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Home My WebLink About1999-07-15 - Agendas - Final l FAYETTEVILLE •THE CITY OF FAYETTEVILLE, ARKANSAS A MEETING OF THE FAYETTEVILLE POLICE PENSION BOARD AGENDA JULY 15, 1999 A meeting of the Fayetteville Police Pension and Relief Fund Board will be held on July 15 , 1999 at 1 :00 p.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 . Investment report _ 4. Old business 1 . Election of members 2. Benefit increase 5 . New Business 113 WEST MOUNTAIN 72701 501 521-7700 FAX 501575-8257 a • MINUTES OF A MEETING OF THE FAYETTEVILLE POLICE PENSION BOARD APRIL 15, 1999 A meeting of the Fayetteville Police Pension and Relief Board was held on Thursday, April 15, 1999 at 1 :00 p.m. in Room 326 of the City Administration Building located at 113 West Mountain Street, Fayetteville, Arkansas. PRESENT: Mayor Fred Hanna, City Clerk Heather Woodruff, Randy Bradley, Jerry Friend, Eldon Roberts, Dr. James Mashburn, Hollis Spencer. ABSENT: None. APPROVAL OF THE MINUTES Mr. Roberts moved to approve the minutes of the last meeting. Mr. Bradley seconded the motion. Upon roll call the motion carried unanimously. • APPROVAL OF THE PENSION LIST Dr. Mashburn moved to approve the pension list. Mr. Roberts seconded the motion. Upon roll call the motion carried unanimously. KENNETH MARTIN APPLICATION FOR PENSION Mayor Hanna stated Mr. Martin was retiring. Mr. Bradley stated he did not see any problem with the figures. Mr. Roberts noted you could buy two years military time up to a maximum of $ 100 per month. This was a voluntary retirement. Mr. Friend moved to approve the application. Mr. Roberts seconded the motion. Dr. Mashburn questioned the buying of military time. He noted if people bought military time they usually bought it at the end of the time when they retired. Mr. Roberts explained they usually went back to the first time you were employed. One of the stipulations was that he had to participate up to twenty years in a police pension program before they could purchase time. Upon roll call the motion carried unanimously. T" •7 • Police Pension Minutes April 15, 1999 Page 2 OLD BUSINESS Mr. Roberts stated he had called Ms. Henshaw. She had assured them that the city had done what they needed to do; everything was complete and had been forwarded to the actuaries. INVESTMENT REPORT Ms. Longer presented the investment report. She stated they had sold all of their StaffMark stock, and reinvested in a small trucking company. Their largest investments were in AT&T, Tyson, Dupont, Emerson. She thought they were well diversified. OTHER BUSINESS Mr. Roberts stated there was a bill on the governor's desk which would raise everyone's pension to a minium of $400. This would be at the state's expense and would not cost the pension plan any money. The other business was that his term and Dr. Mashburn' s term was up. Meeting adjourned. • • RECEIVED POLICE PENSION FUND t� ��y � JULY 1999 �ppa LJ{i19 7 Ew r' • EMP# NAME GROSS FED. TAX ST. TAX NET GRY 154 ALLEN, CHARLES 1 ,362.49 110.00 1 ,252.49 152 ARNOLD, WILLADEAN 838.00 838.00 130 BAYLES, DON 836.80 836.80 107 BLACK, JOE P 593.38 593.38 120 BOWEN , J R 365.56 10.00 355.56 147 BRADLEY, GERALD 2,572.02 326.55 45.47 2,200.00 139 BRADLEY, RANDALL 1 ,523.29 1 ,523.29 101 BROOKS, BILL 801 .04 801 .04 151 COLE, RUSTON 1 ,616. 10 100.00 100.00 1 ,416. 