2006-12-12 General Fund Special MeetingCITY OF OKEECHOBEE AND OKEECHOBEE UTILITY AUTHORITY
PENSION BOARD SPECIAL MEETING MINUTES
DECEMBER 12, 2006 - 4:31 P.M.
1. The meeting was held at City Hall, 55 Southeast 3rd Avenue, Room 100, Office of
the City Clerk, Okeechobee, Florida and was called to order by Mr. Mullis at 4:31
p.m.
All board members were in attendance:
Crry GENERA000A MEMBERS: Jamie Mullis, Chair
Jerry O'Bannon Robin Brock
Lane Gamiotea, Secretary
Jess Manson
2. Consider a request to amend the pension plan to allow for a provision for City
Elected Officials to opt out of the plan - Lane Gamiotea.
Board Member Gamiotea advised that due to recent changes in the IRS laws and the real
estate market, a newly elected Council Member was requesting a change in the plan that
would allow elected official to opt out of the pension plan. Currently it is mandatory for the
elected officials of the city to participate in the pension plan. The problem that has arisen
is it is illegal for these elected officials to participate in the city's plan and continue their own
plan when they are self-employed, with a salary that is based solely on commission from
real estate or insurance sales. The city has two council members that would fall into this
category. Their positions are part-time and their annual salary is only $5,000.00 per year.
Board Member Manson moved to authorize Attorney Christiansen to draft the appropriate
ordinance that would amend the plan to allow elected officials only to opt out of the plan,
that should they choose to opt out, the benefit it lost to them. Second by Board Member
O'Bannon. Vote: all yea. Motion Carried.
3. Requests for additional items - Board Members. There were no additional request
discussed at this time.
4. Chair Mullis adjoumed the meeting at 4:55 p.m.
NOTICE IS HEREBY GIVEN that if any person should decide to appeal and decision made at this meeting
of the Board of Trustees, such person will need to insure that a verbatim record of the proceedings is
which includes the testimony and evidence upon which the appeal is base
Jamie Mullis, Chair
Lane Gamiotea,".Secretary
Minutes were approved on:
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