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01-19-1960 Regular MeetingMIAMI SHORES VILLAGE PENSION BOARD MEETING - JANUARY 19, 1960 A meeting of the Pension Board was held on January 19, 1960, 3:30 P. M. , at the Village Hall. The following members/tire present: Messrs. Claussen, Powell, McCall, Senneff, McIntyre and Mrs. Pentecost. Mr. Louis Hirsh, actuary, was also present. Minutes of the December 1, 1959 meeting were read and approved. A letter of January 5, 1960 from Little River Bank and Trust out- lining the securities they recommended purchasing for the Pension Trust was read and approved. Motion was made by Chief Senneff, seconded by Mr. Powell and passed. The Will Hightower resolution on retirement was made by Mr. Powell, seconded by Mr. McCall and passed (attached). The William R. Hoffman resolution on retirement was made by Chief Senneff, seconded by Mrs. Pentecost and passed (attached). Mr. Hirsh presented a form letter for pension application. Motion for its adoption was made by Mr. McIntyre, seconded by Mr. Powell and passed (attached). A report was given by Chief Senneff on the advertising by notices thru the bulletin and mailing pieces of the need for many people to make sure their insurance policies' address is Miami. Shores Village. This will enable the Police and Fire pension to receive 1% of the casualty and fire insurance premiums written within the Village.. Adjournment at 3:55 P. M. APPROVED: //It; Ay6/ Irman • PENSION BOARD RESOLUTION NO, 3 WILL HIGHTOWER RETIREMENT Whereas Will Hightower became 65 years of age on January 21, 1956 and is therefore eligible for retirement as authorized by the Miami Shores Pension Plan, and Whereas he entered service on August 13, 1944 and worked a period of fifteen years, four months, giving him a service credit of fourteen years; and Whereas, his average monthly salary for the last five years is $259.82; Now, Therefore, Be it Resolved: That Will Hightower be retired with a monthly pension of $72. 75 for life. PENSION BOARD RESOLUTION NO. 4 WILLIAM R. HOFFMAN RETIREMENT Whereas, William R. Hoffman became 65 years of age June 10, 1957 and is therefore eligible for retirement as authorized by the Miami Shores Pension Plan; and Whereas, he entered service on October 16, 1949 and worked continuously through January 31, 1960, a period of ten years and three months, giving him a service credit of 9 years; and Whereas, his average monthly salary for the last five years is $306.50; Now, Therefore, Be it Resolved: That William R. Hoffman be retired with a monthly pension of $55.17 for Life. Passed and adopted January 19, 1960. • • Date: Pension Board Miami. Shores Pension Plan Miami Shores, Florida Gentlemen: I hereby apply for a service retirement annuity in accordance with the provisions of Miami Shores Pension Plan to take effect as of , as of which date I discontinued service with Miami Shores Village. I desire to avail myself of the Reversionary Annuity Option under the Plan and hereby designate my who is dependent upon me, as my beneficiary. I wish to pro- vide for my beneficiary an annuity equal to % of the amount of my annuity. I was born on My beneficiary was born on * To be verified by the Board. Yours very truly,