HomeMy WebLinkAboutPension Minutes 02-22-18
PLAINVIEW FIREFIGHTERS’ RELIEF AND RETIREMENT FUND
Minutes * February 22, 2018 * 12 p.m.
The Board of Directors for the Plainview Firefighters’ Relief & Retirement Fund held a meeting
12 p.m., Thursday, February 22, 2018, at Mia’s Italian Restaurant,
at 1001 North I-27,
Plainview, Texas Action may be taken on each agenda item.
Members:Visitors:
Sarianne Beversdorf Shane Harrell
Kevin Whisenant David Sells
Steve Martinez Tim Sharpe
Bobby Gipson Jim Stoker
Rusty Powers
OPEN MEETING: Called to order by Whisenant @ 12:43pm
Minutes approval from January 15, 2018 meeting tabled due
1.Approval of old minutes:
to not having a copy from Secretary Ramirez.
2.Consider personnel matters
Motion made by Beversdorf and second by
a.Approval of new hires: Taylor Phillips.
Gipson 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 action on receiving, reviewing and approving the quarterly
Proposal by Tim
investment and rebalancing report by investment advisor Tim Sharpe.
Sharpe to terminate Wedgewood Partners money managers and replace them with
Vanguard. Motion to accept made by Gipson, second by Beversdorf, all in favor
none opposed. Proposal by Tim Sharpe to take 25 % of the money currently in
Wedgwood and 10% from Oshaughnessy and place into a large cap index fund.
Total 35% and further breaking that number down with 10% in large cap value
and 25% in large cap growth. Motion to accept made by Martinez with second by
Beversdorf all in favor with none opposed.
4.Review updates regarding progress made on the 2017 audit, the 2017 actuarial study, and
revision of plan documents to coincide with changes made during the 2017 special
Necessary items send to auditor, actuary and Plan’s attorney. Will update
election.
at next meeting.
Member Steve Martinez
5.Review progress of mandatory training for new board members.
has completed 4 of the mandatory classes with 3 remaining. Frizzell has several more
to finish and Mayor Dunlap has all classes remaining.
NONE
6.Approve pending invoices for payment, if any.
NONE
7.Acknowledge deposits, if any.
Next meeting March 19, 2018.
8.Announcements.
By Gipson at 1:22pm
9.Adjourn.
Tony Ramirez
Secretary