HomeMy WebLinkAbout1992-02-27 Minutes•
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MINUTES OF A FIRS PENSION BOARD MEETING
A meeting of the Fire Pension Board was held on Thursday, February
27, 1992, at 11:00 a.m. in Room 327 of the City Administration
Building, 113 West Mountain, Fayetteville, Arkansas.
PRESENT: Marion Doss and Danny Farrar, Retirees Richard
Baird and Darrell Judy, City Manager Scott
Linebaugh, Administrative Services Director Ben
Mayes, and City Clerk Sherry Thomas.
ABSENT: Pete Reagan
CALL TO ORDER
The meeting was called to order by Marion Doss.
PENSION LIST
There were no changes in the pension list for the month of March,
1992. Judy, seconded by Farrar, made a motion to approve the
pension list. The motion was approved unanimously.
OLD BUSINESS
PENSION AMOUNT FOR YEARS WORKED AFTER 20 YEARS OF SERVICE
Danny Farrar stated he had been contacted by Joe Fraley who was
wondering when the amount changed from $5.00 to $20.00 per month
per year for years worked in excess of 20.
Mickey Jackson stated it was after 1985 and thought it was in 1987.
Thomas stated she would research the matter and report back at the
next pension meeting.
ACTUARY REPORT
Baird stated he had missed the last meeting, but he asked if the
actuary report had been discussed.
Mayes stated the information for the report has been forwarded to
the actuary by the City, and the report would be ready sometime in
May or June.
Baird asked if at the report by Merrill Lynch at the last meeting
was there anything in particular that was reported.
Mayes stated that the portfolio was up in market value, and the
year end report looked good.
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February 27, 1992
PHYSICALS
Farrar asked if physicals were discussed for the disabled retirees.
Mayes stated that they were, but several questions had been
referred to the City Attorney's office for an interpretation and
opinion. He felt this information would probably be available for
the next meeting.
NEW BUSINESS
PENSION AFFIDAVIT
Thomas reported that the annual Pension Beneficiary and Widow's
Affidavits have been sent and most of them returned by the pension
recipients.
PENSION HANDBOOK
Doss asked if the Arkansas Municipal League still prepared a manual
of only the fire pension statutes. He stated he had an old one,
and he felt one of these for the pension board members would be
very beneficial.
• Linebaugh stated he did not think the League prepared those manuals
anymore. However, all of the pension laws are in the Municipal
League Handbook, and he would get a copy for the pension board.
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ADJOURNMENT
There being no further business, the meeting adjourned at 11:14
a.m.
SW