HomeMy WebLinkAbout2008-08-05-R O RESOLUTION NO.
ADOP'T'ING PENSION REVIEW BOARD RULE#lit
WHEREAS, the Local Fire Pension Board has passed a resolution
adopting the Arkansas Fire and Police:Pension Review Board.Rule 44;and
WHEREAS, this allows pension plans with less than 50 participants to
utilize the alternate cash flaw projection valuation method of determining
actuarial soundness;and
WHEREAS, the .City Council of the City, of Batesville along with the
Local Fire Pension Board certifies to the Arkansas Fire and Police Pension
Review Board its understanding of Board Rule 4, and the risks involved with
a small group.
NOW, 'THEREFORE, BE IT RESOLVED BY THE CITY
COUNCIL ;OF THE CITY,OF BATESVILLE, ARKANSAS: that the
council herby approved the utilization of Burd.Rule#4 for the local firemen's
pension fund
PASSED THIS THE a(to � DAY OF 2008.
APPOVED• 1 :
RICK.ELUMBAUGH,:MAYOR
ATTEST: Yin, (Iaklm�
D N1SE JOHNSTON, CIVY CLERK