12-02-2003
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EDGEW A TER POLICE PENSION BOARD
REGULAR MEETING
Tuesday, December 2, 2003
City Ball Conference Room
Minutes
CALL TO ORDER:
Secretary Jon Williams called to order the Regular Meeting of the Edgewater Police
Pension Board on Tuesday, December 2, 2003 at 1: 12 p.m. in the City Hall Conference
Room.
ROLL CALL:
Members present were: Mr. Ferdinand Heeb and Mr. Jon Williams. Mr. Dave Gamell
arrived at 1 :23 p.m. Ms. Rena Green and Chairman William Lenz were absent. Also
present was Mr. Jack Ascherl, Agent of Record; Ms. Kathy Miller, Police Department
and Donna Looney, Recording Secretary.
NEW BUSINESS:
Mr. Ascherl passed out and reviewed the Principal Blueprint Investment Alert, Expense
Statement for 07/01/03 through 09/30/03, and Fund Statement for 10/01/02 through
09/30/03 (see attached).
Mr. Gamell asked about improved benefits for retirement. Mr. Ascherl explained this
committee is not responsible for investigating benefit changes unless the City asked them
to. He also explained the process of the insurance premium tax monies that come from
the state and are used to improve benefits.
APFROV AL OF MINUTES:
Mr. Beeb moved to approve the September 30. 2002 minutes. second bv Mr.
GameD.
MOTION CARRlED 3-0
OLD BVSINESS:
Mr. Williams asked that the discussion about the investment policy be tabled until all
board members are present.
Mr. Beeb made a motion to table the Proposed Investment Policv until the ne~t
meetin2. second bv Mr. GameD.
MOTION CARlJ[El) 3-0
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MISCELLANEOUS:
The board discussed if they should pay to renew their membership to FPPT A.
Mr. Gamen made a motion not to pay membershil) fees to FPPTA. second by Mr.
Beeb.
MonON CARJl-":>> 3-()
Mr. Williams stated at the last meeting Mr. Heeb asked if Foley & Lardner could provide
the board with legal services. Foley & Lardner does have that service but the offices are
in Milwaukee. They will get back with Mr. Williams after they see if there are any
offices locally that can handle the board's needs.
The board discussed when they should meet again.
Mr. GameD made a motion to meet on Wednesday. January 14.2004 at 1:00 n.m..
seconded by Mr. Beeb.
MOrJQ~ CAJiRlED 3-0
ADJOURNMENT:
With no further business to be discussed, Mr. Heeb moved to adjourn. The meeting
adjourned at 2:00 p.m.
Minutes submitted by:
Personnel Department
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