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

Tuesday, February 22, 2011, 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 - Welcome new Trustee Rick Gherlone

 

II.                  ELECTION OF OFFICERS

 

 III.                  APPROVAL OF MINUTES - Quarterly Meeting - November 22, 2010

 

 IV.                  REPORTS (ATTORNEY/CONSULTANTS)

                        1.   Patrick Donlan, Foster & Foster, Actuary

·         2010 Valuation 

·         Declaration of returns

                        2.   Janet Newcomb, PNC

                        3.   Burgess Chambers, Performance Monitor                

                        4.   Scott Christiansen, Attorney

·         Discussion/action: Records Management Liaison Officer (RMLO)

5.      Sheila Hutcheson, Plan Administrator

·         Report on trustee election of Rick Gherlone on Feb. 2, 2011

 

V.             NEW BUSINESS

 Discussion:  City Manager’s request for presentation to City Council (letters dated Dec. 28, 2010 and Feb. 8, 2011)

                     

 VI.                  OLD BUSINESS

 

VII.                  DISBURSEMENTS/RETURN OF CONTRIBUTIONS and DEPOSITS

·         DISBURSEMENTS

1.         Sheila Hutcheson, Professional Services - $3,050.00 (administration fees)

2.         Christiansen & Dehner, Professional Services - $813.36

                       3.     PNC Asset Management, quarterly fee, 4th quarter, 2010 - $11,648.61

4.     C.S. McKee, quarterly fees, $9,450.35

                          5.     Burgess Chambers, Performance Monitor - 4th quarter, 2010 - $8,252.03

                          6.     PNC, quarterly fee, 4th quarter, 2010 - $630.70

                        7.     Foster & Foster, actuarial services - $11,458.00

8.     Ken Burgman, DROP entry as of December 1, 2010 - $4,615.23 (lifetime option)

·         DEPOSITS

1.       Distribution - Enron Corporation securities litigation class action (from 1st National Bank, Mount Dora) - $2,370.54

 

 

 

 

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

Tuesday, February 22, 2011, 7:00 P.M.

 

 

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        VIII.        STAFF REPORTS, DISCUSSION, AND ACTION

 

           IX.        TRUSTEES’ REPORTS, DISCUSSION, AND ACTION

 

            X.          REQUESTS FROM THE PUBLIC/EMPLOYEES PRESENT

 

           XI.         ADJOURNMENT