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06-25-2003 Joint Meeting• • Minutes City of Clermont, Florida Police Officers/Firefighters Pension Board of Trustees Joint Meeting June 25, 2003 Meeting started at 1:30 P.M. at the Police Department Community Services Room. Police Officers trustees present were Keith Mullins, Mike Blackmon, David Lofgren and Oakley Seaver. Firefighters trustees present were Paul Anderson, Keith Mullins, Harold Cummings, Richard Bell and Tom Jones. Finance Director Joe Van Zile was also present. Minutes of the January 23, 2003 Firefighters Pension Board Meeting were approved. Motion by Keith Mullins and seconded by Richard Bell. Approved. Minutes of the January 23, 2003 Police Officers Pension Board Meeting were approved. Motion by Mike Blackmon and seconded by Oakley Seaver. Approved. Tom Jones, was introduced as the elected firefighter trustee replacing Daryl Hyatt who resigned in January. Finance Director Van Zile briefed board members on general information regarding the aspect of allowing plan members the ability to purchase credited service time from previous employers. The credited service would be paid by the employee with no contribution from the City. It was discussed that this is typically expensive to the employee, but could be an attractive recruiting tool for new employees. After considerable discussion, it was the consensus of the board members that they would like Finance Director Van Zile to draft a resolution that would recommend approval to the City Council for discussion at the next pension meeting. Meeting adjourned at 2:00 P.M. ~, .,/} C "ir an, Keit Mullins :~'? Secretary, Mike Scheller