2001-06-14 Police Fund Meeting.
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Trustees Present:
CITY OF OKEECHOBEE
POLICE PENSION FUND
June 14, 2001 S:OOpm
Special Trustee Board Meeting
Minutes
Larry Mobley, John Zeigler, Dennis Davis, and Steve Padgett
Larry Mobley called the special trustee meeting to order at S:OSpm.
John Zeigler presented two memos from Marita Rice, one memo dated May 15, 2001,
and another dated 3une 12, 2001, to board members.
There was discussion by board members relative to the two memos received from Marita
Rice.
There was a discussion initiated by Larry Mobley involving board members relative to
retiree payments and how funds are disbursed by OUA into the individual retirees'
accounts. After the discussion it was agreed upon by all trustees present to invite Marita
Rice to a future trustee board meeting and have her explain the payment policy to the
retirees, to the trustee board.
It was agreed upon by aii trustees present that Larry Mobley would discuss these t�vo
memos �vith Marita Rice.
There was discussion among board members about whether there was a need to draw up
and implement specific procedures relative to making and monitoring payments to retired
employees.
Motion by Steve Padgett to adjourn the special trustee meeting. Seconded by Dennis
Davis. Motion was carried unanimously. Meeting was adjourned at S:SSpm.
Respectfully Submitted,
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' �arry �Mol� Fund`Ch��n
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_ John Z,�gler Fund Sae�re4ary
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