MINUTES OF THE BOARD OF FIRE AND POLICE PENSION COMMISSIONERS MEETING OF AUGUST 5, 2010

Transcription

1 MINUTES OF THE BOARD OF FIRE AND POLICE PENSION COMMISSIONERS MEETING OF AUGUST 5, 2010 The Board offire and Police Pension Commissioners ofthe City oflos Angeles met in Room 800, 360 East Second Street, on Thursday,. COMMISSIONERS PRESENT: COMMISSIONERS ABSENT: George V. Aliano, President Dean Hansell, Vice President Sam Diannitto Brenda Maull Wayne Moore Ruben Navarro Raul Perez Robert von Voigt Adlai Wertman DEPARTMENT OF FIRE AND POLICE PENSIONS: CITY ATTORNEY'S OFFICE: Michael A. Perez, General Manager Laura Guglielmo, Assistant General Manager William Raggio, Assistant General Manager Tom Lopez, Chief Investment Officer Barbara Nobregas, Commission Executive Assistant Alan Manning, Assistant City Attorney James Napier, Deputy City Attorney President Aliano called the regular meeting to order at 9:12 a.m. All ofthe above-listed Commissioners were present at the start of the meeting. 1. NEW BUSINESS President Aliano asked if any Board Member made any expenditure to influence State legislative or administrative action to which their reply was negative. 2. COMMUNICATIONS TO THE BOARD A. Miscellaneous correspondence from money managers, consultants, etc. - Received and Filed

2 Page 2 B. Monthly Report Commissioner Diannitto stated that he received a letter from a retired firefighter regarding the total number of checks issued for the year. Commissioner Diannitto asked that the response be on a personal note, not a form letter and to distribute a copy of the firefighter's letter to the employee organizations. Mr. William Raggio, Assistant General Manager, Pensions Division believes the confusion is that the checks are issued and received the first ofthe month, but actually they are issued the last business day of the month. General Manager Perez stated the issue involves the conversion ofthe retiree payroll system. The first year ofthe conversion, retirees will receive 13 checks in the first year. Retirees will be taxed on 25 checks instead of 24 during a two-year period, which make a tax different to the retirees. He is reviewing the issue closely and will prepare a response. Commissioner Diannitto received an from a retired firefighter regarding the taxation ofthe health benefits and that retirees will be taxed on subsidies in He gave a copy of the to staff and asked that copies be distributed to the employee organizations. President Hansell suggested to the place information on the Fund's Web site to distribute the facts. General Manager Perez stated he will have tax counsel assist with the response. General Manager Perez stated the City Administrative Officer (CAO) gave a presentation to the City Council regarding the City's three retirement systems. A copy ofthe presentation was given to the Board. It contains a lot of information about each of the pension systems: LACERS, DWP and LAFPP. It lists key components ofeach plan and an analysis ofcurrent issues the City has to reach an agreement with the unions. President Hansell's reappointment process was prior to the CAO's presentation. President Hansell gave his thoughts on the CAO presentation. In regards to the consolidation of the three systems, he thought there were legal and political impediments. A realistic approach to achieve savings and what LAFPP is doing is 1) reviewing managers in certain areas to determine the total number needed, and 2) reviewing our expenses. In response to Councilmember Alarcon, President Hansell stated what the Fund was doing in regards to pursing social justice, social equity issues. General Manager Perez stated that the Councilmember Alarcon asked the retirement systems to provide a report on social investing to the City Council at the next presentation which is April/May General Manager Perez stated in response to Councilmember Koretz' question ofwhy three investment staffs are needed, President Hansell indicated LAFPP staffis very skilled in the investment world and can take over the investment ofthe other funds. Commissioner Aliano was impressed by the number of survey returns and commented on the initiatives that have failed. Commissioner Diannitto asked for the status ofthe Governmental Accounting Standards Board (GASB) issue. General Manager Perez stated that GASB has put rules that guide employers in terms of how they handle their financial statements, which contain pension statements. The proposed changes will increase

