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The calculation of the pension, as provided under Part IV, Chapter 88 Hawai`i Revised Statutes: <br /> Pension amount is $225.47; Bonuses $.00; Post Retirement Allowances $.00. (Total Monthly <br /> Grant is $225.47). Effective date of pension: January 23, 2015. <br /> Mr. Hamamoto asked the Accounts Division and the Finance Department if Mr. Takahashi, <br /> qualified according to rules. Ms. Watkins affirmed that he was qualified. <br /> Ms. Sumera asked if there were any further questions. <br /> At this time, Mr. Hamamoto made a motion to approve the pension application of <br /> Mr. Takahashi. Seconded by Mr. Heaukulani. <br /> The motion was carried by the following vote: <br /> AYES: Board Members Hamamoto, Heaukulani, Waugh, and Chair Sumera—4. <br /> 2. Mr. Heaukulani asked whether the 90-day extension of his pension board membership would <br /> end by March 2015. Mr. Masuda replied in the affirmative. <br /> ANNOUNCEMENTS: <br /> Ms. Sumera stated that the next quarterly Pension Board meeting will be held on Tuesday, May 26, <br /> 2015, at 1:30 p.m. (Monday, May 25, 2015, Memorial Day holiday), if there are any pension <br /> applications or other pertinent matters relating to the Pension Board. Ms. Torres will notify all Board <br /> Members and staff of any current agendas and/or cancellations. <br /> ADJOURNMENT: <br /> Ms. Sumera made a motion to adjourn the meeting. Seconded by Ms. Waugh. <br /> The motion was carried by the following vote: <br /> AYES: Board Members Hamamoto, Heaukulani, Waugh, and Chair Sumera—4. <br /> The meeting was adjourned at 1:35 p.m. <br /> Res ectfully submitted, <br /> Doreen "Dee" M. Torres, Secretary <br /> Approved: <br /> Guillerma"Irma" G. Sumera <br /> Chair <br /> Attachments <br /> Page 2 <br />