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Home My WebLink About1997-03-18 - Agendas - FinalFAYETTEVILLE THE CITU OF FAYETTEVILLE, ARKANSAS TRACI PAUL, CITY CLERK •' TO: Firemen's Pension Board Members _ FROM: Traci Paul, City Clerk/Treasurer Tp DATE: March 18, 1997 SUBJECT: Firemen's Pension Board Meeting The next Firemen's Pension Board meeting is Thursday, March 27, 1997, at 11:00 a.m., in room 326 of City Hall. Attached, please find a copy of the agenda for the upcoming meeting and the minutes from the February 27 meeting. As of today, the pension list for April, 1997, has not been released by the Accounting Division. It will be distributed at the meeting. Attachments 113 WEST MOUNTAIN 72701 501 5754323 AGENDA FIREMEN'S PENSION AND RELIEF BOARD March 27,_1997 11:00 a.m. City Hall Room 326 1. Approval of the minutes of February 27, 1997. 2. Approval of Pension List for April, 1997. 3. Discussion regarding DROP - Marilyn Cramer • 4. Investment Report, Merrill Lynch 5. Old Business 6. New Business 7. 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, February 27, 1997, at 11:00 a.m., in room 326, of the City Administration Building, 113 W. Mountain, Fayetteville, Arkansas. PRESENT: ABSENT: Pete Reagan, Marion Doss, Ron Wood, Darrell Judy, Howard Boudrey, and City Clerk/Treasurer Traci Paul Mayor Fred Hanna CALL TO ORDER Pete Reagan called the meeting to order. MINUTES Doss, seconded by Boudrey, moved to approve the minutes of the January 30, 1997 meeting. The motion passed unanimously. PENSION LIST Paul stated there are no changes on the March pension list. Accounting will send out regular checks on March 15 and supplemental checks to cover back pay to January 1, 1997 at the end of March. April pension checks will include the benefit increase. In answer to a question from Reagan, Paul stated both Marilyn Cramer and Richard Yada are on the list to receive minutes of Fire Pension Board meetings. Boudrey, seconded by Doss, moved to approve the March pension list. The motion passed unanimously. INVESTMENT REPORT Richard Yada, Merrill Lynch, distributed copies of the portfolio performance from December 31, 1996 to January 31, 1997. Yada stated there are not many changes from the year-end report. New Mexico is up a little. The decision to go with a growth manager with Keystone continues to pay off. At the end of 1996, Keystone was up almost 1896. So far this month, Keystone is up 5% as compared to New Mexico's 1%. Yada reviewed the figures in the performance report. 1 • February 27, 1997 Yada stated as long as the market keeps going, the stock funds should continue to do well. Interest rates may go up to get the stock market down. The economy will continue to grow slow. If the economy slows, they can't raise interest rates. If the economy slows down, the bond portfolio should pick up. If the feds lower rates it will help both bonds and stocks. Yada explained he would need to review benefit increase on the portfolio. Yada mentioned the possibility of Andrew seminar. the effects of the latest Baldassarre giving another In answer to a question from Reagan regarding the foreign stock market, Yada stated the Dow is doing excellent. We have the Dow, United Kingdom, Hong Kong and Japan. The United Kingdom has been down but has started to move up. Hong Kong is up a little. Hong Kong will probably be the next big move. Japan is killing us. We are basically even because the Japan index has lost everything that Hong Kong, Japan and Dow have done. Japan is