3 Page 3 the liability employers have for the pension systems and decrease the amount oftransparency the pension systems have in terms of how much it cost to actually make contributions to the system. GASB Preliminary Views have been provided and employers and pension systems are being asked to comment on the issue by September 17,2010. General Manager Perez and Mr. Raggio have met with the CAO and Controller. Both departments will be considered as the employer for the City because they are most affected by this issue. Once GASB receives comments, they will issue a draft and we will provide comments on the draft. Diannitto asked ifwe are affected by spiking issues and does the City Council understand that. President Hansell stated he misspoke when he was at the committee hearing assuming that we did have spiking. He discussed the issue after the meeting with a couple ofcouncilmembers and clarified that we do not have spiking. Commissioner Perez asked that at the next meeting, ifstaffdeems appropriate, to discuss the letter from Mr. James R. Wilke, President of the Los Angeles Retired Fire & Police Association, Inc. to Councilmember Zine on the details ofthe disability hearing for Officer Cottle. General Manager Perez indicated the issue was between the City Attorney and the employee associations. He did not deem it necessary to correspond with Councilmember Zine. Commissioner Moore thanked Mr. Raggio for the graphs in the monthly report. 3. COMMITTEE REPORTS A. Benefits Committee Chair Aliano stated he read an article in the Los Angeles Times about CalPERS returns of 11.6 percent in private equity returns. He inquired LAFPP's rate which was almost 14 percent. He commended Mr. Tom Lopez and his staff for their role on the Fund's investment returns. B. Governance Committee Chair Diannitto stated the next Committee meeting is September 16, C. Audit Committee Chair Hansell stated the next Committee meeting is August 19,2010. D. Ad Hoc Space Planning Committee General Manager Perez reported that staff is continuing to monitor the issue and if a building is found,

4 Page 4 he will bring it to the Committee's attention. 4. ELECTION OF BOARD OFFICERS: OFFICE OF PRESIDENT AND OFFICE OF VICE PRESIDENT RESOLUTION OFFICE OF THE PRESIDENT A nomination for Commissioner Dean Hansell for Board President was made by Commissioner Diannitto, and approved by the following vote: ayes, Commissioners Diannitto, Hansell, Maull, Moore, Navarro, Perez, von Voigt and President Aliano - 8; nays, none. RESOLUTION OFFICE OF THE VICE PRESIDENT A nomination for Commissioner Robert von Voigt for Vice President was made by Commissioner Aliano, and approved by the following vote: ayes, Commissioners Diannitto, Hansell, Maull, Moore, Navarro, Perez, von Voigt and President Aliano - 8; nays, none. Commissioner Aliano turned over the gavel to President Hansell. 5. REVIEW OF WESTERN ASSET MANAGEMENT COMPANY TREASURY INFLATION PROTECTED SECURITIES MANAGER CONTRACT AND POSSIBLE BOARD ACTION Messrs. Paul Palmer, Investment Officer II, Investments Division presented the recommendation to approve a three-year contract with Western Asset Management Company (WAMCO). Mr. Palmer answered the Board's questions and stated that RV Kuhns concurred with the recommendation. WAMCO agreed to revert back to the asset base fee schedule as preferred by staff. Mr. Tom Lopez, ChiefInvestment Officer (CIO) discussed the difference between the performance based fee vs, the asset based fee. President Hansell asked staffto list the performance numbers net of fees in future reports. Commissioner Diannitto moved that the Board: RESOLUTION Approve a three-year contract Western Asset Management Company for Treasury Inflation Protected Securities management; 2. Authorize the General Manager to negotiate and approve the terms and conditions of the contract with

