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MINUTES
CITY OF FORT COLLINS
EMPLOYEES' RETIREMENT BOARD
MARCH 16, 1983
MEMBERS PRESENT:
TIME AND PLACE:
Meeting was called to
retirement application
for review and action
Rupert Coleman
Ron Wood, Mollie Mercer, Deb
McClurkin, Don Botteron,
Angie Powell
1:30 p.m. - Ronald R. Wood's Office
order March 16, 1983 at 1:35 p.m. One
was submitted before the board members
as follows:
26.5 years with City
Light and Power Department
TERMINATION: March 31, 1983
Mr. Coleman was advised of his
options and chose the 50% joint
and survivor option. The board,
after reviewing the actuarial
valuation performed by Don Mazanec
of A.S. Hansen, Inc., approved the
Early Retirement of Mr. Coleman
by a motion from Ron Wood and a
second by Deb McClurkin in the
amount of $603.36 per month for
his lifetime, and an amount equal
to one-half month's benefit will
be paid to his surviving benefi-
ciary, Mary Johnson.
Monthly benefit payments will
begin April 30, 1983.
Upon the request of Mr. Coleman,
his retirement check will be
mailed to: Route 1, Box 313,
Hinton, Oklahoma 73047.
The board also discussed action to temporarily suspend checks
for Elsie Mannon until further information is received regarding
the action of Equitable Life Insurance. Mrs. Mannon will be
contacted for clarification and a letter of release. A motion
by Ron Wood was seconded by Angie Powell. Formal action will
be taken at the next meeting.
Meeting was adjourned by Chairman Botteron.
Respectfully submitted,
Ronald R. Wood
Director of Finance