01-15-2002
Q
(.)
Edgewater Firefighter's Pension Fund
Regular Meeting
Tuesday, January 15, 2002
Station 55, 1605 S. Ridgewood Avenue
5:31 p.m.
Call To Order: Chairman Jollie called to order the regular meeting of the
"Edgewater Firefighters' Pension Fund Board on Tuesday, January 15, 2002 at
5:31 p.m. at Station 55.
Roll Call: Members present were Chairman Jim Jollie, Mr. Gary Butt, Ms.
Laura Reilly and Mr. Marty Tse. Also present was recording secretary Lisa
Miller. PM Ron Hayward was absent.
Approval of Minutes: The minutes of November 12, 2001 meeting were
submitted for approval. Mr. Butt moved to approve the minutes as submitted.
Mr. Tse seconded. Motion carried 3-0.
Old Business: There was discussion regarding the Volunteer Buy Back Plan.
Chairman Jollie stated the letters went out to the Mr. Pat Donlin for the study
to be done. The study had been post-poned until they received the annual
information from the City. Chairman Jollie had also requested that Mr. Donlin
come up with some other alternatives for the Board's consideration. Mr. Tse
asked if there was a document from Bunnell that showed how they did their
buy back. Chairman Jollie stated that we did have it and it would be furnished
to the Board. He added the document was a specific plan for strictly volunteers
to get a pension plan.
New Business: Chairman Jollie stated the only new business he had was that
Mr. Lance Powers from Sun Trust wants to schedule a yearly update of what's
happened with the fund. Chairman Jollie stated he would try to schedule it for
the next regular meeting and that they would probably be hearing from Mr.
Foster, the actuary at the same time.
Discussion Items: There was discussion regarding a member of the department
who had left the City, but they were not vested. Ms. Reilly asked if the money
was transferable to his new plan. Chairman Jollie stated, as we were a local
option plan it was not transferable, but that there were other options available
to the member such as a 457 plan.
Adjournment: There being no more business to come before the board at this
time, Mr. Butt moved to adjourn. Ms. Reilly seconded. Meeting adjourned at
5:44 p.m.
Minutes respectfully submitted by:
Lisa R. Miller
Recording Secretary
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