5 Page 5 Western Asset Management Company for services for the period September 1, 2010 through August 31, 2013; 3. Authorize the President ofthe Board, on behalf ofthe Board, to execute the contract with Western Asset Management Company for Treasury Inflation Protected Securities management services, subject to the approval of the City Attorney as to form and legality; and, 4. Authorize Staff to negotiate a multi-user fee agreement that would include other City of Los Angeles Pension funds, which was seconded by Commissioner Navarro and approved by the following vote: ayes, Commissioners Aliano, Diannitto, Maull, Moore, Navarro, Perez, von Voigt and President Hansell- 8; nays, none. President Hansell recused himselffrom Item 6, based on the City Attorney's advice. President Hansell reported that hisfirm as no relation to the FIS Group but someone in his lawfirm is representingalliance Bernstein. Jfthe Board approves the recommendation, Alliance Bernstein will oversee the assets that are assigned to the FIS Group. President Hansell passed the gavel to Vice President von Voigt. 6. DISCUSSION ON FIS GROUP, INC.'S CONTRACT AND POSSIBLE BOARD ACTION Mr. Tom Lopez, CIO and Ms. Erika Tiedge, Investment Officer II from the Investments Division presented the report to terminate the FrS Group due to the loss of a key staff person and for recent underperformance. Mr. Lopez stated the firm was placed on the Watch List in the fourth quarter and discussed their two-layer fee structure. Mr. McCollugh Williams III, President and Chief Operating Officer and Ms. Tina B. Williams, Founder, Chief Executive Officer and ChiefInvestment Officer from the FIS Group presented their case to continue their mandate. Ms. Williams stated that she was willing to discuss their fee structure and efficiencies as asked by Commissioner Perez. Messrs. Michael Ford, CFA, Senior Consultant and Brent J. Burnett, Associate Consultant from RV Kuhns answered the Board's questions regarding FIS Group. Commissioner Perez suggested giving the FrS Group a one-year extension as the Board previously approved for WAMCO. Commissioner Perez moved that the Board reject the recommendation to terminate FIS Group and that staff renegotiate fees with the FIS Group and report back to the Board within 30 days on the status, which was seconded by Commissioner Aliano and approved by the following vote: ayes, Commissioners Aliano, Diannitto, Maull, Moore, Navarro, Perez, and Vice President von Voigt - 7; nays, none. President Hansell left the Board Room for the remainder of the meeting; Vice President von Voigt chaired the meeting. 7. REVIEW OF IFS INVESTMENT AUDIT PLAN ASSIGNMENTS FOR DISPOSITION AND POSSIBLE BOARD ACTION

6 Page 6 Mr. Tom Lopez presented the IFS Audit report, recommending that two items be assigned to complete. RESOLUTION Commissioner Navarro moved that the Board close out all of the IFS recommendations except for recommendations 2f/07 and 3f/01 which would be assigned to complete, which was seconded by Commissioner Maull and approved by the following vote: ayes, Commissioners Aliano, Maull, Moore, Navarro, Perez and Vice President von Voigt - 6; nays, none. Commissioner Diannitto left the room during the discussion and did not participate in the vote. 8. CONSIDERATION OF DIGBY SHARPE'S REQUEST TO TRANSFER FROM TIER 3 TO TIER 5 AND POSSIBLE BOARD ACTION This Item was continued. 9. APPROVAL OF CONTRACT FOR WEB SITE SUPPORT Ms. Robyn Wilder, Senior Management Analyst II and Ms. Carol Tavares, Management Analyst II from the Communications and Special Projects Section presented the recommendation to approve a contract with Buck Consultants for Web site consulting services. Ms. Wilder provided details of the services and requests by members. Commissioner Aliano moved that the Board: RESOLUTION ) Approve the selection of Buck Consultants to provide Web site support for a three-year term, with a total contract amount not to exceed $180,000; and 2) Authorize the General Manager to negotiate the terms and conditions of the contract; and 3) Authorize the President of the Board, on behalf of the Board, to execute the contract, subject to the approval ofthe City Attorney, as to form and legality, which was seconded by CommissionerNavarro and approved by the following vote: ayes, Commissioners Aliano, Maull, Moore, Navarro, Perez and Vice President von Voigt - 6; nays, none. Commissioner Diannitto left the room during the discussion anddid notparticipate in the vote. 10. APPROVAL TO ISSUE A REQUEST FOR PROPOSAL FOR FINANCIAL PLANNING EDUCATION SERVICES

7 Minutes ofthe Board of Fire and Police Pension Commissioners Page 7 Ms. Robyn Wilder and Ms. Carol Tavares indicated that members are requesting information on financial planning and education at the pre-retirement seminars. RESOLUTION Commissioner Aliano moved that the Board authorize the General Manager to issue a Request for Proposal (RFP) for Financial Planning Education Services, which was seconded by Commissioner Diannitto and approved by the following vote: ayes, Commissioners Aliano, Diannitto, Maull, Moore, Navarro, Perez and Vice President von Voigt - 7; nays, none. 12. GENERAL MANAGER'S REPORT A. Benefits actions approved by General Manager on July 1,2010 and July 15,2010 Pursuant to Resolution 04008, adopted by the Board of Fire & Police Pension Commissioners on August 7,2003, the following benefit actions have been approved by the General Manager on July 1, DISCONTINUED PENSIONS - TIER 1-5 Virginia L. Finn Fire Widow Died: R. L. Koon Fire Widow Died: Joyce K. Buchholz Police Widow Died: Marjorie S. Flanhardt Police Widow Died: Cleone 1. Luirette Police Widow Died: DISCONTINUED PENSIONS - TIER 2-11 Nathan W. Neal Fire Service Died: Refujio M. Barela Police Service Died: Wallace R. Cook Police Service Died: Overton D. De Ryk Police Service Died: Jack R. Ennis Police Service Died: Howard C. Minnigerode Police Service Died: Robert S. Rader Police Service Died: Edward 1. Murphy, Jr. Police Disability Died: Geraldine M. Hodges Fire Widow Died: Bessie M. Fudge Police Widow Died: Anita H. Simon Police Widow Died: DISCONTINUED PENSIONS - TIER 3-1 Donald S. Willer Fire Service Died:

