HomeMy WebLinkAbout2004-02-26 - Agendas - Final•
Firemen's Pension And Relief Fund
Meeting Agenda
February 26, 2004
A meeting of the Fayetteville Firemen's Pension and Relief Fund will be held at 11:00 a.m. on
February 26, 2004 in Room 326 of the City Administration Building
1. Approval of the Minutes:
• January 29, 2004
2. Approval of the Pension List:
• February 2004 Pension List Approval with 3% Temporary COLA added
• March 2004 Pension List Approval
3. Longer Investments:
• Report
• 4. Old Business:
• Resolution Number 02-03 - Enacting a 10 Year DROP
• Resolution Number 04-03 — Working after DROP
• Copy of the Summary from Martin and Kieklak
5. New Business:
• Kelly Skelton College Registration
• Election of Board
• NCPERS 2004 Annual Conference
• Pensions & Investments Publication Audit
• The Monitor
•
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CHAIRMAN AND PRESIDENT
SECRETARY
ACKNOWLEDGEMENT
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SWORN TO AND SUBSCRIBED BEFORE ME THIS
NOTARY PUBLIC
MY COMMISSION EXPIRES
6810-9810-5995-00
r FAYETTEVILLE
OHE CITY OF FAYETTEVILLE, ARKANSAS
January 30, 2004
Dear Pensioner,
The Fayetteville Firemen's Pension and Relief Fund Board of Trustee's passed a
resolution to approve a 3% temporary compounded COLA (cost of living
allowance) for three years for all pensioners. This temporary COLA had to be
approved by the actuaries and by the Arkansas Fire & Police Pension Review
Board.
We received a letter from the Arkansas Fire & Police Pension Review Board
dated January 21, 2004 that the temporary COLA may be implemented with an
effective date of January 1, 2004. You will see this increase on your February
pension check. We will also pay you the increase for January on your February
pension check.
I have attached a copy of the resolution that was passed by the Firemen's
•
Pension and Relief Fund Board of Trustees and a copy of the authorization from
the Arkansas Fire & Police Pension Review Board.
If you have any questions you may contact a member of the Firemen's Pension
and Relief Fund Board of Trustees. •
Sincerely,
Rte' c
Sondra Smith
Secretary
Firemen's Pension and Relief Fund Board of Trustees
Enclosure
•
113 WEST MOUNTAIN 72701 479-521-7700
FAX 479-575-8257
Fayetteville. Firemen's Pension and Relief Fund
City of Fayetteville Arkansas
Resolution Number:. 0303
To allow the Fayetteville Firemen's Pension and Relief Fund to institute a
temporary 3%COLA for all pensioners.
Whereas; The Fayetteville Firemen's Pension and Relief Fund met on December
18th, 2003 and unanimously passed a resolution to institute a temporary 3% COLA for
all pensioners. And,
Whereas; The Actuarial Firm of Osborn, Caffein) and Associates, have reported that
this increases in benefits, would be considered actuarially sound under the rules of the
Arkansas Fire and Police Pension Review Board.
(See page 2, 2nd paragraph of actuarial report dated November 20th)
Therefore be it resolved; That the.Fayett9ville Firemen's Pension and Relief
Fund Board of Trustees, City of Fayetteville Arkansas, pass this resolution, enacting a
temporary 3% COLA for three (3) years for all pensioners, and a copy of this resolution
has been forwarded to the City Clerk, Fayetteville Arkansas, and
The Arkansas Fire and Police Pension Review Board office in Little Rock Arkansas.
PASSED and APPROVED this 18th day of December, 2003.
5. .
*MS
7 Sr-,-Test-ie/
PRARKANSAS FIRE & POLICE PENSION REVIEW BOARD
January 21, 2004
Board of Trustees
Fayetteville Fire Pension Fund
113 West Mountain
Fayetteville, AR 72701
Dear Board of Trustees:
P.O. DRAWER 34164
LITTLE ROCK, ARKANSAS 72203
TELEPHONE: (501) 682 - 1745
FAX: (501) 682 - 1751
RECEIVED website:
info@lopfi-prb.com
website: www.lopfi-prb.com
JAN 2 3 2004
ACCTG. DEPT.
This letter is in response to your letter of January 14th regarding resolutions for
three benefit increase proposals. The resolutions include the provisions under Act 1369
of 2003, which extends the DROP to 10 -years; implementing a temporary 3% COLA for
all pensioners; and Act 1372 of 2003, which allows Fund members to remain employed
after the DROP period ends.
• Based on.the letter from the actuary dated November 20, 2003 and a follow-up
email dated January 21, 2004 your Fund is able to implement these proposals and still
remain actuarially sound. Therefore, your benefit increase proposals are approved. To
properly implement the provisions under Act 1369 of 2003 and Act 1372 of 2003, it is
necessary to seek approval from your governing body i.e. City of Fayetteville via an
ordinance. Once this action is approved please forward a copy of the City's approval to
the PRB.
My decisions are subject to review by the PRB. The next meeting is scheduled
for March 10, 2004 in Little Rock. However, this letter serves as authorization that,
based on the results from the actuary, the temporary 3% COLA may be implemented
effective January 1, 2004 and Acts 1369 and 1372 of 2003 may be implemented after
approval of your local governing body.
Please contact me at 682-1745 with any questions you may have.
Respectfully,
David B. Clark.
Executive Director
Cc: PRB Chairman Bill Lundy
Firemen's Pension and Relief Fund Meeting Minutes
January 29, 2004
Pagel of 11
Firemen's Pension and Relief Fund
Meeting Minutes
January 29, 2004
A meeting of the Fayetteville Firemen's Pension and Relief Fund was held at 11:00 a.m. on
January 29, 2004 in Room 326 of the City Administration Building.
Present: Danny Farrar, Pete Reagan, Robert Johnson, Marion Doss, Ronnie Wood,
Sondra Smith, Secretary, .City Attorney Kit Williams, Kim Cooper, Elaine Longer,
Attorneys Darin Williams and Ken Kieklak.
The meeting was called to order by Marion Doss.
Approval of the Minutes:
July 9, 2003 Special Meeting Minutes
November 25, 2003 Special Meeting Minutes
December 18, 2003 Meeting Minutes
Marion Doss: Sondra, why are we approving the July 9th and the November 25th minutes.
Sondra Smith: Those were both Special Meetings. At the December meeting the minutes for
the Special meeting in November had not been completed. I do not show in the minutes that we
approved the special meeting in July minutes. I think as a matter of record we need to go back
and approve those and have it in the records that those meeting minutes were approved.
