HomeMy WebLinkAboutAgenda_Pension Public Safety_05/31/2016 AGENDA
BOARD OF TRUSTEES
TEQLTESTA PUBLIC SAFETY OFFICERS'
PENSION TRUST FUND
REGULAR QUARTERLY BOARD MEETING
TO BE HELD IN THE
VILLAGE HALL COUNCIL CHAMBERS
345 TEOUESTA DRIVE, TECUUESTA, FLORIDA
MONDAY, MAY 31 St 2016
2:00 P.M.
1. CALL TO ORDER AND ROLL CALL
Chairman Ed Sabin
Secretary John Terzakis
Board Member Ariel Ramirez
Board Member Kyle Stone
Board Member Adam Evans
Attorney: Bonni Jensen, The Law Office of Klausner, Jensen & Levinson
Pension Administrator: Kerry Dutton, The Resource Centers
II. PUBLIC COMMENT
III. APPROVAL OF AGENDA
IV. APPROVAL OF MINUTES
1. Tequesta Public Safety Officers' Pension Trust Fund Board of Trustees Regular Quarterly
Meeting Minutes — November 18, 2015 (Revised)
2. Tequesta Public Safety Officers' Pension Trust Fund Board of Trustees Regular Quarterly
Meeting Minutes — February 8, 2016
V. PRESENTATIONS
3. Tyler Grumbles, Bogdahn Consulting, LLC.
a. Quarterly PerFormance Report as of March 31, 2016
b. Automatic Rebalance Letter
VI. UNFINISHED BUSINESS
4. Experience Study on Reduction of Return Assumptions
VII. STANDING REPORTS (INFORMATION ITEMSj
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
VIII. PAYMENTS TO BE RATIFIED (PAYMENTS MADE SINCE LAST MEETING)
8. Ratification of invoices paid since last quarterly meeting:
2/12/2016 Pension Resource Center $950.00
Administrative Fee - January 2016
2/12/2016 Pension Resource Center $950.00
Administrative Fee - February 2016
2/12/2016 Klausner, Kaufman, Jensen & Levinson $607.50
Legal Services Rendered through 10-31-15
2/12/2016 Klausner, Kaufman, Jensen & Levinson $747.50
Legal Services Rendered through 11-30-15
2/12/2016 Garcia Hamilton &Associates, L.P. $2,102.63
Investment Management Fee - 4th Quarter 2015
3/9/2016 Pension Resource Center $950.00
Administrative Fee - March 2016
3/9/2016 Gabriel, Roeder, Smith & Company $2,061.00
Actuarial Services Rendered through 12-31-15
3/9/2016 Gamco Asset Management $5,266.15
Investment Management Fee - 4th Quarter 2015
3/9/2016 Klausner, Kaufman, Jensen & Levinson $742.50
Legal Services Rendered through 12-31-15
3/9/2016 Klausner, Kaufman, Jensen & Levinson $1,710.00
Legal Services Rendered through 2-29-16
4/6/2016 Pension Resource Center $950.00
Administrative Fee - April 2016
4/6/2016 The Bogdahn Group $4,500.00
Consulting Fee - 1 st Quarter 2016
4/8/2016 Edward Sabin $317.19
Travel Expense Reimbursement- 3/7/16 to 3/8/16
Klausner, Kaufman, Jensen & Levinson Conference
5/9/2016 Pension Resource Centers $950.00
Administrator Fee - May 2016
Invoice# 14672
5/9/2016 Klausner, Kaufman, Jensen & Levinson $828.67
Legal Services Rendered through 3-31-16
Invoice# 17987
5/9/2016 Gabriel Roeder Smith & Company $3,580.00
Consulting & Actuaries Services Rendered
through 3-31-16
Invoice# 421266
5/9/2016 Garcia Hamilton & Associates L.P. $2,171.29
Management Fee -1 st Quarter 2016
Invoice# 26817
IX. PAYMENT TO BE REVIEWED AND APPROVED
9. Payments to be reviewed and approved:
April 30, 2016 Klausner, Kaufman, Jensen & Levison $2,701.25
Legal Services Rendered through 4/30/2016
X. NEW BUSINESS
10. Bonni Jensen, The Law Office of Klausner, Kaufman, Jensen& Levison
a. Budget Review, Mutual Consent & Public Records
b. Normal Retirement Age Regulation
c. Summary Plan Description - Draft
XI. BUDGET REPORT
11. Quarterly Budget Report — Income Statement & Expenditure Report
XII. ADMINISTRATIVE REPORT
12. Benefit Approval
13. FPPTA 32" Annual Conference
14. Pension Resource Centers Requests Online Banking Access
XIII. ANY OTHER MATTER
XIV. COMMUNICATIONS FROM CITIZENS
XV. ADJOURNMENT
NEXT QUARTERLY MEETING DATE:
Monday, August 1 St 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 recard 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 500-955-8771 (TDD) or 800-955-8770 (VOICE) for assistance.
REMINDER: SALEM TRUST FINANCIAL STATEMENTS ARE AVAILABLE ON THE VILLAGE'S IMAGING
SYSTEM.