Police and Fire Pension Fund Board Meeting

Summary

Meeting Overview

The Lexington Fayette Police and Firefighters Retirement Pension Board held a meeting to address various pension and benefit matters for current and former public safety personnel. The board conducted business on seven agenda items, taking seven votes during the session. No public comments were heard during the meeting.

The board primarily focused on approving various retirement benefits and disability claims for police and fire department personnel. Key actions included approving a ghost town purchase for Kevin Clemons, granting widower's benefits for Stanley Hitchner, and approving service retirement for Jason Shoemate. The board also approved disability benefits for two individuals: Eric Campbell and Jeffrey Blanton. Additionally, the board approved December disbursements and received an informational class action report.

All actionable items brought before the board were approved, demonstrating unanimous support for the pension and benefit requests presented. The meeting appears to have been routine in nature, focusing on the board's core responsibilities of administering retirement benefits and disability claims for Lexington's police officers and firefighters.

Attendance

Present: - Chad - Susan - Commissioner Armstrong - Lieutenant Connolly - Firefighter Abel - Trey - Tommy - Mayor

Absent: - Larry

Late: - None

Eight members were present for the Board meeting, with one absence recorded. No members arrived late to the proceedings.

Votes and Decisions

The Board conducted seven votes during the meeting, all of which passed by voice vote.

Treasurer's Report Commissioner Armstrong motioned for approval of the treasurer's report. The motion passed by voice vote.

Ghost Town Purchase The Board approved a ghost town purchase for Kevin Clemons. The motion passed by voice vote.

Widower's Benefit The Board approved a widower's benefit for Stanley Hitchner. The motion passed by voice vote.

December Disbursements The Board approved disbursements for December. The motion passed by voice vote.

Service Retirement The Board approved a service retirement for Jason Shoemate. The motion passed by voice vote.

Disability Case Review The Board approved sending Eric Campbell's disability case to a third physician for additional review. The motion passed by voice vote.

Disability Approval The Board approved disability benefits for Jeffrey Blanton at the appropriate percentage. The motion was seconded by Trey and passed by voice vote.

All motions were conducted as voice votes with no recorded individual vote counts or roll call votes. No transcript timestamps were available for the voting portions of the meeting.

Budget and Financial Actions

The Board received one financial report during this meeting regarding the district's retirement plan assets.

• Retirement Plan Valuation: The Board was informed that the current value of the retirement plan stands at $785,890,885.99. This informational item provided Board members with an update on the total assets held within the district's retirement system.

No specific action items, vendor payments, or budget resolutions were presented for Board approval during this portion of the meeting. The retirement plan valuation appears to have been shared as part of routine financial reporting to keep Board members informed of the district's pension fund status.

*Note: Specific transcript timestamps were not available for this financial discussion.*

Ghost town purchase for Kevin Clemons

The board considered and approved a resolution regarding a ghost town purchase related to Kevin Clemons during this meeting. This item was listed as agenda item 1 and was presented as a resolution requiring board action.

Limited details were provided in the meeting materials about the specific nature of this ghost town purchase or Kevin Clemons' role in the transaction. The board discussion and any presentations made regarding this item were not captured in the available transcript excerpts.

The board ultimately approved the resolution related to the ghost town purchase for Kevin Clemons. No specific concerns or opposition were documented in the available meeting materials.

Outcome: Approved

*Note: Specific transcript timestamps and detailed discussion points were not available in the provided meeting materials for this agenda item.*

Widower's benefit for Stanley Hitchner

The board considered agenda item 2, a resolution regarding the widower's benefit for Stanley Hitchner.

The board discussed the matter and voted to approve the widower's benefit for Stanley Hitchner. No specific details about the discussion, concerns raised, or the nature of the benefit were provided in the available meeting materials.

The resolution was approved by the board.

*Note: Transcript timestamps are not available for this agenda item, and detailed discussion points were not captured in the provided meeting materials.*

Class action report

Chad Hancock presented a report on class action lawsuits involving the plan during this agenda item. The presentation was informational in nature, providing the Board with updates on ongoing legal matters affecting the organization.

Hancock indicated that these class action reports would be provided to the Board on a monthly basis going forward, establishing a regular reporting schedule to keep Board members informed of any developments in litigation matters.

The agenda item was structured as a presentation rather than a discussion item requiring Board action. No specific details about individual lawsuits, settlement amounts, or legal strategies were included in the available meeting materials.

This represents part of the Board's ongoing oversight responsibilities regarding legal and financial risks facing the organization. Regular reporting on class action matters allows Board members to stay informed about potential liabilities and legal developments that could impact plan operations or finances.

The outcome was informational only, with no votes or formal actions taken by the Board on this item.

Disbursements for December

The Board approved the disbursements for December as listed on the meeting agenda. This resolution passed without recorded discussion or debate from Board members.

Outcome: Approved

*Note: No transcript timestamps are available for this agenda item, and no specific speakers or discussion details were recorded in the meeting materials.*

Service retirement for Jason Shoemate

The board approved the service retirement for Jason Shoemate, with an effective date of December 8th, 2019.

No additional details about the discussion, speakers, or deliberation process were available in the meeting materials for this agenda item. The resolution was approved as presented.

Disability for Eric Campbell

The Board considered a resolution regarding Eric Campbell's disability case during the meeting. The agenda item involved a decision to seek additional medical evaluation for Campbell's disability claim.

After deliberation, the Board approved sending Eric Campbell's disability case to a third physician for further evaluation. This decision suggests that previous medical assessments may have been inconclusive or that additional expert opinion was needed to properly evaluate the disability claim.

The resolution was approved by the Board, indicating unanimous or majority support for obtaining the additional medical review before making a final determination on Campbell's disability status.

*Note: Specific transcript timestamps, detailed discussion points, and speaker identifications were not available in the provided meeting materials for this agenda item.*

Disability for Jeffrey Blanton

The board considered and approved a disability determination for Jeffrey Blanton during this meeting. The resolution addressed establishing Blanton's disability status at an appropriate percentage level.

Outcome: • The board approved the disability for Jeffrey Blanton at the designated percentage

No additional details were provided in the meeting materials regarding the specific percentage determined, the nature of the disability, or any discussion that may have taken place during consideration of this item. The resolution passed without recorded opposition.

*Note: Specific transcript timestamps are not available for this agenda item.*