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HomeMy WebLinkAbout05/19/1986 FFPB Minutes Special MeetingMINUTES OF THE SPECIAL MEETING OF THE MOUNT PROSPECT FIREMENS PENSION FUND BOARD MAY 19, 1986 CALL TO ORDER In the absence of President Pairitz, the Secretary called the meeting to order at 8:17 A.M. Del Ulreich, seconded by Ron Olson, moved to nominate Richard Jesse President Pro Tem. There being no further nominations, it was declared nominations closed. Upon calling the roll for Richard Jesse to act as President Pro Tem, the vote was as follows: Ayes: Unanimous Motion carried. ROLL CALL Present upon roll call: Richard L. Jesse, Treasurer/Comptroller Del Ulreich, Firefighter Ron Olsen, Firefighter Randy Werderitch, Firefighter Carol A. Fields, Village Clerk/Secretary Absent: Chief Lawrence A. Pairitz, President Carolyn H. Krause, Mayor George Cullens, Retired Firefighter Village Attorney REQUEST FOR RETIREMENT BENEFITS A request has been received from Lt. Henry Villie for retirement benefits. Lt. Villie became a sworn member of the Mount Prospect Fire Department on November 1, 1963, is 55 years of age and has requested retirement benefits effective June 7, 1986. Richard Jesse, Treasurer, presented the following calcuations for Firemens Pension Fund Special Meeting May 19, 1986 Page 2 of 2 benefits: Years of Service: Base Salary: Longevity: Total Annual: Monthly: 50% of Monthly: 22 years, 7 months, 7 days Additional amount for months of service over 20 years @ 1/2 of 2% $35,190.00 700.00 $35,890.00 $ 2,990.83 $ 1,495.42 31 months @ .00166667 = .051667 x Monthly Salary of $2,900.83: $ 154.53 Monthly pension: $ 1,649.95 Ron Olsen, seconded by Del Ulreich, moved to accept the application for retirement benefits submitted by Lt. Henry Villie and authorize the payment of benefits effective June 7, 1986 in the amount of $1,649.95 per month. Upon roll call: Ayes: Jesse, Ulreich, Olsen, Fields, Werderitch Nays: None Motion carried. ADJOURNMENT Del Ulreich, seconded by Randy Werderitch, moved to adjourn this special meeting. Upon roll call: Ayes: Unanimous Motion carried. The meeting was adjourned at 8:23 AM.