HomeMy WebLinkAboutMINUTES Firemen's Pension Board 2009-06-23RECORD OF PROCEEDINGS
Town of Estes Park, Larimer County, Colorado, June 23, 2009
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 23rd day of June 2009.
Committee:
Attending:
Absent:
Mayor Pinkham, Fire Chief Dorman, Finance Officer
McFarland, EPVFD Members Birchfield and Landkamer,
Town Clerk Williamson
Mayor Pinkham, Fire Chief Dorman, Finance Officer
McFarland, EPVFD Member Landkamer, Town Clerk
Williamson
Member Birchfield
Chief Dorman called the meeting to order at 8:33 a.m.
ACTUARIAL STUDY.
Finance Officer McFarland reported the study has not been completed because
Milliman requires the Town's CAFR for the actuarial study. A draft of the CAFR should
be available within a week. He also stated the dive rescue team was added to the
pension program in 2007. A meeting would be scheduled in July to review the study
and discuss the potential for increasing the pension.
Chief Dorman and Member Landkamer requested a letter from Milliman to confirm the
date in which the dive team members were added to establish each member's effective
date. They also questioned whether the dive team member's eligibility date would be
retroactive. The Volunteer Fire Department bylaws would have to be amended to
reflect the change in status for the dive team members from an auxiliary team to a
technical team.
RETIREMENT BENEFIT — APPROVAL.
The Board reviewed the pension application submitted by Robert Hirning. Member
Birchfield verified that Mr. Hirning has 20 years of service. The application was filed on
March 3, 2009. Mr. Hirning turned 50 on July 18, 2008, and is eligible to receive
pension benefits. It was moved and seconded (Landkamer/Pinkham) the Application
be approved for Robert Hirning, and it passed unanimously.
MISCELLANEOUS.
Finance Officer McFarland stated the pension fund has outperformed the market during
the last quarter and is up from $938,000 to just over $1 million.
Finance Officer McFarland would confirm with Human Resources on whether any
firefighters have passed away to ensure the one-time death benefit has been
completed.
SET DATE FOR THE NEXT MEETING.
The next meeting will be set after Finance Officer McFarland receives the actuarial
study from Milliman.
There being no further business, Chief Dorman adjourned the meeting at 8:50 a.m.
Jackie Williamson, Town Clerk