police and firefighters’

Police and Firefighters’

Retirement Fund Advisory Committee

Nevada Revised Statutes 286.227

April 27, 2012

Sunset Subcommittee of the Legislative Commission

Meeting Packet

EXHIBIT G – SUNSET SUBCOMMITTEE Document consists of 17 pages. Entire Exhibit Provided. Meeting Date: 04-27-12

Sunset Subcommittee Review Form

and

Attachments

Police and Firefighters’ Retirement Fund

Advisory Committee

(NRS 286.227)

file:///C|/...ment%20Fund%20Advisory%20Com/Police%20and%20Firefighters'%20Retirement%20Fund%20Advisory%20Committee.htm[3/22/2012 11:38:18 AM]

From: Tina Leiss <[email protected]>Sent: Wednesday, February 01, 2012 11:15 AMTo: Peyton, JeanneSubject: Police and Firefighters' Retirement Fund Advisory CommitteeAttachments: !PFminutes 072811 final.pdf; !PFminutes 051211 final.pdf; !PFminutes 102611 draft.pdf Dear Ms. Peyton: I have submitted the online form requested by the Sunset Subcommittee of the Legislative Commissionregarding the Police and Firefighters’ Retirement Fund Advisory Committee (Committee). The form also requests that certaindocuments be emailed to you. I will address each of the requests below:

1) The Committee operates as an advisory committee to the Board of the Public Employees’ Retirement System (PERS’Board). As such, the Committee does not have an operating budget separate from PERS as the Committee is staffedby PERS’ employees and administered through PERS as it performs a function completely within the duties of PERS. Therefore, I have not attached an operating budget.

2) The Committee is administered completely within PERS and therefore does not have separate income and expenses.3) N/A4) N/A5) The minutes of all meetings held in the last year are attached.

Tina LeissOperations OfficerPublic Employees Retirement System of [email protected]

mailto:[email protected]

Minutes

October 26, 2011

July 28, 2011

May 12, 2011

Police and Firefighters’ Retirement Fund

Advisory Committee

(NRS 286.227)

These minutes are a draft subject to approval by the Police and Firefighters’ Retirement

Fund Advisory Committee at their next regular meeting.

POLICE & FIREFIGHTERS’ RETIREMENT FUND

ADVISORY COMMITTEE MEETING MINUTES

October 26, 2011

_______________________________________________________________________

The agenda for this meeting was posted at PERS, 693 West Nye Lane, Carson City;

5820 South Eastern Avenue, Suite 220, Las Vegas; 7455 West Washington Avenue,

Suite 150, Las Vegas; Reno Tahoe Airport Authority Fire Department, 1910 National

Guard Way, Reno; and Clark County Fire Department, 575 East Flamingo Road, Las

Vegas.

The meeting was called to order at 10:48 a.m. at the Public Employees’ Retirement

System Office, 5820 South Eastern Avenue, Suite 220, Las Vegas, Nevada.

Members present: Rich Tiran, Bill Ames, Brian Allen, Brett Fields, and Brian

Wolfgram. Members absent: None.

I. PUBLIC COMMENT

None

II. COMMITTEE

A. On a motion by Brian Wolfgram, seconded by Brian Allen, the

Committee voted unanimously to elect Rich Tiran as Chairman of the

Committee. On a motion by Rich Tiran, seconded by Brett Fields, the

Committee voted unanimously to elect Brian Wolfgram as Vice

Chairman of the Committee.

B. On a motion by Rich Tiran, seconded by Bill Ames, the Committee

voted unanimously to approve the Minutes of the PFRFAC meeting

held July 28, 2011.

C. No changes were made to the PFRFAC 2012 meeting dates.

D. PFRFAC conference dates were discussed.

E. Staff provided the Committee with 2011/2012 Retirement Board

Meeting dates.

Police & Firefighters’ Retirement Fund

Advisory Committee Meeting

October 26, 2011 Page 2

III. NEW BUSINESS

A. City of Fallon

1. Police Captain

On a motion by Bill Ames, seconded by Brian Allen, the Committee

voted unanimously of those present to recommend promotional

coverage for the Police Captain position with the City of Fallon.

