The URL can be used to link to this page

Home My WebLink About1996-08-26 - Agendas - FinalFAYETTEVILLE THE CITY OF FAYETTEVILLE, ARKANSAS TRACI PAUL, CITY CLERK TO: Firemen's Pension Board Members FROM: Traci Paul, City Clerk/Treasurer T� DATE: August 26, 1996 SUBJECT: Firemen's Pension Board Meeting • The next Firemen's Pension Board meeting is Thursday, August 29, 1996, at 11:00 a.m., in room 326 of City Hall. Attached, please find a copy of the agenda for the upcoming meeting, the minutes from the July,.25 meeting, and the pension list for September, 1996. Attachments 113 WEST MOUNTAIN 72701 501 5754323 r AGENDA FIREMEN'S PENSION AND RELIEF BOARD August 29, 1996 11:00 a.m. City Hall Room 326 1. Approval of the minutes of July 25, 1996. 2. Approval of Pension List for September 1996. 3 Investment Report, Merrill Lynch 4 Old Business 5 New Business 6 Adjournment MINUTES OF A MEETING OF THE FIRE PENSION BOARD A meeting of the Fayetteville Firemen's Pension and Relief board was held on Thursday July 25, 1996, at 11;00 a.m., in room 326 of the City Administration Building 113 W. Mountain, Fayetteville, Arkansas. PRESENT: Mayor Fred Hanna, Marion Doss, Pete Reagan, Ron Wood, Howard Boudrey, Darrell Judy, and City Clerk/Treasurer Traci Paul CALL TO ORDER Mayor Hanna called the meeting to order. .MINUTES Doss, seconded by Judy, moved to approve the minutes of the June 27, 1996, meeting. The motion passed unanimously. PENSION LIST Paul reported that Everett Cole has been removed from the list. • Reagan, seconded by Doss, moved to approve the August pension list. The motion passed unanimously. NEW BUSINESS Investment Report Richard Yada, Merrill Lynch, gave a quick report going through the end of June. He noted a lot has changed since the end of June. As of June 30, the New Mexico capital account was $4,144,000 minus $40,000 at the end of December, 1995, which we transferred to the income account. The income account has $3,822,000 and the Keystone account $1,102,000. The New Mexico account is up 6.91. Keystone is up 7.38. The income account is down 1.47. The New Mexico has both bonds and stock. Their bonds are relatively short term, so they are not going to be affected by the minimum figures on the long-term treasury. The short term are up a little bit, the long term are way down. Keystone is 100% stocks, a fair rate of return. New Mexicb is a good rate of return. We will probably see a choppy market, up and down, the rest of the year. We feel the interest rates are going to come down. Things are going to slow down. If there is a recession, it won't happen until after the election. At the end of this year and the first of next year, we need to be very cautious. • • July 25, 1996 Yada commented on the audit. The actuary has a return of 13.4% last year. Looking at the fire and police return in the audit, police had about $7.1 million, the fire department had $8.8 million, a $1.7 million difference. The fire department had an investment return of $1.1 million, where the police department had $389,000. We are fortunate that we took some money out of New Mexico and transferred it to Keystone and got a lot of profit. The only thing the State auditors count on our rate of return is the actual profits we take. If you don't sell, there is no profit. That is the difference in accounting measurements between the auditors and Merrill Lynch. The police had $318,782 investment earnings; firemen had $1,047,672. We had a good year. The current income is good. Overall, we are in good shape. He will review the actuarial report further and comment on it at the next meeting. Election results on Retired Member Position Paul reported Darrell Judy won the election.. There were 11 votes for him, 7 for Morris, and Springston got 5 votes. Paul stated Marion Doss had asked her if we needed to have majority vote. We should have had a majority. LaGayle McCarty, from the City Attorney's office, said we should look at having a run-off election between the top two people. Paul would send out ballots to each person who receives a pension check to vote for Bill Morris or Darrell Judy. Reagan moved to accept Darrell Judy's 11 votes over Bill Morris's 7 as a simple majority. He stated there is nothing in the statutes, according to LaGayle, that says we have to have the majority vote. It will be more paperwork and more trouble. Boudrey seconded. The motion passed unanimously. Benefit Increase Reagan stated this is basically what we had last time, only we allowed section two, that widow benefits would be increased for volunteer fire fighters the same as her spouse's benefits. That was put in there because PRB sent us a letter saying we were not in compliance because we'd raised three widows from $45 to $50. PRB is saying they should be paid $45 a month. Reagan explained to them he'd rather have all his teeth pulled than take $5 away from a widow. They did grant a variance and he'd told them there would be a proposal for a benefit increase which would include them. Doss stated he was not sure about the third and fourth paragraphs. He asked if that means there will at a later time be another increase percentage -wise or across the board. He had talked earlier about the fact there are 11 people retired previous to 1982 who under this proposed deal would not get any increase. He wondered if that paragraph leaves open giving them a 15% increase on the base they retired at the time of their retirement, adding it to what they make now. The