01-16-1962 Regular MeetingMIAMI SHORES VILLAGE
PENSION BOARD MEETING - JANUARY 16, 1962
A meeting of the Miami Shores Village Pension Board was
held on January 16, 1962, 3:20 P. M. , at the Village Hall. The follow-
ing members were present:
Mayor Dale Miller
C. Lawton McCall, Village Manager
Stuart A. Senneff, Chief of Police
John W. McIntyre, Director of Finance
Mrs. David Cunningham, citizen
Absent: John F. Saxon, Councilman
J. Harrell Powell, citizen
Mr. Louis Hirsh, the consulting actuary, was also present.
Minutes of the last meeting were approved as written.
The 1960 annual report of the actuary was accepted on a
motion made by Mr. McCall, seconded by Mrs. Cunningham and passed.
The Trustees letter of December 28, 1961 on proposed invest-
ments was read and the motion for approval was made by Mr. McIntyre,
seconded by Mr. Senneff and passed.
An application for retirement annuity was made by Mr. James
O. Patten, and upon motion made by Mr. Senneff and seconded by Mr.
McCall, the following resolution was unanimously passed:
Whereas, James O. Patten became 65 years of age
on November 6, 19 1 is therefore eligible for retire-
ment as authorized by the Miami Shores Pension Plan,
Ordinance No. 273 amended; and
Whereas, he entered service on February 1, 1941
and worked continuously through January 31, 1962 giving
him a service credit for pension purposes of 19 years; and
Whereas, his average annual salary for the
last five years amounts to $4,788.00, and the annuity
will amount to $1, 819.44 annually.
Now, Therefore, Be it Resolved; That James O. Patten
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will be retired with a monthly pension of $151.62 for life.
In addition, Officer James O. Patten will receive his
proportionate share in the Special Fund as provided
under Section 20 (j), Ordinance No. 291.
Motion was made by Mr. McIntyre and seconded by Mrs.
Cunningham to set up an investment committee to approve the invest-
ments in the future; the committee to be composed of Messrs. Miller,
Powell and McCall. The motion was unanimously passed.
It was agreed to meet in February, 1962.
The meeting adjourned at 4:00 P. M.
APPROVED:
Chairman
Respectfully submitted,
etary
1/16/62
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a444 t air
FL OR I DA
C. LAWTON McCALL
VILLAGE MANAGER
THIS IS TO CERTIFY THAT THE FOLLOWING I5 A TRUE AND
CORRECT COPY OF THE MINUTES OF A REGULAR MEETING
OF THE MIAMI SHORES VILLAGE COUNCIL HELD ON JUNE
20, 1961:
"Pension Board appointments - Mr. Saxon moved that
John McIntyre be re -appointed for two years. Motion was seconded
by Mr. Rudnick and passed unanimously. Mr. Rudnick moved
that J. Harrell Powell, a Village citizen, be re -appointed to the
Pension Board for two years. Motion was seconded by Mr.
Saxon and passed unanimously. Mr. Rudnick moved that Mrs.
David Cunningham be named as the other citizen on the Board.
Motion was seconded by Mr. Saxon and passed unanimously.
"Mr. Walker moved that Mr. Saxon be appointed as
the Councilman on the Pension Board. Motion was seconded
by Mr. Miller and passed unanimously.
"The Mayor automatically becomes Chairman of the
Board. "
July 1, 1961.
Village Clerk