CITY OF SAN DIEGO RETIRED EMPLOYEE ASSOCIATION
GENERAL MEETING MINUTES       January 8, 2008 
War Memorial Building, Balboa Park
Meeting called to order by Nancy Acevedo.
Minutes considered passed, as there were no corrections.

TREASURER'S REPORT- Sylvia Tatum
NOVEMBER 2007
Grand Total Reserve-Operating Balance on 11/1/07 was $36,480.29
Receipts $2,023.52
Expenditures/Transfers $1,903.72
Operating Fund Ending Balance 11/30/07 was $4,690.46
Grand Total Reserve-Operating Fund on 11/30/07 was $37,537.59
Legal Fund Money Market ending balance on 11/30/07 was $27,757.47

DECEMBER 2007
Grand Total Reserve-Operating Balance on 12/1/07 was $37,537.59
Receipts $3,821.95
Expenditures/Transfers $2,757.28
Operating Fund Ending Balance 12/31/07 was $5,755.13
Grand Total Reserve-Operating Fund on 12/31/07 was $39,549.72
Legal Fund Money Market ending balance on 12/31/07 was $28,701.04

INSTALLATION OF OFFICERS
Terry Flynn swore in new officers, (Korch and Hageman not present):
Nancy Acevedo as President.
Ty Rogers as Vice President/Chair of Advocacy.
Patti Karnes as Vice President/Chair of Programs.
Ruth Ann Hageman as Secretary.
Alyse Ford and Bob Korch as new CSDREA Board members.
Jean Struikasma as Newsletter Editor.  (Lynn Swanson stays as back-up.)
John Casey as parliamentarian.
Other positions remain the same.

CSDREA' ANNUAL AUDIT APPOINTMENTS- Nancy Acevedo
Two Board Members were appointed to CSDREA's annual audit committee- Ruth Ann Hageman and Terry Flynn. Mary Bush volunteered to the General Member representative on the audit committee.

SDCERS  REPORT- Rebecca Wilson
Income Tax With Holding can be changed any time during the year. SDCERS picks December as an annual reminder to retirees. Check the address on the envelope that you use. It should read 401 WEST 'A" Street, Suite 400.

PacificCare has extended the dis-enrollment period on dental insurance. Joe Flynn added that your dentist may give you the insurance rate discount on dental work not covered by your dental insurer, if you ask.

IRS Compliance Settlement: The City will use the General fund to pay Preservation of Benefits to about 60 retirees over the IRS' 415 limit.

ADVOCACY REPORT: Ty Rogers had no report.

MEA REPRESERNTATIVE- Kathleen Higgins
Kathleen Higgins, who works for the MEA on managed competition, asked retirees to join employees, outside the Democratic Central Committee meeting on December 8th to carry personal signs asking for "NO" endorsements of anyone running in the primary, although endorsements are not on the committee's agenda.

SDCERS Fund Balance was down $250 million to $4.95 Billion since Doug McCalla's last report in October. 

MEETING ADJOURNED.
Submitted  January 21, 2008 by P. Karnes
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SECRETARY NOTE:

RETIREMENT BOARD REPRESENTATIVE RESIGNS:
Carmen Lutes, our retiree elected SDCERS representative has found it necessary to resign from the SDCERS Board in January 2008, due to her responsibilities as a caretaker for a family member. We will miss her and her attention to details. She was passionate that all retirees have their estate documents up to date for tax reasons. Are yours current?