Pete Reagan: On the December 18th minutes on page 4 where we are talking about the ten year
DROP, I do not recall hearing Mayor Coody voting no on that resolution.
Sondra Smith: I did not hear anyone vote no, but I did not hear the Mayor call for anyone
opposed either. When I took the Resolution to Mayor Coody to have him sign it, he stated that
he voted no on the ten year DROP.
I do not know what you can do in a situation like that. I would prefer that we do all votes by roll
call vote from now on.
Pete Reagan: I think that is an excellent idea of doing roll call vote.
Kit Williams: _Anything like that where you have an important vote needs to be individually
counted.
Marion Doss: 1 think that is a good idea and that would solve this problem in the future. I
didn't hear any no votes either. 1 don't recall hearing anybody ask for any no votes.
Sondra Smith: It was not on the tape that anyone asked for any no votes. It was just all in favor
and all I heard was aye's. The other two resolutions were done with roll call vote.
Firemen's Pension and Relief Fund Meeting Minutes
January 29, 2004
Page 2 of 11
Marion Doss: That is the one that you called us later and we clarified our votes. Each of us
gave our vote to you over the phone.
Sondra Smith: Yes. Since we did not do roll call vote and Mayor Coody stated that he voted
no, we needed six out of the seven on the Pension Board to pass the Resolution I called each one
of you to make sure that I didn't miss someone else wanting to vote no.
Pete Reagan moved to approve the July 9th Special meeting minutes, November 25th
Special meeting minutes and the December 18, 2003 regular meeting Minutes. Danny
Farrar seconded. The motion to approve the minutes passed 6-0. Mayor Coody was
absent.
Approval of the Pension List for February, 2004.
Marion Doss: It looks like Dennis Ledbetter has been moved from DROP to retired.
Pete Reagan: Madge Schader has been added and Earvel has been removed.
Pete Reagan moved to approve the Pension List. Robert Johnson seconded. The motion to
approve the Pension List passed 6-0. Mayor Coody was absent.
Old Business:
Ken Kieklak Report:
Ken Kieklak: Thank you for putting us on the agenda. Darrin Williams and I wanted to present
some information to you today. We haven't seen you in some time but let me assure you that
we have been doing quite a bit of work as well as the people that we have hired to analyze the
information that you retained us to look at. During that time as you know we hired an analysis to
go through the numbers, we also hired an expert out of Chicago to go through some of the
information. Darin's finn has done both an in house review of the information and also obtained
an independent expert to come in and take a look at everything that we had complied to really get
to the bottom line. Darrin has passed out some information.
Darrin Williams: I would like to thank the Board for allowing us to make this presentation.
We have completed a detailed analysis of your trade history and your investment objects. When
we were here before we talked in general terms about what may or may not be there with regard
to this case. We have done a full blown analysis and I will quickly go over this.
Financial Outsourcers a group out of California we have used from time to time and they are
very reputable experts. We have given you a one page summary to review. This analysis goes
from late 1 998 or early 1999 to 2002 and looked at your trade history during that period of time.
When we started this analysis there was about $14.7 million in investments through Merrill
Lynch. During that trade time, remember that was during a significant decline period for the
market, the market was down tremendously during that time. At the end of the analysis in 2002
the value of the portfolio was about $13.9 million. That is about a $797,000 decline, of that
number $200,000 plus was general commissions and charges that Merril] Lynch would charge
•
•
Firemen's Pension and Relief Fund Meeting Minutes
January 29, 2004
Page 3 of 11
over a four to five year period of tine, so it leaves a loss of about $579,000. If you look at that
about $2.3 million was loss in trading but you made $1.8 million in the debt market because you
were heavily invested in that market. Basically what we are saying is looking at this analysis it
really changes the dynamic that looks like a large number, a half a million dollars but you have
to look at in terms of what the market was doing. To find a case you have to figure out where
fog is, there has to be a fraudulent reason to attribute the $500,000 loss to, it can't be just because
the market is down.
You can't hold your money manager accountable to a loss in the stock market unless there is
some fraudulent activity. What we had to do is analysis your investment objectives to see if your
manager traded in accordance with the guidelines that you set forth. It took some time to figure
out which ones were the correct investment objectives; we had several different copies when we
went through the files. Initially your investment objectives included such things as no
investments in foreign securities, if you look at your portfolio you will see what appears to be
foreign securities, companies like Mitsubishi, which are really not US based stock market
companies, they are not traded on the US exchange they are traded on the Foreign exchange.
Many investors both individual and institutional trade in what is called ADR American
Depository Receipts, Mitsubishi trades ADR's in the US. Is that a foreign security, yes and no,
yes it is not traded on the US exchange but it is a type of security that I think you would look to
invest in.
When we talk about foreign securities generally we are talking about those fly by night things
that you don't know about. You have as much information on Mitsubishi as you will have on
Wal-Mart. About 2,000 banks hold these •ADR's, standard operations, institutions like
yourselves as well as smart individual's trade in ADR's all day. That within itself may not be a
prohibited trade; it would be leftto your understanding as to what you meant when you wrote
that objective of no trading in foreign investments. One conversation we had with you Pete, you
didn't think that meant those everyday common household securities. Then you are left with
what possibility could be prohibited. Your investment objectives are not quite clear but it does
say that you want to be in investment grade securities. The objectives again are not clear,
investment grade debt securities is triple B or better. You in your investment policy talk about A
rated securities and then you talk about investment grade rate which that is not the same, triple B
is investment grade. There are some securities that arguably may have been purchased below
grade depending on the A or triple B which you meant by your objectives. There are some that
clearly fell below investment grade while you held them. If you had an objective that you
couldn't be investing below investment grade and you held that; the manager should get out of
that stock in a reasonable period of time, the question is what is reasonable, that is something to
debate. To get out of that trade there has to be a market for it, so it may not be unreasonable for
your broker to continue to hold investments like that because there is really no market for it.
After considerable analysis both in-house, outside and by ken and his folks is that based on the
investment objects, based on your loss, overall you did much better than the market during this
period of time There is no real fraudulent activity that I can pin these losses to. I would prefer
to come here and tell you that I am going through with the arbitration route. I do not think you
• will be successful in arbitration in this litigation based on the things that I have talked about.
When you look at arbitration if you get 50% of your damages you have done decent in
arbitration. There is a reason these folks put arbitration clauses in your contract; it is not to help
you. If these were and they are not all prohibited trades and you discount that by what could be
possible in arbitration then you discount the cost and attorneys fees, I'm not sure it is reasonable
Firemen's Pension and Relief Fund Meeting Minutes
January 29, 2004
Page 4 of l ]
for you to proceed with those numbers based largely on the fact there is no fraud to pin the lose
to it looks more like a bad market. 1 really wish I was coming here to bring a check and say we
received a bunch of money back. I unfortunately cannot advise you to move forward in a case
like this because of the numbers.
