03-29-2006
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EDGEW ATER POLICE PENSION BOARD
REGULAR MEETING
Wednesday March 29, 2006
City Hall Conference Room
Minutes
CALL TO ORDER:
Chairman Gary Conroy called The Police Pension Board Regular Meeting to order on
Wednesday March 29, 2006 at 1 :14 p.m. in the City Hall Conference Room.
ROLL CALL:
Chairman Conroy conducted the Roll Call for the Police Pension Board Meeting.
Members present were Gary Conroy, Ferdinand Heeb, and Lawrence Leaf. A quorum
was established. At 1: 15p.m. Daniel Blazi arrived. Also present were Jack Acherl
Agent of Record, and Donna Looney of the Personnel Department.
APPROVAL OF MINUTES:
Chairman Conroy Called for a review and approval of the Minutes for the February 28,
2006 Edgewater Police Pension Board Regular Meeting.
MOTION
Ferdinand Heeb made a motion to accept the minutes as read. Lawrence Leaf seconded
this motion.
Motion carried Unanimously
NEW BUSINESS:
Appointment of Pension Board Member:
Chairman Conroy announced that Dan Blazi was appointed as the new Board Member
for a two-year term. Dan Blazi was the only Police Department Officer that express~d
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his interest in being a Pension Board Member, and a vote for office had not beeri
necessary. Chairman Conroy would be forwarding a Council agenda to affirm the
appointment.
Re-schedule of March 17th meeting:
Chairman Conroy announced he had received e-mail from the Personnel Department that
Bogden Consulting had cancelled the special meeting, originally set for March 17, 2006.
The date and time for the newly scheduled meeting was April 12, 2006 at 10:30 a.m. in
the City Hall Conference Room.
Attorney Bill:
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Chairman Conroy presented a bill from the Attorney. The bill was for $300. Chairman
Conroy called for a motion to either keep the bill current, or hold it until a larger amount
was submitted. c !,
MOTION
Ferdinand Heeb made a motion to keep the bill current. Dan Blazi seconded this motion.
Motion carried Unanimouslv
Asset Allocation:
Jack Asherl explained the Asset Allocation Change to the Pension Board. The
adjustment eliminated four previous accounts, and changed the percentages of several
other accounts. Jack Asherl showed that the accounts had been adjusted to reflect the
most recent assessment and actuarial information.
Jack Asherl then showed the current fund statement.
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Next meeting date and location:
The next meeting for the Police Pension Board was scheduled for April 26, 2006 at 1 :00
p.m. at the City Hall Conference Room.
Adjournment:
MOTION
Ferdinand Heeb made a motion to adiourn. Lawrence Leaf seconded this motion.
Motion carried Unanimouslv
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The meeting was adjourned at 1 :59 p.m.
Secretary Dan Blazi
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