HomeMy WebLinkAbout06-26-2001
CITY OF AUBURN
FIRE RELIEF & PENSION BOARD
MINUTES
June 26, 2001
I. Call to Order
Mayor Booth called the meeting to order at 3:03 PM in the Mayor's Office
located on the main floor of Auburn City Hall. Fire Relief and Pension
Board Members present included Mayor Charles A. Booth, Finance
Director Shelley Coleman, and Member Russ Vandver. Members Jeanne
Barber and Dave Fugit were absent. Also present was City Clerk Danielle
Daskam.
II. Approval of Minutes
Motion by Member Vandver, second by Member Coleman to approve the
June 26, 2000 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 Increase Benefit
The Board reviewed a memo dated June 8,2001 to Acting Finance
Director Shelley Coleman from Financial 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 the pensioner beneficiary, Ms.
Catherine E. Franklin. According to the U.S. Department of Labor,
the 2000 CPI-U was 3.0%. The annual increase will be $395.23
Motion by Member Vandver, second by Member Coleman to
approve an increase in annual pension benefits to the estate of
Ben Franklin in the amount of 3.0% based on the 2000 CPI-U for
an annual increase of $395.23.
MOTION CARRIED UNANIMOUSLY. 3-0
Fire Relief and Pension Board Minutes
June 26, 200'
Page 2
B. Approval of Claims
Board members briefly reviewed fund expenses including $16,092
in administration fees, $183,228 in benefit payments, and $33,663
in long-term care insurance premiums for Fire Relief and Pension
Members. The Fire Relief and Pension Fund has assets of $3.6
million.
Motion by Member Vandver, second by Member Coleman to
approve the 2000 expenses of the Fire Relief and Pension Fund.
MOTION CARRIED UNANIMOUSLY. 3-0.
C. Investment Authorization
Motion by Member Vandver, 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.
V. Adjournment
There being no further business to come before the Fire Relief and
Pension Board, Chair Booth adjourned the meeting at 3:15 PM.
fj
Approved this ,;. f} LY day of
f¿td;)x D~
Damelle Daskam, Secretary
,2002.
F:\clerk\leoff\2001 m6-26FR&P.doc