HomeMy WebLinkAbout1972-10-09 MinutesMINUTES OF MEETING OF FIREMEN'S PENSION
AND RELIEF FUND BOARD
OCTOBER 9, 1972
4:30 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 September 11, 1972 meeting had been previously distributed
to the board members. Fire Chief McWhorter moved the minutes of the
September 11, 1972 meeting be approved. Harold Lee seconded the motion.
The motion passed unanimously.
Treasurer Pat Tobin presented Pension Authorization Form for the month of
October with no changes. Bill Boudrey moved to approve the Pension
Authorization Form for October. Howard Boudrey seconded the motion. The
motion passed unanimously.
Treasurer Pat Tobin announced that no cost estimate for performing the
actuary study has been received from Morton and Company. Fire Chief
McWhorter suggested that the secretary write a letter to Morton and
Company asking for an estimate for performing the actuary study and
requesting the information be made available for the next Firemen's
Pension Board meeting to be held on November 6, 1972.
Treasurer Pat Tobin reported that a $100,000 note has matured at McIlroy
Bank. If the $100,000 were reinvested at McIlroy Bank, the best rate
they would give is two years at 6 percent. Fire Chief McWhorter suggested
that Mr. Tobin be instructed to check with other institutions to get the
best rate possible for the investment. It was the will of the Board to do so.
Treasurer Pat Tobin reported that the cash balance in the Firemen's Pension
and Relief Fund at this time is $11,200.
There being no further business, Howard Boudrey moved the meeting be
adjourned. Harold Lee seconded the motion which passed unanimously,
whereupon Chairman Donald Grimes declared the meeting adjourned.
APPROVED:
airman
ATTEST:
0 W1,1141) 'ItlInt
Secretary