04-12-2006 - Special *tor Nossy
GENERAL EMPLOYEES PENSION BOARD
SPECIAL MEETING
April 12, 2006
City Hall Conference Room
Minutes
CALL TO ORDER:
The General Employees Pension Board meeting was called to order by Christi Moeller at
12:00 p.m. in the City Hall Conference Room.
ROLL CALL:
Members present were Brenda Johnson, Robert Polizzi, Christi Moeller, Jon Williams,
and Rob DeLoach. Harriet Rhodes and Tyna Hilton were excused. Also present were
Deborah Sigler; Personnel Director, Jack Ascherl; Agent of Records, and John Ascherl;
Principal Financial Group, Joe Bogdhan and Mike Welker; Bogdhan Consultants, and
Brad Heinrichs; Foster and Foster, Inc. Ken Hooper joined the meeting at a later time.
APPROVAL OF MINUTES:
Since this was a special meeting there will be no other minutes at this time.
NEW BUSINESS:
PRESENTATION BY BOGDAHN CONSULTANTS
Christi turned the meeting over to Joe Bogdhan who talked about the City's drop
provisions where employees retire from the plan, become a retiree and continue to work
for the City. Mr. Bogdhan then turned the meeting over to Brad Heinrichs of Foster and
Foster, Inc. to make his presentation to the Board members about the investment policy.
Mr. Heinrichs advised he had not received a copy of the City policy to go over but
presented the Board with examples of investment policies.
Christi Moeller requested an agenda item for the next meeting of discussing for
unbundling the investments having separate actuary from the investment.
MOTION: Jon Williams made a motion to place this item on the agenda for
discussion to address the possibility of unhundlin • • • r ' • Is �
evaluate the current plan documents. Brenda Johnson seconded the motion.
Meeting date was set for May 17 2006 at 10:00 a.m..
ADJOURNMENT:
With no further business to discuss the meeting was adjourned at 1:34 p.m.
Minutes submitted by: Personnel Department