Kit Williams: I can also say that they have spoke to me for about an hour this morning and we
went through this in depth. This is not an easy conclusion they have made because they had
thousands of dollars in expenses, not only in time but in expenses in hiring the expert to go
through all this. I am glad that we went through this process, it has been good for the board
because you have certainly done due diligence in looking at this very carefully and I encourage
any questions that you might have. It looks to me that they have done everything possible in
examining this.
Pete Reagan: Darrin could you go over the last two columns, the annualized turnover rate and
explain that.
Darrin Williams: The expert does things that are above and beyond what I need and what I use.
That is something they would need to explain.
Ken Kieklak: We can find out if you want us to.
Pete Reagan: I was just curious. I think we should note for the minutes that Ealine Longer and
Kim Cooper of Longer Investments have entered the room. Do you have a couple of extra
reports for them?
Darrin Williams: I sure do. Mr. Williams gave Elaine and Kim a quick overview of what he
presented to the board.
Pete Reagan: I would like to thank Darrin, Ken and Markfor their hard work on this. You took
the risk and the expenses.
Ken Kieklak: We certainly appreciate the confidence you put into our firm. We have went
above and beyond investigating whether or not there was any fraud by the investor that you hired
in the past. That is what you that sit on the board are to do.
I want to thank the Clerk's office because we went to your office and went through your files a
number of times to go through the information. I wish we had a different result but.I think we
have done above and beyond to find out if there is a claim.
Kit Williams: Do you need any kind of formal action by the board, a resolution saying that they
have decided not to go forward and take your advice because we do have this attorney client
agreement that you are going to look into it. Do you want some formal closure from this board
at this point?
Ken Kieklak: We talked about that, I don't know if we necessarily do need something. We are
probably going to have some correspondence back and forth. That is up to you, if you want to
vote on it that's fine.
Firemen's Pension and Relief Fund Meeting Minutes
January 29, 2004
Page 5 of 11
• Kit Williams: It is up to you, these are the guys that make the decisions, I can't do anything
formally.
Darrin Williams: I don't know that that is required. They told us to look into it and I think we
have done that, so we are fine.
Kit Williams: The minutes will probably be enough.
Ken Kieklak: That is what we had discussed and 1 think what we will do is send you a
confirmation letter stating what we went over and I think that will be sufficient.
Kit Williams: Okay.
Marion Doss: We do appreciate what you have done on everything.
Kit Williams: Now you know why in our attorney client agreement that I drew up I said we will
not be responsible for any cost if it doesn't work out. Not only did they have a lot of hours,
normally in a contingent fee contract you pay for their expenses, their travel and the hiring of the
experts. In contingent fee cases there can be a big loss for the attorneys which they just took a
loss on this. We really do owe them a debt of gratitude. None of the cost incurred are coming
back against the Fireman's Fund.
Elaine Longer, Longer Investments: Does this cover the period of 1998 until 2002?
Kit Williams: Until you took over I think.
Elaine Longer: And the net loss on the total portfolio during that time was $797,000?
Kit Williams: That is the way that they computed it out.
Pete Reagan: That was 1999.
Kit Williams: Was it 1999. That's not bad. Although it probably went up in 1999 and then it
came back down..
Elaine Longer: Probably the fall was higher from the peak.
Longer Investments, Investment Report:
The year end portfolio appraisal year close, your stock holdings were 47% in common stock and
approximately 51% in stocks if you include the mutual funds which are foreign stocks. We are
just a little over the 50% number but if you look at book value we are still under it. We are right
there on the wire as far as your maximum equity exposure. The rest of the portfolio is bonds,
preferred debt and real estate investment.
We still show the Enron Bonds, the last bid we had on October 6 was $8.00 through Northern
Trust and $11.00 through Southwest Security. The current bid indication is $15.00 that would
•
Firemen's Pension and Relief Fund Meeting Minutes
January 29, 2004
Page 6 of 11
• give us a loss of about $20,000 or so if we sold at that price. Since you are not going into
litigation I would recommend that we get out of it.
•
Kit Williams. What ever the Board decides. We certainly are free now to do that. 1 guess it has
been going up because there is movement toward going after some of the principles and trying to
recover money from them?
Elaine Longer: I don't think they will recover enough to pay the bonds off.
Kit Williams: Do you think this is about as high as it is going to get?
Elaine Longer: At this point it is just guess work if it goes higher and it does violate your
policy. Your realized gains year to date this year are about $91,000, so you have the net gains to
take a $20,000 Loss, so you have the gains to wash the loss.
Kit Williams: You should try to follow your policy now that you are not involved in litigation.
Pete Reagan moved to give Longer Investment authorization to sell the Enron Bonds.
Robert Johnson seconded the motion. Upon roll call the motion passed 6-0. Mayor Coody
was absent.
Elaine Longer: The year end value was $10.567 million and the income on the portfolio which
is just dividends and interest income is at a $310,000 level now with 3.2%. You have the
equivalent of a five year treasury yield on a portfolio that had the 50% growth component,so
that is real good, we want to keep seeing that income yield go up.
Your largest stock holdings as a percent of total portfolio at historical cost is 1.4%, and 3.2% of
equity. That is still a very well diversified portfolio. Your policy states we can go up to 5% of
total equity exposure.
We have some bonds that will probably be called in 2004. That is good because we are
projecting a rising interest rate environment for this year and a better buying opportunity in the
fixed income market.
Net Income was $255,000 but that doesn't include the overall increase in portfolio values which
is composed of unrealized appreciation, the realized gains of $162,000 and the income of
$255,000 and the total was about $1.25 million increase in portfolio value.
Your weighted average yield to maturity on the bonds is about 5.3% and the weighted average
maturity is about 9 years, however we have about 11% of all of your bonds maturing in the next
three years, so what that means is as interest rates go up this year we have not only the cash
balances to apply to bonds but also this 11% of portfolio can be rolled forward to get a higher
income yield and lock it in for a longer period of time.
You had a contribution of $350,000 and total distributions of $950,000, so net distributions were
about $600,000. This year the investment return was about $1.25 million so your net increase of
distributions was about $625,000.00.
