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Home My WebLink About1998-12-03 - Agendas - Final• EIRE PENSION AGENDA December 3, 1998 11:00 a.m. City Administration Building, Room 326 S 1. Approval of the minutes 2. Approval of the Pension List 3. Old Business a. Legalities of sending people to conventions. 4. Investment Report 5. New Business • • • • i MINUTES OF A MEETING 1 FIRE PENSION A meeting of the Fayetteville Fire Pension and Relief Board was held on October 29, 1998, at 11:00 a.m. in the City Administration Building Room 326. PRESENT: Marion Doss, Darrell Judy, Bill Morris, Pete Reagan, Richard Yada and Mary Dreudhal ABSENT: Mayor Fred Hanna, Ron Wood, and Heather Woodruff MINUTES Marion Doss moved to approve the minutes of the September 24, 1998 meeting. Darrell Judy seconded the motion. Upon roll call the motion carried unanimously. PENSION LIST Marion Doss moved to approve the Pension List. Bill Morris seconded the motion. Upon roll call the motion carried unanimously. SKELTON VS SKELTON CASE A copy of the Chancery Court of Washington County Qualified Domestic Relations Order (No. E98-804) was distributed to Board members by Mr. Doss. The Order awarded a percentage of Roy Allen Skelton's pension income to Kathy Diane Skelton. Following review of the Order, Board members felt it was a clear-cut decision by the court and required no further action on the part of this Board. OLD BUSINESS Review of assets to be managed and investment report: Mr. Richard Yada introduced Barbara Sawrie, Merrill -Lynch representative from Little Rock. Mr. Yada reported that portfolio gains have been modest; the market is projected to be challenging for the next 6-12 months, and caution will continue to be exercised in selecting investments. A summary account of the Fire Department Pension and Relief Fund Portfolio Performance 12/31/97 to 9/30/98 was distributed. NEW BUSINESS Approval to Pay NCPERS Annual Dues - Board members discussed whether or not to pay the Annual Dues (1/1/99-12/31/99) to the National Conference on Public Employee Retirement Benefits (NCPERS). Marion Doss made a motion to approve payment of the dues. The motion was seconded by Darrell Judy. Upon roll call the motion carried unanimously. Pete Reagan stated that the next annual Conference & Exhibition of NCPERS is scheduled for May 9-14, 1999 in Atlanta, Georgia 1 [e felt that someone from the Board should attend. He volunteered to attend if the Board wanted him to. Darrell Judy made a motion to send Mr. Reagan to the meeting to represent tlac Board. Bill Morris seconded the motion. Upon roll call the motion carried unanimously Marion Doss commented that a retiree had questioned the legality of using pension funds to send people to conventions. He stated that he would check with the City Attorney, Jerry Rose, for an opinion on this. There was a'discussion about whether or not Heather Woodruff should routinely sign certain documents. Richard Yada was asked for an opinion as to whether or he wanted to review changes before Heather signs. \ tarion Doss stated that the document would be executed on the advice of Merrill Lynch, and theref;re could be approved with no additional review. Motion was made by Reagan and seconded by Doss to sign without further review. The motion was followed by a recommendation by Barbara Saw:Le of Merrill Lynch to have Richard Yada review the issue at an upcoming meeting with Merrill Lynch before the final decision about signatures was made. There was general agreement to do