12-29-1986
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CITY OF EDGEWATER
POLICE PENSION BOARD
REGULAR MEETING
MONDAY, DECEMBER 29, 1986
2:00 P.M.
COMMUNITY CENTER
Those present at the first meeting of the Police Pension Board were
Mr. Jack Aschrel, Mr. James Inman, Mr. Wallace Trickey, Mr. Larry
Westfall and Mr. Larry Jarkovsky. Also present were Beverly Kinney,
Secretary, Kathy Cornelius, Administrative Clerk, Karen Rickelman,
Data Processing/Assistant Financial Director and one member of the
press.
Mr. Jack Aschrel informed the Board that the first step was to elect
a temporary chairman until a fifth (5th) person was elected to the
Board. When all five (5) members are present a permanent chairman
and secretary will have to be elected. Mr. Trickey nominated Mr.
Inman as temporary chairman and Mr. Jarkovsky nominated Mr. Westfall
as temporary chairman. Mr. Westfall was elected temporary chairman
two to one (2-1). Mr. Westfall did not vote.
ROLL CALL:
Mr. Inman
Mr. Trickey
Present
Present
Mr. Jarkovsky
Mr. Westfall
Present
Present
Mr. Jack Aschrel, agent of record to the City of Edgewater, explained
the basic reason for forming the Board was because the state had just
passed some laws which require the city to form such a Board and a
one percent (1%) contribution must now be made by the police officers
to the plan.
Mr. Aschrel stated the Board needed to nominate and elect a fifth (5th)
person for the Board and when the fifth (5th) person was present at the
next meeting he would go over the pension plan in detail.
Chairman Westfall nominated Ruth Garvey and Alice Ball as the fifth
(5th) Board member, but they were disqualified because Mrs. Ball is
a current employee of the police department and Mrs. Garvey is retired
from the police department and may not be objective.
Mr. Inman nominated Nancy Shoemaker, a local insurance agent. The Board
unanimously agreed to elect Mrs. Shoemaker as the fifth (5th) Board
member.
Mr. Aschrel went over some of the history of the City's Pension Plan.
He stated there were basically two decisions the Board would make,
how to invest the money, and whether a person is considered disabled
and their ability to collect disability benefits. Mr. Aschrel also
stated that the Board could make recommendations to Council regarding
the plan, but if the changes required additional costs to the plan,
the Council would have to approve it.
The Board decided that the second (2nd) or third (3rd) week in
January would be a good time to meet again and the 2:00 P.M. time
would be a good time to meet. Mr. Aschrel informed the members they
needed to start thinking of a regular day and time to meet for the
regular quarterly meetings.
Kathy Cornelius swore in the new Board members.
Mr. Aschrel suggested that since the Board members were now officially
sworn in, the actions taken earlier in the meeting should be put forth
as a motion for the record.
Chairman Westfall: "It's been suggested that. we re-affirm that the
actions that we took prior to being sworn in be re-affirmed that
temporary chairman is myself, Larry W. Westfall, and that our nominee
for the fifth person would be Nancy Shoemanker."
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POLICE PENSION BOARD: Continued
Mr. Inman: "I'll so move." Mr. Jarkovsky seconded the motion.
The motion carried 4-0.
There being no further business to come before the Board, Mr. Inman
made a motion to adjourn. Mr. Jarkovsky seconded the motion.
The meeting adjourned at approximately 2:45 P.M.
Minutes respectfully submitted by:
Beverly Kinney
Police Pension Board
Regular Meeting
December 29, 1986
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