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VILLAGE OF TEQUESTA
Post Office Box 3273 250 Tequesta Drive, Suite 300
Tequesta, Florida 33469-0273 (561) 575-6200
Fax: (561)575-6203
AGENDA
BOARD OF TRUSTEES
TEQUESTA PUBLIC SAFETY OFFICERS'
PENSION TRUST FUND REGULAR BOARD MEETING
TO BE HELD IN THE VILLAGE COUNCIL CHAMBERS
399 SEABROOK ROAD, TEQUESTA, FLORIDA
TUESDAY, MAY 11, 2004
10:30 A.M.
I. CALL TO ORDER AND ROLL CALL
II. APPROVAL OF AGENDA
III. a) APPROVAL OF MINUTES OF MARCH 2, 2004 JOINT MEETING
WITH GENERAL EMPLOYEES' PENSION BOARD
b) APPROVAL OF MINUTES OF APRIL 21, 2004 JOINT MEETING
WITH GENERAL EMPLOYEES' PENSION BOARD
IV. APPROVAL OF NEWLY ELECTED POLICE REPRESENTATIVE TO
THE BOARD -JOSEPH PETRICK
V. UNFINISHED BUSINESS
a) Contractual agreement with Auditors -Attorney Bonni Jensen
b) Discussion and Consideration of Approval of Plain English Summary
provided by Attorney Jensen at 2/10/04 meeting -Attorney Bonni
Jensen (backup to follow)
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Recycled Paper
Agenda -Public Safety Officers' Pension Trust Fund Board Meeting
May 11, 2004
c) Consideration of Approval of Statement of Policy for Trustee
Expenses provided by Attorney Jensen at 2/10/04 meeting -Attorney
Bonni Jensen (Backup to follow)
d) Report of cost of providing benefit statements to employees each year
vs. every other year- Dan Gallagher (No backup for this item)
e) Report by Dan Gallagher of the amount of supplemental funds
available for additional benefits -Dan Gallagher
VI. STANDING REPORTS
a) Approval of new applicants for participation in Pension Plan (2nd
quarter -January -March 2004)
None
b) Approval of Beneficiary Changes Plan (2nd quarter - January-
March 2004)
• None
c) Request for withdrawal of contributions (employees terminating
employment with Village of Tequesta Plan (2St quarter - January-
March 2004)
Janet Lampher -date of termination 3/29/04
$ 4,734.85
1,183.71
Total Gross $ 5,918.56
Christopher McKay - date of termination 4/5/04
$ 6,860.58
1,715.15
Total Gross $ 8,575.73
d) Ratification of withdrawals made since the last meeting on 2 signature
basis:
Business Services Connection $ 42.34
Federal Express $ 22.97
•
Agenda -Public Safety Officers' Pension Trust Fund Board Meeting
May 11, 2004
• VII. FINANCIAL REPORTS
a) Statement of Accounts (2nd Quarter -January -March, 2004) - Dan
Gallagher
b) Progress Report by Finance Department -Cash Flow Report for the
First Quarter (2nd Quarter -January -March 2004) - Dan Gallagher
c) Northstar Capital Management Investment Manager's Report (As of
March 31, 2004) -Peter V. Van Beuren
d) Report of Northstar Capital Management's transaction costs for a full
year both in dollars and as a percentage on total assets as requested at
2/10/04 meeting -Peter V. Van Beuren
VIII. PAYMENTS TO BE REVIEWED AND APPROVED
a) Northstar Capital Management, Inc. $4,560.00
b) Hansen, Perry & Jensen P.A. $2,142.49
• c) Business Services Connection
Public Safety Fund portion of services
For 4/21/04 joint meeting $ 112.90
IX. NEW BUSINESS
a) Contract with Bogdahn to provide monitoring services -Attorney
Bonni Jensen
b) Discussion of obtaining new actuarial study -Dan Gallagher
(No backup for this item)
c) Report of attendance at conference by Ed Sabin
(No backup for this item)
X. ANY OTHER MATTERS
XI. COMMUNICATIONS FROM CITIZENS
XII. ADJOURNMENT
• PLEASE TAKE NOTICE AND BE ADVISED: If any person decides to appeal any
decision made by this Board with respect to any matter considered at this meeting or
Agenda -Public Safety Officers' Pension Trust Fund Board Meeting
May 11, 2004
C7
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.
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