HomeMy WebLinkAbout1995-09-28 Minutes•
MINUTES OF A MEETING OF THE FIRE PENSION BOARD
A meeting of the Fayetteville Firemen's Pension and Relief Board
was held on Thursday, September 28, 1995, at 11:00 a.m. in room
326 of the City Administration Building, 113 W. Mountain,
Fayetteville, Arkansas.
PRESENT: Marion Doss, Ron Wood, Darrell Judy, Mayor Fred Hanna,
City Clerk/Treasurer Traci Paul, and Fire Chief Mickey
Jackson.
ABSENT: Pete Reagan and Howard Boudrey
CALL TO ORDER
Mayor Hanna called the meeting to order.
MINUTES
Doss stated he wanted to make one correction on the minutes of
the August 31 meeting.
In the investment report, the figure $4,901,580 was typed with a
period instead of a comma.
Doss, seconded by Judy, made a motion to approve the minutes of
• the August 31 meeting. The motion passed unanimously.
•
PENSION LIST
In answer to a question from Mayor Hanna, Paul stated benefit
increases have been added to the pension list for October and the
revised list for September.
Doss, seconded by Wood, made a motion to approve the October
pension list and the revised list for September. The motion
passed unanimously.
OLD BUSINESS
BANK DRAFTS
Doss asked if the Accounting Division submitted any explanation
of the bank drafts discussed at the last meeting.
Mayor Hanna explained that Ben Mayes has the information.
In answer to a request from Doss, Mayor Hanna stated there will
be a report from Ben Mayes at the next meeting.
•
•
•
September 28, 1995
DROP PLAN
Doss asked if the attorney researching the Drop Plan had been in
contact with anyone.
In response to a question from Mayor Hanna, Doss suggested the
attorney give the Pension Board a status report.
In answer to a question from Doss, Paul stated the attorney is
Greg Jones of Jones, Jones and Harding. It is a Fayetteville
firm.
In answer to a question from Mayor Hanna, Doss stated the
attorney represents the Pension Board.
Mayor Hanna suggested having Greg Jones give a report at the next
Pension Board meeting.
Paul stated she would contact Mr. Jones and ask him to attend.
PENSION INCREASES
Paul reported that pension increases were processed and as
requested by the Board, a letter of explanation was attached to
each check.
NEW BUSINESS
INVESTMENT REPORT
Mayor Hanna stated there will be no investment report.
KEYSTONE INVESTMENTS
Paul explained she received a letter from Keystone requesting
authorization to charge the account for quarterly management
fees. Paul stated two Board members need to sign the form.
Mayor Hanna suggested contacting Richard Yada for verification
before signing the form.
Doss suggested all Board members sign the form.
ADJOURNMENT
The meeting adjourned at 11:23 a.m.