06-20-2007
,
, ,
Q
EDGEW ATER POLICE PENSION BOARD
REGULAR MEETING
JUNE 20, 2007
City Hall Conference Room
Minutes
CALL TO ORDER:
Chairman Comoy called The Police Pension Board Regular Meeting to order on
Wednesday June 20, 20071:08 p.m. in the City Hall Conference Room.
ROLL CALL:
Secretary Blazi conducted the Roll Call for the Police Pension Board Meeting. Members
present were Gary Conroy, Daniel Blazi, and Melecia Williams. A quorum was
established. Also present were Jack Asher! agent of record, Attorney Lee Dehner, and
Dee Finneran of Principal.
APPROVAL OF MINUTES:
Chairman Conroy called for a review and approval of the Minutes for the April 5, 2007
regular Edgewater Police Pension Board Regular Meeting, and for the March28, 2007
Edgewater Police Pension Board Special Meeting.
Q MOTION
Malecia Williams made a motion to accept the minutes as read. Daniel Blazi seconded
this motion.
Motion carried unanimouslv
NEW BUSINESS:
New Board Attorney
Attorney Lee Dehner introduced himself to the Board as a possible choice for a new
board attorney. Attorney Dehner talked to the Board about his services, and stated that
his office would process the requests of the Board in as timely a manner as possible.
Attorney Dehner showed that his office only deals with municipal pensions, and that their
clientele was specialized, and therefore the service would be specialized. Attorney
Dehner also talked about rules and procedures for disability applications.
o
MOTION
Malecia Williams made a motion that Lee Dehner be retained as the new Board Attorney
Office. and to terminate Sugarman and Susskind as the board Attorneys. Dan Blazi
seconded this.
Motion carried unanimouslv
r- 4
o
'->
Q
Miscellaneous
Chairman Conroy informed the Board that we had received three notices from the
Division of Retirement that the Pension Board was late with the annual report. Malecia
Williams stated that the report had been sent to the Division of Retirement.
Chairman Conroy told the Board about the upcoming Division of Retirement Conference
in St. Petersburg October 22nd through the 24th. Further discussion on the Conference
was tabled for later meetings.
The topic of Fiduciary Insurance was discussed. Lee Dehner would review and make
recommendations for Insurance for the Board.
Chairman Conroy submitted the report from Bogden Consulting for review.
OLD BUSINESS
Fund Statement
Jack Ascher! presented the Fund Statement for 10-01-06 through 05-31-07. The fund had
a net balance of$7, 708,000.
Further discussion occurred in reference to buyback issues, and the drop plan issues. Lee
Dehner asked to review the Pension Plan to see if any changes in language were needed.
Miscellaneous
Discrepancies in the retirement for Joe Sustrich were discussed.
Previous discrepancies in reference to administrative issues involving retired officers
were also discussed.
Chairman Conroy announced that he would be stepping down a Chairman for the Pension
Board. Chairman Conroy would still be a board member. Secretary Blazi would be
setting the next meeting, in which the Board would elect a new Chairperson.
ADJOURNMENT:
With no further business to discuss, Chairman Conroy called for a motion to adjourn.
MOTION
Dan Blazi made a motion to adiourn. Malecia Williams seconded this motion.
Motion carried unanimouslv
The meeting was adjourned at 3:00 p.m.
Secretary Dan Blazi
~~.
2