02-20-1962 Regular MeetingMIAMI SHORES VILLAGE
PENSION BOARD MEETING - FEBRUARY 20, 1962
A meeting of the Miami Shores Village Pension Board was held on
February 20, 1962, 3:30 P.M., at the Village Hall. The following members
were present:
C. Lawton McCall, Village Manager
Stuart A. Senneff, Chief of Police
John F. Saxon, Councilman
J. Harrell Powell, citizen
Mrs. David Cunningham, citizen
John W. McIntyre, Director of Finance
Absent: Mayor Dale Miller
Mr. Louis Hirsh, the consulting actuary, was also present.
The following resolution was read:
'Whereas, James O. Patten became 65 years of age on November
6, 1961, and is therefore eligible for retirment as authorized by Miami
Shores Pension Plan, as amended by Ordinance 291; 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 20 years; and
"Whereas, his average annual salary for the last five years amounts
to $4, 788.00, and the annuity will amount to $1, 915.20 annually.
"Now, Therefore, Be it Resolved that James O. Patten will be
retired with a monthly pension of $159.60 for life. In addition, Officer
James O. Patten will receive $325.23 which is hipsproportionate share
in the Special Fund as provided under Section 20 (j), Ordinance No. 291.
"Be it Further Resolved: that the previous resolution of January 16,
1962 pertaining to the retirement of James O. Patten is hereby rescinded. "
Upon motion made by Chief Senneff and seconded by Mrs. Cunningham,
the above resolution was unanimously passed.
The 1961 annual report of the actuary was accepted on a motion made
by Mrs. Cunningham, seconded by Chief Senneff and passed.
The meeting adjourned at 4:00 P. M.
APPROVED:
ZaZ)7-kiet,
Chairman
espectfullsubmitted,
cretary
Pension Board Resolution No.