CITY OF SAN DIEGO

RETIRED EMPLOYEES ASSOCIATION

BOARD OF DIRECTOR’S MEETING

APRIL 13, 2004

ATTENDANCE

BOARD MEMBERS: All Board members present except Dave Wood.

RETIREE ISSUES TASK FORCE: Bob West

GUESTS: Rosie Wiseman, Ruth Ann Hageman

President Nancy Acevedo called the meeting to order at 9:30AM.

APPROVAL OF MINUTES

The minutes of the Board of Director’s meeting of March 9, 2004 were approved as submitted.

TREASURER’S REPORT

Treasurer Sylvia Tatum reported a balance in the Operating Fund on

March 1, 2004 of $1,993.88. Income for March totaled $1,395.96 and expenses were $1,081.16. Operating Fund balance on March 31, 2004 was $2,308.68.

Reserve accounts totaled $10,197.63 for a grand total in all accounts of $12,506.31.

PROGRAM CHAIRMAN

Vice President Adam Saling reported the following programs:

APRIL: Jack Stephens speaking on estate planning & long-term health care

MAY: Coast Guard Captain Joe O’Hagen speaking on homeland security

JUNE: Health Care insurance Plan representatives

RETIREE ISSUES TASK FORCE

Dave Crow said there was nothing new on benefit requests. He said Fred Pierce, president of the Retirement Board stated that, based on current stock performances, funds would be available this fall for a 13^th check and all three Corbett Settlement checks due.

Nancy stated that an item on the next Retirement Board meeting agenda concerned “technical changes and Municipal Code revisions”. Dave and Judy said they had reviewed the items and they were just “housekeeping” revisions for clarification, eliminating outmoded references, etc.

HEALTH ADVISORY COMMITTEE

The next meeting will be April 16^th. At issue will be the continuation of the Health Care Counsel at $57,000 per year. Although it is not used to a great degree, staff will recommend that the HCC be retained. A motion was made that the Board support the retention of the HCC for another year. Passed unanimously.

COMMITTEE REPORTS

NEWSLETTER

Joe Flynn reported that he is working with John Tsiknas and son on the web site.

He said response to his request in the last Newsletter for people to send him their e-mail addresses had a low response (only about 20) He will try again in the next newsletter and also pass out forms at today’s meeting for people to fill in with their e-mail info. Based on a show of hands at last month’s meeting about half of the members have computers and e-mail. Cutting the mailing costs by half would be a big yearly savings in postage.

It was suggested that the Retirement Office phone number be printed in every newsletter.

MEMBERSHIP

Charles Buchanan said he was informed by Jan Beaton that the format for pre-retirement seminars was being reformulated and that there would be no seminars until after July 1^st.

ACTIVE EMPLOYEES

Alice Anglim reported that with the new City Manager coming on board there was no current discussion of layoffs, furloughs, etc.

WEB SITE COMMITTEE

John Tsiknas gave a report on the progress of the web site. With the help of his son Greg, John has developed a preliminary “home page” using topics mentioned at the last Board meeting and passed out a paper copy. Two immediate items needed are a “domain name” and a logo and other graphics for the home page. “CSDREA” was suggested for a domain name. If this is available John will set it up and inform the Board so they can log-on and check out what has been set up so far and make suggestions.

John explained that we need a “web master” to keep the web page up to date and make changes when necessary (probably John for the time being) and a “web host” whose computer would actually contain our web site. There are companies that do this for about $100 per year. They keep track of “hits” on the site and various divisions and other statistics and report back to the web site owner at periodic intervals.

Joe Flynn and Rosie Wiseman will contact Marilyn Milliken and Steve Talian to see if they would be interested in developing a logo and graphics for us.

ADVOCACY POLICY COMMITTEE

Adam Saling reported that the committee was making good progress and would probably have a report ready for the Board’s review at the June meeting.

OTHER BUSINESS

ITEMS FOR FREE SPIRIT

Suggestions: reiterate new “associate” membership in CSDREA; web site info.

STATUS OF LAWSUIT

Lawsuit settlement information has been sent to all retirees. Nancy said Mike Conger would like to address the membership and answer questions before the court hearing on approval of the settlement on May 7^th. He is out of town today.

Adam Saling moved that a special meeting of the association be convened before May 7^th. Seconded by Don Robbins. Don suggested a show of hands at today’s meeting to get an idea of how many members would attend a special meeting. Motion passes on a 7-4 vote. Ruth Ann Hageman volunteered to help Adam and Joe Flynn find a meeting site and time.

PENDING ISSUES

Nancy reported no progress on getting responses from CERS and City Manager’s Office on health insurance issues, supplemental COLA benefits, computation of 13^th check benefits and Corbett funds paid to estates.

Nancy said she would put the pressure on the health insurance and Corbett payment issues for now.

INFORMATION

Dave Wood has moved to the Seattle area and will be spending seven months in the Northwest and five months in San Diego each year.

Sharon Beach talked to Larry Grissom about her problems with Social Security requiring her to report changes in retirement income. Larry hadn’t heard of any retiree having to do such a thing and said he would look into it.

CORBETT SETTLEMENT PAYMENTS

John Casey posed the question. “If on July 1, 2004 there are sufficient surplus earnings in the retirement fund to pay in arrears Corbett Settlement payments, why can’t they be paid immediately as opposed to November with the 13^th check?” This question should be posed to the CERS on July 1^st.

STATUS OF RETIREMENT FUND

The Retirement Fund balance as of April 11, 2004 was $3.263 Billion, up only

$2 Million from last month, but up nonetheless.

ADJOURNMENT

The meeting was adjourned at 10:55AM.

Respectfully submitted,

Robert E. Cain

Secretary

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