CITY OF SAN DIEGO

RETIRED EMPLOYEES ASSOCIATION

BOARD OF DIRECTOR’S MEETING

July 12, 2005

 

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

 

ATTENDANCE :  BOARD MEMBERS:  Nancy Acevedo, Joan Lundy-Boyd, Joe Flynn, Sylvia Tatum, Alice Anglim, Virginia Silverman, Pat Karnes, Charles Buchanan, Bob West, John Tsiknas, John Casey.

 

ABSENT:  Jim Foley, Ruth Ann Hageman

 

GUESTS:  Dick Wilken, Bob Hedland

 

MINUTES

The minutes of the June 14, 2005 Board Meeting were approved as submitted.

 

COMMUNIATIONS

Nancy read a thank you note from John Kearse, whose wife passed away recently.

 

TREASURER’S REPORT

Sylvia Tatum reported on June 2005 - Balance on June 1 = $3,069.78. Income for June $1,262.6504, expenditures $1,485.90. Ending Balance on June 30, 2005 = $2,846.53. Reserve Accounts totaled $10,349.06. Grand Total = $13,195.59.

 

The bill for the video company will be in this month, and will be about $575.

PROGRAMS

General Cardenas is scheduled for today.

August 9:  Neil Morgan or Peter Preovolos

September 13: Neil Morgan or Peter Preovolos

October 11:  Mayoral runoff candidates, depending on the outcome of the Mayor’s race.

 

Joe said Peter Preovolos, would like to speak to the Assn. for a few moments.  He will try and stop by at noon today.

 

Virginia suggested finding a receiver who has experience in municipalities.  Joe said Richard Kipperman, on the Retirement Board, is a receiver and he will ask him to speak to us.  Discussion on receivership and members concerns and questions.

 

COMMITTEE REPORTS

RETIREE ISSUES TASK FORCE – Joe has established a new contact in the Manager’s Office.  They haven’t met yet however, Joe will provide the name later.  Retirement Board met yesterday in closed session to consider the recent lawsuits filed by Aguirre.  They are spending a lot of time and money on litigation.  Every meeting since April,

Aguirre has been at the beginning of each session telling them he is the true attorney not Lori Chapin, they are all in violation, he is going to charge all the current Board, etc.  The Board is still working on the consideration on the information that is being sought on from the FBI, KPMG, etc.  No sooner was the Board sworn in then 5 former members and 1 current member of the Board were indicted.  Having a number of extra meetings to discuss issues.  Board business has been scheduled to July 29.  Also have a meeting on 7/22.  The upcoming meeting on the 15th will be closed session.  Some of the Board members have been working with CERS staff to develop a new committee system.  They deferred the past committee system, they plan to meet 2x month.  One meeting will be devoted to financial and the other meeting would be Board business.  This will give the financial information the time it deserves by the Board.  It is possible once everyone on the Board gets up to speed they will have the committee system again.  Did have one meet of the Health Adv committee before this all happened.  Beginning in August the 2 meetings a month will begin.

 

HEALTH ADVISORY COMMITTEE – Joe had a meeting and discussed the held over issue of contracts with Kaiser members who no longer live in California.  The committee has been disbanded.  Paul Barnett, Asst. Administrator of CERS, passed away suddenly.  Nancy suggested we send a sympathy card.

 

NEWSLETTER:  Ruthann is out of town, she will be back on the 24th.  If anyone needs to give her information for the newsletter please get it to her by then. 

 

MEMBERSHIP – Charles said there is nothing to report.

 

ACTIVE EMPLOYEES ASSOCIATION – Alice said MEA‘s on going plan is to make sure retirees are not going to loose money.  Ann Smith is working on another proposal to do with all the lawsuits.  They are very concerned about retirees. 

 

WEBSITE – John spoke to how long we can keep articles on our website.   As long as we want and our space allows us.  If anyone sees something that needs to go off let John know.  We currently have 23 mgb and we are using 18.  Our renewal is in April 2006. John suggests going to 100 mgb.  The cost is only $118. John asked Virginia and Pat to be sure and let him know what they want published.  We average 2000 hits per month.

 

ADVOCACY –  Virginia passed out the Newsflash.  She spoke about indemnifying the current Retirement Board and the problems surrounding this action.

 

ACTION ITEMS

 

Liability Insurance  – John Casey handed out a proposed policy.  Discussion.  We need to review the policy and if we have any questions we should forward to John for further discussion.

 

Legal policy/fund – John Casey –handed out the information.  Bob Hedland volunteered to contribute $1,000 to start the fund.  Recommendation is to add $1 per month to the dues.  Discussion.  Motion by John Tsiknas to follow John Casey’s recommendation and establish a legal fund.  2nd Charles Buchanan.  Joe will abstain from voting.   Further discussion.  If anyone feels the need for representation they should be talking with Dick Wilken’s group.  Dick Wilken spoke to the AUE and their interests.  Discussion of a previous CSDREA legal fund and the balance remaining being around $8000.  Virginia says it’s in the money market acct.  She will research our records.  Discussion on having this figure be the seed money for the legal fund.  Motion passed unanimously.  Presentation will be made at the meeting next month.  Dues increase won’t come into effect until January of next year.

 

Nominating Committee – President, Vice President (Adam Saling position) and 2 Board members are up for election.  Charles and John Casey will be on the committee.  The general members will appoint a third person.  Once the Committee is formed, they will elect a chair.

 

Bob Hedland– spoke to the Board. 

 

Joe spoke to expanding active participation increase – suggested spreading some of the workload around to the rest of the Board members. 

 

 

STATUS OF RETIREMENT FUND

Not reported.

 

The meeting was adjourned at 10:57.

 

Respectfully submitted,

 

 Joan L. Lundy-Boyd

Secretary

 

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