HomeMy WebLinkAboutAgenda_Pension Public Safety_08/04/2008AGENDA
BOARD OF TRUSTEES
TEQUESTA PUBLIC SAFETY OFFICERS'
PENSION TRUST FUND
REGULAR QUARTERLY BOARD MEETING
TO BE HELD IN THE VILLAGE COUNCIL CHAMBERS
VILLAGE HALL
345 TEQUESTA DRIVE, TEQUESTA, FLORIDA
MONDAY, AUGUST 4, 2008
10:00 A.M.
* Asterisk indicates no backup provided prior to agenda deadline
L CALL TO ORDER AND ROLL CALL
Chair Ken Nielson
Secretary Ray Giblin
Board Member Ed Sabin
Board Member David Cooper
Board Member Robert Young
Attorney Bonni Jensen
Pension Coordinator Lori McWilliams
Dave West, Bogdahn Consulting LLC -Monitor
Steve Palmquist, Gabriel, Roeder, Smith & Company -Actuary
Anthony Brown, Rockwood Capital Advisors, LLC - Investment
Manager
II. APPROVAL OF AGENDA
III. SWEARING IN
1. *New Board Member Robert Young to be sworn in -Approved by
Village Council May 8, 2008 -Village Clerk Lori 1LfcWilliams
IV. APPROVAL OF MINUTES
Z. Tequesta Public Safety Officers' Pension Trust Fund Board of
Trustees Quarterly Meeting Minutes -May 5, 2008
Agenda -Public Safety Officers' Pension Trust Fund Board Meeting
August 4, 2008 2
V. PRESENTATIONS*
* [PRESENTATION/REPORT BOOKLETS LOCATED INSIDE BACK
COVER OF AGENDA BOOK]
3. Presentation by Actuary Asset Smoothing- Steve Palmquist, Gabriel,
Roeder and Smith Company
4. Presentation By Monitor- Dave West, Bogdahn Consulting, LLC
5. Presentation by Investment Manager -Tony Brown, Rockwood Capital
Advisors, LLC
VI. UNFINISHED BUSINESS
6. Status Report regarding reducing Firefighters' contribution back to
5% -Secretary Ray Giblin and Pension Coordinator Lori McWilliams
7. Pensionable items list -requested by the board at their 5/5/08
quarterly meeting -Attorney Bonni Jensen and HR Director Merlene
Reid
VII. STANDING REPORTS (INFORMATION ITEMS)
8. New applicants for participation in Pension Plan
Gerald F. Pitocchelli Police Officer -Hired 5/12/08
9. Beneficiary and Name Change
None
10. Request for withdrawal of contributions (employees terminating
employment with Village of Tequesta) -Ratification of withdrawals
made since the last meeting on 2 signature basis:
None
11. Statement of Activities
VII. PAYMENTS TO BE RATIFIED (PAYMENTS MADE SINCE LAST
MEETING)
12. Hanson, Perry & Jensen, P.A.
Services through 5/15/08 $ 525.94
Agenda -Public Safety Officers' Pension Trust Fund Board Meeting
August 4, 2008
Business Services Connection, Inc.
Recording/Preparation of 5/5/08 minutes 271.86
Gabriel, Roeder Smith & Co.
Balance due for 10/1/07 Actuarial Report &
Benefit Statements 4,598.00
VIII. PAYMENTS TO BE REVIEWED AND APPROVED
13. Hanson, Perry & Jensen, P.A.
Services through 7/15/08 572.75
Bogdahn Consulting, LLC
Fee for Quarter ending 3/30!08 2,000.00
Rockwood Capital Advisors, LLC
Fee for Quarter ending 3/31/08 5,695.69
Gabriel Roeder Smith & Company
Actuarial Services through 6/30/08 835.00
IX. NEW BUSINESS
14. IRS mileage rate increase -Attorney Bonni Jensen
15.. Review Revised Summary Plan Document -Attorney Bonni Jensen
16. *Transferring compensation for Betty Laur, Pension Board
Recording Secretary -Pension Coordinator Lori McWilliams
17. Budget Report -Senior Accountant Monica Rahim
18. Proposed Pension Changes -Steve Palmquist, Gabriel, Roeder, Smith &
Company
19. Recent Legislative Changes -Federal and State Legal Updates -
Attorney Bonni Jensen
20. Recent Legislative Changes - H.R. 6081-Attorney Bonni Jensen
3
21. Recent Legislative Changes IRS Determination Letters- Attorney
Bonni Jensen
Agenda -Public Safety Officers' Pension Trust Fund Board Meeting
August 4, 2008 4
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
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.
REMINDER: Salem Trust Financial Statements are available for review in the
Village Clerk's Office