8 Minutes ofthe Board of Fire and Police Pension Commissioners Page 8 ELIGIBLE SURVIVING SPOUSE'S PENSION - TIER 1-2 Name Deceased Member Member's Class Effective Date Ardice E. Brower Billie B. Brower Police Service Frankie L. Banks Frederick R. Banks Police Disability ELIGIBLE SURVIVING SPOUSE'S PENSION - TIER 2-4 Name Deceased Member Member's Class Effective Date Florence 1. De Ryk Overton D. De Ryk Police Service Catherine R. Ennis Jack R. Ennis Police Service Amphorn Minnigerode Howard C. Minnigerode Police Service Patricia J. Rader Robert S. Rader Police Service MODIFIED PARTIAL PAYMENT OF PENSION - TIER 2-1 In accordance with the City Attorney's advice, the designated proportion ofthe community property interest ofthe pension payable to Edward T. Zweifel, Police Service Pensioner, being withheld for his former spouse Beth M. Zweifel, effective November 1, 2008, should be released to Beth M. Zweifel effective July 1,2010. Ms Zweifel will receive cost ofliving increases. SERVICE PENSION POLICE TIER 4-1 Gregory J. Kading Detective III Eff: Years 197 Days SERVICE PENSION POLICE TIER 5-1 James E. West, Jr. Captain I Eff: Years 254 Days SERVICE PENSION/DROP TIER 2-1 Police Terry S. Hara Deputy Chief I Eff: Years 44 Days PENSION GRANTED - NONSERVICE-CONNECTED DISABILITY - TIER 3-1, April 15, 2010 Rate Effective Days % Date Jeanne M. Harris PENSION GRANTED - SERVICE-CONNECTED DISABILITY - TIER 3-1, April 15, 2010 Rate Effective Days % Date Sharon J. Kroger

9 Page 9 Pursuant to Resolution 04008, adopted by the Board of Fire & Police Pension Commissioners on August 7, 2003, the following benefit actions have been approved by the General Manager on July 15, DISCONTINUED PENSIONS - TIER 1-1 Mildred L. Bell Fire Widow Died: DISCONTINUED PENSIONS - TIER 2-15 George Cruz Fire Service Died: Garland N. Hoover Fire Service Died: John D. Olson Fire Service Died: Jonathan L. Bulaich Police Service Died: Thomas D. Haire Police Service Died: John E. Hughes Police Service Died: Daniel Roberts, Jr. Police Service Died: David L. Shelton Police Service Died: Charles F. Snell Police Service Died: Lawrence C. Spencer Police Service Died: Donald E. Brown Police Disability Died: Harold L. Hostetler Police Disability Died: Ruth A. Dixon Fire Widow Died: B. Jean Nolan Fire Widow Died: Mary E. Williams Police Widow Died: DISCONTINUED PENSIONS - TIER 5-2 James D. Van Dell Fire Service Died: Douglas L. Young Police Service Died: ELIGIBLE SURVIVING SPOUSE'S PENSION - TIER 2-5 Name Deceased Member Member's Class Effective Date Phyllis A. Hoover Garland N. Hoover Fire Service Marylu Barela Refujio M. Barela Police Service Elizabeth H. Shelton David L. Shelton Police Service Lillian A. Snell Charles F. Snell Police Service C. Jeanine Brown Donald E. Brown Police Disability

