07-06-2011 Fire Pension Meeting City of Clermont
MINUTES
Fire Fighters Pension Board of Trustees
7/6/2011
The Clermont Fire Fighters Pension Board of Trustees met in a regular meetmg on 7/6/2011 at Fire
Station No. 1.Thomas Bennett called the meeting to order at 10:00 am with the following present:
Thomas Bennett,Lee Drew, Sy Holzman,Frank Manglione,Joe VanZile
MINUTES
Approval of May PB Meeting. TB Requesting motion to postpone approval until next meeting, Motion
made by Sy Holzman and seconded by Frank Manglione
r of 2011. He
JVZ- expense report for the plan from the first and second quarters JVZ Presented the quarterly e p ep p q
will be providing the board with quarterly expense reports at each meeting to be approved by the board.
The board unanimously approved the expense reports for 2011.
TB,JVZ-Discussed the major changes in legislation regarding pensions, specifically SB 1128 changes to
the FSS 175 program. Major changes discussed were: annual/sick leave accrued and paid in a lump
sum will no longer be calculated into pension averages, only OT less than or equal to 300hrs will be
counted toward.end benefit, changes do not effect plan members until next contract (10/2012), employee
increased contribution no longer necessarily tied with benefit increase.
REPORTS
Quarterly expense reports(1'and 2"d quarter 2011)
OLD BUSINESS
SH- Secondary actuarial study discussion was postponed from May's meetmg to await changes in
legislation. Currently the board's stance is that a secondary study, at the request and cost of the L4350,
would be allowable if such becomes necessary. TB- Currently the point is moot since no major changes
requiring a study are on the table.
NEW BUSINESS
September 7 and December 7, 2011 are the tentative dates for the remaining 2011 PB meetings
ADJOURN: With no further comments,this meeting was adjourned at 10:45am.
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