General Board Meeting called to order at 3:50 p.m. by Chairman Mr. Bettag. Present were Directors Mr. Bettag and Mr. Schloss, Chief Svetanics and Ms. Vincent. Also present was Jim Ladlie of Retirement Plan Advisers. There was one citizens present, Mr. Stan Morga of C&S Insurance.
Chairman Bettag led the Pledge of Allegiance.
Motion by Mr. Schloss to accept the agenda as presented with one change: Move item 4.10 – Budget Discussion to item 6.15, 2nd by Mr. Bettag, roll call vote Mr. Bettag aye, Mr. Schloss aye.
Mr. Bettag asked Mr. Morga if he was here as a citizen or if he had an agenda to discuss with the Board. Mr. Morga stated that he is a citizen of Lemay, but that he was aware that our insurance covering property and casualty would be coming up for renewal next spring and asked if he could put in a bid for a competitive quote from his company, C&S Insurance. Mr. Bettag stated that the Board would welcome his bid. Mr. Morga left the meeting at 4:02 p.m.
Pvt. Johnny Lewellen, President of Firefighters Local #2677, joined the meeting at 4:03 p.m.
Mr. Jim Ladlie of Retirement Plan Advisers gave a presentation regarding the District’s voluntary 457 Pension Plan with Security Benefit. Mr. Ladlie explained the government required amendments to the 457(b) Plan in which the members are voluntarily participating. The new amendments are: The Pension Protection Act (PPA), the Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART), and the Worker, Retiree and Employer Recovery Act of 2008 (WRERA).
Mr. Meyer joined the meeting at 4:07 p.m. Mr. Ladlie suggested a meeting with the District’s pension board after January 1, 2012 to familiarize everyone with the plan.
Mr. Matt Mutugrosso, Financial Advisor of Principal Financial Group, joined the meeting at 4:15 p.m. Mr. Mutugrosso and Mr. Ladlie explained 457 and IRA plans.
Mr. Joe Schnieders, the District’s accountant, joined the meeting at 4:38 p.m.
Motion by Mr. Schloss to pass the resolution as stated in the 457 Plan Re-statement of the Pension Protection Act of 2008 (PTA), the Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART Act), and the Worker, Retiree and Employer Recovery Act of 2008 (WRERA), 2nd by Mr. Meyer, roll call vote, Mr. Bettag aye, Mr. Schloss aye, Mr. Meyer aye.
Board Meeting
December 13, 2011
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Mr. Ladlie left the meeting at 4:40 p.m.
Mr. Mutugrosso made his presentation on Lemay Fire Protection District of St. Louis County Retirement Plan Amendments. The District’s pension plan also needed the amendment signed which complies with the Worker, Retiree and Employer Recovery Act of 2008 (WRERA). Mr. Mutugrosso also suggested that the Board and Pension Board meet with him after the first of the year.
Mr. Schloss made a motion to accept the Amendment to Comply with the Worker, Retiree and Employer Recovery Act of 2008 (WRERA), and the Small Business Jobs Act of 2010, 2nd by Mr. Meyer, roll call vote, Mr. Bettag aye, Mr. Schloss aye, Mr. Meyer aye.
Mr. Mutugrosso left the meeting at 4:57 p.m.
Mr. Schnieders and the Board discussed the proposed budget and set a meeting for Tuesday, December 20, 2011 at 4:00 p.m. to finalize and sign the 2012 Budget.
Mr. Bettag tabled the Deputy Chief’s Contract to the next meeting.
The Board discussed the request by Project Lemay to hold evening meetings at the firehouse. Motion by Mr. Schloss that the District will only allow meetings after outside groups obtain permission to be held at the firehouse during the business hours of 8:00 a.m. to 5:00 p.m., 2nd by Mr. Meyer, roll call vote, Mr. Bettag aye, Mr. Schloss aye, Mr. Meyer aye.
Mr. Schnieders left the meeting at 6:00 p.m.
Chief Svetanics and Ms. Vincent left the meeting at 6:02 p.m.
Checks were reviewed and signed.
Motion by Mr. Meyer to adjourn general session at 6:14 p.m., 2nd by Mr. Schloss, roll call vote, Mr. Bettag aye, Mr. Schloss aye, Mr. Meyer aye.
Respectfully submitted,
David Meyer, Secretary
DKM/pgv