12-01-2005
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EDGEW A TER POLICE PENSION BOARD
REGULAR MEETING
Monday November 7, 2005
City Hall Conference Room
Minutes
CALL TO ORDER:
Chairman Gary Conroy called The Police Pension Board Regular Meeting to order on
Wednesday December 1, 2005 at 1 :03 p.m. in the City Hall Conference Room.
ROLL CALL:
Secretary Dan Blazi conducted the Roll Call for the Police Pension Board Meeting.
Members present were Gary Conroy, Rene Green, Malecia Williams, and Dan Blazi. A
quorum was established. Also present was Jack Ached Agent of Record.
APPROVAL OF MINUTES:
Chairman Conroy called for an approval of the Minutes for the November 7, 2005
Edgewater Police Pension Board Regular Meeting.
MOTION:
Rene Green made a motion to accept the minutes as read. Malecia Williams seconded
this motion.
Motion Carried Unanimously
OLD BUSINESS:
There was no Old Business noted that needed to be discussed during this meeting.
NEW BUSINESS:
Presentation from Jack Acherl
Jack Ached Agent of Record presented to the Board the Principal Fund Selection Service
Annual Report. The report included a Plan Performance Review, Asset Allocation
Review, Separate Account Performance and Disclosures, and Economic and market
Review. Jack Ached went into each area in detail, for Board review of the service. Jack
Ached then presented the Fund Statement for 10-01-05 through 10-31-05.
Bill from Attorney
Chairman Conroy presented the Bill from Harrison in reference to work conducted for
the Board. The bill was for $1,350. The Board reviewed the bill to help ensure no
discrepancies were present.
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MOTION:
Malecia Williams made a motion to have the bill paid. Dan Blazi seconded this motion.
Motion Carried Unanimously
Selection of New Pension Board Trustee
Chairman Conroy presented several candidates to be selected as the New Pension Board
Trustee, to be voted for by the Board. The Board reviewed all of the candidates in detail,
and discussion as to the best candidate was initiated. After lengthy discussion, the Board
narrowed down the field of candidates to the two most likely to be able to give full
service to the Board, combined with having the most interest in serving as a Board
Member.
MOTION:
Dan Blazi made a motion to accept Mr. Lawrence Leaf as the New Pension Board
Trustee, with Charles Crampo listed as a secondary choice in the event Mr. Leaf could
not fulfill the obligation. Malecia Williams seconded the motion.
Motion Carried Unanimously
Miscellaneous Informal Discussion
The table was then opened to miscellaneous discussion on several ideas to improve the
Pension Board services and procedures. The discussion was for brainstorming purposes,
and no formal motions were made. Topics discussed were the upcoming Pension Board
Trustees Seminar, exploration into the possibility of having a Pension Board credit card
for the purposes of training seminars, and exploration into the possibility of payments for
Buy Back as opposed to a lump sum payment in reference to the proposed Drop Plan.
ADJOURNMENT:
MOTION:
With no further business to discuss, Dan Blazi made a motion to adiourn. Rene Green
seconded the motion.
Motion Carried Unanimously
The meeting was adjourned at 2:30 p.m.
Minutes submitted by: Secretary Dan Blazi
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