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09/08/1978 "'\/;":<~,;,,' HI ;.; <' ~.~" , "1,',:',1 " :.' ;,; , " ,:'~' \ '> " I :';',:?X}',::,'<';:~~/;' /:':~';i\ 11s,~Ij;:\';':f:,;i;:;t:; :i: r'~,: :;,: '.":f!':' ~:;' L~;,: ':' " , " ~~~/ ~': ~...: <. ' "' ,> 'lll' , n, ", ,~, ')~"(1r '.:: ,', '-, :\. , ; ,",~'''~; >, , ' " " ,T _';f,:VJ" , {," '?>+ ,~ ,! ,. : ~ I "",,~~:;...;.~: ~ ~ , ',' . t ~.. ' , ,', , " . , ,,. ", i:'~,<[t, " ,:~, \ ~;: ,~ \.'~ ",<,,~~:" : ~ '"...\' . 'L' t ~ ;.;,::;>:i,' ',:,~ , , ,~ " \\~:;r~:/" '::':;::';. " ,(~,~',~ :,;;::\ "~ t,',\,:;:,;~:,~'>'l' :. " ~. ' ' ~ , 'r '"p, ,', ',' ,1.' \ , )... :' " .' " , , ,.>,,' '\,' ,/, " .. 'I ; : "~', I' ., .1;-- ,or .. , " " " " H , , ,/ ~ ' ':.' ," .. " , ~ ~ ; 1,/ , , , " " , ~, , ~ " ' "-I- " " T I ~ . " '.' '" " ,:' 'l , " ....\.F'.I \.,: " ,,' .' '.1' ," , ." ~" , ,> ~"I :' ~.~' ,:,: '/...' ,.' :'. " , , ~~: '.' \ ," r ',', '" ' '" '.;. , /1, , . ' .::~: ::' " ,\'> \~~ ' ' :. :'~\' " "',',i " ,;' ,i" ,l.. , I' T<' ',\ ~ " 'J!. . '. ,',,:' .. :' ""::: "', ':." ',',',::<.':; :.>t:~,<, ." ,';. "', '~.' " " ,. , ~ " \,' , " ", ," "I " " .\,'" , , " .J: , " .. ,"::j '." ,._W~""'''i''>''"'t'~'" ~ 'r : .,:._......I,:'.~'.... ~~.:>~>Iro,<I.:..\.o ~, . ' ......,..... """>'~.ll';'p~'. ,j.."':,":I>,}:,,:'::.....,.. ...., '''-I '<'~"''"''~'~> .. ' ,\ ,'.;'; , , , 'il i . ..~ . .: ',I, i , :'~"' l' : ,:,'-.. ,,' 1.:- .,... POLICE '".- " .. ~ , , , SUPPLEMENTARY ,,: ,~,:-" :, ' PENSION' :, i"~ > ' ""~ I ' :M;jnutes I ~ I .." ,/ 'DATE "- ~ gr19'l8 o'~o7 ,,I ,. L' , ~: ; " ,) "' ,I " c , ..;1' " " :',' c",:;,Uc :":<:: !1~:\~; ~~:>':~'~tc::,'!';;;~;'~~:':\":;:'?:~ '., .~ . : l . '" , ,.,:,,!,;~~:~~l;~~t,);~;,!~!,~,;;;,'?W::',;r.";,}r:~:!!r:':';/~F\;;.:<:t:'Y.:f~,:<::".:::,:~y:;:, '"J,'; ~ ,'.., ',">", ',~ . ~' , " " ". ,:(.' ..: '>' " ..,',.~~.,,' ~~'\>~.' I'.,.,' ",' , ';\".: ,'.~::,'~I ',' r: '", .,,:,\:' ,':.-"', ' ., " " ' ", , " " .,,' > '~ 'T t ' . " ','~ \. ~; " -: 'I " . l ,,' , ,: :', '" ~ r " .. .'" Ll I:;L.~ .:.~ :" .' '\<i', ',-;,",,"~.i' ,~,,\,,{o ~ " '!' , ,{ , I ~ j < .! '. ~ . . . .~ ",':'~' ::. ,.., ,"~ h, ",! ~ I'~;"" ": ';, .'1 ~ " ' ' ,...' r ' , , I, '":: '~"l ~ j ,{ :' ,"', :. '(\<~l:~,,~ ~::' , ~.. 1 "",~~ .. ?,I~:':':~' "'." ,',,", " ~,'. ',., ", ~.~J.i~""',-lf,~~__~.. ..~'" w r~.: ~I," :~' 'I ' . \' , " ',' , ,"J ,,': ~ .. '.' . ,'~' ~ < " . ,'. ~ 'I .,.,1 . ,~o " ,j " H' , " ~' ~ ,';';:.: r:::'.: , 11:",: , ~ ~ , \, ) ,~l > , '>\ ,r,~ /", :~ , ~," r"" " ,l,. ',< ,'" t' ~ " ..'. I h. I ., '<. ., ':' >,,:,-: ;-';','::;, ,"'.', >',:' ,; ~ ,,".. " ,~: , ( .. ~ " '!l: "'J. ',P ,-:,../""~ .:,' , , " , " ,:"j;,;;,;;,~j ~': c ", ":'::),~~r " . ',~:' ~ I ;l.r. I,f,',.l ~ ': " .,'1 . " ~ , '" " l " " .', ~ '~'. ". ' , ~' c. , ~', ' ~. . ' ' :". : I ~ .! I:', , ' ,r',) ,'I ; , '~'!' ,.' ,,' 1 "., ."