original figures he'd come up with are in • July 25, 1996 error as they were figured on what they make now including their raises of $200 and $50. What we are asking for is 15% increase on what they retired at. On Ray Davis, someone making $355, a 15% increase would be 65% of what he retired at, the same as everyone else. It would be $53 a month in his case. We'd just carry that on through to those 11 who retired previous to 1982. That does not get inconsistent with not going over 65% of base. The ones currently drawing more than 65% are doing so because of across-the- board increases. Reagan stated their original 50% of salary was figured on their monthly salary at retirement. Doss agreed but with this paragraph here we are leaving that open for further increases. It is more equatable to give everyone some raise. Everyone on the retirement list would have a raise. Mr. Yada pointed out that even though the raise given back in the 80's to those already retired was a small amount, page 10 of the actuary shows the percentage went down from 49% to 15%. It took four years to get it back up to where it was, and this year we made some good headway. He advised the board to keep in mind in looking back at some of those people who are only making $200 a month that, hopefully, they went to work in another career and got another retirement set up. Doss stated he felt this money belongs to everybody. He would feel it more equitable to request something for them. Fifteen percent of what they were making when they retired would not be that much and would make them feel a lot better. He would feel better, too, if asked about giving himself a raise. Reagan stated they've been given three benefit increases. While doing that, we've given none since '86. Everyone from '86 on has not received a raise. When this board gave the raises, we thought we were doing the correct thing, but what we were doing was cutting our own throats because we didn't give everyone a raise. If we'd given everyone a raise, that would have made everything more equitable. .When we went under management, our management team asked us to not give out increases for 8 to 10 years so that they could build up the fund, which makes sense so we would have the money to give an increase. The point could be argued either way. He had no problem voting for this resolution but also saw there are some problems that could be addressed in the future with those who retired at such a low amount. We need to come up with a way that is fair and equitable. Doss was afraid if we do this increase now, we'll forget about them and not ever do an increase for them. We ought to tie it together and if it doesn't fly, it doesn't fly. He is talking about 15% of what they were making when they retired, not taking the $200 away from them. • July 25, 1996 Reagan felt this was not equitable. He asked if Doss would want to give the guys who retired from '86 to '96 a $200 raise. Doss replied there is a paragraph that leaves that open for the future. It is better to give to everybody. A percentage is more equitable than an across-the-board increase. Reagan agreed. That is why we went the percentage route. Those not receiving the raise on this one, will more than likely receive one on the next one. Some who are over 100%, way over 65%, won't. Wood asked if Reagan was saying it means we go with this and on the next raise it would be fair and equitable to go across the board with a percentage. Reagan gave examples of who would and who wouldn't, staying with the percentage route. Take Charlie for example, his 65% of salary at time of retirement was $871.19. He is currently drawing $885. There is a $14 difference which will be made up with a percentage raise next time. There are others who won't. Take Everett Cole, who is deceased. 65% of his salary at time of retirement was $227.50 but he was drawing $375, so the percentage would not be high enough to bring him up. Yada stated getting it up to 65% disability question out and make goes on. His feeling was to get back and see if you could give people. was great. That would take the life easy on the board as time to 65% if possible and then go some dollar increases to these Doss stated everybody would be getting something. It is great say we will do it next month or next year. We may, but then have to go through the actuary again. It might make it so close will fail at that time. to we it Mayor Hanna cautioned there is a lot to be considered here. Reagan moved to pass the resolution. Boudrey seconded. The resolution passed unanimously. Doss asked if he was the only one who felt these 11 people should get a raise. Boudrey stated they have been getting good raises for about 15 years. He supports them, but if you add up what they've drawn for 15 years and most haven't drawn one for ten years, they are way ahead. Wood stated he agreed with Doss. The cost of living has gone up a lot. • • July 25, 1996 Reagan had no problem with that. His main objective is to see that everyone receives raises. It may not fly, but we gave those guys raises because we felt like they needed them, not because we had the money. We left a lot of people out. Doss stated they've been drawing a long time, but everyone plans on drawing a long time. He stated he feels like he is asking for an increase for himself and forgetting them. Mayor Hanna stated if this proves to be actuarially sound, it would be appropriate to bring this up under new business. It may be mute anyway. NEW