Board of Police & Fire Pension Fund Commissioners Meeting
1. CALL TO ORDER
2. ROLL CALL
3. CONSENT CALENDAR
(Consent Calendar items are considered to be routine by the Commission/Committee/Board and will be enacted by one motion. By approval of the Consent Calendar, the staff recommendations will be adopted unless otherwise modified by the Commission/Committee. There will be no separate discussion on these items unless a Commission/Committee/Board Member or a member of the audience requests removal of the items from the Consent Calendar.)
3-1 Approval of pension payments for the month of October 2013 in the amount of $116,654.53. (See attached spreadsheets for calculations of service disability Police plan member benefits.)
Staff recommendation: Approve
4. APPROVAL OF MINUTES
4-1 Minutes of the regular meeting of September 24, 2013.
Staff recommendation: Approve
5. PUBLIC COMMENT
For persons desiring to address the Commission/Committee/Board on an item that is not on the agenda please note that each speaker is limited to three (3) minutes. The Brown Act limits the Committee’s ability to take and/or discuss items that are not on the agenda; therefore, such items are normally referred to staff for comment or to a future agenda.
6. DISCUSSIONS AND POSSIBLE ACTION ON MATTERS RELATED TO THE FOLLOWING ITEMS:
9-1. Approval of reimbursement to City of Albany in the amount of $217,599 for overfunding of Plan from pension override funds in 2012-13 Fiscal Year.
(a) Memo from Paul Rankin, Interim Finance Director re Correction of Fiscal Year 2012-13 Contribution Based on Actuarial Valuation
Staff recommendation: Approve
7. ANNOUNCEMENTS/COMMUNICATIONS
7-1. Memo dated October 22, 2013 from Chairperson Denton to Board of Police & Fire Pension Fund Commissioners announcing change of meeting time to 9:00 a.m. effective November 1, 2013.
7-2 Copy of letter dated October 3, 2013 (with attachments) from Chairperson Denton to Archie Stirling responding to his inquiry on incentive pay calculation differences in Police members.
8. FUTURE AGENDA ITEMS
(Commission/Committee/Board Member announcement of requests for future agenda items. No public comment will be taken on announcement of future agenda items).
8-1.The next regularly scheduled Pension Board meeting will be held on Tuesday November 26, 2013 at 9:00 a.m.
9. ADJOURNMENT
The Commission/Committee/Board packet is available for public inspection at City Hall. The agenda is available for public inspection at Albany Library and Senior Center. The agenda and supporting staff reports, if available, can also be found on our web page at www.albanyca.org.
Please note that if you provide your name and address when speaking before the Commission/Committee/Board it will become part of the official public record, which will be posted on the Internet.
Date posted: Tuesday, October 22, 2013
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