FEBRUARY 10, 2004

President Nancy Acevedo called the meeting to order at 11:00AM and asked distinguished veteran John Mattis to lead the membership in the Pledge of Allegiance. John was working in a shipyard when he tried to enlist after Pearl Harbor but wasn’t accepted due to his 2-A classification (essential war work)

A year later, after being reclassified to 1-A he got into uniform and served in the Pacific, including a stint on Leyte, in the Philippines after the re-occupation in 1943.

APPROVAL OF MINUTES

The minutes of the General Member’s meeting of January 13, 2004 were approved with one correction re the valuation of the retirement fund.

TREASURER’S REPORT

Sylvia Tatum reported a balance in the Operating Fund on January 1, 2004 of $1,822.76. Income for January was $1,281.19 and expenses were $1,155.95. Operating Fund balance as of January 31, 2004 was $1,948.00. Reserve Fund balance was $10,179.32 for a grand total of $12,127.32

RETIREMENT ISSUES TASK FORCE

Dave Crow reported on the meeting of February 5, 2004. Discussions with Larry Grissom and Mike McGhee (Labor Relations Manager) centered on priorities for 2004. It was agreed that the 13^th check and Corbett Settlement accrued payments were of prime priority with Health Care coverage a close third. Also on the table will be the possibility of monthly Corbett payments in the future. A quick “straw vote” of the membership in attendance showed about 60% in favor of monthly Corbett payments and 40% opting for yearly payouts.

Dave said if the earnings of the retirement fund continue as they have during the present fiscal year there should be enough surplus earnings to pay a 13^th check plus three years of Corbett Settlement payments.

HEALTH ADVISORY COMMITTEE

Nothing new to report. Next meeting in April. Retention of the Care Counsel contract will be discussed at the next meeting. It has gotten limited use but is essential when problems do arise.

SUNSHINE COMMITTEE

Sharon Beach encouraged the membership to let her know of illnesses or deaths of members or spouses so she can send cards.

STATUS OF LAWSUITS

Nancy said that the next scheduled court hearing is February 27 at 1:45PM in Department 67 with trial set for May 21^st. Due to on-going settlement conferences these dates may change.

STATUS OF RETIREMENT FUND

The Retirement Fund balance as of January 12 was $3.211 Billion, up $40 Million from last month.

REMINDER

Nancy reminded the membership that all events next month would be moved forward one half hour to accommodate the Police Chief’s schedule. Board meeting will start at 10:00AM, general meeting at 11:30AM, program at

12:00 noon and lunch at 12:30PM.

The meeting was adjourned at 11:20AM.

Respectfully submitted,

Robert E. Cain

Secretary

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