HomeMy WebLinkAboutCity Council Committees - Fireman's Relief and Pension Board - 07/29/1969 iI
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FIREMEN'S PENSION BOARD MEETING �
July 29, 1969
Regular meeting of the Firemen's Pension Board was called to order at
10:00 A.M. by Mayor .Alex Thornton.
Boar present :members Alex Thornton, Don Bridge, Marvin Berg, Jeanne
Masters , Marie Jensen.
Also present: City Attorney Jack Bereiter , City Administrator Joe Street,
Fire Chief Tom foster .
Discussion was had on the effect of the new pension law. It was decided
that the city should have an actuarial investigation mach_ of the Firemen's
Pension Fund. Such a study is required once in each 5 year period, and would,
therefore, ,be due by next year in any case. . Mr. Bereiter pointed out that if
the study showed that any part of the 15th or 16th mill was not needed for
Firemen's Pension, the funds could be diverted to the cityts general fund. It
was also noted that the present Firemen's Pension Fund would not be dissolved
under the new 16W.
Berg moved for an actuarial survey to be made, and for seconded.,
Under is service
to be made from the Firemen's Pension Fund. Bridge seconded, Under discussion,
Joe Street pointed out that the cost for the first survey might be as high as
300 per fIrem an , but that subsequent surveys would be more reas.onable, Motion
carried unanimously, Street noted that the firm of Milliman & Roberts was a
leader in this field, Bridge pointed out that Renton uses the firm of Marsh &
McLennan. Mayor Thornton requested that Street contact both firms to see when
the study could be done. Faster noted that no new firemen would be hi eel until
after- March I , which is the date the law becomes effective. BereHer was Baked
_ to peruse the new law and submit a synopsis to the Warr&
Some discussion was, had on the question of payment of medical bills to doctors
other than those designated by the Firemen's Pension Board_ It was agreed that
any such billy would ue; dealt with by the board when rendered. The meeting was
adjourned at 10:40 &M.
Respectfully submitted
Marie Jensen �
Seely of the Board
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