01-24-2006
Edgewater Firefighter's Pension Fund
Regular Meeting
January 24, 2006
Edgewater Fire Rescue Station 57
2626 Hibiscus
5:30 p.m.
CALL TO ORDER:
Chairman Jollie called to order the regular meeting of the Edgewater
Firefighters' Pension Fund Board on Janury 24, 2006 at 5:31 p.m. at
Edgewater Fire Rescue Station 57.
ROLL CALL:
Members present were Chairman Jim Jollie, Co-Chairman Ron Hayward,
Laura Reilly, Gary Butt, and Marty Tse. Also present was Mr. Doug
Lozan of Foster & Foster and Shontella Jackson, Recording Secretary.
APPROVAL OF MINUTES:
The minutes of the October 11, 2005 meeting was submitted for
approval. MOTION bv Gary Butts. SECOND bv Mary Tse to approve
the minutes of Rel!Ular Ede:ewater Firefie:hter's Pension Board on
October 11. 2005. MOTION CARRIED UNANIMOUSLY.
NEW BUSINESS:
Foster & Foster presentation and evaluation report
. Mr. Doug Lozan presented the annual evaluation and gave a brief
overview of the report. Mr. Lozan suggested some recommendation to
the Board regarding funds allocation.
Trustco Capital
Mr. Jon Larsen presented the Trustco Capital Report and a brief overview
of the plan. Mr. Larsen stated the plan is doing well.
Bogdahn Consulting LLC contract
Chairman Jim Jollie stated the City entered into contract with Bogdahn
Consultant for all three plans.
Summary of pension plan
Chairman Jim Jollie stated that a new summarized plan is needed and
will request Bogdahn Consultant to do the new summary.
Edgewater Firefighters' Pension Fund
Regular Meeting
01/24/06 Page 2
Jim Jollie & Ron Havward term
Chairman Jim Jollie stated that the Firefighters voted both him and Ron
Hayward to continue on the Board. It will be on the next City Council
agenda in October or November.
OLD BUSINESS:
Procedures for purchasing buyback
Chairman Jollie informed the Board that Council has approved the
buyback. The estimate will cost a $100 per employee, payable to the
City and the amount is good for 90 days.
Procedures for entering Drop Plan
Chairman Jim Jollie is developing a form for the drop plan to be
completed by City Hall.
DISCUSSION ITEMS:
None.
ADJOURNMENT:
Chairman Jim Jollie adiourned the meetin2: at 6:26 p.m.
Minutes respectfully submitted by:
Shon tella Jackson
Recording Secretary
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