1990-11-05 Fire Fund MeetingCity of Okeechobee
Fire Department
CITY OF OKEECHOBEE
FIREFIGHTER PENSION BOARD MEETING
NOV. 1.,11990
Members preseht-Rie h Tomey, Ricky Holt,
Williams.
P
Douglas, Clayton
Atter discussion, a motion was made by Keith Tomey to have 3 impact
study done, to pay into pension on 100% of salary, not just on the
base salary, second by Bill Douglas, motion passed.
Motion made by Keith Tomey to have a study done to go from 2% to
2./ 2.75/ or 3% also 25 years at age 55 instead ot age 52, 25
years regardless of age. second by BUJ Douglas motion passed.
Dscussion held by boards, also including Invesco and pension
attorney or restrictions and ordinances, maximum investment
percentage.
Motion by Keith Tomey to initate a 60% cap on equities, second by
Bill Douglas, passea,
Motion by '._:layton Williams, second by Keth Toney to initiate a 10%
cap on real estate investment, passed,.
Submitted by Bill Douglas.
55 S.E. Third Avenue • Okeechobee, Florida 34974-2932 • 813/763-4423