At the regularly scheduled meeting of the Fire and Police Pension Fund held on the 5th day of September 2013, President Chris Willmore presided. The meeting was held at the Pension Office, 6009 John Douglass Drive, Chattanooga, TN 37421.
The meeting convened at 0903 hours with board members Chris Willmore, Shawn O’Kelley, Brent Goldberg, Ray Ryan, Jerome Halbert, Mark Coffman and Craig Joel. Attorney Bill Robinson was also present. Phillip McClain was an excused absence.
Motion by Shawn O’Kelley and seconded by Brent Goldberg to approve the minutes of the August 15, 2013 meeting. Motion carried unanimously. Motion by Shawn O’Kelley and seconded by Jerome Halbert to approve the minutes of the September 3, 2013 meeting. Motion carried unanimously.
Motion by Shawn O’Kelley and seconded by Brent Goldberg to accept the following membership changes:
REMOVE FROM THE ROLLS:
Retired Fire Private Kenneth M. Brown, effective 08/31/2013, died 08/20/2013 (2-410)
Retired Police Officer Theresa Williams, effective 08/31/2013, died 08/22/2013 (2-412)
ADD TO THE ROLLS:
Assistant Fire Chief James M. Moore, with 25 years of service and a 9-month DROP, effective 08/23/2013, participation date of 11/04/1987 (2-411 & 2-422)
Fire Lieutenant Kenny Lyda, with 28 years of service, reduced to a 25 year pension rate and a 36 month DROP, effective 09/10/2013, participation date of 09/09/1985 (2-411 and 2-422)
Robert Williams, surviving spouse of Theresa Williams, effective 09/01/2013 (2-412)
PAY DEATH BENEFIT:
Mary R. Howard, designated beneficiary of Kenneth M. Brown (2-410)
Robert Williams, designated beneficiary of Theresa Williams (2-412)
Motion carried unanimously.
Motion by Shawn O’Kelley and seconded by Mark Coffman to pay the bills. Motion carried unanimously.
Edward Forester Jr. was scheduled to appear before the Board, but was not present.
Vince Butler of Butler Consulting appeared before the Board regarding the Fund’s presence on social media. The Board discussed proposals for the creation and temporary management/monitoring of a Fund Facebook page. The Board asked Mr. Butler to have persons/companies present their proposals at the next meeting.
Regarding the Board committees, President Willmore put before the Board the following:
Real Estate Holdings Board
Chris Willmore (replacing Terry Knowles)
Shawn O’Kelley
Ray Ryan
Lupina Haney
Personnel Committee
Chris Willmore (replacing Terry Knowles)
Shawn O’Kelley (other highest ranking Firefighter—replacing Chris Willmore)
Board voted unanimously to accept President Willmore’s recommendations.
Attending Board members reviewed and signed for existing Fund Policies. The Board will discuss and review the Investment Policy Statement at the Annual Directors Meeting.
Motion by Craig Joel and seconded by Brent Goldberg to adjourn at 1019 hours. Motion carried unanimously.
Chris Willmore, President
Phillip McClain, Secretary
Note: Staff reviewed and verified the 09/03/2013 Pension election results.
Note: Mayor’s Pension Task Force meeting scheduled for 5 PM on 09/09/2013.
Note: New Member Orientation will immediately follow the September 19, 2013 meeting.
Note: Annual Directors’ Meeting scheduled for September 23-25, 2013
