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07-10-1969 Regular Meeting• • MIAMI SHORES VILLAGE PENSION BOARD MEETING — JULY 10, 1969 A meeting of the Miami Shores Village Pension Board was held on July 10, 1969, 7:45 a. m., at Uncle Johns Pancske House on Biscayne Blvd. The following were present. Mayor Don G. Nicholson,, Chairman Edwin B. Cole, Councilman John M'. McIntyre, Village Manager Michael J. Franco, Citizen falter P. Davidson, Citizen Glen Byrd, Employee Representative James Fowler, Chief of Police Gerald McFarlin, Secretary to the Board Minutes of the last meeting were read and approved. The application for late retirement and certification by the actuary on Martha Robinson was approved, copies being made a part of the minutes. The application for early retirement and certification by the actuary on Paul Preite was approved, copies being made a part of the minutes. The application for normal retirement and certification by the actuary on Gilliam Svigals was approved, copies being made a part of the minutes. After discussion regarding the trend to lower retirement ages, Mr. Franco made a motion, seconded by Mr. Davidson, and unanimously passed that the Board recommend to the Miami Shores Council that the agtuary be com— missioned to make a cost study of lowering the normal retirement age to 62. The meeting adjourned at 9:00 a. m. Respectfully submitted Secretary;2;1-'4— MIAMI SHORES PENSION PLAN Calculation of Late Retirement Benefit 1. Na'ne 2. Date of birth 3. Date of employment 4. Normal retirement date 5. Late retirement date 6. Credited service at late retirement date 7. Final average monthly compensation ($21,372.00 60) Year 1965 1966 1967 1968 1969 Number of Months Paid Amount 12 12 12 12 12 .60 $ 3,952.00 $ 3,991.00 $ 4,173.00 $ 1+,472.00 $ 4,784.00 $21,372.00 Martha E. Robinson November 19, 1900 August 20, 1956 December 1, 1965 December 31, 1969 13.333 years $356.20 8. Monthly late retirement income, payable for life, commencing 1-1-70 (.02)($356.20)(13.333) $94.98 Based on information supplied by the Village and the provisions of the plan, the first monthly payment will be payable on January 1, 1970, the first day of. the month following the late retirementdate for Martha E. Robinson, in an amount, in the normal. form, of $94.98, with further monthly payments payableon the first,..day_of each succeeding month, with the last payment being the payment due the first day of the month in which death occurs: Certified by: THE WYATT COMPANY Actuaries for Plan CDu.u0C. Owen C. Schlaug, Jr., Associate Actuary • /alio THE LiI'/!]CCi COMPANY • • STATE OF VIRGINIA, to -wit: CITY OF RICHMOND, This is to certify that the records of the Hustings Court of the City of Richmond, in 11th day of said State (the said Court being a Court of Record), show that on the 19_1.--8_, a License was issued from the Clerk's office of the said Court November for the intermarriage of�--- ears _� ears �;;artha Llen Loving 17 Y ----ar s __and ____ --- - - -- - - -- --- _Albert L. Robinson 22 Y parties were __ ___--------- I 1$ the said p November_ and that on the _12 th ____day of____-_----- -------`--------- _-_ - united in the holy bonds of matrimony, in the City of Rich - the Rev.------ mond, Virginia, by hand IN TESTIMONY WHEREOF. I have hereunto set my 16th of and Seal of said Court this_ ------- bAudustI 54 --- ----- -- ---- S __Deputy Clerk of he Hustings Court of the City of Richmond Dates Pension Board Miami Shores Pension Plan Miami. Shorest Florida Gentlemens I hereby apply for a service retirement annuity in ccordance with the provisions of Miami. Shores Pension Plan to t9 7S t as of which take effect as of 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 met as my beneficiary. I wish to provide for my beneficiary an annuity equal to � of the amount of my annuity. I was born on s� ' _ / 1 / f el?) ./ My beneficiary was born on ./ Yours very truly, To be verified by the Board. �3q Do67 3qA, coP MIAMI SHORES PENSION PLAN Calculation of Early Retirement Benefit 1. Name 2. Date of birth 3. Date of employment 4. Normal retirement date 5. Early retirement date 6. Credited service at early retirement date 7. Monthly average final compensation ($22,651.25 60) Number of Year Months Paid Amount 1964 1965 1966 1967 1968 12 12 12 12 12 $ 4,176.O0 $ 4,212.00 $ 4,336.00 $ 4,668.25 $ 5,259.00 $22,651.25 Paul Preite March 12, 1907 July 7, 1952 April 1, 1972 September 1, 1969 17.083 years $377.52 8. Monthly accrued retirement income (.02) ($377.52)(17.083) $128.98 9. Age of participant at early retirement date 62.417 years 10. Reduction factor for early