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HomeMy WebLinkAbout2005-09-29 MinutesFiremen's Pension and Relief Fund Board of Trustees Meeting Minutes September 29, 2005 Page l of 3 Firemen's Pension and Relief Fund Board of Trustees Meeting Minutes September 29, 2005 A meeting of the Fayetteville Firemen's Pension and Relief Fund Board of Trustees was held at 11:00 a.m.on September 29, 2005 in Room 326 of the City Administration Building. Marion Doss called the meeting to order. Present: Marion Doss, Dennis Ledbetter, Ronnie Wood, Sondra Smith, Trish Leach, Accounting Department and Kit Williams, City Attorney. Absent: Mayor Coody, Danny Farrar and Pete Reagan. Approval of the August 25, 2005 Meeting Minutes: Kit Williams, City Attorney: I wasn't at the beginning of the August meeting but arrived after the meeting had started. Would you please add my name to the minutes as being present. Dennis Ledbetter moved to approve the August 25, 2005 meeting minutes as amended. Ronnie Wood seconded the motion. Upon roll call the motion passed 4-0. Mayor Coody, Danny Farrar and Pete Reagan were absent. Approval of the Pension List: Approval of the revised September, 2005 Pension List Marion Doss: The supplement amount was not on the September Pension list when we approved it in August. The September list has been revised and needs to be approved again. Ronnie Wood moved to approve the revised September, 2005 pension list. Dennis Ledbetter seconded the motion. Upon roll call the motion passed 4-0. Mayor Coody, Danny Farrar and Pete Reagan were absent. Approval of the October, 2005 Pension List Dennis Ledbetter moved to approve the October, 2005 pension list. Ronnie Wood seconded the motion. Upon roll call the motion passed 4-0. Mayor Coody, Danny Farrar and Pete Reagan were absent. Firemen's Pension and Relief Fund Board of Trustees Meeting Minutes September 29, 2005 Page 2 of 3 Old Business: Nichols & Campbell, P.A. - Income Tax Refund for Retirees - Checks should have been issued by the State. Sondra Smith: Some pensioners have received their checks from the State. Trish Leach, Accounting: We sent letters to everyone letting them know if they were qualified. They had to sign the letter and send it back if they wanted to participate. We then sent the information to the State. The State had one question and we responded to that question. New Business: Approval of the Equity Allocation Overage for July 31, 2005 - Longer Investment Statement. Sondra Smith moved to approve the overage in Equity. Ronnie Wood seconded the motion. Upon roll call the motion passed 4-0. Mayor Coody, Danny Farrar and Pete Reagan were absent. Kim Skelton — Proof of Enrollment. Sondra Smith: I have proof of enrollment from Kim Skelton. Kelly Skelton Pension Benefits Terminated August 31, 2005. Dennis Ledbetter: Did Kelly not return to school? Sondra Smith: She did not return to school full time, she only enrolled for 8 hours. I did not get a proof of enrollment from Kelly. I sent her a certified letter stating that her pension benefits would cease if I did not have proof of enrollment by September 7, 2005. I did not receive her proof of enrollment. I did receive from the post office the form that she had to sign to pick up the certified letter. Kit Williams: This means that her sister will receive her benefits. Sondra Smith: The pension amount was being split between the two sisters when one of the girls no longer qualifies the entire amount will go to the one that does qualify. Kelly was not going to qualify any longer after October because in October she would turn 23. Dennis Ledbetter: If she misses this time can she come back and draw in the future? Kit Williams: Well, she could have I think, but because of her age she is not going to be able to. Firemen's Pension and Relief Fund Board of Trustees Meeting Minutes September 29, 2005 Page 3 of 3 Sondra Smith: Kit and I have discussed the possibility that if they do not enroll in school one semester, they would not receive a check during the time they are not enrolled in school, but if they go back to school as long as they are still under the age of 23 then the check would be issued when proof of enrollment is received by this Board. 2005 Fire Pension Future Supplement Amount - $20,880.00: Marion Doss: That has been added to the September pension list. Trish Leach: The State tells us the amounts and who they go to. 2005 Future Supplement Letters: A copy of the letter that was sent to the pensioners was given to the Board. 2005 Fire Pension Turn Back Amount - $225,491.71: A copy of the amounts the Board received in 2004 and 2005 was given to the Board. Act 1921 of 2005 — Letter from PRB: Sondra Smith: This is a copy of a letter we received from PRB. We have already complied with the minimum of $100.00. Longer Investments: A copy of the Longer Investment Report was given to the Board. Meeting Adjourned at 11:20 AM.