minutes of the board of fire and police … · board of fire and police pension commissioners...

MINUTES

OF THE

BOARD OF FIRE AND POLICE PENSION COMMISSIONERS

MEETING OF AUGUST 7, 2008

The Board of Fire and Police Pension Commissioners of the City of Los Angeles met in Room 800, 360East Second Street, Los Angeles, 90012 on Thursday, August 7, 2008.

COMMISSIONERS PRESENT: Sean Harrigan, PresidentMike Carter, Vice PresidentElliot BroidySam DiannittoSteve Juarez (participated telephonically)Don KeithPatricia Means

COMMISSIONERS ABSENT: George V. AlianoLouis Moret

DEPARTMENT OF FIRE ANDPOLICE PENSIONS: Michael A. Perez, General Manager

D. Edward Griffiths, Assistant General ManagerLaura Guglielmo, Assistant General ManagerTom Lopez, Chief Investment OfficerBarbara H. Nobregas, Commission Executive Assistant

CITY ATTORNEY'S OFFICE: Alan Manning, Assistant City AttorneyJohn Blair, Deputy City Attorney

COURT REPORTER: Diane L. Panicca, U.S. Legal Support

President Harrigan called the regular meeting to order at 9:04 a.m. All of the above-listed Commissionerswere present at the start of the meeting with the exception of Commissioner Broidy who arrived at 9:12 a.m.

1. NEW BUSINESS

President Harrigan asked if any Board Member made any expenditure to influence State legislative oradministrative action to which their reply was negative.

COMMUNICATIONS TO THE BOARD

Minutes of the Board of Fire and Police Pension CommissionersMeeting of August 7, 2008

Miscellaneous correspondence from money managers, consultants, etc. - Received and Filed

3. COMMITTEE REPORTS

A. Benefits Committee

Commissioner Carter stated he had no report.

B. Governance Committee

Chair Diannitto stated that the Committee will meet regarding the General Manager's evaluationfor last year and the contract for 2008-09 on August 21, 2008. President Harrigan asked BoardMembers to respond to the survey by The Results Group by the deadline on August 8, 2008.

C. Ad Hoc Space Planning Committee

Chair Carter stated that he will discuss issues during agenda Item 9.

D. Audit Committee

Chair Means stated she had no report.

4. PORTFOLIO WATCH LIST REVIEW BY WESTERN ASSET MANAGEMENT COMPANY -U.S. TIPS ACCOUNT

President Harrigan stated that the Board discussed the underperformance of Western AssetManagement on July 10, 2008. The Board elected to renew the contract for one year as opposed tothree years based on the underperformance of the fund.

Messrs. Joseph C. Carieri, Head of the Public Fund Taft Client Service and Peter H. Stutz, PortfolioManager of Western Asset Management presented the firm's performance and answered the Board'squestions. Mr. Carieri stated he will show performance net of fees in the future as requested by theBoard.

The board report was received and filed.

President Harrigan took the board attendance.

5. APPROVAL OF RECOMMENDATIONS BY THE STEPSTONE GROUP — FUNDING FORCLEARLAKE CAPITAL PARTNERS II, L.P. AND ELEMENT PARTNERS II, L.P.

Messrs. Jose Fernandez, Managing Director; Jaime Guzman-Fournier, Managing Director; andMs. Erika Streck, Associate from Stepstone came before the Board. Mr. Fernandez gave a brief


overview of the portfolio and will provide a full report in September 2008. Today he is presenting twofunds. Mr. Fernandez stated that he will meet with Mr. Emkin and Aldus Equity representatives todiscuss the allocations of funds as directed by President Harrigan.

Mr. Jaime Guzman-Fournier and Ms. Streck presented Clearlake Capital Partners II fund and answeredthe Board's questions.

As asked by Commissioner Diannitto, Mr. Tom Lopez, Chief Investment Officer (CIO) stated that hehad no reservations regarding this fund. Commissioner Diannitto was concerned with the lack of otherinvestors. Mr. Lopez suggested that the Board add a stipulation to the motion to include otherinvestors. Mr. Fernandez agreed. The Board discussed the motion and if an amendment was necessary.Commissioner Carter stated that he was comfortable with Stepstone's commitment to ensure that therewere other investors.

