HomeMy WebLinkAbout2002-01-31 - Agendas - Final•
FIREMEN'S PENSION AND RELIEF FUND BOARD
AGENDA
JANUARY 31, 2002
A meeting of the Fayetteville Firemen's Pension and Relief Fund Board will be held on January
31, 2002, at 11:00 a.m. in Room 326 of the City Administration Building located at 113 West
Mountain Street, Fayetteville, Arkansas.
1. Approval of the minutes
2. Approval of the pension list.
3. Retirement of Tommy Gage
4. Budget Adjustment
5. Investment Report
6. Other Business
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MINUTES OF A MEETING
OF THE
FIREMEN'S PENSION AND RELIEF FUND BOARD
A meeting of the Firemen's Pension and Relief Fund Board was held on December 27, 2001, at
11:00 a.m. in Room 326 of the City Administration Building located at 113 West Mountain
Street, Fayetteville, Arkansas.
PRESENT. Marion Doss, Robert Johnson, Danny Farrar, Pete Reagan, Ronnie Wood, Heather
Woodruff, and Kit Williams.
MINUTES
Mr. Reagan moved to approve the minutes. Mr. Farrar seconded. The motion carried
unanimously.
PENSION LIST
Ms. Woodruff stated there was a notation that Ronnie Wood was going to be retiring January 4,
2002. He will not be included on January's pension list, but he will be included on February's
list.
Mr. Williams stated he had given the board members a memo explaining the ruling the judge had
given on the Skelton case. The judge affirmed their decision that the ex-wife was not entitled to
• benefits and that they ended with Roy's death. They will continue to pay the two girls. They did
have thirty days to appeal. He did not believe they would, but they might.
Mr. Reagan moved to approve the pension list. Mr. Johnson seconded. The motion carried
unanimously.
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INVESTMENT REPORT
Mr. Richard Yada, Merrill Lynch, presented their investment report as of the end of November.
The stock market was up and the bond market was up. Since then, the market was up a little and
the bond market was down. Interest rates have gone up a little, when that happened the bond
prices would go down. During the last two years the bond prices have gone up, which have
helped their fixed income account. Now, they were going to see that part decrease and hopefully
the stock market would be going up. CD's and Treasuries were paying about 2% nght now.
There were record sells in the car market this year. He did not see how that could continue. The
technology was going to have to lead the way, and they were a long way from doing that. They
were being very cautious right now. The Merrill Lynch Private Portfolio Group was at 2.23
million, they were down 13.88% for the year. Mercury Group was down 19.85% for the year,
they were at 1.62 million. The Income Account was at 5.5 million, which was up 6 16%.
Ashland 1.985 million was down 15.34%. Overall the Income Account was down $90,000,
which included the transfers. The Stock Account was down $25,000. Compared to the Dow
Jones which was down 7.24%. The S&P500 was down 12.66%. The NASDQ was down
21.86%. Long Term Treasuries were up 5.9%. Mercury Group was down 19.85% they should
be closer to the S&P500. They were under preforming. They had them on watch. They would
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have a recommendation coming shortly. The Income Account was up 6% which was close to the
long term treasury. Ashland was down 15.34%. They were up 31% for the month of December.
They were making a come back.
Meeting adjourned at 11:25 a.m.
1
FIREMEN'S RELIEF AND PENSION FUND
JANUARY, 2002
SHE FOLLOWING ARE THE OBLIGATIONS OF THE FIREMEN'S RELIEF FUND FOR THE
ONTH OF JANUARY , 2002. YOU ARE HEREBY INSTRUCTED TO ISSUE CHECKS TO THE
PAYEES, IN THE AMOUNTS SHOWN, AND FOR THE PURPOSE SO STATED.