10 Page 10 ELIGIBLE SURVIVING SPOUSE'S PENSION - TIER 5-2 Name Deceased Member Member's Class Effective Date Lorilene 1. Van Dell James D. Van Dell Fire Service Janell M. Young Douglas L. Young Police Service SURVIVOR BENEFIT PURCHASE PROGRAM - TIER 2-1 Name Member's Class Effective Date Survivor Benefit % George M. Crabtree, Jr. Fire Disability % SURVIVOR BENEFIT PURCHASE PROGRAM - TIER 5-1 Name Member's Class Effective Date Survivor Benefit % Raymond W. Mauss Police Service % PARTIAL PAYMENT OF PENSION - TIER 5-1 In accordance with the City Attorney's advice, a designated proportion of the community property interest ofthe pension payable to Debra T. Delgado, Police Service-Connected Disability Pensioner, is to be paid to her former spouse Louis P. Delgado effective July 19,2010. Mr. Delgado will receive future cost of living increases. CONSERVATORSHIP - TIER 2-1 A certified copy of the letters of conservatorship, issued in the Los Angeles Superior Court of California, Case Number LP013997, appointing John A. DeAngelo, Conservator of the Person and the Estate of Mildred Shaver, surviving spouse ofa deceased Fire Pensioner, effective July 1, 2010, has been filed with this office. Pension payments will be paid to John A. De Angelo for the benefit of Mildred Shaver. SERVICE PENSION FIRE - TIER 5-1 Carey R. Steiner Firefighter III Eff: Years 12 Days SERVICE PENSION POLICE - TIER 5-1 James Sanchez Detective II Eff: Years 27 Days PARTIAL PAYMENT OF PENSION TIER 5-1

11 Page 11 In accordance with the City Attorney's advice, a designated proportion of the community property interest of the pension payable to Thomas A. Burris, Police Service Pensioner, is to be paid to his former spouse, Martha Burris, effective July 10, Ms. Burris will receive cost of living adjustments. SERVICE PENSION/DROP - TIER 2-2 Police Terry B. Carlos Detective III Eff: Years 32 Days Robert S. Veliz Detective II Eff: Years 243 Days SERVICE PENSION/DROP - TIER 3-1 Police Randall M. McCain Police Officer III Eff: Years 143 Days SERVICE PENSION/DROP - TIER 4-2 Police Marcia A. Chopp Police Officer III Eff: Years 217 Days David A. Harrison Sergeant II Eff: Years 1 Day SERVICE PENSION/DROP - TIER 5-22 Fire Curtis O. Black Engineer Eff: Years 170 Days Abraham J. Carreto Apparatus Operator Eff: Years 62 Days Dane P. Coyle Firefighter III Eff: Years odays John R. Kitchens Captain I Eff: Years 172 Days Ronald H. Klamecki Captain I Eff: Years 5 Days Robert M. Lopez Captain II Eff: Years 158 Days Michael D. Porper Apparatus Operator Eff: Years 7 Days Tim E. Traurig Captain I Eff: Years 286 Days John A. Wilkins Apparatus Operator Eff: Years 102 Days Juan J. Zabalza Firefighter III Eff: Years 8 Days Police Steven J. Biczo Detective II Eff: Years 79 Days Wayne C. Blandin Detective III Eff: Years 329 Days

12 Page 12 Arthur J. Duran Rick L. Madrigal Victor J. McDowell Antonio R. Morris Steve G. Savala Brent A. Smith Stanley M. Sokolis Janice K. Thomas Thomas P. Vettraino Richard H. Wall Police Officer III Police Officer III Detective I Police Officer II Sergeant I Sergeant I Police Officer II Detective II Detective III Captain I Eff: Years 246 Days Eff: Years 245 Days Eff: Years 195 Days Eff: Years 2 Days Eff: Years 32 Days Eff: Years 197 Days Eff: Years 11 Days Eff: Years 185 Days Eff: Years 88 Days Eff: Years odays DISCONTINUE DROP - TIER 2-3 Fire Joe R. Robles Police Exit Close of: James P. Mascola, Jr. Frank T. Weber Exit Close of: Exit Close of: DISCONTINUE DROP - TIER 5-13 Fire Richard D. Anderson Francisco J. Cordova Gary R. Huddleston Robert E. Jackson Tom 1. Kaneshiro Police Thomas A. Burris Douglas E. Gallaher Donald W. Lawrence Douglas C. Lemelle Eduardo H. Saldana Douglas R. Schmidt John R. Service, Jr. Mark L. Ziemba Exit Close of: Exit Close of: Exit Close of: Exit Close of: Exit Close of: Exit Close of: Exit Close of: Exit Close of: Exit Close of: Exit Close of: Exit Close of: Exit Close of: Exit Close of:

