mr. Rubley presented the investment report for the month of May. The meeting adjourn at 9:50 a.m. Minut appr ved on / Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, Chai 'on OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Special Meeting July 6, 1998 8th Floor Conference Room Monday, 2:00 p.m. City Hall Lansing, MI The Board met in special session and was called to order at 2:00 p.m. Present: Trustees Adado, Cochran, Holliday, Johnson, Lankheet, Luzynski, Rhode, - 7 Absent: Trustee Hollister Others: Robert Swanson, Gary Gustafson, Doug Rubley, Finance Operations; Mr. Wilson, FOP Lawyer Mr. Alan Sonnanstine of Gabriel, Roeder, Smith & Co. presented a detailed report on the Prefunding of Health Care. Mr. Wilson asked a few questions pertaining to Prefunding. The meeting adjour ed at 3:25 p.m. 4 Minutes approved on 2�—�� Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, Chairpe T e Fit c7 r•s C""i Cn OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting June 16, 1998 8th Floor Conference Room Tuesday, 8:30 a.m. City Hall, Lansing, MI The Board met in regular session and was called to order at 8:35 a.m. Present: Trustees Adado, Cochran, Hollister, Lankheet, Luzynski, Rhode, - 6 Absent: Trustees Holliday, Johnson Others: Robert Swanson, Gary Gustafson, Doug Rubley, Finance Operations; Margo Vroman, Law Department. It was moved by Trustee Cochran supported by Trustee Lankheet to approve the minutes of the regular meeting of May 12, 1998. The board presented a plaque to Bill Barkyoumb for his years of service to the Police and Fire Retirement Board. The Secretary reported: 3 new member(s) 0 reinstate ment(s), 1 refund(s) 0 transfers and 4 retired. Total active membership: 541. Refunds made since the last regular meeting amounted to: $12,806.77. Retirement allowances paid for the month of May, 1998 amounted to $1,058,235.30. Total retirement checks printed for the P&F System: 514. Total retirement checks printed for all three systems: 1,120. Domestic relations orders received: 0. 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 in total as in last months meeting. Agree upon unanimously. Paul Weidner, Police Department, 25 years 2 months service credits, age 47 years, effective June 4, 1998. Theodore M. Rahl, Police Department, 25 years service credits, age 50 years effective July 15, 1998 Police & Fire Retirement Board Regular Meeting of April 21, 1998 ` -= page 2 _c- John A. Asiff, Police Department, 25 years service credits, age 53 years effective July 17, 1998. Michael D. Betcher, Fire Department, 25 years 3 months service credits, age 53 years effective June 29, 1998. It was moved by Trustee Adado supported by Trustee Cochran to approve the above retirements except for the one pending receipt of application. Yeas: Adado, Cochran, Hollister, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Cochran supported by Trustee Lankheet to approve the retirement for the one pending. Yeas: Adado, Cochran, Hollister, Lankheet, Luzynski, Rhode Nays: None It was moved by Trustee Cochran supported by Trustee Hollister to approve the request for Accumulated Contributions for Clarence Patterson. Vote was unanimous. Margaret Vroman from the law department discussed the Tim Poxson Duty Disability letter. Trustee Hollister moved to table the matter until next month. Trustee Cochran supported the move which was then approved unanimously. It was moved by Trustee Adado supported by Trustee Lankheet to excuse Trustees Holliday and Johnson from the meeting. Approved by the following vote: Unanimously. Under other business, the Ordinance revision was discussed and it was decided to get with for further clarification. Alan. 50MIA,N-4;vve- Mr. Rubley presented the investment report for the month of April. Ray Gonzales petition for reinstatement was discussed and Trustee Hollister supported by Trustee Cochran recommended to continue processing. Approved unanimously. The meeting adjourned at 9:20 a.m. Minu s approved on 7-Z1^ / Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, Chairp - n OFFICIAL PROCEEDINGS OF THE BOARD O,F.:T-R(j TEES CITY OF LANSING POLICE & FIRE RETIREMENT SY�T, ;�I�tc� ,1 i J Regular Meeting May 12, 1998 8th Floor Conference