11-10-1965 Regular Meeting•
•
MIAMI SHORES VILLAGE
PENSION BOARD MEETING -- NOVEMBER 10, 1965
A meeting of the Miami Shores Village Pension Board was held
on November 10, 1965, 4:00 P. M. , at the Village Hall. The following
members were present:
Mayor Dean R. Claussen, Chairman
C. Lawton McCall, Village Manager
Stuart A. Senneff, Chief of Police
Mrs. David Cunningham, citizen
John W. McIntyre, employee representative
Ray L. Clement, Councilman
Also present: Mr. James E. Shively of the Wyatt Co.
Absent: Mr. J. Harrell Powell, citizen.
Minutes of the last meeting were approved upon a motion duly
made and passed.
Mr. James E. Shively explained his work in connection with the
Actuarial Valuation as of January 1, 1965, and recommended that the
"Entry Age Normal Method" be adopted. The motion recommending
adoption of this method was made by Chief Senneff, seconded by C.
Lawton McCall and duly passed.
Motion for; the acceptance of the Actuarial Valuation and the
Certification of benefits for retirement of Beatrice M. S. Randall was
made by Chief S. A. Senneff, seconded by Ray L. Clement and passed.
A motion was made by Mrs. David Cunningham, seconded by
C. Lawton McCall and passed, to use the Retirement Plan Record card
proposed by the Actuary.
After a discussion of a death benefit clause it was decided to
meet again in January or February to go over the suggested benefits.
The meeting adjourned at 5:10 P.M.
APPROVED:
Respe ully submitted,
ct.y L r.
Secr star
Chairman
MIAMI SHORES VILLAGE
Calculation of Late Retirement Benefit
1. Name Beatrice M. S. Randall
2. Date of birth 7-21-1900
3. Date of employment 8-08-1953
4. Normal retirement date 7-21-1965
5. Late retirement date 1-01-1966.
6. Credited service 11.333 years
7. Final average monthly compensation
Year Amount Months Paid
1961 $1,200 12
1962 $1,260 12
1963 $1,440 12
1964 $1,11.O 12
1965 $1,440 12
$6,78o 4 60 = $113.00
8. Monthly amount of retirement income as of
late retirement date (. 02) ($u3) (u .333) = $ 25.61
According to information supplied by the Village of Miami.Shores, the
late retirement benefit payable to Beatrice M. S. Randall is a monthly amount
of $25.61. The first payment is due on February 1, 1966, and payments thereafter
shall be due and payable on the first day of each month during the lifetime of
the participant.
Certified by: THE WYATT COMPANY
Actuaries for Plan
Prepared by:
es E. Shively
Consultant - Miami Office
Reviewed by:
R. James Met en
Consultant - Miami Office
October 19, 1965.
THE v�'� COMPANY
•
411
Date:
Pension Board
Miami Shores Pension Plan
Miami Shores c Florida
Gentlemens
I hereby apply for a service retirement annuity in
coordauce with the provisions of Miami Shores Pension.?tan to
/6,
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 ./At-1,\--e-
who
yt—who is dependent upon me, as my beneficiary. I wish to provide
for my beneficiary an annuity equal to F of th amount of
my annuity.
I was born on . , °7 / —,% 0 t) ./*
My beneficiary was born on
* To be verified by the Board.
Yours very truly:
ria V810. 7-28-42-100M (2A-866)
District No -F...42.:3—..
CERTIFICATIQN 'OF BIRTH
DEPARTMENT OF HEALTH
STATE OF NEW YORK
THIS IS TO CERTIFY that.
sex.-+-^-esie, was born' on
County of_....
and State of New York, as ,shown by the record of birth fil
Registered
with the registrar of vital statistics of this registration district.
1eh
Witness my signature of.,._ _...w _ _ ... __ „ _.. 19.44...E
Cary
Town
WARNING: ANY ALTERATION INVALIDATES THIS CERTIFICATE.
Form VS 10. 7-2842-100N (2A-800)
CERTIFICATION OF BIRTH
• DEPARTMENT OF HEALTH
STATE OF NEW YORK
District No. ».-42.
THIS IS TO CERTIFY that. 1 .et..rw..L...._
see» ►.._ _ _».was born on. .��» » .»»...» . »».»»..» � .» »._»., 1fela
Registered
• and State of New York, as ,shown by the record of birth filed._ 1,t
with the registrar of vital statistics of this registration district.
Witness my signaturethis_» _»» » _»» .._»» » f �. »_ - .day of . .. _..._ _......_. _ .... . »_ » _. , 19244+
of... J
Town
WARNING; ANY ALTERATION INVALIDATES THIS CERTIFICATE.
1 S tistics
New York