HomeMy WebLinkAbout2005-03-31 MinutesFiremen's Pension and Relief Fund
Board of Trustees Meeting Minutes
March 31, 2005
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Firemen's Pension and Relief Fund
Meeting Minutes
March 31, 2005
A meeting of the Fayetteville Firemen's Pension and Relief Fund was held at 12:00 AM on
March 31, 2005 in Room 111 of the City Administration Building
Marion Doss called the meeting to order
Present: Pete Reagan, Robert Johnson. Marion Doss, Danny Farrar, Ronnie Woods, City
Clerk Sondra Smith and City Attorney Kit Williams.
Absent: Mayor Coody
Approval of the February 24, 2005 Meeting Minutes:
Pete Reagan moved to approve the Minutes. Robert Johnson seconded the motion. Upon
roll call the motion passed 6-0.
Approval of the April 2005 Pension List:
Sondra Smith: Lonnie Napier has moved from the DROP portion for April to the regular
pension list. Also Floyd Carl deceased.
Marion Doss: Is Pauline Skelton still living?
Sondra Smith: I think so, I will check.
Robert Johnson: Are those the only changes to the list?
Sondra Smith: Yes.
Robert Johnson moved to approve the Pension List. Pete Reagan seconded the motion.
Upon roll call the motion passed 6-0.
Longer Investments:
A copy of the investment report was given to the Board.
Firemen's Pension and Relief Fund
Board of Trustees Meeting Minutes
March 31, 2005
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Old Business:
Signed Investment Policy
A copy of the revised signed investment policy was given to the Board.
NCPRES Conference
Sondra Smith: I have attached a copy of Pete's travel request, it shows the approximate cost of
his trip to the conference.
New Business:
Floyd Carl Death Certificate
A copy of Floyd Carl's death certificate was given to the Board.
Affidavits — Non -return
Sondra Smith: We have a problem with some of the pension folks not turning their affidavit's
in to us. I think we should set a policy. Without the affidavit if a pension person lives out of
state there would probably be no way of knowing when someone deceased. I would like this
Board to set a policy stating if we do not receive the affidavits by a date specific, then we hold
their checks until we receive the affidavit.
Pete Reagan moved that the Board set a policy that when the affidavits are sent to the
pensioners if they are not received within a 30 day time period of the due date that is stated
on the notice that all retirement payments be stopped until such affidavit is received by the
City Clerk. Robert Johnson seconded the motion.
Marion Doss: Is 30 days enough time for you Sondra.
Sondra Smith: We usually give them a long deadline. We send the affidavits out in December
and we usually give them until the end of January to return them I think that 30 days after the
due date should be sufficient. The affidavits protect the Pension Board from people drawing a
pension check that are not eligible to draw a check.
Upon roll call the motion passed 6-0.
2005 Elections
Sondra Smith: Robert and Ronnie are you willing to serve another term?
Firemen's Pension and Relief Fund
Board of Trustees Meeting Minutes
March 31, 2005
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Robert Johnson: Yes.
Ronnie Wood: If elected yes.
Sondra Smith: I will send the nomination letter out. After we receive the nominations I will
send the election forms out. Do they go to everyone receiving a pension check?
Marion Doss: Yes. We represent all of the people on the pension list.
Lonnie Napier's retirement
Danny Farrar: Do you have everything from him
Sondra Smith: Yes. Don't we need to vote on his retirement?
Pete Reagan: When we approve the pension list we are approving his retirement.
Meeting Adjourned at 12:20