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HomeMy WebLinkAboutHandouts_Pension Joint_Pension Resource Center_06/15/2010 Reference Results — Village of Tequesta Joint Pension Board Meeting — June 15, 2010 City of Riviera Beach — Robert Cleva, Trustee "Pension Resource Center has been the City's administrator for 10 or 11 years. Whatever PRS has been asked to do they have done a great job with. Riviera Beach just added a drop program which PRS did a great job guiding the City through and implementing." "PRS interFaces effectively with all the plan professionals, asset managers, pension attorney etc. Through the years they have made changes to their asset manager and pension attorney and PRS has worked effectively with all the parties, they have been the one constant." "PRS is customer friendly. Denis McNeil is our administrator and has done a great job. I know of several other municipalities in the area that use PRS and they all have good things to say." "PRS has done a very good job with the annual and state reports." When I asked Mark to discuss any weaknesses or problems he indicated there had been none worth mentioning. St. Lucie County Fire District — Chris Bushman — Chief & Trustee Left phone message outlining our inquiry and offered my phone number and e-mail but I have not received a response. City of Daytona Beach — Mark Eisner — Board Chair `Pension Resource Center has been our administrator for the past 10 or 11 years. Through the years we have had a few issues but PRS has always responded promptly and quickly rectified things. They will do whatever is necessary to keep our business." "The city has 300 active employees, 50 retirees and over $140mm in assets utilizing 9 investment managers. What issues we have had were in the early years as we were experiencing significant change and growth. But they have been ironed out and PRS has performed well." "Our administrator is Nick Sheez (sp?) and he is knowledgeable and good." "The online calculator is pretty accurate. The website is good and has relieved the board and the City of a lot of phone call questions from both active employees and retirees." "We do utilize PRS to pay all our bills as well as our payments to retirees. They provide an itemized report at each Board meeting and we review and approve. As a safeguard we limit the amount they have in their checking account at any one time to $50K. City of Daytona Beach — Paula Karr — City Benefits Manager "Work with Nick Sheez and our experience has been excellent.' "We host retirement seminars for our employees yearly and Nick has come here and done an excellent job." "PRS has been with us for 1-0 years and they have done an excellent job. I know of no significant issues or problems.