Board ratifies expenses and distributions after members note mailed-check delays

The Oldsmar Firefighters Pension Board of Trustees ratified routine expenses and benefit distributions at its July 10 meeting and discussed concerns about delays in mailed checks. Trustees reviewed a list of expenses and distributions and moved to ratify them. The motion was seconded and approved by voice vote with no opposition. During the ratification discussion, a trustee noted it took about 20 days for a mailed check from the state to reach their financial advisor and described the wait as “a little stressful,” especially when market conditions change in the interim. Trustees and staff discussed that some vendors and agencies still issue paper checks and that delays in mail can affect timing of distributions. The board did not change its ratification decision based on the mail-delay concern, but members noted the issue as a practical problem affecting respondents who receive mailed payments. Staff did not propose a specific operational change at the meeting; trustees agreed to proceed with ratification and to monitor payment timing going forward.