body,date,page,text,path
PensionBoard,2017-01-30,1,"the
MINUTES OF THE REGULAR MEETING
OF THE
PENSION BOARD OF THE CITY OF ALAMEDA
HELD 4:30 P.M., OCTOBER 31, 2016
ALAMEDA CITY HALL
2263 SANTA CLARA AVENUE, ALAMEDA
CONFERENCE ROOM 391
1.
The meeting was called to order by Nancy Bronstein at 4:35 p.m.
2.
ROLL CALL:
Present: Nancy Bronstein, Bruce Edwards, Nancy Elzig, William Soderlund,
Absent: Chair Mayor Trish Herrera Spencer
Staff: Elena Adair, Finance Director; Nafisah Ali, Administrative Technician
-
Human Resources, Chad Barr, Administrative Technician - Human Resources
3.
MINUTES:
Member Edwards asked how Item 6 of the July 25th 2016 minutes, regarding
Industrial Disability Retirements, are approved. Human Resources Director
Nancy Bronstein answered that the Human Resources Director has the authority
for approval, but she will clarify what happens when there is a dispute and
provide the details of the answer for the next meeting. Member Soderlund
explained the Civil Service Board and Pension Board remained separate due to
PERS requiring the City to handle disputes, requiring decisions by the Pension
Board.
The minutes of the Regular Meeting of July 25, 2016 were moved for approval by
Member Elzig and seconded by Member Soderlund. Passed 3-0.
4.
AGENDA ITEMS:
4-A. Pension Payroll and Financial Reports - Quarter Ending September 30,
2016 and City of Alameda Police & Fire Pension Funds Financial Reports for the
Period Ending September 30, 2016.",PensionBoard/2017-01-30.pdf
PensionBoard,2017-01-30,2,"City of Alameda
Minutes of the Regular Meeting of the
Pension Board - Monday, October 31, 2016
Page 2
Finance Director, Elena Adair summarized the quarterly and fiscal year totals.
She noted that there is a slight decrease for the Pension dollar amount compared
to the previous quarter due to the passing of Ivan Thompson's widow. The
uniform allowance was paid in September and no other changes occurred.
She also noted there are twenty-three (23) members in both 1079 and 1082
Pension Plans.
She also stated that in the future the plan reports would be combined into the
General Fund report due to new accounting standards, but they are working with
auditors to include footnotes and would continue to provide a report for the
Pension Board. The Pension dollar amounts will be rolled into the Fire and
Police Department reports of the General Fund, respectively.
Member Soderlund moved to accept the financial statement as presented.
Member Elzig seconded. Passed 3-0
5.
ORAL COMMUNICATIONS, NON-AGENDA (PUBLIC COMMENT):
There was no communication from the public.
6.
PENSION BOARD COMMUNICATIONS (COMMUNICATIONS FROM BOARD):
Members Soderlund and Edwards re-affirmed Board's desire to understand how
City IDR's are resolved. Soderlund explained his previous experience with
challenges, stating it is like a court with pension members as members of the
jury.
Member Elzig wanted to know if Mayor Trish Herrera Spencer sent condolence
letter to passed pensioner Robert Fallrath's family and Nancy confirmed a letter
was sent. Nancy drafted it and it was signed by the Mayor. Member Sodurlund
stated there was no shortage of information about the Fallrath's work for the City.
Member Soderlund asked if retirees under the PERS system get condolence
letters. Nancy answered that the flag is flown at half-mast and we send letter
when possible, if we know the contact information and a photograph of the flag at
half-mast is also sent when possible.
7.
ADJOURNMENT:
There being no additional items to come before the board, the meeting was
adjourned at 4:57 p.m.",PensionBoard/2017-01-30.pdf
PensionBoard,2017-01-30,3,"City of Alameda
Minutes of the Regular Meeting of the
Pension Board - Monday, October 31, 2016
Page 3
Respectfully submitted,
Now
Ñancy Bronstein
Human Resources Director",PensionBoard/2017-01-30.pdf