HomeMy WebLinkAbout1999-08-26 Minutes•
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MINUTES OF A MEETING
OF THE
FAYETTEVILLE FIRE PENSION AND RELIEF FUND
AUGUST 26, 1999
A meeting of the Fayetteville Fire Pension and Relief Fund was held on August 26, 1999 at
11:00 a.m. in Room 326 of the City Administration Building located at 113 West Mountain
Street, Fayetteville, Arkansas.
PRESENT: Mayor Hanna, Ron Wood, Darrell Judy, Pete Reagan, Marion Doss, and Heather
Woodruff.
ABSENT: John Dill.
APPROVAL OF THE MINUTES
Mr. Doss asked that Mr. Dill be noted as absent at the last meeting. Mr. Reagan moved to
approve the minutes with the correction. Mr. Judy seconded the motion. Upon roll call the
motion carried unanimously.
PENSION LIST
Ms. Woodruff stated corrections needed to be made to the list. Mr. Bonaduce had withdrawn
from the Drop. He had cashed out of the drop plan. He would need to be added to the retired
list. In addition the amount would have to be changed on Eddie Bachman and Ronnie Wood
Mr. Doss noted Eddie Bachman and Ronnie Wood had been switched several times. He asked to
get a total for each account to make sure the right amount was going to the correct account.
Mr. Reagan moved to approve the pension list with the corrections. Mr. Wood seconded the
motion. Upon roll call the motion carried unanimously.
INVESTMENT REPORT
Mr. Reagan noted they were still down. Ashland was doing the best of all the funds. He noted
they were strictly stock. During their last meeting they had discussed increasing their portfolio
on the equity side because bonds were not doing that well. They were scheduled to have a
meeting with the Ashland managers next month. He asked if anyone had a problem meeting in
the evening.
There was a general consensus that late afternoon or early evening would be best.
Meeting adjourned at 11:20 a.m.