09-03-1963 Regular MeetingMIAMI SHORES VILLAGE
PENSION BOARD MEETING - SEPTEMBER 3, 1963
A meeting of the Miami Shores Village Pension Board was held
on September 3, 1963, 3:00 P.M. , at the Village Hall. The following
members were present:
Mayor Ray L. Clement, Chairman
John W. McIntyre, Secretary & employee representative
C. Lawton McCall, Village Manager
Stuart A. Senneff, Chief of Police
John F. Saxon, Councilman
Mrs. David Cunningham, citizen
Absent: J. Harrell Powell, citizen
Mr. Louis Hirsh, the consulting actuary, was also present.
Minutes of the last meeting were approved as written.
A resolution on the retirement of NAMES THOMAS HOLT was
read and passed unanimously, copy of this Resolution No. 7 is attached
hereto and made a part of these minutes.
Mr. McCall made a motion to establish a policy of having the
Village Attorney write the resolutions authorizing payment of pensions.
Mr. John Saxon seconded the motion and it was passed.
A letter was received from the State Treasurer's office
acknowledging the very excellent report in compliance with Chapter 185,
Florida Statutes, the Municipal Police Officers' Retirement Trust Fund.
The 1962 Annual report of the actuary was accepted on a motion
made by John W. McIntyre and seconded by Chief Senneff and passed.
Mayor Clement complimented Mr. Hirsh on the excellence of
the annual report.
Chief Senneff talked on the necessity of securing additional money
for additional benefits in the Pension Plan.
Respectfully submitted,
APPROVED:
ikt
MIAMI SHORES VILLAGE
PENSION BOARD MEETING - SEPTEMBER 3, 1963
A meeting of the Miami Shores Village Pension Board was held
on September 3, 1963, 3:00 P.M. , at the Village Hall. The following
members were present:
Mayor Ray L. Clement, Chairman
John W. McIntyre, Secretary & employee representative
C. Lawton McCall, Village Manager
Stuart A. Senneff, Chief of Police
John F. Saxon, Councilman
Mrs. David Cunningham, citizen
Absent: J. Harrell Powell, citizen
Mr. Louis Hirsh, the consulting actuary, was also present.
Minutes of the last meeting were approved as written.
A resolution on the retirement of NAMES THOMAS HOLT was
read and passed unanimously, copy of this Resolution No. 7 is attached
hereto and made a part of these minutes.
Mr. McCall made a motion to establish a policy of having the
Village Attorney write the resolutions authorizing payment of pensions.
Mr. John Saxon seconded the motion and it was passed.
A letter was received from the State Treasurer's office
acknowledging the very excellent report in compliance with Chapter 185,
Florida Statutes, the Municipal Police Officers' Retirement Trust Fund.
The 1962 Annual report of the actuary was accepted on a motion
made by John W. McIntyre and seconded by Chief Senneff and passed.
Mayor Clement complimented Mr. Hirsh on the excellence of
the annual report.
Chief Senneff talked on the necessity of securing additional money
for additional benefits in the Pension Plan.
Respectfully submitted,
APPROVED:
ikt
aiami =ihores9Illage
FLOR ID A
PENSION BOARD RESOLUTION NO. 7
Where s. JAMES THOMAS HOLT, also known as TOM HOLT,
became 60 years of age on August 1, 1963, according to delayed
Birth Certificate #150456 of the State of Tennessee. and is therefore
eligible for a retirement annuity of the actuarial equivalent of what
he would have received at 65 years of age as authorized by the Miarrii
Shores Villag
Pension Plan, as amended by Ordinance 291; and
Whereas, he has applied for retirement as of August 1,
1963; and
Whereas, he entered service August 1, 1937 and his service
credit is 25 years; and
Whereas, his average annual salary for the last five years
amounts to $3, 893. 70 and the retirement annuity will amount to
$1, 272. 40 annually.
Now, Therefore. Be it Resolved: That the said TOM HOLT
be retired with a monthly pension of $106. 03, the first payment of
which will be paid on September 1, 1963, in accordanceith said
Pension Plan as now in effect.
Passed and adopted September 3, 1963.
COPY