12-15-2014Firefighters Pension Board
City of Edgewater
Meeting Agenda
104 N. Riverside Drive
Edgewater, FL 32132
Council Chambers5:00 PMMonday, December 15, 2014
We respectfully request that all electronic devices are set for no audible notification.
1. CALL TO ORDER
2. ROLL CALL
3. PUBLIC COMMENTS
4. APPROVAL OF MINUTES
Approval of September 15, 2014 Quarterly Board meeting minutes.AR-2014-493a.
5. NEW BUSINESS
Early implementation of GASB 68AR-2014-494a.
Summary Plan Description, last done in June 2008 by Foster & Foster,
Inc.
AR-2014-495b.
Resignation of Trustee Barbara Scott, Council Appointed Trustee.AR-2014-496c.
12-01-14, Resignation Email, Barbara Scott.pdfAttachments:
Discussion of Investment Policy Statement (IPS)AR-2014-497d.
IPS Draft 1.pdf
IPS (BH Fixed Addendum).pdf
11-12-14, Memo from Bowen Hanes re IPS change.pdf
Attachments:
6. OLD BUSINESS
7. REPORTS (ATTORNEY/CONSULTANTS)
Salem Trust, Brian Bizzell, Plan Custodian
Discussion of custodial feesAR-2014-523a.
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December 15, 2014Firefighters Pension Board Meeting Agenda
The Bogdahn Group, Jack Evatt, Performance Consultant
Quarterly report as of September 30, 2014AR-2014-498a.
09-30-14, Quarterly Report, Bogdahn Group.pdfAttachments:
Bowen, Hanes & Company, David Kelly, Investment Manager
Quarterly report as of September 30, 2014AR-2014-500a.
Sugarman & Susskind, Ken Harrison, Board Attorney
Discussion of IRS Determination letterAR-2014-530a.
Finalize DROP application, DROP distribution form, and DROP
procedures
AR-2014-531b.
DROP Application.pdf
DROP Distribution Application form.pdf
DROP-Procedures.pdf
Attachments:
8. PROCESSED DISBURSEMENTS / RETURN OF CONTRIBUTIONS / DEPOSITS
Sugarman & Susskind, professional legal services, September 2014
retainer, invoice 98737 - $750.00
AR-2014-502a.
09-08-14, invoice 98737, Sugarman Susskind.pdfAttachments:
Sugarman & Susskind, professional legal services, October 2014
retainer, invoice 99410 - $750.00
AR-2014-503b.
10-07-14, invoice 99410, Sugarman Susskind.pdfAttachments:
Sugarman & Susskind, professional legal services, November 2014
retainer, invoice 100203 - $750.00
AR-2014-504c.
11-05-14, invoice 100203, Sugarman Susskind.pdfAttachments:
Bowen, Hanes, & Company, management fees from July 1, 2014
through September 30, 2014 for equity portfolio - $9,119.72
AR-2014-505d.
10-01-14, Bowen Hanes.pdfAttachments:
Bowen, Hanes, & Company, management fees from July 1, 2014
through September 30, 2014 for fixed income portfolio - $3,185.86
AR-2014-506e.
10-01-14, Bowen Hanes.pdfAttachments:
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December 15, 2014Firefighters Pension Board Meeting Agenda
Salem Trust Company, custodian fees for July 1, 2014 through
September 30, 2014 - $1,271.00 (automatically charged to the account)
AR-2014-508f.
10-15-14, Salem Trust.pdfAttachments:
The Bogdahn Group, performance evaluation and consulting services
from October 1, 2014 through December 31, 2014, invoice 11155 -
$3,625.00
AR-2014-507g.
12-03-15, invoice 11155, Bogdahn Group.pdfAttachments:
Foster & Foster, plan administration services, Oct - Dec 2014 retainer
and meeting attendance, invoice 6689 - $4,853.10
AR-2014-509h.
12-02-14, invoice 6689, Foster and Foster.pdfAttachments:
Foster & Foster, actuarial consulting services, invoice 6696 - $2,454.00AR-2014-510i.
12-04-14, invoice 6696, Foster and Foster.pdfAttachments:
9. STAFF REPORTS, DISCUSSION, AND ACTION
Ferrell Jenne, Plan Administrator
2015 FPPTA Membership FeesAR-2014-532b.
Salem Trust Client ACH Authorization FormAR-2014-533c.
ACH_Client-Authorization-Final Form.pdfAttachments:
Fiscal year 2013-2014 records compliance statementAR-2014-534d.
RMLO compliance statement.pdfAttachments:
10. TRUSTEES' REPORTS, DISCUSSION, AND ACTION
11. ADJOURNMENT
Pursuant to Chapter 286, F.S., if an individual decides to appeal any decision made with respect to any
matter considered at a meeting or hearing, that individual will need a record of the proceedings and
will need to ensure that a verbatim record of the proceedings is made. The City does not prepare or
provide such record.
In accordance with the Americans with Disabilities Act, persons needing assistance to participate in
any of these proceedings should contact City Clerk Bonnie Wenzel, 104 N. Riverside Drive, Edgewater,
Florida, telephone number 386-424-2400 x 1101, 5 days prior to the meeting date. If you are hearing
or voice impaired, contact the relay operator at 1-800-955-8771
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