HomeMy WebLinkAbout1987-03-02 MinutesMINUTES OF A MEETING OF THE FIRE PENSION BOARD
A regular meeting of the Fayetteville Fire Pension and Relief Fund Board of
Trustees was held on Monday, March 2, 1987 at 4:00 p.m. in Room 326 of City
Hall.
PRESENT: Chairman Don Grimes, Secretary Suzanne Kennedy, Fire Chief
Mickey Jackson, Fireman Pete Reagan, Fireman Darrell Judy,
Retiree Carl Springston.
ABSENT: Treasurer Scott Linebaugh, Fireman John Dill
CALL TO ORDER
The meeting was called to order by Chairman Grimes at 4:00 p.m. Judy
Huffaker was present on behalf of Scott Linebaugh.
MINUTES
It was moved by Reagan, seconded by Springston, and unanimous, to approve
the minutes of the February 3rd meeting, with one change suggested by Pete
Reagan (changing "would" to "had" in the fifth line of the fourth paragraph
on page one).
PENSION LIST
Carl Springs ton announced that Ansel Polly had passed away and his widow's
name should be included on the Pension List.
It was moved, seconded and unanimous, to approve the Pension List for the
month of March.
BENEFIT INCREASE REQUEST
Fire Chief Mickey Jackson reported he received a letter from the Executive
Director of LOPFI informing the Board that the proposed benefit increase may
be granted, but it must be reviewed by the Arkansas Fire and Police Pension
Review Board during the first Quarter of 1987. Jackson said LOPFI asks to
be notified if the Fire Pension Board wishes to be placed on the agenda of
the Review Board, but states that prior to the review, the Fire Pension
Board is authorized to institute the benefit increase.
Jackson said the information received from LOPFI included actuarial
information which shows the percentages of our portion of accrued
liabilities covered by assets. Jackson noted that the study projects the
fund will remain actuarily sound after the increase.
Fire Pension Minutes
March 2, 1987
Page Two
The Board discussed the fact that the request for an increase was to be
retroactive to an earlier date. It was decided to wait until the Review
Board meets. Fireman Pete Reagan agreed to the contact Cathyrn Hinshaw,
Executive Director of LOPFI, regarding the Review Board's next agenda.
ADJOURNMENT
There being no further business before the Board, the meeting was adjourned
at 4:20 p.m.
CHAIRMAN