CITY OF SAN DIEGO

RETIRED EMPLOYEES ASSOCIATION

GENERAL MEMBER’S MEETING

 AUGUST 9, 2005

President Nancy Acevedo called the meeting to order at 11:00 and asked Distinguished Veteran Yvonne Paczulla to lead the membership in the Pledge of Allegiance.

 

MINUTES

Minutes of the July 12, 2005 meeting were approved as submitted.

TREASURER’S REPORT

Sylvia Tatum reported on July 2005 - Balance on July 1 = $2,846.53. Income for July $1,223.05, expenditures $774.21. Ending Balance on July 31, 2005 = $3,295.37. Reserve Accounts totaled $10,364.78. Grand Total = $13,660.15.

Sylvia provided a handout. 

NEW MEMBER AND FIRST TIMERS

Guests from the Retired Fire and Police Assoc. were welcomed.  Two new members introduced themselves.

BIRTHDAYS

There were several birthdays and anniversaries this month.  Congratulations to all!

COMMITTEE REPORTS

Nancy reported for Joe Flynn, who is on vacation. CERS filed a lawsuit to have the court determine the legality of retirement benefits given in 1997 and 2002.  MEA and AUE have also filed to intervene to support CERS.

 

Virginia Silverman- Advocacy Committee – Please refer to the Newsflash handout for details on current events.  She reported on the two meetings with the City Attorney.  We have taken position that we are neutral on retiree benefits.

 

Dick Wilken – Spoke briefly on the AUE (Alliance of Unrepresented Employees), the progress and welcomed all to join his organization.  Contact Dick for further information. 

 

John Casey – Legal Fund Policy Proposal – handed out final ad-hoc committee report.  John covered the highpoints.  John Casey, Don Robbins, Virginia Silverman were on the committee.  To establish and continue this fund it was proposed an increase in dues $1.00 a month.  The Board of

 

Directors and Ad hoc committee have recommended establishing this fund.  John answered questions.  Motion by John Casey that proposed we create a legal fund to be there incase we need to begin litigation.  The motion was 2nd.  Motion passed. 

 

The increase will be effective in January 2006.

 

Nominating committee report – Charles Buchanan – It’s the time of year when we look for people to elect the offices whose terms are set to expire.  This year it will be President, Vice President and three Board Members.  The Committee would like to know who would be interested in serving on the Board.  Nominations will be made in November.  The committee members will be speaking with members, if you would like to run please contact anyone on the Committee or the Board.

 

STATUS OF RETIREMENT FUND

Nancy reported the Retirement Fund balance stood at $3.888 Billion up +$43 Million from last month.

 

ADJOURNMENT

The meeting was adjourned at 11:25 a.m.

 

Respectfully submitted,

 

 

Joan L. Lundy-Boyd

Secretary

Return to General Meeting Minutes Index