SUBJECT/RECOMMENDATION:
Title
Reappoint Jeffrey DiVincent to the Board of Trustees Clearwater Police Officers’ Supplementary Pension Trust Fund with a term to expire January 31, 2028. (consent)
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SUMMARY:
The Clearwater Police Officers’ Supplemental 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 must consist of two legal residents of the city appointed by the City Council; two police officers elected by the officers; and a fifth member chosen by a majority of the other four members and submitted to the City Council for appointment. The Board of Trustees is solely responsible for the administration of the trust fund.
A meeting of the Board of Trustees was held December 20, 2023, and Jeffery DiVincent was chosen by a majority vote of the other four members. Mr. DiVincent agreed to serve another four-year term as the fifth Trustee for the term February 1, 2024 through January 31, 2028. The Board of Trustees of the Clearwater Police Officers’ Supplementary Pension Fund recommends that Mr. DiVincent be appointed to the Board of Trustees.
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