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HomeMy WebLinkAboutDocumentation_Pension General_Tab 05_05/03/2010 Laur, Betty From: McWilliams, Lori Sent: Thursday, April 01, 2010 4:00 PM To: Laur, Betty Subject: FW: Village of Tequesta General Employee DROP Plan For the GE Pension — May agenda. The Pension Board asked for a quote — it is $1800 - $2000 for Steve to prepare. Need to know if the Board wants to pay this to move forward with a cost to implement the DROP program. Thanks, Lori From: Steve.Palmquist @gabrielroeder.com [mailto: Steve. Palmquist@gabrielroeder.com] Sent: Thursday, April 01, 2010 3:43 PM To: McWilliams, Lori Cc: Laur, Betty; Duane.Howison @gabrielroeder.cwm Subject: RE: Village of Tequesta General Employee DROP Plan We would be pleased to prepare an actuarial study of adding a DROP to the General Employees Plan. Our estimated fee to prepare our report is $1,800 to $2,000. Circular 230 Notice: Pursuant to regulations issued by the IRS, to the extent this communication (or any attachment) concerns tax matters, it is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax - related penalties under the Internal Revenue Code or (ii) marketing or recommending to another party any tax- related matter addressed within. Each taxpayer should seek advice based on the individual's circumstances from an independent tax advisor. J. Stephen Palmquist, ASA, MAAA, FCA, EA Gabriel, Roeder, Smith & Company One East Broward Blvd., Suite 505 Fort Lauderdale, FL 33301 Telephone: 954-527-1616 Fax: 954-525-0083 steve.palmquist( gabrielroeder.com The above communication shall not be construed to provide tax advice, legal advice or investment advice. Notice of Confidentiality This transmission contains information that may be confidential and that may also be privileged. Unless you are the intended recipient of the message (or authorized to receive it for the intended recipient), you may not copy, forward, or otherwise use it, or disclose its contents to anyone else. If you have received this transmission in error, please notify the sender immediately and delete it from your system. From: McWilliams, Lori [ mailto :lmcwilliams @tequesta.org] Sent: Thursday, April 01, 2010 3:27 PM To: Palmquist, Steve (FLPi) Cc: Laur, Betty Subject: Village of Tequesta General Employee DROP Plan Steve, 1 During the last General Employee Pension Meeting, the Board asked for a quote on what it would cost to implement a DROP Plan element to the General Employee Pension Plan. Can you provide this for the May 3, 2010 General Employee Pension Meeting? I believe you have all the employee information on file that you would need. If not, please let me know. Thank you, Lori IMPORTANT. The contents of this email and any attachments are confidential. They are intended for the named recipient(s) only. If you have received this email in error, please notify the system manager or the sender immediately and do not disclose the contents to anyone or make copies thereof. * ** eSafe scanned this email for viruses, vandals, and malicious content. * ** 2