HomeMy WebLinkAboutPension Minutes 05-24-18
PLAINVIEW FIREFIGHTERS’ RELIEF AND RETIREMENT FUND
Minutes * May 24, 2018 * 12 p.m.
12 p.m.,
The Board of Directors for the Plainview Firefighters’ Relief & Retirement Fund held a meeting at
Thursday, May 24, 2018, at Mia’s Italian Restaurant,
1001 North I-27, and Plainview, Texas. Action may be
taken on each agenda item.
Members: Visitors:
Sarianne Beversdorf Rachael Foster
Wendell Dunlap Rusty Powers
Tony Ramirez David Sells
Michael Frizzell Tim Miller
Steve Martinez Tim Sharp
OPEN MEETING: Called to order by Ramirez @ 12:10.
th
Motion made by Frizzell to accept minutes for April 24 2018 and second
1.Approval of old minutes.
by Beversdorf. All in favor and motion passed.
2.Consider personnel matters
NONE
a.Approval of new hires:
b.
Approval of refunds on terminating employees:
st
Chief Rusty Powers: Last day is to be June 1 2018. Need to calculate
c.Approval of retirements:
st
retirement and drop amounts. First check to start July 1. Waiting on rollover paperwork for
drop amount.
st
2.)Lt. Everett Bishop: Last day is to be June 1 2018. Lt. Bishop will not remove funds at
this time. He has decided to have funds distributed on the regular retirement schedule.
NONE
d.Approval of proper course of action on member deaths:
3.Consider and take necessary action on receiving, reviewing, and approving the quarterly investment &
Fund doing well overall. Per recommendation
rebalancing report by investment advisor Tim Sharpe.
of Time sharp motion made to terminate Glovista and replace with Driehaus made by Frizzell and
second by Martinez with all in favor. Per Time Sharp motion made to assign Victory Trivalent to
small and midcap investment manager made by Frizzell and second by Martinez with all in favor.
Motion made to rebalance funds as presented by Tim Sharp made by Frizzell and second by
Martinez with all in favor.
Nothing to report.
4.Review progress of mandatory training for new board members.
5.Approve pending invoices for payment:
Deposit from FEF Settlement fund for $39.88.
6.Acknowledge deposits, if any.
th
Next meeting set for June 16 2018.
7.Announcements:
Meeting adjourned by Ramirez @ 13:14.
8.Adjourn.