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2008-08-05-R
CITY-OF-BATESVILLE
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2008-08-05-R
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O RESOLUTION NO. <br /> ADOP'T'ING PENSION REVIEW BOARD RULE#lit <br /> WHEREAS, the Local Fire Pension Board has passed a resolution <br /> adopting the Arkansas Fire and Police:Pension Review Board.Rule 44;and <br /> WHEREAS, this allows pension plans with less than 50 participants to <br /> utilize the alternate cash flaw projection valuation method of determining <br /> actuarial soundness;and <br /> WHEREAS, the .City Council of the City, of Batesville along with the <br /> Local Fire Pension Board certifies to the Arkansas Fire and Police Pension <br /> Review Board its understanding of Board Rule 4, and the risks involved with <br /> a small group. <br /> NOW, 'THEREFORE, BE IT RESOLVED BY THE CITY <br /> COUNCIL ;OF THE CITY,OF BATESVILLE, ARKANSAS: that the <br /> council herby approved the utilization of Burd.Rule#4 for the local firemen's <br /> pension fund <br /> PASSED THIS THE a(to � DAY OF 2008. <br /> APPOVED• 1 : <br /> RICK.ELUMBAUGH,:MAYOR <br /> ATTEST: Yin, (Iaklm� <br /> D N1SE JOHNSTON, CIVY CLERK <br />
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