05-13-2003 "err►' yr'
Edgewater General Employees Pension Board
Regular Meeting
Tuesday, May 13, 2003
9:00 a.m.
Minutes
CALL TO ORDER;
Recording Secretary Donna Looney called the General Pension Board Regular Meeting to
order on Tuesday, May 13, 2003 at 9:03 a.m. in the City Hall Conference Room.
ROLL CALL:
Members present were: Eric Bosse', Jack Corder, Kathy Cornelius Tyna Hilton and Mike
Tenney. Chairman Harriet Rhodes was absent. Also present was Tim Hollinger, JeffPaine,
JeffFreude Principal Financial Group, Debby Sigler, Personnel Director, John Volkmann and
Donna Looney, Recording Secretary.
APPROVAL OF MINUTES:
None at this time.
OLD BUSINESS:
None at this time
NEW BUSINESS:
Mr. Hollinger presented the City a 25 -year plaque from Principal Financial Group.
Mr. Hollinger reviewed the 10/01/02 — 03/31/03 Fund Statement.
Mr. Paine handed out and reviewed the Investment Review May 2003 (see attached).
The Board discussed with Principal representatives the Principal Separate Account.
Eric Bosse' made a motion to maintain a five percent (5 %) level in the Principal
Separate Account and reinvest back using the fund selection target. second by Jack
Corder.
The MOTIOI ("ARRIFD
MISCELLANEOUS:
None at this time
ADJOURNMENT:
With no further business Jack Corder made a motion to adjourn, second by Eric Bosse'.
Meeting adjourned 9:50 a.m.
Minutes submitted by:
Personnel Department