05-04-2011 Fire Pension Meeting City of Clermont Firefighters Pension Plan Board of Trustees Meeting Minutes
May 4`h,2011
• Meeting called to order at 9:00 at Clermont Fire Department Administration Conference Room
• Meeting Attendance:
o Paul Anderson
o Thomas Bennett
o Sy Holtzman
o Joseph VanZile,City of Clermont Administrative Services Director
o Several plan members and representative of IAFF Local
• Reviewed December 13, 2010 meeting minutes; approved
• J.VanZile provided update on distribution of Summary Plan Description
o Copy e-mailed to all plan members
o Copy in HR Collective folder
o Copy passed out by JVZ
• Discussion on affiliation with League of Cities as plan administrator
o Some members feel League of Cities' stance on proposed legislative changes could be a
conflict of interest in relationship to what the membership stands for.
o Suggestion made by T. Bennett to have second actuarial study completed by 3rd party.
• Discussion that actuarial that is completed is already done by 3`d party and not
League of Cities themselves.
• J Van Zile suggested to have rep from League of Cities come to next meeting to
brief board members on role of League of Cities
• Motion by Holtzman to table further discussion until next meeting,seconded by
Anderson
o Discussion on future actuarial studies by T. Bennett
• Motion by Anderson to table further discussion until next meeting after more
information gained from legislative session as well as from League of Cities rep;
seconded by Holtzman
• Motion passed unanimous
• Discussion on distribution of 175 funds to plan members initiated by Anderson
o Requested to come up with plan to distribute 175 funds on an annual basis to all plan
members as benefit enhancement in lieu of previously proposed benefit enhancements
• Suggested that this would provide increased benefits at no additional current or
future cost to City.
• Suggestion made to table further discussion until after legislative session to
determine what changes will be forthcoming to the 175 plans.
• Motion by Anderson to table further discussion on distribution of 175 funds to
plan members,seconded by Holtzman
• Update on possible changes in legislation regarding 175 plans
o Board members and City representative Van Zile answered questions from audience
about pension fund and plan as well as increase to normal retirement.
o More information will be available after legislative session closes.
• Meeting adjourned 09:30
• 'Next meeting TBA
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