03-10-1999 - Special
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Edgewater Firefighters' Pension Fund
Special Meeting
Wednesday, March 10, 1999
6:30 p.m.
CALL TO ORDER: A Special Meeting of the Edgewater Firefighters' Pension Fund
Board was called to Order on Wednesday, March 10, 1999 in the Fire Training Room at
Station #55 at 6:30 p.m.
ROLL CALL: Members present were: Chairman Jim Jollie, Secretary Jill Klem, Mr.
Gary Butt, and Ms. Patricia Richards. Ms. Laura Reilly was absent. Also present was
Recording Secretary Lisa R. Miller.
MINUTES: The Minutes of the January 19, 1999 Regular Meeting were submitted for
approval. Ms. Klem moved to approve the Minutes as submitted. Mr. Butt seconded.
Motion CARRIED 4 to O.
OLD BUSINESS: There was discussion regarding the Annual Report for the State that
was completed by the Finance Director Karen Rickelman. Ms. Richards moved to
approve the Annual Report as submitted. Ms. Klem seconded. Motion CARRIED 4 to O.
The Annual Report was signed by the Chairman and Secretary at this time. It was also
noted that special thanks were due to Ms. Rickelman for preparing this report.
There was discussion regarding the bill from Foster & Foster, Inc. actuarial service for
preparing the Annual Actuarial Valuation as of October 1, 1998. It was noted that the
quote for annual actuarial valuations would be $1,500 for three years including this year.
Mr. Butt moved to pay the bill from Foster & Foster, Inc. in the amount of $1,500. Ms.
Klem seconded. Motion CARRIED 4 to O.
There was discussion regarding the Florida Public Pension Trustees Association dues for
1999. Ms. Klem moved to pay the FPPTA dues in the amount of $200. Mr. Butt
seconded. Motion CARRIED 4 to O.
NEW BUSINESS: There was discussion regarding the upcoming changes to the Police
Pension Benefits. There was discussion regarding lump sum payouts of pension monies
and death benefits. There was discussion regarding some type of pension for volunteer
firefighters.
ADJOURN: There being no more business to come before the Board at this time, Ms.
Klem moved to adjourn. Ms. Richards seconded. Meeting adjourned at 6:50 p.m.
Minutes Respectfully Submitted By:
Lisa R. Miller
Recording Secretary