BUSINESS Doss stated that several months ago we gave a PRB mandated increase raising the minimum to $50 for all retirees. He thought that meant just a $50 minimum, but what it meant was $50 for 20 years service and they still get their years of service. We had one retiree, Bill Morris, who had 23 years service. We raised him to $60. PRB pointed out he should have been raised to $50 for his 20 years service, which he should have been getting $65 instead of $60. We need to raise his to $65 a month and we owe him $5 a month from whenever that increase took place. Discussion ensued regarding when the Board took action on the increase. In response to a question from Reagan, Paul asked if it was Act 1197. Doss stated he believed it was. Reagan stated Act 1197 increased the volunteer firefighter minimum benefit from $30 per month to $50 per month. Doss stated we looked at each person making under $50 per month and raised them to $50. Doss stated Bill Morris should be getting paid $50 per month for his 20 years service. He had 23 years of service so he should be getting paid and additional $5 per month for the extra three years. His pension should be $65 per month. We owe him $5 per month from whenever the benefit increase took place. We have only been paying him $60 per month. Reagan pointed out that Act 1197 passed in 1993 but we were not actuarily sound until 1995. We were declared actuarily sound in May of 1995. Paul stated she would look up the date that the Board took action on the increase. July 25, 1996 Doss, seconded by Wood, made a motion to raise Bill Morris' pension to $65 per month and pay him the $5 per month he has not received since the increase went into affect on May 1, 1995. The motion passed unanimously. The meeting adjourned at 11:52 a.m. FIREMEN'S RELIEF AND PENSION FUND SEPTEMBER 1996 TRACI PAUL TREASURER • THE FOLLOWING ARE THE OBLIGATIONS OF THE FIREMEN'S RELIEF FUND FOR THE MONTH OF SEPTEMBER 1996. YOU ARE HEREBY INSTRUCTED TO ISSUE CHECKS TO THE PAYEES, IN THE AMOUNTS SHOWN, AND FOR THE PURPOSE SO STATED. EMP# NAME 43 BAIRD, RICHARD H. 2 BLACKARD, PAUL 63 BOLAIN, ANN 44 BOUDREY, BETTY MRS. 45 BOUDREY, HOWARD 49 BOUDREY, JACK 4 CARL, FLOYD JR 5 CASELMAN, ARTHUR 57 CATE, ROY 6 CHRISTIE, ARNOLD 8 COUNTS, WAYNE 61 DAVIS, BEULAH F. 10 DEARING, EMMA MRS. 11 FARRAR, ALONZO 38 FRALEY JOSEPH G. 33 HARRIS, BILL C. 34 HARRIS, JAMES E. 64 JORDAN, CHARLIE 47 JUDY, DARRELL 37 KING, ARNOLD D. 54 KING, ARVIL 12 LANE, HOPE MRS 13 LAYER, MERLIN 14 LEE, HAROLD 51 LEWIS, CHARLES 60 LEWIS, MARVIE 55 LEWIS, ROGER 40 LOGUE, PAUL D. 50 MASON, LARRY 39 MC ARTHUR, RONALD A. 35 MC CHRISTIAN, DWAYNE 15 MC WHORTER, CHARLES 29 MILLER, DONALD 42 MOORE JAMES H. 17 MORRIS, WILKIE MRS. 16 MORRIS, WILLIAM H. 62 MORRISON, ELIENE 48 MULLENS, DENNIS W. 58 OSBURN, EDWARD 46 OSBURN, TROY 53 POAGE, LARRY 20 POLLY, GRACE A. MRS. 22 REED, JOE 30 SCHADER, EARVEL 41 SCHADER, TROY 23 SKELTON, BURL L. 24 SKELTON, LEE 56 SKELTON, ROY 36 SPRINGSTON, CARL 25 STOUT, ORVILLE 27 TUNE, MILDRED MRS. 26 TUNE, BILLIE SUE GROSS FED. TAX ST. TAX NET 916.20 100.00 55.00 55.00 1,266.21 1,066.66 837.68 50.00 75.00 909.50 50.00 55.00 377.50 50.00 707.84 953.38 55.00 55.00 1,192.17 837.68 828.42 1,131.00 50.00 417.50 55.00 837 68 439.16 439.17 1,469.38 829.35 891 62 55.00 885.14 863.01 55.00 50.00 60.00 70.00 1,114.11 1,284.63 965.81 1,201.98 50.00 55.00 915.78 783.74 692.50 390.00 1,626.02 609.88 590.36 70.00 70.00 816.20 55.00 55.00 180.00 1,086.21 1,066.66 287.68 50.00 500.00 50.00 75.00 909.50 50.00 55.00 377.50 50.00 707.84 100.00 10.00 843.38 55.00 55.00 1,192.17 837.68 100.00 10.00 718.42 130.00 1,001.00 50.00 41750 55.00 837.68 439.16 439.17 175.00 20.00 1,274.38 29.35 800.00 100.00 791.62 30.00 25.00 50.00 835.14 125.00 738.01 55.00 50.00 60.00 70.00 1,114.11 160.00 1,124.63 65.81 900.00 200.00 30.00 971.98 50.00 55.00 915.78 20.00 763.74 42.50 650.00 390.00 126.02 50.00 1,450.00 609.88 50.00 540,36 70.00 70.00 • 28 WATTS, DONALD 59 WATTS, WAYNE 52 WRIGHT, RANDALL 400.00 921.17 877.68 96.17 150.00 400.00 825.00 727.68 31,609.91 2,317.53 170.00 29,122.38 WE, THE UNDERSIGNED, DO SOLEMNLY SWEAR THAT THE ABOVE OBLIGATIONS ARE JUST AND CORRECT; THAT NO PART THEREOF HAS BEEN PREVIOUSLY PAID; THAT THE PENSION PAYMENTS SO CHARGED ARE IN ACCORDANCE WITH THE ACTIONS OF THE BOARD OF TRUSTEES OF THE FIREMEN'S RELIEF AND PENSION FUND; THAT THE SERVICES OR SUPPLIES FURNISHED, AS THE CASE MAY BE, WERE ACTUALLY RENDERED OR FURNISHED; AND THAT THE CHARGES MADE THEREFORE DO NOT EXCEED THE AMOUNT ALLOWED BY LAW OR THE CUSTOMARY CHARGE FOR SIMILAR SERVICES OR SUPPLIES. SECRETARY CHAIRMAN AND PRESIDENT ACKNOWLEDGEMENT STATE OF ARKANSAS ) COUNTY OF WASHINGTON) )SS SWORN TO AND SUBSCRIBED BEFORE ME THIS _DAY OF , 1996. NOTARY PUBLIC MY COMMISSION EXPIRES: 1 5a 4 1, FIREMEN'S RELIEF AND PENSION FUND SEPTEMBER 1996 TRACI PAUL TREASURER 12EV 1 SEJ7 • THE FOLLOWING ARE THE OBLIGATIONS OF THE FIREMEN'S RELIEF FUND FOR THE MONTH OF SEPTEMBER 1996. YOU ARE HEREBY INSTRUCTED TO ISSUE CHECKS TO THE PAYEES, IN THE AMOUNTS SHOWN, AND FOR THE PURPOSE SO STATED. EMP# NAME 43 BAIRD, RICHARD H. 2 BLACKARD, PAUL 63 BOLAIN, ANN 44 BOUDREY, BETTY MRS. 45 BOUDREY, HOWARD 49 BOUDREY, JACK 4 CARL, FLOYD JR 5 CASELMAN, ARTHUR 57 CATE, ROY 6 CHRISTIE, ARNOLD 8 COUNTS, WAYNE 61 DAVIS, BEULAH F. 10 DEARING, EMMA MRS. 11 FARRAR, ALONZO 38 FRALEY, JOSEPH G. 33 HARRIS, BILL C. 34 HARRIS, JAMES E. 64 JORDAN, CHARLIE 47 JUDY, DARRELL 37 KING, ARNOLD D. 54 KING, ARVIL 12 LANE, HOPE