pretty close to the bottom and should start moving up. Reagan asked if the asset allocation needed to be changed due to the benefit increase. • Yada stated there will not be any major changes because of the increase. OLD BUSINESS • Pension Affidavits Judy stated he spoke with Floyd Carl about his pension affidavit. He explained that he and Paul are taking care of the situation. In answer to a question from Reagan, Paul stated the only affidavit that is still out is Floyd Carl. Everyone else has turned theirs in. Roger and Marvie Lewis In answer to a question from Doss, Reagan explained that Roger Lewis asked him to visit with Jerry Rose. Reagan stated Jerry Rose has given his opinion of the situation through a letter that will be filed with the minutes. Rose suggested that Roger Lewis seek legal counsel and that the City continue to divide the amount paid. • 2 • • • February 27, 1997 Reagan explained that he visited with another attorney who stated it would take some time to review some court cases and make a determination. The case would have to go before Judge Butt for clarification. Reagan recommended that Roger Lewis' benefit increase be held until the situation has been resolved. Boudrey, seconded by Wood, made a motion to hold Roger Lewis' benefit increase until the Judge advises the Board on how to pay out the increase. The motion passed unanimously. Pension Review Board / Benefit Increase Reagan stated he attended a Pension Review Board meeting on February 13, 1997 in Little Rock. The benefit increase was adopted unanimously. A copy of the minutes of the meeting will be forwarded to the Board. Pension Review Board / Insurance Turnback Delay Reagan stated he presented four letters to the Board asking that we receive our loss of interest earnings in the amount of $2,763.74 for the 89 day delay in receiving the insurance turnback check. The Pension Review Board did not feel the delay was 89 days. We received our check 89 days after the July 11 meeting but they say the checks actually went out August 14. Reagan asked Paul to research the date the City received the Police turnback check. Reagan stated they asked for an attorney general's opinion as to whose fault it was. Cathyrn Hinshaw wrote a synopsis of the problems that we had. In her synopsis she states that after the July 11 meeting she picked up the phone and called the insurance commissioner's office and told them to go ahead and release Fayetteville's funds. There is no paper trail to back that up Now it is down to whether the insurance commissioner's office is going to pay the difference or whether PRB is. This issue may have to go through the State Claims Commission. Reagan stated he asked for a copy of the letter requesting the Attorney General's opinion but has not received it yet. • • • NEW BUSINESS February 27, 1997 DROP Plan Discussion Reagan stated Accounting Manager Marilyn Cramer has asked to be placed on the agenda for the next meeting. In answer to a question from Paul, Reagan stated Marilyn has some questions regarding DROP interest. Reagan stated the Board needs to take action on the people that are signed up on DROP now. Fifteen percent of their pay increases will need to go into DROP. They may need to sign a new form for the 65%. We could probably make the changes and send it to them. They can initial the change and send the forms back. As far as the interest rate that they receive on the account it is my understanding that the actuary has to determine the rate of return as