CITY OF SAN
DIEGO RETIRED EMPLOYEE ASSOCIATION
BOARD MEETING MINUTES August 14, 2007
Present: President
Meeting called to order at 9:30a.m.
Minutes for July 2007 C
COMMUNICATIONS:
Nancy reported on meeting with David Wescoe, Chief
Administrator of SDCERS. He noted PacifiCare sent out a list of
E-mail from
TREASURER'S REPORT- Sylvia Tatum
Grand Total Reserve-Operating Balance on 7/1/07 was $32,687.44
Receipts $1,889.48
Expenditures/Transfers $2,157.69
Operating Fund Ending Balance 7/31/07 was $4,208.54
Grand Total Reserve-Operating Fund on 7/31/07 was $33,327.27
Legal Fund Money Market ending balance on 7/31/07 was $24,044.36
ACTION ITEMS:
Holiday Luncheon
Correction: Dessert will be included, so no cake will be needed.
Revised costs: over $20, after tax and tip. Sylvia will check with
Ross moved,
Established Award Recognition Committee-
Ruth Ann, Terry, and Maggie were appointed.
Web Posting Board Policy-
After receiving opinion pieces that were edited, Alan did some research of journalism standards and suggested
seeking out journalism experts in this area. He distributed a list of
questions. Basically, unless there are two sources of facts, the item is
attributed to opinion, he said.
He then discussed the situation via a series of questions:
To what extent do we check facts if not obtained from a reputable news source?
Do we delay posting of timely information?
Do we post opposing opinions?
Do we subscribe to advocacy journalism?
Do we select a point of view and not balance opinions?
Do we establish guidelines or an oversite committee?
Do we cover City retiree issues or broader issues?
He had concern that we are not checking facts on retiree articles.
What is our correction policy?
Do we establish an archive of past articles?
How to find past articles if we keep an archive?
How to find past opinion pieces?
Where do we go for legal advice?
Ross said that integrity is important. Tsiknas noted there is a disclaimer on
our pages. Maggie noted that we have a "tradition of neutrality".
INFORMATION-DISCUSSION ITEMS:
NOMINATING COMMITTEE UPDATE- Patricia Karnes, Ross McCollum, Mike Stepner
The Committee will meet at Stepner's office on August
22nd. Send candidate information to the committee. Ross will coordinate the Web
site postings.
The committee is recruiting a President and Program Chair. Patricia would be
interested in the Program Chair if a secretary can be found.
Advocacy Vice-President position: Patricia requested
we review the composition of this position for the next election. So many
issues have sprung up that it is now difficult for one individual to keep track
of every issue, and new committee members need to be recruited to fill
vacancies. No one is interested in volunteering to cover every issue important
to retirees. Patricia suggested considering Joe's suggestion that we split up
the Advocacy Committee by issues. He added that we might be more successful in
recruiting volunteers to follow issues if they know it is of a limited scope.
(Additional Notes not from August's Board
meeting:
VOLUNTEERS ARE NEEDED!
In fact the Advocacy Committee is already split up and many of the members are
burning out.
Topics of interest to City retirees currently covered by Board members:
1) Trial issues- Ty, as Chair of the Advocacy Committee and Virginia.
2) Waterfall- Virginia, Joe, and Lynn.
3) Health Care- Joe and Nancy.
4) Aquirre's list for rolling back pensions, etc. -
All Board members.
Other issues are popping up at SDCERS and City Council meetings:
5) SEC issues. At Sept. 4th Council meeting, Mr. Keller made his first of three
reports which went to the SEC. The responding July 23rd letter from SEC to the
City asked for clarification and time-lines. SEC requested how the City will
deal with pensions and if they will be changing benefits. How will the City
DISCLOSE pension and health care costs? Keller has hired a specialized CPA to
exam SDCERS as more work needs to be done on SDCERS' internal controls for
reporting pension debt.
6) IRS decisions on SDCERS tax-compliance and Voluntary Corrections program.
Part of this is the IRS' time-line for the City to re-pay SDCERS $100 million
for health care.
7) Aguirre not moving forward on SDCERS' technical compliance issues.
8) SDCERS proposed change of SDCERS from a multi-employer trust to a Group
Trust. The City Council asked for more information and continued their vote
until Sept. 24th. A Group Trust would protect Airport and Port pension funds
from being used for City retirees, in case of City bankruptcy. Port and Airport
would no longer be subordinate to the City.
9) City Charter Committee's review of the composition of the SDCERS Board.
Charter sub-committee met Sept. 7th.
End of special notes)
STATUS OF PROPOSED "WATERFALL" REVISION-Virginia Silverman
Virginia and Joe thought the IRS was O.K. as long as the Corbett and 13th check
was included in SDCERS liabilities and retirees would still be paid.
(Note: Patricia wondered what their source was on this.)
REBUILDING TOGETHER SAN DIEGO-
CHARTER REVIEW COMMITTEE AND SDCERS BOARD- Joe Flynn and Patricia Karnes
Susan Davis, Chair of a sub-committee of the City Charter Committee, had
commented on Kroll's recommendation that the SDCERS Board be revised. Joe's
research revealed the Kroll recommendation was to include 2 retirees (from the
current one retiree representative), 1 Safety employee, 1 General employee and
5 appointees. This would be 9 instead of the current 13 SDCERS' Board members.
This would maintain the same appointee dominance.
(Note: Former SDCERS Board President Preovolos has
said 13 members were needed to make SDCERS' committee system work.)
COMMITTEE REPORTS:
INFORMATION DISTRIBUTION AD HOC COMMITTEE - Virginia Silverman and Lynn
Swanson, with Tsiknas and Alan as technical advisors.
Program Committee-
August 14 - "2young2retire"with Al Paton's
presentation.
Sept 11 - Tom Hebrank, SDCERS new
Board President.
Oct 9 - Veronica Glen, Southern Caregivers Resource Center,
presenter Virginia Silverman.
Nov 13 - Bill Sheffler, SDCERS Board and private actuary,
presenter Ross.
Dec 13 (second Thursday)- Holiday Party-
Advocacy Committee- Ty Rogers, Virginia Silverman, John Casey, Patti Karnes,
An additional person needs to be appointed to the Advocacy Committee.
NEWSLETTER EDITOR -Lynn Swanson
Lynn contacted a web site for C
The January newsletter will be her last newsletter and she would like three
months to train a successor.
ACTIVE EMPLOYEE ASSOC. REP. -Lynn Swanson
Mea wants to wait until legal issues are resolved before discussing retirees
affiliating with MEA. MEA takes a stronger position than C
TREASURER /MEMBERSHIP SERVICES REORGANIZATION- Sylvia Tatum,
No report.
RETIREE ISSUES TASK FORCE: Joe Flynn
Ron Moskowitz, from retired Police and Fire, is Chair.
RETIREMENT BOARD: Carmen Lutes
SDCERS' new location is 8 blocks away on "WEST A" at the First
National Bank Bldg.
SDCERS Fund Balance , closing as of August 13, 2007,
was $4.952 Billion (down since last month).
Meeting adjourned at 11:00 a.m.
Submitted by P.Karnes Sept 10, 2007