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01/15/1976 ~\. , " ) . .' :,~,l"~:,' e '> .. . td :,..1 , ,.c,:;: :1' . " 1; ~ t ' . !',; .::::X?' ;!,~;,: ;:~;\\ (::',:":.}'(?'::~:::~\ ) . .' ~i~~':::':{:/ t '. .1,. , ' ,,' :.:; :~~ .... '; , , ~:\ {>\;:~,,' : ~ l, ;1 " .... " ." " Ci ~,:1" .~; ..' , }' , ,. ~~I~,,:-;'::';':":'.:": ,:";, ,.'" . ;1.~(j~}/<: .........<,'...:., <'<it, '." ~r::'H,.,,'.~'" ,y ", '" ,:<,:; ,.'" .",,' \. ::,':.', /::'. }. ",. l. " "r:.;. C'I,'. ' . .. '. C _ ; ~~~~~ i.o,t ~...:HZ.":;O'.'i'H~I'-..;\~"''t"lct.~ ~_.,..:.... ~:: . C! , , 01' '. :11 ,,/ ,,' " '.<, ,:. ,~ , ;~ " ',' ~ r '. .: ", . .'C,. + C ~. : :, It:J~ , ,~ .: :, , .. I" . , ,I .',.. ., , , '{, ", t: . \'.;" . , . ' ,,' . ....~?.,.\. ,.'"" ",'~ ..~..I.r"" '. ."~_~'...,, H' . .,' " \ ~ ~ ,; ;, POLICE ,,' :SUPPLEMEN,TARY 11 ;. PENSION' Minutes '1 " DATE (j J5D { '+ ., , :,i.,':,:~;,':: ,": ~. .' , " ...' . I :;. . \ ' > . " -'. < '" i:,.:,:".l, ~ ;,,'1 ~~~ ',C, ~', ,~', c,~ " .' '<I' >': f ... ~ . . \ : .r(, ." . " ~. . I'. .: f, ' -;::l>';~.\ j:, /:; :,' ::' tt' ..f'-: :,.' .....: '."" Ie, '" I' ' I I ',!1J",,> . \., ~ It;: ~.,:'" :" ".""""t' ..':': r,' ()" , , .'.r -:,~;'" ' l .,' >' . ~;}':";~_:::r:,,,,L*:':C':,: :;;', ' : ....., . ,... ... " .. ',' , ;wr.q~'.\T.-,!.~~n~.!,'i ~<<)~1~:O: ';", 1'~,,})I)J~..!~t;!~!'1n.,.!~lr~f:~i >""":""!~I,~.",",.~,.."...t~..,...:,: ~, ,. : l, ~. :.. .' ". i~.\;~' , , !' , r.' '. ;'. '"e .'l" , .'.l 'r. .' 'c, ; ~ i : L :r(t,:;,; " ,.', ,~ '~" i:" ,'\~~~::~~t1~??lff:?J,t~:\1 ~'~:"::"\~!2.?'::~:rf~1~~:~:!i::,':;,;~':~~~'::,;.:;, ':':',' ,'.', ": (~;:~ :~:::~" ,; .' f ':~'~":'!~f:c',l'''<.,'~ td"""l","'" l;.,':::,. ,. }I ~ ..' . .... " . '. .. . . ~ " (~i.':'}~!.c'~:.'.,:~ .'; ":;'; 1.:,' :.:,: I.. J t'~ ".;,":. L:', l<,'. .r,' ;'.1. ~ ''''>~'.',\'' (' ... ,:~..;,:) ", :..:" :1;';':fl,~~n:';:;~;:~'1,~ I '.' ~ " ',~. .'. ;' t. 'I ',I fS',~ :"" :'.'1:: ~Vt;' I ~\..~' ~'~.:~.~/.:... ~. " , 'I . . ~. : :,' ~c" ,', " : ~: ?:~ . ,':"> ~>~\::ic .c, ;;;1 . .,' . " " i' i,1 , ,.' . , , " ..' , ! " . " . ; 'I , : ", ' "T"~."""';.~\"'l.'O;,~~/;;.""'.~:'ci, "~~llr." " l~~.. "'.~'~H. ,. V l. '. /" '<, .~ ,;,,~'.''''l~~f.,.~):t~ . J' '5'ff ": :,rb . :. "J .' :'/ " ,'V \,<. " , , '\' ',. ~~~~ ':'. " <, ,\ I ~" " " \';. .,,' .;; .. !: ,: 1. ,;- ~ :1 ., .' , ., ,:/ ,~ ' ; ~ . . \.1 !l:,., , ' , , ,~':.' ,(1 \ "., '....,: 'I' /. ' .... 'c, V....':. !',: ,I' " " .1.. .. .\ qLEARWATER ~OLICE SUPPLEMENTARY PENSION FUND , " '. ,', " " AGENDA FOR MEETING TO BE HELD ON JANUARY...J:6; 1976 at lO:30 A.M. in' the Conference Room at police Station. .. , ' ,; t,:'. 'l . 