Messrs. Fernandez and Guzman-Fournier explained the risk return profile difference between debtstrategies versus equity strategies.

RESOLUTION 09015

Commissioner Carter moved that the Board approve Stepstone's recommendation to invest $10 millionin Clearlake Capital Partners II, which motion was seconded by Commissioner Keith and approved bythe following vote: ayes, Commissioner Broidy, Carter, Juarez, Keith, Means and President Harrigan -6; nays, Commissioner Diannitto — 1.

Mr. Coelho joined the Stepstone team at the table to present the Element Partners fund. Stepstonepresented the fund and answered the Board's questions.

Asked by Commissioner Diannitto, Mr. Lopez gave his overview of this fund and stated he had noreservations regarding the recommendation. Mr. Alan Emkin discussed the program and how this fundfits into the strategy.

RESOLUTION 09016

Commissioner Carter moved that the Board approve Stepstone's recommendation to invest $10 millionin Element Partners II, which motion was seconded by Commissioner Keith and approved by thefollowing vote: ayes, Commissioner Broidy, Carter, Diannitto, Juarez, Keith, Means and PresidentHarrigan - 7; nays, none.

The Board recessed for a five-minute break and reconvened.

6. UPDATE CONCERNING THE BOND COMPANIES SUSTAINABILITY FUND AND POSSIBLEBOARD ACTION


Mr. Tom Lopez presented the report on the Bond Companies, a comingled real estate fund approvedrecently by the Board. Staff and The Townsend Group (Townsend) believed the recent publicityreceived by the Bond Companies will have no affect on the investment portfolio going forward.President Harrison stated his concerns and that staff had an opportunity to review the issues. If staffhas any future concerns to notify the Board.

The board report was received and filed.

7. BOARD APPROVAL TO FORWARD DISCRETIONARY COST OF LIVING ADJUSTMENTRECOMMENDATION TO CITY COUNCIL

The board report was approved as submitted.

RESOLUTION 09017

Commissioner Carter moved that the Board:

1. Direct staff to prepare correspondence to the Mayor and City Council, for signature by the BoardPresident to grant a 1.35% discretionary cost of living adjustment to eligible pensioners of Tiers 3,4, 5 and Deferred Retirement Option Plan (DROP) effective January 1, 2009; and

2. Direct staff to return to the Board in December with a status report, which motion was seconded byCommissioner Keith and approved by the following vote: ayes, Commissioners Broidy, Carter,Juarez, Keith, Means and President Harrigan — 6; nays, none. Commissioner Diannitto stepped outof the board room.

8. APPROVAL OF COLA FOR THE GENERAL MANAGER

General Manager Perez stated that the retroactive Cost of Living Adjustments (COLA) dates areconsistent with the COLA increases provided to all other City employees.

RESOLUTION 09018

Commissioner Carter moved that the Board authorize the following cost of living adjustments (COLA)for the General Manager:

Effective July 1, 2007: 2%Effective January 1, 2008: 2%Effective July 1, 2008: 3%

which motion was seconded by Commissioner Keith and approved by the following vote: ayes,Commissioners Broidy, Carter, Juarez, Keith, Means and President Harrigan — 6; nays, none.


Commissioner Diannitto stepped out of the board room during the vote.

