HomeMy WebLinkAboutAgenda_Pension General_02/08/2016 AGENDA
BOARD OF TRUSTEES
TEQUESTA GENERAL EMPLOYEES'
PENSION TRUST FUND
REGULAR QUARTERLY BOARD MEETING
TO BE HELD IN TI-�
VILLAGE HALL COUNCIL CHAMBERS
345 TEQUESTA DRIVE, TEQUESTA, FLORIDA
MONDAY FEBRUARY 8 2016
1:00 P.M.
I. CALL TO ORDER AND ROLL CALL
Chair Michael D. Rhodes
Secretary Carl Hansen
Board Member Michelle Gload
Board Member Dennis Rick
Board Member Bemard Ward
Board Member Jesse Oakley 111
Attorney: Bonni Jensen, The Law O�ce of Klausner, Jensen & Levinson
Pension Administrator: Kerry Dutton, The Resource Centers
Investment Monitor: Tyler Grumbles, Bogdahn Consulting LLC
Investments Manager: John Hamlin, Dana Investments Advisors
Actuary: Jeffery Ambrose, GRS
II. ADMINISTRATION OF OATH NEW TRUSTEES'
III. PUBLIC COMMENT
III. APPROVAL OF AGENDA
IV. APPROVAL OF MINUTES
1. Tequesta General Employees' Pension Tn.ist Fund Board of Trustees Regular Quarterly
Meeting Minutes — November 2, 2015. -
V. PRESENTATION
2. John Hamlin, Dana Investments
a. Quarter Review as of December 31, 2015
b. Proxy Vote for Calendar Year 2015
3. Tyler Grumbles, Bogdahn Consulting, LLC.
a. Quarterly Performance Report as of December 31, 2015
4. Jeffrey Amrose, GRS
a. Actuarial Valuation Report 10/01/2015
b. Chapter 112.664 Compliance Report
VI. CONSENT AGENDA
5. Ratification of invoices paid since last quarterly meeting:
October 11, 2015 Dana Investment Advisors $3,853.34
Investment Management Fee- 3rd Quarter 2015
October 30, 2015 Pension Resource Centers $800.00
Administrator Fee - November 2015
November 20, 2015 FPPTA $600.00
Membership Renewal for Year: 2016
December 1, 2015 Pension Resource Center $800.00
Administrative Fee - Dec 2015
December 24, 2015 The Bogdahn Group $3,125.00
Pertormance Evaluation for 9/30/15 Reports and
Consulting
Services through 12/31/15
November 30, 2015 Klausner, Kaufman, Jensen & Levison $936.50
Legal Services Rendered through 11-30-2015
October 31, 2015 Klausner, Kaufman, Jensen & Levison $607.50
Legal Services Rendered through 10-30-2015
December 11, 2015 Gabriel Roeder Smith & Company $5,396.00
Consulting & Actuaries Services Rendered through
11-30-15
January 18, 2016 tRS Determination Letter $2,500.00
User Fee for Employee Plan Determination Letter (Form8717)
6. Payments to be reviewed and approved:
January 1, 2016 Pension Resource Center $800.00
Administrative Fee - January 2016
February 1, 2016 Pension Resource Center $800.00
Administrative Fee - February 2016
January 30, 2016 DANA Investment Advisors $3,287.32
Management Fee - 4th Quarter 2015 for Acct# 451856620
January 30, 2016 DANA Investment Advisors $721.69
Management Fee - 4th Quarter 2015 for Acct# 451856610
December 31, 2015 Klausner, Kaufman, Jensen & Levinson $720.00
Legal Services Rendered through 12/31/15
January 6, 2016 Gabriel Roeder Smith & Company $2,298.00
Consultants & Actuaries for Services Rendered
through
12/31 /2015
7. Reporting of new applicants for participation in Pension Plan:
Patrick Madsen
Patrick Sargent
Dennis Rick
8. Approval of withdrawal of contributions:
None
9. Terminated employees who have not taken their contributions:
None
END OF CONSENT AGENDA
Vtl. UNFINISHED BUSINESS
VIII. NEW BUSINESS
10. Bonni Jensen, The Law Office of Klausner, Kaufman, Jensen& Levison
a. Update RFP Questionnaire versus NCPERS
b. Update language on Election Process in Administrative Rule
c. 2016 IRS Mileage Rate
IX. BUDGET REPORT
11. Quarterly Budget Report — Income Statement & Expenditure Report, Finance Staff
X. ADMINISTRATIVE REPORT
12. Certification of Election Results; Dennis Rick
13. Revised 2016 Meeting Schedule
XI. ANY OTHER MATTER
XII. COMMUNICATIONS FROM CITIZENS
XIII. ADJOURNMENT
NEXT QUARTERLY MEETING DATE:
Monday, May 2 ND AT 8:00 A.M.
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
testirnony and evidence upon which the appeal is to be based.
DISABILITY INFORMATION: In accordance with the Americans with Disabiliries Act and F.F.S 286.26, persons with
disabilities needing special accommodarion 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.
REMINDER: SALEM TRUST FINANCIAL STATEMENTS ARE AVAILABLE ON THE VILLAGE'S IMAGING
SYSTEM.