HomeMy WebLinkAbout01-20-1993 Minutes MINUTES OF GENERAL EMPLOYEE'S PENSION BOARD MEETING
JANUARY 20, 1993
The meeting was called to order at 3 : 30 p.m. in the Community Center
by Chairman, Paul Lewis . Other members present were Jean Grafton,
Joyce Oliver and Judy Henry. Scott Christiansen, attorney and
Terri McDougal , ICC were also in attendance . Employees Janet
Resnik and Ellen King attended.
Judy reported that James Blake and Laura Kois had left the city and
were requesting return of their contributions . James Blake ' s
return contribution is $1 , 015 . 96 and Laura Kois ' contribution is
$1 , 014 . 61 . Scott advised the board that the new federal tax law
requires that a notice be sent to each person requesting return of
contributions at least 30 days before the payment is made . Judy
moved, seconded by Joyce , that certified letters with return
receipt requested be sent to any employee requesting return of
contribution. Motion passed 4/0 . Judy was instructed to send
letters to Mr. Blake and Ms . Kois .
A motion was made by Judy, seconded by Joyce to pay Christiansen
and Dehner' s bill in the amount of $1 , 881 . 48 . Motion carried 4/0
The board will request that Ward foster provide a performance
monitoring report to them quarterly on a continuing basis .
The question was raised about individual statements which were due
in November. Ward will be present at our General Employee ' s
meeting in March and provide the statements at that time .
Scott told the board that a sale of Key Trust was rumored. He will
keep us posted, however he felt the sale , if it happened, would not
have an impact on our fund distributions .
A meeting for all general employees to ask questions and/or be
brought up to date , receive individual statements , etc . will be
held on March 2 at 3 : 30 . It will be proceeded by a board meeting
at 3 : 00 .
Fran asked what the earliest retirement was for employees . Scott
responded that normal retirement is age 60 , early retirement is age
50 with five years service .
Terri McDougal presented the quarterly report from ICC .
The schedule for 1993 meetings is : March 2 at 3 : 00 ; April 12 at
10 : 00 am; July 13 at 10 : 00 am; and October 11 at 10 : 00 am.
Meeting was adjourned at 4 : 35 .
Respectfully submitted,
(by Judy Henry, Secretary