12/24/1985
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POLI'CE,
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SUPPLEMENTARY
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PENSION
Minutes
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POLICE SUPPLEMENTARY PENSION
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MEETING OF DECEMBER 24, 1985
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,AGENDA
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App~oval o'f min~tes of meeting held November ,15, 1985.
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~atification~ of business transactions
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Approval
Board of
National
Betty Ward.
of Contract ,between Police supplementary ,pension
Trustees, Clearwater" Flor'ida' and the Florida
Bank, Tampa, for investment services.
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4. ,App~oval of Request, from reti red Capt,ai n James 0' Neill for
benefits. 'I
5. ,Correspondence from Marvin Clayton, Director, Police arid Fire
Pensions, Tallahassee, 'reference John Borsch.
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SID KLEIN,. Secretary
'Board of Trustees
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POLICE SUPPLEMENTARY PENSION
,MINUTES OF MEETING HELD DECEMBER 24, 1985
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A meeting of tne Board of Trustees was held December 24, 1985 1n
the second floor conference room at Police Headquarters,
644 pierce street, Clearwater, Florida.
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The following Trustees were present:
Sid Klein, Chief of Police, Secretary
Captain Ray Kaminskas
Mayor Kathleen F. Kelly, Absent
Donald Hibbard, Absent
Sergeant William Sedrick, Absent
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Also present were Robert G. walker, Assistant City Attorney,
and Betty Ward, secretary to Pollee Chief Sid Klein.
In the absence of , the Chairman, Chief Klein called the meeting to
order at 9:00 A~M. Acting Chairman Klein noted that there was
an absence of a quorum, and stated that the Board would proceed
with a discussion and consensus pending confirmation by a third
member of the Board at a future ,time which will then be entered
into the minutes.
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Chief Klein called for approval of the minutes of the meeting
held on November 15, 1985. There was a consensus of approval of
the minutes.
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The second item on the agenda was the ratification of business
transactions made by Betty ward. Mrs. Ward advised that all of
the C.O.ls had now been withdrawn, and the proceeds deposited to
the Fortune Federal money market account.
Item number three on the agenda concerned the approval of the
Contract between the Police Supplementary pension Board of
Trustees and the Florida National Bank, Tampa, Florida. Robert
G. Walker, police Legal Advisor, advised the Trustees that he
found nothing out of line or unconscionable in the wording of
the Contract. Captain Kaminskas stated that he would recommend
approval of the contract. It was the consensus that the contract
be approved at the next meeting.
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Item number four on the agenda concerned a request from retired
Captain James O'Neill for pension benefit~ to which he is
entitled under the Supplementary pension. It was the consensus
that the request be app~oved, and that sufficient funds be
retained in the Fortune Federal money market account to cover
James Q'Nei'll's benefits.
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Item number five on the agenda concerned correspondence from
Marvin Clayton, Director, Police and Fire pensions, Tallahassee,
in which he repeated his opinion that retired Officer Borsch\ is
entitled to benefits from the police Supplementary pension.
Robert G. Walker, Police Legal Advisor, stated that he would be
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'MINUTES OF MEETING ,HELD DECEMBER 24, 1985
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correponding with Mr. Mazzeo, the attorney for Marvin Clayton's
office in an attempt to determine the legal reasoning for
Clayton.s intransigent opinion. No action will be taken until a
quorum of the Board agrees with this course 'of conduct.
Chief Klein advised the board tha~ Provident had charged a cash
~urr~nder fee for cancelling all of the Ins~rance policies, in'
the amount of $107,790.25 in accordance' with the terms of the
contract. The Board agreed that the'charge was in order.
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Chief'Klein advised that Police Officer Alan M~ Kronschnabl is
retiring, due to job-connected disability effective May, 23; 1986.
Officer Kronschnabl will submit a letter of request, and 'it will
be presented at the next meeting for approval.
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, It was agreed by thos~ present that all of the above items will
be, brought before the Board at its next meeting for official
approval. The meeting adjourned at 9:20 A.M.
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SID'KLEIN, Secretary
Board of Trustees
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