1987-10-09 General MeetingEmplyee Pension Plan Trustee Meeting
October 9,1987
Continuation of Minutes
The new trustees were informed to obtain a copy of the required
Disclosure Packet and fill in the appropriate items and turn
the form into the Supervisor of Election office.
The trustees decided that the best time to meet would be at
8:00 A.M. in order to keep from interrupting anyone's schedule
later in the day.
October 29,1987 at 8:00 A.M. was scheduled as the next meeting
date for the combined group of trustees. Meeting will be held
at City Hall.
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City of Okeechobee
*a„ Employee Pension Plan
Trustees Meeting
October 9,1987
A joint meeting of the pension plan trustees was held this date
at City Hall.
Trustees present:
General employees: L.C. Fortner, Jr; Johnny Bennett;
Chuck Elders; Andy Rubin
Police: Larry Mobley; Larry Coonfare; L.C.
Fortner,Jr.; Jerry O'Bannon
Fire: Lynn White; Billy Douglas; Gary
Scherrer; Tracey Haberlandt
Others present: Bernice Elders; and Richard (Dick)
Fleurant.
The pension plan, financial status and trustee structure was
explained by L.C. Fortner, Jr. A list of all trustees, a summary
of funds and a summary of the pension plans were passed out to
each trustee.
By motion and vote the Firemen trustees voted for the following:
Chairman- Gary Scherrer; Secretary -Bill Douglas.
By motion and vote the Police trustees voted for the following:
Chairman -Larry Mobley; Secretary-L.C. Fortner, Jr.
By motion and vote the General employees voted for the following:
Chairman-L.C. Fortner,Jr.; Secretary -Johnny Bennett.
In seperate actions, the Fire, Police, and General Employees voted
to appoint Bernice Elders as paying agent and record keeper for
all three funds.
Investment of funds was discussed by the combined group of
trustees. Each group of trustees stated their desire to hear
presentation from several local banks or investment firms
and then the trustees would decide which method of investment
was the best for the pension plan. More discussion on this later.
Each trustee of the pension plans was encouraged to discuss
matters pertaining to their plan with their chairman of their
pension plan.
Each secretary was instructed to keep minutes of any meeting
held by their trustees and present a copy to Bernice Elders for
record keeping.
*ftr