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05-25-2004 Edgewater Firefighter's Pension Fund Regular Meeting May 25, 2004 Edgewater Fire Rescue Station 57 2626 Hibiscus 5:30 p.m. CALL TO ORDER: Chairman Jollie called to order the regular meeting of the Edgewater Firefighters' Pension Fund Board on May 25, 2004 at 5:25 p.m. at Edgewater Fire Rescue 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 Chief Tracey Barlow and Shontella Jackson, Recording Secretary. APPROVAL OF MINUTES: The minutes of the March 8, 2004 meeting were submitted for approval. MOTION bv Mr. Butts. SECONDED bv Ms. Reillv to aDDrove the minutes of March 8. 2004 meetine:. MOTION CARRIED UNANIMOUSLY. NEW BUSINESS: Martin Tse's presented a letter to the Board for reappointment to the Edgewater Fire Pension Board. MOTION bv Ms. Reillv. SECONDED bv Mr. Butts to re-elect Martin Tse to the Ede:ewater Fire Pension Board. MOTION CARRIED UNANIMOUSLY. OLD BUSINESS: Chairman Jollie recommended that the Board mirror the State Drop plan, by adopting the State drop plan to the City Ordinance. The Board had a brief discussion regarding the drop plan. MOTION bv Ms. Reillv. SECONDED bv Mr. Tse to adoDt the State droD Dlan to the City of Ede:ewater Fire Pension Dlan. MOTION CARRIED UNANIMOUSLY. Chairman Jollie will present this motion to Mr. Hooper and Mrs. Sigler. Chairman Jollie addressed the buyback issue. The Board discussed the buyback issue in length. A brief recess was called at 5:40 by Chairman Edgewater Firefighters' Pension Fund Regular Meeting OS/25/04 Page 2 Jollie and called back to order by Chairman Jollie at 5:41. MOTION bv Ms. Reillv. SECONDED bv Mr. Butts to uroceed with the mirrorine: of the State ulan and check into addine: buyback outions at the same time. MOTION CARRIED UNANIMOUSLY. DISCUSSION ITEMS: None. ADJOURNMENT: Chairman Jim Jollie ad10urned the meetine: at 5:55 p.m. Minutes respectfully submitted by: Shontella Jackson Recording Secretary 2