12-03-1970 Regular MeetingMIAMI SHORES VILLAGE PENSION BOARD MEETING
December 3, 1970
A meeting of the Miami Shores Village pension board was held on
December 3, 1970 at Uncle Johnis Pancake house, Biscayne Blvd.
The follmffing were present:
John Ur. McIntyre
Michael J, Franco
Glen Byrd
Edwin B. Cole
James Fowler
Gerald McFarlin
In the absence of Mayor Nicholson, Mr. Cole chaired the meeting.
Minutes of the last meeting were read and approved
The application for retirement and certification by the actuary on
James N. Cliatt was approved, subject to Mr. Cliatt having the right to
change the Reversionary Annuity option he had elected.
The application for retirement and certification by the actuary
on James Tanner was approved.
Mr. Fowler moved that pension board meetings to approve applications
for retirement be held at least 30 days prior to an employees retirement
date. Mr. McIntyre seconded the motion, and it passed unanimously.
The meeting adjourned at 8:15 a. m.
Respec fully submitted
eoretary
(A.L
•
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Date: L% 15 SEPT. 1970
Pension Board
Miami Shores Pension Plan
Miami Shores9 Florida
Gentlemens
I hereby apply for a service retirement annuity in
ccordazce with the provisions of Miami Shores Pension Plan to
take effect as of
JANV Y 1971.
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. 1 wish to provide
for my beneficiary an annuity equal to F, of th - amount of
my annuity.
I was born on 13 _1= FRRIIARY 1988 ./'s
My beneficiary was born on ./'
* To be verified by the Board.
Yours very truly,
MIAMI SHORES PENSION PLAN
CALCULATION OF LATE RETIREMENT BENEFIT
1. Name
2. Date of birth
3. Date of employment
4. Normal retirement date
5. Late retirement date
6. Credited service at late retirement date
7. Monthly average final compensation
James R. Tanner
February 13, 1908
February 16, 1947
July 7, 1970
December 31, 1970
23.833 years
($39,087.00 i. 60) $651.45
Calendar No. of Amount
Year Months Paid
1966 12 $ 6,252.00
1967 12 $ 6,894.00
1968 12 $ 7,752.00
1969 12 $ 8,871.00
1970 12 $ 9,318.00
60 $39,087.00
8. Monthly late retirement income, payable for life,
commencing January 1, 1971
(.02) ($651.45) (23.833)
$310.54
Based on information supplied by the Village and the provisions of the plan,
the first monthly payment will be payable on January 1, 1971, the first day of
the month following the late retirement date for James R. Tanner, in an amount,
in the normal form, of $310.54, with further monthly payments payable on the first
day of each • succeeding month, with the last payment due the first day of the month
in which death occurs.
Certified by: THE WYATT COMPANY
Actuaries for Plan
L.11P4.0"ttLia
Owen C. Schlaug, Jr., A.S.
Associate Actuary
November 16, 1970
THE ( J ii 1 COMPANY
•
•
Date: Sept. 15, 1970
Pension Board
Miami Shores Pension Plan
Miami Shores, Florida
Gentlement
I hereby apply for a service retirement annuity in
coordance with the provisions of Miami Shores Pension Plan to
take effect as of Jan. 14 1971 , as of which
date I discontinued service with Miami Shores Village.
I desire to avail myself of the Reversionary Annuity
Option under the Plan an4 hereby designate my 1-,'"
who is dependent upon mei as my beneficiary. I wish to provide
for my beneficiary an annuity equal to 400.00 t • amount of
per month
my annuity.
I was born on
June 27$ 1908
My beneficiary was born on
* To be verified by the Beard.
MIAMI SHORES PENSION PLAN
CALCULATION OF LATE RETIREMENT BENEFIT
1. Name
2. Date of birth
3. Date of employment
4. Normal retirement date
5. Late retirement date
6. Credited service at late retirement date
7. Monthly average final compensation
($43,698.00 ;60)
Calendar No. of
Year Months Paid Amount
1966 12 $ 7,236.00
1967 12 $ 7,842.00
X968 12 $ 8,445.00
1969 12 $ 9,780.00
1970 12 $10,395.00
60 $43;698.00
James N. Cliatt, Jr.
June 27, 1908
October 3, 1934
July 7, 1970
December 31, 1970
30.0 years
$728.30.
8. Monthly late retirement income, payable for life,
commencing January 1, 1971
(.02) ($728.30) (30.0) $437.10
9. Monthly retirement income, payable for life, commencing
January 1, 1971 with $100.00 per month continuing to
Officer Cliatt's beneficiary, for life, after his death $396.82
Based on information supplied by the Village and the provisions of the plan,
the first monthly payment will be payable on January 1, 1971, the first day of
the month following the late retirement date of James N. Cliatt, Jr., in an
amount of $396.82, with further monthly payments payable on the first day of
each succeeding month, during his lifetime, with the monthly payments reducing
to $100.00 on the•first of the month following his death, and continuing during
the remaining lifetime of his beneficiary.
Certified by: THE•WYATT COMPANY
Actuaries for Plan
November 18, 1970
THE
040-€41;G.
Owen C. Schlaug, Jr., A.S.A.
nit COMPANY Associate Actuary