HomeMy WebLinkAbout2008-01-14 Police & Fire Pension Board Minutes r M Pell OfL (—' I Comrn
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RECEIVED
City of Dania Beach FEB 2 0 2008
Police and Fire Fighters Retirement System
113 S.W. 1 Street SY:
Dania Beach, Florida 33004
Phone: (954) 921-0404 Fax: (954) 921-1403
E-mail: PFPENS@bellsouth.net
Page 1 of 2
MINUTES
JANUARY 14, 2008
REGULAR MEETING
I. CALL TO ORDER
The meeting was called to order by Vice Chairman Marlin at 7:50 PM
MEMBERS PRESENT: MEMBERS ABSENT:
Chairman Larry Rogers arrived at 8:10 pm Roger Handevidt
John Williamson Wardell Lee
Carolyn Jones
Vice Chairman Vince Marlin
Commissioner John Bertino
Secretary Beulah Lair
Ted Spongross
ALSO PRESENT:
Attorney Pedro Herrera - Sugarman & Susskind, PA
II. APPROVAL OF MINUTES
MOTION: by Beulah Lair to accept minutes from the December 17, 2007
meeting as submitted.
SECOND: Carolyn Jones
PASSED UNANIMOUSLY
III. CONSENT AGENDA
No items listed on the Consent Agenda
January 14, 2008
Page 2 of 2
IV. OLD BUSINESS
4.1 DUAL OFFICE HOLDING AMENDMENT
Vice Chairman Marlin opened discussion with the Board regarding
dual office holding and the requirement from the Division of
Retirement to change the present ordinance. City Attorney Ansbro
has contacted the labor attorney who has agreed to help him
write the amendment which he comments is not as simple
as it seems. Attorney Ansbro expects that the amendment
will be presented to the City Commission on January 22 or
their first meeting in February.
4.2 BERTUCCIO ICMA TRANSFER
The original transfer to Cash was done in December 2007
and the transfer went smoothly.
4.3 DIVESTURE IN SUDAN AND IRAN
Attorney Sugarman has prepared an informative report for
Secretary Beulah Lair to present to the City Commission regarding
the Fund's divesture in Sudan and Iran.
V. NEW BUSINESS
VI. CORRESPONDENCE
VII. NEW EMPLOYEE APPLICATIONS
VIII. RETIREMENTS / TERMINATIONS
IX. OPEN DISCUSSION AND INFORMATION
9.1 Administrator expenses have gone up and in order to stay current
on all expenses, the monthly transfer from Salem Trust should be
increased to $15000. per month. The monthly life insurance for
active and retirees that the system pays for is $3136.35
MOTION by Larry Rogers to increase the Administrators
monthly wire transfer from Salem Trust to $15000.00 and to
pay the State Farm life insurance bill as invoiced. The Board also
instructed the Administrator to do the following; question the Fund's
actuary and accountant as to the cost and necessity of life insurance;
and approach Finance Director, Patricia Varney about the possibility of
leasing office space in City Hall.
SECOND by Ted Spongross
X. ADJOURN
MOTION by Beulah Lair to adjourn meeting
SECOND: Roger Handevidt
Meeting adjourned at 8:50 PM