HomeMy WebLinkAbout1972-12-04 Minutes0
MINUTES OF MEETING OF FIREMEN'S PENSION
AND RELIEF FUND BOARD
DECEMBER 4, 1972
4:30 P.M. CITY MANAGER'S OFFICE
Present: Chairman Donald L. Grimes, Treasurer Pat Tobin, Secretary Helen
Young, Fire Chief Charles McWhorter, Richard Baird, Bill Boudrey and Howard
Boudrey.
Members Absent: Harold Lee.
Minutes of the November 6.
1972
meeting had been
previously
distributed to
the board members. There
were
no corrections or
additions
to the minutes.
Treasurer Pat Tobin presented Pension Authorization Form for the month of
December with no changes. Fire Chief McWhorter moved the Pension Authori-
zation Form for December be approved. Bill Boudrey seconded the motion.
Upon roll call the motion passed unanimously,
Treasurer Pat Tobin reported that $10,000 was added to the $100,000 which
was reinvested in October at 6.25 percent for two years.
Chairman Donald Grimes suggested that the board make a recommendation to
the Firemen's Association regarding whether to have the actuary study per-
formed. Fire Chief McWhorter agreed that the board should make a recommenda-
tion and added that he felt the actuary study would be a good investment.
Fire Chief McWhorter moved that Morton and Company be asked to perform the
actuary study of the Firemen's Pension and Relief Fund contingent upon the
approval of the Firemen's Association. Richard Baird seconded the motion.
Upon roll call the motion passed unanimously.
Treasurer Pat Tobin reported that the Firemen's Pension and Relief Fund now
has a cash balance of $5,100.
There being no further business, Fire Chief McWhorter moved the meeting be
adjourned. Bill Boudrey seconded the motion. The motion passed unanimously
whereupon Chairman Donald Grimes declared the meeting adjourned.
APPROVED:
ATTEST: Chairman
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Secretary
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