HomeMy WebLinkAboutRetirement Committee - Minutes - 12/15/19830 •
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GENERAL EMPLOYEES' RETIREMENT COMMITTEE
Minutes of Meeting on December 15, 1983
Members Present:
Members Absent:
Ronald R. Wood's Office
Don Botteron
Deb McClurkin
Mollie Mercer
Ron Wood
Angie Powell
A meeting of the General Employees' Retirement Committee was held on December
16, 1983. The meeting was called to order by Deb McClurkin.
Retirement benefits for Milford Hoffman were discussed. Calculations for Mr.
Hoffman's retirement were obtained from A.S. Hansen. From the figures submitted,
Mr. Hoffman chose the 100% Joint & Survivor Option for $186.91 per month. Motion
was made by Ron Wood approving his retirement option; motion seconded by Deb
McClurkin.
It was suggested by Ron Wood that signatures be obtained from all future retirees
confirming their retirement date as well as their beneficiary. This procedure will
be a routine part of the retirement process.
Ron Wood provided an update to the Board on the status of the distribution of
benefits payable as a result of Ellen Thexton's death. He indicated that A.S. Hansen
had calculated the benefits assuming that either Cynthia Burke or James Wolfe
would receive the benefits. He also indicated that the City Attorney's office had
been contacted for advice as to determining the beneficiary.
Don Botteron questioned whether the check should have a special endorsement
clause stating that the amount of $21,813.57 was a final lump sum payment in
settlement of Ms. Thexton's death benefits.
Mr. Wood made a motion to award a lump sum benefit in the amount of $21,813.57
payable to Cynthia W. Burke and James P. Wolfe conditioned upon the City Attorney's
review and comment. The motion was seconded by Don Botteron and was approved
by the Board.
With no further business to discuss, the meeting was adjourned.
APPROVED:
Don Botteron, irman
cc: John E. Arnold, City Manager
/cj
Ronald R. Wood, Finance Director