HomeMy WebLinkAboutCCDATE=OCTOBER 27, 2003 (2) • ELUl\ I,IRE'PE\BION_FU_V_U DIINUTES
October 27, 2003
Mooting n as called m order at 8:372om I"ealdeut V. Beard.
Roll Call by Secretary K. Nelson
Present. V. Peard, J. Novicki. L. \lecnnt, K. Nelson, C'. Krame.[ T. \licbads
Abscnr E Schack, A. Malek
Guests: P. Knduk(Margnette7
Min`dkes
Them rotes of the, Septeubet24, 2008 meeting were reviewed. Motion to
acceptnthe minutes was made by 'J'. AlichuaLq seconded by.T. Novicki. Carried.
Tte9ureiRepurt
'the Board advised the Knox report for September 2003 has not yct been
I tceived.
p. Krolak made a presentation of the Executive Summary from Marquette for
September 30, 2003- Return for the quarter was at 2.8%, and return for the
it t2 month period ie at u.9%.
'I'. Michaels made a motion to accept the Amcore and Marqueuc financial mporte
for September 2003, seconded by C. Kramer. Carried.
becictnry;Report
the hound was advised of the upcoming retirement of DIC Curt Krunter. J.
Nmvicki made a motion to approve the retirement pension for C. Kramer in the
amount of$4920•7� for No.ember and $546741 per month thereafter.
Seconded by T. Michaels. Motion pnssvd ,o with C. Kramer abstaining.
the Pnard was advised that new hire D. Plleggi, who was voted in to the pension
fund last month was terminated for disciplinary reasons on 10-08-nm3. ]dation
madeln r. Michaels to determine eligibility for refund addressed be board
coun.ae[ secundedby.I.Nmvicld. Curried. K. Nelson to follow tip with allot m)'
Cut Collins In confirm no refund is dun under the pension aode5/4-1 a6.
'Me board was advised that disability pensioner, Dmid Olson's pension
computed to $3295 49 per month but that a current workman romp o(Fet of
$2114.69 per month decreases the pansin r obligation to $980.8o per month
corrcntly.
. Hte board ens advised turn billing from Cats Collins off e for the 4'^ quarter of
:oo3intheamountof$300. Motion to approve payment of the bill rade In-T.
Michaels, senonded by L. Me.cmn. Carried.