MRS 13 LAYER, MERLIN 14 LEE, HAROLD 51 LEWIS, CHARLES 60 LEWIS, MARVIE 55 LEWIS, ROGER 40 LOGUE, PAUL D. 50 MASON, LARRY 39 MC ARTHUR, RONALD A. 35 MC CHRISTIAN, DWAYNE 15 MC WHORTER, CHARLES 29 MILLER, DONALD 42 MOORE, JAMES H. 17 MORRIS, WILKIE MRS. - 16 MORRIS, WILLIAM H. ▪ 16 MORRIS, WILLIAM H. 62 MORRISON, ELIENE 48 MULLENS, DENNIS W. 58 OSBURN, EDWARD 46 OSBURN, TROY 53 POAGE, LARRY 20 POLLY, GRACE A. MRS. 22 REED, JOE 30 SCHADER, EARVEL 41 SCHADER, TROY 23 SKELTON, BURL L. 24 SKELTON, LEE 56 SKELTON, ROY 36 SPRINGSTON, CARL 25 STOUT, ORVILLE 27 TUNE, MILDRED MRS. GROSS FED. TAX ST. TAX NET 916.20 100.00 55.00 55.00 1,266.21 180.00 1,066.66 837.68 287.68 50.00 75.00 909.50 50.00 55.00 377.50 50.00 707.84 953.38 100.00 55.00 55.00 1,192.17 837.68 828.42 100.00 1,131.00 130.00 50.00 417 50 55.00 837.68 439.16 439.17 1,469.38 175.00 829.35 29 35 891 62 100.00 55.00 30.00 885 14 50.00 863.01 125.00 55.00 50.00 65.00 80.00 70.00 1,114.11 1,284.63 160.00 965.81 65.81 1,201.98 200.00 50.00 55.00 915.78 783.74 20.00 692.50 42.50 390.00 1,626.02 126.02 609.88 590.36 50.00 70.00 816.20 55.00 55.00 1,086.21 1,066.66 50.00 500 00 50.00 75.00 909.50 50.00 55.00 377 50 50.00 707.84 10.00 843.38 55.00 55.00 1,192.17 837.68 10.00 718.42 1,001.00 50.00 417.50 55.00 837.68 439.16 439.17 20.00 1,274.38 800.00 791.62 25.00 835.14 738.01 55.00 50.00 65.00 80.00 70.00 1,114.11 1,124.63 900.00 30.00 971 98 50.00 55.00 915.78 763.74 650.00 390.00 50.00 1,450.00 609.88 540 36 70.00 if A 26 TUNE, BILLIE SUE 28 WATTS, DONALD 59 WATTS, WAYNE 52 WRIGHT, RANDALL 70.00 400.00 921.17 877.68 96.17 150.00 70.00 400 00 825.00 727.68 31,694.91 2,317.53 170.00 29,207.38 WE, THE UNDERSIGNED, DO SOLEMNLY SWEAR THAT THE ABOVE OBLIGATIONS ARE JUST AND CORRECT; THAT NO PART THEREOF HAS BEEN PREVIOUSLY PAID; THAT THE PENSION PAYMENTS SO CHARGED ARE IN ACCORDANCE WITH THE ACTIONS OF THE BOARD OF TRUSTEES OF THE FIREMEN'S RELIEF AND PENSION FUND; THAT THE SERVICES OR SUPPLIES FURNISHED, AS THE CASE MAY BE, WERE ACTUALLY RENDERED OR FURNISHED; AND THAT THE CHARGES MADE THEREFORE DO NOT EXCEED THE AMOUNT ALLOWED BY LAW OR THE CUSTOMARY CHARGE FOR SIMILAR SERVICES OR SUPPLIES. enn b SECRETARY CHAIRMAN AN RESIDENT ACKNOWLEDGEMENT STATE OF ARKANSAS ) COUNTY OF WASHINGTON) )SS • SWORN TO AND SUBSCRIBED BEFORE ME THIS ///,{DAY OF Se/o71. , 1996. ij. 0 Y PUBLIC MY COMMISSION EXPIRES: 3- /-a OO 5 P • L uHF \ '4i - 0O 3y ; TAR • • H: . • Q= a':• PUBLIC i= I. • ___rtee_. RESOLUTION A RESOLUTION OF THE FIREMEN'S PENSION AND RELIEF BOARD OF TRUSTEES INCREASING THE BASE BENEFIT FOR RETIRED FIREFIGHTERS TO 65% OF FINAL SALARY. WHEREAS, the Firemen's Pension and Relief Fund for the Fire Department of the City of Fayetteville, Arkansas (hereinafter referred to as the "Fund") if governed by a Board of Trustees which, among other things, is empowered to increase benefits paid to retired members and beneficiaries of the Fund pursuant to A.C.A. 24-11-102, 24-11-802, and 24-11-803; WHEREAS, it has been determined by'said Board of trustees that it is imperative to increase base benefits for present and future paid retired firefighters who are retired from the Fayetteville Fire Department, or their surviving spouses, to increase their standard of living to keep pace with the increased cost of living, and to show the Department's sincere appreciation for the services they performed for the City of Fayetteville during their careers as firefighters; and WHEREAS, it is expressly determined by the Board of Trustees that it is consistent with their goals to be able to periodically increase benefits paid to members and beneficiaries should it be determined by said Board that benefits currently paid are not insufficient to the needs of the members and beneficiaries and that the Fund's actuarial soundness will not be detrimentally effected by said proposed increased benefits; and WHEREAS, the Board of Trustees has further determined that their proposed increase in base benefits shall be in addition to any other benefits that would accrue due to each retiree's time in service and/or any other benefit increases previously granted by the Board of Trustees, and shall be the only such increase in benefit unless and until further proper action is taken by the board to cause other such increases to any member or beneficiary, and that the increases proposed herein shall affect only present and future paid firefighters who are retired, and only in the amounts herein stated; and WHEREAS, the proposed increases in benefits shall be made in strict accordance with the provisions of A.C.A. 24-11-102 and shall be conditioned upon the positive results of actuarial evaluations performed in accordance therewith; and NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES FOR THE FAYETTEVILLE FIREMEN'S PENSION AND RELIEF FUND: • • r Page 2 • Pension • Section 1. That the benefits paid from the Firemen's Relief and Pension Fund to present and future retired, full time, firefighters or their surviving spouses shall be increased to a base rate of sixty-five percent (65%) of the firefighters final base salary on the day of retirement from the Fayetteville Fire Department. Section 2. That widows benefits would be increased for volunteer firefighters. the same as their spouses benefits. • Section 3. That volunteer firefighters minimum be raised to a minimum of $55.00 for twenty (20) years service. Section 4. That the actuary computed the proposed benefit increases using the cash flow