HomeMy WebLinkAbout1983 07 27 Board of Trustees Regular Minutes
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TRUSTEES MEETING - PENSION PLAN
CITY OF WINTER SPRINGS, FLORIDA
JULY 27, 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 Linville, seconded by Rozansky to approve the minutes of July 20,
1983. Discussion. Motion carried.
The following changes were made to the Summary Plan Description:
Section F - change "salary" to "pay" and in Section D-3 after the second paragraph add
the following examples:
Ex. 1 - If a participant terminates after completion of less than 501
hours in any given plan year, payment will be made after the
end of that plan year.
Ex. 2 - If a participant terminates after completion of 501 hours in
any given plan year, payment will be made after the end of
the following plan year.
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The changes will be made in the Summary Description Plan and will be given to the
City Manager to be printed up for the employees.
The City is advertising for proposals for professional services of a qualified
administrative delegate for the administration of the Money Purchase Pension Plan
for employees of the City of Winter Springs. Proposals will be accepted through
August 22, 1983.
The next meeting of the Trustees will be August 24, 1983 - 4:00 p. m. to review the
proposals.
Meeting was adjourned 5:00 p. m.
Respectfully submitted,
Mary T. Norton,
City Clerk
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