B. Storey County

1. Chief of Alternative Sentencing Officer

On a motion by Brian Wolfgram, seconded by Brett Fields, the

Committee voted unanimously to recommend approved coverage for

the Chief of Alternative Sentencing Officer position with Storey

County.

C. City of Boulder City

1. Division Chief of Operations

On a motion by Rich Tiran, seconded by Brian Wolfgram, the

Committee voted unanimously to recommend promotional coverage

for the Division Chief of Operations position with the City of Boulder

City.

IV. GENERAL

A. Education – Police/Fire Committee and Process

Tina Leiss, Operations Officer, presented an overview of the above

topic.

B. Staff Reports

Tina Leiss, Operations Officer, advised the Committee that Rusty

McAllister was appointed to the Retirement Board after the July 2011

Committee meeting. Katherine Ong was appointed as the retiree

member prior to that meeting. Ms. Leiss mentioned that the actuarial

valuation will be presented to the Board at its November meeting. She

told the Committee that there was a bill during the 2011 legislative

session requesting that a study be conducted of the System through the

legislature. Ms. Leiss advised the Committee of lawsuits currently

pending against the System. Ms. Leiss stated that PERS complies with

GASB requirements and that changes are being considered by GASB

on how employers will report pensions on their financial statements.



October 26, 2011 Page 3

C. Board Minutes (June 2011—August 2011)

No questions or comments

D. Financial Statements (May 2011)


E. Member comments or requests

None

F. Committee comments or requests

None

G. Disabilities


V. PUBLIC COMMENT

None

The meeting was adjourned at 11:41 a.m.



July 28, 2011

_______________________________________________________________________





Vegas.


System Office, 693 W. Nye Lane, Carson City, Nevada. Members present: Bill

Loncar, Rusty McAllister, John Chase, and Bill Ames. Members absent: Rich Tiran.

Bill Loncar called the meeting to order and welcomed Bill Ames as the newest

member of the Committee.

I. PUBLIC COMMENT

None

II. COMMITTEE

A. On a motion by John Chase, seconded by Rusty McAllister, the

Committee voted unanimously of those present to postpone the

election of PFRFAC Chairman and Vice Chairman until the October

2011 meeting.

B. On a motion by Rusty McAllister, seconded by John Chase, the

Committee voted unanimously of those present to approve the Minutes

of the PFRFAC meeting held May 12, 2011.

C. No changes were made to the PFRFAC 2011/2012 meeting dates.

D. PFRFAC conference dates were discussed. Rusty McAllister, Rich

Tiran, and Bill Loncar are the next Committee members eligible for

conference attendance.

E. Staff provided the Committee with 2011 Retirement Board Meeting

dates.



July 28, 2011 Page 2

III. NEW BUSINESS

A. City of Henderson (For Possible Action)

1. Alternative Sentencing Officer

On a motion by John Chase, seconded by Rusty McAllister, the

Committee voted unanimously of those present to recommend

approved coverage for the Alternative Sentencing Officer position

with the City of Henderson.

B. White Pine County 474 Fire Protection District (For Possible Action)

1. Firefighter I/EMT—Intermediate

On a motion by John Chase, seconded by Rusty McAllister, the


approved coverage for the Firefighter I/EMT—Intermediate position

with the White Pine County 474 Fire Protection District.

2. Firefighter II/EMT—Intermediate

On a motion by Rusty McAllister, seconded by John Chase, the


approved coverage for the Firefighter II/EMT—Intermediate position

with the White Pine County 474 Fire Protection District.

C. State of Nevada, Department of Public Safety (For Possible Action)

1. Lieutenant Colonel

On a motion by Bill Loncar, seconded by John Chase, the Committee

voted unanimously of those present to recommend promotional

coverage for the Lieutenant Colonel position with the State of Nevada,

Department of Public Safety.

IV. GENERAL

A. Education – Disability Process


topic.

B. Staff Reports

Tina Leiss, Operations Officer, advised the Committee that there is a

new Retirement Board member. Katherine Ong has been appointed as

the retiree member for a four-year term. Charles Silvestri served on




the Retirement Board for 12 years. Ms. Leiss mentioned that a request

for nominations for two Police/Fire Committee positions (Bill Loncar

and John Chase) has been sent out. Staff received one response for

Mr. Loncar’s position and will be working to fill Mr. Chase’s position.

