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The board unanimously approved changing pension payments to a lump sum when both the participant and spouse are deceased, addressing a payment schedule that may outlast the estate. The board also discussed a reserve grant-match cost of a little over $1,800 for equipment.
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The pension change means eligible payments will be made at once rather than over a schedule when both the pension participant and spouse have died. The board plans to review proposed quarterly-report formats at its next meeting and discuss the Battalion-1 study and a 501(c)(3) idea in August. No July meeting is planned unless an urgent issue arises.
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