Meeting notes from
23 January 2002
Called to order: 19:00
Current fund: (around) $13 million. (curren tfigures unavailable)
Board approved this month's payments: $61,675.63
Old Business: Board member Hoy asks
if the numbers representing the number of firefighters under reserves
and volunteers. Schneider responds: 54 choosing to remain volunteers,
36 choosing to be classified as reserves.
New Business: Vice President Meehan
asked that financial information and pertinent data be available to
board members via e-mail prior to meetings in the future. Chief Dextras
responded that the infromation will be available in the future.
Good of the Department: Former board
member Ed Lyons asks: Has legal made progress on dissolution plans
for the volunteers?. Chief 1 advised that legal (Rick Shearer) will
have this topic on tonight's agenda
Notes:
What does the VP of the Pension board actually DO? Function? Duties?
Notes
from the Most Recent Board Meeting
11
December, 2001
- President Oletski not present
- $61675.62 approved for January 2002 payments
- 50-50 reserve/volunteer participation by
mail cards
- Approved retirement of John Healy. Board President Kerr commented
that Healy provided 10-years of exemplary service. Directed the Chief
to write a letter thanking him for his service.
District Board President Kerr recognizes Ed Lyons, who comments:
- Thanks Roselle for career as custodian of pension board minutes.
- Thanks to the board for the pension increases.
- Concerned for pension should the volunteer department dissolve.
- suggests a legislative change to add members to act as custodians
for the pension
Question: Can the custodian be an active member, retired member?
Vice President Meehan will e-mail the text of the current statute
to Secretary Kerr for consideration
Legal counsel will forward judgments and decisions as presented in
related cases.
Old
News:
New
Pension Board Vice President...
At the 14 November Board of
Director's meeting, Tim Meehan accepted the position of Vice President
of the Pension Board, assisting long time President, Greg Oletsky.
Current
State of the Pension:
Most recent accounting of the pension fund (as recorded in the meeting
minutes of February, 2001) shows the pension fund to be sound, with
over $13-million in the account. Pensions are being paid to retired
and vested members at a rate of just over $55,000 per month.