1.' . Approval of Invoice from Provident Insurance Company in amount of $15,984_48_ This billing' covers new participants as of I. 9-17-75 and any increased benefit~ for present partie ipants . I, , ~: ~: . " . I i.) . ~ ., ~ . '. , ~ . . " ," ,,' , . .r I ~ I,: ' , ~.. :: ~ t. \c . " 2. Election .' ~' ~' '".' T~~s of Donald Hibbard~ Bernard Enlow' and Jerry Roberts have expired. ,::1'., ''''',~' .vv 3. Pension Benefits for Edwin Kent , " '.' " , J,.', ~'~ . .' " Edwin Kent has chosen the deferred annuity" at age 65, and approval is needed to purchase said ~~uity at a cost of $11,418.77. (Representing $7,387.37 as cash surrender value of insurance,policies and $4,031.40 from the Trust Account.) .', I ; j , . \ '... , . :\ ., ' ~ ., .' -,.; .~ : 1 ,I' ':'. + :. ',' :/ ,'~, ~I,c~ :.1;<, j , >..I,\_Jli".:~ f..,.' " ' ~. ! l . c'" "M.fo ~t~~~~"(~..~t\:;l <..}~ :;.tfi~~/ ~'! .~: /~\. :'~';- .-i. I.' : .' i ,. , \ , .~ .. l ~~~ ,", ...~:~'.~' ~....;: ~:;, '.:::'1' .:" I,' ~ . .'. " \ . ,~ , , ...~~, 0' II MINUTES OF MEETING OF BOARD OF TRUSTEES OF THE CLEARWATER POLICE SUPPLEMENTARY PENSION FUND The January meeting of the Board of Trustees of CLEARWATER POLICE SUPPLEMENTARY PENS ION FUND was held on January 15, 1976 in the Conference Room of the Police Building, 644 Pierce Street, Clearwater, Florida. The following Board members were present: GABRIEL CAZARES, Chairman FRANK DANIELS, Secretary DONALD HIBBARD JERRY ROBERTS Captain Bernard Enlow was absent. Also present were Guy L. Kennedy, Jr., Assistant City Attorney, 'and Betty Ward, Chief Danielst secretary. Mayor Cazares, Chairman of the Board of Trustees, called the meeting to order at lO:30 A.M. He reqt1ested the approval of the minutes of the meeting held November 18, 1975. Donald Hibbard made a motion that the minutes be approved. Motion seconded by Jerry Roberts. Motion carried i~ unanimous ly . U . ..... ,'. .. '!J '-,' ~.. . ":j:,1 t.:_, .<1', '.,":( " '. I, . ,.. " ;'i' '..'-; '.~; i ..,./:}:'- .'.,.' " ," .. ", :l': " ", ~ ,I'''' "~I:, " ',:\ ~': , ' '.... .'.. '. . . ~, ;": 1 ~ \', : :., ~ ".< . .... .~.:, ~:.' ,; ~ . 0',' .. ,,' "-i The first item on the agenda was the approval for payment of an invoice from Provident Life and Accident Insurance Company in the amount of $15,984.48 representing the life insurance premiums for all new participants as of September 17, 1975, and all increased benefits. Jerry Roberts moved that the invoice be approved for payment and that the secretary be authorized to complete the necessary paperwork to accomplish this. Motion seconded by Donald Hibbard. Motion carried unanimous ly. Item number two on the agenda concerned the nee? for an election to fill vacancies on the Board of Trustees. Chief Daniels advised that the terms of Donald Hibbard, Jerry Roberts and Bernard Enlow had expired. Mr. Kennedy read