9. STATUS OF HEADQUARTERS FACILITY PROJECT AND POSSIBLE BOARD ACTION

Ms. Laura Guglielmo, Assistant General Manger, Administrative Operations Division stated at the lastmeeting the Board discussed the lack of progress made with the Joint Headquarters Project withLACERS. Staff is requesting the Board's support to ensure that staff fmds a headquarter facility tomeet the needs of the System. In doing so, staff believes it is necessary to terminate the MOU withLACERS. The last milestone occurred 17 months ago and the project is currently at a standstill. Thereare two advantages of terminating the MOU. The first is that staff would no longer have toaccommodate the needs of another board. Second, it would allow staff to terminate the agreement withCushman and Wakefield (C&W). C&W has been unresponsive to staff and she provided examples.Staff believes that we have not received the value that was expected from C&W. Upon the terminationof MOU and agreement, staff proposes and the Townsend Group agrees that we utilize an existingmanager, based on a Request For Information (RFI), to locate potential properties and prepare acomplete financial analysis. Staff would then come before the Board with a recommendation on how toproceed. Staff realizes that this is an important project to the Board and we are committed to thesuccess of the project. Staff believes these are the necessary steps to accomplish the goals of thisproject.

Commissioner Carter, Chair of the Ad Hoc Space Planning Conunittee concurred with the staffrecommendations. He discussed the frustrations that have occurred in the past two years. His belief isthat it would be beneficial to utilize an RFI with an existing manager and include Townsend. Thisproject was one of the goals of the General Manager which he believed it was not fair to evaluate theGeneral Manager on due to the involvement of a second board. If the recommendation is approved, anAd Hoc Committee meeting will be scheduled to determine how to move forward.

President Harrigan stated that the Board's current Ad Hoc Space Planning Committee members remainin the committee, to consider more than one manager, and for the General Manager to work with thecommittee. Commissioners Diannitto and Carter agreed to amend the motion.

RESOLUTION 09019

Commissioner Diannitto amended the motion and moved that the Board:

1. Terminate its Memorandum of Understanding (MOU) with the Los Angeles City Employees'Retirement System (LACERS) to procure a joint headquarters facility;

2. Request that the LACERS Board also agree to terminate the MOU;

3. Immediately upon the termination of the MOU with LACERS, direct staff to provide Cushmanand Wakefield 30 days notice of termination of their agreement; and


4. Upon termination of the MOU with LACERS and the Agreement with Cushman and Wakefield,authorize staff to select one or more existing LAFPP real estate manager(s) to locate potentialproperties and complete a detailed financial analysis of all options, and report back to the Boardwith its findings and recommendations; and

5. The three Ad Hoc Space Planning Committee members shall remain on the Committee andcontinue their involvement with the project, which motion was seconded by CommissionerCarter and approved by the following vote: ayes, Commissioners Broidy, Carter, Diannitto,Juarez, Keith, Means and President Harrigan — 7; nays, none.

10. TRAVEL AUTHORITY — INFOCAST — INFRASTRUCTURE FINANCE SUMMIT & TUTORIAL I& IL SEPTEMBER 7-10, 2008, CHICAGO, ILLINOIS

President Harrigan stated that the City Controller has a new dictate prohibiting travel advances for alltravelers without a statement of personal economic hardship. He suggested that the Board disapprovethe recommendation and rely on the Board's Governance Policy, not the City Controller's policy.

RESOLUTION 09020

Commissioner Diannitto moved that Commissioner Carter, in accordance with the Board's currenttravel policy, be authorized a travel advance for his expenses associated with the conference, which isin contrast to the City Controller's most recent travel guidelines which prohibits travel advances for alltravelers without a statement of personal economic hardship, which motion was seconded byCommissioner Means and approved by the following vote: ayes, Commissioners Broidy, Carter,Diannitto, Juarez, Keith, Means and President Harrigan — 7; nays, none.

Item 14.A was taken out of order.

14. CONSENT ITEM

A. TRAVEL AUTHORITY — INSTITUTE FOR INTERNATIONAL RESEARCH - GUNS &HOSES 2008, SEPTEMBER 21-23, 2008, HUNTINGTON BEACH, CA

Commissioner Carter provided an explanation as to why he stayed at the conference hotel locatedin Huntington Beach, California near his residence. He attended a conference at the same locationseveral months ago. He had difficulty with getting his reimbursement from the City Controller'sOffice because he left the conference during the day while the conference was not in session andas a result had parking issues. He thought it would be easier to stay at the hotel rather than dealwith the City Controller on reimbursement issues. President Harrigan recommended the Boardadopt this motion into policy as with the action in agenda Item 10.


