05-23-2011 - Special Edgewater Firefighter's Pension Fund
Special Meeting
May 23, 2011
Association Building
6:00 p.m.
CALL TO ORDER:
Chairman Jollie called to order the regular meeting of the Edgewater Firefighters'
Pension Fund Board on May 23, 2011 at 6:05 p.m. at Edgewater Fire Rescue
Association.
ROLL CALL:
Members present were Chairman Jim Jollie, Ron Hayward, Gary Butt, and Shontella
Jackson, Recording Secretary. Debbie Harrison was absent and excused.
NEW BUSINESS:
Board member Gary Butt inquired on the structure and cost associated with the
Bogdahn Group. Chairman Jim Jollie discussed the role of the Bogdahn Group and the
fees associated with the plan. Chairman Jim Jollie stated he would ask for a cost
breakdown and research on fees for the Board.
Chairman Jim Jollie stated there are some upcoming changes to the State Pension
Plan. Attorney Ken Harrison stated the changes to affect our plan are; 1) the ability to
use accrual leave time after July 1 to determine your average final compensation and 2)
300 hours max of overtime can be used to determine your yearly compensation.
ADJOURNMENT:
Chairman Jim Joule adjourned the meeting at 6:50 p.m.
Minutes respectfully submitted by:
Shontella Jackson, Recording Secretary