At the regularly scheduled meeting of the Fire and Police Pension Fund Board of Directors held on the 21st day of April 2016, President Craig Joel presided. The meeting was held at the Pension Office, 6009 John Douglass Drive, Chattanooga, TN 37421.
The meeting convened at 0915 hours with board members Craig Joel, Mark Coffman, Phillip McClain, Charlie Thomason, Tommy Meeks, Less Lee, and Vickie Haley. Attorney Bill Robinson was also present. Kelly Simmons joined the meeting at 0944 hours.
Motion by Tommy Meeks and seconded by Charlie Thomason to approve the minutes of April 7, 2016 meeting. Motion carried unanimously.
Bill Robinson reported that the plaintiffs in the Frazier have filed an appeal with the 6th Circuit; and that Dodd has filed his intent to appeal with the 6th Circuit Court.
Motion by Tommy Meeks and seconded by Phillip McClain to approve the following membership items:
ADD TO THE ROLLS:
Master Police Officer Iran Meadows, retiring with 25 years of service, adjusted for 50% J&S Option (Johnnetria Meadows) effective 05/01/2016; participation date of 04/11/1991 and terminated 04/12/2016 (2-411)
REFUND CONTRIBUTIONS:
Former Police Officer Alexander R. Ego, terminated with less than 10 years of service, effective 04/05/2016, participation date of 09/18/2015 (2-415)
Motion carried unanimously.
The Board reviewed the bills paid since the last meeting.
Motion by Mark Coffman and seconded by Phillip McClain to open discussion on the Retiree Advisory Recommendation. Motion carried unanimously. The Board, staff, committee members, and attendees discussed the recommendation and other options for placing retiree(s) on the Board of Directors. President Joel stated that he had received no supportive comments from any retiree on the recommendation to establish retiree seats and limits retirees voting for retirees only. He stated that those retirees that he spoke with either support retirees voting for all candidates; or no support for retirees on the Board at all. After lengthy discussion, motion by Kelly Simmons and seconded by Charlie Thomason to put the matter up for a vote with a “aye” vote being to approve the Committee Recommendation and submit it to the Mayor and City Council for approval; and a “nay” vote being to reject the Committee Recommendation at this time with the possibility of revisiting the issue at a later date. Directors voted “nay” unanimously.
Motion by Phillip McClain and seconded by Less Lee to adjourn at 1027 hours. Motion carried unanimously.
Notes:
May 5, 2016 meeting will be at 2pm
Annual Retirement class will be held on May 5, 2016 at 6 pm
