2012-11-26 Pension Board Meeting Minutes

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Minutes Regular Meeting of the Pension Board November 26, 2012 County Building, First Floor — Council Room, Hilo, Hawaii CALL TO ORDER: The quarterly meeting of the Pension Board was called to order at 1:31 p.m. by Chair Jerry Hamamoto. ROLL CALL: The following Board Members were present: Jerry Hamamoto, Florence Ikeda, and Judy Ah Chin. Also present were: Craig Masuda, Deputy Corporation Counsel, Office of the Corporation Counsel; Kay Oshiro, Controller, Finance Department; Carol Arikawa, Payroll Processing Supervisor, Finance Department; Steve "Kawena" Lopez, Deputy County Clerk, and Dee Torres, Secretary Pro Tem. Absent and Excused: Nancy Crawford, Director, Finance Department APPROVAL OF MINUTES: November 28, 2011 Ms. Ah Chin moved to approve the minutes of November 28, 2011. Seconded by Ms. Ikeda. The motion was carried by the following vote: AYES: Board Members Ah Chin, Ikeda, and Chair Hamamoto — 3. STATEMENTS FROM THE PUBLIC (There were none.) NEW BUSINESS: 1. Chair Hamamoto proceeded with the Election of Officers for Fiscal Year 2012 - 2013. At this time, Ms. Ikeda made a motion to nominate Mr. Hamamoto to serve as Chair of the Pension Board. Seconded by Ms. Ah Chin. Ms. Ah Chin made a motion to nominate Ms. Ikeda as Vice -Chair of the Pension Board. Seconded by Ms. Ah Chin. The proposed slate of officers for the Pension Board's Fiscal Year 2012 2013 are: Jerry Hamamoto, Chair and Flo Ikeda, Vice -Chair. The motion was carried by the following vote: AYES: Board Members Ah Chin, Ikeda, and Chair Hamamoto — 3. 2. Ms. Arikawa distributed the "Hawai`i County Pensioners 2012" to the Board Members (attached). According to this information, Chair Hamamoto stated that as of November 26, 2012, there are a total of 27 Pensioners and Band Pensioners compared to 30 last year. He was informed that there are five more eligible pensioners remaining in the County Band.