retirement .7955 11. Monthly early retirement income; payable for life, commencing 9-01-69 ($128.98 x .7955) $102.60 Based on information supplied by the Village and the provisions of the plan, the first monthly payment will be payable on September 1, 1969, the first day of the oath following the early retirement date for Paul Preite, in an amount, in the normal form, of $102.60, with further monthly payments payable on the first day of each suc- ceeding month', with_the last payment due the first day of the month in which death occurs . Certified by: THE WYATT COMPANY Actuaries for Plan Prepared by: 014,4244-,0 • Owen C. Schlaug, Jr., Associate Actuary THE Wahl 'COMPANY Date: Pension Board Miami Shores Pension Plan Miami Shores, Florida 3entlement I hereby apply for a service retirement annuity in accordance with the provi on �. of Miami Shores Pension ,Plan to lake effect as of as of which late I discontinued service with Miami Shores Village. I desire to avail myself of the Reversionary Annuity )ptiou under the Plan and hereby designate my •tho is dependent upon me, as my beneficiary. I wish to provide 'or my beneficiary an annuity equal to F, of the amount of ny annuity. I was born on n / �j My beneficiary was born on j'7'11 d -e L ©Q .l* fl'1'k'4t 1 1. l yo* Yours very truly, To be verified by the Bgard. MIAMI SHORES PENSION PLAN Calculation of Normal Retirement Benefit 1. Name 2. Date of birth 3. Date of employment 4. Normal retirement date 5. Credited service at normal retirement date 6. Final average monthly compensation ($25,079.00 ; 60) Year 1965 1966 1967 1968 1969 Number of Months Paid 12 12 12 12 12 6o Amount $ 4,312.00 $ 4,332.00 $ 4,680.00 $ 5,365.00 $ 6,390.00 $25,079.00 7. Monthly normal retirement income, payable for life, commencing 1-1-70 (.02) ($417.98)(17.833) William Svigals December 24, 1904 February 29, 1952 ;January 1, 1970 17.833 years $417.98 $149.08 Based on information supplied by the Village the first monthly payment will be payable on January 1 month following the normal retirement date for William normal form, of $149.08, with further monthly payments each succeeding month, with the last payment being the the month in which death occurs.' and the provisions of the plan, , 1970, the first day of the Svigals, in an amount, in the payable on the first day of payment due the first day of Certified by: THE WYATT COMPANY Actuaries for Plan Owen C. Schlaug, Jr., A.S Associate Actuary THE �a/Z COMPANY • Data: 7 Pension Board Miami Shores Pension Plan Miami Shores, Florida Gent1emens I hereby apply for a service retirement annuity in accordance with the provisions of Miami Shores Pension ,Plan to take effect as of ��:,.� �.� 1 % 7 , as of which date I discontinued se vice with Miami Shores Village. I desire to avail myself of the Reversionary Annuity Option under the Plan and hereby designate my Wio is dependent upon me, as my. beneficiary. I wish to provide for my beneficiary an annuity equal to % of the amount of my annuity. 1 was born on ,. ., .. �z 2'/- , /90 7 My beneficiary was born on ./ * To be verified by the Board. I 3 -1— c G 39,®, p Yours very truly, Borough of CITY OF NEW YORK DEPARTMENT OF HEALTH BUREAU OF RECORDS AND STATISTICS MANHATTAN , New York, N. Y. AUG 1 1963 Below is o photostoht , „py ofo cert Croft, on Lie . . and Statistics of the Department of Health of the City of New York 01l_3903. CITY OF NEW YORE. C1 i DEPARTMENT of HEALTH STATE OF NEW YORK. > , CERTIFICATE AND RECORD OF BIRTl-i / r `- vahre of `Q/ialdr- ee," / Q � ,ClivY, Color. Lf� D . � AA, Date Blyth Streets nd rt_ Father's i �� o Name. > Mother's -- L - !_. _�'��- --�-a• !moi 2rb-64. Blrehpltce. Com/ I at her e dt No. of Certificate, Mother's Ne e. ----I--- LLyJ e o a •Q�� Nese same f/ „ 7"r7 Marriage. � Resideucc. ePthere. �1 ideate. Father's Birthplace.(�( L Father's Age. Nall) Mothers Age. =tt Number or previous Children. liotr nianp living i 7 e and address of person 1 Signature, making this report. ? ! �� j_ r _• C e s_ DATE Or DEPORT, ..._.._. • 8011—'110—(SI—MMM. t I' This is to certify that the forego;nq is a true copy of o record in my custody. Director of Bureau BY• Bornue Rep,trar W.UNIYG: DO NOT ACCEPT THIS TRANSSRIFTttINLE.S :F RAISED SEA:. Jr H1—' DEF'ARTY:.::!7I OF HEALTH IS AFFIXED 7HCALOti. THE hEPso_ DC' -'IJ.': Jh : 'c�iATION JF Tr! /S TPANI:RIf"r'• IS FF °HIE py JEJTItt,y '.21 JF THE NEW YORK, ,.ITY HEALTH SJDE, NOTICE. In issuing this transcript of the Record, the Department of Health of the City of New York does not certify to the truth of the itotemenfs made thereon os no inquiry as to the facts has been provided by`Iaw.