presented by the auditor. That should happen some time in June or July. Doss distributed a letter from Osborn, Carreiro & Associates, Inc. dated December 20, 1996. Doss stated no one was on the plan in 1995. He expressed his concern about the delay in sending the letter out. Reagan stated simple interest should be credited to individual DROP account balances of the member on an annual basis based upon an average annual balance computed on the date the member began participation. Said account shall earn interest at a rate of two percentage points below the regular return of investment of the portfolio of the fund but no less than the actuarial assumed interest rate as certified by the actuary for the fund. Reagan stated Marilyn needs some clarification on that and how it needs to be done. Yada asked if the Board had a letter from the actuary regarding what everything looks like after the increase. Board members explained that they did not have one. Reagan explained he only had a letter from Cathyrn Hinshaw. In answer to a question from Reagan, Doss stated he had a copy of a letter from Osborn, Carreiro & Associates, Inc. and a copy of a letter from Cathyrn Hinshaw dated December 10. There being no further business, the meeting adjourned at 11:35. 4 .FAL DEPARTMENT WY ATTORNEY DIVISION Jerry E. Rose LaGayle D. McCarty 575-8313 DEPARTMENTAL CORRESPONDENCE TO: FROM: DATE: RE: Pete Reagan Jerry E. Rose, City°Attorney February 21, 1997 Len .R -C' LN. ewrs7 Fire- Pension/Divorce" At youi?requesy have examined the divorce decree under whose authority Vie city currently sends half of 7. Lewis' "fire pension to his ex=wife, Marvie.Lewis. The divorce/decree is silent as to whether o not the for,ner Mrs. -Lewis is Aentitled to half of the pension amount at the time of the divorce or half of the. pension amount:as it may be increased from time/to time. I would*.suggest that Mr. Lewis seek legal counsel shoul `he desire to ask the court to clear -this -matter -up SIn the meantime, I would -recommend the city continue to simply divide the amount. If I may provide you with anything, further, just" -let me know. /cbp FIREMEN'S RELIEF AND PENSION FUND APRIL 1997 TRACI PAUL TREASURER • THE FOLLOWING ARE THE OBLIGATIONS OF THE FIREMEN'S RELIEF FUND FOR THE MONTH OF MARCH 1997. 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 1,191.06 100.00 55.00 55.00 1,641.57 180 00 1,383.66 1,088.98 287.68 55.00 75.00 1,182.35 55.00 55.00 377.50 55.00 707.84 1,171 39 100.00 55.00 55.00 1,525.81 1,088.98 1,008.97 100.00 1,131.00 130.00 55.00 41750 55.00 1,088.98 439.16 439.17 1,902.69 175.00 1,078.16 29 35 1,159.11 100.00 55.00 30.00 886.19 50.00 863.01 125.00 55.00 55.00 65.00 70.00 1,448.31 1,646.01 160.00 1,255.55 65.81 1,556.57 200.00 55.00 55.00 923.01 1,00792 20.00 692.50 42.50 390.00 1,626.02 126.02 609.88 50.00 590 36 50.00 70.00 70.00 ST. TAX . NET 1,091.06 55.00 55.00 1,461.57 1,383.66 50.00 751 30 55.00 75.00 1,182.35 55.00 55.00 377.50 55.00 707.84 10.00 1,061.39 55.00 55.00 1,525.81 1,088.98 10.00 898.97 1,001.00 55.00 417.50 55 00 1,088.98 439.16 439.17 20.00 1,707.69 1,048.81 1,059.11 25.00 836.19 738.01 55.00 55.00 65.00 70.00 1,448.31 1,486.01 1,189.74 30.00 1,326.57 55 00 55.00 923.01 987.92 650.00 390.00 50.00 1,450.00 9.88 550.00 540.36 70.00 70.00 28 WATTS, DONALD 59 WATTS, WAYNE 52 WRIGHT, RANDALL 400.00 1,191.51 1,128.98 96.17 150.00 400.00 1,095.34 978.98 37,414.70 2,367.53 179.88 34,867.29 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. � on; iQt SECRETARY CHAIRMAN s 1D PRESIDENT ACKNOWLEDGEMENT STATE OF ARKANSAS ) COUNTY OF WASHINGTON) )SS SWORN TO AND SUBSCRIBED BEFORE ME THIS9/X DAY OF fist,'/ 11997. TAFlPUBLIC OY MY COMMISSION EXPIRES: ? • • •. FIREMEN'S RELIEF AND PENSION FUND MARCH SUPPLEMENT TRACI PAUL TREASURER THE FOLLOWING ARE THE OBLIGATIONS OF THE FIREMEN'S RELIEF FUND FOR THE MONTH OF MARCH 1997. 