02-20-1962 Regular Meeting (2)M1AMi 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:
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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:
1
'Whereas: Jaynes O. Patten became 65 years of age on November
Vit, 1961, and is therefore eligible for retirrnent as authorized by Miami
Shores Pension Plan, as amended by Ordinance 291; and
"Whereas, he entered service on February 1, 1941 and worked -�
ontinuously through January 31, 1962 giving him a service credit for
1.enslon 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 his proportionate 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1962 pertaining to the retirement of James O. Patten is hereby rescinded.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:
r.
Respectfully submitted,
Secretary
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LOUIS HIRSH •
9165 Garland Avenue
Miami Beach, Florida
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Januaryl9, 1962
Mr. John W. McIntyre, Secretary
Miami Shores Pension Plan
10050 N. E. 2nd Avenue
Miami Shores, Florida
Dear Mr. McIntyre:
Please disregard my letter of January 3, 1962. From
the figures now submitted and verified, Officer James O. Patten
has a service credit for pension purposes of 20 years instead of
19, and is entitled to a retirement annuity of 40% of average final
compensation. The monthly annuity therefore amounts to $159. 60
instead of $151.62.
Louis Hirsh
Consulting Actuary
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1/4. S/24
r' Louis airsh
Consulting Actuary
9165 Garland Ave.
Viand Peach, Florida
Dear . Hirsh:
FL ORI DA
January 19, 1962
C.LAWTON McCALL
VILLAGE MANAGER
It has been called to my attention that
the credited service on J. 0. Patten should have been 20 years
Mead of 19. Pe entad service 2441 and is leaving
1-33. 62. Please refigure the annuity
Very truly yours,
John W. McIntyre, Secy.
R.S.V. Pension Board
1957 1958
Jan. 15, 1957 137.50
187.50
175.00 187.50
175.00 187.50
. 15 175.00 187.50
31 175.E 187.50
15 175.00 187.50
30 175.00 187.50
15 175.00 187.50
31 175.00 187.50
175.00 187.50
175.00 187.50
ti 31
4. 15
28
une 15
30
Cct•
15 175.00 1(37.50
31 175.00 187,50
200.00 ' 200,00 212.50
200.00 200.00 212.50
200.00 200.00
200.00 200.00
200.00 200.00
200.00 200.00
212.50
212.50
50
50
00,00 212.50
212,50
1962
`300
230.00
15 187.50 200.00
31 187.50 200.00
.15 187.50 200.00
30 187.50 203.00
187.50
187.5000
00
212.50
212.50
2010.013
200.00
200.00
200.00
200.00
200.00
200.00 212.50
2(X).00 212.50
200.00 212.50
200.00 212.50
230.00
.50 230.00
Pero 15 187.50 2 '}.00 200.00 212.5f3 230.00
30 187.50 d 1)0).00 200.00 230.00
Dec, 15 187.50 200.00 c?C ,00 212.50 230.00
°' 31 187,50 200.00 21010) 212.50 230€0
3,975.00 t ,625.00 14,800.00 ,875.1 X5,205.00 to
T ' ST
23, 940.00
11 clerk, certify 'Liz,t t) Faccurate bredc dcwn.
746- 64,et 4WD�C.
T
PRoxe 86-7067
u/ 7ot7
•
•
• •
LOUIS HIRSH
CONSULTING ACTUARY
MIAMI BEACH
Mr. John W. McIntyre
Secretary, Miami Shores Pension Plan
Miami Shores, Florida
In re: James O. Patten
Dear Mr. McIntyre:
RETIREMENT & PENSION PLANS
January 3, 1962
From the data furnished me, Officer James O. Patten
filed an application for a service retirement annuity in accordance with
the provisions of Miami Shores Pension Plan to take effect as of Febru-
ary 1, 1962. He was born on November 6, 1896 and will be past his 65th
birthday on February 1, 1962. He entered service on 2/1/41 and worked
continuously for the Village. He will have a service credit for pension
purposes of 19 years. This will entitle him to a retirement annuity of
38% of average final compensation.
His average final compensation amounts to $4, 788. 00 and
the annuity will amount to $1, 819.44 or $151.62 monthly. The first
payment will fall due on March 1, 1962. Reserve required to take care
of this annuity amounts to $20, 034.38.
In addition, Officer Patten will be entitled to his proportionate
share in the Special Fund as provided under Section 20 (j) of the Pension
Plan.
LH:v
Yours truly,
Louis Hirsh
Consulting Actuary
•
•
• •
Date: ;' o '7'6/
Pension Board
Miami Shores Pension Plan
Miami Shores, Florida
Gentlemenx
I hereby apply for a service retirement annuity in
accordance with the provisions of Miami Shores Pension Plan to
take effect as of ( % 7' 2 , 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 provide
for my beneficiary az} annuity equal to of the amount of
my annuity.
I was born on er71 /' 7 G ./4
My beneficiary was born on ./'
To be verified by the Bard.
Yours very truly:
Date
3. Cofer __:.1- Ile__ _.. _.A. tSes- _ _____ S. of !OWL—I= .. 111 • C.- 1r1.91.. .__
Place 1 t t.Oltni )Presentdi. '1.O"/:14. .
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Father's Ihther's '� r: )
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hiattre+AeMother's ,
ilk Maiden Nast - .Yte?'lJB ...,zg4 :.. . H. Birthplace ..;;414
AFFIDAVIT
STATE..__ _ ,EL;
COUNTY ._
neretri &ciaze upon oath that the above risternerria an true.
Apptleant's
Sworn and subscribed to before me this e}L ter'. 1./ . .,» __- 19
Site.._
t'i3 .t 1063- 19.
Please i7a !ir ;Wella 8eIO 111101 U e Lade woe Far ;ver
A; RACT OF-SL'PI'ORTING EVIDENCE Testa Original 1loeutnent
None and of I►ecus+eairt, sed By Whore issued and Signed Was !lode
l • ,:..
Any Dissll sp . _.... tape. 14, 1922
Affidavit of Pateraal sad Maternal Auats Aug. 13, 1942
Registration Certificate issued by Carl Rolmar,Jr. IMrCh 13, 1928
INFORMATION CO::"ERNING REGISTRANT AS STATED IN DOCUMENTS LISTED At;ti\..E
Date of Birth or Ads mellow* • -a- Marne of Father Maiden' Name Pf.Mother }
1. •_ 2i s ; Mill Gia. , t -
2. i Nov. Q, 18967 )illtowa, O. s 4i•o.Tboa.Patti % Sasa. Esta.,IA Itiskia
• 3l tis. f Jot 8000,1m:- 1 $ba�dt
Ai 1nformation
STATEMENT OF REVIEWING OFFICIAL
hereby certify that I have reviewed the evidence recorded above sand that information oontaine.
therein is as recorded an Ile preceding abstract.
Data
Signed_ _A4141!" 14, ,19 44
Slgrtatt a re and Me
,;! rife Reviewl&lbub yj
gl at. 11-01
Barestrildriass