HomeMy WebLinkAbout1995-04-27 Minutes•
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MINUTES OF A MEETING OF THE FIRE PENSION BOARD
A meeting of the Fayetteville Firemen's Pension and Relief Board
was held on Thursday, April 27, 1995, at 11:00 a.m. in room 313
of the City Administration Building, 113 W. Mountain,
Fayetteville, Arkansas.
PRESENT: Marion Doss, Pete Reagan, Ron Wood, Darrell Judy,
Howard Boudrey, Mayor Fred Hanna, City Clerk/Treasurer
Traci Paul, and Fire Chief Mickey Jackson
CALL TO ORDER
Mayor Hanna called the meeting
MINUTES
Reagan, seconded by
of March 30, 1995.
PENSION LIST
to order.
Boudrey, made a motion to approve the minutes
The motion passed unanimously.
In answer to a question from Mayor Hanna, Paul stated there were
no changes in the pension list.
Boudrey, seconded by Doss, made a motion to approve the pension
list for May, 1995. The motion passed unanimously.
OLD BUSINESS
Paul
PENSION AFFIDAVITS
stated that all pension affidavits had been mailed
PAYMENT TO JONES JONES & HARDIN
Paul stated that
Jones, Jones and
Plan.
back in.
a check in the amount of $1,443.61 was mailed to
Hardin on April 4, 1995 for services on the DROP
DROP PLAN
In answer to a question from Doss, Reagan stated
to 90 days before information would be available
Plan.
NEW BUSINESS
INVESTMENT REPORT
it would be 60
on the DROP
The Board reviewed a summary of the portfolio performance as
March 28, 1995. A Merrill Lynch representative could not be
present.
of
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April 27, 1995
In answer to a question from Mayor Hanna, Reagan stated he was
comfortable with the investment portfolio right now.
Reagan stated that New Mexico Capital has increased to 4.06% and
the Income Account has increased to 5.25%. Bonds have increased
from -7.70% in December of 1994 to 6.26% in March.
Reagan stated that Richard Yada would be present at the May
meeting.
ELECTION OF PENSION BOARD MEMBERS
Reagan stated there are two positions up for election. The
position currently being held by Ron Wood and the retiree
position currently being held by Howard Boudrey are both up for
election. Notices could be mailed out to retirees with their
checks.
In answer to a question from Mayor Hanna, Reagan explained that
nomination forms can be mailed out with payroll checks and then
returned.
Discussion ensued regarding the amount of time
nomination process.
• In answer to a question from Doss, Paul stated
could be mailed out before checks are mailed.
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needed for the
nomination forms
Mayor Hanna reminded the Board that a person holding a board
position usually stays until a replacement is made.
Reagan stated that in the past, nomination forms have been mailed
with checks.
Reagan suggested the nominations be returned by the
on May 25.
STATE STATUTES
Reagan stated there have been changes in some
Copies will be available at a later date.
ADJOURNMENT
The meeting adjourned at 11:20 a.m.
next meeting
State Statutes.