HomeMy WebLinkAbout10-13-1992 Minutes MINUTES OF GENERAL EMPLOYEES' PENSION BOARD MEETING
(fte OCTOBER 13 , 1992
The meeting was called to order at 10 : 50 a.m. by Paul Lewis ,
chairman, in the lounge at the community center. Board members
present were Paul Lewis , Jean Grafton, Tanya Miller and Judy Henry.
Also present were Lee Dehner and Peggy Psaledakis , along with
employees from the Utilities Department .
The minutes of the last meeting were corrected as follows : under
paragraph 7 , 3rd line after the word "off" , add subject to Section
14 . 06 of the City of Ocoee ' s Administrative Rules and Regulations .
The corrected minutes were approved.
Leonard Dyal inquired of the board about how the fund was doing .
He requested copies of the investment statement annually along with
the employee ' s annual certificate of benefits . The board agreed
that all members of the plan should be furnished this information.
Terri McDougal , ICC presented a statement of our first quarter
investments .
Lee Dehner mentioned a 20% taxable portion of certain plan
distributions which will become effective January 1 , 1993 . He will
keep us informed and provide the necessary forms .
(re A discussion was held regarding expiration of terms for board
members . Since all present member' s terms will expire 10/1/93 , it
was moved by Judy, seconded by Tanya that the board request the
city commissioners to extend Joyce Oliver' s term to October 1 ,
1994 . Motion carried 4-0 . Judy moved , seconded by Jean that the
City Commission re-appoint Tanya Miller until October 1 , 1994 .
Motion carried 4-0 .
Our next meeting will be held November 20 , 1992 at 10 : 00 a.m. At
that meeting a discussion will be held on the Rules .
Judy moved that the fiduciary bond with Brown and Brown Insurance
be renewed at an annual cost of $2 , 204 . Motion carried. The city
will , again this year, pay for the recourse insurance on board
members . The board authorized payment of $2 , 204 . 00 to Brown and
Brown.
A motion was made by Tanya, seconded by Judy, that ICC bill in the
amount of $174 . 40 be paid. Motion carried 4-0 .
Steve Ross will terminate employment with the city on October 20 .
He requested that he be furnished a retirement benefit print out so
he will be able to make a decision to either leave the money in the
fund or request withdrawal . The board unanimously agreed to have
Ward provide this information.
Jerry Reep has left the General Employee ' s Retirement plan and is
now employed by the Fire Department . He requested a return of his
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time MINUTES OF GENERAL EMPLOYEES' PENSION BOARD MEETING
OCTOBER 13 , 1992
contribution. Since he is vested in the plan, the board felt it in
his best interest to have Ward furnish him with a print out of his
retirement benefits if the money were left in the plan. Judy was
requested to ask Ward to furnish this for Jerry.
There being no further business , the meeting was adjourned at
12 : 10 .
Respectfully submitted,
Judy Henry, Secretary
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