•
•
Firemen's Pension and Relief Fund Meeting Minutes
January 29, 2004
Page 7 of 1.1
Equity retum last year was 29.5%, fixed income return was about 3%. You still eam that 5.3%
on your bonds, but on a rising interest rate environment like what we had Last year the price of
bonds go down. The prior three years we earned coupon plus which means we earned the
coupon on the bonds plus price appreciation as the price of those bonds went up in the declining
interest rate environment. When you get into a rising interest rate environment you still get that
5.3% income but the price on the bonds will fluctuate to a down side so that you net return which
includes market change plus income is 3%. We have not had a year like this since about 1994
where we had a rising interest rate environment sufficient to off set the interest.
Your real estate investment trust is up about 21.9% so your total return for last year was 13.3%.
Your cumulative annualized return, you have earned about 15.6% annualized retum on the stock
which compares to about 13.8% on the cash S & P, 15.9% on the S & P with dividends
compounded and 15.4% on the DOW with dividends compounded. You are still right in line
with all the major indices and these returns are net of your expenses. Your fixed income has
annualized at about a 5.4% rate and your total retum annualized is 8.6%. That compares to your
6% retum mandate.
We are over weighted in capital goods in cyclical industry, energy and technology and we are
under weighted in consumer and financial stock. Financial stock typically under perform in a
rising interest rate environment. The ones that we own are really well positioned so we don't
have a lot of exposure in financial stock. Weare still seeing very good earnings reports.
Your investment policy we are adhering to a maximum equity exposure of 50%. We do have
your foreign investments up to that 10%.
Kit Williams: I have a notice of a class action settlement on Sprint stock from October 4, 1999
to September 19, 2000. I do not know who to give this.to.
Elaine Longer: We can file them for anything that comes in from the time we started managing
because we have to document that you owned it at that time, prior to that we can't.
Sondra Smith: When we get copies of things like that we take it to accounting. Tracy knows
who to give that to in accounting. We will take care of that for you.
Letter from Arkansas Fire and Police Pension Review Board
Marion Doss: We have the letter from the Arkansas Pension Review Board regarding our 10
year DROP, Working after DROP and the 3% COLA.
Pete Reagan: The 10 year DROP and Working after DROP both have to go to the City Council
for approval.
Kit Williams: I will draft two separate resolutions to take this to the City Council for approval.
Marion Doss: Since you have our signed resolutions you don't need us to sign anything else.
Kit Williams: I don't think so.
•
Firemen's Pension and Relief Fund Meeting Minuses
January 29, 2004
Page 8 of 11
Marion Doss: Do you think this can be on the,consent agenda.
Sondra Smith: I doubt it. They will probably want an explanation at the City Council meeting.
Kit Williams: I would guess that is correct, especially if the Mayor voted against it he is not
going to want it on consent were it will be accepted without any discussion. He will probably
want to explain why he is not in favor of it.
Resolution Number 03-03 — Enacting a Temporary 3% COLA
Start Date of COLA
Does the COLA Apply to DROP participants?
Marion Doss: The 3% temporary COLA if I understood it applied to everyone on the list.
Sondra Smith: Accounting asked me if that 3% COLA was to be applied to the DROP
participants. I told them we would discuss that at the meeting today.
Pete Reagan: We do have an Attorney General's opinion that states those who have signed up
on DROP and are actually still on the Job are considered retirees.
Marion Doss: For COLA purposes?
Pete Reagan: No for every purpose, the board makeup and everything else.
Pete Reagan moved that the 3% temporary COLA be applied to volunteers, retirees and
DROP members. Danny Farrar seconded the motion. Upon roll call the motion passed 6-
0. Mayor Coody was absent.
Sondra Smith: The other question that accounting has is the letter from the Arkansas Fire
Pension Board states the 3% temporary COLA can be enacted beginning January 1. The Pension
List that you approved did not include the 3% temporary COLA because we did not set a start
date for that to go into effect. We need to set a start date for the 3% temporary COLA.
Pete Reagan moved that the effective date of the temporary COLA be January 1, 2004.
Ronnie Wood seconded. Upon roll call the motion passed 6-0. Mayor Coody was absent.
Sondra Smith: Accounting will back pay for January and they may be able to get the increase
on the February. check.
Pete Reagan: Sondra will you draft a letter to the Pensioners explaining the 3% temporary
COLA for three years and that that is the reason for their increase.
Sondra Smith: I will draft a letter.
Ashland Management:
•
•
Firemen's Pension and Relief Fund Meeting Minutes
January 29, 2004
Page 9 of 11
Kit Williams. I sent them a letter stating what 1 feel is the most accurate amount that we should
pay. I have not heard back from them. If they invoice us for the $428.91 then we should pay it,
I would like to get your approval that if they invoice us for that amount we will pay that fee.
Pete Reagan moved to pay Ashland Management $428.91 if we receive an invoice for that
amount. Danny Farrar seconded the motion. Upon roll call the motion passed 6-0. Mayor
Coody was absent.
Kit Williams explained how he figured the amount that he thinks is due to Ashland Management.
Copies of Dennis Ledbetter's Retirement Papers:
Sondra Smith: You asked for a copy of his retirement papers therefore I have attache d a copy
to the agenda.
New Business:
Thank you letter to Kathryn Stout:
Sondra Smith: 1 thought it would be nice for her to know that we received her donation and
that we appreciated her sending it to the fund.
Schedule of Fireman's Pension Meetings for 2004:
Sondra Smith: We changed the November's meeting to the week before Thanksgiving.
Therefore the meeting in November will be on November 18, 2004.
Budget Information: A copy of the Firemen's Pension budget was attached to the agenda.
Kim Skelton College Registration:
Sondra Smith: We received Kim Skelton's Proof of Registration form showing she is enrolled
at the U of A.
Kelly Skelton College Registration:
Sondra Smith: I continue to have a problem getting Kelly Skelton's Proof of Enrollment. She
has turned an early registration form but that does not mean she is enrolled. She told me she
could not get Proof of Registration unless I sent a letter to NW Arkansas Community College
stating that 1 needed Proof of Registration. I sent the college a letter stating that we had to have a
copy of her Proof of Registration by February 1, 2004 and I have not received Proof of
Registration yet. I also sent a letter to Kelly stating that I had to have the Proof of Registration
by February 1, 2004.
•
•
Firemen's Pension and Relief Fund Meeting Minutes
January 29,2004
Page 10 of Il
Marion Doss: Is Kelly aware that her check can be stopped if she doesn't provide Proof of
Registration.
Sondra Smith: Accounting does not want to send the February check to her unless we have the
Proof of Registration.
Marion Doss: Do you run into a problem with the college not releasing information to you?