Room Tuesday, 8:30 a.m. City Hall, Lansing, MI The Board met in regular session and was called to order at 8:45 a.m. Present: Trustees Hollister, Holliday, Luzynski, Rhode, Johnson - 5 Absent: Trustees Adado, Cochran, Lankheet Others: Robert Swanson, Gary Gustafson, Doug Rubley, Finance Operations; Jim Smiertka, Law Department, Ken Tableman, lawyer for Tim Poxson. It was moved by Trustee Holliday supported by Trustee Hollister to approve the minutes of the regular meeting of April 21, 1998, as amended. Amendment to April minutes was for the approval to reimburse Trustee Luzynski for expenses incurred to take a class. Voted on and approved by the board. Adopted by the following vote: Unanimously. Ken Tableman, lawyer for Tim Poxson's duty disability request, asked to present more information regarding his client at the next board meeting. Moved by Trustee Hollister supported by Trustee Holliday to table decision until next month. The Secretary reported: 1 new member(s) 0 reinstatement(s), 1 refund(s) 0 transfers and 6 retired. Total active membership: 542. Refunds made since the last regular meeting amounted to: $10,520.63. Retirement allowances paid for the month of April, 1998 amounted to $1,037,124.72. Total retirement checks printed for the P&F System: 508. Total retirement checks printed for all three systems: 1,111. Domestic relations orders received: 0. 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 in total as in last months meeting. Agree upon unanimously. Rick D. Gearhart, Police Department, 25 years service credits, age 50 years, effective June 5, 1998. Gary M. Burnett, Fire Department, 25 years service credits, age 49 years effective June 11, 1998 Police & Fire Retirement Board Regular Meeting of April 21, 1998 page 2 Raymond A. Enright, Fire Department, 25 years 2 month service credits, age 45 years effective May 11, 1998. Dennis R. George, Fire Department, 25 years service credits, age 51 years effective June 12, 1998. It was moved by Trustee Hollister supported by Trustee Holliday to approve the above retirements. Yeas: Hollister, Holliday, Luzynski, Rhode, Johnson Nays: None It was moved by Trustee Hollister supported by Trustee Holliday to approve the request for Accumulated Contributions for Michael White. Vote was unanimous. Pre-Funding of Health Care Ordinance was presented by Doug Rubley. It was moved by Trustee Hollister supported by Trustee Johnson to vote on Ordinance next month. Vote was unanimous. It was moved by Trustee Hollister supported by Trustee Johnson to excuse Trustees Adado, Lankheet, and Cochran from the meeting. Approved by the following vote: Unanimously. Mr. Rubley presented the investment report for the month of March. Thewz:7 ' . Minutes approved on Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, Ch r rson OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting gpril-21, 1998 8th Floor Conference Room Tues City Hall, Lansing, MI day, 30`�.m. The Board met in regular session and was called to order at 8:40 a.m. Present: Trustees Cochran, Hollister, Holliday, Lankheet, Luzynski, Rhode, Johnson - 7 Absent: Trustee Adado - 1. Others: Robert Swanson, Gary Gustafson, Doug Rubley, Finance Operations; Jack Jordan, Wendall Hall, Law Department. It was moved by Trustee Holliday supported by Trustee Lankheet to approve the minutes of the regular meeting of April 21, 1998. Adopted by the following vote: Unanimously. A lawyer for Tim Poxson was present asking for clarification on the status of his request for a duty disability. Board deferred until the legal department-renders its opinion. The Secretary reported: 4 new member(s) 0 reinstatement(s), 4 refund(s) 0 transfers and 9 retired. Total active membership: 547. Refunds made since the last regular meeting amounted to: $6,846.93. Retirement allowances paid for the month of March, 1998 amounted to $1,000,013.84. Total retirement checks printed for the P&F System: 499. Total retirement checks printed for all three systems: 1,104. Domestic relations orders received: 0. Domestic relations orders pending: 1. Eligible domestic relations orders certified: 0. The suggestion was made that the following Applications for Regular Age & Service Retirements be