10 109 COOPER, ADRIAN 350.00 350.00 111 DAY, LUCILLE 350.00 350.00 108 DENNIS, WARREN 731 .66 731 .66 125 FLOWERS, HAROLD 454.73 454.73 140 FOSTER, BILLIE D. 1 ,714.08 150.00 50.00 1 ,514.08 148 FRIEND, JERRY 1 ,661 .94 300.00 50.00 1 ,311 .94 145 HANNA, MARK 11442.90 120.00 35.00 1 ,287.90 124 HASKINS, RONALD 412.34 412.34 146 HUTCHENS, BERNICE 874.85 130.00 744.85 143 JOHNSON, CHARLES 1 ,294.42 42.67 11251 .75 103 JOHNSON, WENDELL 412.84 412.84 118 JONES, BOB 11739.83 1 ,739.83 144 KILGORE, DONALD 1078.80 19.72 11059.08 129 LAWSON , FORREST 826.51 50.00 776.51 150 LITTLE, PATSY R 350.00 350.00 153 LORCH, DONNA G 350.00 350.00 • 156 MARTIN , KENNETH 1970.02 450.00 140.00 11380.02 128 MCCAWLEY, LARRY 893.41 70.00 823.41 116 MCCHRISTIAN, MARIE 350.00 350.00 126 MCWHORTER, KAREN 485.02 485.02 136 MITCHELL, MICHAEL 1 ,215.23 150.00 1 ,065.23 141 MUELLER, ROSEMARY 1 ,088.01 1 ,088.01 112 MURPHY, JAKE 350.00 350.00 137 PERDUE, LARRY 1 ,224.39 100.00 1 , 124.39 132 PHILLIPS, HOMER GENE 926.80 300.00 626.80 105 PRESTON , GEORGE DAVID 844. 17 67.43 776.74 135 RICKMAN , LOREN 1 , 176. 11 169.00 20.00 987. 11 104 RIGGINS, RAYMOND C 885.84 100.00 785.84 115 RITCHIE, LIZZIE 350.00 350.00 122 SKELTON, FRANK 438.08 438.08 123 SPENCER, HOLLIS 725. 18 50.00 675. 18 155 STOUT, BETTY 415.25 415.25 133 SURLES, JERRY 11434.58 138.00 20.00 1 ,276.58 142 TAYLOR, DENNIS 11088.01 65.00 20.00 1 ,003.01 106 UPTON , FRANKLIN 557.24 10.00 547.24 110 WATTS, BEULAH 350.00 350.00 149 WILLIAMS, JOYCE 1 ,217.07 217.07 1 ,000.00 134 WITT, DON 931 .39 64.00 667.39 127 WOOD, PAUL J 833.38 833.38 ---------------------------- $44,302.76 $3,247.05 $542.86 $40,512.85 J Boards and Commissions July 6, 1999 POLICEMEN'S PENSION AND RELIEF BOARD OF TRUSTEES DESCRIPTION: The Policemen's Board of Trustees was established pursuant to the Arkansas State Code. The Board was created to provide for the disbursement of the Firemen's Relief and Pension Fund and shall designate its beneficiaries as directed in this act. The Board shall have the power to make all rules and regulations needful of its guidance to implement the provision regarding Board composition. TERMS: Two-year terms, ending May 1 . MEMBERS: The Board shall be composed of seven members as follows: — The chief executive, who shall serve as chairman of the board; The city treasurer, who shall be the treasurer of the fund; Four active or retired members of the pension fund. APPOINTMENT: Active pension fund members shall elect the active members by secret written ballot in may of each year, with the member or members to be chosen in alternating years. The retired members shall be chosen in May of each year, by a method to be determined • by the board, with the member or members to be chosen in alternating years. CONTACT: Heather Woodruff, City Clerk, 575-8323. PUBLIC NOTIFICATION: Meetings are published by the City Clerk on the weekly meetings list which is distributed to the media representatives with press boxes in the City Clerk's office and released via the intemet on the city's web site at htto://www.uark.edu/ALADDIN/cityinfo/ cityweb. MEETING TIMES: Regular meetings are held the third Thursday of each quarter at 1 :00 p.m. at the City Administration Building. • 40 F " Boards and Commissions July 6, 1999 POLICEMEN'S PENSION AND RELIEF FUND BOARD OF TRUSTEES Chairman Eldon Roberts Mayor Fred Hanna Rt. 10 #41 E. 29th Cr. Fayetteville, AR 72701 Fayetteville, AR 72701 521 -8050 H)443-4980 W)575-8330 7/17/97 to 5/1 /99 11/10/92 to indef. Treasurer Hollis Spencer Heather Woodruff P.O. Box 267 P.O. Box 293 Fayetteville, AR 72702 Fayetteville, AR 72702 443-3044 W)444- 1807 575-9320 W)575-8323 5/0/96 to 5/1/98 Randy Bradley 16951 Dripping Springs Road West Fork, AR 72774 • H) 761 -3515 W) 444- 1739 Jerry Friend 1640 Stewart Fayetteville, AR 72703 H) 443-9337 W) 444- 1742 Second term 7/17/97 to 5/1/99 Dr. James Mashburn 236 Oakwood Ave. Fayetteville, AR 72703 442-8225 7/17/97 to 5/1/99 • 41 e