Sondra Smith: Yes, I have called NW Community College in the past and they will not release
any information to me.
A discussion followed on Kelly Skelton and her Pension Payment.
Danny Farrar: Why don't you send her a certified letter?
Sondra Smith: I can do that; I will try to get it in the mail today. Should the deadline still be
February I, 2004?
Marion Doss: Yes and explain to Kelly that Accounting can not release the check until she
provides the Proof of Enrollment.
•
NCPERS 2004 Annual Conference: A copy of the dates for the NCPERS Annual Conference
was attached to the agenda.
The Monitor: A copy of the Monitor was attached to the agenda.
Parking Permits for 2004: Parking Permits for 2004 were handed out.
Sondra Smith: Marion Doss suggested that we add the Fireman's Pension minutes to the Web.
We can add the minutes; if you want them on line we will be happy to add them:
Pete Reagan: Have we had any request to do that.
Marion Doss: No. I use to make copies and send them to the stations. What might serve the
purpose lust as well and might be a lot easier, you already email them to us; we could email them
to the people that are on DROP and that would serve the same purpose. If I were retired and
wanted to know about the meeting, I would call and ask to be put on your email list.
Pete Reagan: I know it is a lot of trouble to put them on the web page. I don't think there is a
need to put them on the web that is a lot of extra work for Sondra's office. If the folks that are
retired want a copy of the minutes they should call the City Clerk's office and get on the email
list.
• Sondra Smith: I can automatically put them on the email list if you want me to.
Pete Reagan: If they don't want them they are just going to delete the email.
•
•
Firemen's Pension and Relief Fund Meeting Minutes
January 29, 2004
Page 11 of 11
Sondra Smith: I have the Board set up as a group so it is no problem to add then to the group, it
is whatever you want me to do. I can add them to the email group to receive the minutes or I can
add the minutes to the web.
Marion Doss: Let's just add the DROP members to your email group.
Sondra Smith: If you want more information on the web under the Fireman's Pension Board
we can put it on the web, just let us know.
Pete Reagan: I wouldn't put anything out there unless some asks for it.
Sondra Smith: Right now we just have your meeting schedule and the makeup of the board on
the web.
Meeting adjourned at 12:20 PM.
FIREMEN'S RELIEF AND PENSION
February 2004
-FOLLOWING ARE THE OBLIGATIONS OF THE FIREMEN'S RELIEF FUND FOR THE
H OF FEBRUARY. 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
79 11/99
74 3/86
2 3/75
63 5/72
68 7/99
44 9/86
45 9/86
49 7/88
4 6/67
5 5/72
57 5/90
6 4/68
8 10/76
78 11/99
11 2/76
38 5/84
170 5/03
92 03/02
34 6/79
70 11/99
93 06/02
86 07/01
64 4/95
76 5/88
37 3/84
54 5/89
12 3/60
13 10/67
173 12/19
14 7/74
51 10/88
40 9/85
50 9/88
39 4/85
35 2/82
15 4/77
29 8/81
73 2/00
42 2/86
16 4/64
62 10/68
48 7/88
46 5/88
81 02/01
53 2/89
22 4/73
30 3/81
172 12/03
41 9/85
82 03/01
83 03/01
66 8/98
36 5/76
90 . 03/02
165 12/02
26 3/66
ARMSTRONG (DILL), PAMELA
BAIRD, JULIA
BLACKARD, PAUL
BOLAIN, ANN
BONADUCE, MICHAEL
BOUDREY, BETTY MRS.
BOUDREY, HOWARD
BOUDREY, JACK
CARL, FLOYD JR
CASELMAN, ARTHUR
CATE, ROY
CHRISTIE, ARNOLD
COUNTS, WAYNE
DILL,GARY JOHN
FARRAR;ALONZO
FRALEY, JOSEPH G.
FREEDLE, LARRY
GAGE,TOMMY
HARRIS, JAMES E.
HARRIS, MANY RUTH
JENKINS, JOHN
JOHNSON,ROBERT
JORDAN, CHARLIE
JUDY, JAN
KING, ARNOLD D.
KING, ARVIL
LANE, HOPE MRS
LAYER, MERLIN
LEDBETTER, DENNIS
LEE, HAROLD
LEWIS, CHARLES
LOGUE, PAUL D.
MASON, LARRY
MC ARTHUR, RONALD A.
MC CHRISTIAN, DWAYNE
MC WHORTER, CHARLES
MILLER, DONALD
MILLER,KENNETH
MOORE, JAMES H.
MORRIS, WILLIAM H.
MORRISON, ELIENE
MULLENS, DENNIS W.
OSBURN, TROY
PHILLIPS,LARRY
POAGE, LARRY
REED, JOE
SCHADER EARVEL(DECEASED)
SCHADER, MADGE
SCHADER, TROY
SKELTON,KELLY
SKELTON, KIMBERLY
SKELTON, PAULINE
SPRINGSTON, CARL
STOUT, IMOGENE W.
TATE, RALPH
TUNE, BILLIE SUE
REGULAR RETRO. Year To Date
MO BENEFIT JANUARY REG BENEFIT
1,708.68 49.77
1,698.63 49.47
103.00 3.00
103.00 3.00
2,817.19 82.05.
