HomeMy WebLinkAboutAgenda_Pension General_3/23/2026TEQUESTA GENERAL EMPLOYEES’ REGULAR QUARTERLY MEETING
PENSION TRUST FUND Monday, March 23, 2026
12:00 PM
Secretary Dennis Rick
Board Member Michelle Gload Board Member Michael Rhodes
Board Member Matthew Mellusi
LOCATION: Tequesta Village Hall, Village Council Chambers
345 Tequesta Drive
Tequesta, FL 33469
Meeting Contact: (561) 624-3277 (Plan Administrator)
TIME: Monday, March 23 2026, at 12:00 PM
INSTRUCTIONS TO JOIN MEETING ELECTRONICALLY
Meeting ID: 868 4567 0343
Passcode: 508838
Resource Centers is inviting you to a scheduled Zoom meeting:
For Video & Audio (Recommended):
If you are using a mobile device (Smart Phone or Tablet) use the “Zoom” App.
Link to Join from Laptop, PC, Mac, Linux, iOS or Android:
https://us06web.zoom.us/j/86845670343?pwd=IdebQoEXjr9ErKZB7O7SKUuahxHbw0.1
For Voice Only:
iPhone one-tap:
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Telephone (for higher quality, dial a number based on your current location:
Dial: +1 301 715 8592 US (Washington DC)
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+1 346 248 7799 US (Houston)
+1 669 900 9128 US (San Jose)
Public Comments:
Public can submit comments by email during the Meeting to Tequesta@ResourceCenters.com. All public comments will
be read into the record in the Public Comment portion of the Meeting.
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 Florida Relay Service Numbers at 800-955-8771 (TDD) or 800-955-8770 (VOICE) for assistance.
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TEQUESTA GENERAL EMPLOYEES’ REGULAR QUARTERLY MEETING
PENSION TRUST FUND Monday, March 23, 2026
12:00 PM
Secretary Dennis Rick
Board Member Michelle Gload Board Member Michael Rhodes
Board Member Matthew Mellusi
LOCATION: Physical Meeting
Tequesta Village Hall, Village Council Chambers
345 Tequesta Drive
Tequesta, FL 33469
Meeting Contact: (561) 624-3277 (Plan Administrator)
TIME: Monday, March 23, 2026, at 12:00PM
CALL TO ORDER
ROLL CALL
EXTRAORDINARY CIRCUMSTANCES FOR TRUSTEES JOINTING ELECTRONICALLY
APPROVAL OF AGENDA
PUBLIC COMMENT
Email Public Comments during the Meeting to: Tequesta@ResourceCenters.com
BOARD OF TRUSTEES ANNUAL CHAIR AND SECRETARY ELECTION
APPROVAL OF MINUTES – \[Tab 1\]
1. Regular Quarterly Meeting Minutes Dated: November 3, 2025
PRESENTATIONS
2. GRS Consulting Actuary – Jeffrey Amrose, GRS Consulting
a. 2025 Actuarial Valuation Report
3. Dana Investment Advisors – Greg Peters & Joe Veranth, Dana Investment Advisors
a. Dana Investment Advisors 12-31-2025 Quarterly Performance Report
4. Mariner Investment Monitor – Jennifer Gainfort, Mariner
a. Tequesta General 12-31-2025 Quarterly Performance Report
CONSENT AGENDA
All items listed under the Consent Agenda are considered routine and will be enacted by one motion. There will
be no separate discussion of these items unless a Pension Board Trustee so requests, in which event the item
will be removed from the Consent Agenda and considered in its normal sequence in the agenda.
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 Florida Relay Service Numbers at 800-955-8771 (TDD) or 800-955-8770 (VOICE) for assistance.
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TEQUESTA GENERAL EMPLOYEES’ REGULAR QUARTERLY MEETING
PENSION TRUST FUND Monday, March 23, 2026
12:00 PM
Secretary Dennis Rick
Board Member Michelle Gload Board Member Michael Rhodes
Board Member Matthew Mellusi
5. Ratification of invoices paid since last quarterly meeting. \[Tab 2\]
VILLAGE OF TEQUESTA GENERAL EMPLOYEES' PENSION FUND
WARRANT - PAID INVOICES
Monday, February 2, 2026
TO: Resource Centers, Plan Administrator
FROM: Board of Trustees
Paid by Custodian:
Date Payee/Description Check Number Amount
November 18, 2025 Klausner, Kaufman, Jensen & Levinson 1635 $ 1,665.00
Legal services rendered for October 2025, Invoice 39005
November 18, 2025 Pension Resource Center 1636 $ 1,531.20
Administrative Fee- November 2025 Invoice
22099
November 18, 2026 United Members Insurance 1637 $ 1,657.13
Fiduciary Liability Policy effective 11/01/25-
11/01/26
Invoice 3017 dated 11/03/25
December 10, 2025 Klausner, Kaufman, Jensen & Levinson 1638 $ 2,487.50
Legal Services rendered for November 2025, Invoice 39234
December 10, 2025 Pension Resource Center 1639 $ 1,528.84
Administrative Fee- December 2025 Invoice
22171
January 14, 2026 Gabriel, Roeder, Smith & Company 1640 $ 9,011.00
Actuary Fees, Invoice 498268 dated 01/06/26
January 14, 2026 Klausner, Kaufman, Jensen & Levinson 1641 $ 565.00
Legal services rendered for December 2025, Invoice 39460
January 14, 2026 Mariner Institutional, LLC 1642 $ 3,500.00
Investment Consultant Fees for QE 12/31/25, Invoice 70939
January 14, 2026 Pension Resource Center 1643 $ 1,672.14
Administrative Fee- January 2026 Invoice
22246
TOTAL: $ 23,617.81
6. Reporting of new applicants for participation in Pension Plan
Icner Portillo – Date of Hire 01-15-2026
7. Terminated Non-Vested employees who have not yet taken their contributions:
Jamason, Simon – Terminated 05-10-2016
(Nonresponsive) – Location Verification Letter Sent 01-02-2025
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 Florida Relay Service Numbers at 800-955-8771 (TDD) or 800-955-8770 (VOICE) for assistance.
