09-30-1992
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EDGEWATER FIREFIGHTER'S PENSION FUND
MINUTES
REGULAR MEETING
Wednesday, September 30, 1992
6:32 P.M.
The Regular Meeting of the Firefighter's Pension Fund was called
to Order by Chairman Al Gilbert on Wednesday, September 30,1992 at
6:32 P.M. in the Conference Room of City Hall.
ROLL CALL: Members present were: Chief William Vola, Firefighter
James Castetter, Mr. Robert Morin, Mr. Ben Wagner, and Chairman
Al Gilbert. Also present was Recording Secretary Lisa R. Warren.
CHAIRMAN'S REPORT: Chairman Gilbert stated the main reason to get
together was to go over the Annual Police Officers' and
Firefighters' Pension Administrative Conference in Tampa in
October.
Chairman Gilbert informed the Board that Mr. Sugarman's bill had
been paid off. He related a discussion he had with Mr. Sugarman
regarding the breakdown of the bill.
Chairman Gilbert welcomed everyone to the Board. He noted that
Chief Vola was a new member and that Mr. Wagner and Mr. Morin had
been reappointed for another term.
Chairman Gilbert asked Chief Vola if he had anything to say to the
Board as he was a new member. Chief Vola stated he would be
asking the people he represents what kind of things they would
like for him to present to the Board for their consideration as to
the improvements they would like to see done in their Pension
Plan. Chairman Gilbert stated the Board is not here to improve
pension benefits or do anything with it. He added it is the
collective bargaining right of the employees to do that and the
employees are not in a collective bargaining agreement at the
moment. Chairman Gilbert stated the Board could suggest routes to
go as they are doing it, then it has to be approved by the Board
and the City.
New Business: Chairman Gilbert stated that Shearson Lehman
Brothers was going to come but they had no new business for them
as they don't have enough money to move into another plan yet. He
added that the Board had invested $54,000 of the $60,000 in
various investments leaving some liquid to pay bills, etc. Chief
Vola asked if the liquid money was in an interest bearing account.
Chairman Gilbert stated it was in a money market account.
Chairman Gilbert stated since there was
membership they would have to resign the
Shearson Lehman.
a change in Board
signature cards from
APPROVAL OF MINUTES: The Minutes for the Regular Meeting of August
25, 1992 were submitted for approval. Mr. Wagner moved to approve
the Minutes as submitted. Mr. Morin seconded. Motion CARRIED 4-1
Chief Vola voted NO as he was not present for the last meeting.
New Business: Chairman Gilbert discussed the conference to be
held in Tampa. Chief Vola stated he would like to go if he could
clear his calendar. Firefighter Cas tetter said he would check to
see if he could arrange the time off. Chairman Gilbert stated he
usually liked to go but didn't know if he could go. He stated
there was another one in February. Mr. Morin moved to have three
people go to the Conference in Tampa in October. They would be
William Vola, James Castetter, and Al Gilbert. Mr. Wagner
seconded. Motion CARRIED 5-0.
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There was discussion regarding putting a decal on the briefcases
as they were the property of the Board and would be passed on to
the new members.
UNFINISHED BUSINESS:
time.
There was no unfinished business at this
There was discussion regarding the Shears on Lehman Brothers
statements and who should receive a copy. It was noted that a
copy should be put in the packets for all Board members.O
There being no more business to come before the Board at this
time, Chief Vola moved to adjourn. Mr. Wagner seconded. Meeting
adjourned at 6:59 p.m.
Minutes respectfully submitted by:
Lisa R. Warren, Recording Secretary
If any person decides to appeal any decision made by the Pension Board of
Trustees with respect to any matter considered at the above meeting, that
person will need a record of the proceedings and, for such purpose, may
need to ensure that a verbatim record of the proceedings is made, which
record includes the testimony and evidence upon which the appeal is to be
based.
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