..'., "I",: ' '" I', , ~ ,i , . ,~ ' " '_,I, , " , ,.... , , '~:.: ~r"'~ ~..-'...~''t.1'~~ I~~;"~...~ ~,' > , '. '. "~'~~:~~'~'t~~f?"':fl'~~'i;'-r ;~.~.; j;'.... <~'\ "~>....-r-~ ,;. ,. ., .~. " ,..".~~,.,'._..~.J..r,.~~~~. ..,.",....,,', , , ,c, . ~. .~""" ,", ~, ." , . " ~ ", " '." I ,- ,. ,~I ,.' ,,); , : (: ",;, ,,' I ,:. ~ " t", ,l' , ~ " ,', ')' , " '" , " :1:; , " "..., '; ',~"'~yJ ", " ..~ ~1 '~ ~ i:' ~:., .' ,j '. '/..~ , :"1 ;" '~, , " ~, ~ CLEARWATER POLICE,SUPPLEMENTARY PENSION Sepfe1nl?er g)'lQ1f:!, , I 'I ,... ,.',:,:. ,"". . .,' .' ',' "i; 'J,' \~>' ,- AGENDA , 'c " " 'f, ~\:;;'" ;j.: ..{':'. '';.'1:' ~ " ,. , ; ":~>" ' l'~ A~pr6val"of Minutes August, 16, 1978. of' Meeting held, ',' , ~ I :./ ':. ': I " ,\ I ~'I '/", "t'; " 2. Approval of Invoice from Provident Life and Accident 'Insurance Company fo~ann~al premiums for present participants effecti've 9-:-17-78_, ~~ c' , , :." "j ;:~;: " ,'., "\" , . ~ r,::, :,0......., .~ ' , ' ?': ' " , J, '~ '-: ~ , :. (,:' ' ANIELS, Secretary Trustees " :r", j,.' ';:, " " ~ .': ~i ~.' ' i " ~,; I " '., " ~', ' " ( " .i ): " I, v '> ~ "i' , : I '>" . ~ ~> ' ~. :~f~1t,~1~~(f~~'~~)~':-~~!?"JU:;!.1r.5,,~~~~~"lri,~rf~~";':"I.!*,":~"'1if': ~.". ,P~~ : '; ~""~:r~~,,{~ ,1;'k':: l'f :~':r,~-1'''. '.~., ".~",~::~,i,,'\~:,',~,:,'~,:.::";::,",:'~:~',',,',.,:",:,.,Y,":.'.>,~;,',;,":\,;, "?,:,:,,i,',(,:t%S;".~~::':';'F:<~;ii:,t':; ;:::'.: .'..;.'. ,.,",:, . ;:,; , ,- ',' :;,' ,! \;~:'t,<>, ::\~ :,f', ,: ," , ' , ':'~:",,:":~,i,'..',::',',(>,.':, ,:,:<".."t\,:'"" ' ,:"i":~' ;." " ,r , t:. '. I" ,{ ...' .". \ ", ,',.."',:":~',.'>'~>,"~:,'\:i~:"",,:,/ : }.;,::::'.:.:':;....:" "., " , , '-', :,.' ,~/>:~~ ,:" , p ~:';:")~~Ai~FS':':':":";:'~',:',;,'::....",,,;,I,:,j:\, ,:, "', ,,:' " , :,: ,~~::..' , l ( ':-1-', ' " .,,1' ":(; ,<', ',',' , , " I ,r, I , f ::' >' i . ;, ," " : ' 1 . I ,,',: ", ' " f .' ~ ,.' I " , ~ ~ , ;)' ' ' >', , , ' I ~ ; , \" ;;, ' , ' . " ' , , ~ "', .. , ' J:.'.':;, ";""::" :'::-,;,',',.' 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' ;:" ':;, ~ ~' :'Y , I," ') ,':,:} , ' , .~ ,~ 't , ~ .,... : i ~:!! CLEARWATER POLICE SUPPLEMENTARY PENSION ,', " -., Se,p1ember g ,/Q1g l , "~: ''; ,t " ~ri , . ~t:', . ,~V~. ,: . : ~ ~ -;;".~, >:~, ' ?1\".,\ , ~::':<:' " ,~ ,', .., : "', :;:t,: ' ~'~' ~,: ' . ';:','.,/ " .: " , " ,j 'j AGENDA , \ " ,,V ',; ,; ,.. "", i/t'... .. , ~::".r , \ " 1 ~' .Approval of August 16, 'Minutes 1978. of Meetirig,' held '.,' ;:i: ',:~' .~~ ~ II;: ,.i 2. Approval of Invo~ce from Provident Life and Accident 'Insurance Company for annual premiums fqr'present participants effective 9-17-78. ~~ " ,:.