06-11-2012 CITY OF EDGEWATER
GENERAL EMPLOYEES' PENSION BOARD OF TRUSTEES QUARTERLY MEETING
CITY HALL CONFERENCE ROOM
104 N. Riverside Drive, Edgewater, Florida 32132
AGENDA
Monday, June 11, 2012 - 11:00 A.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.
I. CALL TO ORDER/ROLL CALL/DETERMINATION OF A QUORUM
II. APPROVAL OF MINUTES - March 19, 2012 Quarterly Meeting
HI. NEW BUSINESS /OLD BUSINESS
IV. REPORTS (ATTORNEY /CONSULTANT)
1. The Bogdahn Group, Performance Consultant
• Quarterly report - March 31, 2012
2. H. Lee Dehner, Plan Attorney
• Status Report - Issues with Principal
• Financial Disclosure Forms due on July 1, 2012
3. Sheila Hutcheson, Plan Administrator
• Linda Moore's retirement benefit (direct fund) reinstated and retroactive
payments made
• Determination of Plan's funding basis for Valuation: fixed dollar amount
or percentage of payroll
V. PROCESSED DISBURSEMENTS/RETURN OF CONTRIBUTIONS/DEPOSITS
DISBURSEMENTS
1. Sheila Hutcheson, plan administration fees - $4,500.00 ($1500 /month); mileage
expense - $11.10
2. Christiansen & Dehner, professional legal fees, $203.95; $1,384.25
3. The Bogdahn Group, performance consultant fees, 1 quarter, 2012 - $3,625.00
4. Foster & Foster, actuarial services - $987.00
5. Brenda Dewees, commencement of normal retirement as of Jan. 1, 2012 - retiree's
lifetime with first 120 payments guaranteed, with member contribution rollover
6. Matthew Hopson, commencement of normal retirement as of May 1, 2012 -
retiree's lifetime with joint/75% survivor option with member contribution refund
7. Christy Mathewson, commencement of normal retirement as of June 1, 2012 -
retiree's lifetime with joint/100% survivor option with member contribution
refund
DEPOSITS - None
VI. STAFF REPORTS, DISCUSSION, AND ACTION
VII. TRUSTEES' REPORTS, DISCUSSION, AND ACTION
VIII. REQUESTS FROM THE PUBLIC/EMPLOYEES PRESENT
IX. ADJOURNMENT