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HomeMy WebLinkAbout10231989 POPTMINUTES ~F THE MEETING ~F THE BOA/~ CF T~3STEES (F THE SEBASTIAN 185 POLICE ~TI~ PLAN HELD MC~DAY, _OCTOBER 23, 1989 AT THE CITY ~'S CCNFE~ BOCM, CITY HALL The meeting came to order at 10:05. Present were Eugene Ewert, Charles Reynolds,~e~,~~--~.~l Car~well. The first order of business was election of officers. David Puscher nominated Charles Reynolds as Chairman, seconded by Eugene Ewert. Nc~dnaticns were closed and Charles Reynolds was elected unan/mously. Chairman Reynolds called for numinati~ for Vice Chairman. Gregory Gore was nominated by David Eugene Ewert. Eugene Ew~rt was nominated by and seconded by David Puscher. Nc~tnations were closed and a written vote was obtained. There~ere 4 votes for Ew~rt. A motion was made by Puscher to destroy ballots, seconded Chairman Reynoldsz~alled for nominations f~r .Secretary. Ewert ncminated Carol Carswell, seconded by David Puscher. Ncminations were closed and Carswell was elected. Motion was made by Puscher to approve the minutes of October 12, 1989r seconded by Ewert. Minutes stand approved. Dis_~a~si6n-~ was.~hadJof form to be used by members to sign up for Plan. Consensus of Board was that fonns should not. be application for membership but a payroll deduction consent to be in ac~o~e with Chapter 185. Copy of form attached as Exhibit A. There ensued a discussion on whether or not we needed a new actuarial study. Puscher and Ewert stated that it was their understanding that where a conflict existed between the ordinance and the Statutes, the Statute would prevail.. Th~s would make us a C~ Plan and we would not need a new ~--?- actua~i~l,..-Stddy. We could use the one prepared last year by the Dept. of Insurance. This Board unanLmously agreed. Military Buy Back Time was discussed Committee was appointed by the Chairman consisting of himself and Vice Chairman Ewert to make r~tions about Mili.~ary Buy Back Time. At this point ~' McClary, City Manager joined the meet/rig at the invitation of the Board. He was advised of what had Puscher was to speak with Bobby Allen 'of Veto Beach concern/rig financial consultants and get a copy of their Request for Broposals. Next meeting will be N~ 6, at 10: 00 A.M. in City Manager' s Conference Boc~. Meeting adjourned at 11:00 A.M. Carol Carswell City of Sebastian POST OFFICE BOX 780127 o SEBASTIAN, FLORIDA 32978 TELEPHONE (407) 889-5330 FAX 407-589-8570 I understmr~ that a payroll deductio~ .of 5% of salary will be made for my membership in the Sebastian Police Pension Plan organized pursuant to C~ 185'F.S. Employee' s Signature ........ Print or Type Employe~'s Name I¢ N~-PAR~ICIPATiC~: Participatio~ is autcmatic, frcm date of e~ployment or start of plan (contributions should be deducted each pay period). Officer bas a ~e year period fr~n date of emplo~t in which to elect out in writing from participation in the plan. If this election does not take place within the one year period the officer no lc~ger has the optic~ to elect cut. If he does elect out within the ~e year period, he is barred frc~ participating in the fund in the future.