01-06-1959 Regular MeetingMIAMI SHORES VILLAGE
PENSION BOARD MEETING - January 6, 1959
A Pension Board meeting was called on January 6, 1959 at
5:00 P.M. , at the Village Hall. All members present: Chairman
M. J. Franco, Dean R. Claussen, J. H. Powell, C. Lawton McCall
and J. W. McIntyre.
The Chairman read James W. Ryan's letter of retirement and
Mr. L. Hirsh's letter showing Mr. Ryan's monthly pension would be
$27. 35 beginning February I, 1959. A motion was made by Mr. Powell
and seconded by Mr. Claussen to authorize the $27.35 monthly retire-
ment benefit to Mr. Ryan starting February 1, 1959 for as long as he
lives. Motion carried.
The Secretary was instructed to send the Actuary and the
Trustee excerpts from the minutes showing the action on the Ryan
retirement.
A letter of January 6, 1959 from the Trust Department of Little
River Bank & Trust Company was read along with the Trust Committee
recommendation to purchase certain securities. These recommenda-
tions were accepted by a motion made by Mr. Claussen and seconded
by Mr. Powell.
A discussion was started by Mr. Claussen on bringing the
Pension Plan more up to date. Mr. McCall reported that Mr. Senneff
and Mr. McIntyre were to make a study of other plans in the area for
comparison.
The meeting adjourned at 5:30 P. M.
APPROVED:
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