HomeMy WebLinkAbout1987-05-04 MinutesMINUTES OF A FIRE PENSION & RELIEF FUND BOARD MEETING
A regular meeting of the Fayetteville Fire Pension and Relief Fund Board
of Trustees was held on Monday, May 4, 1987, at 1:30 p.m. in Room 313 of
City Hall, 113 West Mountain Street, Fayetteville, Arkansas.
PRESENT: Chairman Linebaugh, Fire Chief Mickey Jackson, Firemen
Pete Reagan and John Dill, Retiree Carl Springston.
ABSENT: Fireman Darrell Judy, Secretary Suzanne McWethy.
CALL TO ORDER
The meeting was called to order by Chairman Scott Linebaugh.
MINUTES
Minutes of the last meeting were approved unanimously with two amendments:
Correcting "wa" to "was" under "Minutes" and adding the total amount
of savings.
PENSION LIST
The pension list for May was approved unanimously.
OLD BUSINESS
Linebaugh reported that the $30,000 in savings that had been discussed
previously to be combined with two investments was not done because of
the need for cash flow.
A motion to begin benefits earlier, retroactive to May 1986, was approved
unanimously.
NEW BUSINESS
Representatives from Prudential-Bache and from Merrill Lynch gave short
presentations concerning the possible investment of pension funds with
their companies. The board members will consider the possibilities and
talk with the representatives again later.
ADJOURNMENT
There being no further business, the meeting adjourned at 2:20 p.m.