HomeMy WebLinkAboutAgenda_Pension Public Safety_2/25/2015AGENDA
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
WEDNESDAY, FEBRUARY 25, 2015
8:00 A.M.
I. CALL TO ORDER AND ROLL CALL
Secretary Ray Giblin
Board Member Ed Sabin
Board Member John Terzakis
Board Member Ariel Ramirez
Board Member (Vacant Representative)
Attorney: Bonni Jensen, The Law Office of Perry & Jensen, LLC
Pension Administrator: Scott Baur & Kerry Dutton, The Resource Centers
Investment Monitor: Tyler Grumbles, Bogdahn Consulting LLC
Investments Manager: John Hamlin, Dana Investments Advisors
Actuary: Jeffery Amrose, GRS
II. PUBLIC COMMENT
III. ELECTION OF CHAIR
IV. SALEM TRUST
V. APPROVAL OF AGENDA
VI. APPROVAL OF MINUTES
1. Tequesta Public Safety Officers' Pension Trust Fund Board of Trustees Regular
Quarterly Meeting Minutes — November 3, 2014.
VII. PRESENTATIONS
2. Actuaries Jeffrey, Gabriel, Roeder, Smith & Company
a. Actuarial Valuation Report 10/01/2013
b. GASB No. 67 Implementation Package
3. Tyler Grumbles, Bogdahn Consulting, LLC.
a. Quarterly Performance Report as of December 31, 2014
b. Global Tactical Asset Allocation Follow Up Discussion
c. Change of Internal Control Notification
d. New Fee Proposal
VIII. UNFINISHED BUSINESS
None
IX. STANDING REPORTS (INFORMATION ITEMS)
4. New applicants for participation in Pension Plan:
None
5. Request for withdrawal of contributions (employees terminating employment
with the Village of Tequesta) — Ratification of withdrawals made since the last
meeting.
None
6. Terminated employees who have not taken their contributions:
None
X. PAYMENTS TO BE RATIFIED (PAYMENTS MADE SINCE LAST MEETING)
7. Ratification of invoices paid since last quarterly meeting:
Perry & Jensen $ 540.00
Legal Services through 9/30/14
Perry & Jensen $ 22.65
Legal Services through 10/15/14
Pension Resource Centers $ 950.00
Administrative Fee- November 2014
Perry & Jensen $2,174.40
Legal Services through 11/15/14
FPPTA $ 600.00
Membership Fee- Year 2015
GRS $2,834.00
Actuarial Services through 10/31/14
Pension Resource Centers $ 985.32
Administrative Fee- December 2014
Perry & Jensen $2,154.45
Legal Services through 12/15/14
The Bogdahn Group $3,750.00
Performance Evaluation Fee for 9-30-14
Reports and Consulting Services through 12/31/14
Pension Resource Centers $1,037.89
Administrative Fee- January 2015
Perry & Jensen $ 790.28
Legal Services through 1/15/15
GRS $4,242.00
Actuarial Services through 12/31/14
Gamco Asset Management
Investment Management Fees for 3rd. Q 2014 $6,212.00
XI. PAYMENT TO BE REVIEWED AND APPROVED
8. Payments to be reviewed and approved:
Pension Resource Centers $ 986.89
Administrative Fee- February 2015
XII. BUDGET REPORT
9. Quarterly Budget Report — Income Statement & Expenditure Report, Finance Staff
XIII. NEW BUSINESS
10. Attorney Bonni Jensen, The Law Office of Perry & Jensen LLC
a. Summary of Actions
b. 2015 IRS Mileage Rate
c. 2015 Special Tax Notice
d. IRS Determination Letter
e. Legislative Update on SB 242
f. IRS Memorandum on DROP 415(b)
XIV. ANY OTHER MATTER
XV. COMMUNICATIONS FROM CITIZENS
XVI. ADJOURNMENT
NEXT QUARTERLY MEETING DATE:
Monday, May 4t" AT 1:00 P.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
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 561.768.0700 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.