FMTF12-17-02BOARD OF TRUSTEES
Floritla Municipal Trust Funtl Retirement Plan and Trust
For the Firefighters antl Police Officers, City of Longwootl
Commission Chambers, l]5 W. Warren Avenue, Longwood, Floritla
REGULAR MEETING
December i], 2002 Minutes 8:15 p.m.
Present: James Bishop
Jack Smy[hers, Vice Chair
Robert Retlditt
James Siebert
Paul Shamoun, Florida League of Cities
John Drago. City Administrator
Debby Reimers, ftecording Secretary
Absent: Clint Gioielli (ex used)
1. Call to Order.
The Vice Chair SmNhers calletl the meeting to order at azo p m_
The board excused Chair Gioielli from the meeting.
2. Approve Minutes of the September i), 2002
MSC (ReditUSiebert] to accept Ue September i), 2002 minutes, approved 4-0-t wiN
Chair Gioielli absent
3. Guest speaker Paul Shamoun tram Florida League of Ci[ies addressing the duties of
Mr. Shamoun tliscussed with the boartl what the Floritla League's role ie wiN respeotto the
Pension Trust FUntl. He explained in depth, using apower point presentation, how they
w the (antl and how muoh it woultl cast the boartl to hire outside administretora of the
funtlsa
Vice Chair Smythe as happy lhatMr. Shamoun was at the meeting to discuss the
responslbl011es of Me board. He was concerned lhatthere wasa possibility that the boartl could
be held liable for decisions matle by the boartl. He wanted to find out if the board was insuretl
against being suetl.
The Board secretary will find out If the board Is Insuretl against being auetl by the next meeting.
The league provltles 90% of the annual report that Is necessary in oMer for the city to receive its
excse check fmm the state.
Mr. Shamoun explainetl Nat the boards main pumose is to decide eligibility if a disability hearing
is brought before the boartl. The League would provide all the necessary procedures the boartl
would neetl to follow to hold a hearing.
There was tliscuaslon between the boartl, the city adminlstrator antl the guestspeaker
concerning Ne fund.
4. Review of HyeO~= M: .31~s ~.
3tetemer.: eor lntllvldunl Members (or iM1e p¢rlod OT10112002
tbrougb 12 nv
b. 000 F~... en~al Com~tensatlon Trust Fund Distribution
Th¢boarc I~M1 Mr. &Oamoon.
5. ~m
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6.
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Vlc¢ r~ ~ for wming to the boaN moat"vig.
to djaum meeting-