09-20-2004Joint MeetingC'
Minutes
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City of Clermont, Florida
Police Officers/Firefighters Pension Board of Trustees Joint Meeting
September 20, 2004
Meeting started at 11:00 A.M. in the Clermont City Hall Conference Room No. 332.
Police Officers trustees present were Keith Mullins, Mike Blackmon, David Lofgren and Mike Scheller.
Firefighters trustees present were Paul Anderson, Keith Mullins, Tom Jones and Steve D'Amico.
Administrative Services Director Joe Van Zile and Paul Shamoun with the Florida League of Cities
were also present.
Minutes of the April 29, 2004 Firefighters Pension Board Meeting were approved.
Motion by Steve D'Amico and seconded by Keith Mullins. Approved.
Minutes of the April 29, 2004 Police Officers Pension Board Meeting were approved.
Motion by Mike Blackmon and seconded by David Lofgren. Approved.
Trustees discussed the idea of using pension funds to assist reirees with health insurance costs.
Adminstrative Services Director Van Zile suggested waiting until the City's Group Health Insurance
committee met later this year to see if a city contribution could be made pertaining to all city retirees.
Trustees agreed.
Trustees discussed the possibility of allowing members to purchase prior years service at the current
higher benefit accrual rate of 3.00%. It was also discussed whether the plan should pay for this instead
of the members. Paul Shamoun said that he could provide cost estimates for both options. Trustees
thought it would be good to have the cost estimates before making a recommendation.
Mr. Shamoun presented and discussed the Investment Performance Analysis Report for the periods ending
June 30, 2004.
Meeting adjourned at;'11:55 A.M.
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Chair an, Keith Mu;}1 ins
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Secretary, Mike Blackmon