07-25-2005
Edgewater Firefighter's Pension Fund
Regular Meeting
July 25, 2005
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 July 25, 2005 at 5:35 p.m. at
Edgewater Fire Rescue Station 57.
ROLL CALL:
Members present were Chairman Jim Jollie, Co-Chairman Ron Hayward,
Gary Butt, and Marty Tse. Also present was Fire Chief Tracey Barlow and
Shontella Jackson, Recording Secretary.
Absent and excused was Laura Reilly.
APPROVAL OF MINUTES:
The minutes of the April 26, 2005 meeting was submitted for approval.
MOTION bv Gary Butt. SECOND bv Martv Tse to aoorove the
minutes of Re2Ular Ede:ewater Firefie:hter's Pension Board on Aoril
26.2005. MOTION CARRIED UNANIMOUSLY.
NEW BUSINESS:
Approval of annual valuation report
Chairman Jim Jollie informed the Board that the annual report was
approved by the State Division of Retirement.
Bogdahn Consulting
Chairman Jim Jollie updated the Board on the City's request for an
independent performance monitoring service for all three plans.
Chairman Jim Jollie presented a copy of the proposal for the Board
members to review. The audit which is being conducted by Burgess
Chambers is state mandated. MOTION bv Ron Havward. SECOND bv
Martv Tse to acceot the reauest for orooosal bv Boe:dahn
Consultant. MOTION CARRIED UNANIMOUSLY.
Edgewater Firefighters' Pension Fund
Regular Meeting
7/25/05 Page 2
Signature update form
Chairman Jim Jollie presented the new form from SunTrust and
requested to add at least two other names to the signature form to avoid
delays. The Board agreed and the form was completed.
Summarized pension plan booklet
Chairman Jim Jollie stated that it is required every three years a
summary of the plan booklet to be in place which was done previously by
Foster & Foster. MOTION bv Martv Tse. SECOND bv Ron Havward to
allow Chairman Jollie to contact Foster & Foster to have a
summarized Dension Dlan booklet DreDared. MOTION CARRIED
UNANIMOUSLY.
OLD BUSINESS:
Council agenda request
Chairman Jollie briefed the Board on his discussion with Mr. Hooper and
Robin Matusick. Mr. Hooper was pleased with the changes and would
like to see these changes to be placed on the August 15, 2005 Council
agenda.
Payment request for Sugarman & Susskind
Chairman Jim Jollie provided copies of the bill from Sugarman &
Susskind for the Board to approve payment. The bill for Sugarman &
Susskind is for the drop plan.
MOTION bv Ron Havward. SECOND bv Garv Butt to Dav Sue:arman &
Susskind invoice in the amount of $918.75 for services rendered.
MOTION CARRIED UNANIMOUSLY.
Payment request for Foster & Foster
Chairman Jim Jollie provided copies of the invoice from Foster & Foster
for the Board to approve payment. The bill for Foster & Foster is for the
2004 Annual report.
MOTION bv Garv Butt. SECOND bv Martv Tse to Dav Foster & Foster
invoice in the amount of $3570.00 for services rendered. MOTION
CARRIED UNANIMOUSLY.
DISCUSSION ITEMS:
None.
ADJOURNMENT:
Chairman Jim Jollie adiourned the meetine: at 6:04 p.m.
Minutes respectfully submitted by:
Shontella Jackson
Recording Secretary
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