HomeMy WebLinkAbout1983 07 20 Board of Trustees Regular Minutes
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TRUSTEES MEETING - PENSION PLAN
CITY OF WINTER SPRINGS, FLORIDA
JULY 20, 1983 - 4:00 P. M.
The Trustees Meeting of the City of Winter Springs, Florida, was called to order by
Trustee, Mayor John V. Torcaso.
Present:
Mayor John V. Torcaso
City Manager Richard Rozansky
Commissioner Inez Linville
Mr. John Hatfield
Motion was made by Hatfield, seconded by Linville, to approve the minutes of
July 13, 1983 with a change in the third paragraph to read as follows: Your base
salary includes vacation and sick pay received during the Plan Year. Discussion.
Motion carried.
The following changes were made to the Summary Plan Description:
on the last page (Additional Important Information) add after Plan Administrator -
Employer - Contact City Manager.
In Section D, first paragraph, delete the word "die" and add; to your beneficiary
upon your death.
In Section E-l add: The same as the City's Fiscal Year.
In Section F(2) add: "Trust"before"investment earnings and appreciation."
- In Section J-2 add: "If still employed" before the words "Can I transfer my account
balance to someone else?
The next meeting will be July 27, 1983, 4:00 p. m.
The ad for proposals for professional services of a qualified administrative delegate
for the administration of the money purchase pension plan will be advertised in the
newspaper, accepting proposals unti~ August 22, 1983.
The meeting was adjourned 5:12 p. m.
Respectfully submitted,
~;-:~
Mary T. Norton,
City Clerk
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