HomeMy WebLinkAboutRetirement Committee - Minutes - 01/12/2023
General Employees Retirement
Committee
215 N. Mason
2nd Floor
PO Box 580
Fort Collins, CO 80522
970.221.6788
970.221.6782 - fax
fcgov.com
GENERAL EMPLOYEES’ RETIREMENT COMMITTEE ZOOM MEETING
MINUTES
JANUARY 12, 2023
11 AM
Committee Members Present: Clark Mapes, Chair
Randy Bailey, Vice Chair
Del Bernhardt
Ralph Zentz
Committee Members Absent; Jackie Darner
Others Present: Amber Fluke
LeeAnna Vargas
Joel Stewart
Jenny Lopez Filkins
Carolyn Koontz
___________________________________________________________________
Meeting called to order at 11:02 am
1. Citizen Participation and Plan Member Comments – none noted
2. Consider Approving the Minutes from the Meeting of November 10,2022
Del Bernhardt made a motion to approve the minutes as presented.
Randy Bailey seconded the motion.
Approval confirmed via roll call; Ralph Zentz, Del Bernhardt, Randy Bailey, and Clark
Mapes.
3. Review and consider Plan member request for retroactive payment of benefits due to failure
to send eligibility letters (LeeAnna Vargas)
We have located everyone and no other retroactive payments are due at this time.
Completed
4. Plan Participant Updates (LeeAnna Vargas)
We have located all member addresses to send out the annual mailing (the
beneficiary form and the personal information form) to all active and term vested
members. Still working on locating 2 people. Letters were mailed yesterday to 24
term vested members and information was emailed to 32 active members.
We have already received some responses and follow-up questions.
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The deadline to respond is January 31, 2023. We also created a master list of
addresses to use going forward. Letters were not sent to GERP members actively
receiving benefits. We reached out to everyone who will be eligible in 2023.
And we are working on estimates as they come in. Statements will go out in April –
after we receive them from Milliman in March.
Blaine Dunn made original request.
Jenny Lopez; thank you to LeeAnna and Amber and to the HR team for putting a
process in place – great news.
5. Review Draft 2022 GERC Annual Report
Ralph Zentz made a motion to approve the 2022 Annual Report as presented.
Randy Bailey seconded the motion.
Approval confirmed via roll call; Ralph Zentz, Del Bernhardt, Randy Bailey, and Clark
Mapes.
6. Review Investment Report (Randy Bailey)
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7. Other Business
Please plan to attend the February 9th and March 9th GERC meetings as we review
assumptions for 2023 at the February meeting and we will need a quorum at the
March meeting when the valuation is presented.
Meeting adjourned at 11:34 am
Clark Mapes, Chair
Carolyn Koontz, Staff Liaison
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2/9/2023