HomeMy WebLinkAbout06-27-2002
CITY OF AUBURN
FIRE RELIEF & PENSION BOARD
MINUTES
June 27, 2002
I. Call to Order
Mayor Lewis called the meeting to order at 10:08 AM in Room 1 located on the
main floor of Auburn City Hall. Fire Relief and Pension Board Members present
included Mayor Peter B. Lewis, Finance Director Shelley Coleman, and Member
Dave Fugit. Members Fred Poe and Russ Vandver were absent. Also present
was Deputy City Clerk Cathy Richardson.
II. Approval of Minutes
Motion by Member Fugit, second by Member Coleman to approve the June 26,
2001 meeting minutes.
MOTION CARRIED UNANIMOUSLY. 3-0.
III. Unfinished Business
There was no item for review under this section.
IV. New Business
A. Fire Relief and Pension Cost of LivinQ Benefit Increase
The Board reviewed a memo dated June 27, 2002 to Finance Director
Coleman from Finance Analyst/Payroll Supervisor Christina Ericksen
regarding the Fire Relief and Pension benefit increase. The memo
addressed the cost of living increase (COLA) in annual pension benefits to
pensioner beneficiaries, Ms. Catherine E. Franklin, Ms. Mary Jane Tinsley,
and Ms. Dorothy Hansen. The memo also addressed corrections to the
2001 Fire Relief and Pension increases for beneficiaries Dorothy Hanson
and Mary Jane Tinsley.
Motion by Member Coleman, second by Member Fugit to approve an
increase in annual pension benefits to pension beneficiaries Franklin,
Tinsley, and Hansen in the amount of 3.15% based on the 2001 CPI-U
and corrections to the 2001 Fire Relief and Pension increases for
beneficiaries Hanson and Tinsley.
MOTION CARRIED UNANIMOUSLY. 3-0.
B. Approval of Claims
Board Members briefly reviewed fund expenses including $178,598 in
benefit payments, $38,341 in long term care insurance premiums for Fire
Relief and Pension Members, and $13,227 in administrative expenses.
The Fire Relief and Pension Fund has assets of $3,676,196.
Motion by Member Fugit, second by Member Coleman to approve the
2001 expenses of the Fire Relief and Pension Fund.
MOTION CARRIED UNANIMOUSLY. 3-0.
C. Investment Authorization
Motion by Member Fugit, second by Member Coleman to authorize the
Treasurer of the City of Auburn to make such investments as may be
appropriate from the Fire Relief and Pension Fund.
MOTION CARRIED UNANIMOUSLY. 3-0.
D. Correspondence
Members reviewed correspondence from Ms. Mary Jane Tinsley dated
June 12, 2002. Ms. Tinsley requested the City review the method of
benefit payments and deductions with regard to the cost of living increase
from the State.
Member Coleman stated she would review benefit payment procedures.
V. Adjournment
There being no further business to come before the Fire Relief and Pension
Board, Mayor Lewis adjourned the meeting at 10:24 AM.
Approved this
.::? ~
.......;tJ-
day of r
,2003.
...,~..__....<.".- \
,~;:Ç(£^-~.~-?) 2) L~ C. ~._ L[ ~ ~/
Cathy Richardson, Deputy City Clerk
I :/clerk/leoff/2002m6-27FR&P