HomeMy WebLinkAboutRETIREMENT COMMITTEE - MINUTES - 09/12/2024
General Employees Retirement
Committee
215 N. Mason
nd Floor
Fort Collins, CO 80522
970.221.6788
970.221.6782 - fax
fcgov.com
GENERAL EMPLOYEES’ RETIREMENT COMMITTEE ZOOM MEETING
MINUTES
SEPTEMBER 12, 2024
11:00 AM
Committee Members Present: Clark Mapes, Chair
Randy Bailey, Vice Chair
John Unger
Ralph Zentz
Members Absent: Jackie Darner
Others Present: Amber Fluke
Adam Halvorson
LeeAnna Vargas
Jenny Lopez Filkins
Joel Stewart
Carolyn Koontz
Zack Cziryak - FIN News
_______________________________________________________________
Meeting called to order at 11:05 a.m.
1. Citizen Participation and Plan Member Comments - none noted.
2. Consider Approving the Minutes from the Meeting of June 13, 2024
Ralph Zentz made a motion to approve the minutes as presented.
John Unger seconded the motion.
Approval confirmed via roll call; Clark Mapes, John Unger, Randy Bailey and Ralph Zentz
3. Plan Participant Updates (LeeAnna Vargas)
Two members are eligible this month to start receiving benefits, one of whom elected a lump
sum benefit.
Earlier this year, Age 65 letters were sent to three upcoming eligible employees; as of the
date of this meeting, none of the three have requested an estimate.
No deceased members to report
4. Question about whether overpayment should be recovered from GERP
member who received benefits distributions in error (Amber Fluke)
In service distributions are no longer allowed. No benefits can be paid to a member who is
still working. An overpayment was made to an employee who is planning to retire in
January.
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Ralph Zentz made a motion that the committee will not collect over payment from Mr.
Seaver’s for in-service distribution that were erroneously made.
John Unger seconded the motion
Approval confirmed via roll call; Clark Mapes, John Unger, Randy Bailey and Ralph Zentz
5. Review Investment Report (Adam Halvorson)
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6. Investment Manager Next Steps (Randy Bailey)
Due to conflicting priorities, Randy will plan to give an update during Q1 of 2025. John
Unger complimented Adam Halvorson on his efforts on this project.
7. Other Business - none
The meeting adjourned at 11:45 a.m.
Clark Mapes, Chair
Carolyn Koontz, Staff Liaison
Docusign Envelope ID: 5ED8BC15-851A-4FC9-A7E5-ABEC3EFAF169