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MINUTES OF MEETING OF FIREMENIS PENSION
AND RELIEF FUND BOARD
SEPTEMBER 11, 1972
4P30 P.M. CITY MANAGER'S OFFICE
Present: Chairman Donald L, Grimes,
Young, Fire Chief Charles McWhorter,
Boudrey and Harold Lee.
Members Absent: None,
Treasurer Pat Tobin, Secretary Helen
Richard Baird, Bill Boudrey, Howard
Minutes of the August 7. 1972 meeting had been previously distributed to the
board members. Howard Boudrey moved the minutes of the August 7. 1972
meeting be approved. Bill Boudrey seconded the motion. The motion passed
unanimously.
Treasurer Pat Tobin presented Pension Authorization Form for the month of
September with no changes. Richard Baird moved to approve the Pension
Authorization Form for September. Howard Boudrey seconded the motion. The
motion passed unanimously.
Treasurer Pat Tobin announced that an insurance turnback check in the amount
of $17,737.40 has been received, The Fund balance at this time is $34,551.67.
Mr. Tobin advised that $28,000 be invested for a two year period.
Fire Chief McWhorter moved to authorize the Treasurer to invest $28,000 for
two years. Harold Lee seconded the motion. The motion passed unanimously.
Fire Chief McWhorter announced that he had compiled additional information
which Morton and Company had requested to be used in performing the actuary
study of the Firemen's Pension and Relief Fund. He stated that he would like
to give the information to Morton and Company and ask Morton and Company to
estimate the cost of performing the actuary study. It was the will of the
Board to authorize Fire Chief McWhorter to submit the information to Morton
and Company and ask for an estimate of the cost of the study.
There being no further
business,
Fire Chief
McWhorter moved to
adjourn and
Harold Lee seconded the
motion,
The motion
passed unanimously
whereupon
Chairman Donald Grimes
declared
the meeting
adjourned.
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