HomeMy WebLinkAboutCity Council Committees - Fireman's Relief and Pension Board - 03/09/1999 Firemen' s Relief & Pension Board
March 9, 1999
Boardmembers Present : Berg, Grubbs, Jacober, Alternate
Grenstad
Others Present : Hillman, Hoopes
Berg called the meeting to order at 4 : 05 p.m.
Approval of Minutes . Grubbs moved to approve the minutes
of the February 9, 1999 meeting. Jacober seconded and the
motion carried.
Approval of January Financial Transactions . Hillman
distributed copies of financial information and noted that
the fund has gained $138 , 000 in a month. He added that
total expenses for January were $17, 000 and interest earned
was $5, 300 . Grubbs moved to accept the January financial
transactions . Jacober seconded and the motion carried.
Actuarial Study. Hillman explained that a study is not
required this year, as one was done last January.
Other Business - Pension Fund. Hillman distributed copies
of a letter from Milliman & Robertson regarding Senate Bill
5102 which would cut funding to cities from 45% of the
state fire insurance premium taxes to 25% . He said the
difference would be approximately $30, 000 . It was
determined that a copy of the Bill would be mailed to
members .
Other Business - Election. The City Clerk noted that an
election must be held soon, and agreed to discuss with the
City Attorney ways in which the meetings could be held.
There was no further business and the meeting adjourned at
4 : 15 p.m.
Brenda Jacgbo2r, CMC
Boardmembe��City Clerk
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