valuation method. If it is determined the fund cannot withstand the proposed 65% increase, we ask the actuary to figure using a 60% increase. CHAIRMAN CITY CLERK 1qP; :77c721 XASSISTANT CHIEF -� ACTIVE MEMBER F�'i�i �`�t ACTIVE MEMBER J� RETIRED MEMBER , i 245/; 2 RETIRED MEMBER -11:11.4t41 /-t/- •E• PAST AND APPROVED THIS DAY OF JULY 25, 1996. August 26, 1996 Arkansas Fire & Police Pension Review Board P.O. Drawer 34164 Little Rock, AR 72203 Dear PRB: The City of Fayetteville Firemen's Pension Board approved a resolution to increase benefits for certain members of the Fayetteville Fire Pension Fund at their July 25, 1996 meeting. Please find attached a copy of the resolution and a copy of the minutes from the July 25 meeting. Please call me at 575-8323 if you have any questions. Sincerely, Traci Paul City Clerk/Treasurer Attachments • ■ Manual Check ■ 0 z Er a r .44 c Return check Send copy to: 0 ri Q ro w0 Fund Name 44) V ,-4 • • 0 01 U V in z •� sro,0 1+ tii y la 0 0.0 U O ro V 0 .,i 0. 0 Z U •-4 U a 0 14 •• ❑ aa° ❑ ❑ a 0' a v U 01 1 0, O • 1.1 0) 01A C E .r V Z C 7 N <• U U a 0 0 Prepared by Approved by v d 4-) c c w Account Number Sub Project Project .. _� A u 0 0 8 d4 N A m to, U^ Sub Dept u 0. o C coa 7 v I. C (53S c G 7 0 o 7 7; Account Name o 0 .. (r; 1 V U 0 9a 0' a v U 01 1 0, O • 1.1 0) 01A C E .r V Z C 7 N <• U U a 0 0 Prepared by Approved by v d 4-) c c w • 1 1 0 0 0 Y r r Y *1 *1 .01 *1 \'. *1 0. *1 w Ni .0. 411 r: 1 j N 4 D fl O 01 NI aitl 48 • *****925 DOLLARS AND NO CENTS O 0 0 $na z$ FIREMEN'S PENSION 004041 CHECK NO. J d2DIAN3S TVIRVNEDV Edi �I 1 0 L a "1 0 RUG -22-96 THU 10:27 .ta-L'.c -Patti Date: Rotas -r 11,1q4(0 144(0 P, 01 etlf 4111.7) STATEMENT For Actuarial Services City: FakiEtitoil It TYPE OF FUND Police Paid Fire Paid/Volunteer Fire Volunteer Fire ()Standard ()Non -Standard ()Standard ()Non -Standard ()Standard % Non -Standard ()Standard ()Non -Standard Actuarial Fee: S (processing Fee: S Total Fee: S • PLEASE MAKE CHECKS PAYABLE TO: ARKANSAS LOCAL POLICE & FIRE RETIREMENT SYSTEM SEND ALL INFORMATION AND CHECK TO: ARKANSAS FIRE & POLICE PENSION REVIEW BOARD P.O. DRAWER 34164 LITTLE ROCK, ARKANSAS 72203 FAYETTEVILLE FIRE DEPT PENSION AND RELIEF FUND PORTFOLIO PERFORMANCE 12/31/95 TO 07/31/96 NM CAPITAL MANAGEMENT INCOME ACCOUNT KEYSTONE ASSET MGT 3 - MONTHS TREASURY BILLS DJIA W/DIV REINVESTED S A P SOO W/DIV REINVEST LONG TERM TREASURY BONDS H IGH GRADE CORP BONDS CPI (JUNE) NM CAPITAL (time wtd) INCOME ACCOUNT KEYSTONE ASSET MGMT W ITHDRAWALS; 03/13/36 04/12/96 ZO'd Z00'°N 8V:6 $16,000 10,000 96,6-6 6nd 12/31/95 $3,891,670 - 40,000 3,848,643 +40,000 1,018,776 12/31/35 + 5.46 +35.53 +34.94 +27. 63 +23.51 + 2.67 + 13.68 +15.61 + 1.88 07/31/96 23,311,863 3,852,117 1,047,019 07/31/96 + 3.30 + 9.S0 + 527 - 7.19 4.33 + 2.08 + 1.04 - 1.01 + 2.23 TSG£-52.2-TOS:131 fir, ata, 453 3,886, 277 1� /04 'G 9. + 1.70 a7.3i • Z 10 — abed ✓ 0 r 0 y f f a 0 s i a 0 0 0 0 Pa 0;; ;; 0 5 mr m> j c o r g O o m o 0 0 m m 00 o 0 o m m m c c 8 m j Z. o m m �. '� m m n m '- m ERE n n n a>>> S 3 3 6 o c 0 i<@ < 3 m ewON 1901 sia a 0 0 0 a m -+ m r y m O O O a r a a O; p p O O c- k O m a 0 a 9 m 2 g.< m 2.4;213 ▪ F co • 0 o a 2 3 k °m 8 `m < n 0 0 0 3 m a 0 m, • m • a - o- a m m o a a F m m � z o s 3m m m N N N N 10 N 10 10 10 N N N 0 0 0 A a+ 0 A 0 O P V N P N A A 0 W 10 W 0 J 1 1 1 1 1 1 1 1 1 1 1 1 1 1 N N m W CO W W 10 10_ 1 V J 11 N V 0 0 N 0 m 1 8 m 8 W CO 8 W a 8' 8 8 t9-12-9 02 L9— V-01 OZ V 10 0 A N P W P A W 1 1 1 1 1 0 N 1 ▪ m W 10 O 18" 8 8 8 9L-62-2 OZ 10 N N 10 0 0 N N P A P V 0 b a 1 1 1 1 1 1 a NA P P 0- 01 0 0 1 CO 0 1 P W 0 d 0 0 d a s y a O W a• a• 0) 0• N Na W(� a 0 69 0 0 0 0 Nm 0) a W 0 W N a W a a N N 0) aa ▪ W 0'611 a Vm m • 2000 N00 10 A CO a 0 W V fi d fi V N W O 01 01 0 0 b 0 O 0 0 0 0 O 0 0 N 0 0 0 W O a W W P W A O 0 0 A W ▪ N 0 N N 668 :*1 • pp O• p 0 O • A O a W OJdaV 0 N 0 0 880 N N O O m loowwfem lUO W OJIIGH P 0 • 5 O 0 0 0 a 0 0 0 a Lg01 0) 0 00 0 0 Np 0 a 0 a-• &qr.:. op o 0 0 01 P asmfJ P P P a sq(J . mba N0)�p0 0 0 00 010O omfJ 0 01 O • Op q 0 p O O m 0 P co N• q P O ro VA 0-4 m N A A 41 O 0 A ( 0� q J p J p O 0 q J N 01 qJ q V p • a 0 0 q J 0 N 0<01 8 8 8 8 8 8 8 a J 8 P CO ▪ W m a m P 666 P,1 8 01 !J P O O A d V 6♦ O O O 0 P +� O iY pN • N_' Wp A 0 �• N • pa CO A N P N O O O a • 0 O O a a 0 a 8 01 8 8 b • 8 80 b 8 8 8 88 N a a 88 O 0 0 a 0 0 a( 0 a a 0q 0 a 0 0 o Ao `� 0 0 0 8 0 21 o a o 0 0° 0 0 6 0 0 1N1i o 0 0 0 0 0 0 0 0 0 0 00 0 0 rrr 0 0 8 8 0 0 8 8 8 0 8 °a 8 0 0 8 0 8 8 0 8 8 0 8 8 8 8 0 8 0 0 8 8 8 8 8 0 0 8 a a a a s a a 00 000 00 0 0 8 8 8 88 8 88 a 0 a 8 0 0 0 8 8 8 8 in 0 0 0 a a a a 0 0 0 0 0 a 0)000447(0000)7(0770)0(44470(407(0070)0)0)0(4 00-ff a q a q a a a m a a. 0 0 .' a p a m a p- a 01 0 0 0 p A mph qO 0 a P a fel m m r 0 0 O N P J 4) i a W 01 0 N O J J 0 0 0 Q O p O q VCA • •( 2 •p O 0 0 0 0 q N • 0 0 O a A A 0 a 0 0 ( 0y� qqJ p Jp 0 Jpp N a mm :-49901� q Vq 0 0 0 8 8 8 0 8 8 8 0 0 6.0 0 • m a 0' P N 0 0 Y 6 0 0 6 J 0 L 0 0 0 6 0 w O • a 0 a 0 0 0 0 a 0 H N a 0 010 01 0 a 0 a 0 r.ryy�� o0pq ' qaq ((0(O11� H a a a a q0q0qq 0 . ._ pmpm �mNNmJ . ▪ 808 08 . a 0 a ' pm ▪ ' 21 O O m N O V m N P W A N� co P 0 0 0 f v m P J n 0 0(3 CO 6 0 0 O O q J rococo • m 8 0 0 8 J A O N 00 J 0 O a 0 0 ▪ 0 0 a m 0 0 O 0 m 0 0 P 0 0 m 0 J 0 a 0 a 10 N00 a s 0 0 Na 0 y 0 0 a 0 a a 0 N aN 0� a(P� 0 O O +1 N 0 0 - 0 O 0 O 10 0 0 0 L N m co 0 O co m m (.1 0 0 0 N 0 0 O O O V N OJ O A 8888808888680""8888.88=8888888'288$88888 sleOA 19 S -1 animas to SMOA 9AX3 aouaaelli0 T T C ID CD a <. A O 0 O 7 N P c 8 Zlo Z - °Bed lobi Ionuuy mN 4 AMIGosla Alva 10 gun = 1 0 z 0 C o_ 0 C 0 M Cc - 10101 Annuo W col N M N N M M H M 0 0 0 0 0 o 0 0 8 8 8 8 8 8 8 8 S 0 S 9 S 0 0 0 8 8 8 8 8 8 8 8 O 0090000 8 8 8 8 8 8 8 8 M M CO M 0 M M M O 0 0 O O O O O 8 8 8 8 8 8 8 8 J O • 20920999 03 • 8 8 8 8 8 8 8 8 °WON 1801 Ola. GLUON 1911j cw =1/4c CD mm 4113CD ✓ C o 3 m0. y O a N 0 e 3 I 5 10101 0101:1 01eeA 10 # 0 m 0 0 N m 0 0 m w O O M 3 g m 0 a < tnN K 0008/0/110 0 0 se—Inr—sz AGENDA FIREMEN'S PENSION AND RELIEF BOARD September 26, 1996 11:00 a.m. City Hall Room 326 1 Approval of the minutes'of August 29, 1996. 