RESOLUTION 09021

Commissioner Diannitto moved that Commissioner Carter, in accordance with the Board'scurrent travel policy, be authorized a travel advance for his expenses associated with theconference, which is in contrast to the City Controller's most recent travel guidelines whichprohibits travel advances for all travelers without a statement of personal economic hardship andbe authorized to stay at the Huntington Beach Hotel, which motion was seconded byCommissioner Broidy and approved by the following vote: ayes, Commissioners Broidy, Carter,Diannitto, Juarez, Keith, Means and President Harrigan — 7; nays, none.

11. GENERAL MANAGER'S REPORT

General Manager Perez gave the following updates:

1. There was a recent City Council motion to allow city employees who are in danger of losing theirhomes in foreclosure to borrow money from their pensions. LACERS, Personnel Department, andthe CAO were asked to report on the possibility of LACERS members being allowed to do that.The CAO coordinated a meeting with the departments including DWP retirement plan. All of theCity's retirement systems have reservations on this issue. Employees may put their homes andpensions in jeopardy. There are legal issues that the City Attorney's Office has to address in termsof taxes. Staff will maintain contact with the CAO and monitor the issue. He has advised theLos Angeles Police Protective League not to support this motion.

Commissioner Carter stated that as a previous member of the Deferred Compensation Board, theyhave a loan program available through the City's 457 Program in which firefighters and policeofficers may borrow money. That is one option that is readily available.

2. Staff is working with the City Clerk's Office to conduct an election for Commissioner Keith'sunexpired term that extends from December 1, 2008 to June 30, 2010. There are two candidates:Captain Rigoberto (Rigo) Romero and Sergeant Robert Von Voigt.

3. The Board authorized staff to get opinion letters from Mr. Joseph L. Wyatt, Jr. of MorrisonFoerster, LLP, outside fiduciary counsel on 1) hiring outside counsel by the Board and 2) thepossible consolidation of the investment programs of LAFPP and LACERS while keeping thecurrent Boards intact. Staff received Mr. Wyatt's opinions and copies of the letters were distributedto the CAO, Mayor's Office and our counterpart at LACERS. Staff will meet with the CAO toreview the letters to determine the next steps. He provided a summary of Mr. Wyatt's response.President Harrigan stated there may be some issues of conflict that the Governance Committeeshould follow up with Mr. Wyatt.

Commissioner Diannitto requested a written performance evaluation report regarding the hedge fundprogram. Mr. Allan Emkin of Pension Consulting Alliance stated that he is working with staff and the


memo is currently in review with the Chief Investment Officer. The final memo will be on the nextBoard agenda.

A. Other business relating to Department operations

Pursuant to Resolution 04008, adopted by the Board of Fire & Police Pension Commissioners onAugust 7, 2003, the following benefit actions have been approved by the General Manager onJuly 17, 2008.

DISCONTINUED PENSIONS — TIER 1 — 2

Gus T. Dove Fire Disability Retired: 10-01-57 Died: 06-04-08Elizabeth J. Lepore Police Widow Retired: 03-10-03 Died: 06-10-08

DISCONTINUED PENSIONS — TIER 2 —10

Raymond H. Farrell Fire Service Retired: 06-24-79 Died: 02-21-08Robert E. Hill Fire Service Retired: 06-01-80 Died: 05-17-08John H. Horn Fire Service Retired: 06-25-75 Died: 06-14-08Douglas C. Murphy Fire Service Retired: 02-11-99 Died: 06-24-08Theodore P. Foster Police Service Retired: 06-01-74 Died: 05-20-08Homer C. Hutchinson Police Service Retired: 02-13-00 Died: 05-30-08Daniel L. Lewis Police Disability Retired: 06-29-80 Died: 05-29-08Florence C. Blowers Fire Widow Retired: 05-21-05 Died: 04-25-08Anna M. Clapper Fire Widow Retired: 01-31-02 Died: 06-14-08