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. 44 BOUDREY, BETTY MRS. 45 BOUDREY, HOWARD 49 BOUDREY, JACK 4 CARL, FLOYD JR 57 CATE, ROY 6 CHRISTIE, ARNOLD 10 DEARING, EMMA MRS. 38 FRALEY JOSEPH G. 64 JORDAN, CHARLIE 47 JUDY, DARRELL 37 KING, ARNOLD D. 12 LANE, HOPE MRS 51 LEWIS, CHARLES 40 LOGUE, PAUL D. 50 MASON, LARRY 39 MC ARTHUR, RONALD A. 15 MC WHORTER, CHARLES 17 MORRIS, WILKIE MRS. 48 MULLENS, DENNIS W. 58 OSBURN, EDWARD 46 OSBURN, TROY 53 POAGE, LARRY 20 POLLY, GRACE A. MRS. 30 SCHADER, EARVEL 41 SCHADER, TROY 59 WATTS, WAYNE 52 WRIGHT, RANDALL GROSS FED. TAX ST. TAX NET 824.58 1,126.09 950.99 753.91 15.00 818.55 15.00 15.00 654.02 1,000.93 753.91 541.64 15.00 753.91 1,299.92 746.41 802.46 3.15 15.00 1,002.60 1,064.15 869.23 1,063.78 15.00 21.70 672.53 811.03 753.91 17,399.40 0.00 0.00 824 58 1,126.09 950.99 753.91 15.00 818.55 15.00 15.00 654.02 1,000.93 753.91 541.64 15.00 753.91 1,299.92 746.41 802.46 3.15 15.00 1,002.60 1,084.15 869.23 1,063.78 15.00 21.70 672.53 811.03 753.91 17, 399.40 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 EXC ED THE AMOUNT ALLOWED BY LAW OR 11-1 CUSTOMARY CHARGE FOR SIMILAR SE- d ICES OR SUPP ES. /I1 S CRETARY CHAIRMAN A RESID NT ACKNOWLEDGEMENT STATE OF ARKANSAS ) COUNTY OF WASHINGTON) )SS SWORN TO AND SUBSCRIBED BEFORE ME THIS 96( DAY OF 79 /'I , 1997. NO Y PUBLIC / , • MY COMMISSION EXPIRES:.3 --/-07003' ‘ o111101ffffff • `�C• OMMIfest•• 4;. • •%. PuatiC s' 3. J,'• , 200?.V PQ``�: ‘10TARy e•1 • `FIREMEN'S RELIEF AND PENSION FUND • APRIL 1997 TRACI PAUL TREASURER • THE FOLLOWING ARE THE OBLIGATIONS OF THE FIREMEN'S RELIEF FUND FOR THE MONTH OF MARCH 1997..,YOU ARE HEREBY INSTRUCTED TO ISSUE CHECKS TO THE PAYEES, IN THE AMOUNTS SHOWN, AND FOR THE PURPOSE SO STATED. • .00 EMP# NAME 1 1 • J t 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 1,191.06 100.00 55.00 55.00 1,641.57 180.00 1,383.66 1,088.98 287.68 55.00 75.00 1,182.35 55.00 55.00 377.50 55.00 707.84 1,171.39 100.00 55.00 55.00 1,525.81 1,088.98 1,008.97 100.00 1,131.00 130.00 55.00 41750 55.00 1,088.98 439.16 439.17 1,902.69 175.00 1,078.16 29.35 1,159.11 100.00 55.00 30.00 886.19 50.00 863.01 125.00 • 55.00 55.00 65.00 70.00 1,448.31 1,646.01 160.00 1,255.55 65.81 1,556.57 200.00 55.00 55.00 923.01 1,007.92 20.00 692.50 42.50 390.00 1,626.02 126.02 609.88 50.00 590 36 50.00 70.00 70.00 ST. TAX NET 1,091.06 55.00 55.00 1,461.57 1,383.66 50.00 751.30 55.00 75.00 1;182.35 55.00 55.00 377.50 55.00 707.84 10.00 1,061.39 55.00 55.00 . 1,525.81 1,088.98 10.00 898.97 1,001.00 55.00 417.50 55.00 1,088.98 439.16 439.17 20.00 1,707.69 1,048.81 1,059.11 25.00 836.19 738.01 55.00 55.00 65.00 70.00 1,448.31 1,486.01 1,189.74 30.00 1,326.57 55.00 55.00 923.01 987.92 650.00 390.00 1,450.00 550.00 540.36 70.00 70.00 50.00 9 88 7 4 28 WATTS, DONALD 59 WATTS, WAYNE 52 WRIGHT, RANDALL 400.00 1,191.51 1,128.98 96.17 150.00 400.00 1,095,34 978.98 37,414.70 2,367.53 .179.88 34,867.29 DROP EMPLOYEES JOHNSON, ROBERT 2,042.47 MILLER, KENNETH 2,129.57 WARFORD, THOMAS 1,659.70 1 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. /faCci Q/1/ SECRETARY CHAIRMAN AND ACKNOWLEDGEMENT • STATE OF ARKANSAS ) COUNTY OF WASHINGTON) )SS SWORN TO AND SUBSCRIBED BEFORE ME THIISVJ, DAY OF lard , 1997. NOT Y PUBL 1PUBLIC .94/ JJ��XAL MY COMMISSION EXPIRES: 3 - ,• MAK' IL N1 CleAME)C'S QUESTION'S Fp13 3.27 <j7 1. When interest will be credited to individual DROP accounts: Suggest: once a year as of December 31 Formula for the computation of interest on DROP accounts: Suggest: (beginning balance + ending balance) x interest rate x # of months 2 12 3. Clarification on computation of interest for year of distribution of DROP account: Suggest: no interest credited for the year of distribution 4. Clarification of Article V section 5.01 (b): Will the employer contribution to the individual DROP account increase if the employee's salary increases during the DROP period? 5. Request for written notification to remit increased benefits to Roger and/or Marvie Lewis. FAQ ETT VI LLE THE CIN OF FAVETTEVILLE. ARKANSAS i DEPARTMENTAL CORRESPONDENCE 12EkJC BATE TO FIRE I'EkISIoNI 0Ak12 AT THEIk' MAk2CH 27 MEc nNG To: Mayor Fred Hanna and Police Pension Board memb From: Ben Mayes, Administra ve Services Director Subject: State Insurance T nback Date: August 22, 19 The ived 09,999.13 in State Insurance Turnback funds on The funds were divided between the Policemen's Re ief Fund and LOPFI as follows.: Au•ust 19, 1996 Pension an• Plan participants: Policemen's Pension and Relief Fund LOPFI Total participants Funds received $309,999.13 divided by 112 = $2,767.8493 Policemen's Pension and Relief Fund $2,767.8493 x 59=$163,303.11 LOPFI $2,767.8493 x 53=$146,696.02 Total $309,999.13 The Policemen's Pension and Relief Fund portion of the funds are currently invested with the regular City investments. A cash flow projection indicates a balance of approximately $155,000.00 will be available for transfer to a money manager in October at the Pension Board's direction. Active Retired Total 15 44 59 53 53 112 We will discuss this at the October •18, 1996, Pension Board meeting. FAYETTEVILLE THE CITY OF FAYETTEVILLE, ARKANSAS TRACT PAUL, CITU CLERK TO: Fire Pension Retirees FROM: Traci Paul, City Clerk/Treasurer 7P DATE: March 6, 1997 SUBJECT: BENEFIT INCREASE Please be advised that the Firemen's Pension and Relief Board of Trustees voted at their July 25, 1997 meeting to increase benefits paid to certain retired firefighters. Benefits paid to present and future retired, full time, firefighters or their surviving spouses shall be increased to 65% of the firefighters final base salary on their date of retirement The minimum benefit for volunteer firefighter shall be raised to $55.00 for 20 years of service. Widows benefits shall ,be increased for volunteer firefighters the same as their spouses benefits. These increases have been through the final approval stage and will be in effect as of January 1, 1997. All mcreases will be included in the April pension checks. The City will send a supplemental check in the end of March which will cover any increase you would have received from January, 1997 through March, 1997. If you have any questions, please feel free to call me or any other Fire Pension Board member. My phone number is 575-8323. 113 WEST MOUNTAIN 72701 501 575-8323 O rt II I1 II O rZ o So O (D 7 ID -I r mos 6C ID Ka 0 0 Q ‘ -w � N c lelol ienuuy r 2 r 2 o3"" C =0ggggrOCE CID ry J m p a000 rwo cuj A N =i0)`< C co 3. Tha Erna aa ME -w;< a ccc_ N N N Q Q QO. ��D m==0,0 m 2 J v y w o �, 0, 0 0 3. (p J- O N Q N R w w w D, Q o w .O a W 0. 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