voted on in total as in last months meeting. Agree upon unanimously. Francisco J. Medrano, Police Department, 25 years 1 month service credits, age 53 years April 11, 1998. Michael John Mezzano, Police Department, 25 years 1 month service credits, age 50 years effective April 16, 1998 Police & Fire Retirement Board Regular Meeting of April 21, 1998 page 2 Jose M. Rodriguez, Police Department, 25 years 1 month service credits, age 45 years effective April 16, 1998. Donald B. Viele, Police Department, 25 years 1 month service credits, age 47 years effective May 1, 1998. Gregory S. Keast, Fire Department, 25 years 2 month service credits, age 48 years effective May 4, 1998. Thomas Lynn Munshaw, Police Department, 32 years 3 month service credits, age 60 years, effective April 30, 1998. It was moved by Trustee Cochran supported by Trustee Hollister to approve the above retirements. Roll Call was unanimous. It was moved by Trustee Hollister supported by Trustee Lankheet to approve the request for Accumulated Contributions for Eddie James III. Vote was unanimous. It was moved by Trustee Cochran supported by Trustee Lankheet to reimbursement Trustee Luzynski for travel expenses to visit new investment firm. Passed unanimous. It was moved by Trustee Cochran supported by Trustee Hollister to excuse Trustee Adado from the meeting. Approved by the following vote: Unanimously. Mr. Rubley stated that he would call Alan Sonnanstine about the PREFUNDING Ordinance for next months meeting. Jack Jordan from the Law Department made a report on Tim Poxson duty disability case. Mr. Rubley presented the investment report for the month of February. Them eet6-112 ing adjour d at 10:05 a.m. Min appr ved on Robert W. Swanson, Secretary Police & Fire Retirement System Paul L ynski, Chai rson OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting March 17, 1998 8th Floor Conference Room Tuesday, 8 30 a.m. City Hall, Lansing, MI The Board met in regular session and was called to order at 8;40 a.m. -� Present: Trustees Adado, Cochran, Holliday, Lankheet, Luzynski, Rhode - 6 un x C-A3 Absent: Trustee Hollister - 1. Others: Robert Swanson, Gary Gustafson, Doug Rubley, Finance Operations; Jack Jordan, Law Department. It was moved by Trustee Cochran supported by Trustee Lankheet to approve the minutes of the regular meeting of February 17, 1998. 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: 552. Refunds made since the last regular meeting amounted to: $0. Retirement allowances paid for the month of February, 1998 amounted to $992,503.58. Total retirement checks printed for the P&F System: 493. Total retirement checks printed for all three systems: 1,097. Domestic relations orders received: 0. Domestic relations orders pending: 1. Eligible domestic relations orders certified: 1. The motion was made that the following Applications for Regular Age & Service Retirements be voted on in total. Moved by Trustee Cochran and Supported by Trustee Lankheet. Michael M. Freeman, Fire Department, 25 years 1 month service credits, age 47 years effective March 19, 1998. Patrick Debnar, Fire Department, 25 years 1 month service credits, age 49 years effective March 19, 1998. Douglas W. Thomas, Fire Department, 25 years 1 month service credits, age 51 years effective March 19, 1998. Charles H. Reeves, Fire Department, 25 years 1 month service credits, age 46 years effective March 19, 1998. Police & Fire Retirement hoard Regular Meeting of March 17, 1998 page 2 James Renton, Police Department, 27 years 1 month service credits, age 48 years effective March 30, 1998. Robert Ness, Fire Department, 27 years 1 month service credits, age 48 years effective March 31, 1998. Loren Glasscock, Police Department, 25 years 1 month service credits, age 47 years, effective April 15, 1998. Thomas J. Wright, Police Department, 25 years 1 month service credits, age 46 years effective April 16, 1998. Patrick J. Wilson, Police Department, 25 years 1 month service credits, age 49 years effective May 8, 1998. Adopted by the following roll call: Yeas: Adado, Cochran, Holli�ay, Lankheet, Luzynski, Rhode. Nays: None It was moved by Trustee Holliday supported by Trustee Adado to approve the request for Accumulated