Title
Retirement Board Meeting of February 10, 2011
Body
SUMMARY OF MINUTES
1. Roll call.
2. Election of a Chairman for the Retirement Board [Retirement Ordinance Section 50-88(a)]. The Board unanimously elected Troy Easley as Chairman of the Retirement Board.
3. Election of a Vice-Chairman for the Retirement Board [Retirement Ordinance Section 50-88(b)]. The Board unanimously elected Les Space as the Vice-Chairman of the Retirement Board.
4. Election of Investment Committee members [Retirement Ordinance Section 50-121]. The Board unanimously elected Steve Naclerio, Randy Hoff and Donald R. Hill as Investment Committee members.
5. The Board approved the meeting minutes for January 13, 2011.
6. The Board approved the Executive Summary minutes for January 13, 2011.
7. The Board Attorney Alan Greenfield updated the Board on current pending items.
8. The Administrative Manager’s Report was reviewed and accepted.
9. The Board approved the following applications for Retirement Benefits and DROP Benefits:
Retirement Benefits:
Retirement application of Victor Goizueta of the Automotive Department, 24 years and 5 months, Option 2B-66 2/3%, effective February 1, 2011.
DROP Benefits
DROP application of Dennis Poin of the Building and Zoning Department. Effective date February 1, 2011.
DROP application of Michael Jennings of the Fire Department. Effective date February 1, 2011.
DROP application of Gail Springer of the Public Works Department. Effective date February 1, 2011.
DROP application of Caryn Cotton of the Human Resources Department. Effective date February 1, 2011.
10. Submission of bills for approval. (Administrative Manager recommends approval of the following invoices). The following invoices were approved for payment:
Stanley Holcombe & Associates, Inc. invoice #3740 dated January 26, 2011 for actuarial consulting services from October 9, 2010 through January 3, 2011 in the amount of $8,700.00. This invoice is in accordance with the cont...
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