11-21-2003
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Edgewater Firefighter's Pension Fund
Regular Meeting
November 21,2003
Station 57
2628 Hibiscus
5:30 p.m.
CALL TO ORDER:
Chairman Jollie called to order the regular meeting of the Edgewater
Firefighters' Pension Fund Board on Friday, November 21, 2003 at
1: 13 p.m. at Station 57.
ROLL CALL:
Members present were Chairman Jim Jollie, Mr. Gary Butt, Mr. Marty
Tse, Ms. Laura Reilly and Mr. Ron Hayward. Also present was Michael
Welker of Trustco Capital Management, Chief Tracey Barlow and
Shontella Jackson, Recording Secretary.
APPROVAL OF MINUTES:
The minutes of the September 2.1, 2003 meeting were submitted for
approval. MOTION bv Mr. Butts. SECONDED bv Mr. Tse to aoorove
the minutes of Seotember 23. 2003 meetin!!. MOTION CARRIED
UNANIMOUSLY.
NEW BUSINESS:
Chairman Jollie introduced and presented Michael Welker of Trustco
Capital Management. Mr. Welker reviewed and discussed the investment
review packet. Chairman Jollie stated he would try to reschedule Foster
& Foster for a report presentation. Chairman Jollie and Ron Hayward
were re-elected and approved by the City Council for the Firefighters'
Pension Board. Marty Tse and Laura Reilly will be up for re-election in
April and May of 2004.
OLD BUSINESS:
Chairman Jollie presented a letter from Foster and Foster regarding to
the drop plan. The Board had a brief discussion regarding the drop plan.
Chairman Jollie had a brief discussion on buybacks: volunteer and
military buybacks. Chairman Jollie stated that volunteer buybacks
would have to be a separate entity from the military buybacks. The
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Edgewater Firefighters' pe~n Fund
Regular Meeting
11/21/03 Page2
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Board had a brief discussion on buyback plan. Chairman Jollie stated
he would schedule a meeting the City for the next meeting.
DISCUSSION ITEMS:
None.
ADJOURNMENT:
MOTION by Laura Reilly. SECONDED by Marty Tse to adjourn. The
meeting adjourned at 2:10 p.m.
Minutes respectfully submitted by:
Shontella Jackson
Recording Secretary
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