Agenda_Pension Public Safety_02/06/2017 AGENDA
BOARD OF TRUSTEES
TEQLTESTA PUBLIC SAFETY OFFICERS'
PENSION TRUST FUND
REGULAR QUARTERLY BOARD MEETING
TO BE HELD IN THE
VILLAGE HALL COUNCIL CHAMBER5
345 TEQUESTA DRIVE, TEQUESTA, FLORIDA
MONDAY, FEBRUARY 6, 2017
8:30 A.M.
I. CALL TO ORDER AND ROLL CALL
Chairman Ed Sabin
Secretary John Terzakis
Board Member Kyle Stone
Board Member Ray Korkowski
Board Member Ray Giblin
Attorney: Bonni Jensen, The Law Office of Klausner, Jensen & Levinson
Pension Administrator: Kerry Dutton, The Resource Centers
Investment Consultant: Tyler Grumbles, &Co Consulting
II. ADMINSTRATION OF OATH
III. PUBLIC COMMENT
IV. APPROVAL OF AGENDA
V. APPROVAL OF MINUTES
1. Tequesta Public Safety Officers' Pension Trust Fund Board of Trustees Regular Meeting
Minutes — November 7, 2016
VI. PRESENTATIONS
2. Jeffery Amrose, GRS.
a. Actuarial Valuation Report October 1, 2016
b. Expectant Rate of Return
3. Tyler Grumbles, Bogdahn & Co Consulting
a. &Co Consulting Announcement
b. Quarterly Performance Report as of December 31, 2016
VII. UNFINISHED BUSINESS
VIII. STANDING REPORTS (INFORMATION ITEMS)
4. New applicants for participation in Pension Plan:
None
5. Request for withdrawal of contributions (employees terminating employment with the
Village of Tequesta) — Ratification of withdrawals made since the last meeting.
None
6. Terminated employees who have not taken their contributions:
None
VIII. PAYMENTS TO BE RATIFIED (PAYMENTS MADE SINCE LAST MEETING)
7. Ratification of invoices paid since last quarterly meeting:
Check# Paid Date Vendor/Description Amount
1258 11/21/2016 Pension Resource Center $950.00
Administrative Fee- November 2016
Invoice# 15091 Date 10/31/16
1259 11/21/2016 GAMCO $5,779.00
Management Fee- 3rd Quarter 2016
1260 11/21/2016 FPPTA $600.00
2017 Membership Renewal
1261 11/21/2016 Gabriel Roeder Smith & Company $6,889.00
Consultants &Actuaries Svs through 9/30/16
1262 12/12/2016 Pension Resource Center $950.00
Administrative Fee- December 2016
Invoice# 15154 Date 11-30-16
1263 12/12/2016 Klausner, Kaufman, Jensen & Levinson $374.25
Legal Services Rendered through 9-30-16
Bill# 18844
1264 12/12/2016 Klausner, Kaufman, Jensen & Levinson $877.50
Legal Services Rendered through 11-30-16
Bill# 19131
1265 12/12/2016 Klausner, Kaufman, Jensen & Levinson $273.25
Legal Services Rendered through 10-31-16
Bill# 18995
1266 12/12/2016 Garcia Hamilton &Associates L.P. $1,593.27
Management Fee-3rf Quarter 2016
Invoice#27365 Date 10-11-16
1267 1/25/2017 And CO $4,500.00
Consulting Fee-4th Qtr 2016
Invoice#20251
1268 1/25/2017 Klausner, Kaufman, Jensen & Levinson $45.00
Legal Services Rendered through 12-31-16
Invoice#19279
1269 1/25/2017 Pension Resource Center $950.00
Administrative Fee-January 2017
Invoice# 15219 Date 1-3-17
Paid by Custodian
10/25/2016 Fiduciary Trust International- GHA $372.98
3rd Quarter Custoday Fee 9/30/16
Cust#XXXX710 Invoice#S14800484642
10/25/2016 Fiduciary Trust International-GAMCO $451.18
3rd Quarter Custody Fee 9/30/16
Cust#X�CX720 Invoice#S14800484643
10/25/2016 Fiduciary Trust International- MTL FND $792.05
3rd Quarter Custoday Fee 9/30/16
Cust#XXXX730 Invoice#S14800484644
10/25/2016 Fiduciary Trust International- Public Safety Office $19.99
3rd Quarter Custoday Fee 9/30/16
Cust#X�CX700 Invoice#S14800484641
10/25/2016 Fiduciary Trust International- GHA $170.00
3rd Quarter Admin Fee 9/30/16
Cust#XXXX700 Invoice#S14800486001
IX. PAYMENT TO BE REVIEWED AND APPROVED
8. Payments to be reviewed and approved:
October 31, 2016 Pension Resource Center
Administrative Fee- November 2016 $950.00
October 12,2016 Gamco Asset Management $5,779.00
3rd Quarter Management Fees
October 25, 2016 FPPTA $600.00
2017 Membership Renewal
October 4, 2016 Gabriel, Roeder, Smith & Company $6,889.00
Consultants &Actuaries for Services Rendered through 9/30/2016
X. NEW BUSINESS
9. Bonni Jensen, Klausner, Jensen & Levinson
a. 2017 IRS Mileage Rate Memorandum
b. Pending FRS Mortality Table Memorandum
c. Online Annual Report Memorandum
d. Request for Online Access to Fiduciary Trust
e. Attorney Fee Increase
XI. BUDGET REPORT
XII. ADMINISTRATIVE REPORT
10. 2017 Conference Lists
11. Update Signature Cards for Fiduciary Trust
XIII. ANY OTHER MATTER
XIV. COMMUNICATIONS FROM CITIZENS
XV. ADJOURNMENT
NEXT QUARTERLY MEETING DATE: May 1, 2017 at 1:00 p.m.
PLEASE TAKE NOTICE AND BE ADVISED: If a person decides to appeal any decision made by this Board
with respect to any matter considered at this meeting or hearing he/she will need a record of the proceedings, and that, for
such purpose, he/she may need to ensure that a verbatim record of the proceedings is made, which record includes the
testimony and evidence upon which the appeal is to be based.
DISABILITY INFORMATION: In accordance with the Americans with Disabilities Act and F.F.S 286.26, persons with
disabilities needing special accommodation to participate in this meeting should contact Lori McWilliams, Village Clerk,no
later than seven days subsequent to the proceeding at 561.768.0700 for assistance. If hearing impaired, please call the
Flarida Relay Service Numbers at 800-955-8771 (TDD)or 800-955-8770(VOICE)for assistance.
REMINDER: SALEM TRUST FINANCIAL STATEMENTS ARE AVAILABLE ON THE VILLAGE'S IMAGING
SYSTEM.