HomeMy WebLinkAboutPension Minutes 09-17-18
PLAINVIEW FIREFIGHTERS’ RELIEF AND RETIREMENT FUND
Minutes * September 17, 2018 * 12 p.m.
The Board of Directors for the Plainview Firefighters’ Relief & Retirement Fund held a meeting
12 p.m., Monday, September 17, 2018, at Leal’s Mexican Restaurant, 3311 Olton Road
at ,
Plainview, Texas. Action may be taken on each agenda item.
Members:Visitors:
Sarianne Beversdorf Rachael Foster
Wendell Dunlap David Sells
Tony Ramirez David Sawer
Bobby Gipson
Steve Martinez
OPEN MEETING: Called to order by Gipson @ 12:16pm
Minutes from July meeting motion made by Martinez and
1.Approval of old minutes:
second by Beversdorf with all in favor. August minutes not ready yet.
2.Consider personnel matters
Motion made by Beversdorf and second
a.Approval of new hires: Brian Alvarado.
by Martinez with all in favor.
NONE
b.Approval of refunds on terminating employees:
NONE
c.Approval of retirements:
NONE
d.Approval of proper course of action on member deaths:
3.Consider and take necessary actions on actuary report presented by Retirement Horizons.
Amortization period not looking good. There has been and increase from 31.6yrs to
44.8yrs. This increase is partly due to low contributions from short staffing during
the year of the study with the dept. being at 34 members and not the full 36. Another
contributing factor is raises have not followed projected time lines. Amortization
should improve over the next study with full staffing and proposed pay increases.
Motion made by Martinez to hold any changes at this time and see what the next
study shows. Second was made by Beversdorf and all were in favor.
Motion made by Beversdorf to assign Rachael Foster
4.Assign a Plan Administrator.
as the Plan Administrator and second by Martinez with all in favor.
5.
Authorize Frost Bank to continue to be the Custodian of the fund and to continue to
Motion made by
make and distributions as directed to authorized recipients.
Beversdorf to Authorize Frost Bank to continue to be the Custodian of the fund
and to continue to make and distributions as directed to authorized recipients.
Second by Martinez with all in favor.
6.Approve pending invoices for payment: Invoice # 2018-4791 Mosley&Riddle for the
amount of $2,300.00 for the audit of financial statement and preparation of PRB form 100.
Motion to approve invoice #2018-4791 to Mosley&Riddle made by Gipson and
second by Beversdorf with all in favor.
NONE
7.Acknowledge deposits, if any.
NONE
8.Announcements.
By Gipson at 1:22pm
9.Adjourn.
Tony Ramirez
Secretary
Posted on 9-27-18 @12:55pm