1995-02-06 General Fund MeetingFebruary 6, 1995
I*ftw` General Employee's Pension Board Meeting
Members in attendance: L. C. Fortner, Jim Threewits, Jerry
O'Bannon, and Roger Jones.
The meeting was called to order by L. C. Fortner @ 7:20 p.m. on
this date.
The discussion centered around the direction that the general
employee' and each member wanted to go regarding changes to the
pension ordinance and what the City Council may be willing to do.
Members raised the fact that our rate of return on our
investments verses the cost of administration were very close to
just offsetting each other. And this has caused some concern
among all members. Mr. Fortner asked everyone to go over the
provided materials and be ready to ask these questions to our
investment people at the next meeting.
Motion was made by Jerry O'Bannon and seconded by Roger Jones for
L. C. Fortner to talk to our attorney regarding addressing the
City Council and getting the direction that the Council is
willing to go concerning the pension ordinance changes; using the
changes that the employee' and the board members wanted.
Meeting was adjourned by Chairman Fortner @ 9:40 p.m..
L. C. Fortner, Chairman Jim Threewits, General
Employee Pension Board
Member