2018-08-27 Pension Board Meeting Minutes

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• Minutes • Regular Meeting of the Pension Board August 27, 2018 County Building, First Floor—Council Room, Hilo, Hawai`i CALL TO ORDER: The quarterly meeting of the Pension Board was called to order at 1:35 p.m. by Chair Nyala Neill. ROLL CALL: Present: Nyala Neill, Chair Emma Sousa, Vice-Chair Jerry Hamamoto, Member Mae Ikeda, Member Stewart Maeda, County Clerk Also Present: Deanna Sako, Director, Finance Department Craig Masuda, Deputy Corporation Counsel Kay Oshiro, Controller, Finance Department Linda Young, Payroll Processing Supervisor, Finance Department Dee Torres, Secretary, Office of the County Clerk-Council STATEMENTS FROM THE PUBLIC ON AGENDA ITEMS: (There were none.) APPROVAL OF MINUTES: November 27, 2017 Ms. Sousa moved to approve the minutes of November 27, 2017. Seconded by Mr. Hamamoto. The motion was carried by the following vote: AYES: Board Members Hamamoto, Ikeda, Sousa, and Chair Neill—4. NEW BUSINESS: 1. Ms. Neill proceeded with the application for pension from the County of Hawai`i for Mr. Lloyd K. Taira (County of Hawai`i P&R Band Member, retiring at the end of the month). At this time, Mr. Masuda asked the Finance Department to present their report. Ms. Oshiro, Accounts Division stated, since the applicant, Mr. Taira is retiring at the end of this month and has not yet retired, the information provided would be inconclusive. She stated that Mr. Taira has met the other qualifications, but the actual pension amount is pending his last paycheck, which comes after his last pay period cycle. So, the actual pension amount will be confirmed and forthcoming later. Ms. Neill asked we should wait for the actual amount of his pension or until the next meeting. Page 1