HomeMy WebLinkAboutRetirement Committee - Minutes - 09/18/1973i 0
•
MINUTES OF THE EMPLOYEES RETIREMENT
COMMITTEE HELD ON SEPTEMBER 18, 1973
Present: John D. Hartman, Mable Preble, Warren Dalke, Glenn Smith (for C. Cain),
and Jack E. Williams
Absent: Charlie D. Cain and Philip A. Shade
Mr. John D. Hartman was elected chairman. Received a request from Mr. Everett
Shellenbarger to change his designated beneficiary to: Julie Elaine Shellenbarger,
Daughter. His program allowed for this procedure. Motion made to allow the change
and was passed by a unanimous vote.
Received a report from Coats, Herfurth and England regarding Grace Thornburg's
retirement. It gave four alternate programs. She elected to take the Normal
Retirement Benefit as of July 23, 1973. Her first payment is due October 1, 1973.
A motion was made to accept Grace Thornburg's retirement plan. It was passed.
There was a discussion on Committee duties as this was the first meeting for the
new memebers. There was also discussion on the need for an actuary study and the
best time to have it done. It was noted that there is a committee of employees
studing the current plan and it was decided to wait on the actuary study until
the employee committee could provide some input.
There being no further business, the meeting was adjourned.
u _
Glenn Smith, Assistant Finance Director
0