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HomeMy WebLinkAbout2012.01.09 Fire Penison Board MinutesFIRE PENSION BOARD MEETING MINUTES January 9, 2012 CALL TO ORDER: Meeting called to order at 6:00 p.m. by Rebecca Francik. ROLL CALL: Those Present: Don Carter, Debbie Clark, Alvie Covington, Rebecca Francik, Harvey Swoboda (absent), Dunyele Mason, Lynne Jackson. APPROVAL OF PRIOR MEETING MINUTES: Motion was made by Alvie Covington and seconded by Don Carter to approve the minutes as amended of the October 10, 2011 meeting. Motion passed unanimously. BILLS: A copy of the preliminary monthly transaction ledger for October through December (preliminary) was distributed. Motion was made by Alvie Covington and seconded by Don Carter to approve the preliminary expenditure transactions as presented. Motion passed unanimously. FINANCIAL STATEMENT: Presented. The statement includes preliminary numbers as December year end processing is not yet complete at the city. The preliminary numbers do not include 4th Qtr dividends reinvested or the final fair market valuation numbers. OLD BUSINESS: 1) Alvie requested to keep as a future action item to find the question as to when and why the City started charging the medical premium to the pension fund (rather than the general fund paying for it directly). He indicated that the change happened sometime before 1987. No action taken on this item. 2) Lynne recalculated the monthly benefit for Janet Ellingson for the time in question. Her current total should be $646.85 rather than $643.46 per month. Motion was made by Debbie Clark and seconded by Alvie Covington for the city to pay her the $3.39/month for Nov Jan on her Feb 2012 check. Motion passed unanimously. NEW BUSINESS: 1) Alvie raised the issue that his board position expired 12/31/11 and that new elections were needed. It was decided that the new elections would be held prior to the next board meeting. OTHER BUSINESS: None. ADJOURNMENT: 6:32 p.m. NEXT MEETING ON: April 9, 2012 at 6:00 p.m.