Ms. Leiss gave the Committee information regarding the September

planning seminar. She reported that the System had a 21 percent

return last fiscal year (FY11) and reminded the Committee that PERS

does a five-year smoothing of investment returns. She indicated that

there was only one legislative bill of any substance that affected PERS.

It was a bill requesting that a study be conducted of the System

through the legislature. Ms. Leiss told the Committee that a

contribution rate increase started in July and PERS is receiving

certification forms indicating whether employers are going ―in lieu of‖

or ―reduction.‖ Those certification forms will be posted on the

website.

Brian Snyder, Director of Employer and Production Services, stated

that this was the busiest time of year for his staff. July retirements

have just been processed; there were 560 for the month of July. Staff

is gearing up for a big September retirement rush. They have received

650 retirement applications so far and estimate they will have over

800. He told the Committee that his staff is working on compiling

information for the member annual statements and that they will be

sent out to members. Mr. Snyder indicated that this is the last

Committee meeting for John Chase and Bill Loncar. Mr. Chase has

served on the Committee since 2007 and has been a great Committee

member. He has been very helpful and PERS appreciates his

commitment to and time on the Committee. Mr. Loncar was originally

appointed in 1989 and has served for 22 years. He has reviewed 300

Police/Fire applications, attended 89 Committee meetings, and served

on the Committee through three Executive Officers, four Operations

Officers, and four Division directors. PERS appreciates Mr. Loncar’s

commitment and help and all the years he has been on the Committee.

We wish him well in his retirement.

C. Board Minutes (March 2011—May 2011)


D. Financial Statements (March 2011—April 2011)



None





Bill Loncar stated that everyone he talks to, who work with PERS,

indicates that the System is the best agency to work with, PERS always

has answers, and there is no run around. Mr. Loncar said they

appreciate it and PERS does a great job and there are no complaints.

John Chase stated that he has enjoyed the last four years and that he

will walk away with an increased awareness and a greater appreciation

for the PERS system. He has a higher level of confidence in the way

PERS is managed. Mr. Chase thanked the Committee and staff. He

said that staff has always been enjoyable to work with and very

responsive to any questions he has had.

G. Disabilities


V. PUBLIC COMMENT

None




May 12, 2011

_______________________________________________________________________





Vegas.


System Office, 693 W. Nye Lane, Carson City, Nevada. Members present: Rich

Tiran, Rusty McAllister, and John Chase. Members absent: Bill Loncar.

I. COMMITTEE (All items under this heading are action items)

A. On a motion by Rusty McAllister, seconded by John Chase, the

Committee voted unanimously of those present to approve the Minutes

of the PFRFAC meeting held October 21, 2010.

B. No changes were made to the PFRFAC 2011 meeting dates.

C. PFRFAC conference dates were discussed. Rusty McAllister, Rich

Tiran, and Bill Loncar are the next Committee members eligible for

conference attendance.

D. Staff provided the Committee with 2011 Retirement Board Meeting

dates.

II. NEW BUSINESS (All items under this heading are action items)

A. City of Las Vegas

1. Chief Officer—Public Safety (Fire)

2. Chief Officer—Public Safety (Police)

On a motion by Rusty McAllister, seconded by John Chase, the


promotional coverage for the Chief Officer—Public Safety (Fire) and

Chief Officer—Public Safety (Police) positions with the City of Las

Vegas.



May 12, 2011 Page 2

III. GENERAL (All items under this heading are informational, except as

noted)

A. Education – Contribution Plans: A History and

Constitutional, Federal, and State Benefit Limitations & Requirements


topics.

B. Staff Reports

Tina Leiss, Operations Officer, gave the Committee a legislative

update on bills being tracked by the System during the 2011 session.

Ms. Leiss mentioned the current vacancy on the Committee.

Brian Snyder, Director of Employer and Production Services, told the

Committee that staff is working on the Police/Fire reconciliations. Mr.

Snyder stated that group training would be provided to employers for

wage and contribution reports. He advised the Committee that

employers are being asked to report all employees, even ineligible

employees.

C. Board Minutes (September 2010—February 2011)


D. Financial Statements (June 2010—February 2011)



None


None

G. Disabilities




May 12, 2011 Page 3

IV. PUBLIC COMMENTS

None


PFminutes 051211

police and firefighters’

Documents