2003-09-23 Police Fund Special Meeting�
CITY OF OKEECHOBEE
POLICE PENSION FUND
Special Meeting
September 29, 2003
MINUTES
Trustees Present: Dennis Wayne Davis, Steve Padgett, Tommy Raulerson, Bettye
Taylor
Trustees Absent: Steve Nelson
General meeting called to order by L.C. Fortner at 5:00 PM.
Special meeting conducted by Attorney Scott Christiansen. Meeting reference
proposed ordinance change in which members leaving pension plan before
retirement would gain 0% interest. Christiansen asked all boards for input.
• Tommy Raulerson proposed we submit to Okeechobee City Council a proposal to
change the Police Pension Fund Accumulated Contributions Interest rate to 3% from
the current 4.25%, which would standardize all City Pension Plans. Bettye Taylor
seconded motion. Motion was carried with full majority.
Attorney Christiansen said he would submit both proposals to the City Council for
their review.
Board asked Christiansen to send for review some possible Drop Plan Proposals for
review by board members.
Meetin adjourned at 5:45 PM
, //�
� ��,�c
._,
Chairman Dennis Davis
�`--
Secreta Bettye aylor
CJ