Pension Board Meeting IP: 126.96.36.199 Posted on April 24, 2015 at 09:44:57 PM by Fred Urbuteit
The Pension Board meeting on April 22 nd went very smoothly and would have been short , except the Plan Attorney called for three ( 3 ) executive sessions. These were closed meetings for only the Trustees, the Attorney, the Plan Administrator and the Court Reporter, to discuss ONLY Settlement, or Strategy (this is mandated by law )
The cases to be discussed were the Ribaya Case, the Parker Case, and the Pena Case.
The Plan Investment Manager, Jay Bowen was present and gave his report , but prior to this he explained his contemplating filing a Law Suit against the magazine " Chief Investment Officer " and its Editor and Reporter of the negative article about him and his firm. If he decides to sue he expects to sue for $ 50 million Compensatory Damages and $50 million Punitive Damages for a total of $ 100 million.His Attorney is L.Lin Wood, the Attorney who successfully Defended the Accused Atlanta Olympic Bomber Mr. Jules.
He reported that the Stock Market has been very volatile and our funds as of 4/21 are at 5.6% and the fund is at $1,954,957,096.
It will have quite a bit to go to make over 10% by September 30, 2015 but we can keep our fingers crossed.
Tampa Fire Rescue ( Ret. ) District Chief Fred Urbuteit Replies: There have been no replies.
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