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Police/Fire Pension Board of Trustees' <br />February 13, 2007 <br />Page ~l <br />10. Return of Contributions -David Cruz, Police Offtcer - 5295.53 <br />In a letter dated February 6, 2007 from Marlc Glover, City Interim Finance Director, the following return <br />of contribution was submitted foz• the Boaz•d's approval; <br />David Cruz, Police Officer - $295,53 <br />MOTION: Moved by Chief John Pavlis to approve the Return of Contribution to <br />Police Officer David Cruz as submitted in letter dated Tebruary 6, 200'7 <br />from Mark Glover, Motion was seconded by Sgt. William Nas and carried <br />unanimously by voice vote. {3 - 0) <br />11. Attorney's Report <br />Mr. Christiansen reported on pending Legislation in Tallahassee as follows: <br />A Bill that would allow Police Department Pension Plans to invest up to 20% rna~inurm <br />in Irrternationai Securities, rather than the 10% currently allowed. <br />A Bill that would allow the terms for Trustees to be changed by Ordinance from two {2) <br />year terms to four (4}year terms. <br />Discussed changes IRS that affect the way retirees pay for their insurance that will be <br />presented during this Legislation, <br />Mr. Christiansen also presented a request for fee increase to $290.00 per hour for legal services to be <br />effective April 1, 2007. <br />MOTION: Moved by Chief .Iohn Pavlis to app~•ove the requested fee increase from the <br />Board Attorney $290,04 hourly for services, one-half tlxat amoun# for travel <br />time; effective Apri11, 2007. Motion was seconded by Sgt. William Nas <br />and carried unanimously by voice vote. {3 - 0} <br />12. Miscellaneous <br />a) Police Officers' & Firefighters' Pension Trustees' School for March 12-14, 2007, <br />Florida State University, Tallahassee, FL <br />Trustees are required to obtain continuing education every rivo years. <br />