Volunteer Firefighter Relief Fund Committee

Name: Volunteer Firefighter Relief Fund Committee — Norwich, CT
Start: 2014-08-18
End: 2014-08-18
Location: Norwich, CT

Regular Meeting

Norwich, CT · August 18, 2014

Agenda Minutes

Minutes

City of Norwich Volunteer Firefighters’ Relief Fund Committee Minutes 132nd Meeting August 18, 2014 The Volunteer Firefighters’ Relief Fund Committee held its 132nd meeting on Monday, August 18, 2014, at 5:00 p.m. in Room 209, City Hall, Norwich, Connecticut. 1. Roll Call a. Members Present: Richard Benoit, Taftville Thomas Quinley, Yantic Karen Mankowski, Occum Joshua Pothier, Assistant Comptroller Donald Leary, East Great Plain Red McKeon, Occum/Past Chairman John John, P&P Board Appointee b. Members Absent: Brian Curtin, City Treasurer Brigid Marks, City of Norwich Human Resource Robert Aldi, Citizen Appointee Joseph Kochanski, Laurel Hill Art Meizner, Hooker & Holcombe, guest Richard Benoit called the meeting to order at 5:05p.m. 2. Review of Investments: The Fund continues to be positive. The 2nd Quarter (the last quarter) earned approximately $64,000, with $2,000 in associated fees. (See email of agenda for summary). Thomas Quinley motioned to approve the review as presented. Seconded by John John, approved. 3. Minutes: the June special meeting minutes were reviewed. A motion to accept by Thomas Quinley, seconded by John John. Approved. 4. Treasurer’s Report: Not presented 5. New Business a. Refund Requests: None b. Bills: None c. New Member Applications: None d. Application for Benefits: i. East Great Plain FD – one applicant for benefits, Robert Drozynski. Thirty (30) years of service. Benefits slated to begin on November 1, 2014. ii. Motion made by John John to approved the application pending confirmation of years of service. Seconded by Thomas Quinley, approved. e. Codification Plan: i. The Committee reviewed the proposed document City of Norwich Volunteer Firefighters’ Relief Fund Committee Minutes 132nd Meeting August 18, 2014 ii. Motion made by John John not to accept the presented document for codification and for the Committee to work on updating the Volunteer Firefighters’ Relief Fund Ordinance. Seconded by Thomas Quinley, approved. iii. No fee associated with the draft document is expected. f. Call and Drill Requirements: i. Connecticut General Statute 12-81w, change to be incorporated with the Ordinance review and update. ii. Other towns surveyed: Josh Pothier performed a comparison of other towns in the state. Norwich’s service plan is definitely working. g. Plan Enhancements: the Committee is scheduled to meet on October 8, 2014 to discuss the following: i. Increase benefits to $22 ii. Connecticut Statute inclusion in place of individual fire company/department’s by-law requirements for training/drills iii. Bundling/updating of the ordinance with all past revisions to be presented in draft for review by the Committee. A motion was made by John John to adjourn the meeting, seconded by Thomas Quinley. Approved. Meeting adjourned at 1745 hrs. Respectfully submitted, Thomas G. Quinley, Secretary

Agenda

To: Members of the Volunteer Firefighter Relief Fund Committee From: Richard Benoit, Chairman of the Volunteer Firefighters’ Relief Fund Subject: Regular Meeting #132 Meeting Date: Monday, August 18, 2014 Meeting Time: 5:00 p.m. Meeting Location: Room 209, City Hall Agenda Items: 1. Call to Order 2. Review of June 30, 2014 investment results by Art Meizner from Hooker & Holcombe Investment Advisors (to be distributed) 3. Review of minutes from the Special Meeting on June 16, 2014 (available on the website) 4. Treasurer’s report for the quarter ended June 30, 2014 (attached) 5. Refund requests 6. Approval of bills 7. New Members 8. New Applications for Benefits a. EGP: Robert Drozynski – November 2014. 30 Years of Service. $540 monthly payment. 9. Discussion of changes to Volunteer Firefighter Relief Fund Plan. 10. Review of draft codification of Volunteer Firefighter Relief Fund plan into the City of Norwich Code of Ordinances. 11. Update on recommendation for City Council to bring the Tax Abatement Ordinance #1437 call and drill requirements in line with the Relief Fund’s call & drill requirements. 12. Discussion of survey of other towns’ volunteer fire benefits. 13. Adjournment Please notify Richard Benoit (860) 886-1774 or Brigid Marks (860) 823-3786 if you are unable to attend the meeting. City of Norwich Volunteer Firefighters' Relief Fund Treasurer's Report For The Quarter Ended 6/30/2014 X:\Finance\Finance Public\Pension & OPEB Information\Volunteer Firefighter Relief Fund Info\Investment statements\[FY 2013-14 VFFRF cash & investments.xls]Jun Hooker & Checking Holcombe Total Beginning Balance 64,976.64 2,046,598.37 2,111,575.01 Receipts: Annual City Appropriation - - - East Great Plain - - - Laurel Hill - - - Occum - - - Taftville - - - Yantic - - - Interest Income 13.48 - 13.48 Realized Gains/(Losses) - 889.64 889.64 Unrealized Gains/(Losses) - 53,916.09 53,916.09 Dividends - 9,372.47 9,372.47 - Total Receipts 13.48 64,178.20 64,191.68 Transfers Between Accounts - - - Disbursements: Refunds - - - Pensions Paid 65,205.00 - 65,205.00 Actuary Fees 9,800.00 - 9,800.00 Postage/ Other - - - Investment Fees - 2,263.49 2,263.49 Total Disbursements 75,005.00 2,263.49 77,268.49 Ending Balance (10,014.88) 2,108,513.08 2,098,498.20 City of Norwich Volunteer Firefighters' Relief Fund Treasurer's Report For The Fiscal Year Ended 6/30/2014 X:\Finance\Finance Public\Pension & OPEB Information\Volunteer Firefighter Relief Fund Info\Investment statements\[FY 2013-14 VFFRF cash & investments.xls]FY2014 Hooker & Checking Holcombe Total Beginning Balance 873.58 1,802,456.29 1,803,329.87 Receipts: Annual City Appropriation 308,987.00 - 308,987.00 East Great Plain 4,320.00 - 4,320.00 Laurel Hill 864.00 - 864.00 Occum 864.00 - 864.00 Taftville 1,944.00 - 1,944.00 Yantic 3,672.00 - 3,672.00 Interest Income 170.93 0.17 171.10 Realized Gains/(Losses) - 9,127.09 9,127.09 Unrealized Gains/(Losses) - 176,835.39 176,835.39 Dividends - 73,303.84 73,303.84 - Total Receipts 320,821.93 259,266.49 580,088.42 Transfers Between Accounts (53,000.00) 53,000.00 - Disbursements: Refunds 7,962.39 - 7,962.39 Pensions Paid 259,848.00 - 259,848.00 Actuary Fees 10,900.00 - 10,900.00 Postage/ Other - - - Investment Fees - 6,209.70 6,209.70 Total Disbursements 278,710.39 6,209.70 284,920.09 Ending Balance (10,014.88) 2,108,513.08 2,098,498.20

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