CITY OF SAN DIEGO

RETIRES EMPLOYEES ASSOCIATION

GENERAL MEMBER’S MEETING

SEPTEMBER 14, 2004

 

President Acevedo called the meeting to order at 11:00 AM and asked distinguished veteran Jim Foley to lead the membership in the Pledge of Allegiance.  Jim is a Naval Academy graduate and served on the USS Wisconsin and USS Ingersol among other vessels and spent some time at “Gitmo” in Cuba during his 20 years in the Navy.

 

IN MEMORIAM

President Acevedo asked for a moment of silence if memory of long-time member and tireless Hospitality Committee volunteer Patti Page who was killed in an automobile accident on her way to the August meeting.

 

APPROVAL OF MINUTES

The minutes of the General Member’s meeting of August 10, 2004 were approved as submitted.

 

TREASURER’S REPORT

Sylvia Tatum reported a balance in the Operating Fund on August 1, 2004 of $2,434.36.  Income for August was $1,362.35 and expenses were $1,001.65, leaving a balance in the Operating Fund on August 31, 2004 of $2,795.06.  Reserve accounts totaled $10,244.45 for a grand total of $13,039.51.

 

NEW MEMBERS

Joan Lundy Boyd

Jan Johnson

Mike Whelan

 

BIRTHDAYS AND ANNIVERSARIES

Bob Cain – 68th birthday

Don Robbins - 55th anniversary

Don Prisby – 52nd anniversary

 

RETIREMENT ISSUES TASK FORCE

Dave Crow stated that the Task Force was “on hold” pending the outcome of two ballot propositions regarding the Retirement System and makeup of the Retirement Board and the mayor’s race.

He reported that the Board agenda is available on the Retirement Office web site and that anyone can request that they be put on an e-mail notification list.

Dave told the membership that the 13th check, the three Corbett Settlement checks and the regular November pension check would be rolled into one “super check” going out by mail or electronically around the end of November.  He reminded all that three Corbett checks in one year could have tax consequences come April and to consider authorizing additional withholding, both State and Federal, from the “super check.”

 

WEB SITE

John Tsiknas reported 5,183 “hits” on the Association’s web site since May 1st. 

 

HOSPITALITY COMMITTEE

Dora Garcia asked for volunteer greeters and door workers.  She needs two each month and if everyone would take a turn it would spread the work around.  Besides, it’s a great way to meet your fellow retirees.

 

NOMINATING COMMITTEE

Don Robbins stated that there were seven people interested in becoming Board members but no candidates as yet for Secretary. Elections will take place at the November meeting.

 

RETIREMENT FUND BALANCE

 

Nancy reported a Retirement Fund balance as of September 13, 2004 of $3.362 Billion, up $119 Million from last month.

 

ADJOURNMENT

 

The meeting was adjourned at 11:20 AM.

 

Respectfully submitted,

 

 

 

 

Robert E. Cain

Secretary

 

 

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