11-30-1971 Regular MeetingMIAMI SHORES VILLAGE PENSION BOARD
MEETING
Tuesday, November 30, 1971
A meeting of the Miami Shores Village Pension Board was held on
Tuesday, November 30, 1971 at 8,00 a. m. in Uncle Johns Pancake House,
Biscayne Blvd., Miami, Florida.
The following were present:
Mayor Elwood Jones
John MP. McIntyre
Michael Franco
Marjorie Dunn
Glen Byrd
Jeff Fowler
Gerald McFarlin
Absent:
Dean Miller
Minutes of the last meeting were read and approved.
The application for early retirement and certification by the actuary on
Ruth L. Eodice was read. Jeff Fowler moved that the application be approved.
The motion was seconded by Glen Byrd, and passed unanimously.
The meeting adjoured at 8,45 a. m.
ectfully submitted
Secretary
ADDENDUM TO MINUTES: After the board meeting an error was discovered in the
age given by Ruth Eodice and -the one on her birth certificate. A newcal-
cutlation was made by the actuary, and all the board members eigrned this new
calculation, which changed the monthly retirement income from the approved
amount of $81.27 to a monthly retirement income of $123.88.
1. Name
MIAMI SHORES
PENSION PLAN
Calculation of Late Retirement Income
Ruth Eodice
2. Date of Birth August 19, 1909
3. Date of Employment May 16, 1955
4. Normal Retirement Date September 1, 1971
.5. Late Retirement Date January 1, 1972
6. Credited Service at LRD 16.583 Years
7. Age of Participant as of Late Retirement Date 62.333 Years
8. Final Monthly Compensation $373.42
Basic Compensa- No. of
Year tion Paid Months
1971 4,938.00 12
1970 4,656.00 12
1969 4,544.00 12
1968 4,252.00 12
1967 4,015.00 12
$ 22, 405.00 60
9. Accrued Monthly Retirement Income as of
January 1, 1972
oke
Ti`:\yhd_
$123.88
THE Wall COMPANY
Based on information supplied by the Village and the provisions of the plan,
the monthly late retirement income payable to Ruth Eodice is $123.88. The`first
payment is due on January 1, 1972 with subsequent payments due on the first day
of each succeeding month and the last payment being the payment due in the month
in which death occurs.
Certified by: THE WYATT COMPANY
Actuaries for Plan
Prepared by: �- Reviewed by: (4/.
Larry H. Weitzner - Owen C. Schlaug, Jr., A.S.A.
Associate Actuary
Consultant
THE ge.G LC COMPANY
Date: November 30, 1971
Pension Board
Miami Shores Pension Plan
• Miami Shores, Florida
Gentlemens
I hereby apply for a service retirement annuity in
ccordauce with the provisions of Miami Shores Pension. Plan to
take effect as of December ti 1271 , 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 an annuity equal to % of the amount of
my annuity.
I was born on August 19t ./*
My beneficiary was born on AZe4 cae % f O x- •%*
* To be verified by the Board.
•
Yours very truly,
Ruth L. Bodice
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