1990-08-14 Police Fund MeetingCity of Okeechobee
Police Pension Board Meeting
August 14,1990
trustee's present: Larry Mobley, Larry Coonfare, Cathy Kozol, Steve Nelson
Meeting called to order at 6:55 p.m..
General Employee's, Police and Fire have a combined meeting.
H.Lee Dehner, retirement plan legal council, speaks with boards about problems that exist
in our present retirement plans and City ordinances. The retirement plans and ordinances
need to be amended to conform with Federal and State statutes, wording,(definitions), in
the ordinances and retirement plans need to be changed and the retirement plans and ordinances
are lacking in several areas. Mr. Dehner will draft a new proposal that will modify the
retirement plans and ordinances, his drafted proposal will be presented to the boards on
our next scheduled meeting.
Mr.Dehner further suggests that our actuarial firm attend one of our meetings so they can
explain the actuarial report to the boards.
Each board gives Mr.Dehner the authority to contact the actuarial firm and obtain any
needed information, this gives Mr.Dehner the authority to act in the boards behalf.
Motion by Larry Coonfare to approve the minutes of the meeting of May 17,1990, seconded
by Larry Mobley. Motion was unanimously carried.
Motion by Larry Coonfare to accept and approve money expenditures in the amounts of
$333.00 for Audit, $5.19 for Check Charges and expenses for Seminar in Key West
($459.54 to Holiday Inn and $158.16 for food and gasoline ),these monetary expenditures
Ling accrued from April 01,1990 thru June 30,1990. Seconded by Steve Nelson.
Motion was unanimously carried.
Motion by Cathy Kozol to adjourn the meeting, seconded by Steve Nelson.
Motion was unanimously carried.
Meeting was adjourned at 8:55 p.m.
Police Fund Chairman
Police Fund Secretary's