At the regularly scheduled meeting of the Fire and Police Pension Fund Board of Directors held on the 20^th day of October 2016, President Craig Joel presided.  The meeting was held at the Pension Office, 6009 John Douglass Drive, Chattanooga, TN 37421.

The meeting convened at 0904 hours with board members Craig Joel, Kelly Simmons, Mark Coffman, Charlie Thomason, and Vickie Haley. Attorney Bill Robinson was also present.

Motion by Charlie Thomason and seconded by Kelly Simmons to approve the minutes of the September 15, 2016 meeting. Motion carried unanimously. Motion by Kelly Simmons and seconded by Vickie Haley to approve the minutes of the September 21, 2016 annual meeting. Motion carried unanimously.

Attorney Bill Robinson reported that he attended the Frazier hearing in the 6^th Circuit Court of Appeals on September 27, 2016.  The court has not made a ruling at this time.  The oral argument for the Dodd case is scheduled for November 30, 2016 in the 6^th Circuit Court of Appeals.

Motion by Kelly Simmons and seconded by Charlie Thomason to approve the following membership items:

REMOVE FROM THE ROLLS:

Dorothy Jane Murphy, surviving spouse of Retired Fire Lieutenant Dester Gene Murphy, effective 09/30/2016, died 09/15/2016 (2-411)

Emma Jo Simmons, surviving spouse of Retired Fire Captain Arles C. Simmons, effective 09/30/2016, died 09/19/2016 (2-411)

Retired Fire Commander William T. Pippin, effective 09/30/2016, died 09/27/2016 (2-411)

Retired Police Sergeant Anderson Gene Hass, effective 09/30/2016, died 09/29/2016 (2-411)

Terminated Vested Police Lieutenant Todd Royval, effective October 3, 2016, died October 3, 2016 (2-415)

 

ADD TO THE ROLLS:

Shirley Pippin, surviving spouse of William Pippin, effective 10/01/2016 (2-411)

REFUND CONTRIBUTIONS:

Estate of Todd Royval (2-415)

PAY DEATH BENEFITS:

Shirley Pippin, designated beneficiary of William Pippin (2-411)

Anderson Gene Hass Jr., designated beneficiary of Anderson Gene Hass (2-411)

Rebecca Royval, designated beneficiary of Todd Royval (2-415)

Motion carried unanimously.

The Board reviewed the bills paid since the last meeting.

The Board discussed the fiduciary insurance policy proposal from Ullico. Motion by Charlie Thomason and seconded by Kelly Simmons to accept the Fiduciary Insurance Policy Proposal to go into effect November 1, 2016.

 

 Motion by Kelly Simmons and seconded by Mark Coffman to adjourn at 0932 hours. Motion carried unanimously.

Notes:

• LBMC in Fund Office this week performing annual compilation and agreed upon procedures
• Will make report during November 17, 2016 meeting
• Disability hearing for Police Officer Joseph Sabba scheduled for today at 10:00 a.m.
• Disability hearing for Lieutenant Robert Dean Bates scheduled for today at 10:30 a.m.
• Social Security Seminars are scheduled for November 1, 2016 at:

  • 9 am,

  • 11 am,

  • 1:30 pm, and

  • 3:30 pm

• Fund RFP for Investment Consultant went out on 09/28/2016

  • RFP Invitations developed from NCPERS and P&I lists

  • Posted on Fund website

  • Received 8 LOI to respond

  • Currently preparing answers to questions

• Staff reviewing proposed MPO back pay settlement for accurate ER and EE contributions

Craig Joel                            Mark Coffman

President                            Secretary