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TEQUESTA GENERAL EMPLOYEES’ REGULAR QUARTERLY MEETING
PENSION TRUST FUND Monday, March 23, 2026
12:00 PM
Secretary Dennis Rick
Board Member Michelle Gload Board Member Michael Rhodes
Board Member Matthew Mellusi
Black, Edward – Terminated 01-05-2018.
(Nonresponsive) – Location Verification Letter Sent 01-02-2025
Dilsa, Jennie – Terminated 05-01-2020.
(Nonresponsive) – Location Verification Letter Sent 01-02-2025
Arango-Lorick, Meghan – Terminated 09-30-2020.
Member sent Refund forms on 04-23-2021, Notification Letter Sent 01-27-2025
Martin, Richard – Termination Date 06-22-2022.
Notification Email Sent: 05-11-2022 – Incomplete Application Submitted 07-19-2022, Follow-up sent 01-
31-2023, Notification Letter Sent 01-27-2025
Hammond, Matthew – Termination Date 07-01-2022.
Notification Emails Sent: 07-05-2022 and 01-31-2023, Notification Letter Sent 01-27-2025
Ferman, Alexander – Termination Date 08-05-2022.
Notification Emails Sent: 08-06-2022 and 01-31-2023, Notification Letter Sent 01-27-2025
Conti, Lisa – Termination Date 02-01-2023.
Notification Email Sent: 02-01-2023, Notification Letter Sent 01-27-2025
Madsen, Patrick – Termination Date 06-15-2023.
Notification Email Sent: 07-01-2023, Notification Letter Sent 01-27-2025
Leigh, Jillian – Termination Date 09-17-2023.
Notification Email Sent: 10-31-2023, Notification Letter Sent 01-27-2025
Wagner, Catherine – Termination Date 01-12-2024.
Notification Email Sent: 01-29-2024, Notification Letter Sent 01-27-2025
Spring, Elizabeth – Termination Date 04-05-2024.
Notification Email Sent: 05-01-2024, Notification Letter Sent 01-27-2025
Shiner, Scott – Termination Date 06-10-2024
Notification Email Sent: 06-10-2024, Notification Letter Sent 01-27-2025
Fazzaro, Jason – Termination Date 09-18-2025
Notification Email Sent: 10-31-2025
Starr, James – Termination Date 10-24-2025
Notification Email Sent: 10-31-2025
8. Benefit Approvals
Citti, Kellie – Refund of Contributions
END OF CONSENT AGENDA
OLD BUSINESS
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 Florida Relay Service Numbers at 800-955-8771 (TDD) or 800-955-8770 (VOICE) for assistance.
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TEQUESTA GENERAL EMPLOYEES’ REGULAR QUARTERLY MEETING
PENSION TRUST FUND Monday, March 23, 2026
12:00 PM
Secretary Dennis Rick
Board Member Michelle Gload Board Member Michael Rhodes
Board Member Matthew Mellusi
NEW BUSINESS
9. Attorney Update – Attorney Bonni Jensen, Klausner, Kaufman, Jensen & Levinson \[Tab 3\]
a. Jensen Memo – Website Reporting Documentation
b. Jensen Memo – IRS Milage Rate for 2026
10. Accounting Reports – Board Member, Michelle Gload, Finance Department \[Tab 4\]
a. Revenue/Expenditures – Quarter Ending 12-31-2025
b. Revenue/Expenditure Details – Quarter Ending 12-31-2025
c. FY2025 Budget Report – Quarter Ending 12-31-2025
d. FY2026 Budget
11. Administrative Report – Albert Lovingood, Resource Centers \[Tab 5\]
a. Resource Centers Memo – 2026 Trustee Conference & School List
b. Custodial Bank Conversion Update
c. Updated 2026 Meeting Scheduled
d. Plan Website Reporting Documentation
OTHER BUSINESS
12. Annual Member Workshop
ANY OTHER MATTERS
PUBLIC COMMENT
Email Public Comments during the Meeting to: Tequesta@ResourceCenters.com
ADJOURNMENT
NEXT QUARTERLY MEETING DATE: Monday, May 4, 2026 @ 8:30 AM
REMINDER: FIDUCIARY TRUST FINANCIAL STATEMENTS ARE AVAILABLE ON THE VILLAGE’S IMAGING SYSTEM*
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 Florida Relay Service Numbers at 800-955-8771 (TDD) or 800-955-8770 (VOICE) for assistance.
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