SUBJECT/RECOMMENDATION:
Title
Reappoint Patrick E. Adamson to the Board of Trustees, Clearwater Police Supplementary Pension Plan with a term to expire October 31, 2028. (consent)
Body
SUMMARY:
The Clearwater Police Officers’ Supplementary Trust Fund is the recipient of monies obtained by the state of Florida from insurance companies doing business in the community. These monies are required to be administered by a Board of Trustees whose composition, in keeping with the provision of Florida Statute 185.05, must consist of two legal residents of the city appointed by the City Council. The Board of Trustees is solely responsible for the administration of the trust fund.
At a meeting of the Board of Trustees held on August 21, 2024, Patrick Adamson agreed to serve another four-year term as a trustee. Mr. Adamson is a legal resident of Clearwater, Florida. The Board of Trustees of the Clearwater Police Supplementary Pension Fund recommends that Mr. Adamson be appointed as Trustee.