HomeMy WebLinkAboutAgenda_Pension Public Safety_11/03/2014AGENDA
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, NOVEMBER 3, 2014
1:00 P.M.
I. CALL TO ORDER AND ROLL CALL
Chair Robert Young
Secretary Ray Giblin
Board Member Ed Sabin
Board Member John Terzakis
Board Member (Vacancy Police Representative)
Attorney: Bonni Jensen, Perry & Jensen, LLC
Pension Administrators: Dixie Martinez & Kerry Dutton, Pension Resource Centers
Investment Monitor: Tyler Grumbles, Bogdahn Consulting LLC
Investment Manager: Judy McCoy, ASB Real Estate Presentation
Investment Manager: Jennifer Perkins & Doug Baran, Principal Real Estate
II. APPROVAL OF AGENDA
III. APPROVAL OF MINUTES
1. Minutes:
a. Quarterly Meeting — August 4, 2014
IV. PRESENTATIONS
2. Investment Manager- Judy McCoy, ASB Real Estate
3. Investment Manager- Jennifer Perkins & Doug Baran, Principal Real Estate
4. Investment Monitor - Tyler Grumbles, Bogdahn Consulting, LLC.
a. Quarterly Performance Report
b. PIMCO Total Return Discussion
V. UNFINISHED BUSINESS
None
VI. STANDING REPORTS (INFORMATION ITEMS)
5. New applicants for participation in Pension Plan:
None
6. Request for withdrawal of contributions (employees terminating employment
with the Village of Tequesta) — Ratification of withdrawals made since the last
meeting.
None
7. Terminated employees who have not taken their contributions:
None
VII. PAYMENTS TO BE RATIFIED (PAYMENTS MADE SINCE LAST MEETING)
8. Pension resource Center $ 950.00
Adm. Fees —August 2014
Gamco Asset Management $5,719.00
Investment Mgmt. Fees 2nd Q 2014
Perry & Jensen LLC $ 958.35
Legal Fees Rendered through 08/15/14
Gehiring Group Inc. $3,356.53
Fiduciary Liability Ins. For period 10/1/14 to 10/1/15
VIII. PAYMENT TO BE REVIEWED AND APPROVED
9. Pension Resource Centers $ 950.00
Adm. Fee September 2014
Pension Resource Centers $ 950.00
Adm. Fee October 2014
The Bogdahn Group $3,750.00
Performance Monitoring through 09/30/14
Perry & Jensen LLC $1,098.75
Legal Fees rendered for the period ending 09/15/14
Gamco Asset Management
Investment Management Fees for 3rd. Q 2014 $5,594.00
IX. BUDGET REPORT
10. Quarterly Budget Report — Income Statement & Expenditure Report, Finance Staff.
X. NEW BUSINESS
11. Ordinance Amendment- Update, Attorney Bonni Jensen.
12. Senate Bill 534 discussion, Attorney Bonni Jensen
13. Senate Bill 534 Implementation Letter from GRS
14. Election Update Gerald Pitocchelli retired 07-11-14, Administrator Dixie
Martinez.
15. Authorization Agreement request from Salem Trust re: new banking information,
Administrator Dixie Martinez
16. Retirement Application for Gerald Pitocchelli, Administrator Dixie Martinez
17. Salem Trust Class Action Report for Period 04-01-14 to 06-30-14, Administrator
Dixie Martinez
XI. ANY OTHER MATTER
XII. COMMUNICATIONS FROM CITIZENS
XIII. ADJOURNMENT
NEXT QUARTERLY MEETING DATE:
Monday, February 2, 2015 AT 8:00 AM
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.