06-17-2010 Police Pension Bd MinutesBoard of Trustees of the City of Clermont Police Officers Retirement Plan
MINUTES
Pension Board Meeting
June 17, 2010
The Board of Trustees of the City of Clermont Police Officers Retirement Plan met on Thursday, June 17, 2010 in the conferenc e
room at the Clermont Police Department. Board members present: Scott Tufts, Michael Scheller and Harold Cummings. Others
present were Joe Van Zile and Plan attorney Scott Christiansen.
CALL TO ORDER
Meeting was called to order at 4:05pm
APPROVAL OF MINUTES
No minutes to report from previous meeting
INVESTMENT REPORTS
No reports
No reports
NEW BUSINESS
A. Attorney Christiansen explained the duties and responsibilities of each trustee. All trustees agreed on responsibilities.
B. Member vote was conducted for new trustees of the plan. All members agreed and none opposed.
1. Chairman: Michael Scheller
2. Secretary: Scott Tufts
3. It was proposed that the fifth member vote be tabled until the next meeting.
C. The city stated that they were still waiting on conformation on another city appointment to the board.
D. Meeting schedule was discussed and was proposed that we meet around the pension attorneys meeting schedule. Christiansen
stated that he conducts several meeting in the area and it would cut costs to revolve around that schedule. All members agreed.
E. General Discussion:
• City retirement actuarial approved by board.
• Van Zile discussed staggered terms with Christiansen, Christiansen stated that we could stagger board members terms.
Several options were discussed.
• Discussed Van Zile will continue to be the point of contact to forward all plan bills to League of Cities for payment.
Van Zile will also provide all payment documentation to include deposits.
ATTORNEY REPORT
Christiansen stated that he was asked by the previous board to look at the current pension plan and make suggestions. Christiansen
presented a new plan suggestion that would include new laws and update the old plan. Christiansen stated that the current plan was out
of date and certain laws have changed since the plan was put in place. Christiansen recommended that the board read the suggested
upgrade to the plan (All members have a copy of his suggestions). Christiansen stated that the current plan is also hard to read and is
in separate parts. Each member agreed to read the plan and discuss at the next meeting. Christiansen also reminded the board that his
fee increases that was already agreed on by the previous board.
BILLS AND EXPENSES FOR APPROVAL
No Report