HomeMy WebLinkAbout1975-08-04 MinutesMINUTES OF A MEETING OF THE FIREMEN'S PENSION AND RELIEF BOARD
• AUGUST 4, 1975
•
The regular monthly meeting of the Firemen's Pension and Relief Fund Board
was held August 4, 1975 at 4:30 p.m. in the City Manager's Office.
PRESENT: Chairman Donald L. Grimes; Treasurer Pat Tobin; Secretary Darlene
Westbrook; and Board members Charles McWhorter, Don Miller, Ronald
McArthur, and Dean Harris
ABSENT: Howard Boudrey
The meeting was called to order by Chairman Grimes who asked if there be
any corrections to the minutes of the July 6, 1965 meeting. There being
none, Charles McWhorter, seconded by Dean Harris, moved that the minutes
be approved as submitted. The motion carried unanimously.
Don Miller, seconded by Charles McWhorter, moved that the Pension list
for the month of August be approved. The motion carried unanimously in voice
vote of the Board.
Old business included the discussion of proposed correspondence with the
Federal Deposit Insurance Corporation and the Federal Loan Insurance Corpora-
tion to determine their extent of coverage on pension fund deposits. Mr.
Grimes stated that he had not as yet requested the information but would do
so at the earliest date.
New business included the issuance .of 20 -year certificates of service to
Alonzo Farrar and Carl Springston. Mr. McWhorter reported that, even
though Mr. Springston had not been of age when he initially joined the
department, the City Attorney had unofficially rendered the opinion that since
the firemen had voted to accept Mr. Springston, he should receive credit
for the four months he was in service prior to his coming of age. Members of
the Board signed the two certificates.
Mr. Tobin reported that he had received a call from Dr. Bob Hall in regard
to the proposed actuarial study for the fund. Dr. Hall had quoted a study
cost of $1,400 for an in-depth study and $400-800 cost for a basic study.
Following discussion, Mr. McWhorter stated that he would like to have the
matter discussed at the upcoming meeting of the firemen for their comment and
discussion before any commitments were made.
There being no further business, Charles McWhorter, seconded by Ronald
McArthur, motioned to adjourn the meeting. The motion carried unanimously
and the meeting was adjourned by Chairman Grimes.
ATTEST: APPROVED:
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Darlene Westbrook, Secretary
Donald L. Grimes, Chairman