Pearl E. Hawkley Police Widow Retired: 11-17-03 Died: 04-27-08

DISCONTINUED FORMER SPOUSE PENSIONS — TIER 2 — 2

Margaret P. Farrell Fire Service Retired: 08-01-79 Member Died: 02-21-08

Eugenia Hutchinson Police Service Retired: 02-13-00 Member Died: 05-30-08

SERVICE PENSIONS — POLICE — TIER 3 — 2

Ronald D. Eutsey Police Captain I Eff: 07-06-08 10 Years 226 DaysGary V. Lewis Police Officer II Eff: 07-06-08 25 Years 49 Days

SERVICE PENSIONS — POLICE — TIER 4 — 3

Patricia E. Hauck Detective III Eff: 07-06-08 20 Years 35 DaysMaria D. Peppers Police Officer II Eff: 07-06-08 20 Years 141 DaysDiane L. Weston Detective II Eff: 07-06-08 20 Years 9 Days

SERVICE PENSIONS DEFERRED — POLICE — TIER 3 — 1


Howard J. Irvin, Jr.

ELIGIBLE SURVIVING SPOUSE'S

Sergeant I Eff: 03-23-08

1 — 1

11 Years 160 Days

PENSION — HER

Name Deceased Member Member's Class Effective Date

Lois L. Danskin James R. Danskin Fire Disability 06-07-08

ELIGIBLE SURVIVING SPOUSE'S PENSION — TIER 2 — 3

Name Deceased Member Member's Class Effective Date

Margaret M. Hill Robert E. Hill Fire Service 05-18-08Karen A. Murphy Douglas C. Murphy Fire Service 06-25-08Frances A. Hutchinson Homer C. Hutchinson Police Service 05-31-08

DECREASE SURVIVING SPOUSE'S PENSION — TIER 4 —1

Decrease the pension payable to Margaret P. Stavropoulos, Surviving Spouse of deceased PoliceOfficer Anthony R. Stavropoulos, due to the attainment of age 18 and the discontinuance of AliciaM. Stavropoulos' full-time student status effective July 30, 2008. There is one remaining minor.

PARTIAL PAYMENT OF PENSION — TIER 2 —1

In accordance with the City Attorney's advice, a designated proportion of the community propertyinterest of the pension payable to Clark J. Perez, Police Service Pensioner, is to be withheld for hisformer spouse Margaret A. Perez, effective July 1, 2008. Ms. Perez will receive cost of livingincreases.

PARTIAL PAYMENT OF PENSION — TIER 5 — 5

In accordance with the City Attorney's advice, a designated proportion of the community propertyinterest of the pension payable to Kip P. Downen, Fire Service Pensioner, is to be paid to his formerspouse Julia Downen, effective July 13, 2008. Ms. Downen will receive cost of living increases.

In accordance with the City Attorney's advice, a designated proportion of the community propertyinterest of the pension payable to John E. Sparks, Fire Service Pensioner, is to be withheld for hisformer spouse Donna J. Sparks, effective July 13, 2008. Ms. Sparks will receive cost of livingincreases.

In accordance with the City Attorney's advice, a designated proportion of the community propertyinterest of the pension payable to Edward L. Teter, Fire Service Pensioner, is to be paid to his formerspouse Cheryl Jensen, effective July 13, 2008. Ms. Jensen will receive cost of living increases.


In accordance with the City Attorney's advice, a designated proportion of the community propertyinterest of the pension payable to Robert D. Williamson, Police Service Pensioner, is to be paid to hisformer spouse Sheri E. Bullock, effective July 13, 2008. Ms. Bullock will receive cost of livingincreases.

In accordance with the City Attorney's advice, a designated proportion of the community propertyinterest of the pension payable to Robert D. Williamson, Police Service Pensioner, is to be paid to hisformer spouse Valerie Williamson, effective July 13, 2008. Ms. Williamson will receive cost ofliving increases.

