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HomeMy WebLinkAbout2017-11-27 Pension Board Meeting Minutes Minutes Regular Meeting of the Pension Board November 27, 2017 County Building, First Floor—Council Room, Hilo, Hawai`i CALL TO ORDER: The quarterly meeting of the Pension Board was called to order at 1:30 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 (There were STATEMENTS FROM THE PUBLIC ON AGENDA ITEMS: none.) APPROVAL OF MINUTES: November 28, 2016 Ms. Sousa moved to approve the minutes of November 28, 2016. 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. Chair Neill proceeded with the Election of Officers and asked for nominations for Chair and Vice-Chair for the new term (December 2017 to November 2018). Mr. Hamamoto asked regarding the expiration dates of the Pension Board members. Ms. Sako replied stating the following: Ms. Neill and Ms. Sousa's expiration dates are December 31, 2019; Mr. Hamamoto and Ms. Ikeda are on December 31, 2021. Mr. Masuda asked for the nominations. Mr. Hamamoto made a motion to nominate Ms. Neill as Chair of the Pension Board to continue as Chair for the new term. Seconded by Ms. Sousa. Mr. Masuda asked for nominations for Vice-Chair, also giving the board members an option to nominate office-by-office. 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 Harry Kim --of Deanna S. Sako Mayor �vft ��y � Director 4r' P County of Hawaii Finance Department 25 Aupuni Street, Room 2103 • Hilo,Hawaii 96720 (808)961-8234 • Fax(808)961-8569 HAWAII COUNTY PENSIONERS 2017 As of November 27, 2017 we have a total of 22 Pensioners and Band Pensioners (12 females and 10 males). Pensioners: 0 Surviving Spouse: 4 Total: 4 Band Pensioners: 11 Surviving Spouses: 7 Total: 18 Ages of Pensioners: 60's 3 70's 3 80's 13 90's 3 100 0 Youngest Pensioner: Francis Takahashi Jr., County Band Pensioner; age 64 Oldest Pensioner: Juana Mendoza, Band Pensioner Spouse; age 97 Deaths to date in 2017: 2 New pensions awarded to date in 2017: 0 Hawai'i County is an Equal Opportunity Provider and Employer