10-28-1993
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Edgewater Firefighters' Pension Fund
Minutes
Regular Meeting
Thursday, October 28, 1993
Fire Station #1, 1605 S. Ridgewood
6:39 P.M.
The Regular Meeting of the Firefighters' Pension Fund was
called to Order by Chairman Al Gilbert on Thursday,
October 28, 1993 at Fire Station #1, 1605 South Ridgewood
Avenue at 6:39 p.m.
Roll Call: Members present were: Mr. Ben Wagner, Chairman
Al Gilbert, and Firefighter James Castetter. Chief William
C. Vola and Mr. Robert Morin were absent. Also present
was Recording Secretary Lisa R. Warren.
Approval Of The Minutes: The Minutes for the September 29,
1993 Regular Meeting were submitted for approval.
Firefighter Cas tetter moved to accept the Minutes as
submitted. Mr. Wagner seconded. Motion CARRIED 3-0.
Chairman's Report: Chairman Gilbert stated he had some
investment updates for the Board. He added that the 1993
Annual Report paperwork had arrived and that the City will
be filling it out.
Chairman Gilbert went over his report from the seminar in
Jacksonville that he and Firefighter James Castetter had
attended on October 18 - 20. He discussed the new Federal
Family Leave Law. Chairman Gilbert discussed the
Americans' With Disabilities Act and the notice that needs
to go on the bottom of agendas.
Chairman Gilbert stated that Chapters 175 and 185, Florida
Statutes, require an independent audit by a certified
public accountant if the fund has $100,000 or more in
assets. He added at a previous meeting it was decided to
let the City do our audit for us. He stated at the seminar
it was suggested if the governing body performs the
pension fund audit incorporated into their overall audit,
then the pension trustees should request a "Letter of
Opinion" applying to the pension funds separately from the
CPA.
Chairman Gilbert stated he received a letter from the
Florida National university asking the board to fill out a
survey regarding local government pension plan funding
within the State of Florida.
Chairman Gilbert stated there would be the 14th Annual
Trustees school put on by the Insurance Department in
Tallahassee on March 15th and 16th and it would be during
the legislative session. He asked everyone to consider
whether they would like to go ahead of time because
reservations would be hard to get.
Firefighter Cas tetter gave his report from the seminar. He
discussed the amount of liability the Board members had in
their position of responsibility.
New Business: Chairman Gilbert mentioned the Seminar in
Tallahassee in March. He added they might need a meeting
in November or December because some funds were coming in
that would need to be reinvested.
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Edgewater Firefighters' Pension Fund
Regular Meeting
Thursday, October 28, 1993
Page 2
Unfinished Business: Mr. Wagner moved to request a letter
of opinion from the CPA that was going to do the audit to
come to the Board independently. Firefighter Castetter
seconded. Chairman Gilbert stated it might need to go
before the Board Attorney to make sure it covered
everything that was needed. Mr. Wagner stated if an
opinion was needed then the Board would give him the
latitude to get it approved. Motion CARRIED 3-0.
Chairman Gilbert stated the Board had been asked to look
into the vesting date of the original members of the Fire
Department who were employed as of January 1990. He stated
the pension plan was not in effect until July of 1990 and
they were to look into it and find out how much money the
membership would have to pay back to January 1990 and to
get the City to redo the Ordinance date back to January
1990. There was discussion regarding this subject. Mr.
Wagner stated the next step would see if the City is
willing to change the Ordinance. Chairman Gilbert stated
he would get a letter out to the City Attorney and City
Manager to see if Council wants to do it.
Chairman Gilbert stated he checked into the Trak@ Program
offered by Shearson Lehman when he was at the seminar and
the people there said the same thing the Board attorney
advised them oni it was a nice program but too expensive
for pension plans and also not the right investments. He
added since that time he has spoken with Steve Burkhalter
and he is working on some other things for the board.
Chairman Gilbert submitted his expenses for the seminar in
the amount of $245.20 that had been approved at a previous
meeting.
Adjournment: There being no more business to come before
the Board at this time, Mr. Wagner moved to adjourn.
Firefighter Castetter seconded. Meeting adjourned at 7:15
p.m.
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.
In accordance with the Americans with Disabilities Act of 1990, persons needing a
special accoll&Odation to participate in this proceeding should contact Fire
Administration no later than 7 days prior to the proceeding.
Telephone (90~) ~2~-2445 for assistance, if hearing impaired, telephone the
Florida Relay Service Numbers, 1-800-955-8111 (TDD) or 1-800-955-8110 (voice), for
assistance.
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