PARTIAL PAYMENT OF SURVIVING SPOUSE'S PENSION — TIER 2 —1

In accordance with the City Attorney's advice, a designated proportion of the community propertyinterest of the Surviving Spouse Pension payable to Frances A. Hutchinson, surviving spouse ofPolice Service Pensioner Homer C. Hutchinson, is to be paid to Mr. Hutchinson's former spouseEugenia Hutchinson, effective May 31, 2008. Ms. Hutchinson will receive cost of living increases.

MODIFIED PARTIAL PAYMENT OF PENSION — TIER 5 —1

In accordance with the City Attorney's advice, the designated proportion of the community propertyinterest of the pension payable to James R. Leiphardt, Police Service Pensioner, being withheld forhis former spouse Patricia Hubbard since May 1, 2008 should be released effective July 1, 2008.

SERVICE PENSION/DROP — TIER 5 —1

Police

Police Captain DI

2 — 3

Eff. 06-08-08 30 Years 59 DaysJoseph M. Hiltner

DISCONTINUE DROP — TIER

Fire

Robert K. Findlay Retired: 08/01/03 Exit Close of: 07/30/08

Police

Charles C. Markel Retired: 07/13/03 Exit Close of: 07/12/08Alexander E. Rodriguez, Jr. Retired: 07/11/04 Exit Close of: 07/05/08

DISCONTINUE DROP

Police

Kenneth V. Koch

— TIER 4 — 1

Retired: 05/01/06 Exit Close of: 07/31/08


DISCONTINUE DROP — TIER 5 — 65

Fire

William R. Alderson Retired: 08/01/03 Exit Close of: 07/30/08Ruben A. Armendariz Retired: 07/27/03 Exit Close of: 07/26/08Arthur J. Ascencio Retired: 11/02//03 Exit Close of: 07/31/08Geoffrey D. Beckenhauer Retired 07/13/03 Exit Close of: 07/12/08Van W. Bergquist Retired: 07/13/03 Exit Close of: 07/12/08Jan C. Bernard Retired: 07/13/03 Exit Close of: 07/12/08Wilfred W. Bisson Retired: 07/27/03 Exit Close of: 07/26/08John E. Burgan Retired: 07/13/03 Exit Close of: 07/12/08Enrique Chavez Retired: 07/13/03 Exit Close of: 07/12/08Myron H. Davis Retired: 07/27/03 Exit Close of: 07/26/08Kip P. Downen Retired: 07/13/03 Exit Close of: 07/12/08Larry L. Harris Retired: 07/27/03 Exit Close of: 07/25/08Paul L. Hilzer Retired: 07/27/03 Exit Close of: 07/26/08John S. Holloway Retired: 07/27/03 Exit Close of: 07/26/08Gary L. Kahler Retired: 07/13/03 Exit Close of: 07/12/08Norman N. Kuramoto Retired: 08/01/03 Exit Close of: 07/31/08Ronald S. Lem Retired: 07/27/03 Exit Close of: 07/26/08William L. Martin Retired: 09/19/04 Exit Close of: 07/31/08Stanley Matesich Retired: 07/13/03 Exit Close of: 07/12/08Timothy R. McDonell Retired: 07/13/03 Exit Close of: 07/12/08Richard R. Miller Retired: 08/01/03 Exit Close of: 07/30/08Glen A. Prine Retired: 08/01/03 Exit Close of: 07/12/08James S. Sanchez Retired: 08/10/03 Exit Close of: 07/31/08John E. Sparks Retired: 07/13/03 Exit Close of: 07/12/08William J. Springer Retired: 09/07/03 Exit Close of: 07/31/08Nelson E. Strange Retired: 08/01/03 Exit Close of: 07/31/08Edward L. Teter Retired: 07/13/03 Exit Close of: 07/12/08James S. Wolfe Retired: 07/13/03 Exit Close of: 07/11/08William L. Zaring Retired: 07/27/03 Exit Close of: 07/26/08