Contributions for Chaka McDonald, Raphael Wall, Jodi Williams, and Susan Nye. Approved by the following vote: Unanimously. It was moved by Trustee Lankheet supported by Trustee Adado to terminate the Hanna contract after March 31, 1998 and not require a May presentation. Approved by the following vote: Unanimously. It was moved by Trustee Cochran supported by Trustee Adado to excuse Trustee Hollister from the meeting. Approved by the following vote: Unanimously. It was moved by Trustee Lankheet supported by Trustee Adado for Trustee Luzynski to take a retirement class. Approved by the following vote: Unanimously. Mr. Rubley presented the investment report for the month of January.. The meeting adjourned at 9:40 a.m. Min s pproved on �/! �99� �` �-. Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, C airp OFFICIAL PROCEEDINGS OF THE BOARD OF TRUSTUF , ,�.r CITY OF LANSING c POLICE & FIRE RETIREMENT SYSTE ..`.. I''°�' 2 0 �'`� � z s �41' sl�:'G CITY CLERK Regular Meeting February 17, 1998 8th Floor Conference Room Tuesday, 8:30 a.m. City Hall, Lansing, MI The Board met in regular session and was called to order at 8;40 a.m. Present: Trustees Adado, Cochran, Hollister, Lankheet, Luzynski, Rhode — 7. Absent: Trustee Holliday — 1. Others: Robert Swanson, Susan Brownlee, Doug Rubley, Finance Operations; Jack Jordan, Law Department. It was moved by Trustee Lankheet supported by Trustee Cochran to approve the minutes of the regular meeting of January 20, 1998. as amended. Adopted by the following vote: Unanimously. The Secretary reported: 0 new member(s) 0 reinstatement(s), 0 refund(s) 0 transfers and 5 retired. Total active membership: 553. Refunds made since the last regular meeting amounted to: $0. Retirement allowances paid for the month of January, 1998 amounted to $990,774.22. Total retirement checks printed for the P&F System: 494. Total retirement checks printed for all three systems: 1,094. 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 and service retirement for Richard Alexander, Fire Department age 51 with 25 years 1 month service credits effective March 20, 1998. Adopted by the following roll call: Yeas: Adado, Cochran, 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 Robert Lee Belknap of the Fire Department age 46 with 26 years 1 month service credits, effective March 20, 1998. Adopted by the following roll call: Yeas: Adado, Cochran, Lankheet, Luzynski, Rhode. Nays: None. Police & Fire Retirement Board Regular Meeting of February 17, 1998 page 2 It was moved by Trustee Lankheet supported by Trustee Cochran to approve the request for Accumulated Contributions for Danial Wayne Munford. Approved by the following vote: Unanimously. It was moved by Trustee Lankheet supported by Trustee Cochran to excuse Trustee Holliday from the meeting. Approved by the following vote: Unanimously. It was moved by Trustee Cochran and supported by Trustee Rhode to appoint Trustee Luzynski as Chairperson and Bruce Lankheet as Vice Chairperson for 1998. Approved by the following vote: Unanimously. A discussion was held on the Fiduciary Liability Insurance, the item will be placed as pending on the next agenda. A Motion was made by Trustee Hollister and supported by Trustee Lankheet to add a new item be placed on the monthly agenda for Education and Training. Approved by the following vote: Unanimously. It was moved by Trustee Hollister and supported by Trustee Rhode to purchase of a plaque for Bill Barkyoumb for his service on the Board. Mr. Rubley presented the investment report for the month of December. Discussion was held on investment consultants the subcommittee has recommended interviewing 6 firms. Our existing consulting firm will not be included in the interview process. It was moved by Trustee Rhode supported by Trustee Hollister to appoint the subcommittee as the boards representative for the interview process, and to place an action item on the April agenda for awarding of the contract. Approved. by the following vote: Unanimously. The eetin ad* urned at 9:40 a.m. VMMinutesoved on`J ~�7 Robert W. Swanson, Secretary Police & Fire Retirement System Paul Luzynski, h r�erson RECEIVE- F ICIAL PROCEEDINGS OF THE BOARD OF TRUSTEES ij