09-29-2004
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CITY OF EDGEWATER
POLICE PENSION BOARD
Regular Meeting
Wednesday, September 29, 2004
City Hall Conference Room
9:00 A.M.
CALL TO ORDER:
The Police Pension Board regular meeting was called to order on Wednesday, September
29,2004 at 9:10 a.m. in the City Manager's Conference Room.
ROLL CALL:
Members present were Kim Rash, Ferdinand Heeb, Bill Lenz, Brett Tanner. Rena Green
was excused. Also in attendance was Debby Sigler, Personnel Director.
APPROVAL OF MINUTES:
None at this time.
OLD BUSINESS:
There was discussion among the members concerning the Investment Policy. Chairman
Lenz agreed to give all the documents he has to Mr. Heeb and Mr. Heeb volunteered to
draft the policy.
NEW BUSINESS:
Brett Tanner was introduced as the new board member.
Mr. Heeb moved to elect Officer Rash as the board's secretarv. seconded bv Mr.
Tanner.
MOTION CARR1F.n 4-0.
Mrs. Sigler informed the board that the City wants to seek the services of an Independent
Performance Monitor to assist in the development and implementation of a strategy for
the management of all the City's Defined Benefit Plans. There was discussion among
the members.
Mr. Heeb moved to 20 forward with the Request for ProDosals for this service.
seconded bv Officer Rash.
MOnON CARR~D 4-0.
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Mrs. Sigler informed the members that due to correspondence from the State Retirement
Office concerning the premium tax monies, Attorney Ken Harrison from Sugerman and
Susskind has been assisting her on a retirement benefit issue.
Mr. Heeb moved to allow contact with Attorney Harrison to discuss the RFP as well
as this issue with the board. seconded by Officer Rash.
MOTION CARRIED 4-0.
There was discussion about a member attending the conference in Orlando next month
and perhaps having Attorney Harrison attend a board meeting while he is up in this area
for the conference.
Mr. Heeb moved to reimburse the eXDenses incurred by any trustee who attends the
trainin2leducation Pension conference. seconded by Mr. Tanner.
MOTION CARRIED 4-0.
Chairman Lenz brought it to the board's attention that a former police officer wants
assistance in obtaining the contributions made to the police pension during her
employment. The Personnel Department was advised by Principal that she is not eligible
for those monies because she is still employed by the City in another department.
Mr. Heeb moved to refer this to Attorney Harrison. seconded by Officer Rash.
MOTION CARRIED 4-0.
MISCELLANEOUS:
None at this time
ADJOURNMENT:
Mr. Heeb moved to adiourn. seconded by Officer Rash.
MOTION CARRIED 4-0.
Meeting adjourned 10:20 a.m.
Minutes prepared by the Personnel Department.