13 Minutes ofthe Board of Fire and Police Pension Commissioners Page 13 DISCONTINUE DROP - Deceased - TIER 5-1 Frank 1. Mika, III Eff Date: Died: B. Other business relating to Department operations General Manager Perez gave the following updates: 1. He was contacted by former CAO Keith Comrie from the Civic Alliance organization to provide a presentation to the group next week. He, Ms. Laura Guglielmo and Mr. Tom Lopez will provide information regarding our System to the organization. 2. Mr. Devin Billingsley, Management Analyst from our Investment Division, recently made a presentation to the Board, was recruited by DWP as an investment officer. This is the third time DWP has taken one of our Investment Officers. He reported the history ofpay disparity among the City's retirement systems and suggested the possibility ofmoving all investment officers to the upper paygrade. He would like to bring the disparity issue for Investment Officers with DWP to the City Council. 3. He introduced a new employee Ms. Erin Kenney, Internal Audit Manager. Ms. Kenney stated her background for the Board. 4. He commended Commissioner Aliano for his work as President of the Board. C. Marketing Cessation Information 13. CONSIDERATION OF FUTURE AGENDA ITEMS There were no items referred. 14. PUBLIC COMMENTS There were no public comments. 15. CONSENT ITEMS A. Miscellaneous Board Actions 1) QUARTERLY COMMISSIONERS' AND STAFF TRAVEL REPORT

14 Minutes ofthe Board of Fire and Police Pension Commissioners Page 14 B. Approval oftravel 1) APPROVAL OF TRAVEL AUTHORITY - STATE ASSOCIATION OF COUNTY RETIREMENT SYSTEMS (SACRS), PUBLIC PENSION INVESTMENT MANAGEMENT PROGRAM 2010, AUGUST 8-11, 2010, BERKELEY, CA C. Approval of Minutes 1) Minutes of the Regular Board Meeting of May 6, 2010 and May 20,2010 2) Minutes of Special Board Meeting ofjune 17,2010 D. Findings of Facts - Tier 5-1 1) Roderick M. Miller Commissioner Diannitto moved that the Board approve the consent items, which was seconded by Commissioner Aliano and approved by the following vote: ayes, Commissioners Aliano, Diannitto, Maull, Moore, Navarro, Perez and Vice President von Voigt, -7; nays, none. Item 11 was taken out oforder. 11. CLOSED SESSION PURSUANT TO GOVERNMENT CODE SECTION REGARDING THE PROPOSED SALE OF THE EXELON OFFICE CENTER PROPERTY IN KENNETT SQUARE, PENNSYLVANIA, AND THE SHADELAND STATION AND KEYSTONE CROSSING OFFICE PROPERTIES IN INDIANAPOLIS, INDIANA, BY URDANG CAPITAL MANAGEMENT, INC, AND POSSIBLE BOARD ACTION The Board met in closed session. Deputy City Attorney James Napier took the City Attorney chair at this time. 16. DISABILITY CASES DISABILITY CLAIM - NEW - TIER 5-1 Dori A. Wolfenstein (P) Sergeant I Service-connected disability pension is granted at 65% with no foreseeable purpose for review. Motion made by Commissioner Moore, seconded by Commissioner Diannitto and adopted by the following vote: ayes,

15 Minutes of the Board of Fire and Police Pension ComiIiissioners Page 15 Commissioners Aliano, Diannitto, Maull, Moore, Navarro, Perez, and Vice President von Voigt - 7; nays, none. Sergeant Wolfenstein was not present, but was represented by her attorney, Thomas Hoegh. DISABILITY CLAIM - BOARD ORDERED REVIEW - TIER 3-1 Alvin Labostrie (P) Police Officer II (Retired) Hearing continued. Vice President von Voigt directed that this claim be continued due to time constraints. Dr. Marshall Cherkas, Psychiatrist; Mr. Anthony Simien, Accountant; and Lieutenant Leonard Cross, Medical Liaison Section, Los Angeles Police Department testified regarding Mr. Labostrie. Mr. Labostrie was present and represented by his attorney, Thomas J. Wicke. The meeting was adjourned at 1:22 p.m. President