HomeMy WebLinkAboutOctober 26, 1987 (2)OFFICIAL PROCEEDINGS
COLUMBIA HEIGHTS BOARD OF TRUSTEES
VOLUNTEER RELIEF ASSOCIATION
OCTOBER 26, 1987
The meeting was called to order by Mayor Nawrocki at 9:40 p.m..
1. Roll Call
Paulson, Petkoff, Carlson, Peterson, Nawrocki - present
2. Appropriation of Funds for Benefit Study
The Council received a letter from the Board of Examiners of the Volunteer
Relief Association requesting the Board of Trustees to authorize the transfer
of funds from the pension plan for the Association to hire the services of
an actuarial. The actuarial would perform an analysis re§arding a defined
contribution retirement plan and a defined benefits retirement plan. The
Board of Examiners contacted an actuarial and received an informal quote
to prepare the benefit study between the two plans.
Motion by Carlson, second by Peterson to authorize an amount not to exceed
$5,000 to engage the actuarial services of Ms. Vicky Suchlund of Wyatt
Company of Bloomington, for the Volunteer Fire Fighters Relief Association
to do an analysis of the two pension plans. Roll call: All ayes
Councilmember Paulson requested the City Manager to keep the City Council
apprised of the expenditures regarding this particular pension fund study.
3. Adjournment
Motion by Peterson, second by Carlson to adjourn the meeting at 9:50 p.m.. Roll
call: All ayes
M~yo~f~Bruce G. Nawrocki
-Anne Student, Counc-'~-i-1 Secretary