Roger A. Ziemer Retired: 07/27/03 Exit Close of: 07/26/08

Police

Michael A. Albanese Retired: 07/05/03 Exit Close of: 07/04/08David 0. Avila Retired: 07/05/03 Exit Close of: 07/04/08Gregory L. Baltad Retired: 04/01/07 Exit Close of: 07/31/08Patrick W. Beighley Retired: 07/13/03 Exit Close of: 07/12/08Michael R. Berchem Retired: 01/07/07 Exit Close of: 07/31/08


Gary R. Clarke Retired: 07/05/03 Exit Close of: 07/04/08Timothy C. Cooper Retired: 08/01/03 Exit Close of: 07/31/08Michael L. De Coudres Retired: 07/05/03 Exit Close of: 07/04/08Bruce A. De Long Retired: 07/05/03 Exit Close of: 07/04/08Larry R. Dolley Retired: 08/01/03 Exit Close of: 07/31/08Peter B. Durham Retired: 07/05/03 Exit Close of: 07/04/08Charles R. Evans Retired: 02/22/04 Exit Close of: 07/31/08Edward T. Guiza Retired: 07/05/03 Exit Close of: 07/04/08Danny L. Hart Retired: 08/10/03 Exit Close of: 07/31/08Michael 0. Henley Retired: 10/05/03 Exit Close of: 07/31/08Winfred L. Henson Retired: 08/01/03 Exit Close of: 07/31/08Thomas C. Jones Retired: 07/05/03 Exit Close of: 07/04/08Charles T. Kiel Retired: 07/05/03 Exit Close of: 07/04/08Thomas E. Kirk Retired: 07/20/03 Exit Close of: 07/19/08Frank M. Koeller Retired: 07/05/03 Exit Close of: 07/04/08Gary L. Macnamara Retired: 08/01/03 Exit Close of: 07/31/08Robert G. McConnell Retired: 07/05/03 Exit Close of: 07/04/08Danny J. Miller Retired: 12/01/03 Exit Close of: 07/31/08Wayne J. Morris Retired: 08/01/03 Exit Close of: 07/31/08Stan Nalywaiko Retired: 08/01/03 Exit Close of: 07/31/08Michael L. Neveaux Retired: 08/01/03 Exit Close of: 07/31/08Lewis A. Parker Retired: 07/05/03 Exit Close of: 07/04/08Gregory S. Pfeifle Retired: 07/05/03 Exit Close of: 07/04/08Joseph R. Ramirez Retired: 08/01/03 Exit Close of: 07/31/08David J. Rodriguez Retired: 07/05/03 Exit Close of: 07/04/08Michael F. Sayre Retired: 11/02/03 Exit Close of: 07/31/08William J. Springer Retired: 09/07/03 Exit Close of: 07/31/08James B. Thornton Retired: 08/01/03 Exit Close of: 07/31/08Robert D. Williamson Retired: 07/13/03 Exit Close of: 07/12/08Charles S. Wohlfeiler Retired: 07/05/03 Exit Close of: 07/04/08

PENSION GRANTED — DISABILITY — TIER 3 — 2, May 1, 2008

NameRate Effective

Years Days Date

John D. Urban 18 171 60.0000 04-09-08Dennis M. Gilbert 23 125 70.0000 05-01-08

DEPENDENT CHILD BENEFITS GRANTED — TIER 2 —1, July 10, 2008

Jacklynn C. MillerMother of Dependent Child, Richard D. Miller(Howard D. Miller)

Effective 04-25-08


12. CONSIDERATION OF FUTURE AGENDA ITEMS

Commissioner Carter referred the Mesa West Real Estate Income Fund to Townsend.

Commissioner Keith stated that he received a letter from Ms. Judy Callan regarding her mentally andphysically disabled daughter Kimberly Callan. Kimberly's father, Mr. Michael Callan recently passedaway. Ms. Judy Callan was told the pension cannot go into a special needs trust for her daughter.Commissioner Keith requested a written report explaining why Mr. Callan's pension cannot go into aspecial needs trust for his daughter.

Mr. D. Edward Griffiths, Assistant General Manager stated that staff addressed Ms. Callan's questionsand requirements. Ms. Callan has yet to submit paperwork to establish guardianship or dependent childstatus. Staff has initiated the contact with Ms. Callan and has yet to receive any paperwork from her.

