HomeMy WebLinkAboutAgenda_Pension Public Safety_05/04/2009AGENDA
BOARD OF TRUSTEES
TEQUESTA PUBLIC SAFETY OFFICERS'
PENSION TRUST FUND
REGULAR QUARTERLY BOARD MEETING
TO BE HELD IN THE VILLAGE COUNCIL CHAMBERS
VILLAGE HALL
345 TEQUESTA DRIVE, TEQUESTA, FLORIDA
MONDAY, MAY 4, 2009
8:00 A.M.
* Asterisk indicates no backup provided prior to agenda deadline
I. CALL TO ORDER AND ROLL CALL
Chair Ed Sabin
Secretary David Cooper
Board Member Ken Nielson
Board Member Ray Giblin
Board Member Robert Young
Attorney Bonni Jensen
Pension Coordinator Lori McWilliams
Finance Director Joann Forsythe — representing Management
Senior Accountant Monica Rahim
Dave West, Bogdahn Consulting LLC — Monitor
Tony Brown, Rockwood Capital Advisors — Investment Manager
Betty Laur, Recording Secretary
II. APPROVAL OF AGENDA
III. APPROVAL OF MINUTES
1. Tequesta Public Safety Officers' Pension Trust Fund Board of
Trustees Emergency Meeting Minutes — January 28, 2009
2. Tequesta Public Safety Officers' Pension Trust Fund Board of
Trustees Quarterly Meeting Minutes — February 2, 2009
3. Tequesta Public Safety Officers' Pension Trust Fund Board of
Trustees and General Employees' Pension Trust Fund Board of
Trustees Joint Meeting Minutes — February 24, 2009
Agenda —Public Safety Officers' Pension Trust Fund Board Meeting
May 4, 2009 2
IV. PRESENTATIONS*
*[PRESENTATIONIREPORT BOOKLET LOCATED INSIDE BACK
COVER OFAGENDA BOOK]
4. Presentation By Monitor— Dave West, Bogdahn Consulting, LLC
5. Presentation by Investment Manager — Tony Brown, Rockwood Capital
Advisors
6. *Presentation by Steve Palmquist to review Gabriel, Roeder, Smith
and Company's Actuarial Study — Steve Palmquist, Gabriel, Roeder,
Smith and Company
V. UNFINISHED BUSINESS
7. Consideration of future budgeting for 2 -year renewals for Travelers
Fiduciary Liability Policy — Lori McWilliams, Pension Coordinator
8. Total Cash Remuneration Determination — tabled from 02/24/09 Joint
Meeting) - Lori McWilliams, Pension Coordinator
9. Re -Address mortality rate tables (from 05/05/08 meeting) - Steve
Palmquist, Gabriel, Roeder, Smith and Company
VI. STANDING REPORTS (INFORMATION ITEMS)
10. New applicants for participation in Pension Plan
Police Officer — Ariel I. Ramirez, Jr. Date of Hire 12/22/08
11. Change of Beneficiary
None
12. Request for withdrawal of contributions (employees terminating
employment with Village of Tequesta) - Ratification of withdrawals
made since the last meeting on 2 signature basis:
None
13. Terminated Employees who have not taken their contributions
Officer Charles Malley — Resigned 8/25/08 - Vested
14. Revenue and Expenditure Report
Agenda —Public Safety Officers' Pension Trust Fund Board Meeting
May 4, 2009
VII. PAYMENTS TO BE RATIFIED (PAYMENTS MADE SINCE LAST
MEETING)
15. Hanson, Perry & Jensen, P.A.
Services through 1/15/09 $3,401.97
Business Services Connection, Inc.
Preparation of 1/28/09 emergency meeting minutes 50.97
Business Services Connection, Inc.
Preparation of 2/2/09 joint meeting minutes 101.94
Business Services Connection, Inc.
Preparation of 2/2/09 quarterly meeting minutes 135.92
Business Services Connection, Inc.
Office Work for weeks ended 2/6/09 through
04/10/09 1,284.70
IRS
Additional Fee for IRS Determination Letter 500.00
Lori McWilliams — Trustee School Expenses
Split with General Employees Pension 158.78
VIII. PAYMENTS TO BE REVIEWED AND APPROVED
16. Perry & Jensen, LLC.
Services through 04/15/09 889.52
Bogdahn Consulting, LLC
Fee for Quarter ending 3/31/09 2,000.00
Rockwood Capital Advisors, LLC
Fee for Quarter ending 3/31/09 5,051.83
Gabriel Roeder Smith & Company 2,344.00
Services through 2/28/09
IX. BUDGET REPORT
17. Quarterly Budget Report Expenditures— Senior Accountant Monica
Rahim
3
Agenda —Public Safety Officers' Pension Trust Fund Board Meeting
May 4, 2009 4
X. NEW BUSINESS
18. *Discussion and consideration of procedure on how to handle items
that might have a time deadline when there is the possibility of not
being able to get a quorum — Lori McWilliams, Pension Coordinator
19. Worker, Retiree, and Employer Recovery Act of 2008 (H.R. 7327) —
Attorney Bonni Jensen
XI. ANY OTHER MATTERS
XII. COMMUNICATIONS FROM CITIZENS
XIII. ADJOURNMENT
PLEASE TAKE NOTICE AND BE ADVISED: If any 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.
REMINDER: Salem Trust Financial Statements are available for review in the
Village Clerk's Office