03-16-2009
CITY OF EDGEW ATER
POLICE OFFICERS' PENSION BOARD OF TRUSTEES QUARTERLY MEETING
CITY HALL CONFERENCE ROOM
104 N. Riverside Drive, Edgewater, Florida 32132
AGENDA
Monday, March 16,2009 - 11:00 A.M.
Pursuant to Chapter 286, F.S., if an individual decides to appeal any decision made with respect to any mailer considered at a meeting or
hearing, that individual will need a record of the proceedings and will need to insure that a verbatim record of the proceedings is made. In
accordance with the Americans with Disabilities Act. persons needing assistance to participate in any of these proceedings should contact
City Clerk Bonnie Wenzel. 386-424-2400 Ext# 1101, prior to the meeting.
I.
CALL TO ORDER
II.
ROLL CALLillETERMINATION OF A QUORUM
III.
APPROVAL OF MINUTES - Quarterly Meeting - December 11, 2008; Special
Meeting - January 20, 2009
IV.
NEW BUSINESS
1. Principal contract amendment (November 2008) for approval/execution
2. Discussion/action: Review of Principal Plan Document provision for member
contribution refund with reduced retirement benefit (related to retirement
calculation issues)
3. Heart Act Operational Summary (Principal)
4. Recommendation to City Council: reappointment of Trustee Ferd Heeb (current
term ends on May 21, 2009)
V.
REPORTS (ATTORNEY/CONSULTANTS)
1. The Bogdahn Group, Performance Consultant
2. Foster & Foster, Actuary
· Presentation: 2008 valuation; updated benefit improvements cost study; and
13 th check benefit discussion
3. H. Lee Dehner, Plan Attorney
. Information by Attorney regarding time frame/steps for severance from
Principal for consideration of termination of contract with Principal
4. Sheila Hutcheson, Plan Administrator
VI. OLD BUSINESS
VII. PROCESSED DISBURSEMENTSIRETURN OF CONTRIBUTIONS and
DEPOSITS
. DISBURSEMENTS
1. Christiansen & Dehner, professional legal fees, December 31, 2008 - $1329.31;
January 31, 2009 - $580.00
2. Sheila Hutcheson, plan administration fees, December, 2008 & January, February,
2009 - $2700.00 ($900/month); postage/mileage expense - $47.94
3. The Bogdahn Group, performance consultant fees, 4th quarter, 2008 - $2500.00
4. FPPT A membership dues, 2009 - $600.00
5. American Express (credit card statement) - $340.69; $898.75; $570.35
6. IRS qualification filing fee - $1000.00
7. Phil Niebieski, Commencement of DROP as of January 1,2009 Uoint and 100%
survivor option)
· DEPOSITS
None
CITY OF EDGEW A TER
POLICE OFFICERS' PENSION BOARD OF TRUSTEES QUARTERLY MEETING
CITY HALL CONFERENCE ROOM
104 N. Riverside Drive, Edgewater, Florida 32132
AGENDA
Monday, March 16,2009 - 11 :00 A.M.
Page 2
VIII. STAFF REPORTS, DISCUSSION, AND ACTION
IX. TRUSTEES' REPORTS, DISCUSSION, AND ACTION
. Chairman's report - NAPO conference
X. REQUESTS FROM THE PUBLICIEMPLOYEES PRESENT
XI. ADJOURNMENT