08/16/1993 TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING
August 16, 1993
The City Commission, meeting as the Board of Trustees of the Employees Pension Fund, met in regular session at City Hall, Monday, August 16, 1993 at 9:05 A.M., with the following members
present:
Rita Garvey Chairperson
Richard Fitzgerald Trustee
Sue Berfield Trustee
Arthur X. Deegan, II Trustee
Fred Thomas Trustee
Also Present were:
Michael J. Wright City Manager
Milton A. Galbraith, Jr. City Attorney
Cynthia E. Goudeau City Clerk
ITEM #2 - Minutes:
Trustee Berfield moved to approve the minutes of the August 2, 1993, meeting. The motion was duly seconded and carried unanimously.
ITEM #3 - Request for Acceptance into Membership:
The City Manager presented the recommendation of the Pension Advisory Committee to approve membership for the employee(s) listed below:
a) Brian DeWitt
b) Neil DePaul
c) Thomas P. Milne
d) David Johnson
e) John D. Anderson
f) Joan Wright
g) Paul D. Gutwein
Trustee Berfield moved to accept the recommendation of the Pension Advisory Committee. The motion was duly seconded and carried unanimously.
ITEM #4 - Other Business:
Trustee Thomas expressed concern regarding how the mortality rate and value cost of pensions are calculated.
H. M. Laursen, Human Resources Director, indicated Finance provides a chart for these
calculations.
It was requested there be a review of mortality rate and value cost of pension calculations.
ITEM #5 - Adjournment:
The meeting adjourned at 9:08 a.m.