1976-12-14 General MeetingCity Of Okeechobee
LANDON C. FORTNER, JR. Public Works Department
WATER,
Director 55 South East 3rd Avenue
OKEECHOBEE, FLORIDA 33472 SEWER &
STEPHEN C. FIGLEY STREET
Assistant Director PHONE (813) 763 -7054 DIVISIONS
Meeting of Trustees
December 14, 1976
Present: Rick Roberts, Sandra Bennett, Mr. E.H, Hunt,
Tommy Gaughan, Phil Berger, Olen Godwin, Jinks Reutebuch,
Chuck Elders, John Bennett, Larry Mobley, Phillip Purvis,
L.C. Fortner.
Discussion was held on transferring Pension Funds to
Mass. Mutual Insurance Co. so that a higher interest
rate could be earned on the money therefore the retirement
benefit could be raised approximately 25 %. A motion was
made by Olen Godwin and seconded by Larry Mobley to leave
all Pension monies in Certificate of Deposit in local
banks. Motion carried.
Motion made to transfer excess funds, after New York
Life Ins. Co. was paid, to Certificate of Deposits.
Motion was made for each of the three pension plans.
All motions carried.
Meeting adjourned.