2017-11-27 Pension Board Meeting Minutes

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Chair Neill made a motion to nominate Ms. Sousa as Vice-Chair. Seconded by Mr. Hamamoto. Since there were no other nominations, Mr. Masuda closed the nominations. The proposed slate of officers for the Pension Board is as follows: Nyala Neill, Chair; Emma Sousa, Vice-Chair. The motion was carried by the following vote: AYES: Board Members Hamamoto, Ikeda, Sousa, and Chair Neill—4. 2. Chair Neill asked Ms. Young to present the new County of Hawai`i Pensioners' statistics for 2017. Ms. Young distributed the new 2017 statistics and stated that there were no new applications for pensions for the past year, but there were two deaths. Mr. Masuda explained that the Pension Board is primarily for the County Band pensioners, who are not part of collective bargaining, and has been going on for quite a while. So, as times passes, unfortunately, the pensioners do succumb to death. The majority of them are surviving spouses. So, total band pensioners including surviving spouses are 18 at present (see attached). ANNOUNCEMENTS: Chair Neill announced that the next quarterly Pension Board meeting will be tentatively held on Monday, February 26, 2018, at 1:30 p.m., provided we have a quorum and/or if there should be any new pension applications or other pertinent matters relating to the Pension Board. Ms. Torres will notify Board Members and staff of upcoming Pension Board agendas and/or cancellations. ADJOURNMENT: Ms. Sousa made a motion to adjourn the meeting. Seconded by Mr. Hamamoto. The motion was carried by the following vote: AYES: Board Members Hamamoto, Ikeda, Sousa, and Chair Neill—4. The meeting was adjourned at 1:37 p.m. Respectfully submitted, w Doreen "Dee" M. Torres, Secretary Approved: c` -Th, , - Art,„ N Nyala oNeill, Chair .' Attachment Page 2