12-10-2012 CITY OF EDGEWATER
POLICE OFFICERS' PENSION BOARD OF TRUSTEES QUARTERLY MEETING
CITY HALL CONFERENCE ROOM
104 N.Riverside Drive, Edgewater, Florida 32132
AGENDA
Monday, December 10, 2012 - 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- Quarterly Meeting - September 17,2012
III. NEW BUSINESS-Administrative Budget Report
IV. OLD BUSINESS
V. REPORTS (ATTORNEY/CONSULTANTS)
1. The Bogdahn Group, Performance Consultant
• Quarterly report- September 30, 2012
• Review of Investment Policy Statement(IPS)
2. Lee Delmer, Plan Attorney
• Status Report- Issues with Principal
3. Sheila Hutcheson, Plan Administrator
• FPPTA membership will be renewed for 2013 - $600.00
• Quarterly meeting dates for 2013 (Mondays at 11:30 p.m.):
March 18, 2013
June 17, 2013
September 16, 2013
December 16,2013
• Salem Trust Authorized Signer Forms
• Spouse Beneficiary Forms
VI. PROCESSED DISBURSEMENTS/RETURN OF CONTRIBUTIONS and
DEPOSITS
• DISBURSEMENTS
1. Christiansen& Delmer,professional legal fees - $1,194.24, $135.20
2. Sheila Hutcheson, plan administration fees - $4,500.00 ($1500/month); mileage
expense - $11.10
3. The Bogdahn Group,performance consultant fees, 3rd quarter, 2012 - $3,625.00
4. JoAnne Winston, commencement of normal retirement as of October 1, 2012
(lifetime with member contribution refund)
5. Pension fiduciary insurance premium for FY12/13 policy- $2,266.23
6. Marci Kaye,refund of member contribution(terminated,vested member) -
$18,903.14 (with entitlement to future early or normal retirement at a
correspondingly reduced amount)
7. Foster& Foster, actuarial services - $716.00
• DEPOSITS-none
VII. STAFF and TRUSTEES' REPORTS,DISCUSSION,AND ACTION/REQUESTS
FROM THE PUBLIC/EMPLOYEES PRESENT
VIII. ADJOURNMENT