03-28-2007
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EDGEW A TER POLICE PENSION BOARD
REGULAR MEETING
March 28, 2007
City Hall Conference Room
Minutes
CALL TO ORDER:
Chairman Conroy called The Police Pension Board Regular Meeting to order on
Wednesday March 28, 2007 at I :00 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, Melecia Williams, Ferdinand Heeb, and
Lawrence Leaf A quorum was established. Also present were Jack Asher! agent of
record, John Asher!, Jim Robinson with Principal, and William Bennett
APPROVAL OF MINUTES:
Secretary Blazi called for a review and approval of the Minutes for the February 28,2007
Edgewater Police Pension Board Regular Meeting.
MOTION
Malecia Williams made a motion to accept the minutes as read. Lawrence Leaf seconded
this motion.
Motion carried unanimouslv
NEW BUSINESS:
Fund Statement
Jack Asher! presented the fund statement 10-01-06 through 02-28-07. Jack Asher! then
showed the breakdown on the performance of individual investments within the plan.
Discussion followed.
Chairman Conroy asked about percentages in eqUItIes, as opposed to Bonds. The
aggressiveness of the plan was also discussed, and questions were raised as to whether
the current plan was keeping within the scope of FL Statute in the regulation of pension
plans. Jim Robinson advised that a broadening of the language in the investment policy
statement could help resolve some of these concerns.
MOTION
Ferdinand Heeb made a motion that Chairman Conroy work with the consultant to amend
language in the investment policy statement for Board Review. Chairman Conroy
seconded the motion.
Motion carried unanimouslv