2 Approval of Pension List for October 1996. 3 Investment Report, Merrill Lynch 4 Old Business 5 New Business 6 Adjournment FAYETTEVILLE THE CITY OF FgYETTEVILLE, ARKANSAS TRACI PAUL, CITY CLERK TO: Firemen's Pension Board Members FROM: Traci Paul, City Clerk/Treasurer Th DATE: September 12, 1996 - SUBJECT: Firemen's Pension Board Meeting The next Firemen's Pension Board meeting is Thursday, September 26, 1996, at 11:00 a.m., in room 326 of City Hall. Attached, please find a copy of the agenda for the upcoming meeting, the minutes from the August 19 meeting, and the pension list for October, 1996. Attachments 113 WEST MOUNTAIN 72701 501 5755323 • -• FIREMEN'S RELIEF AND PENSION FUND OCTOBER 1996 TRACI PAUL TREASURER THE FOLLOWING ARE THE OBLIGATIONS OF THE FIREMEN'S RELIEF FUND FOR THE MONTH OF OCTOBER 1996. YOU ARE HEREBY INSTRUCTED TO ISSUE CHECKS TO THE PAYEES, IN THE AMOUNTS SHOWN, AND FOR THE PURPOSE SO STATED. EMP# NAME 43 BAIRD, RICHARD H. 2 BLACKARD, PAUL 63 BOLAIN, ANN 44 BOUDREY, BETTY MRS. 45 BOUDREY, HOWARD 49 BOUDREY, JACK 4 CARL, FLOYD JR 5 CASELMAN, ARTHUR 57 CATE, ROY 6 CHRISTIE, ARNOLD 8 COUNTS, WAYNE 61 DAVIS, BEULAH F. 10 DEARING, EMMA MRS. 11 FARRAR, ALONZO 38 FRALEY JOSEPH G. 33 HARRIS, BILL C. 34 HARRIS, JAMES E. 64 JORDAN, CHARLIE 47 JUDY, DARRELL 37 KING, ARNOLD D. 54 KING, ARVIL 12 LANE, HOPE MRS 13 LAYER, MERLIN 14 LEE, HAROLD 51 LEWIS, CHARLES 60 LEWIS, MARVIE 55 LEWIS, ROGER 40 LOGUE, PAUL D. 50 MASON, LARRY 39 MC ARTHUR, RONALD A. 35 MC CHRISTIAN, DWAYNE 15 MC WHORTER, CHARLES 29 MILLER, DONALD 42 MOORE, JAMES H. 17 MORRIS, WILKIE MRS. 16 MORRIS, WILLIAM H. 62 MORRISON, ELIENE 48 MULLENS, DENNIS W. 58 OSBURN, EDWARD 46 OSBURN, TROY 53 POAGE, LARRY 20 POLLY, GRACE A. MRS. 22 REED, JOE 30 SCHADER, EARVEL 41 SCHADER, TROY 23 SKELTON, BURL L. 24 SKELTON, LEE 56 SKELTON, ROY 36 SPRINGSTON, CARL 25 STOUT, ORVILLE 27 TUNE, MILDRED MRS. 26 TUNE, BILLIE SUE GROSS FED. TAX 916.20 100.00 55.00 55.00 1,266.21 180.00 1,066.66 837.68 287.68 50.00 75.00 909.50 50.00 55.00 377.50 50.00 707.84 953.38 100.00 55.00 55.00 1,192.17 837.68 828.42 100.00 1,131.00 130.00 50.00 417.50 55.00 837.68 439.16 439.17 1,469.38 175.00 829.35 29.35 891 62 100.00 55.00 30.00 885.14 50.00 863.01 125.00 55.00 50.00 65.00 70.00 1,114.11 1,284.63 160.00 965.81 65.81 1,201.98 200.00 50.00 55.00 915.78 783.74 20.00 692.50 42.50 390.00 1,626.02 126.02 609.88 590.36 50.00 70.00 70.00 ST. TAX NET 816.20 55.00 55.00 1,086.21 1,066.66 50.00 500.00 50.00 75.00 909 50 50.00 55.00 377 50 50.00 707.84 10.00 843.38 55.00 55.00 1,192.17 837 68 10.00 718.42 1,001.00 50.00 41750 55.00 837 68 439.16 439.17 20.00 1,274.38 800 00 791 62 25.00 835.14 738.01 55.00 50.00 65.00 70.00 1,114.11 1,124.63 900.00 30.00 971 98 50.00 55.00 915.78 763.74 650.00 390.00 50.00 1,450.00 609.88 540.36 70.00 70.00 28 WATTS, DONALD 59 WATTS, WAYNE 52 WRIGHT, RANDALL 400.00 921.17 877.68 96.17 150.00 400.00 825.00 727 68 31,614.91 2,317.53 170.00 29,127 38 WE, THE UNDERSIGNED, DO SOLEMNLY SWEAR THAT THE ABOVE OBLIGATIONS ARE JUST AND CORRECT; THAT NO PART THEREOF HAS BEEN PREVIOUSLY PAID; THAT THE PENSION PAYMENTS SO CHARGED ARE IN ACCORDANCE WITH THE ACTIONS OF THE BOARD OF TRUSTEES OF THE FIREMEN'S RELIEF AND PENSION FUND; THAT THE SERVICES OR SUPPLIES FURNISHED, AS THE CASE MAY BE, WERE ACTUALLY RENDERED OR FURNISHED; AND THAT THE CHARGES MADE THEREFORE DO NOT EXCEED THE AMOUNT ALLOWED BY LAW OR THE CUSTOMARY CHARGE FOR SIMILAR SERVICES OR SUPPLIES. CHAIRMAN /A D PRESIDENT ACKNOWLEDGEMENT STATE OF ARKANSAS ) COUNTY OF WASHINGTON) )SS • SWORN TO AND SUBSCRIBED BEFORE ME THIS3oMDAY OF Se/o/. , 1996. • O Y PUBLIC bl,y UBLIC MY COMMISSION EXPIRES: ,3 -/ o2do,r • •pMM••f G As 1 - NOTARY %i•:_ °(BL1C :'' iy• : Q. • • FAYETTEVI LLE • THE CITY OF FAYETTEVILLE, ARKANSAS TRACI PAUL, CITY CLERK TO: FROM: DATE: SUBJECT: Bill Morris, Retired Fireman Traci Paul, City Clerk/Treasurer T1 -- September 3, 1996 BENEFIT CORRECTION The Firemen's Pension Board voted at their July 25, 1996 meeting monthly pension benefit to $65 per month. was a calculation error in the amount of your Board took action on the last increase given in their July meeting, the Board determined that to $50 per month for your 20 years of service of the three years you worked over 20. You should be receiving $65 per month and should have been since May of 1995. The increase to $65 will begin with your September pension check. You will also receive a check in the amount of $80 which is back pay for the $5 per month you have not received since May of 1995. If you have any questions, please call me at 575-8323. Thank you and I am sorry for the miscalculation. to increase your Apparently there pension when the May of 1995. At you are entitled plus $5 for each 113 WEST MOUNTAIN 72701 501 575-8323 .R-1;---,91-141 21 0 a o d arMw - -mem, * CD 0 401, o i +5 oE w•m ° °: 0 7 y Cp:� .Pimm mv °CG m °G9emcggS'mm O• r m :5- .O 1 ' OHO �G el^0100.00201416:7'0'Paysit c�0 mW-ci. *<ab am5 cpv mm .