HomeMy WebLinkAboutPension Meeting Minutes 07-20-20 PLAINVIEW FIREMEN'S RELIEF AND RETIREMENT FUND
AGENDA * July 20, 2020 *4:00 p.m.
The Board of Directors for the Plainview Firemen's Relief&Retirement Fund will hold
a meeting July 20te, 2020 at 4:00 pm Leal's Restaurant,3311 Olton Rd.,Plainview,
Texas, 79072. Action may be taken on each agenda item.
This notice is posted pursuant to the Texas Open Meetings Act. [Tex. Gov't
Code Ann. Sec. 551.001 et. seq.] The Board reserves the right to conduct a
closed meeting on any agenda items in accordance with Tex. Gov't Code
Ann., Chapter 551, Subchapter D. This meeting is also being conducted in
accordance with the Americans with Disabilities Act [42 USC 12101 et.
seq.]. The facility is wheelchair accessible and handicap parking is
available. Requests for sign interpretive services are available upon
requests received at least 48 hours prior to the meeting. To make
arrangements for those services call 296-1139.
Members: David Sells,Bobby Gipson,Shane Rowell,Sarianne Beversdorf,Kevin
Whisenant
Visitors: Kevin Mosley, David Sawyer, Harrison Hart, Cary Smith, Jeffery
Snyder, Phillip Mize (audio recorded meeting)
OPEN MEETING:
1. Approval of minutes from the June 15th, 2020 meeting.
Motion made to accent minute by Sarainne Beversdorf and second by
Kevin Whisenant all in favor.
2. Consider and take necessary action on Annual Audit Report as presented by Kevin
Moseley.
Motion made to accent Audit as presented by David Sells second by
Sarianne Beversdorf all in favor.
3. Consider and take necessary action on engagement letter with Retirement Horizons,
Inc. for the Actuarial Valuation as of July 2020 and special study of actuarial
assumptions by David Sawyer.
Motion made not to accept as presented and to have a better calculation
for next meeting by K. Whisenant second by S. Rowell all in favor.
4. Consider and take necessary action on the Quarterly Investment and Rebalancing
Report by Morgan Stanley Investment Advisor and Graystone Consulting Associate,
Daniel Sullivan.
Motion made to accept Quarterly Investment and rebalancing as
presented and to make necessary change as su22ested by Daniel Sullivan
by David Sells second by K. Whisenant all in favor.
5. Discuss Nominations for Public Board member position on board
Motion made to accept Albert Perez as Public board member by Be
Gipson second by D. Sells all in favor.
6. Discuss Vernon Thomas pension still funding from Frost bank after all documentation
has been sent to stop payment.
Discussed looking further into issue and making contact with Frost Bank
to correct issue.
7. Announcements & Adjourn.
Meeting adiourned at 1707 motion made by S. Rowell second by B.
Gipson all in favor.