12-13-2010CITY OF EDGEWATER
POLICE OFFICERS PENSION BOARD OF TRUSTEES QUARTERLY MEETING
CITY HALL CONFERENCE ROOM
104 N. Riverside Drive, Edgewater, Florida 32132
AGENDA
Monday, December 13, 2010 - 1:30 P.M.
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 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.
L CALL TO ORDER/ROLL CALL /DETERMINATION OF A QUORUM
II. APPROVAL OF MINUTES - September 13, 2010 Quarterly Meeting and October
27, 2010 Joint Special Meeting
III. NEW BUSINESS
1. Discussion: Investment Questionnaire completed for Principal in 2005
2. Discussion: frequency of attendance /reports by Principal; investment strategy for
the benefit index funds (Note: these items were to be discussed with Principal, but
they advised they are unable to attend)
IV. OLD BUSINESS
V. REPORTS (ATTORNEY /CONSULTANTS)
1. Jack Evatt, The Bogdahn Group, Performance Consultant
• Quarterly report - September 30, 2010
2. H. Lee Delmer, Plan Attorney
• Consideration of retainer agreement with Milberg
3. Sheila Hutcheson, Plan Administrator
2011 meeting dates - March 14, June 13, September 19, and December 12 (all
meetings begin at 1:30 p.m.)
VL PROCESSED DISBURSEMENTS /RETURN OF CONTRIBUTIONS and
DEPOSITS
• DISBURSEMENTS
1. Christiansen & Delmer, professional legal fees - $1,210.28, $1,410.10
2. Sheila Hutcheson, plan administration fees - $3,300.00 ($1,100 /month);
postage /mileage expense - $21.05
3. The Bogdahn Group, performance consultant fees, 3r quarter, 2010 - $3625.00
4. American Express (credit card statement) - $800.00, $2,566.77
5. Kristin Kingston, refund of non - vested member contribution - $9,668.64
6. Nicholas Vincenzi, refund of non - vested member contribution - $7,524.28
7. Jeff Leuenberger, refund of member contribution (terminated, vested member) -
$1,097.57 (with reduced future retirement)
8. Foster & Foster, actuarial services - $2,055.00
• DEPOSITS
2009 Premium Tax Distribution - $125,155.52
VII. STAFF REPORTS, DISCUSSION, AND ACTION
VIII. TRUSTEES REPORTS, DISCUSSION, AND ACTION
IX. REQUESTS FROM THE PUBLIC /EMPLOYEES PRESENT
X. ADJOURNMENT