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TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING r t ,
January 16, 1990 ? r`
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,'.: ,., The City Commission, meeting as the Board of Trustees of the Employees ;
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Pension Fund, met in regular session at City Hall, Monday, January 16, 1990 at '' r
9:07 A.M., with the following members present: 4 ? ?;;
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- Rita Garvey Chairperson ?` 4 ;'
Lee Regu 1 sk i Trustee t 1 ?'? ,`
Don Winner Trustee ? ? ??
'' William Nunamaker Trustee (Arr. 9:08 a.m.) r, ,' `5A ;f ??:??'
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Richard Fitzgerald Trustee `' °'? '
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;; Also Present were: ? f
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r r Ron H. Rabun City Manager s ,„ „ i `; * ??;
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} Milton A. Galbraith, Jr. City Attorney ?- r?:? °?^'? ??????-,,'
ara ? Cynthia E. Goudeau City Clerk
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t 1 ? 1 ? }???t to
??';? ' ? t? ITEM #2 -Minutes: r? ? ? } . ? ?? ? _ ,.i r?.
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,..? ??°` Trustee Fitzgerald moved to approve the minutes of the December 18, 1989, ? ` f ?r„ ?,"??i?
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1 r ° , ,?? ? meeting. The motion was duly seconded and carried unanimously. ?'' `u ': lx>??'
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' ;s?,??,? , ??, * '?' ITEM #3 -Request for Acceptance into Membership: ?` ' ?, ?? „rF"'?t$.,
, t}?ti ?, ry??{ tit .: }, fir. rrs Y try.
?r ??t'u ?„k??, The City Manager presented the recommendation of the Pension Advisory
' ?C?TMr? ` ? n4', ?? ' ? Committee to approve membership far the employee(s) listed below: ° ?? r'? ? s y
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';r??; ???a? , ?y`?a ? rr`" a Gregory Stewart r ' -?r ? ? ;????, `'J<ty'.
?? 7 ` ? '{ b Charles McCarty ?? r ' ?' ' ??
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f??.t5?? ?'? ` "? c Betty Kullen .} , I ? ? ra ; ? ?? ll .x .
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t?'r ?7?a?r?u?,??pY ,v r ,,.s ? 1rwR r? ? t ? `r tied..;
?,,???,Y??k???,ri ; d Diana Henderson , ? ,} r ? ?? ?
??????f?°?7K+??? ?r1 ?y a Jennie Keegan ? ??; t ?': ,r?, r i, x•?:
"",*r;..4 ,; ??xrr ?' ? ? ? ? f Raymond Wyland '
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r>?y?????r?b??????`srk, ??,? ??>< g Joseph DeSantis ?.
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?,?j?, j ?,:? ? ? Louis Kwall, Attorney for Joseph DeSantis, questioned how the buy back s `, ,I
,'fit '3??C?Y??r,„!?+$??.?j' ? ??V rr„k?? r'? i
y,=„?„r??`,???tw????i?t ;,f, ?,? price for Mr. DeSantis was established, in particular the interest rate applied. 7w }, ,ra
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tvty uhy , °Cr?r'3 ?'r ??ti"'?tiwt;?, f? it ? ??7? "
??7.>?+?r?? ? ? ? H. M. Laursen, Personnel Director, indicated the Finance Director had S
Fra?,?, ? ,h d <> x ,
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??.?? t???r<?t#?rm???4?t computed this based on the amount of funds withdrawn by Mr. DeSantis plus the I
?????'??i ?'r?y"?r9r it ,, $? tr .. tii , ?
?, ,'??°? `t" ti4,'`q?`?r , {c{r " interest amount of 12% as was used in the Kettel case and arbitration awards. Ne ; , r ,r
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,x??,r ,??,? ,., r?'?} ? „4? R ;? stated this is scheduled for discussion by the Pension Advisory Committee at its ,,. , °` ? ?
? t?`,p?`?'??7? ;r}?t,>7? ?.,'?? ,? meeting of 1/11/90. %'r , ,? „ „?"..
?IS?tC1?1?1?`sr, ,?irv ?;.t,or )1 , ,? rTr. ?. I Y I. e v' ?.
aw Ki x 1 ?? yr ,S,r ', yn 1 ] r
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? ?? ti+?'p?rr?s? ? ? ' A question was also raised regarding whether or not there would be a time '?` ? ? : ??' ? '?'
? r;?.t?;,rk ?'?'`??}r'' ?'? t`'''' limit on the buy back. Mr. Laursen indicated this too would be part of the ? `? ? tf"'
F
x?j???x????t????u???'}?,?x ?r?,,' , Pension Advisory Committee discussion. r ? r
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Trustee Winner moved to accept the recommendation of the Pension Advisory ,?
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Committee. The motion was duly seconded and carried unanimously. ? '
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ITEM #4 -Request far Denial of Membershio: ?? 3 v i
The City Manager presented the recommendation of the Pension Advisory ? _
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Committee that the employees} listed below be denied membership in the t '? '
Employees' Pension Plan: t
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a) Leroy Sams
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b) James Grigley ?` ;',
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Trustee Regulski moved to accept the recommendation of the Pension Advisory i
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Committee. The motion was duly seconded and carried unanimously. ? ' r' ? ? ??, °'?
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ITEM #5 - Request for Pension: t ?
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The City Manager presented the recommendation of the Pension Advisory
Committee that the employee(s) listed below be granted a regular pension under
Section(s) 26.34 and/or 26.31 of the Employees' Pension Plan.
a) Betty Ward
b) Nicholas W. Lewis
c) Don Lambert
Trustee Regulski moved to accept the recommendation of the Pension Advisory
Committee. The motion was duly seconded and carried unanimously.
ITEM #6 -Other Business:
None.
ITEM # 7 - Ad,iournment:
The meeting adjourned at 9:11 A.M.
ATTEST:
Cit Clerk
1/16/90 2
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? 1.
Call to order
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? 2. Approval of Minutes
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into membership:
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a) Gregory Stewart
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? ? b) Charles McCarty
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d) Diana Henderson
e) Jennie Keegan
f) Raymond Wyland
g) Joseph DeSantis
{' 4. Request for denial of membership: 4. Denied.
a) Leroy Sams
b) James Grigley
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5.
Pension(s) to be granted:
5.
a granted.
;?? b granted.
'"; a Betty Ward c) granted.
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? b Nicholas W. Lewis
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c Don Lambert
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i;?`; 6. Other Business: 6. None
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`?'? 1. Ad 'ournment:
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1. 9:01 a.m.
2. Approved as submitted.
3. Accepted.
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