this, but no formal motion was made. Pete Reagan moved to adjourn tIte meeting at '11:20 a.m. The motion was seconded by Marion Doss. Mr. Yada commented that the next meeting of thisBoard was scheduled for Thanksgiving Day and would need to be rescheduled. The December meeting also fell near the Christmas Holidays. Itwas agreed to combine those two meetings and the combined meeting was scheduled for December '3rd, 1998 at 11:00 a.ni. in the City Administration Building, Room 326. The meeting:informally adjourned at 1 l :30 a.m. • • ti FIREMEN'S RELIEF AND PENSION FUND DECEMBER 1998 •THE FOLLOWING ARE THE OBLIGATIONS OF THE FIREMEN'S RELIEF FUND FOR THE MONTH OF DECEMBER 1998. YOU ARE HEREBY INSTRUCTED TO ISSUE CHECKS TO 11 -IE PAYEES, IN THE AMOUNTS SHOWN, AND FOR THE PURPOSE SO STATED. DATE OF EMP# RETIREMENT 43 2 63 44 45 49 4 5 57 6 8 61 10 11 38 33 34 64 47 •37 54 12 13 14 51 60 55 40 50 39 35 15 29 42 17 16 62 48 58 46 53 20 22 30 41 • 23 67 66 56 36 3/86 3/75 5/72 9/86 9/86 7/88 6/67 5/72 5/90 4/68 10/76 6/66 2/66 2/76 5/84 5/80 6/79 4/95 5/88 3/84 5/89 3/60 10/67 7/74 10/88 12/89 12/89 9/85 9/88 4/85 2/82 4/77 8/81 2/86 2/66 4/64 10/68 7/88 9/90 5/88 2/89 12/52 4/73 3/81 9/85 4/71 10/98 8/98 2/90 5/76 NAME BAIRD, RICHARD H. BLACKARD, PAUL BOLAIN, ANN BOUDREY, BETTY MRS. BOUDREY, HOWARD BOUDREY, JACK CARL, FLOYD JR CASELMAN, ARTHUR CATE, ROY CHRISTIE, ARNOLD COUNTS, WAYNE DAVIS, BEULAH F. DEARING, EMMA MRS. FARRAR, ALONZO FRALEY, JOSEPH G. HARRIS, BILL C. HARRIS, JAMES E. JORDAN, CHARLIE JUDY, DARRELL KING, ARNOLD D. KING, ARVIL LANE, HOPE MRS LAYER, MERLIN LEE, HAROLD LEWIS, CHARLES LEWIS, MARVIE LEWIS, ROGER LOGUE, PAUL D. MASON, LARRY MC ARTHUR, RONALD A. MC CHRISTIAN, DWAYNE MC WHORTER, CHARLES MILLER, DONALD MOORE, JAMES H. MORRIS, WILKIE MRS. MORRIS, WILLIAM H. MORRISON, ELIENE MULLENS DENNIS W. OSBURN, EDWARD OSBURN, TROY POAGE, LARRY POLLY, GRACE A. MRS. REED, JOE SCHADER, EARVEL SCHADER, TROY SKELTON, BURL L. SKELTON, KATHY SKELTON, PAULINE SKELTON, ROY SPRINGSTON, CARL GROSS FED. TAX ST. TAX NET 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 1,088.98 570.91 570.92 50.00 1,902.69 200.00 1,078.16 78.16 1,159.11 100.00 55.00 30.00 886.19 80.00 863.01 125.00 55.00 55.00 70.00 80.00 1,448.31 1546.01 160.00 1,255.55 65.81 1556.57 210.00 55.00 55.00 923.01 1,007.92 57.00 692.50 42.50 41780 390.00 1,208.22 210.00 609.88 50.00 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 1,088.98 570.91 10.00 510.92 25.00 1,677.69 1,000.00 1,059.11 25.00 806.19 738.01 55.00 55.00 70.00 80.00 1,448.31 1,486.01 1,18974 60.00 1,286.57 55.00 55.00 923.01 950.92 650.00 417.80 390.00 63 40 934.82 9.88 550.00 f1, • • 25 2/75 STOUT, ORVILLE 27 3/71 TUNE, MILDRED MRS. 26 3/66 TUNE, BILLIE SUE 28 7/68 WATTS, DONALD 59 5/91 WATTS, WAYNE 52 9/88 WRIGHT, RANDALL DROP EMPLOYEES JOHNSON, ROBERT MILLER, KENNETH WARFORD, THOMAS BONADUCE, MICHAEL DILL, GARY GAGE, TOMMY FREEDLE LARRY 590.36 50.00 80 00 80.00 400.00 1,191.51 96.17 1,128.98 150.00 540.36 80.00 80.00 400.00 1,095.34 978.98 37,713.20 2,652.32 238.28 34 822.60 2,042.47 2,129.57 1,659.70 1,975.38 2,396.21 1,716.25 2,550.40 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 EXCEED THE AMOUNT ALLOWED BY LAW OR THE CUSTOMARY CHARGE FOR SIMILAR SERVICES OR SUPPLIES. 11, RETARYAA) CHAIRMAN ND PRESIDENT ACKNOWLEDGEMENT STATE OF ARKANSAS ) COUNTY OF WASHINGTON) )SS SWORN TO AND SUBSCRIBED BEFORE ME THIS,Z3DAY OF -De. (' , 1998. O1•ARY PUBLIC MY COMMISSION EXPIRES 0/711 "d 0 • 0 ° -`7TARyte ti :H %y •, PUBLIC J : �N„00U"N.t.J'