01-12-1993 Special MeetingMIAMI SHORES VILLAGE
SPECIAL PENSION BOARD MEETING
JANUARY 12, 1993
A special meeting of the Village of Miami Shores Pension
Board was called to order by Chairman Johnson at 8:08 A.M.
The following were in attendance:
Board Members: Mr. Steven Johnson
Mr. Joseph Charles
Lt. Jack Ulmer
Mr. Walter Latimer
Mr. Henry Courtney
Mr. Richard Trumbie
Ms. Gall Macdonald
Also Present: Mrs. Patricia Varney,
Plan Administrator
Mr. William Fann, Village Attorney
Mr. Raymond Newby
Mr. Steve Palmqulst of
Kruse, O'Connor & Ling
1. Request approval for Mr. Raymond Newby disability benefit.
Mrs. Varney Informed the Board that the medical report
presented by Dr. Stein indicated that Mr. Newby was eligible
for disability benefits. Lt. Ulmer moved to approve Mr.
Newby's disability benefits In the amount of $1362.38 per
month. Mr. Latimer seconded the motion and it passed
unanimously.
2. Request approval of Lt. Jack Ulmer's retirement benefit.
Ms. Macdonald moved to defer this item on the agenda to be
discussed after item 8. Lt. Ulmer seconded the motion and It
passed unanimously.
3. Discussion on Older Workers Benefit Protection Act.
Mr. Stephen Palmqulst of Kruse, O'Connor and Ling Informed
the Board that the Older Workers Benefit Protection Act went
Into effect In October of 1992. Under the Miami Shores
Village Code Sec 18-47 any employee who is 55 or over is
prohibited to Join the pension plan. This clearly violates
the new law.
After much discussion, the Board requested that Mrs. Varney
calculate the benefit the affected employees will receive If
benefit Is retroactive to 1988 and October 1992 respectively.
Mr. Palmqulst will calculate an actuarial Impact statement
regarding the potential financial Impact on the Pension Plan.
Mr. Fann, the Village Attorney, will Investigate the waiver
issue should the employees affected choose not to Join the
Plan.
4. Request of approval for reimbursement to Miami Shores
Village In the amount of $51 for purchase of Minute Book and
filler sheets.
Mr. Latimer moved to approve the reimbursement of $51 to
Miami Shores Village. Mr. Charles seconded the motion and It
passed unanimously.
5. Request of approval for reimbursement to Miami Shores
Village In the amount of $1,357.07 for legal service rendered
in pension related matters.
Mr. Latimer moved to approve the reimbursement in the amount
of $1,357.07 to the Village of Miami Shores. Mr. Charles
seconded the motion and it passed unanimously.
6. Request of approval for payment to Kruse, O'Connor & Ling
In the amount of $1,539 for services rendered as per billing
of December 18, 1992.
Mr. Trumble moved to approve payment to Kruse, O'Connor &
Ling In the amount of $1,539 for services rendered as per
billing of December 18, 1992. Mr. Latimer seconded the
motion and it passed unanimously.
7. Request of approval for payment to Dr. Jay Stein in the
amount of $350 for physical examination performed on
Mr. Raymond Newby.
Mr. Charles moved to approve payment In the amount of $350 to
Dr. Jay Stein for the physical examination performed on
Mr. Raymond Newby. Mr. Latimer seconded the motion and it
passed unanimously.
8. Request approval of the Minutes of the November 19, 1992
Pension Board meeting.
Lt. Ulmer moved to approve the Minutes of the November 19,
1992 Pension Board meeting as submitted. Mr. Latimer second-
ed the motion and it passed unanimously.
9. New Business
Lt. Ulmer resigned his position on the Pension Board
effective immediately.
The Board thanked Lt. Ulmer for his dedication In serving on
the Board and wished him well on his retirement.
Ms. Macdonald moved to accept Lt. Ulmer's resignation and Mr.
Courtney seconded the motion. The motion passed unanimously.
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10. Approval of Lt. Jack Ulmer's retirement benefit.
Mrs. Varney informed the Board that Lt. Ulmer has chosen the
100% survivor annuity with a benefit of $2424.69 per month
effective February 1, 1993. Ms. Macdonald Informed the Board
that if the PBA negotiations were ratified, Mr. Ulmer's
pension would be adjusted according to the contract which
will become retroactive as of October 1,1992. Mr. Latimer
moved to approve Lt. Ulmer's benefit with the understanding
of Ms. Macdonald's statement. Mr. Charles seconded the
motion and It passed unanimously.
The Board decided on the following dates for the quarterly
meetings for 1993:
Thursday February 11, 1993
Thursday May 13, 1993
Thursday August 12, 1993
Thursday November 11, 1993
A motion for adjournment was made at 8:48 A.M.
Gal Macdonald, Secretary
Steven Jo so
Mayor