HomeMy WebLinkAbout12051989 POPTThe meeting was called to order by Chairman Reynolds at 2:34 P.M.
Present were Charles ~%a~olds, Gene Ewert, Gregory Gore and Carol
Carsw~ll. Marvin Clayton, Bureau Chief, Municipal Police Officers'
and Firefighters' Betirement Trust Fu~d of the State De~t of
Insuranc~ was also in attendance
A motion to approve the minutes of the meeting of ~ 15 was
made by ~art and seconded by Gore, Motion carried.
Marvin Clayton was introduced by Chief Reynolds. Mr. Clayton stated
that he had spoken to the City Attorney and discussed changes to the
Ordinance to make it confo.r~, with Chapter 185. Once the changes
are adopted it will be a Chapter Plan. He stated that the most important
advice was that in hiring consultants to be sure they are cc~%~etent and
independent. The audit of the Pension Plan can be by the City's
Auditors but rmast be to the extent that an opinion can he rendered on
the Pension Plan standing alone.
Marvin Clayton stated that it would be very beneficial for the Trustees
to attend the Trustees' Training Session held in Tallahassee in March.
The Trustees ~uld be receiving more information about this session.
Carswell brought up that the Board should be made aware of any
happenings in the City which affect .the Retirement Trust.
Gore stated that he had been contacted by a representative of Dean
Witter. Chairman Neynolds said that the people who wish to bandle
the Fund_'s money would be invited to the next meeting to give
presenta~'ibms.
Motion was made by ~wert and seconded by Gore to put $10,000 into a
3 month CD and the balance into money market at the institution
within the City limits with higher interest. Motion approved.
The next meeting was set for Tuesday, January 16.
Motion to adjourn at 3:25 P.M.
~espectfully
Carol Carswell