CITY OF PORT ORANGE

FIRE AND RESCUE PENSION BOARD OF TRUSTEES QUARTERLY MEETING

     PORT ORANGE CITY HALL

1000 City Center Circle, Second Floor Conference Room

PORT ORANGE, FLORIDA  32129

AGENDA

Monday, August 23, 2010, 7:00 P.M.

 

Any person who decides to appeal any decision of the Pension Board with respect to any matter considered at this meeting will need a record of the proceedings, and for such purpose, may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based.

 

In accordance with the Americans with Disabilities Act and Section 286.26, Florida Statutes, persons with disabilities needing special accommodations to participate in this meeting should call Board Secretary Dominick Leone at the Fire Department Headquarters, 386-506-5900, at least 24 hours prior to the meeting.

 

I.                                       CALL TO ORDER/DETERMINATION OF A QUORUM

 

 II.                   APPROVAL OF MINUTES - Quarterly Meeting - May 24, 2010

 

III.                   REPORTS (ATTORNEY/CONSULTANTS)

                        1.   Janet Newcomb, PNC

                       2.   Burgess Chambers, Performance Monitor

                        3.   Scott Christiansen, Attorney

4.      Sheila Hutcheson, Plan Administrator

·         Police/Fire Conference in October (Orlando).

·         The State monies are scheduled to be issued beginning August 20 and must be deposited into the fund within five days of receipt.

·         All members have filed their Financial Disclosure Forms.

 

 IV.                   NEW BUSINESS

                      Approve Summary Plan Description (SPD)

 

  V.                  OLD BUSINESS

 

 VI.                  DISBURSEMENTS/RETURN OF CONTRIBUTIONS and DEPOSITS

·         DISBURSEMENTS

1.         Sheila Hutcheson, Professional Services - $3,300.00  (administration fees)

2.         Christiansen & Dehner, Professional Services - $1,427.71, $58.00

                        3.     PNC, quarterly fees - $13,247.21

                          4.     Foster & Foster, actuarial services - $2,057.00

5.     C.S. McKee, quarterly fees, $8,135.31

                          6.     Burgess Chambers, Performance Monitor, quarterly fees - $6,942.85                       

                          7.     Mike Michaud, refund of contribution (terminated, vested membe)r - $14,272.71

    DEPOSITS

None

 

 VII.                  STAFF REPORTS, DISCUSSION, AND ACTION

 

VIII.                TRUSTEES’ REPORTS, DISCUSSION, AND ACTION

 

    IX.                 REQUESTS FROM THE PUBLIC/EMPLOYEES PRESENT

 

    X.                  ADJOURNMENT