HomeMy WebLinkAbout1985 04 01 Board of Trustees Regular Minutes
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TRUSTEES MEETING - PENSION PLAN
CITY OF WINTER SPRINGS, FLORIDA
APRIL 1, 1985 - 10:00 A. M.
The meeting of the Trustees of the Winter Springs Pension Plan was called to order
by Mayor John V. Torcaso.
Roll Call:
Mayor John V. Torcaso, present
City Manager Richard Rozansky, present
Commissioner Leanne Grove, present
Trustee Troy Piland, present
Also present:
Director of Administration Jacqueline Koch
The Trustees Meeting was called to set policy for the distribution of benefits
upon termination of employees. There was discussion of distributing benefits
immediately upon termination, at the end of the plan year after the interest is
added, or after five years.
Motion was made by Mr. Piland, seconded by Mayor Torcaso, to set the policy that
employees receive their benefits upon termination, with an option to take whatever
they have in the fund, signing a waiver giving up the interest for that time from
their termination to the end of the fund year, or receiving whatever they have
accumulated in the account plus their interest at the end of the fund year.
Meeting was adjourned.
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Respectfully submitted,
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Mary T. Norton,
City Clerk
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