President Harrigan directed staff to work with the City Attorney's Office and prepare a report for theBoard.

General Manager Perez stated that staff has assisted Ms. Callan and will continue. Mr. Griffiths andstaff have worked with the Los Angeles Police Protective League on this issue. We will return to theBoard with a report.

President Harrigan directed General Manager Perez report back to the Board as soon as possible. Ifthere is a recommendation in terms of the efficiency of processes include it in the report.

13. PUBLIC COMMENTS

Ms. Elsa Moy gave a public comment.

General Manager Perez introduced Mr. Travis King, a new staff member who transferred from theOffice of Finance and is working in the DROP Service Pensions Section.

Mr. Lee Kebler, Director, Los Angeles Retired Fire and Police Association, informed the Board of theoutstanding job performed by Ms. Robyn Barnes, Senior Management Analyst, and Ms. Carol Tavares,Management Analyst who conduct the LAFPP retirement seminars.

14. CONSENT ITEM

B. REAL ESTATE CONSULTANT REFERRAL — MVP VALUE FUND I, LP

MOTION

Commissioner Carter moved to approve the consent item, seconded by Commissioner Broidy andapproved by the following vote: ayes, Commissioners Broidy, Carter, Diannitto, Juarez, Keith, Means,and President Harrigan — 7; nays, none.


Deputy City Attorney John Blair took the city attorney chair.

Commissioner Juarez ended his teleconference participation at 10:54 a.m.

15. DISABILITY CASES

DISABILITY CLAIM - NEW - TIER 5 - 2

Robert E. Nowak (P) Sergeant I

As recommended by staff and concurred in by the applicant, service connected disability pension isgranted at 50% with no foreseeable purpose for review. Motion made by Commissioner Broidy,seconded by Commissioner Carter and adopted by the following vote: ayes, CommissionersBroidy, Carter, Diannitto, Keith, Means and President Harrigan - 6; nays, none. Sergeant Nowak wasnot present nor was he represented. (JB)

Bart D. Witherow (P) Sergeant I

As recommended by staff and concurred in by the applicant, service connected disability pension isgranted at 50% with no foreseeable purpose for review. Motion made by Commissioner Diannitto,seconded by Commissioner Carter and adopted by the following vote: ayes, Commissioners Broidy,Carter, Diannitto, Keith, Means and President Harrigan- 6; nays, none. Sergeant Witherow was notpresent nor was his attorney, Julie Locks Sherman. (JB)

DISABILITY CLAIM - NEW - TIER 3 - 2

Stacy A. McCain (P) Police Officer II

As recommended by staff and concurred in by the applicant, non-service connected disabilitypension is granted at 50% with no foreseeable purpose for review. Motion made by CommissionerKeith, seconded by Commissioner Diannitto and adopted by the following vote: ayes,Commissioners Broidy, Carter, Diannitto, Keith, Means and President Harrigan - 6; nays, none.Officer McCain was not present nor was her attorney, Steven M. Barry. (JB)

Brian Bassler (P) Police Officer II

Hearing continued. President Harrigan directed that this claim be continued at the request of theapplicant's attorney. (JB)

DISABILITY CLAIM - NEW- TIER 5 -1

Yolanda D. Caterino-Clair (P) Sergeant I


Service connected disability pension is granted at 60% with no foreseeable purpose for review.Motion made by Commissioner Keith, seconded by Commissioner Broidy and adopted by thefollowing vote: ayes, Commissioners Broidy, Carter, Keith, Means and President Harrigan- 5; nays,Commissioner Diannitto — 1. Sergeant Adam Schiffer, Medical Liaison, Los Angeles PoliceDepartment, testified regarding Sergeant Caterino-Clair. Sergeant Caterino-Clair was present andrepresented by her attorney, Paul Young.

The meeting was adjourned at 11:35 a.m.

President

minutes of the board of fire and police … · board of fire and police pension commissioners...

Documents