2,335.20 68.02
1,96/35 57 36
1,553.05 45.23
103.00 3.00
123.60 3.60
1,686.21 49.11
103.00 3.00
103.00 3.00
1,708.69 49.77
941.52 27.42
1,666.62 48.54
3,597.65 104.79
2,447.63 71.29
103.00 3.00
103.00 3.00
3,372.15 98.22
2,897.04 84.38
2,144.36 62.46
1,553.05 45.23
1,434.98 41.80
1,612.98 46.98
103.00 3.00
430.03 12.53
3,559.06 103.66
103.00 3.00
1,553.05 45.23
2,703.63 78.75
1,537.61 44.78
1,653.07 48.15
103.00 3.00
1,257.90 36.64
1,229.21 35.80
2,997.48 87.31
103.00 3.00
118.45 '3.45
128.75 3.75
2,065.51 60.16
1,790.61 52.15
2,606.36 75.91
2,211.99 64.43
103.00 3.00
1,306.45
1,437.45
1,147.60
1,147.60
401.70
759.91
723.73
3,457.53
128.75
38.05
41.87
33.43
11.70
33 43
22 13
21.08
100.70
175
3,417.36
3,397 26
206.00
206.00
5,634.38
4,670.40
3,938.70
3,106.10
206.00
247.20
3,372.42
206.00
206.00
3,417 38
1,883.04
3,333.24
7,195.30
4,895.26
206.00
206.00
6,744.30
5,794.08
4,288.72
3,106.10
2,869.96
3,225.96
206.00
860.06
7,118.12
206.00
3,106.10
5,407.26
3,075 22
3,306.14
206.00
2,515.80
2,458.42
5,994.96
206.00
236.90
257.50
4,131.02
3 581 22
5,212.72
4,423.98
206.00
2,612.90
2,874.90
2,295.20
2,295.20
803.40
1,519.82
1,447.46
6,915.06
257.50
FED. TAX
300.00
350.00
475.38
300.00
287.68
100.00
75.00
200.00
500.00
226.00
700.00
500.00
200.00
240.00
130.00
575.00
75.00
325.00
78.16
150.00
150.00
125.00
325.00
ST. TAX NET
100.00
145.00
50.00
50.00
15:00
100.00
50.00
200.00
100.00
50.00
100.00
173.00
25.00
75.00
50.00
25.00
75.00
200.00 38.00
300.00 100.00
57.00
125.00 25.00
125.00 25.00
70.00 17.00
300.00 100.00
1,358.45
1,253.10
106.00
106.00
2,423.86
2,053.22
2,026.71
1,260.60
106.00
127.20
1,735.32
106.00
106.00
1,658.46
893.94
1,500.16
3,102.44
2,242,92
106.00
106.00
2,570.37
2,381.42 •
2,206.82
1,348.28
1,136,78
1,529.96
106.00
442.56
2,914.72
106.00
1,498.28
2,382.38
1,504.23
1,501.22
106.00
1,144.54
1,115.01
2,684.79
106.00
121.90
132.50
2,125.67
1,604.76
2,682.27
1,876.42.
106.00
0.00
1,344.50
1,422.32
1,031.03
1,009.30
435.13'
695.04
744.81
3,158.23
132.50
DATE OF
EMP#RETIREMENT NAME
•
27
71
28
88
52
3/71
1/00
7/68
01/02
9/88
DROP DATE
05/01/99
04/01/00
07/01/00
01/01/01
03/01/03
03/01/03
03/01/03
04/01/03
TUNE, MILDRED MRS.
WARFORD,THOMAS
WATTS, DONALD
WOOD,RONNIE D
WRIGHT, RANDALL
DROP EMPLOYEES
BACHMAN, EDDIE
NAPIER,LONNIE
REAGAN,PETE
DOSS,MARION
MAHAN, MARSHALL
PIERCE, JOEY
SHACKLEFORD, GLEN
O'NEAL TEDDY
REGULAR
MO BENEFIT
128.75
2,359.06
412.00
2,900.50
1,594.25
82,252.57
RETRO.
JANUARY
3.75
68.71
12.00
84.48
46.43
2,39530
Year To Date
REG BENEFIT
257.50
4,718.12
824.00
5,801.00
3,188.50
164,505.14
FED. TAX ST. TAX NET
300.00
800.00
200.00
8,864.22
200.00
25 00
1,913.00
132.50
2,127.77
424.00
1 984 98
1,415.88
73,871.05
NEW BENEFITS
2,468.23
3,316.32
3,332.75
5,068.25
3,843.23
3,437.82
3,437.82
3,884.43
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
ETARY CHAIRMAN AND PRESIDENT
ACKNOWLEDGEMENT
STATE OF ARKANSAS )
COUNTY OF WASHINGTON)
SWORN TO AND SUBSCRIBED BEFORE ME THIS DAY OF 2003.
NOTARY PUBLIC
MY COMMISSION EXPIRES :
•
YTD
6810-9810-5335-00 164,505.14
5
FIREMEN'S RELIEF AND PENSION
March 2004
LLOWING ARE THE OBLIGATIONS OF THE FIREMEN'S RELIEF FUND FOR THE
OF MARCH. 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
79 11/99 ARMSTRONG (DILL), PAMELA
74 3/86 BAIRD, JULIA
2 3/75 BLACKARD, PAUL
63 5/72 BOLAIN, ANN
68 7/99 BONADUCE, MICHAEL
44 9/86 BOUDREY, BETTY MRS.
45 9/86 BOUDREY, HOWARD
49 7/88 BOUDREY, JACK
4 6/67 CARL, FLOYD JR
5 5/72 CASELMAN, ARTHUR
57 5/90 CATE, ROY
6 4/68 CHRISTIE•ARNOLD
8 10/76 COUNTS, WAYNE
78 11/99 DILL,GARY JOHN
11 2/76 FARRAR,ALONZO
38 5/84 FRALEY, JOSEPH G.
170 5/03 FREEDLE, LARRY
92 03/02 GAGE,TOMMY
34 6/79 HARRIS, JAMES E.
70 11/99 HARRIS, MARY RUTH
•
93 06/02 JENKINS, JOHN
86 07/01 JOHNSON,ROBERT
64 4/95 JORDAN CHARLIE
76 5/88 JUDY, JAN
37 3/84 KING, ARNOLD D.
54 5/89 KING, ARVIL
12 3/60 LANE, HOPE MRS
13 10/67 LAYER, MERLIN
173 12/19 LEDBETTER, DENNIS
14 7/74 LEE, HAROLD
51 10/88 LEWIS, CHARLES
40 9/85 LOGUE, PAUL D.
50 9/88 MASON, LARRY
39 4/85 MC ARTHUR, RONALD A.
35 2/82 MC CHRISTIAN, DWAYNE
15 4/77 MC WHORTER, CHARLES
29 8/81 MILLER, DONALD
73 2/00 MILLER,KENNETH
42 2/86 MOORE, JAMES H.
16 4/64 MORRIS, WILLIAM H.
62 10/68 MORRISON, ELIENE
48 7/88 MULLENS, DENNIS W.
