HomeMy WebLinkAboutAgenda_Pension Public Safety_02/07/2011 AGENDA
BOARD OF TRUSTEES
TEQUESTA PUBLIC SAFETY OFFICERS'
PENSION TRUST FUND
REGULAR QUARTERLY BOARD MEETING
TO BE HELD IN THE
VILLAGE HALL COUNCIL CHAMBERS
345 TEQUESTA DRIVE, TEQUESTA, FLORIDA
MONDAY, FEBRUARY 7, 2011
8:00 A.M.
I. CALL TO ORDER AND ROLL CALL
Chair Frank D'Ambra
Secretary Ray Giblin
Board Member Ed Sabin
Board Member Robert Young
Board Member David Cooper
Attorney: Bonni Jensen, Perry & Jensen, LLC
Pension Administrators: Scott Baur & Dixie Martinez, Pension Resource Centers
Finance Director: Joann Forsythe — representing Management
Investment Monitor: Dan Johnson, Bogdahn Consulting LLC
Investment Manager: Tony Brown, Rockwood Capital Advisors
II. APPROVAL OF AGENDA
III. APPROVAL OF MINUTES
1. Special Meeting Minutes — October 1, 2010
2. Quarterly Meeting Minutes— November 1, 2010
3. Special Meeting Minutes — December 6, 2010
IV. PRESENTATIONS
4. Investment Manager — Tony Brown, Rockwood Capital Advisors
5. Quarterly Presentation by Monitor — Dan Johnson, Bogdahn Consulting, LLC.
a. International Equity Allocation and Controls — Discussion
V. UNFINISHED BUSINESS
6. Self- directed DROP Provisions — Memorandum March 29, 2001 from the Division of
Retirement- Discussion.
7. Comparison & Contrast - ICMA —RC vs. Legend Group, Pension Administrator Scott
Baur.
VI. STANDING REPORTS (INFORMATION ITEMS)
8. New applicants for participation in Pension Plan:
Diane Astrella — from part-time to full time reserve Police Officer effective 1 -3 -11.
9. Request for withdrawal of contributions (employees terminating employment
with the Village of Tequesta) — Ratification of withdrawals made since the last
meeting.
None
10. Terminated employees who have not taken their contributions:
None
VII. PAYMENTS TO BE RATIFIED (PAYMENTS MADE SINCE LAST MEETING)
11. Pension Resource Centers — Adm. Fee August — November $3,800.00
Rockwood Capital Advisors — Inv. Mgt. Fees 3 rd Quarter $7,401.80
Perry & Jensen, LLC.- Services through 11/15/10 $1,508.30
Pension Resource Centers — Adm. Fee December $1,050.00
Bogdahn Consulting, LLC — Services through 09/30/10 $3,750.00
Perry & Jensen, LLC. -Services through 12/15/10 $1,595.15
FPPTA —Annual Membership $600.00
VIII. PAYMENT TO BE REVIEWED AND APPROVED
12. Pension Resource Centers — Adm. Fee January $950.00
GRS- Actuarial Services Rendered through 10/31/10 $2,378.00
GRS- Actuarial Services Rendered through 12/31/10 $1,223.00
Ellen Schaffer — Computer Programming Services $302.50
Perry & Jensen, LLC. - Services through 1/15/10 $883.40
Pension Resource Centers — Adm. Fee February $950.00
IX. BUDGET REPORT
13. Quarterly Budget Report — Income Statement & Expenditure Report, Finance
Director Forsythe
X. NEW BUSINESS
14. Memorandum, HB303 & SB290, Attorney Bonni Jensen.
15. IRS Mileage Rates for 2011, Attorney Bonni Jensen.
16. Status of Ordinance Amendment Update, Attorney Bonni Jensen.
17. Beneficiary Form, Pension Administrator Scott Baur.
18. Benefit Approval — DROP Charles Burnsed, Pension Administrator Scott Baur.
19. Request to Close Checking Account with First Citizens Bank, Pension Administrator
Scott Baur.
20. Status of Agreement with Manning & Napier Update, Pension Administrator Scott
Baur.
XI. ANY OTHER MATTER
XII. COMMUNICATIONS FROM CITIZENS
XIII. ADJOURNMENT
NEXT QUARTERLY MEETING DATE:
Monday, May 2, 2011 AT 1:00 PM
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 561.575.6200 for assistance. If hearing impaired, please
call the Florida 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.