06-07-2010
CITY OF EDGEW A TER
GENERAL EMPLOYEES' PENSION BOARD OF TRUSTEES QUARTERLY MEETING
CITY HALL CONFERENCE ROOM
104 N. Riverside Drive, Edgewater, Florida 32132
Edgewater, Florida 32132
AGENDA
Monday, June 7, 2010 - 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 neei/ 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 10 participate in any of these proceedings should contact
City Clerk Bonnie Wenzel, 386-424-2400, Ext# I 10J, prior to the meeting.
I. CALL TO ORDER/ROLL CALL/DETERMINA TION OF A QUORUM
II. APPROVAL OF MINUTES - March 15,2010 Quarterly Meeting; May 10,2010 Special
Meeting
III. NEW BUSINESS
I. Discussion on actuarial services - Principal service agreement
2. Principal Supplemental Services Agreement - preparation of 1099-Misc. forms
IV. OLD BUSINESS
V. REPORTS (ATTORNEY/CONSULTANTS)
1. Foster & Foster. Actuary
2. The Bogdahn Group, Performance Consultant
. Quarterly report - March 31, 2010
3. H. Lee Dehner, Plan Attorney
. Consideration of fee increase ($325/hour for legal services; $162.50/hour
travel time) as of July 1, 2010, with 4% annual increase each year,
beginning July 1,2011
4. Sheila Hutcheson, Plan Administrator
. Preparation of terminated vested statements by Foster & Foster
($ 150/statement)
VI. PROCESSED DISBURSEMENTSIRETURN OF CONTRIBUTIONS/DEPOSITS
DISBURSEMENTS
1. Sheila Hutcheson, plan administration fees - $3,300.00 ($11 OO/month);
postage/mileage expense - $11.30
2. Christiansen & Dehner, professional legal fees - $232.70, $2,100.71
3. The Bogdahn Group, performance consultant fees, 151 quarter, 2010 - $3625.00
4. Foster & Foster, professional services - $16,065.00
5. Joe Manzi, commencement of retirement as of April 1, 2010 - retiree's lifetime with
66 &2/3% survivor option, with refund of member contribution
6. Curtis Oelrich (terminated, vested employee) - commencement of early retirement
as of May 1,2010 retiree's lifetime option
7. Tyna Lynn Hilton, commencement of retirement as of February 1,2010 - retiree's
lifetime with 100% survivor option, with refund of member contribution
DEPOSITS
None
CITY OF EDGEW A TER
GENERAL EMPLOYEES' PENSION BOARD OF TRUSTEES QUARTERLY MEETING
CITY HALL CONFERENCE ROOM
104 N. Riverside Drive, Edgewater, Florida 32132
Edgewater, Florida 32132
AGENDA
Monday, June 7, 2010 - 11:00 A.M.
Page 2 '
VII. STAFF REPORTS, DISCUSSION, AND ACTION
VIII. TRUSTEES' REPORTS, DISCUSSION, AND ACTION
IX. REQUESTS FROM THE PUBLIC/EMPLOYEES PRESENT
X. ADJOURNMENT