Pension Board & System_September to November 1977PENSION BOARD & SYSTEM
Memo #6491, Res. #77-15428 adopted, amending
Res. #9148, to provide for increase in custodi-
al fees charged to City Retirement Systems by
Flagship Bank.
119
Date
9/7/77
Memo #6471, audit contract for Retirement System 9/7/77
for General Employees and Elected Officials, (de-
ferred from 8/17/77). Res. #77-15432 adopted,
authorizing execution of agreement with Rachlin
& Cohen to perform audit of the System, for 1 yr.
ended 12/31/77, at a fee of $6,000.
Memo #6496, alteration to agreement with Boston
Co. of the Southeast. Res. #77-15433 adopted,
authorizing assignment of agreement with
9/7/77
PENSION BOARD & SYSTEM
(continued)
Boston Co. of the Southeast for investment
counseling services, to Investment Counsel Co.
of the Southeast, with same terms and conditions
to prevail.
120
Date
9/7/77
Ord. passed on 1streadincl. Hearing and 2nd 10/19/77
reading scheduled for Nov. 16, 1977 at 2:00 p.m.
amending Pension Ord. #1901, to eliminate the
requirement for mandatory retirement at age 65.
Memo #6557.
Memo #6558, ordinance passed on 1st reading. 10/19/77
Hearing and 2nd reading scheduled for Nov. 16,
1977 at 2:00 p.m. amending Sec. 2-58 of City
PENSION BOARD & SYSTEM 121
(continued) Date
Code (Life Insurance Ord.) to eliminate pro-
vision that persons 65 yrs. of age or older at
time of employment are not eligible for life
insurance benefits.(See Hospitalization Plan) 10/19/77
Hearing held and concluded to amend Pension 11/16/77
Ord. No. 1901 to eliminate the requirement for
mandatory retirement at age 65, Memo #6557,
(1st reading 10/19/77). Ord. No. 77-2107
adopted. (See Hospitalization Plan)
Hearing held and concluded to amend Sec. 2-58
of City Code (Life Insurance Ord.) to eliminate
provision that persons 65 yrs. of age or older
at time of employment are not eligible for life
11/16/77