CITY OF SAN DIEGO

RETIRED EMPLOYEES ASSOCIATION

GENERAL MEMBER’S MEETING

APRIL 13, 2004

President Acevedo called the meeting to order at 11:00AM and asked distinguished veteran Forest Rustad to lead the membership in the Pledge of Allegiance. Forest was living in Alaska on December 7, 1941. When the Japanese invaded the Aleutian Islands all able bodied men on the mainland were conscripted into the “Territorial Guard.” This group, including Forest, was eventually drafted into the Army. Since he was able to ski, Forest was trained for mountain warfare but was in sunny California ready to deploy for the invasion of Japan when the war ended.

MINUTES

The minutes of the General Member’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.

APRIL BIRTHDAYS

Merrill Day – 87

Mike Barclay

Sylvia Tatum – 76

Bob Headland – 71

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. Dave reminded the membership that three Corbett checks and a 13^th check paid in one year may have income tax consequences which should be planned for in advance.

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

MEMBERSHIP

Don Robbins said he was informed that the format for pre-retirement seminars was being reformulated and that there would be no seminars until after July 1^st.

SUNSHINE COMMITTEE

Sharon Beach reported sending birthday cards to all members over 80. A get well card was sent to Jack Katz who is again in the hospital. Sympathy cards were sent to the families of Floyd Moore and Bill Davis.

PENSION REFORM COMMISSION

Nancy reminded all that the Pension Reform Commission meets every Tuesday and the public is welcome to testify.

E-MAIL ADDRESSES

Joe Flynn again requested that members forward e-mail addresses to him so he could e-mail the newsletter and inform members about the pending Association web site.

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.

The Board is trying to find a site and time for a special meeting where Mike can answer any questions the membership might have. Date time and location will be listed in the next newsletter.

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.

OTHER BUSINESS

Mike Barclay reported that his wife has Kaiser Senior Advantage, is over 65,

has Medicare A and B and pays NO health insurance premiums. He recommends that people check it out with Kaiser.

The meeting was adjourned at 11:30AM whereupon Adam Saling introduced guest speaker Jack Stephens.

Respectfully submitted,

Robert E. Cain

Secretary

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