CITY OF SAN DIEGO

RETIRED EMPLOYEES ASSOCIATION

BOARD OF DIRECTOR’S MEETING

JUNE 8, 2004

 

ATTENDANCE:  Board Members:  All present except Wood, Anglim and Folsom.

                               Retiree Issues Task Force:  Bob West

                               Guests:  Rosie Wiseman, Patricia Karnes, Ruth Ann Hageman and

                                             John Mattis

 

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

 

APPROVAL OF MINUTES

The minutes of the Board meeting of May 11, 2004 were approved as submitted.

 

COMMUNICATION

Nancy read a letter from Judy Folsom, who resigned due to personal reasons.  Judy stated she would still be available for some assignments from the Board.  Nancy said Roxanne Story-Park has prepared a written opinion that  Corbett funds will be paid to estates.  It will be released after the Retirement Office has trained its staff to handle this situation.

 

TREASURER’S REPORT

Sylvia Tatum reported a balance in the Operating Fund on May 1, 2004 of $12,922.17.  Income for May totaled $1,276.81 and expenses were $1,724.45.  Operating Fund balance on May 31, 2004 was $2,267.73.  Reserve accounts totaled $10,216.28, for a grand total of $12,484.01.  Her report will be filed for audit.  Sylvia noted she had corrected a small error on last month’s report regarding dividend interest, which made no change in the report.

 

PROGRAM CHAIR

Vice President Adam Saling said a speaker from the San Diego River Park will present the July program.  For August, he hoped to get a speaker on Medicare, or Mayoral candidate Ron Roberts.  Mayor Murphy has declined his invitation to speak.  Nancy also suggested contacting Chris Morris, of the City Attorney’s Office, to speak on vested health benefits.

 

RETIREE ISSUES TASK FORCE

Dave Crow said there would be a meeting next week to discuss a better way of doing things in the retirement system.  The two percent COLA has been approved, starting

July 1.

 

HEALTH ADVISORY COMMITTEE

John Casey said it was premature to discuss anything until final decisions are made in Meet and Confer.

 

 

COMMITTEE REPORTS

 

NEWSLETTER

Joe Flynn said it may be time to once again send out newsletters with a Request for Return of undeliverable mail.  Approximately 95 members have enrolled by e-mail, plus a few more sent to Sylvia which have not yet been recorded.

 

MEMBERSHIP

Charles Buchanan said there was a pre-retirement seminar on June 3rd attended by 50 plus employees.  Some attendees who are in the DROP program expressed an interest in joining our association.

 

WEB SITE DEVELOPMENT

John Tsiknas reported that the “Archive” section has been completed and noted several other additions.  The members-only area was implemented June 3rd.  Karen Anderson has set up an E-mail address list for sending out the user-name and password.   John will publicly thank Karen and Delores Ruiz at the General Meeting for the fine job they have done.

 

LOGO DEVELOPMENT

Nothing to report.

 

ADVOCACY POLICY COMMITTEE

Adam Saling distributed  a memorandum entitled “Report and Recommendations on An Advocacy Committee for the Association”.   Its purpose is to provide a plan on how the committee should function.  The committee unanimously approved the report.  Nancy will receive the original  report signed by all members as soon as Adam obtains the signature of Bob Headland. If the committee is to be formed, a by-laws change will be necessary.

 

John Tsiknas asked about liability insurance, now that we are taking an advocacy position.  Adam said if we are insured, an attorney will be provided to defend any actions.  Nancy asked that any action be delayed until the August meeting when she will be back from vacation.  John Casey said the cost of insurance should be part of the budget adoption process.

 

INFORMATION – DISCUSSION ITEMS

Patricia Karnes April, 22, 2004 Letter

Ms. Karnes discussed her concerns with the conduct of Retirement Board meetings.  She said issues are presented with no discussion at the meetings.  Dave Crow explained that, somewhat like the City Council, facts are discussed at committee meetings with recommendations being made to the full Board.  Dave further stated that the SEC has requested information from ten of the largest cities in the country, so this is no reflection on San Diego. 

 

 

Status of Mike Conger Lawsuits

Nancy said the court settlement hearing is scheduled for July 7, 2004 at 10 a.m.

 

Nominating Committee

 

Two Board members and one General member will be appointed in July.  There are openings for Secretary, Treasurer and the board position vacated by Judy Folsom. Board terms for Alice Anglim and Sharon Beach also expire December 31st.

 

Retirement Fund Balance

Nancy reported that as of June 7, 2004 the balance was $3.178 billion, up $57 million from last month.

 

Supplemental COLA Issue

This is under review.

 

The meeting was adjourned at 10:40 a.m.

 

                                                            Respectfully submitted,

 

 

 

                                                            Sharon Beach              

                                                            Acting Secretary

 

 

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