HomeMy WebLinkAbout1986-09-08 MinutesMINUTES OF A MEETING OF THE FIREMEN'S PENSION & RELIEF FUND BOARD
A meeting of the Firemen's Pension and Relief Fund Board was held on
Monday, September 8, 1986 at 4:00 p.m. in Room 313 of City Hall.
PRESENT: Chairman Grimes, Secretary Kennedy, Fire Chief Jackson,
Firemen Judy and Reagan, Retiree Springston,
Administrative Services Director Linebaugh
ABSENT: Fireman Dill
Call To Order
The meeting was called to order by Chairman Grimes.
Minutes
The minutes of the August meeting were approved as submitted.
Pension List
The Pension List for September was considered. Linebaugh noted that
Bill Boudrey and Howard Boudrey were requesting retirement, although no
application had been received from Howard Boudrey. Linebaugh explained
that Bill Boudrey was requesting a monthly pension benefit of $1,287.05
but that he should actually receive $1,266.21, because Boudrey had
included $20 per month for Acting Fire Chief's salary, which should not
be included in his actual earnings for that year. Mickey Jackson said
he had worked in that capacity for approximately two months and was
paid approximately $500 in a separate check. Jackson said he thought
it would be hard to establish a precedent for that which could be
applied fairly and equally every time it came up in the future.
Linebaugh said the rules read that salary be commensurate with the
rank, and Boudrey was still an Assistant Chief when he retired.
Linebaugh added that Kathryn Hinshaw of the State office had ruled the
amount should not be eligible.
Mickey Jackson submitted a letter from Howard Boudrey. Chairman Grimes
explained that Howard Boudrey must fill out a standard application
form. Grimes suggested both retirements be approved, with Bill
Boudrey's complying with the statutory requirements, and that Howard
Boudrey's be approved subject to his submission of the proper form
within the next couple of days.
Fire Pension Minutes
September 9, 1986
Page 2
Reagan, seconded by Judy, made a motion to approve the retirements as
recommended by Grimes.
Jackson noted that Howard Boudrey's pension benefits would amount to
$1066.66.
The motion passed, 6-0, with Dill absent.
It was moved by Reagan, seconded by Springston, and passed, 6-0, to
approve the Pension List for September with the inclusion of Howard and
Bill Boudrey.
Request for Benefit Increase
Linebaugh reported the staff had calculated how a $50 per month benefit
increase would affect each person on the Pension List, to see how many
would have problems. Linebaugh stated four persons would end up with
an amount over that which a present employee could earn if they retired
now.
Grimes suggested approval be given for everyone to receive either a $50
increase up to the dollar amount less than what a present employee
could earn in that rank.
Linebaugh listed the four persons to be Arnold King, Donald Miller,
Ronald McArthur and Troy Schader.
Some errors in some of the salaries on the list were pointed out - for
Richard Baird, Jack Boudrey, and Randall Wright. It was pointed out
that Troy Schader's rank on the list should be shown as Firefighter
rather than Lieutenant.
Grimes asked the Board to consider the benefit increase be for $50, or
any amount up to $50 which would bring the benefit amount to the break-
off point for their rank.
Jackson asked how to determine what a retiring firefighter earns now.
He asked if the top -out figure would be used. Jackson said, if that is
done, Lieutenants will be higher than Springston, who went up a grade
but down in steps when the new Pay Plan was adopted. Jackson explained
that Springston is four steps below the top for Lieutenant. Jackson
asked if Springston's retirement today would be used as a measure or
would Grade 13, Step G be used as a measure. Reagan said he thought
the topped out amount should be used, since normally a person retiring
has topped out in his rank.
Linebaugh said he thought Miller would be the only Lieutenant eligible
for an increase. He said he thought the Firefighters who would not be
eligible for an increase would be Miller and Schader. He said all
Captains appear to be eligible, and all Assistant Chiefs and Chiefs
would be eligible.
Reagan suggested additional research be done to be sure all the
information on the list is correct; and that the total cost and a
recommendation be brought before the Board at its next meeting.
Jackson said he and Reagan would check on the figures.
Investments
Linebaugh reported the next investments to consider will mature in
October.
Turnback Check
Reagan reported this year's turnback check was larger than last year.
Linebaugh told the Board the check would be split between LOPFI and the
Pension Fund.
Adjournment
It was moved by Grimes, seconded by Reagan, and passed, 6-0, to adjourn
the meeting at 4:55 p.m.
New Meeting Time
It was agreed to change the time for future meetings to 4:00 p.m.
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IRMAN