Sheriffs' Pension and Relief Fund Board of Trustees public meetings in 2021
3 substantive meetings from 2021, with official agendas or minutes and plain-English summaries.
Sheriffs' Pension and Relief Fund Board of Trustees
The Board approved the 2021 Actuarial Valuation, which included setting the valuation interest rate to 6.90% for Fiscal Year 2021. Trustees also approved retirement, disability, and survivor benefit applications and the November 10, 2021 meeting minutes.
- Approved 2021 Actuarial Valuation and recommendations from Greg Curran
- Set valuation interest rate to 6.90% for Fiscal Year 2021
- Approved November 10, 2021 Board meeting minutes (unanimous)
- Approved applications for retirement, BackDROP, disability, and survivor benefits (unanimous)
- Approved applications for reciprocal recognition of service and transfers (unanimous)
Sheriffs' Pension and Relief Fund Board of Trustees
The Board approved a new policy for Covid-related death and disability benefits for unvested members, including a provision to consider vaccination status for claims starting January 1, 2022. The Board also ratified an actuarial agreement and approved several benefit files and retirement applications.
- Adopted Covid-related line of duty death and disability benefits policy (passed with one opposing vote)
- Approved resolution adopting the annual Audit Compliance Questionnaire
- Ratified Actuarial Agreement with G.S. Curran & Co.
- Approved line of duty death benefits for File #1
- Approved line of duty death benefits for File #2
- Approved line of duty death benefits for File #3
- Approved applications for reciprocal recognition of service, transfers, retirement, backDROP, disability, and survivor benefits
- Approved March 10, 2021 meeting minutes and Investment Committee report
Sheriffs' Pension and Relief Fund Board of Trustees
The Board approved a 2% Permanent Benefit Increase for retirees aged 65 and older who have been retired for one full year. Members also maintained the employer contribution rate and approved a three-year audit engagement.
- Approved 2% Permanent Benefit Increase for retirees 65+ retired for 1 full year (Unanimous)
- Maintained employer contribution rate at 12.25% for FY beginning 7/1/2021 (Unanimous)
- Reduced Valuation Interest Rate from 7.0% to 6.95% for FY beginning 7/1/2021 (Unanimous)
- Approved 3-year audit engagements for three required audits (Unanimous)
- Adjusted option factor to 6.95% for FY 2022, effective 7/1/2022 (Unanimous)
- Authorized replacement of building chillers and pumps for $116,775.00 (Unanimous)
- Approved minutes of the December 9, 2020 meeting (Unanimous)
- Approved applications for retirement, backDROP, disability, survivor benefits, and service transfers (Unanimous)