Section 2-20 of the Clearwater City Code pertaining to the Board of Trustees of the Police Officers' Retirement Fund, its members, and terms. Officer Roberts moved that the Board of Trustees recommend to the City Commission that.Mr. Donald Hibbard' be reappointed as a member of the Board of Trustees. Frank Daniels seconded the motion. Motion carried unanimously" The Board of Trustees instructed the Police Chief to take whatever action was necessary to set up and conduct the election for nominees to fill the other two vacancies on the Board. .:/"',~:\':>>:. '...':.\; ~:;:>'~:, :::,;~;',:':':',', .': ,'.'.::,,: .....'..'.'.." ,...." I ':,'J .'- .:::( ~.t . J,' ,... c,:. . (, ~ :::..,: '~,. .. '". ' ; , ,. I .l.. ," ", .'," ' . ',";, ,,' . 1 . \ .' 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':' ~/~ .'..'., ~:.. : '. f!'{rW'::, ":::.;,:r:, ,,:::,' ,,' , " " '~'~;'~~;:~-1~\:'t:"""">;'I~"':;~'''~'':":_:: ,:._'._..~" ;;~;';(,';~d'.;~.'"t~:.,.~'" :w'~';',l ~'.~.:: ~I:;..,: 'I'.: ,;:: ,.",:, "" : ..... ",.:",'.;:, . :a-,'.' , ,I ? . " . ''\' c: . , !:,'. ' f'..:' () ", >,l.' , , ~", ' .',< ;}. ,,' '. . " 'c' 1. " ~,~ ,. l ,~ 'I ':. .' .,. , ' " , ,I. 'I,~ , ' , '. , " ' , '" , , ,'. ~ . , , " CLEARWATER- POLICE SUPPLEMENTARY PENSION FUND , , \' : !~, ; :',/t ,\ MINUTES OF. MEETING JANUARY IS, 1976 " i .\ " I Item number three on the agenda was a request from retired Polic'e. Officer Edwin Kent to receive a deferred annuity at age 65. Edwin Kent's request for pension' benefits under' the Supplementary Pension had' previously been approved'by the'Board of Trustees at their meeting of November l8, 1975, however .at that time Officer Kent did not know which option he'wished to exercise.' Chief Daniels advised that the cost of the deferred annuity at age 65 would be $ll,418.77, ,which is. the summation of $7,387.37 cash value of the life insurance . 'po~icies and $4,031.40 as that portion from the auxiliary fund to purchase the elected option. Jerry Roberts, moved that the secretary be authorized to execute the necessary checks and documents ,to complete the transaction. Motion seconded by Donald Hibbard. Motion carried unanimously. , . ." I :. I': , j' . I" , I" ". I. . I" L . I. i' I': , '.: ~ . I.', ... ' ,There being no further business, the meeting was adjourned .at 11:05 A.M. :'i I" ' ~ "\' ...,......' '. , . c} .' ,......,/ , i,. " '., ' Respectfully submitt ,'. --,'0~ , , . d' DANIELS, Secretary earwater Police Supplementary Pension Fund '. ..' ....; .', 'I, ,~.. ; I.~ c I,' , " ': . '\ U :."' ;~ ,'..' -2- ,\',' ~ , : :'.'~~",:::: ;:,' ,: ; .:,.'::.... ,:, -l" ",:>',::,':; "" ,;"" y:~:,:::"::.'.:'::":I':." .<1' '.' ~~..".' . 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