-•mP Yy CD CO SD itWm_ W.m°o'r14 c* 0° o a"„CD m0 w w0fly' 03en-0 0re+¢.w.e OO < O mx w'<,O +m b.' tete': < • N 'i7 A. p IA :rein n " en m PO of Cen ., m n . '- ' O . nao w co " m " ;4 '+' g m 0Rmth e. •.i wa.P. 'cla `ta W TnAodIGr m °0 omSwO.0 00 1.4 �,,,.�FL�Ypo <��mp$� oxVrai 04_ 1.1•11 P. g- co co ."a' n S o3 N o 0 m K _ro 22 .$ 0 y •s 5'4 r . St"; a 3 8 e i, p m m m R .<.. �07CPm n. ° wmW 0• m o mY x A^m"mv-< 0 `C cp 4-1 m m ww 04C "gao`< w5"a a:wmw'a•p- a ama,gn m C% C Cv �cra %m ✓�r O dws YO a o w .�• <9 p.-• P w < str ,y.O (11_ ca 0. � m c" 'X m g m O ee ° m 0• m'co'�omG�.w rag a.r a. ay n.o1R,mmma- m B.5 r" r 00 Y Er a es mwm ow n W z V ta SY N co o a w0 •o+ wA r to `t N•� man .s o A Cu la• V N • V 132 U] ,p CO O Y V - 6n Y U im 51 tbe a _ D o"oa'apGg•a92maIS, go.50 ata"mQs n Om:?D Dp 60 pf'+m IP (m] aOmw7m NNm] Et. 0. ¢• 'O w �, y a •4 al om Y rp m m rt e' (p ro Y m cog -- O ", a+ w "n'S e' M m a O1 N < m m .. ym�gF.V� b rotm° m °� dada" a g itt awa'OK w�'=7 rt. w1V<IT G a c.�ti mal E O w W ' "ya< as .7 A •1 O m ° m 0 PA " G. m G"" p, m M etD�I'eT"T!"+Fr �45 3. a emwawED 3 � o CD CD �' O P fV ` W O op G y' w C7 m..r m d m m N O w.P �f o (�O ^ m 0!•ff. L7' .O'1 W �m OD 0 rW G a a -a m'<�Tm O N Him OA a y H m m 2 Y 0 m �' os m la'0 K 0 N o mm94' N.7 m m5'.'al" a. C7 •,.° to ° 1 A. Ip''r�� m 0.m.a co a FAT am P 'J m "s m r n ,,,Y .O o m w 0. m ` CD 4 G et a d o 05 w 141 W ^ •s w .�+m ^ O 2•4.--."50°' p ••� Y m Ri �' O< O �. m i3 �' Y r• w. '!• Oma+ t M m.� O O •s ' C< w. 3< o.'�. N m {0 O m Y w-'! r .d .>-. ct g+, C• N e. m a w m m c .mho m m n ao op A a 1_.m p� ay, o o m g �� Da ❑ o m .m n m w a m Oma-" tom p D° " yws�mCI mW. �p7ob�°,m❑ 90�p�0FE RCOwor�wm�om��e"c •o ac mp.0omo mmp'aapc..-c�i((0 C$"./a'PaC/ 00�bK-m._y mo w0`-<Q0a, Cri:epmo= 582 vee of the hall again ed by him efunded to :payment. ige invest- countant's It shall be adopt from ocal Police stem. statement :o pay the .ate in the v or town. who has a ie required -red in the' {ghter who ;pleted the ve service: his salary:' to pay at partment 0 ;olu. nip tt i h h.. lie), forth; the benefi {t1 ;aid to a refit of th" tr no oth tall be oath and f to and line of th nd pensio .2red by th funds 1921 H Acts 194 relief uslo, 4-11.821 4-11-8190 4-11-80e. §§ 2441 .9. No.l -810. - 1* • •ai 1583. • • POLICE AND FIRE PENSION AND RELIEF FUNDS • • '24-11-818 24-11.817. Credit for compulsory military service. (a) In the event an active member of a firemen's pension and relief fund established under Acts 1921, No. 491 entered or enters the armed forces of the United States during any period of compulsory military service, the armed Service actually required of him shall be credited him as service under this section, but only if he again becomes an employee within a period of one (1) year from and after honorable termination .of the armed service actually re- quired of him, and he returns to the system the amount, if any, he may have withdrawn therefrom, together with regular interest from the date of with- -I Crewel to the date of repayment. • (b) In any case of doubt as to the period of armed service to be so credited, .the board shall have the final power to determine the period. (c) During the period of armed service and until the member's return as an employee, his contributions to the system shall be suspended and any balance not withdrawn shall remain on the books to his credit. . History. Acts 1985, No: 227, § 1; A.S.A. • ferred to in this section, is codified as §§ 24-11- 1947, § 19-2236. 801 — 24-11-807. 24-11-809, 24-11-810, 24 -11 - publisher's Notes. Acts 1921, No. 491, re- 813 — 24-11-815, 24-11-818 — 24-11-821. 24.11-818. Benefits — Voluntary retirement. • (a)(1) As used in this section, unless the context otherwise requires, the `t. term "salary" shall mean recurring pays which are received for the fire ?;I'fighter's regularly scheduled work week and shall not include payments for "it*aioused accrued sickleave or annual leave or the cash value of any nonrecur- ring or unusual remunerations. ‘42.;•;,(2) Any pension fund member who has served in a fire department in the :=$tate of Arkansas for a period of twenty (20) years or more, the last five (5) 'Jeers of which shall have been consecutive, shall be entitled to be retired and teeeive from the fund a monthly pension equal to one-half (t/z) of the salary Pfirlittached to the rank he held as a volunteer, part -paid, or full -paid member. ;4w (b)'Any fire fighter who shall have completed the period of service as pro - e>' /1ded for in this section shall receive from the board a certificate showing that be has completed the term of service required and is entitled to participate in ,dell the benefits provided for in this act upon compliance with, and subject to, 4:•-• ell the other terms and conditions of this act. whether he severs his connec- 4Ions or continues in service at the expiration of the time as set out above The :`_Might to participate in the fund shall become a vested right and shall not be =lost by the'termination of his services with or without cause. '(o) Any full -paid fire fighter who is already retired shall not receive less *;then two hundred fifty dollars ($250) per month. 