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09-20-2012 Police Pension Meeting AMENDED December 20,2012 Board of Trustees of the City of Clermont Police Officers Retirement Plan MINUTES Pension Board Meeting September 20,2012 The Board of Trustees of the City of Clermont Police Officers Retirement Plan met on September 20, 2012 in the conference room at the Clermont Police Department. Board members present were: Michael Scheller, Scott Tufts, and James Wynns. Also present was Legal Counsel Scott Christiansen. CALL TO ORDER Meeting was called to order at 4:00 pm. APPROVAL OF MINUTES Minutes of the June 21, 2012 meeting were approved. Moved by J. Wynns and seconded by S. Tufts. OLD BUSINESS The review of the Rodriguez pension was tabled until the December meeting. NEW BUSINESS 2011 Premium Tax Distribution—An August 20, 2012 letter from the State's Department of Management Services said that $203,523.02 was to be deposited in the Police Officers' Retirement Trust Fund. M. Scheller asked if this could be used for additional benefits. S. Christiansen said that was the original intent of the premium,but due to recent happenings in Tallahassee, the interpretation of Chapter 185 of the Florida statutes is being reviewed and subject to change. In short, everything is up in the air. Avoidance of Benefit Overpayments Memo—A June 21, 2012 memo from Attorney Christianson requested that a review be made of all retirement benefits currently being from the plan. Apparently it has not been done and J. Wynns will perform the review. The next meeting will be held December 13, 2012 at 4:00 pm at the Clermont Police Department. ATTORNEY REPORT S. Christianson asked if the Retirement Plan Summary document approved at the last meeting had been distributed to all officers. M. Scheller said he will Email it to everyone. S. Christianson briefed the Board on his review of the pension benefits for former officer Daniel Cheatham. He said that he had reviewed the law and the facts in the matter. Based on his review and analysis,he concluded that there was no basis for forfeiture. S. Christianson said that Member Chuck Broadway's term is up December 1St. He is the fifth member(selected by the Board). The Board will need to select a new fifth member at the December meeting. BILLS AND EXPENSES FOR APPROVAL Payment for expenses of$6,051.34 was approved. Moved by M. Scheller and seconded by S. Tufts, ADJOURNMENT President Secretary