03-16-2015 City of Edgewater 104 N. Riverside Drive
Y g Edgewater, FL 32132
!!T'En Meeting Agenda
General Employee Pension Board
Monday, March 16,2015 11:00 AM Council Chambers
We respectfully request that all electronic devices are set for no audible notification.
1. CALL TO ORDER
2. ROLL CALL
3. PUBLIC COMMENTS
4. APPROVAL OF MINUTES
AR-2015-700 Approval of the December 15, 2014 quarterly meeting minutes.
Attachments: 12-15-14 Regular Meeting, DRAFT Minutes.pdf
5. NEW BUSINESS
AR-2015-702 Discussion of Senate Bill 1128.
Attachments: 01-26-15, Pension Salary Determination.Pdf
AR-2015-703 Discussion of DB restatement letters submitted from Ms. Julie Christine
and Ms. Donna Nichols.
Attachments: 01-29-15, Reinstatement letters.pdf
6. OLD BUSINESS
AR-2015-701 Discussion of two Council appointed Trustee positions.
AR-2015-709 Discussion of Salem Trust fee proposal.
7. REPORTS
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AR-2015-706 The Bogdahn Group, Jack Evatt, Performance Consultant, quarterly
report as of December 31, 2014 and memo dated 01-12-15 regarding a
change of internal control.
Attachments: 11-30-14, Executive Summary, Bogdahn Group.pdf
12-31-14 executive summary, Bogdahn Group.pdf
01-31-15, Executive Summary, Bogdahn Group.pdf
01-12-15. Memo from Bogdahn Group. Change of internal control.pdf
AR-2015-710 Foster& Foster, Inc., Doug Lozen, October 1, 2014 Actuarial Valuation
Report.
AR-2015-711 Christiansen & Dehner, Lee Dehner, Plan Attorney, legislative update.
8. PROCESSED DISBURSEMENTS/DEPOSITS
AR-2015-712 Christiansen & Dehner, professional legal fees as of January 31, 2015,
invoice 25986 - $266.04
Attachments: 01-31-15, invoice 25986. Lee Dehner.PDF
AR-2015-714 Foster and Foster, plan administration services, invoice 7000 -
$5,055.65
Attachments: 03-04-15, invoice 7000. Foster and Foster.pdf
AR-2015-715 Foster and Foster, actuarial services, invoice 7006 - $6,080.00
Attachments: 03-06-15, invoice 7006, Foster and Foster.pdf
AR-2015-716 Salem Trust Company, custodial services for quarter ending December
31, 2014, automatically deducted from account - $1,265.38
Attachments: 01-15-15, Salem Trust.pdf
AR-2015-713 Integrity Fixed Income, management fees for quarter ending December
31, 2014, invoice 1874 - $2,561.17
Attachments: 01-15-15, invoice 1874, Integrity Fixed Income.pdf
9. STAFF REPORTS,DISCUSSION,AND ACTION
AR-2015-717 Ferrell Jenne, Plan Administrator, discussion of letter dated 03-06-15,
Roger McFarland update, Gloria Graham repayment, and educational
opportunity.
AR-2015-704 03-06-15, Letter from Plan Administrator
Attachments: 03-06-15. Letter to the Board. Plan Administrator.pdf
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General Employee Pension Board Meeting Agenda March 16,2015
AR-2015-718 Educational Opportunity, Division of Retirement, June 2-4, 2015 in
Tallahassee, FL.
Attachments: Div of Retirement Trustee School Memo.pdf
10. TRUSTEES' REPORTS,DISCUSSION,AND ACTION
11. ADJOURN
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 ensure that a verbatim record of the proceedings is made. The City does not prepare or
provide such record.
In accordance with the Americans with Disabilities Act,persons needing assistance to participate in
any of these proceedings should contact City Clerk Bonnie Wenzel, 104 N. Riverside Drive, Edgewater,
Florida, telephone number 386-424-2400 x 1101, S days prior to the meeting date. If you are hearing
or voice impaired, contact the relay operator at 1-800-955-8771
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