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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. ,rt.. -arc 9 4C. - IRMAN