~:', .,:: l~f~': :', ,..." :t.'->'~" . ' ~::~ ' ", ?f~::":f~ ':- \ " \........ ,'" " ~. 'I DANIELS, Secretary of Trustees .'.,' ," ,'." .:~; I . " , ':\ ',,' " ' , .;..'. t:. ,. ~.'.' ' ,2 ,'" " "I " , ~~;.." " ' ,,' ' ,', ~,' " J " .' :;, 'i ,.~' J ,I", V ", I' II' " " , '. " , '" " , " " ;.. , ' .... ",,'or',',}. l'" , i: ...", ,.",',' ? . 1,' ,', '. ~ ': ~ , ", . . .. ~, ,<,~ ~ CLEARWATER POLICE SUPPLEMENTARY PENSION FUND ,,-.\ ' ',,'" MINUTES OF MEETING HELD SEPTEMBER 8, 1978 A meeting of the Board of Trustees was held on september a, 1978 in the Conference Room of the Police Department, 644 Pierce Street, Clearwater, Florida. " The following Board members were present: CHARLES F. LeCHER, Chairman FRANK DANIELS, Chief of Police RAY KAMINSKAS WILLIAM SEDRICK Absent: DONALD HIBBARD Also present were Rick Griesinger, Assistant City Attorney, and Betty Ward, Chief Daniels' Secretary. Mayor LeCher called the meeting to order at 11:10 A.M. and called for approval of the Minutes of the meeting held on August 16, 1978. Detective Kaminskas asked that the minutes be, corrected on Page One, Paragraph 5 to read, "Detective Kaminskas made a motion that the Lump Sum Ordinance be amended and that the legal staff draw up a proposed _", ordinance. 1\ Officer Sedrick made a motion that the minutes be l~approved as amended. Detective Kam{nskas seconded the motion. Motion carried unanimously. The second item on the agenda was the appr.oval of an invoice from, Pr?vident Life and Accident Insurance Company covering annual premiums for life insurance for present participants effective 9-17-78. Chief Daniels advised that the invoice had been checked by Mrs. Ward, and that the original amount of the bill ($100,156.06) had been reduced to $99,589.99 due to the termination of Robert Walker, who re~igned on 9-5-78. Detective Kaminskas made a motion that the invoice be approved for payment. Motion seconded by Officer Sedrick. Motion carried unanimously. Mrs. Ward advised the Board that the report showing the asset value of the Trust Account, which is filed on the anniversary date of the plan and used in connection with the Actuarial Valuations for the new Plan year was mailed to Provident Insurance Company on August 29, 1978. Copies of the report are available. Mrs. Ward also reported that the State of Florida check in "the amount of $167,836.81 had been received at City Hall and that the Finance Department had written a check to the Clearwater Police Supplementary Pension Fund for this amount, and the check has been deposited to the Barnett Savings Account. -There was a discussion regarding the types of investments, and Chief Daniels advised that the Board had always