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Home My WebLink AboutAgenda_Pension Public Safety_02/06/2017 AGENDA BOARD OF TRUSTEES TEQLTESTA PUBLIC SAFETY OFFICERS' PENSION TRUST FUND REGULAR QUARTERLY BOARD MEETING TO BE HELD IN THE VILLAGE HALL COUNCIL CHAMBER5 345 TEQUESTA DRIVE, TEQUESTA, FLORIDA MONDAY, FEBRUARY 6, 2017 8:30 A.M. I. CALL TO ORDER AND ROLL CALL Chairman Ed Sabin Secretary John Terzakis Board Member Kyle Stone Board Member Ray Korkowski Board Member Ray Giblin Attorney: Bonni Jensen, The Law Office of Klausner, Jensen & Levinson Pension Administrator: Kerry Dutton, The Resource Centers Investment Consultant: Tyler Grumbles, &Co Consulting II. ADMINSTRATION OF OATH III. PUBLIC COMMENT IV. APPROVAL OF AGENDA V. APPROVAL OF MINUTES 1. Tequesta Public Safety Officers' Pension Trust Fund Board of Trustees Regular Meeting Minutes — November 7, 2016 VI. PRESENTATIONS 2. Jeffery Amrose, GRS. a. Actuarial Valuation Report October 1, 2016 b. Expectant Rate of Return 3. Tyler Grumbles, Bogdahn & Co Consulting a. &Co Consulting Announcement b. Quarterly Performance Report as of December 31, 2016 VII. UNFINISHED BUSINESS VIII. 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 VIII. PAYMENTS TO BE RATIFIED (PAYMENTS MADE SINCE LAST MEETING) 7. Ratification of invoices paid since last quarterly meeting: Check# Paid Date Vendor/Description Amount 1258 11/21/2016 Pension Resource Center $950.00 Administrative Fee- November 2016 Invoice# 15091 Date 10/31/16 1259 11/21/2016 GAMCO $5,779.00 Management Fee- 3rd Quarter 2016 1260 11/21/2016 FPPTA $600.00 2017 Membership Renewal 1261 11/21/2016 Gabriel Roeder Smith & Company $6,889.00 Consultants &Actuaries Svs through 9/30/16 1262 12/12/2016 Pension Resource Center $950.00 Administrative Fee- December 2016 Invoice# 15154 Date 11-30-16 1263 12/12/2016 Klausner, Kaufman, Jensen & Levinson $374.25 Legal Services Rendered through 9-30-16 Bill# 18844 1264 12/12/2016 Klausner, Kaufman, Jensen & Levinson $877.50 Legal Services Rendered through 11-30-16 Bill# 19131 1265 12/12/2016 Klausner, Kaufman, Jensen & Levinson $273.25 Legal Services Rendered through 10-31-16 Bill# 18995 1266 12/12/2016 Garcia Hamilton &Associates L.P. $1,593.27 Management Fee-3rf Quarter 2016 Invoice#27365 Date 10-11-16 1267 1/25/2017 And CO $4,500.00 Consulting Fee-4th Qtr 2016 Invoice#20251 1268 1/25/2017 Klausner, Kaufman, Jensen & Levinson $45.00 Legal Services Rendered through 12-31-16 Invoice#19279 1269 1/25/2017 Pension Resource Center $950.00 Administrative Fee-January 2017 Invoice# 15219 Date 1-3-17 Paid by Custodian 10/25/2016 Fiduciary Trust International- GHA $372.98 3rd Quarter Custoday Fee 9/30/16 Cust#XXXX710 Invoice#S14800484642 10/25/2016 Fiduciary Trust International-GAMCO $451.18 3rd Quarter Custody Fee 9/30/16 Cust#X�CX720 Invoice#S14800484643 10/25/2016 Fiduciary Trust International- MTL FND $792.05 3rd Quarter Custoday Fee 9/30/16 Cust#XXXX730 Invoice#S14800484644 10/25/2016 Fiduciary Trust International- Public Safety Office $19.99 3rd Quarter Custoday Fee 9/30/16 Cust#X�CX700 Invoice#S14800484641 10/25/2016 Fiduciary Trust International- GHA $170.00 3rd Quarter Admin Fee 9/30/16 Cust#XXXX700 Invoice#S14800486001 IX. PAYMENT TO BE REVIEWED AND APPROVED 8. Payments to be reviewed and approved: October 31, 2016 Pension Resource Center Administrative Fee- November 2016 $950.00 October 12,2016 Gamco Asset Management $5,779.00 3rd Quarter Management Fees October 25, 2016 FPPTA $600.00 2017 Membership Renewal October 4, 2016 Gabriel, Roeder, Smith & Company $6,889.00 Consultants &Actuaries for Services Rendered through 9/30/2016 X. NEW BUSINESS 9. Bonni Jensen, Klausner, Jensen & Levinson a. 2017 IRS Mileage Rate Memorandum b. Pending FRS Mortality Table Memorandum c. Online Annual Report Memorandum d. Request for Online Access to Fiduciary Trust e. Attorney Fee Increase XI. BUDGET REPORT XII. ADMINISTRATIVE REPORT 10. 2017 Conference Lists 11. Update Signature Cards for Fiduciary Trust XIII. ANY OTHER MATTER XIV. COMMUNICATIONS FROM CITIZENS XV. ADJOURNMENT NEXT QUARTERLY MEETING DATE: May 1, 2017 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 Flarida 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.