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01/17/1990 Proceedings of the Pension Advisory Committee Mee,lng of January 17, 1990. Page 1 Prescnt. Tom Pudelski, Member Olenn Perry, Member H. Michael Laursen, Personnel Dircctor Deborah Lally, Personnel Deparlmenl Leo Schrader. Risk Manager Nancy Degner. City Nurse Cindy eHman, Personnel Records Specinllst Joseph DeSantis, PoHce Sergeant Robert Gundel. Fleet Maintcnance Edward Voiland, Building & Maintcnance j , /' "'/ The meeting was called to order at 9:30 A.M. Tom Pudelski moved to approve the minutes of January 3. 1990. The molion was duly seconded by Glenn Perry and carried unanimously. Tom Pudelski read the name(s) of the following employee(s) to be accepted into membership in the Pension Plan: Date of pmployroent Pension E1i2. Dalc Charles Maybin, Irr. Ser. Worker I Parks & Rcc./Nursery 1-15-90 1-15-90 Tom Pudelski moved to accept into membership the one (1) employee(s) listed above. The motion was duly seconded by Glenn Perry and carried unanimously. , ( . ~ Mr. Laursen is working on the procedures. No 'new information has been received on MIchael ()p~rator, Police Department, and Jacqueline Manager, Purchasing DIvision. Dandnneau, Sulek, former Police Communications Assistant Purchasing Albert Grynccwlcz, Accounting Clerlt II, Purchasing Division, is on the agenda for the Trustees' meeting of January 29. 1990. The Committee previously had approved him for pension but at the request of the Trustees he was sent for an 1ME. The report has been received and the Trustees now must take final action. . Joseph DeSantis, PoUce Sergeant, Police Department, advised the Committee thut he was approved for pension by the Trustees at their meeting on January 16. 1990. He then addressed the Committee on several issues. Sgl. DeSantis asked Mr. Pudclski if he recalled a conversation he had several months ago with Detective. Teunis concerning, the fact that the Committee no longer considers the cholesterol level ,when making determinations about pension eligibility. Mr. Pudelski stated he did not recall the conversation. Secretary Laursen reminded the Committee about the five Police Recruits who initially were uot accepted for membership by the Committee because of various reasons, including high cholesterol readings, and the latcr detcrmination made by the Committee that it could not " 1 Proceedings of the Pension Advisory Committee Meeting of January 17, 1990. Page 2 overrule the doctor on B medical judgmcnt. These recruits were approvcd by the Commiltee nnd at the Committce's suggestion were sent letters advising them to check with their physicians regarding their problems. Mr. Laursen stated the medical examination still mensures cholesterol, etc.. nnd these are considered by the doctor when making a medical judgment. Sgt. DeSantis raised a question about using 12% as the amount of interest to be paid on the pension money he would hove to pay back. He made reference to two memoranda from the Finance Department which showed projections based on different rates of interest. His attorney had oddressed the Trustees ot their meeting on Januory 16th stating it might be appropriate to use the actual rate of intere'st that the pension fund earned during the period his money was not in the fund. Sgl. DeSantis stated this would benefit the City as well since it would have to match whatever he pays. Mr. Perry stated the Committee had determined that the rllte to be used was the interest rate that Treasury bonds received during the lime the money was not in the fund. Mr. Laursen stated the City does not pay into the fund on a dollar~to~dolIar basis but pays according to actuarial projections. Sgt. DeSantis requested a letter outlining the actual procedure reHowed. Mr. Laursen stated the Pension Plan has done quite well with investments and actually may have earned more than 12%: therefore, it may not be in the best interest of Sgt. DeSantis to use the actual rate of interest earned. Tom Pudolski moved that before making a determination the Committee be supplied with the transcript of the meeting between the Trustees and Sgt. DeSantis' attorney and a computation from Finance using the rate of interest earned at the time. The motion was duly seconded by Glenn Perry and carried unanimously: Sgt. DeSantis asked if there were time constraints as to when the money must be paid and was advised that there arc none. He suggested that now that he is back in the Pension Plan the question of paying back the money be tabled until such time as all litigation is completed. Mr. Perry stated he did not agree with this since litigation can take a long time and there is some concern as to what would happen if Sgt. DeSantis were to become disabled and he only had credit back to April of 1989. Sgt. DeSantis stated for the record that any figures and variables are items involved in the litigation. He then raised the question of the method to be used for paying back the money, i.e. must it all be paid at once, etc. Mr. Pudolski asked Sgt. DeSantis if he received the money in a lump sum when he withdrew it. Sgt. DeSantis stated he received two checks, one to pay back a pension loan and one for himself. Mr. Laursen will get the figures from Finance so this can be discussed at the next meeting. Sgt. DeSantis stated for the record that Mr. Pudelski's attitude seems to be negative towards him. The Committee considered the request of Stuart Witliams, License Inspector II, Planning & Development Department, for a regular pension. Tom Pudelski moved that Stuan Williams be granted a pension based on his years of service. The motion was duly seconded by Glenn Perry and carried unanimously. I I i ~ I I I I , I I ~ ~ ~ L , " t r t ~ i- t Proceedings of the Pension Advisory Committee Meeting of January 17, 1990. Page 3 The Committee considered the request of Deborah Potlerson, Metcr Rcader I, Utilities De p II r t men t. for a job.conncctcd disabUity pension. No BClion can be taken since an members arc not present. Mr. Pudelski did state that it came to his attention that Ms. Patterson may be employed elsewhere. Nancy Degner. City Nurse, advised the Committee that she has the name and telephone number for the company where Ms. Patterson is working. Ms. Degner also stated that Ms. Patterson was scheduled for an IME on 1/22/90 under Workers' Compensation. The Committee considered the request of Robert Boker, Pollee Officer, Pollee De par t men t , for a regul ae pension. Tom Pudolski moved that Robert Baker be granted a pension based on years of service. The motion was duly seconded by Glenn Perry and carried unanimously. ' The Committee considered the request of Edward Volland, Building & Maintenance SuperIntendent, Bundlng & Maintenance Division. for a job-connected disability pension. No action could be taken on this since all members were not present. The Committee will consider this matter at its February 7th meeting. i I I I , ' Robert Gundel, Fleet Maintenance. appeared before the Committee to question his pension participation dale. Mr. Gundel was originally employed on January 28. 1980, as a Motor Pool Trainee and accepted into the Pension Plan as of January 28. 1980. In May of 1980 he was promoted to Mechanic 1 and. in. accordance with the rules in force at the time. resigned as a Motor Pool Trainee' to accept this promotion. He was accepted into the Pension Plan again as of May S. 1980, and should have had his pension contributions from January 18, 1980. to May 4. 1980. returned to him which they were not. He needs clarification as to what his actual participation date is since there is a discrepancy. Personnel wlll check into this and advise Mr. Gundel at the next meeting. Tom' PudClski moved that the meeting be adjourned. The motion was duly seconded by Glenn Perry and carried unanimously. The meeting adjourned at 10:12 A.M. Respectfully submitted, I ~ 91 . a. Michael I:a sen Personnel Director and Secretary. Pension Advisory Committee I I \