46 5/88 OSBURN, TROY
81 02/01 PHILLIPS,LARRY
53 2/89 POAGE, LARRY
22 4/73 REED, JOE
30 3/81 SCHADER, EARVEL (DECEASED)
•172 12/03 SCHADER, MADGE
41 9/85 SCHADER, TROY
82 03/01 SKELTON,KELLY
83 03/01 SKELTON, KIMBERLY
66 8/98 SKELTON, PAULINE
36 5/76 SPRINGSTON, CARL
REGULAR Year To Date
MO BENEFIT REG
1,708.68
1,698.63
103.00
103.00
2,817.19
2,335.20
1,969.35
1,553.05
103.00
123.60
1,686.21
103.00
103.00
1,708.69
941.52
1,666.62
3,597.65
244763
103.00
103.00
3,372.15
2,897.04
2,144.36
1,553.05
1,434.98
1,612.98
103.00
430.03
3,559.06
103.00
1,553.05
2,703.63
1,537.61
1,653 07
103.00
1,257.90
1,229.21
2,997.48
103.00
118.45
128.75
2,065.51
1,790.61
2,606.36
2,211.99
103X00
1,306.45
1,437.45
1,147.60
1,147.60
401.70
759.91
BENEFIT FED. TAX ST. TAX NET
3 41736 300.00 100.00 1,308.68
3,397.26 350.00 145.00 1,203.63
206.00 103.00
206.00 103.00
5,634 38 475.38 2,341.81
4,670.40 300.00 50.00 1,985.20
3,938.70 1,969.35
3,106.10 287.68 50.00 1,215.37
206.00 103:00
247.20 123.60
3,372.42 1,686.21
206.00 103.00
206.00 103.00
3,417.38 100.00 1,608.69
1,883.04 75.00 866.52
3,333.24 200.00 15.00 1,451.62
7,195.30 500.00 100.00 2 997 65
4,895.26 226.00 50.00 2,171.63
206.00 103.00
206.00 103.00
6,744.30 700.00 200.00 2,472.15
5,794.08 500.00 100.00 2,297.04
4,288.72 2 144 36
3,106.10 200.00 50.00 1,303.05
2,869.96 240.00 100.00 1,094.98
3,225.96 130.00 1,482.98
206.00 103.00
860.06 430.03
7,118.12 575.00 173.00 2,811.06
206.00 103.00
3,106.10 75.00 25.00 1,453.05
5,407.26 325.00 75.00 2,303.63
3,075.22 78.16 1,459.45
3,306.14 150.00 50.00 1,453.07
206.00 103.00
2,515.80 150.00 1,107.90
2,458.42' 125.00 25.00 1,079.21
5,994.96 325.00 75.00 2,597.48
206.00 103.00
236.90 118.45
257.50 128.75
4,131.02 2,065.51
3,581.22 200.00 38.00 1,552.61
5,212.72 2,606.36
4,423.98 300.00 100.00 1,811.99
206.00 103.00
0.00
1,306.45
57.00 1,380.45
125.00 25.00 997.60
125.00 25.00 997.60
401.70
70.00 17.00 672.91
2,612.90
2,874.90
2,295.20
2,295.20
803.40
1,519.82
DATE OF
EMP# RETIREMENT NAME
S90
165
26
27
71
28
88
52
03/02
12/02
3/66
3/71
1/00
7/68
01/02
9/88
DROP DATE
05/01/99
04/01/00
07/01/00
01/01/01
03/01/03
03/01/03
03/01/03
04/01/03
STOUT, IMOGENE W.
TATE, RALPH
TUNE, BILLIE SUE
TUNE MILDRED MRS.
WARFORD,THOMAS
WATTS, DONALD
WOOD,RONNIE D
WRIGHT, RANDALL
DROP EMPLOYEES
BACHMAN, EDDIE
NAPIER,LONNIE
REAGAN,PETE
DOSS,MARION
MAHAN, MARSHALL
PIERCE, JOEY
SHACKLEFORD, GLEN
O'NEAL TEDDY
REGULAR Year To Date
MO BENEFIT REG BENEFIT FED. TAX ST. TAX NET
72373
3,457.53
128.75
128.75
2,359.06
412.00
2,900.50
1.594.25
1,447.46
6,915.06
257.50
257.50
4,718.12
824.00
5,801.00
3.188.50
723.73
300.00 100.00 3,057.53
128.75
128.75
300.00 2,059.06
412.00
800.00 200.00 1,900.50
200.00 25.00 1,369.25
82,252.57
164,505.14 8,864.22 1,913.00 71,475.35
NEW BENEFITS
2,468.23
3,316.32
3,332.75
5,06825
3,843.23
3,437.82
3,437.82
3,884.43
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
ED THE AMOUNT ALLOWED BY LAW OR THE CUSTOMARY CHARGE FOR SIMILAR
/ICES OR SUPPLIES
SECRETARY CHAIRMAN AND PRESIDENT
ACKNOWLEDGEMENT
STATE OF ARKANSAS )
COUNTY OF WASHINGTON)
SWORN TO AND SUBSCRIBED BEFORE ME THIS
DAY OF 2003.
NOTARY PUBLIC
MY COMMISSION EXPIRES :
s
6810-9810-5335-00
YTD
164,505.14
conn., aqi 0D -Doti
T,An„au.,; P..�..
FayetteIlle1Awson..
COMBINED PORTFOLIO
TOTAL ACCOUNT INFLOW
BEGINNING CASH BALANCE
SECURITIES LONG AT THE START OF THE ANALYSIS
SECURITIES RECEIVED
CASH DEPOSITED
$1,565,365.26
$10,474,460.56
$1,108,615.00
$1,573,631.70
TOTAL VALUE IN:
($14,722,072.52)
tTOT ACCOUNzT OTFL0
CLOSING CASH BALANCE
SECURITIES LONG AT THE END OF THE ANALYSIS
SECURITIES DELIVERED
CASH WITHDRAWN
$9,236.44
$977,132.87
$6,320,874.49
$6,616,857.13
TOTAL VALUE OUT:
$13,924,100.93
($797,971.59)
PROFIT & LOSS FROM TRADING / INCOME
OVERALL TRADING PROFIT / (LOSS)
CASH IN LIEU
INCOME
($2,380,011.95)
$363.39
$1,800,604.79
TOTAL PROFIT / (LOSS):
($579,043.76)
Aft(8OTEe RUST
MARGIN INTEREST
ACCOUNT FEES
$0.00
$218,927.82
TOTAL FEES & OTHER ADJUSTMENTS:
($218,927.82)
($797,971.58)
3
March 1, 2004
Dear Sir or Madam,
The Firemen's Pension and Relief Fund Board of Trustees is now accepting nominations for one
retired member position and one active member position.
The one retired member position will have a term end date of April 30, 2006; Pete Reagan is
currently serving m the retired member position. The one active member position will have a
teen end date of April 30, 2006; Danny Farrar is currently in the active member position.
All current Board of Trustees members are willing to serve another term
All Board of Trustees nominations must be submitted in writing and remitted to:
Sondra Smith
City Clerk
113 W. Mountain Street
Fayetteville, Alt 72701
All nominations must be received by 5:00 p.m. on April 1, 2004.
If you have any questions, please call the City Clerk's office at 575-8323.
Sincerely,
Sondra Smith
City Clerk
Please tear here and return bottom portion only.
nominate the following
to serve on the Firemen's Pension and Relief Fund Board of Trustees.