•
DATE OF
EMP# RETIREMENT NAME GROSS FED. TAX ST. TAX NET
79 11/99 ARMSTRONG (DILL), PAMELA 1,658.91 300.00 100.00 1,258.91
74 3/86 BAIRD, JULIA 1,649.16 450.00 45.00 1,154.16
2 3/75. BLACKARD, PAUL 55.00 55.00
63 5/72 BOLAIN, ANN 55.00 55.00
68 7/99 BONADUCE, MICHAEL 2,735.14 475.38 2,259.76
44 9/86 BOUDREY, BETTY MRS. 2,267.18 300.00 50.00 1,917.18
45 9/86 BOUDREY, HOWARD 1,911.99 1,911.99
49 7/88 BOUDREY, JACK 1 507 82 287.68 50.00 1,170.14
4 6/67 CARL, FLOYD JR 55.00 55.00
5 5/72 CASELMAN, ARTHUR 75.00 75.00
57 5/90 CATE, ROY 1,637.10 1,637.10
6 4/68 CHRISTIE, ARNOLD 55.00 55.00
84 03/01 CIRCUIT CLERK WASHINGTON CO
85 03/01 CIRCUIT CLERK WASHINGTON CO
8 10/76 COUNTS, WAYNE 55.00 55.00
61 6/66 DAVIS, BEULAH F. 377.50 377.50
78 11/99 DILL,GARY JOHN 1,658.92 100.00 1,558.92
11 • 2/76 FARRAR,ALONZO 914.10 75.00 839.10
38 5/84 FRALEY, JOSEPH G. 1,618.08 200.00 15.00 1,403.08
34 6/79 HARRIS, JAMES E. 55.00 55.00
70 11/99 HARRIS, MARY RUTH 55.00 55.00
86 07/01 JOHNSON,ROBERT 2,812.66 500.00 100.00 2,212.66
64 4/95 JORDAN, CHARLIE 2,081.90 2,081.90
76 5/88 JUDY, JAN - 1,507.82 200.00 50.00 1,257.82
37 3/84 KING, ARNOLD D 1,393.18 100,00 • 10.00 1,283.18
54 5/89 KING, ARVIL 1,566.00 130.00 1,436,00
12 3/60 LANE, HOPE MRS 55.00 55.00
13 10/67 LAYER, MERLIN 417.50 417.50
14 7/74 LEE, HAROLD 55.00 55.00
51 10/88 LEWIS, CHARLES 1,507.82 1 507 82
60 12/89 LEWIS, MARVIE 790.49 790.49
55 12/89 , LEWIS, ROGER 790.50 50.00 10.00 730.50
40 9/85 LOGUE, PAUL D. 2,624.88 300.00 50.00 2,274.88
50 9/88 MASON, LARRY 1,492.83 78.16 1,414.67
39 4/85 MC ARTHUR, RONALD A. 1,604.92 150.00 50.00 1,404.92
35 2/82 MC CHRISTIAN, DWAYNE 55.00 30.00 25.00
15 4/77 MC WHORTER, CHARLES 1,221.26 150.00 1,071.26
29 8/81 MILLER, DONALD 1,193.41 125.00 25.00 1,043.41
73 2/00 MILLER,KENNETH 2,910.17 2,910.17
42 2/86 MOORE, JAMES H. 55.00 55.00
17 2/66 MORRIS, WILKIE MRS. 55.00 55.00
16 4/64 MORRIS, WILLIAM H. 70.00 70.00
62 10/68 MORRISON, ELIENE 80.00 80.00
48 7/88 MULLENS, DENNIS W. 2,005.35 2,005.35
58 9/90 OSBURN, EDWARD 2,248.33 160.00 2,088.33
46 5/88 OSBURN,TROY 1,738.46 200.00 38.00 1,500.46
81 02/01 PHILLIPS,LARRY 2,530.45 2,530.45
53 2/89 POAGE, LARRY 2,147.56 250.00 80.00 1,817.56
22 4/73 REED, JOE 55.00 55.00
30 3/81 SCHADER, EARVEL 1,268.40 1,268.40
41 9185 SCHADER, TROY 1,395.58 57.00 1,338.58
23 4/71 SKELTON, LAWRENCE BURL 870.50 100.00 10.00 760.50
82 03/01 SKELTON,KELLY 1,114.17 80.00 10.00 1,024.17
83
66
36
25
26
27
71
28
59
52
03/01
8/98
5/76
2/75
3/66
3/71
1/00
7/68
5/91
9/88
DROP DATE
03/01/1998
05/01/1998
02/01/1999
02/01/1999
05/01/1999
05/01/1999
04/01/2000
07/01/2000
01/01/2001
SKELTON, KIMBERLY
SKELTON, PAULINE
SPRINGSTON, CARL
STOUT, ORVILLE
TUNE, BILLIE SUE
TUNE, MILDRED MRS.
