William Penn Life, 1984 (19. évfolyam, 1-4. szám)
1984-04-01 / 2. szám
I Minutes . . . (Continued from Page 29) comments and questions were answered during this review of operation. 18) Chairman Danko recessed the meeting at 5:00 P.M. until 10:00 A.M. Tuesday, March 27, 1984. 19) Chairman of the Board Stephen G. Danko reconvened the meeting of the Board of Directors at 10:00 A.M. 20) Secretary of the Board called the roll and same are present with the exception of Treasurer John Lovász who was absent. 21) President John Sabo introduced Frances A. Furedy, Administrative Assistant to the National President. Ms. Furedy extended best wishes for a successful board meeting. She thanked the National Officers and Board of Directors for the confidence placed in her and she pledged to continue to serve the Association to the best of her ability. 22) President Sabo introduced Mr. Ernest Bendzsuk, Chief Underwriter. Mr. Bendzsuk stated he was honored to be appointed a staff officer. He stated his department will do the best they can to keep the flow of work moving so policies may be issued promptly. 23) Secretary of the Board Frank J. Radvany read the Minutes of Monday's meeting. It was moved, seconded and the Board accepted the Minutes as read. 24) President Sabo reported that Helen Werling, Home Office employee, was given a ten year retroactive past service credit when she came back to work for the Association on a full time basis. This however did not appear in any of the Board Minutes. It was moved, seconded and the Board approved that the ten year retroactive period of service be ratified. 25) Executive Vice President John Kenawell reported that the former Catholic Knights of St. George sold flexible annuity plans with front loading provisions. He now has received complaints from certain policy holders that they were not aware of a loading provision at the time of purchase. A lengthy discussion ensued on this subject. Motion was made and passed to cease debate on this subject. It was moved, seconded and the Board referred this matter to the Executive Committee. 26) National Sales Director Ron Abels submitted his report to the Board of Directors. The Board acknowledged his report with thanks and appreciation. 27) Mr. Anthony Waskiewicz of Computer Science Corporation appeared before the Board and submitted a proposal for a two year contract and a four year contract for computer services for the William Penn Association. The two year contract has a proposed cost of $528,000.00 and the four year contract a proposed cost of $485,000.00. The four year contract would amount to a proposed cost of 111/2 cents per certificate. The Board acknowledged Mr. Waskiewicz's proposal for further discussion. 28) It was moved, seconded and the Board of Directors authorized the purchase of a basic 10 to 12 passenger van to be used for official use of the William Penn Association. 29) National President John Sabo submitted his report to the Board of Directors. The Board acknowledged his report with sincere thanks and appreciation. The Board accepted the Proposed Budget with appropriate changes. 30) It was moved, seconded and authorized by the Board to destroy the convention ballots. 31) National Treasurer John Lovász submitted his report to the Board of Directors. The Board acknowledged Mr. Lovasz's report with thanks. 32) Vice President Planning and General Counsel Gay B. Banes submitted his report to the Board. The Board acknowledged his report with sincere thanks. 33) Executive Vice President John Kenawell submitted his report to the Board of Directors. The Board also acknowledged Mr. Kenawell's report. 34) It was moved, seconded and authorized by the Board that repairs be made on the swimming pool at Mt. St. George to the extend of $4,800.00 or less with the proviso that a certified life guard be on duty and present whenever the pool is being used. 35) Director Botkin submitted a report of the Field Committee. The Board acknowledged the report of the Field Committee. 36) Director Roger Nagy submitted a report of the Computer Study Committee. The Committee recommended that the Association consider a two (2) year contract with Computer Science Corporation for the computer services. 37) The Board ensued on a discussion of the proposal submitted by Computer Sciences Corporation. Following a discussion of this subject, it was moved, seconded that the Association accept a four (4) year contract from Computer Sciences Corporation for computer services for the Association. Motion adopted. 38) It was moved, seconded and authorized by the Board that the Association purchase one (1) IBM personal computer for use in the Home Office. 39) Chairman Danko recessed the meeting at 5:00 P.M. until 8:30 A.M. Wednesday, March 28, 1984. 40) Chairman of the Board Stephen G. Danko reconvened the meeting at 8:30 A.M. and the same are present. 41) Secretary of the Board Frank J. Radvany read the Minutes of Tuesday's meeting. It was moved, seconded and the Board accepted the Minutes as corrected. 42) Chairman Danko recessed the Board Meeting so that the Pension Committee can meet at this time. Minutes of the Meeting of the Board of Directors and National Officers convened jointly as the Pension Committee of Employees Pension Plan held on Wednesday, March 28, 1984 in the Norway Room of the William Penn Hotel, Pittsburgh, Pennsylvania. 1) Chairman Stephen G. Danko announced that the entire Board of Directors and National Officers constitute the Pension Committee of the Employees Pension Plan of the William Penn Association and called the meeting to order. 2) Roll called. (Mr. Lovász absent) The Chairman declared a quorum was present to conduct business. 3) The Committee elected Mr. Danko as its Chairman by voice vote. 4) Mr. Danko appointed Mr. Radvany as Committee Secretary. He also stated that the purpose of the Committee meeting was to consider a Resolution authorizing the merger of the pension plan of the Knights into the William Penn Employees Pension Plan and requested General Counsel Banes to read the Resolution and form of Merger Agreement 30
