HomeMy WebLinkAboutMINUTES Firemen's Pension Board 1997-07-01BRADFORD PUBLISHING CO.
RECORD OF PROCEEDINGS
Firemen's Pension Board
July 1, 1997
Board: Mayor Dekker, Fire Chief Dorman, 1st Ass't.
Chief Ford, Treasurer Vavra, Clerk O'Connor
Also Attending: Town Administrator Klaphake
Absent: None
Mayor Dekker called the meeting to order at 8:06 a.m.
APPLICATION FOR PENSION.
Stephen Campbell has submitted his application for pension and
Fire Dept. Secretary Chrastil certified the application was
proper. It was moved and seconded (Vavra/Dorman) the current
full pension ($225.00/mo.) be approved retroactive to June 1,
1997, and it passed unanimously.
DEATH BENEFITS.
Treasurer Vavra reported that the $100.00 death benefit (each)
has been issued to the surviving spouses of Rudy Anspauch who
passed away May 8, 1996, and William Mathews, May 3, 1996. Staff
explained the policy/procedure in paying death benefits.
ACTUARIAL STUDY - PRESENTATION.
Treasurer Vavra submitted an Actuarial Valuation as of January 1
1997 as prepared by The Actuarial Consulting Group, Inc. The
Fund will be actuarially sound, and the expected 1997
contributions are enough to pay Normal Cost, and to amortize
Unfunded Actuarial Liability over four years.
Discussion on disability benefits and a question and answer
period followed. It was moved and seconded (Dorman/Ford) the
actuarial Valuation as of January 1, 1997 be accepted, and it
passed unanimously.
There being no further business, Mayor Dekker adjourned the
meeting at 8:40 a.m.
Vickie O'Connor, CMC/AAE, Town Clerk