2015-12-07 Police Fund Special Meeting* CITY OF OKEECHOBE�
POLICE PENSION BOARD
Special Meeting December 7, 2015
Okeechobee Police Department
�o� 55 SE 3�d Ave
OKEECHOBEE, FL 34974
TRUSTEE ATTENDANCE:
Present: Dennis Davis, Chairman
Bettye Taylor, Secretary
Bill Bartlett
Jack Boon
Ray Worley
1. CALL TO ORDER POLICE BOARD MEETING:15:53 PM by Dennis Davis.
Waived the reading of prior meeting minutes and treasure report.
2. New Business:
� a. Opened for discussion of 3 RFP's for Administrator. After all 3 companies presented their offer discussion took place
of which company would benefit our Board the most. Price was comparable for all 3 offers. Pension Administration
Services was not considered because it is a one person company with no back up plan in case of disaster. Pension
Resource Center was liked but they had a built in 3% Cola in their cost. Foster & Foster was liked and no plans on
increase, locked in price for 2 years, and had Actuarially experience so knows what is expected by the Actuary.
b. Ray Worley made motion in favour of hiring Foster and Foster as Plan Administrator and to have Attomey Scott
� Christiansen prepare Order. Seconded by Bill Ba�lett. Motion passed all in favour.
c. Ray Worley made motion to allow Trustee Chairman and Secretary to sign Order prepared by Attomey Chris6ansen.
Seconded by Bill Ba�lett. Motion passed all in favour.
3. Bill Ba�lett moved to adjoum mee6ng at 16:00 Pm. 2�d by Bettye Taylor. Motion carried.
`-� Q.� �i�--
Prepared by: Bettye Taylor-Secretary
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