LAfi�SING CITY CLERK CITY OF LANSING POLICE & FIRE RETIREMENT SYSTEM Regular Meeting January 20, 1998 8th Floor Conference Room Tuesday, 8.30 a.m. City Hall, Lansing, MI The Board met in regular session and was called to order at 8;30 a.m. Present: Trustees Cochran, Hollister, Holliday, Lankheet, Luzynski, Rhode — 6. Absent: Trustee Adado — I. Others: Robert Swanson, Meriane Schuiling, Doug Rubley, Finance Operations; Jack Jordan, Law Department. It was moved by Trustee Lankheet supported by Trustee Hollister to approve the minutes of the regular meeting of December 16, 1997. as amended. Adopted by the following vote: Unanimously. The Secretary reported: 0 new member(s) 0 reinstatement(s), 2 refund(s) 0 transfers and 0 retired. Total active membership: 553. Refunds made since the last regular meeting amounted to.- $543.62. Retirement allowances paid for the month of November, 1997 amounted to $969,272.79. Total retirement checks printed for the P&F System: 492. Total retirement checks printed for all three systems: 1,093. 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 Hollister to approve the application for regular age and service retirement for David W. Castelein, Police Department age 47 with 26 yearservice credits effective January 5, 1998. ��- Adopted by the following roll call: Yeas: Cochran,"Hollister, Holliday, Lankheet, Luzynski, Rhode. Nays: None. It was moved by Trustee Hollister and supported by Trustee Lankheet to approve the application for regular age and service retirement for Paul S. Teszlewicz of the Police Department age 46 with 26 years service credits, effective March 20, 1998. Adopted by the following roll call: Yeas: Cochran, Hollister, Holliday, Lankheet, Luzynski, Rhode. Nays: None. Police & Fire Retirement Board Regular Meeting of January 20, 1998 page 2 It was moved by Trustee Cochran and supported by Trustee Hollister to approve the application for regular age and service retirement for Paul L. Hufnagel, Fire Department age 50 with 26 years 6 months service credits, effective January 7, 1998. It was moved by Trustee Luzynski and supported by Trustee Holliday to approve the request for conversion from Duty Disability to Regular Age and Service Retirement for Bruce Freeman who turned 55 on December 21, 1997. Approved by the following vote- Unanimously. It was moved by Trustee Hollister supported by Trustee Lankheet to excuse Trustee Adado from the meeting. Approved by the following vote: Unanimously. It was moved by Trustee Hollister and supported by Trustee Lankheet to forward the request of Reynaldo Gonzalez for a Re—examination of Disability to Dr. Chiodo. Approved by the following vote: Unanimously. It was moved by Trustee Holliday and supported by Trustee Lankheet to forward the letter from ASTEC Consulting concerning a clinic on Due Diligence in Contract Reviews and RFP Evaluations to the Law Department for review. Approved by the following vote: Unanimously. It was moved by Trustee Hollister and supported by Trustee Cochran to approve the change the 1.1 million transfer from the equity managers to 1.2 million. Approved by the following vote: Unanimously. Lou Adado Jr. will be replacing Tony Benavides as new member of Police and Fire Retirement Board. The Law Department has written letter to Hannah concerning contract amendments. Doug Rubley gave the investment report. Trustee Cochran will look into the purchase of a plaque for Bill Barkyoumb for his service on the Board and get back with the retirement board at the next meeting. Mr. Rubley informed the board that there were three finalists for the Retirement Analyst position and that interviews will be held in the next two weeks. Mr. Rubley informed the board that there were 17 proposals received for the RFP for Investment Consultant and the subcommittee will be meeting to review. A discussion was held about setting up a sub—committee to work with the new Retirement Analyst on creating a pamphlet on the retirement process. Police & Fire Retirement Board Regular Meeting of January 20, 1998 page 3 The meeting adjourned at 9.4 a.m. 7- za4l�'t�" Minutes approved on 2 Robert W. Swanson, Secretary e&��Zlvwll Police & Fire Retirement System Paul Luzynski, C Vrlerson