HomeMy WebLinkAboutAgenda_Pension General_11/06/2006AGENDA
BOARD OF TRUSTEES
TEQUESTA GENERAL EMPLOYEES'
PENSION TRUST FUND
REGULAR QUARTERLY BOARD MEETING
TO BE HELD IN THE EMERGENCY OPERATIONS CENTER
IN THE PUBLIC SAFETY BUILDING
357 TEQUESTA DRIVE, TEQUESTA, FLORIDA
MONDAY, NOVEMBER 6, 2006
10:30 A.M.
* Asterisk indicates no backup provided prior to agenda deadline
I. CALL TO ORDER AND ROLL CALL
II. APPROVAL OF AGENDA
III. APPROVAL OF MINUTES
1. TEQUESTA GENERAL EMPLOYEES' PENSION TRUST FUND
BOARD OF TRUSTEES QUARTERLY MEETING MINUTES -
AUGUST 7, 2006
IV. CHANGES TO THE BOARD
2. WELCOME NEW EMPLOYEE MEMBER MERLENE REID TO
REPLACE FORMER EMPLOYEE MEMBER ANNE KOCH -
Chair Bob Garlo
3. RESIGNATION OF BOARD MEMBER TOM PATERNO -Chair
Bob Garlo
V. PRESENTATIONS
4. SEMIANNUAL PRESENTATION BY INVESTMENT MANAGER
Mike Dana, Dana Investment Advisors, Inc
5. PRESENTATION BY MONITOR- Joe Bogdahn, Bogdahn Consulting,
LLC
6. PRESENTATION BY ACTUARY
Agenda -General Employees' Pension Trust Fund Board Meeting
November 6, 2006 2
a. Report of cost impact to credit interest on employee contributions
paid out before fully vested
b. Report of cost to provide employee benefit statements annually--
Steve Palmquist of Gabriel Roeder Smith & Co
V. UNFINISHED BUSINESS
7 CONSIDERATION OF APPROVAL OF UPDATED DRAFT
ADMINISTRATIVE RULES-Attorney Bonni Jensen
8. CONSIDERATION OF APPROVAL OF UPDATED DRAFT
EXPENSE POLICY Attorney Bonni Jensen
VI. CONSENT AGENDA
9. PAYMENTS TO BE REVIEWED AND APPROVED
• Business Services Connection -
8/7/06 meeting and minutes $ 193.32
• Hanson, Perry & Jensen, P.A.
Services to 10/15/06 $ 771.11
• Bogdahn Consulting, LLC $1,125.00
• Dana Investment Advisors $ 1,252.87
• Salem Trust Company fee advice for period
7/1!06 to 9/30/06 $ 198.80
• Village of Tequesta -shipping fees $ 11.71
10. Approval of new applicants for participation in Pension Plan
Truman A. Blanchard Date of hire 8/7/06 -Building Inspector
Daniel Soltis Date of hire 8/28/06 - Meter Reader
Darlene Madden Date of hire 9/26/06 (full time 10/1/06) -
Police Dept. Records Specialist
Mark Heynes Date of hire 10/17/06 -Public Works
Walter Paris Date of hire 10/17/06-Service Tech Trainee
11. Approval of Beneficiary Changes
Agenda -General Employees' Pension Trust Fund Board Meeting
November 6, 2006 3
Mary Spiegel -beneficiary changed 8/10/06
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:
Kevin Sossi 8/10/06 Gross: $ 251.88; Net Payout $ 201.50
Anne Koch 9/1/06 Gross: $2,821.04; Net Payout $2,256.83
David Cooper 9/18/06 Gross: $1,446.12; Net Payout $1,156.90
13. Budget Report
VIII. FINANCIAL REPORTS
14. Account Statements (July-September 2006) - Monica Rahim,
Accounting Clerk
IX. NEW BUSINESS
15. FIDUCIARY LIABILITY POLICY ANNUAL PREMIUM-
GENERAL EMPLOYEES' PENSION PORTION $839.20 -- Chair
Bob Garlo
16. *REPORT BY ATTORNEY BONNI JENSEN REGARDING STATE
REGULATION THAT INVOICES BE PAID TIMELY -Attorney
Bonni Jensen
17. CONSIDERATION OF INCREASING MINIMUM AMOUNT OF
FUNDS HELD IN INDEPENDENT COMMUNITY BANK - Merlene
Reid
18. CONSIDERATION OF SENDING A MEMBER TO FPPTA
TRUSTEES SCHOOL -January 28-31, 2007 at Amelia Island
Plantation, Fernandina Beach, Florida -Chair Bob Garlo
X. ANY OTHER MATTERS
XI. COMMUNICATIONS FROM CITIZENS
XII. 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
Agenda -General Employees' Pension Trust Fund Board Meeting
November 6, 2006 4
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.