HomeMy WebLinkAboutAgenda_Pension General_08/04/2008BOARD OF TRUSTEES
TEQUESTA GENERAL EMPLOYEES'
PENSION TRUST FUND
REGULAR QUARTERLY BOARD MEETING
TO BE HELD IN THE VILLAGE HALL
345 TEQUESTA DRIVE, TEQUESTA, FLORIDA
MONDAY, AUGUST 4, 2008
12:00 Noon
* Asterisk indicates no backup provided prior to agenda deadline
I. CALL TO ORDER AND ROLL CALL
Chair Michael D. Rhodes
Secretary Carl Hansen
Board Member Archie Mangum
Board Member Michael R. Couzzo, Jr.
Board Member Deanna Mayo
Attorney Bonni Jensen
Pension Coordinator Lori McWilliams
Dave West, Bogdahn Consulting LLC -Monitor
Steve Palmquist, Gabriel, Roeder, Smith & Company -Actuary
Dana Representative, Dana Investment Advisors, Inc., -Investment Manager
II. APPROVAL OF AGENDA
III. SWEARING IN
1. *New Board Member Deanna Mayo to be sworn in -
Village Clerk Lori McWilliams
IV. APPROVAL OF MINUTES
2. Tequesta General Employees' Pension Trust Fund Board Of Trustees
Quarterly Meeting Minutes -May 5, 2Q08
VI. PRESENTATIONS
(PRESENTATION BOOKLETS LOCATED INSIDE BACK COVER OF AGENDA
BOOK)
3. Presentation by Actuary on Asset Smoothing- Steve Palmquist, Gabriel,
Roeder and Smith Comparry
Agenda -General Employees' Pension Trust Fund Boazd Meeting
August 4, 2008
4. Discussion on Proposed Pension Changes -Steve Palmquist, Gabriel,
Roeder and Smith Company
5 Presentation by Investment Manager -Dana Investment Advisors
Representative
6. Presentation By Monitor- Dave West, Bogdahn Consulting, LLC
VII. UNFINISHED BUSINESS
2
7. Comparison between a 2.2% multiplier and a 3% COLA -Steve
Palmquist, Gabriel, Roeder and Smith Company and Board Member Michael
R. Couzzo, Jr.
8. Cost of annual actuarial reports as requested by the Board at their
August 7, 2007 meeting -Steve Palmquist, Gabriel, Roeder and Smith
Company
VIII. CONSENT AGENDA
9. Ratification Of Invoices Paid Since Last Quarterly Meeting:
• Business Services Connection, Inc. -
Recording and minutes of 5.5.08 meeting $ 331.31
• Hanson, Perry & Jensen, P.A.
• Gabriel Roeder Smith & Company
Balance of fee for actuarial report
10. Payments To Be Reviewed And Approved:
• Hanson, Perry & Jensen, P.A.
Through 7/15/08
• Bogdahn Consulting, LLC
• Dana Investment Advisors
$ 696.89
$ 1,509.00
$ 529.50
$ 1,125.00
$ 1,416.78
• Gabriel Roeder Smith & Company $ 2,478.00
06/06/08 letter re: effect of investment
earnings on required Village contributions;/
6/5/08 supplemental actuarial valuation report
Re: cost of living adjustments;
Agenda -General Employees' Pension Trust Fund Board Meeting
August 4, 2008 3
Preparation of 2 schedules for Summary Plan
Description
11. Approval of new applicants for participation in Pension Plan:
Evelyn Shields Accounting Clerk II Hired 5/12/08
John D. Kupor Water Distribution Service Tech Trainee Hired 5/12/08
12. Approval of withdrawal of contributions:
Debra Espinosa Dispatcher (went to part-time) $1,279.22 Gross;
withholding $255.84; Net $1,023.38
Marsha Ra.gozzino Accounting Clerk 438.42 Gross; withholding $87.68;
Net $350.74
13. Statement of Activities
END OF CONSENT AGENDA
IX. BUDGET REPORT
14. *Transferring compensation for Betty Laur, Pension Board Recording
Secretary -Pension Coordinator Lori McWilliams
15. IRS Mileage Rate Increase -Attorney Bonni Jensen
16. Review of Quarterly Budget Report and Two-Year History -Senior
Accountant Monica Rahim and Finance Director JoAnn Forsythe
X. NEW BUSINESS
17. Review Updated Summary Plan Description -Attorney Bonni Jensen
18. Recent Legislative Changes -Federal and State Legal Updates -Attorney
Bonni Jensen
19. Recent Legislative Changes - H.R. 6081 -Attorney Bonni Jensen
20. Recent Legislative Changes -IRS Determination Letters -Attorney Bonni
Jensen.
XI. ANY OTHER MATTERS
Agenda -General Employees' Pension Trust Fund Board Meeting
August 4, 2008 4
XII. COMMUNICATIONS FROM CITIZENS
XIII. 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 SENT OUT
MONTHLY VIA E-MAIL AND ARE AVAILABLE IN THE VILLAGE CLERK'S
OFFICE.