Loading...
HomeMy WebLinkAbout2009-04-20 Police & Fire Pension Board Minutes City of Dania Beach Police and Fire Fighters Retirement System 113 S.W. 1 Street Dania Beach, Florida 33004 Phone: (954) 921-0404 Fax: (954) 921-1403 E-mail: PFPENS@bellsouth.net =RFCF11VE April 20, 2009 Page 1 of 5 MINUTES APRIL 20, 2009 REGULAR MEETING I. CALL TO ORDER The meeting was called to order by Chairman Rogers at 7:35 PM MEMBERS PRESENT: MEMBERS ABSENT: Larry Rogers Vince Marlin Beulah Lair Joseph Spongross Todd Neal Carolyn Jones Wardell Lee Roger Handevidt Commissioner Bob Anton ALSO PRESENT: Attorney Bob Sugarman —Sugarman &Susskind, PA Pedro Herrera —Sugarman &Susskind, PA Lance Oliver— Motley Rice LLC II. POLICE APPOINTMENTS Nineteen ballots that were received in the Board of Trustees office were opened and the following two police officers were re-elected to the Board unanimously: LARRY ROGERS VINCE MARLIN III. FIRE APPOINTMENTS This item is pending since there has not been an election as of this date April 20, 2009 Page 2 of 5 IV. COMMISSION APPOINTMENTS The Dania Beach City Commission, at their regular meeting held on March27, 2007 appointed the following Commissioner to serve on the Police and Fire Pension Board for the 2009 — 2011 term: COMMISSIONER BOB ANTON The Dania Beach City Commission, at their regular meeting held on April 14, 2009 re-appointed the following three residents to serve on the Police and Fire Pension Board for the 2009— 2011 term: BEULAH LAIR WARDELL LEE ROGER HANDEVIDT MOTION by Beulah Lair to seat all of the elected and re-appointed trustees. SECOND: Wardell Lee PASSED UNANIMOUSLY V. ELECTION OF NINTH MEMBER In compliance with Section 18-46(1) (d) of the City of Dania Beach Code of Ordinances, nominations were accepted for the ninth member of the Board MOTION by Beulah Lair to nominate Carolyn Jones to continue to serve as ninth member of the Board for another two year term SECOND: Wardell Lee PASSED UNANIMOUSLY with C.Jones abstaining VI. ELECTION OF OFFICERS In compliance with Section 18-45 3 of the City of Dania B p ( ) ty a a each Code of Ordinances, nominations were accepted for the positions of three principal officers of the Board of Trustees. (A) CHAIRMAN Trustee Spongross nominated Larry Rogers as Chairman of the Board of Trustees. Nomination was accepted. No other nominations were voiced. LARRY ROGERS is ELECTED AS CHAIRMAN BY ACCLIMATION April 20, 2009 Page 3 of 5 (B) VICE CHAIRMAN &SECRETARY Ted Spongross was nominated as Vice Chairman and Beulah Lair was nominated as Secretary of the Board of Trustees. Nominations were accepted. No other nominations were voiced. MOTION: by Carolyn Jones to keep Vice Chairman and Secretary the same. SECOND: Wardell Lee PASSED UNAMINIOUSLY ALL TRUSTEES IN ATTENDANCE THEN TOOK AN OATH OF OFFICE VII. APPROVAL OF MINUTES MOTION by Carolyn Jones to accept minutes from the March 16, 2009 meeting as submitted with one correction removing her from members absent as she was in attendance. SECOND: Beulah Lair PASSED UNANIMOUSLY VIII. CONSENT AGENDA No Items were listed on Consent Agenda IX. OLD BUSINESS X. NEW BUSINESS 10.1 Bill from Gabriel, Roeder, Smith &Comoanv This item was tabled until the next meeting. 10.2 Chester Bolton Health Insurance Chester Bolton's health insurance has been covered by the City as Family Coverage. Each year he has sent the open enrollment form back showing no changes with a dependent noted on the form. The Plan has been paying Single Health Insurance premiums from the Chapter 175 Reserve Benefit since Chester Bolton had elected and informed the pension office that he had Single coverage. The City is requesting payment for the difference in premiums between the Single and Family. Avmed will not reimburse the City as the time period is too long. Board attorney advised that this issue is to be resolved between the City and the member. The Retirement System acted accordingly with all documented elections and instructions from member because Retirement System Administrator was instructed by member to pay single coverage. The Retirement System timely paid the requested premiums and informed the City what coverage was being paid for by the Retirement System on a regular basis. April 20, 2009 Page 4 of 5 MOTION by Vince Marlin denying the Cities request to pay back health insurance premiums for the difference between family and single coverage as the retirement system has always identified Chester Bolton as single from instruction from him and the City accepting previous payments indicating him as single. SECOND: Roger Handevidt PASSED UNANIMIOUSLY XI. CORRESPONDENCE 10.1 Christopher Sayer Letter/Request Christopher Sayer has sent a letter to the Board requesting a disability pension buyout. MOTION by Roger Handevidt to deny this request based on the facts presented. SECOND: Carolyn Jones PASSED UNANIMIOUSLY XII. NEW EMPLOYEE APPLICATIONS XIII. RETIREMENTS / TERMINATIONS XIV. OPEN DISCUSSION AND INFORMATION 14.1 FPPTA June 28-3uly 1, 2009 Conference in Boca Raton The FPPTA 25 h Annual Conference is being held at the Boca Raton Resort&Club June 28-July 1, 2009 MOTION by Vince Marlin to approve expenses for any Trustee wishing to attend the FPPTA's Annual Conference in accordance with the Trustee Travel Guidelines. SECOND: Beulah Lair PASSED UNANIMOUSLY 14.2 Meeting Change Chairman Rogers discussed with the Board changing the next meeting to May 11, 2009 MOTION by Wardell Lee to change the next meeting of the Board of Trustees to May 11, 2009 at 7:30pm in the pension office. SECOND: Ted Spongross PASSED UNANIMIOUSLY XV. ATTORNEYS REPORT 15.1 Attorneys Bob Sugarman and Pedro Herrera discussed various issues pending before the State legislature. April 20, 2009 Page 5 of 5 15.2 Lance Oliver— Motley Rice LLC Attorney Sugarman introduced Attorney Lance Oliver from Motley Rice, LLC to the Board. Discussion by Lance Oliver took place regarding excessive executive compensation and the potential for a derivative action lawsuit, with the Retirement System serving as Plaintiff, against Goldman Sachs. MOTION by Vince Marlin authorizing the engagement of Motley Rice to issue demand letter on behalf of Retirement System. Chairman Rogers is authorized to sign an engagement letter with Motley Rice for the sole purpose of instituting and authorizing a demand against Goldman Sachs. SECOND by Carolyn ]ones PASSED UNANIMIOUSLY XVI. AD3OURN MOTION by Vince Marlin to adjourn meeting SECOND: Beulah Lair Meeting adjourned at 8:45 PM