pages: PensionBoard/2021-01-25.pdf, 1
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PensionBoard | 2021-01-25 | 1 | any OF TERKA MINUTES OF THE REGULAR MEETING OF THE PENSION BOARD OF THE CITY OF ALAMEDA HELD 4:30 P.M., OCTOBER 26, 2020 ALAMEDA CITY HALL 2263 SANTA CLARA AVENUE, ALAMEDA CONFERENCE ROOM 391 1. The meeting was called to order by Nancy Bronstein at 4:38 p.m. 2. ROLL CALL: Present: Mayor Marilyn Ezzy Ashcraft, Secretary Nancy Bronstein, Trustee Nancy Elzig, via teleconference, Trustee Bill Soderlund via teleconference. Staff: Annie To, Finance Director, Tran Nguyen, Financial Services Manager, Grace Li, Finance Accountant, Chad Barr, Human Resources Technician. 3. MINUTES: The minutes of the Regular Meeting of July 27, 2020 were moved for acceptance by Trustee Soderlund and seconded by Nancy Bronstein. Passed by roll call vote, 4-0. 4. AGENDA ITEMS: 4-A. Pension Payroll and Financial Reports - Quarters Ending September 30, 2020 and City of Alameda Police & Fire Pension Funds Financial Reports for the Period Ending September 30, 2020. Financial Services Manager Nguyen explained the quarterly reports. There was a small decrease in the 3rd month due to the passing of a pensioner, even though there was a uniform pay out. Mayor Ashcraft asked what happens to a plan when there are no members left in the plan. Staff member Nguyen stated that the actuarial had indicated it was likely the 1079 plan would end before the 1082 plan. Secretary Bronstein stated the excess revenue would then be transferred to the OPEB account. Mayor Ashcraft asked if City Council has approved the | PensionBoard/2021-01-25.pdf |