PB 08/14/2007 Minutes - Laserfiche WebLink

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Police/Fif•e Pensfon Board of Trustees August 14, 2007 Page 4 I1. Miscellaneous/Discnssion Items (a) Police Officers' and Firefighters' Pension Conference -October 22, 23 and 24, 2007 Radisson Hotel & Conference Center, 12600 Roosevelt Blvd., St, Petersburg, Florida MOTION; Moved by Chief Do~~ald Harkins to authorize the nxenkbers of the Board of Trustees to attend the conference in St, Petersburg on October 22, 23 and 24, 2007. Motion was seconded by Sgt. William Nas and carried unauimousiy ou a 3 - 0 vote. (b) Review of Pension Plan Forms -Chief Harkins stated that all the Pension Plan Members should be reminded to update their beneficiary forms. All pension plan forrrzs were included in the packet for information purposes. A complete list of these foztzzs are attached to and made a part of these minutes. Items Added to the Agenda Plan Administrator Chief Harkins asked that the Board consider hiring an outside Administrator for the Plan. The Attorney asked for authorization to send out a Request for Proposal for the Administrator that will be funded by the Pension Plan. MOTION: Moved by Chief Donald Harkins to authorize the Board Attorney to prepare a Request for Proposal (RTP) for an Administrator for the Plan, Motion was seconded by Sgt. William Nas and carried unanianousty on a 3 - d vote. The Board will review the proposals at the next Quartezly Meeting on November 13, 2007. Benefit Survey Froze the audience, Firefighter Aaron Imeson asked if a decision had been made regarding funding enhanced benefits, i.e. increasing the 3% multiplier to 3.5% or reducing the years of service from 25 years to 21 years. After discussion, the Board opted to conduct a survey to determine the preference of the Plan Members. MOTION: Moved by Sgt. William Nas to authorize that a survey be conchictecl to determine the preference of the Plan Members regarding the 3% multiplier and reducing the retirement years from 25 to 21. Motion was seconded by Chief Donald Harkins and carried unanimously ou a3-Ovote. The survey will be conducted by the City Clerk in conjunction with the election of a b'irefighter member on November 1, 2007• The results of the election survey will be reported at the November 13, 2007 meeting.