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Police/Fire Pe~tsion Boas°d Meeting <br />February I7, 2009 <br />Page 4 <br />A discussion ensued about whether it would be more advantageous to merge the Share Plan <br />benefit into the one ordinance or to prepare a separate ordinance that would require separate <br />adoption by the City Commission. The concern raised was that if the City Commissions was to <br />find that it did not favor one proposed benefit that it would not bar the other if the rivo were <br />presented in separate ordinaa~ces. <br />Discussion broadened to consider whether to make optional changes described within the <br />Attorney's report now authorised by the Florida legislature. It was decided to take no action to <br />exterid the terms of trustees from two years to four years or to allow retirees to report payments <br />made for health insurance to the PIan for exclusion from taxable benefits. It was decided that the <br />Plan should allow the buyback of time carved with eligible out of state agencies. <br />MOT)fON. Moved by William Nas to merge tl~e Share plan into the ordinance already <br />prepared to include the DROP plan and other changes and to allow the <br />buyback of time for service to eiigible out of state agencies. Motion was <br />seconded by Daniel Glancy and carried unanimously on a S - 0 voice vate._ <br />10. NeFV Business <br />The next Pension Board Meeting is Tuesday, August 18, 2009. <br />11_. ~4dlournment <br />The Chairman adjourned the meeting at 11:25 a,m. <br />Submitted by: <br />Sue Maddox ` <br />Records Management Liaison Officer <br />Approved by the,Police <br />and F'irefighters' Board <br />~~ ;~ ~~ c <br />Date <br />