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Police/Fire Pension Board Meeting <br />June 14, 2011 <br />Page 4 <br />o Firefighter Russell Ward III —Effective February 7, 2011 <br />o Firefighter Michael Warren —Effective February 7, 2011 <br />o Police Officer Andrew Cusik — Effective March 14, 2011 <br />o Police Officer Adam Philips —Effective March 14, 2011 <br />9. Discussion Items <br />Mr. Newlon noted that special risk contribution rates for FRS have dropped significantly, while <br />the City is still being required to contribute roughly 23% with the City's pension plan. Mr. <br />Christenson noted that perhaps some of the cuts in plan details created enough savings to offset <br />the contribution rate. <br />10. Staff Report <br />Matt Hettler & James Strenth attended the Pension & Trustees School in Tallahassee. Changes to <br />the Comprehensive Annual Financial Report footnote relating to the Police and Fire Pension Plan <br />will be implemented in fiscal year 2011. Fiduciary insurance was renewed and paid by the City <br />on June 3, 2011. <br />11. Other Business <br />Mr. Pavlis, Chairman of the Board, will not be able to attend the next scheduled meeting. <br />Mr. Glancy will preside at the meeting in Mr. Pavlis' place. <br />12. Adjournment <br />The Chairman adjourned the meeting at _10:57AM. <br />Submitted by: <br />Rebecca Bowman <br />Records Management Liaison Officer <br />Appr ved by the Po ice Officers' and Firefighters' Board <br />John J. Pavlis, Chairman <br />Date <br />