HomeMy WebLinkAboutRetirement Committee - Minutes - 09/01/2005General Employees' Retirement Plan
City of Fort Collins GENERAL EMPLOYEES' RETIREMENT COMMITTEE
September 1, 2005, MEETING MINUTES
Approved on October 13, 2005
COUNCIL LIAISON: Councilman Berk Manvel
COMMITTEE Jim O'Neill, Vice hair, 2f 211-,67777i9
MEMBERS Charles Seest, 221-6788
PRESENT: Michele Hays -Johnson, 416-2158
MEMBERS Dottie Nazarenus, 204-4429
ABSENT: Susan Lehman, Chair, 221-6813
OTHERS Pat Kahle (Actuary, Milliman)
PRESENT: Greg Tempel (City Attorney's Office)
Debbie Weedman (Human Resources)
Bill Switzer, 221-6713
CALL TO ORDER: Jim O'Neill called the meeting to order at about 1:35 p.m.
PUBLIC PARTICIPATION AND PLAN MEMBER COMMENTS: The Committee
reserves this place on the agenda to receive comments from Members of the Plan
or the public.
APPROVAL OF MINUTES: Minutes of the July 28, 2005, meeting were
distributed. Michele Hays Johnson moved to table the approval of the July 28,
2005, minutes until the next meeting of the General Employees' Retirement
Committee. Bill Switzer seconded this motion. The motion passed unanimously (4-
0).
DISCUSSION TOPICS:
1. Plan Philosophy: There were no comments on Plan Philosophy.
2. Update on Summary Plan Description: The City Manager's Office had a four-
year plan for increasing the funding levels by $200,000 in 2006; $200,000 in 2007;
$200,000 in 2008; and by $100,000 in 2009.
3. Monthly Investment Report: No monthly investment report was available.
Chuck Seest hopes to present one at the October meeting.
4. Other Business: There was no other business.
215 North Mason Street • 2nd Floor • P.O. Box 580 • Fort Collins, CO 80522-0580 • (970) 221-6788 • FAX (970) 221-6782
General Employees' Retirement Committee
September 1, 2005, Meeting Minutes
Page 2 of 2
Adjournment: Chuck Seest motioned to adjourn the meeting, and Bill Switzer
seconded the motion. The motion passed unanimously (4-0).
TOPICS FOR NEXT REGULAR MEETING
The next regular meeting of the Committee will be held on October 13, 2005, at
1:15 p.m. in meeting room 2A at 215 North Mason Street. The tentative agenda
includes:
Public Participation & Plan Member Comments
Approval of Minutes
Plan Philosophy
Monthly Investment Report
Changing Meeting to 2nd Thursday of Month
Other Business
GENERAL EMPLOYEES' RETIREMENT PLAN WEB PAGE: The Plan's web page
can be found at www.fcgov.com/cityclerk/retirement.i)hp. The Committee's 2004
Annual Report, 2005 Work Plan, and monthly minutes are available at this site.
2005 Meeting Schedule:
The regular meeting time for the Committee is at 1:15 p.m. on the first Thursday of
each month. The regular location is 215 North Mason Street, meeting room 2A.
For 2005, the Committee has scheduled the meetings as shown below:
3a+y4 (moved to July 28) October 6
August 4 (moved to July 28) November 3
September1 December 1