03/17/1986
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TRUSTEES OF THE EMPLOYEES' PENSIO~ FUND M8ETING
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March 17, 1986
The City Commission, meeting as the Board of Trustees of the
Employees' Pension Fund, met in regular session at the City Hall,
Monday, March 11, 198b, at 9:01 a.m., with the follo~ing members present:
Rita Garvey
Lee Regulski
Don Winner
Absent:
Vice Mayor/Commissioner
Commissioner
Commissioner
Kathleen Kelly
James Berfield
Mayor/Commissioner
Commissioner (arrived 9:01 a.m.)
Also present were:
Anthony L. Shoemaker
Milton A. Galbraith, Jr.
Cynthia Goudeau
City Manager
City Attorney
City Clerk
The Mayor called the meeting to order.
ITEM #2 Minutes - Commissioner Winner moved to approve the minutes of
the ~arch 3, 1986 meeting. Motloa was duly seconded and aarried
unanimously.
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ITEM #3
- Recommendations of the Pension Advisory Committee.
a. Request for Acceptance into Membership.
The City Manager presented the recommendation of the Advisory
Committee to approve membership for twelve (12) employees listed below:
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Classification
Department
Wendy Grundmann
Donald Thompson
NOMllan Jernigan
Randall Bacher
Ronald Willms
Gregory HOlding
Scott Stevens
Susan Phillips
Richard C. Leggett
John 9. McArthur
David J. Adkinson
James C. Rores
Firefighter
Firefighter
Firefighter
Firefighter
Firefighter
Firefighter
Senior Beach Guard
Senior Adm. Secretary
Accounting Clerk II
Maintenance Worker I
Equipment Operator II
Library Assistant I
Fire Department
Fire Department
Fire Department
Fire Department
Fire Department
Fire Department
Marine Department
City Manager's Office
Police Department
Parks and Recreation Department
Public Works/Public Service
Libraries
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Commissioner Regulski moved to accept the recommendation of
the Advisory Committee. Mot1aa was duly seconded and carried
unanimously.
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March 17, 1986
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b. Denial of Membership.
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The City Manager presented the recommendation of the Advisory
Committee to deny membership based on physician's findings for one
(1) employee listed below:
Name
Classification
Department
Daniel Fausz
Water Distribution Service
Worker II
Water Div./Utilities
Commissioner Winner moved to accept the recommendation of the
Advisory Committee to deny membership. Not1oa was duly seconded and
oarrled unanimously.
c. Request for Pension.
The City Manager presented the recommendation of the Advisory
Committee, General Employees' Pension Fund that the employee listed
below be granted Employee Retirement Pension under Section 5 of
Employees' Pension Plan.
Roy Goodwin, Assistant Fire Chief, Fire Department, effective
February 14, 1986, in the amount of $3,101.72 per month.
Henry C. Klein, Firefighter, Fire Department, effective
February 11, 1986, in the amount of $1,052.76 per month.
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Commissioner Regulski moved to accept the recommendation of the
Advisory Committee. Motion was duly seconded and carried
unanimously.
ITEM #4 Other Business.
a. Fiscal 1986 Funding Level for City Contribution.
Commissioner Winner moved that the City's contribution to the
Employees' Pension Plan for fiscal '86 be set at 8% of eligible
salaries, thereby matching exactly the amount contributed by the
employees, and that the appropriate officials be authorized to execute
same. Motloo was duly seconded and oarrted unanimously.
b. Appointment of Actuary to Perform January 1, 1986, Actuarial
Study.
Commissioner Regulski moved to appoint Ogle & Waters, Inc. to
perform the actuarial stUdy for the Employees' Pension Plan as of
January 1, 1986, for a fee not to exceed $8,000, and that the
appropriate officials be authorized to execute same. Motloa was
duly seconded and oarrled unanimously.
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Attest:
ITEM '5 - Meeting adjourned at 9:08 a.m.
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March 17, 198b
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J!oaI"d or 'l'Nateu or tbe IIIpl~_'
March 17, 1986
9 a.m.
P...10ll l'uDcl
1. Call to order 1 . 9:01 a.m.
2. Approval of Minutes of March 3, 1986. 2. Approved.
3. Recommendation of the 3.
Pension Advisory Committee
a. Request for acceptance a. Accepted.
into membership:
Wendy Grundmann
Donald Thompson
Norman Jernigan
Randall Bacher
Ronald Willms
0 Gregory Holding
Scott Stevens
Susan Phillips
Richard C. Leggett
John H. McArthur
David J. Adkinson
James C. Rores
b. Request for denial of b. Denied.
membership:
Daniel Fausz
c. Request for Pension: c. Granted:
Roy Goodwin, $3,101.72
Roy Goodwin /month, effective
Henry C. Klein 2-14-86; and
Henry C. Klein,
4. Other Business $1,052.76/month,
effective 2-11-86.
a. Fiscal 1986 Funding Level for City
Contribution. 4.
a. Approved.
b. Appointment of Actuary to Perform b. ApPointed.
January 1, 1986, Actuarial Study.
~ 5. Adjournment 5. 9:08a.m.
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