01-23-1978 Regular Meetingakako11mi ID A
January 23rd, 1978
ALL PENSION BOARD MEMBERS
There will be a meeting of the Miami Shores Village
Pension Board at Mr. Adam's Restaurant on Biscayne Blvd.
at 8:00 am on Thursday, January 26th, 1978.
The agenda will be as follows:
1.Reading or approval of minutes of the last meeting
(November 22nd, 1977)
2.Approval of Harold L. Cummings to go on pension as
of 2/1/78, and actuary "Calculation of Retirement
Income" Report.
3.Approval of the Wyatt Company's invoice for services
rendered to the Pension Plan for the year.
JAG/ejb
James A. Glaid
Pension Board Secretary
MIAMI SHORES PENSION PLAN
Calculation of Retirement Income
1. Name
2. Date of birth
3. Date of employment
4. Normal retirement date
5. Date of termination of service
6. Credited service as of date
7. Credited final compensation
Basic No. of
Year Compensation Paid Months
Harold L. Cummings
February 1, 1920
May 16, 1959
February 1, 1978
July 17, 1975
of termination of service 16.083 years
as of date of termination $944.37
1975
1974
1973
1972
1971
1970
$ 7,798.15
$12,603.33
$11,340.33
$10,525.00
$ 9,736.40
$ 4,659.00
$56,662.21
6
12
12
12
12
6
60
8. Accrued monthly retirement income as of date of termin-
ation of service
(a) 2% (.0200) x $944.37 = $18.89
(b) Item 6. x Item 8.(a) =
9. Monthly retirement income payable for life, first
payment payable on February 1, 1978
$303.77
$303.77
Based on information supplied by the Village and the provisions of the
plan, the monthly retirement income payable to Harold L. Cummings is $303.77.
The first payment is due on February 1, 1978 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. Mr. Cummings is guaranteed to re-
ceive payments which total $7,654.88, his accumulated employee contributions.
Prepared by:
Certified by: THE WYATT COMPANY
Actuaries for the Plan
t.a )12�G .�,�L Reviewed
Jean.,Mauldin
Administrative Assistant
THE Waal COMPANY
Wallace W. Wilson, F.S.A.
Actuary
•
Date: 4)/. 9-/9?8
Pension Board
Miami. Shores Pension Plan
Miami Shores, Florida
Gentlement
I hereby apply► for a service retirement annuity in
accordance with the provisions of Miami Shores Pension Plan to
take effect as of /'rte d" Y PT/ /9719 , as of which
date I discontinued service with Miami Shores Village.
I desire to avaj1 myself of the Reversionary Annuity
Option under the Plan and hereby designate my t49/P4
who is dependent upon me, as my beneficiary. I wish to provide
for my beneficiary an annuity equal to of the amount of
my annuity.
I was born on Ai% / - /f ./*
My beneficiary was born on O%iJ/ - V O,
* To be verified by the Board.
Tours very truly,
77(vuotzfitoff4Aiot,
FULL NAME
OF CHILD
Se
r
MICIIIGAN DEPARTMENT OF DEALT!!
State Filo No.
CERTIFICATE OF BIRTH
eau of Re.p& and Statistics
Twin or/
I If so, born No. mos.
1st, 2d, 3d .. pregnancy.—
Triplet. of
AC OF
Count
Township
I
Village or City
Name of hospital
or institution ... .
(If not ip loo..oit al. give street n(birmis)•
At
'11
Full
Nun
Date of
th. . ....... ...... ... , 19
USII ESIDENCt: OF NI onl 11
•
• • ,. '
ottuIFile No
State
'Township
Village or City
Mailing Address
Full Maiden
Name.
Color.
le of this birth
mitritk
42. .
...... . .... .Age at time of this birth11Z.
flirt hplue
ab
Occupation
(mid Industry
No. of other children of
this mother, now living
i•t
No. of oilier children,
born able,. now dead. .
1 hereby certify that 1 attended the birt
Oceupation
(and Industry)
•
Nti,jhorn dead .
n ubo$ •th le ate%) . ... . M.
this child, wbt
nut .
(lirn alive .r,t.iiurii
Or
AS REQUIRED BY LAW:
have eyes of child been treated with one nIIII
*elf per ent tio of mil er nitroite,
her's t
ate
toted for et,phtli
I not tested, state reason
1
Dated
tending physkian.
Address 1
Filed . , 19
(See Reverse Side)
WAVY PUBLIC, STATE of FLORIDA at LARGE
-•._ . MY COMMISSION EXPIRES JUNE 5, 1977
7 ,1 Banded Thru General Insurance UnderwrIteras
Registrar
1
CHICAGO
CLEVELAND
DALLAS
DETROIT
FORT WORTH
HONOLULU
HOUSTON
LOS ANGELES
MIAMI
Statement to:
THE Wail COMPANY
ACTUARIES AND EMPLOYEE BENEFIT CONSULTANTS
9595 NORTH KENDALL DRIVE
MIAMI, FLORIDA 33156
(305) 274-8080
December 15, 1977
Miami Shores Village
10050 N.E. 2nd Avenue
Miami Shores, Florida 33138
MINNEAPOLIS
NEW YORK
ORLANDO
PHILADELPHIA
SAN FRANCISCO
WASHINGTON
OTTAWA
TORONTO
For actuarial services rendered
through November 30, 1977 . $4,763.00
CHICAGO
CLEVELAND
DALLAS
DETROIT
FORT WORTH
HONOLULU
HOUSTON
LOS ANGELES
MIAMI
December 15, 1977
THE z,a(1 COMPANY
ACTUARIES AND EMPLOYEE BENEFIT CONSULTANTS
9595 NORTH KENDALL DRIVE
MIAMI, FLORIDA 33156
(305) 274-8080
Mr. James Glaid
Financial Director
Miami Shores Village
10050 N.E. 2nd Avenue
Miami Shores, Florida 33138
Dear Mr. Glaid:
Enclosed is our statement for actuarial services rendered
through November 30, 1977, in the amount of $4,763.00.
If you have any questions regarding this statement, please
do not hesitate to call or write.
Sincerely,
R. James Meth en
Consultant and Manager
/ cb
Enclosure
•
MINNEAPOLIS
NEW YORK
ORLANDO
PHILADELPHIA
SAN FRANCISCO
WASHINGTON
OTTAWA
TORONTO
Yep*? 1175" - # 183 f po
Yedit 1?74 — #11-82.1.00