1993-02-23 General Fund MeetingCITY OF OKEECHOBEE
GENERAL EMPLOYEES PENSION PLAN
TRUSTEE MEETING; `MINUTES -
FEBRUARY 23, 1993
The meeting was called to order at 12:56 P.M.
Trustees present: L.C. Fortner, Jr., Mike O'Connor, Charles
Elders, and Lola Parker.
Others Present: Bernice Elders
Motion by Charles Elders, and second by Mike O'Connor to pay
early retirementlumpsum payment of $7,014.87 (Acturial figure)
as requested by Edward W. Douglas by letter.
The Trustees discussed the proposed Ordinance change for interest
on the member's own contributions from 51/4 percent to 3 percent
and agreed to leave the wording and amount as is in the proposed
Ordinance.
The Trustees also discussed the possibility of a retired employee
continuing in the Cities group Health Insurance at the time of re-
tirement. Chairman L.C. Fortner,Jr., instructed Secretary Lola
Parker to draft a memo to the City Council thru City Administrator
John J. Drago for Council approval of retirees continuing in the
Cities group health insurance plan.
There being no further business, meeting was adjourned at 1:57 P.M.
GENERAL FUND CHAIRMAN __C-✓ L
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L. Fortner, Jr.
GENERAL FUND
SECRETARY U�'L -- -
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LOLA PARKER