HomeMy WebLinkAboutMINUTES Firemen's Pension Board 2000-03-17BRADFORD PUBLISHING CO.
RECORD OF PROCEEDINGS
Town of Estes Park, Larimer County, Colorado, March 17, 2000
Minutes of a Regular meeting of the FIREMEN'S PENSION BOARD of
the Town of Estes Park, Larimer County, Colorado. Meeting held in the
Municipal Building in said Town of Estes Park on the 17th day of March,
2000.
Board:
Attending:
Also Attending:
Absent:
Mayor Dekker, Fire Chief Dorman, 1st Ass't Chief McCown, 2nd Ass't.
Chief Weakland, Dept. Member Deats, Treasurer Vavra, Clerk
O'Connor
Mayor Dekker, Chief Dorman, 2nd Ass't. Chief Weakland, Dept.
Member Deats, Treasurer Vavra, Clerk O'Connor
None
1st Ass't. Chief McCown
Mayor Dekker called the meeting to order at 9:00 a.m.
Chief Dorman noted that State Statute requires three Fire Dept. members to serve on
the Firemen's Pension Board, thus Dept. Member Deats will be attending all such
meetings..
ACTUARIAL STUDY— UPDATE ON ESTIMATED BENEFIT IMPROVEMENT COSTS.
Treasurer Vavra briefed the Board on the frequency and purpose of the actuarial study.
Discussion followed on the estimated benefit increases between $3001mo. - $350/mo.,
and pre -retirement death benefit. The current pension rate is $225/mo., and was last
increased effective July 1, 1996.
Should the Board approve an increase, the budget must be supplemented, and any
budget supplement must be approved by the Board of Trustees.
It was moved and seconded (O'Connor/Dorman) the following be approved, and it
passed unanimously:
1. The base pension benefit be increased from $225 to $325/mo. for all
current individuals receiving pension and all future retirees, effective
May 1, 2000.
2. The Pre -retirement death benefit be authorized for a surviving spouse of
an active volunteer firefighter killed in the line of duty at the base
pension benefit, said benefit to be pro -rated based upon the number of
years of service until the spouse's death or re -marriage.
3. The Firemen's Board requests the Board of Trustees approve a Year
2000 Budget Supplement (estimated to be $15,400) that is to be
prepared by Treasurer Vavra and submitted to the Town Board on April
11th
It was also noted that the Pension Board's goal is to raise the pension rate to $350/mo.
for the 2001 Budget.
BRADFORD PUBLISHING CO.
RECORD OF PROCEEDINGS
Firemen's Pension Board - March 17, 2000 - Page 2
MISCELLANEOUS.
As reported at the last meeting, research continues on financial incentives for members
to fill and/or retain officer positions
There being no further business, Mayor Dekker adjourned the meeting at 9:34 a.m.
Vickie O'Connor, CMC, Town Clerk