At the regularly scheduled meeting of the Fire and Police Pension Fund Board of Directors held on the 15th day of October 2015, President Craig Joel presided. The meeting was held at the Pension Office, 6009 John Douglass Drive, Chattanooga, TN 37421.
The meeting convened at 0928 hours with board members Craig Joel, Mark Coffman, Kelly Simmons, Tommy Meeks, and Less Lee. Vickie Haley attended the meeting as the Mayor’s representative. Attorney Cameron Hill was also present.
Motion by Mark Coffman and seconded by Less Lee to approve the minutes of October 1, 2015 meeting. Motion carried unanimously.
Attorney Cameron Hill updated the Board on the status of the Frazier and Dodd lawsuits in a legal executive session.
Motion by Tommy Meeks and seconded by Kelly Simmons to approve the following membership items:
REMOVE FROM THE ROLLS:
Retired Fire Lieutenant James Clyde Weather, effective 10/31/2015, died 10/02/2015 (2-411and 2-412)
Retired Fire Captain Worth LeBron Kendrick, effective 10/31/2015, died 10//03/2015 (2-411)
REFUND CONTRIBUTIONS:
Terminated Vested Police Officer Charles L. Martin, Jr., terminated 12/01/2011, participation date of 3/12/1999, effective 10/1/2015 (2-415)
PAY DEATH BENEFITS:
Lisa Culpepper, Samuel Kendrick, Roger Kendrick, Deborah Jenkins, and Donna Ramsey, designated co-beneficiaries of Worth Lebron Kendrick (2-411)
Weathers Supplemental Needs Trust, designated beneficiary of James C. Weathers (2-411)
Motion carried unanimously.
Fire Captain Joyce Bridges was scheduled to appear before the Board to present application for Job Related Disability benefits, but was not in attendance. Mark Coffman reported that the Fire Department has established a Committee on National Fire Protection Agency guideline 1582 related to Firefighter fitness for duty. Mr. Coffman stated that Chris Willmore and he were appointed to the committee to provide input from a Pension perspective.
Frank Hamilton updated the progress of the reallocation of assets approved by the Board on October 1, 2015.
The Board discussed the fiduciary insurance policy proposal from Ullico. Motion by Less Lee and seconded by Kelly Simmons to approve the new policy to go into effect on November 1, 2015. Motion carried unanimously.
Motion by Tommy Meeks and seconded by Mark Coffman to adjourn at 1037 hours. Motion carried unanimously.
Notes:
Received August 2015 City Court Fees
Received August 2015 CARTA Parking Fees
Conversion of Benefit Payments to the 15th of each month is on schedule for November 2015 payment.