April 15, 2004
Re: Election of Firemen's Pension Board Member
Dear Pensioner;
I have received the following nominations for the retired position on the Firemen's
Pension and Relief Fund Board of Trustees. Retired members and Drop participants are
asked tovote for the nominee they feel will best represent their interest while serving on
the board. Please select one nominee that you would like to serve on the board from
the following nominees.
Please mark and retum the attached ballot by May 1, 2004 (must be postmarked by
May 1„2004) to:
City Clerk
113 West Mountain Street
Fayetteville, Arkansas 72701
If you have any questions, please call the City Clerk's office at 575-8323.
Sincerely yours,.
Sondra Smith
City Clerk
Please tear here and retum bottom portion only.
Please make one selection. Ballot must be postmarked by May 1, 2004
The Voke for Public Pensions
City Clerk
Fayetteville Fire Fighters Pension & Relief
113 West Mountain Street
Fayetteville, AR 72701
NCPERS 2004 Annual Conference and Exhibition
Anaheim Hilton, Anaheim, California
Pre -Conference April 30 -may 1, 2004 * Main Conference may 2-6 2004
Certification of Delegates Form
Your organization is entitled to send an unlimited
number of attendees to the Conference:
2 can be voting delegates and 2 can be alternates
membership ID: 0RG11313
Date. 01/07/04
NCPERS Official Voting Rules
Official delegates to the Annual Meeting are required to file their credentials with the Secretary of the Conference no later
than 15, days prior to the Annual Meeting. This document shall serve as proper notice in accordance with the bylaws Article
3, Section 2.
•
1. Only delegates or their assigned alternates are eligible to vote on matters before the Conference. Alternate
delegates are authorized to vote only if the registered delegate is unable to attend the Conference. No person shall
be a delegate for more than one member group or organization.
2. All registration fees and membership dues must be paid in full prior to the conference. Delegates may not
participate in the National Committee Election on Monday, May 3, 2004, if fees are not paid in full.
3. Once the list of delegates has been filed with the Secretary, any changes must be received in writing no later than
April 15, 2004.
4. The authorized names submitted will be selected in numerical order from the official delegate list until your voting
entitlement is exhausted. Other persons listed WILL NOT have a vote unless the persons listed previously are not
registered at the Annual Meeting.
5. This form must be received no later than April 15, 2004, to qualify your organization for all voting
procedures at the conference. KEEP A COPY FOR YOUR FILES.
Official Delegates Alternate Delegates
Authorized Signature Title
(Signature and title of person with authority to certify delegates and alternates delegated for the above organization)
FOR CRIDBdTIALSCOMMITTt£UMONLY—DO NOTWRITEIN THIS SPACE
-hove affiliated organization is entitled to
delegates and a like number of alternates.
Pat McElligott, NCPERS Secretary
Date
Mail Form To: NCPERS, 444 N. Capitol St., NW, Suite 221, Washington, DC 20001
v r >r r. r. r. or" PA Jr, r. IV r. r, Jr. i. iv IV F iv i• r. i. IV r. i. i. IV O. .. ., r. r
•
•
Wh'eCAVAa-mf
Receipt Verification Audit
FIRST-CLASS MAIL PERMIT NO 26887 DETROIT MI
POSTAGE WILL BE PAID BY THE ADDRESSEE
PENSIONS & INVESTMENTS
P O BOX 07937
DETROIT MI 48207-9903
I�I��II„I.„I�III�„I,. �II,I,�I,I„II Ilrl„I,I
2623963
Heather Woddru9 Trees S Trustee -
Fayetteville CIty Of
113 W Mountain St
Fayetteville AR 72701-6069
"' URGENT "'
RECEIVED
FEB 23 2004
CRY OF FAYt I i tVILLE
CrTYCLERK'SOFFICE
• 087/Ali L
02/19/04
V4ROB.
As a professional audited business publication, PENSIONS & INVESTMENTS Is required 16 have current
data on file.for.each of Its subscribers. Your cooperation Is needed In providing us,with the small arnounl-of
Information requested below.
Please fully COMPLETE, DATE, SIGN, and RETURN this form within the next 15 days to avoid
interruption In your complimentary service.
Do you wish to continue receMng PENSIONS & INVESTMENTS FREE OF CHARGE?.0 YES 0 NO
Signature - .Date Title
Email Address:
Your email address Is kept confidential. We will use it only to communicate with you about your subscription.
1. What best describes your Job function?
2. Check ONE of the following that best describes your company or firm:
Pension Plan Sponsor
A.0 Non -Financial Corporation D.0 Government )National, State, Local) C.0 Union
Omer.Tax-Exempt Fund Sponsor
B.0 Non-Pm611nstitution, Charitable Organization,
Association or Foundation
E. 0 International Orgentration, I.M.F., World Bank,
Develdpmaal Bank
: Fhlandal Institutions and Service Providers
IC 0 Commerclel Bank or Trust Company
L. O Thrla tatltudon
M.0 Insurance Company, Insurance Brokerage Finn
N.0 hvesknent Bank. Securities Brokerage, Stock
Exchange. Merchant Bank, Mortgage Company .
F.0 Educatonal Institution, Endowment
O Other '
0. 0 Independent lnvesbn.nt Advisor Firm, Mutual Fuad
P. 0 Real'Estate, Real Estale Management Company,
Reel Estate Broker -
0.0 Professional Servke (Law, Accounting: tenement •
Consulting, General Consumng, Mundell'
3. Check the value -of tax-exempt funds (I.e. pension funds) sponsored by your company of organization.
If you are employed by a financial Institution, check the -assets managed -by youfcompany.
AO Under $2 D.0$10-24.9 million G.0$100-249.9Minion. TA Over Sl bimon -
B.012 -4.9 n,ITon E. 0 325 - 49.9 harm 1-1.0 S250 - 499.9 moron •
C.015 - 9.9 m®on F.0 150-99.0 mmlon S.03500 - 999.9 n,Imon -
4. Check the number of employees In your company or total unto (association membership.
1.0 Under 150 3.0500-999 ' 5.0 5,000 or more
2.0151 -499 4.01,000 -4,999
. 5. Please Indicate the total sales volume of your.company.
AO Under StO matron C.0251-100 micron E.0$501,mlilon, 1 Maori W. OHM appkcabb
B.0$10 -5O moron 0.0 3101-500mmon . F.00nse$1 Mon
Please make address corrections above: Refold entire forniso our return address'appears Ihrough•wlndow of
envelope provided.
t******************************** •