HomeMy WebLinkAboutCity Council Committees - Fireman's Relief and Pension Board - 02/01/2000 Firemen' s Relief & Pension Board
February 1, 2000
Boardmembers Present : Al Bond, Sam Grubbs, Brenda Jacober
Others Present : John Hillman, Brigitte Hoopes
Grubbs called the meeting to order at 3 :22 p.m.
Approval of Minutes. Bond moved to approve the minutes of
the January 4 , 2000 meeting. Grubbs seconded and the
motion carried.
Approval of December Financial Transactions . Hillman
distributed copies of the December financial transactions
and explained that total assets are down due to the sale of
mutual funds . He clarified that most of those funds were
put into government agencies . Bond moved to accept the
financial report as presented. Grubbs seconded and the
motion carried.
Other Business - Actuarial Study.. Upon Grubbs' question,
Hillman stated that the actuarial study will cost approxi-
mately $2700, and that it will take approximately six
weeks .
other Business - Retros. Hoopes distributed copies of the
Comparison of Benefits 01-01-99 through 3-31-99 and
explained the changes and rates . She proposed paying the
new January rate for the next payroll , and after review,
making adjustments on the following payroll . Bond so
moved. Grubbs seconded and the motion carried. Grubbs
moved to accept the Comparison of Benefits . Jacober
seconded and the motion carried. It was agreed that Hoopes
would be contacted after review of the documents .
Adjournment. The meeting adjourned at 3 : 35 p .m.
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Brenda JacobCMC
Boardmember/City Clerk
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