10/08/1982
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'SU,PPLEMENT ARY
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PENSION
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AGENDA
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Clearwater Police Supplementary Pension Fund Meeting
Friday, October 8, 1982 at 10:30 A.M. in the Police
,Conference Room, Police'Department, 644 pierce Street,
Cle~rwater, Florida.
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1. Approval of minutes of meeting held August 2.0, 1982.
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2. \ 'Invoice from Provident Insurance Company for
increased ,benefits and new eligibles as of"
9-17-82.
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3. 'certificates of Deposit Maturing
Betty Ward
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Ratification of CD transactions - Betty,Ward
corresp~ndence from shelby.Kapl~n, Pension Services'
'Division, Provident, concern~ng Chief Klein's eligibility.
'6. correspondence from Shelby Kaplan, Provident:lnsurance
Company, concerning life insurance increases' for
persons being,p~oc~ssed for retirement. Chief Klein
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7. Report on NominatIng Committee meeting for election
to fillva9ancies of Sgt. Ray Kaminskas and Officer
B~11 Sedrick~ - Chief Klein
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8. Appointment of citizen represenative Trustee to fill
vacancy of Donald Hibbard wh6se term has ~xpired;
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SID .KLEIN, Secretary
Board of Trustees
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CLEARWATER POLICE SUPPLEMENTARY PENSION FUND - MINUTES OF MEETING
HELD OCTOBER 8, 1982
A meeting of the Board of Trustees was held on October 8, 1982, in
the Police Conference Room, Police Department,' 644 pierce Street,
Clearwater, Florida.
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The following Trustees were present:
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Mayor Charles F. LeCher, Chairman
Police Chief Sid Klein, Secretary
Sgt. Ray Kaminskas
Officer William Sedrick
Donald Hibbard
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Also present was Betty Ward, secretary to Police Chief Klein.
Richard Griesinger, Assistant City Attorney, was absent.
'chai'rman LeCher called the meeting to order at 10:30 A.M. The first
item on the agenda was the approval of the minutes of the rneetingheld
'August 20,'1982. Sergeant Kaminskas made a motion that the minutes be
approved.' Motion seconded by Officer Sedrick. Motion carried.
unanimously.
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Item i2 on the agenda concerned an invoice from Provident Insurance
Company, which represented the cost for new eligibles and increased
benefits foi members effective 'September 17, 1~82. Chief Klein stated
that the figures had been checked and the total amount due would be
$29,318.95. Sergeant Kaminskas made a motion that the invoice be
approved for payment. Motion seconded by Donald Hibbard. Motion
carried unanimously.
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Item #3 on the agenda concerned maturing certificates of deposit.
Betty Ward reported that the following certificates would be
maturing:
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October 21, 1982
November 1, 1982
November 10, 1982
pioneer Federal
pioneer Federal
Fortune Federal
$50,000
$40,000
$20,000
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Mrs. Ward stated that these CO's could be'renewed as there were
no outstanding bills or pending retirements at this time. Sergeant
Kaminskas made a motion that the money market cn's be renewed at the
best interest ,rate possible at maturity. Motion seconded by William
Sedrick.r Motion carried. unanimously.
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Item #4 on the agenda was the ratification of CD transactions
by Betty Ward. Mrs. Ward advised that in accordance with the
Board's instructions~ on August 27, 1982, she had reduced the
$50,000 money market CD at the Bank of Clearwater to $40,000.
new interest rate was 10..355%. Officer Sedrick made. a motion
the transaction be ratified. Motion seconded by Chief Klein.
carried unanimoUSly.
made
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Supplementary Pension Meeting
Minutes of October 8, 1982
Page 2
Item #5 on the agenda concerned correspondence from Shelby Kaplan,
Pension Services Division, Provident Insurance Company, concerning
Chief Klein's eligibility. Chief Klein stated that he has been
re-certified by the State of Florida, and that he would at a later
date request a legal opinion from the Attorney General. He also
s~ated that. he did not want to do anything that would jeopardize
the Plan, and that he assumed that should he become eligible at
some future date that it would be retroactive to September 17, 1982.
Item #6 on the agenda concerned correpondence from Shelby Kaplan,
Provident Insurance, regarding the issuance,of life insurance
annual increases just prior to the officer's retirement. The
letter referred specifically to Sgt. George Morse and Officer
Hilton Holzhauer, who are retiring. After a'discussion, Donald
Hibbard made a motion that Chief Klein draft ,a letter to Provident
and convey to them that even though the Officer is not actively on
duty'during the period of time he is utilizing one-half of his
unused sick leave and his vacation time, he is still 'carried as
an active, full-time sworn police officer by all records
maintained by City Hall. He is still subject to appear in court
on any of his cases, he still receives cost of l~ving and/or'
merit increases which fall due within that period of time. The
Board feels George Morse should receive the increase. As for
Hilton Holzhauer's increase, since his is a disability, The Board
{~\ would agree with Provident and not issue an increase in his
'~J policies. Motion seconded by Sergeant Kaminskas. Motion carried
unanimously.
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Item #7 on the agenda was a report from Chief Klein concerning
the nominations meeting to fill the two police officer vacancies
on the Board. Chief Klein reported that the meeting was held at
9:00 A.M. on October 8, 1982. As a result of the meeting, Sergeant
Ray Kaminskas and Officer William Sedrick were nominated. The
Election Committee, appointed by Chief Klein, will consist of
Major Vellucci, Chairman, Captain Desmarais, and Officer Dave
Krieger, representing the F.O.P. The election will be held from
7:00 A.M. Friday, October 22 to 7:00 A.M. Saturday, October 23,
'1982. Donald Hibbard made a motion that Chief Klein's report
be accepted. Motion seconded by Sergeant Kaminskas. Motion carried
unanimously.
~tem #8 on the agenda was the appointment of a citizen representative
Truqtee to fill the vacancy created by the expiration of Donald
Hibbard's term. . The Board received Mr. Hibbard's consent to be
re-appointed for another two-year term. Chief Klein made a motion
that Donald Hibbard be re-appointed. Motion seconded by Sergeant
I<aminskas. Motion carrJ.ed unanimously. Chief Klein stated that
he would forward the names of those elected to the City Commission
for their approval.,
There being no further business, the meeting was adjourned at 11:00 A.M.
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SIn KLEIN, Secretary
Board of Trustees