WARFORD,THOMAS
WATTS, DONALD
WATTS, WAYNE
WRIGHT, RANDALL
DROP EMPLOYEES
GAGE, TOMMY
FREEDLE, LARRY
LEDBETTER, DENNIS
TATE, RALPH
BACHMAN, EDDIE
WOOD, RONNIE
NAPIER,LONNIE
REAGAN,PETE
DOSS,MARION
1,114.17
390.00
737.78
702.65
80.00
80.00
2,290.35
400.00
1,642.10
1,547.82
67,094.91
80.00
70.00
300.00
130.00
200.00
5,628.22
10.00 1,024,17
390.00
17.00 650.76
702.65
80.00
80.00
1,990.35
400.00
1,492.10
1,322.82
60,701.69
20.00
25.00
765.00
NEW BENEFIT
2,376.34
3,492.86
3,455.40
3,356.83
2,396.34
2,816.02
3,219.73
3,235.68
4,920.63
retiring 1/04/02
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 2000.
NOTARY PUBLIC
MY COMMISSION EXPIRES:
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To:
Thru:
From:
Date:
City of Fayetteville
Fire Department
303 W Center St
Fayetteville, AR 72701
Chris Bosch, Fire Chief
Marion Doss, Assistant Fire Chief
Tommy Gage, Firefighter / v"
January 24, 2002
This is to inform you of my retirement from the Fayetteville Fire Department as of
0800hours, Thufsdar Februainrier, 2002.
fl7M2CW /1 eooz
ca/
APPLICATION FOR PENSION PURPOSES
• Date 1725/6 2
•
Board of Trustees
Fire Pension and Relief Fund
Fayetteville, Arkansas
Gentlemen:
1, /a rn 07 [q „- 6A3 C. have been employed by the Fire Department of the City of
Fayetteville, ArKansas since 7/17/ 7 7
I hereby request all of th nefits due me from the Fire Pension and Relief Fund as of
3///0.
My Beneficiary is Cie n h ,ta K. G,qy G
My reasons for retirement are C / G/
Signature
Subscribed and sworn to before me this 479" day of`i / , eco
Notary Public ,roc
My commission xpires ii7'
CITY CLERK/TREASURER'S OFFICE
Computation of Retirement Benefits
The monthly salary of the above applicant for pension purposes is
9o%
Onc f of applicant's salary
Additional benefits per Arkansas Act 396 of 1987
Additional benefits per Arkansas 24-11-418 (military time)
Total retirement benefits
$Qiv o.3$
$ , 3'7 (, , 3q-
$c23r14 , 3`i -
City Clerk/Treasurer
Subscribed and sworn to before me this day of
• Notary Public
My commission expires
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Name:
Emp No.
DOH:
Yrs Service:
General Fire Pension
Tommy Gage 4aq our CAL+,�-
70
71977
20
Hourly Rate:
Hours Base:
EMT Pay
Annual Salary
9.595
3248
$20.00 26
65.000% Annual Salary
1/12 Monthly Benefit
Rounded to nearest cent
Additional Yrs Beyond: 0
5 Max at: $20.00
DROP Amount
520.0000
31,164.5600
3r1 (a8a.5?
20,594.9640
1,716.2470
1,716.25
0.00
1,716.25
Date: 02/26/98
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City of Fayetteville
Fire Department
303 W Center
Fayetteville, AR 72701
Friday, January 25, 2002
To: Chief Bosch
Thru: Marion Doss -
From: Tommy Gage AZ"
Subject: Notification of retirement
• This is to inform you of my retirement from the Fayetteville Fire Department. I would like this
to be effective at 0800 hours, Fnday, March 1, 2002.
•
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FA YETTE VILLE
City Clerk's Division
3 West Mountain
yetteville, Arkansas 72701
Phone: 479-575-8323
Fax: 479-718-7695- Email:cityclerkkci.fayetteville.ar.us
•
•
January 14, 2002
Richard Yada
Merrill Lynch
Capitol Tower Building
Little Rock, Arkansas 72201
Dear Richard;
Please transfer $45,000 from Account #56396345 to the Bank of Arkansas, ABA 082901392 for
credit to the Fayetteville Fire Pension and Relief Fund account, Account # 1063401.
It is my understanding the money is to be used to meet payroll.
Thank you,
feat er oodruff
City. Clerk
Heather Woodruff, City Clerk
113 West Mountain
Fayetteville, AR 72701
575-8323
email: hwoodruff@ci.fayctteville ar.us