03-23-2015Firefighters Pension Board
City of Edgewater
Meeting Agenda
104 N. Riverside Drive
Edgewater, FL 32132
Council Chambers5:00 PMMonday, March 23, 2015
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 December 15, 2014 Quarterly Board meeting minutes.AR-2015-748
12-15-14 Regular Mtg, DRAFT Minutes.pdfAttachments:
5. NEW BUSINESS
Discussion of Senate Bill 1128.AR-2015-749
01-26-15, Pension Salary Determination Letter.pdfAttachments:
Discussion of Council Appointed Trustee.AR-2015-750
Discussion of Summary Plan Description (SPD).AR-2015-756
SPD, Draft.pdfAttachments:
6. OLD BUSINESS
IRS Determination Letter.AR-2015-753
7. REPORTS
Foster & Foster, Inc., Doug Lozen, October 1, 2014 Actuarial Valuation
Report.
AR-2015-755
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March 23, 2015Firefighters Pension Board Meeting Agenda
The Bogdahn Group, John Thinnes, Performance Consultant, quarterly
report as of December 31, 2014 and memo dated 01-12-15 regarding a
change of internal control.
AR-2015-754
01-12-15, Change of internal control memo.pdfAttachments:
Bowen, Hanes & Company, David Kelly, Investment Manager, quarterly
report as of December 31, 2014.
AR-2015-758
12-31-14, quarterly report, Bowen Hanes and Company.pdfAttachments:
Sugarman & Susskind, Ken Harrison, Plan Attorney, legislative update,
discussion of Salem Trust litigation, and SSAE audit report.
AR-2015-757
STIF Letter from Salem Trust.pdf
Letter to Edgewater FF BoT Responding to Salem Adverse Opinion.pdf
SSAE 16 - Salem Response.pdf
USFAS - SSAE 16 Report - FINAL.pdf
Attachments:
8. DISBURSEMENTS/DEPOSITS
Sugarman & Susskind, professional legal services, December 2014
retainer, invoice 100769 - $750.00
AR-2015-760
12-03-14, invoice 100769, Sugarman Susskind.pdfAttachments:
Sugarman & Susskind, professional legal services, January 2015
retainer, invoice 101547 - $750.00
AR-2015-761
01-12-15, invoice 101547, Sugarman Susskind.pdfAttachments:
Sugarman & Susskind, professional legal services, February 2015
retainer, invoice 102303 - $750.00
AR-2015-762
02-05-2015, Invoice 102303, Sugarman Susskind.pdfAttachments:
Sugarman & Susskind, professional legal services, March 2015 retainer,
invoice 103126 - $750.00
AR-2015-763
03-05-15, invoice 103126, Sugarman Susskind .pdfAttachments:
Salem Trust Company, custodian fees for October 1, 2014 through
December 31, 2014 - $1,250.00 (automatically charged to the account)
AR-2015-764
01-15-15, Salem Trust.pdfAttachments:
Bowen, Hanes, & Company, management fees from October 1, 2014
through December 31, 2014 for fixed income portfolio - $3,293.73
AR-2015-766
01-01-15, Oct through Dec quarter, Bowen Hanes.pdfAttachments:
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March 23, 2015Firefighters Pension Board Meeting Agenda
Bowen, Hanes, & Company, management fees from October 1, 2014
through December 31, 2014 for equity portfolio - $9,349.70
AR-2015-767
01-01-15, Oct through Dec quarter, Bowen Hanes.pdfAttachments:
Foster & Foster, plan administration services, January 1, 2015 - March
31, 2015 retainer and meeting attendance, invoice 6998 - $5,040.68
AR-2015-768
03-04-15, invoice 6998, Foster and Foster.pdfAttachments:
Foster & Foster, actuarial consulting services, invoice 7004 - $6,780.00AR-2015-769
03-06-15, invoice 7004, Foster and Foster.pdfAttachments:
9. STAFF REPORTS, DISCUSSION, AND ACTION
Ferrell Jenne, Plan Administrator, discussion of letter dated 03-06-15
and educational opportunity.
AR-2015-759
03-06-15, Letter to the Board, Plan Administrator.pdf
Div of Retirement Trustee School Memo.pdf
Attachments:
10. TRUSTEE REPORTS, DISCUSSION, AND ACTION
11. ADJOURN
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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