pages: PensionBoard/2016-04-25.pdf, 1
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PensionBoard | 2016-04-25 | 1 | OF MINUTES OF THE REGULAR MEETING OF THE PENSION BOARD OF THE CITY OF ALAMEDA HELD 4:30 P.M., APRIL 25, 2016 ALAMEDA CITY HALL 2263 SANTA CLARA AVENUE, ALAMEDA CONFERENCE ROOM 391 1. The meeting was called to order by Chair Trish Herrera Spencer at 4:30 p.m. 2. ROLL CALL: Present: Chair: Trish Herrera Spencer, Trustees: Bruce Edwards, William Soderlund, Nancy Elzig, and Nancy Bronstein Staff: Geoffrey Buchheim, Financial Services Manager; Sharlene Shikhmuradova, Administrative Technician - Human Resources 3. MINUTES: The minutes of the Regular Meeting of January 25, 2016 was moved for approval by Member Edwards and seconded by Member Elzig. Passed 4-0. Member Soderlund followed up on his question from the previous Pension Board Meeting whether the two Pensioners on the 1082 Pension Plan get an increase due to the rise in the cost of living. Financial Services Manager, Geoffrey Buchheim answered the two pensioners indeed received a 2% increase in the last 3 years and noted if there is inflation, that amount may increase. He further mentioned the 1079 Pension Plan for Police and Fire are based on their MOUs. 4. AGENDA ITEMS: 4-A. Pension Payroll and Financial Reports - Quarter Ending March 31, 2016 and City of Alameda Police & Fire Pension Funds Financial Reports for the Period Ending March 31, 2016. | PensionBoard/2016-04-25.pdf |