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MINUTES
CITY OF FORT COLLINS
EMPLOYEES' RETIREMENT BOARD
MEETING HELD NOVEMBER 17, 1976
Members Present: John Hartman, Jack Williams, and Ronald R. Wood
Members Absnet: Warren Dalke and Phillip Shade
The meeting was called to order at 3:30 p.m. on November 17, 1976. Minutes
of the August 30, 1976 meeting were approved as submitted.to the board.
The following applications,of retirement were submitted to the board for
approval or discussion.
Fred Gerlock - Ronald Wood advised the board that Fred Gerlock would like
to apply+for the lump sum payment of $12,052.95 under disability
retirement. Mr. Gerlock is arranging to have two doctors submit
letters regarding his condition to the board. Ron Wood outlined
the factors involved in Mr. Gerlock's decision to select the
•
lump sum payment. Jack Williams moved to approve this lump sum
payment should Mr. Gerlock select this option subject to
satisfactory evidence submitted and approval by both the City
Manager and Director of Finance that Mr. Gerlock is disabled.
Seconded by Ronald Wood. Motion passed unanimously.
John Renz - Application for the Full Joint and Survivor Option in the amount
of $22.52 monthly was submitted for Mr. Renz. Retirement date
of October 20, 1976. Jack Williams moved this retirement be
approved. Seconded by Ronald Wood. Motion passed unanimously.
Max Filloon - Corrected figures from the actuarian were submitted. Ronald
Wood moved we amend the monthly payment to $21.92. Seconded
by John Hartman. Motion passed unanimously.
Oran Bivens Ronald Wood advised the board that Mr. Bivens had inquired
about the retirement optionsavailableto him, explaining this
may possibly be another disability application. At this point,
there was discussion of the definition of "disability". Mr.
Wood advised the board they could review disability retirements
at any stated time after being granted.
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City of Fort Collins
• Employees' Retirement Board Minutes
Page 2
Meeting held November 17, 1976
John Stahl - The board was advised that when John Stahl originally made
application for retirement the actuarian expressed some concern
about the eligibility for retirement benefits, and suggested
the City Attorney provide an opinion (copy attached). The board
agreed with the ruling of the City Attorney. Due to the fact
Mr. Stahl has not selected an option no approval was granted
at this time.
The financial statement for the Employees' Retirement Fund for the period ending
September 30, 1976, was submitted for review of board members. (Copy attached).
Meeting adjourned
• 11-18-76
Respectfully submitted,
Ronald R. Wood
Director of Finance