PB 05/22/2019 Minutes - Laserfiche WebLink

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1. Ferrell Jenne commented they had sent out five disability affidavits. The affidavits would be on the next agenda for board review. iv. Update on SB534 posting 1. Ferrell Jenne commented the posting requirements were sent to the City and were posted on the City's website on April 4, 2019. v. Ferrell Jenne commented the plan's fiduciary liability policy was renewed. Ferrell confirmed the waiver of recourse was paid for and the plan reimburses the City for the premium amount. vi. Ferrell Jenne commented the portal would be rolled out to the membership within the next two weeks. Ferrell commented there were a number of members who did not have a designation of beneficiary form on file, so it would be important for those members to contact their office so they can get this information updated. vii. Ferrell Jenne informed the board she would be out on maternity leave for three weeks during the month of October. Ferrell commented she would still monitor emails during this time and there would be three other plan administrators and a dedicated analyst the board/members could contact during this time. IX. Attorney Report a. Christiansen & Dehner, Scott Christiansen, Board Attorney i. Scott Christiansen reminded the trustees to file their financial disclosure forms prior to July 1 to avoid fines. ii. Scott Christiansen reminded the board a proposed budget for 2019- 2020 would need to be done at the next meeting. iii. Legislative update 1. Scott Christiansen commented no bills were adopted regarding the Chapter 185 plan. Scott commented a cancer presumption bill was passed for firefighters. The bill outlines 21 different types of cancer. If the firefighter contracts one of these types of cancer, they could get a benefit in lieu of a workers' compensation benefit. Scott commented the benefits under this bill required the City to provide funding for these benefits. Scott commented the plan may need to be amended to incorporate this bill. 2. Scott Christiansen informed the board his law partner, Lee Dehner passed away. As a result, Scott is transitioning some clients to other attorneys in the area. Scott commented he would continue to represent the plan. X. Adjournment — The meeting was adjourned at 2:02PM XI. Next Meeting — The next quarterly meeting will be August 13, 2019, at 10:OOAM Respectfully submitted by: Ferrell Jenne, Plan Administrator Approved by: Matthew Hettler, Chairman Date Approved by the Pension Board: August 13, 2019 4