41)(1)(A) Any full -paid fire fighter who has more than twenty (20) years of •:wits at the time of retirement shall be entitled to receive the sum of •enty dollars ($20.00) per month in addition to his regular retirement pay each full year worked over and above twenty (20) years In no instance ;his he receive more than one hundred dollars ($100) per month in addition regular benefits. ) Any volunteer or part -paid fire fighter who has more than twenty !.. years of service at the time of retirement, shall be entitled to receive the of ten dollars ($10.00) per month in addition to his regular retirement {or each full year worked over and above twenty (20). years. In no shall he receive more than fifty dollars ($50.00) per month in Non to his regular benefits. e increase in benefit levels provided in this subsection for service twenty (20) ye19ars87, shall apply only to those fire fighters who retire on January 1, - ry • • ;.I lit li • • • I • 1 24=11-.819 s c RETIREMENT AND PENS• IONS 15$4 - - (e) A volunteer or part -paid fire fighter who becomes a full:paid member of his fire department shall be eligible to retire as a full -paid member only if he shall have been employed as a full -paid member for a period of at least five (5) years immediately prior to his retirement. ' (0(1) For purposes of this subsection, the term "compensation" shall not • ' include any money -received by the retired fire fighter for replacement of . personal clothing or equipment destroyed during the performance of active c service to a fire department. . • (2) Notwithstanding the provisions of subsection (a) of this section or any "otheriaw to the contrary, a personretired from service of a fire department ..may remain actively involved in the fire department provided the person does a . not receive compensation .for the service provided. (3) Service to a fire department under subsection (0(2) of this section shall 'Ti not cause any suspension of retirement benefits payable under § 24-11-801 et '• -seq., nor shall such service be interpreted by any board administering funds under § 24-11-801 et seq., as a reinstatement of employment in a fire depart. ment. . a, History. Acts 1921, No. 491, § 4; Pope's • Amendments. The 1989 amendment added Ng., § 7740; Acts 1943, No. •167; § 2; 1953, (0. ' • " No. 68. § 1; 1955. No. 77, § 1; 1957, No. 265, • Meaning of "this act." See note, b § 24-11-801. 1 r, 6 t ?;l • § 1; 1967, No. 233, § 1; 1983, No. 611, § 1; .A.S.A. 1947, § 19-2204; Acts 1987, No. 389, § 1; 1987, No. 396..§ 1; 1987. No. 797, § '1; 1989, No. 182. §§ 1-3. - - * ANALYSIS • CASE NOTES • Ex -fireman held to have delayed pe • claim too long to be allowed to collaterally, t Certificate. `tack the city and'. fire departmentrernrda; `Sick leave. 4' rna certificate made to the state, by oral • • Certificate'r • , • • •mony contradictory thereof. Firemen's Reli Certificates on file with state agency show- 'Pension Fund v. Rittman,`198 Ark. 580,1, • ing service of fireman import verity unless re-. S.w 2d 595 (1939). .. 1' formed and corrected by a suit in equity for g fraud -or demonstrable mistake in execution, • Sick Leave. ... I - and this must be by direct attack in an Inde- •., The word "salary, as used in this pendent action wherein all necessary parties,, does not include payment for unused al are before the court. Board of Trustees Fire- a.. fated sick leave. Combs v. Cheek, 283 A men's Relief & Pension Fund v. Buerkle, 193,.• 671 S.W.2d 177 (1984). Ark. 157, 97 S.N.2d 914 (1936). ` " - ' ' 24-11.819. Benefits — Disability retirement. • (al(1) Any fire fighter who becomes totally and permanently physical mentally incapacitated for any suitable duty as an employee as a re personal injury or disease may be retired by the board, upon written app tion filed by �r on behalf of the member, if, after medical examination o member made by or under the direction of a physician designated.': board, the physician reports in writing that the member is physically o tally totally incapacitated for the further performance' of any suitabl that the incapacity - will probably be permanent, and that the fire. should be retired.i, ,,,„__ . ' (2) The benefit `amount shall be: • . (A), If the disabling injury or disease occurred while not actually ing work in gainful employment for the fire department, the mon fit shall be equal to the • benefit paid to normal service reti . (B)(i) For a.full-paid fire fighter who is injured in the Zine 4 inonthly disability benefit shall either` be equal. to sixty=five pe. •• of the salary attached to the rank held by the member In the' it t • 1 I I'Se rt. • I wh pa:. -am firs ` fgi,. i:`, the (; cea I'Bela i. (6 ' (11 n: • n til 11. ;(c' SI tit MIKE HUCKABEE GOVERNOR TO: COPY STATE OF ARKANSAS OFFICE OF EMERGENCY SERVICES P.O. BOX 758 CONWAY, ARKANSAS 72033 (501) 329-5601 / 374.1201 FAX (50 Ms. Traci Paul, Tr surer City of Fayette le, Washington County FROM: Office of " ire Services DATE: Au a. st 30, 1996 SUBJECT: surance Premium Funds JOE DILLARD DIRECTOR Act 833 of 991, provided insurance premiu turn back funds to fire departments and enclosed is the following check: $ 7,318.94 Fayette lle Fire Dept. • I am pleased that you are participatin in this program and I k PO w this money wi make Arkansas a safer place in which to live. These funds are subject to audit d are to be used in cordance with Act 8 of 1991. Please sign this receipt, retai a copy for your ' les and return the ori=incl to this office. Office o ire Services Office of. mergency Services • Attachment .O. Box 758 onway, AR 72033 Fire Department's Authorized Representative Date AN EQUAL OPPORTUNITY EMPLOYER •