used the "Prudent Nan Ruletl and that was the reason the investments are , ,in Certificates of Deposit. Officer Sedrick made a motion that the \~ Trustees purchase a Certificate ,of Deposit in an.amount up to $50,000.00 for a period of no longer than thirty months at the best rate possible. Detective Kaminskas seconded the motion. Motion carried unanimously. r:~~~:1;~~t~:1t:j,;,::~,i.:!,;;.;t;\.,~(> <; ': <'i~?; ,,' :". . _,_,. ., " 1- >,~:'.~,,:: '~".". " .f, ',',. !~~(:\':<'.,':" f' : l"oLl,~ ,:,~ (', '.I ". " ~ " . ':," " T, tt,L',e"d"':' ',' ,', , h, " '.1.." l , , , ~ :' ~ i..'. I . :~:,;:. ,::1 ::' I ' " , " ," ' : ": .. ,~, j;~l,.>):'\' '. '" ',' . ":", I"' ':< ,r", .'+, ',.,:..:. ':;' :;<:,:~:':j::\;<~"Y:'~,~,f1f,',:fW~~ , , , "',n~.;,:';N,t ", ",: '" :'y) "1 ': \': " "1"" ~ " " ... ~ , , > ~ "> ~ , : ~ I , ,I,', .. , l " ,", , , '.' '+ t' I': " u " '.., :.':,"'. ~ . , ,; , " , >; !'::' ,I "'.',::/',',~~,I',,: ',\ '" ...:,>: . , .. " , , ~ ,~ , , . , ',' ',,', " ., "I ,. , '.' .. <"" ' , " " ,. , , + ~ '~ , ' I ,\ \ ':; ',','. '(\:~) '< '~~::> ~;\ '," \,'::"" , ' ,,' ' " , ;,~;, ',. .. " C "I' ,0 ...,I,u ~' '" r~~ ' ','. :- ~ \\' . i~~: .. f:' ~ " ~ . ~" . l' ," ~ ~.. ' " ~/; !' . " .. ~ , ,:_, , ...'.. , ,/,!' -. ,~ " . , " , ':1' '. , \..~ , 'l: '" , ,~' J ,. l:':' ,~' r 1- . ~'~ :' "\..... ~ <,' :'t~\ , "'-' 0, l,l < I I " , I, '"... ,I t ~' :' , ,J,i, , . ,:',. ' , I , ,,:'::,., .'.;: . ',"'.' , " ~' , . ',~ ~ \ " , , ~ '~:~~\ 1""- ,,') ," ,'" :: ; :,'::;,:; '. "~",,,,""....-rtM~"7 .o:o"';"~"'{~t.:l'~~ "'l':.J+ ",' , . . , ;:,;,;"./ I"" ' ' " ' ',.,., ,; , ' ~ . : 1 .' , ' , ' '. , " , ' '. ...."..:.:~'...r.~...'..~,.'t~....lfj\...!...!...t,:...:<j-l: ol-~".d~""'-!: ......0.:", " ~ ( " ' >,:.,..;"...,,'.' ,. .' '" '. PAGE TWO , , . CLEARWATER POLICE SUPPLEMENTARY PENSION FUND ,MINUTES OF MEETING'HELD SEPTEMBER 8; 1978 " ' Mr. Griesinger distributed copies of the proposed Lump Sum Settlement ordinance. Detective Kaminskas questioned the ,', phrase,nat any time" and requested 'that this be, changed to , read, "regardless of age". Mr. Griesinger ,stated that this ,would tie in with the Early Retirement section of Florida Statute 185. Mr. Griesinger also advised that it would be nec~ssary to have the proposed ordinance approved by the Insurance Commissioner's'Offtce, and a letter from Provident Insurance 'company as to anyacturial cost impact upon the 'present operation of the l?lan. It was agreed' that Mr. Griesinger would re-draft the amendment to the present ordinance and distribute it by mail to' the' Trustees. ,t' , I: . ' ' ,The, meeting was adjourned at 12 Noon. submitted, r--,. , -"-............~ ~--- . . ELS, Secretary,' Tl:ii!; fe e s , . , I , , , ,