HomeMy WebLinkAboutPension Minutes 2-11-19
*February11,2019 * 8:30 a.m.
БʹЌЉ ğ͵ƒ͵Ͳ CĻĬƩǒğƩǤ ЊЊͲ ЋЉЊВͲ ğƷ LIht wĻƭƷğǒƩğƓƷͲ АЉЊ b͵ LΏЋА, tƌğźƓǝźĻǞͲ ĻǣğƭͲ АВЉАЋ. Action
may be taken on each agenda item.
Members:
Sarianne Beversdorf, Wendell Dunlap, Bobby Gipson, Steve Martinez, Michael Frizzell, Kevin
Whisenant
Visitors:
Rachael Foster, Shane Rowell, David Sells, Tim Sharpe, Jeff re y Snyder
OPEN MEETING: Called to order by Gipson at 0832
1.Approval of minutes of the November 19, 2019 meeting.
Motion to accept minutes from November meeting as presented made by Frizzell and
second by Martinez all in favor.
2.Consider and take necessary action on receiving, reviewing and approving the quarterly
investment and rebalancing report by Morgan Stanley Investment Advisor, Tim Sharpe.
Motion to accept quarterly report and rebalancing as presented by Tim Sharpe made
by Frizzell and second by Gipson all in favor.
3.Consider and take necessary action on the
linesand Investment Objectives.
Investment Policy, Guide lines and Investment Objectives as presented by Tim Sharpe
by Frizzell and second by Gipson all in favor.
4.Consider Acceptance of New Board Member: Shane Rowellnominated to fill unexpired
Motion made to accept Rowell as new board member by Frizzell
term as Secretary.
second by Martinezall in favor.
Motion
5.Consider and take necessary action on current Board member term expiration dates.
made for Whisenant to remain for term by Beversdorf second by Martinez. Motion
made for Gipson to remain for another term by Beversdorf and second by Frizzell. All
in favor for both.
6.Consider personnel matters
A.Approval of new hires: Jesse Edwards, David Warren, Chief Timothy Gibson
Motion made to approve new hires by Frizzell and second by Whisenant
all in favor.
B.Approval of refunds on terminating employees: Wesley Crumpler, Ryan
Motion made to approve Crumplers refund of
Seals,McKinnon Walker.
$29,257.63 by Whisenant second by Gipson all in favor. Motion made to
refundof$32,840.08by Frizzel and second by Gipson all
Gipson and second by Frizzell.
Motion made to
C.Approval of retirements: Daren Miner w/ 2yr. Drop Election
$3,672.46 by Gipson and second by Whisenant all in favor.
D.Approval of proper course of actionon member deaths: JB McCaskill-
Item discussed
Approval ofsurviving spouse benefit for Beverly McCaskill.
and requested to be researched as to the proper amount of 2/3 or 50%
was the proper amount for survivor to receive.
Approvependinginvoicesforpayment:Legal services invoicefrom Hund Krier,Wilkerson&
Motionmadeto payinvoice by
Wrightand TEXPERS 2019 Membership renewal invoice.
Gipsonand second by Whisenant all infavor.
Motionmadeto adjourn by Gipson and second by Frizzell
Announcements&Adjourn.
allinfavor at 0934.