October 8, 2009

This material was filed under
[ General Employees Pension Board - Meeting Minutes ]
October 8, 2009

TOWN OF I N D I A L A N T I C
Brevard County, Florida 32903
GENERAL EMPLOYEES PENSION BOARD OF TRUSTEES
MINUTES 10-01
October 8, 2009 8:00 a.m.

MEETING OF A PENSION BOARD OF TRUSTEES – GENERAL EMPLOYEES MEETING HELD IN THE INDIALANTIC TOWN HALL ON October 8, 2009.

PRESENT
Ron Cassedy, Chairman Jim Perrin, Member
Loredana Kalaghchy, Member Jennifer Fortin, Recording Secretary
Chris Campbell, Member

I. CALL TO ORDER AT 8:00 a.m.

Chairman Ron Cassedy called the meeting to order at 8:00 a.m.

II. APPROVALS AND REQUESTS

A. Julie A. Holmgren – Refund of contributions

Mr. Perrin moved to approve refund of contributions to Ms. Holmgren. Mr. Campbell seconded. Motion carried unanimously.

B. Anthony Yacovino – Approval of benefits

1. Determination of benefits – The Board is being requested to determine if time on Workers’ Compensation should be applied as credited service if no employee contributions into the plan were received.

The Board agreed that the time would apply if the required contributions are paid into the plan or the employee could opt to have the benefits withheld until the contribution is made up.

Mr. Yacovino agreed to make the required contribution into the plan.

Mr. Campbell moved to allow the time spent on Workers’ Compensation to be applied as credited service upon repayment of the required contribution into the plan. Mr. Cassedy seconded. Motion carried unanimously.

2. Recommendation re: Sec. 2-254.1

Attorney Gougelman presented a proposed revision to the plan adding a new section to address this issue.

Mr. Cassedy moved to change the wording in Sec 2-254.1. Ms. Kalachghy seconded. Motion carried unanimously.

C. Danette Piccollela – Pension acceptance

Ms. Kalachghy moved to accept Ms. Piccollela into the Pension Fund. Mr. Perrin seconded. Motion carried unanimously.

D. Kayli Shear – Pension acceptance

Ms. Kalachghy moved to accept Ms. Shear into the Pension Fund. Mr. Campbell seconded. Motion carried unanimously.

VI. ADJOURMENT
The meeting was adjourned at 8:30 A.M.

_______________________________________
Ronald Cassedy, Chairman

_______________________________________
Jennifer Fortin, Recording Secretary

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