HomeMy WebLinkAbout1983 07 13 Board of Trustees Regular Minutes
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TRUSTEES MEETING -PENSION PLAN
CITY OF WINTER SPRINGS, FLOR1DA
JULY 13, 1983 - 4:00 P. M.
Present:
Richard Rozansky, City Manager
John V. Torcaso, Mayor
Inez Linville, Commissioner
John Hatfield
The Trustees Meeting of the City of Winter Springs Pension Plan was called to review
and approve the SPD, select an administrative delegate to assist the City in the
administration of the Plan, and select the investment manager or vehicle to handle
the City's contribution.
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Motion was made by Rozansky, seconded by Hatfield, that the Trustees have a meeting
in June of 1984 and review the matter of whether or not they feel at that time the
submission should be made to I.R. S. Motion carried unanimously.
In the Summary Plan Description, Section F was changed to read as follows:
Section F-2 to read: What is Base Salary? Your base salary includes vacation and
sick pay received during the Plan year, but excludes incentive and overtime pay and
any other extra pay.
Motion was made by Linville, seconded by Hatfield, that the City select an administra-
tive delegate to assist the City in the administration of the Plan. Motion carried
unanimously.
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The Trustees are to review the Summary Plan Description, and this will be discussed
at the meeting on July 20, 1983.
An ad for the selection of an administrative delegate to assist the City in the
administration of the Plan will be drawn up and presented to the Trustees for their
approval at next week's meeting.
The next meeting will be held on July 20, 1983, at 4:00 p. m.
Meeting was adjourned at 5:15 p. m.
Respectfully submitted,
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Mary Norton,
City Clerk
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