04-18-1989
'-' w
(!titt! Df iEbgtwattr
POST OFFICE BOX 100
EDGEWATER, FLORIDA 32032
POLICE PENSION BOARD
MEETING
TUESDAY, APRIL 18, 1989
SQUAD ROOM, POLICE DEPARTMENT
The meeting of the Board of Trustees of the City of Edgewater
Police Retirement Plan was called to order by Acting Chairman
Nancy Swiney at 10:07 A.M.
ROLL CALL:
Members present were Nancy Swiney, John Borzner and Gary Butt.
Diana Floyd was late for the meeting and Leo Booth was absent.
Also present were Karen Rickelman, Finance Officer for the City
of Edgewater, and Christi Fish, Secretary.
APPROVAL OF MINUTES:
Mr. Butt made a motion to approve the minutes of the March 23, 1989,
meeting, seconded by Mr. Borzner. Motion carried 3-0.
OLD BUSINESS:
Acting Chairman Nancy Swiney requested there be a motion to delay
selection of Chairman and Secretary until all members of the Board
could be present. Mr. Butt made a motion to delay the selection,
seconded by Mr. Butt. Motion carried 3-0.
NEW BUSINESS:
Karen Rickelman was introduced to the Board by Mrs. Swiney. Ms.
Rickelman noted that at the Special Meeting of March 8, 1989, of
the Pension Board and City Council, it was erroneously stated by
Mrs. Swiney that the Annual Report to the Department of Insurance
was mailed late. Ms. Rickelman advised that this report was
mailed in a timely manner and recieved by the Department of
Insurance before the deadline date and no state monies will be
lost.
Ms. Rickelman discussed a lawsuit brought by the Florida League of
Cities against the Department of Insurance and Treasury. The suit
contested rules implemented by the Department of Treasury for Fire
and Police Pension Plans. The court ruled that these changes were
not in accordance to Florida State Statute Chapters 175 and 185
that govern Fire and Police Pension Boards, for local chapter plans.
Also, Ms. Rickelman addressed the urgency in determining what
enhancements the Board feels are necessary to make in the Plan and
then getting this information to Mr. Ascherl before July 1, 1989.
MISCELLANEOUS:
It was decided by the Board that the next meeting would be held on
Tuesday, April 25, 1989, at 7:00 P.M. in the Squad Room of the
Police Department
There being no further business before the Board Mr. Butt made a
motion to adjourn, seconded by Mr. Borzner. Meeting adjourned at
10:27 A.M.
Minutes submitted by:
Christi R. Fish