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, May 23, 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

 

II.                                      APPROVAL OF MINUTES - Quarterly Meeting - February 22, 2011

 

III.                  Presentation of Handbook for Appointed Boards and Commissions - Shannon Lewis, Assistant City Manager

 

 IV.                  REPORTS (ATTORNEY/CONSULTANTS)

                        1.   Burgess Chambers, Performance Monitor                

                        2.   Scott Christiansen, Attorney

·         Financial Disclosure Forms - filing deadline is July 1, 2011

·         Legislative update

3.      Sheila Hutcheson, Plan Administrator

 

V.             NEW BUSINESS

1.   Request from City for payment of $4,591.25 auditing fees

2.   Discussion: Distribution of State monies

 

 VI.                  OLD BUSINESS

 

VII.                  DISBURSEMENTS/RETURN OF CONTRIBUTIONS and DEPOSITS

·         DISBURSEMENTS

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

2.         Christiansen & Dehner, Professional Services - $7,679.58 (includes IRS filing), $918.72, $65.00

                       3.     PNC Asset Management, quarterly fee, 1st quarter, 2011 - $11,776.25

4.     C.S. McKee, quarterly fees, $10,009.99

                          5.     Burgess Chambers, Performance Monitor - 1st quarter, 2011 - $8,629.70

                          6.     PNC, quarterly fee, 1st quarter, 2011 - $677.53

                        7.     Foster & Foster, actuarial services - $4,947.00

8.     Tom Weber, commencement of retirement on April 1, 2011 - lifetime with               

        100% joint survivor (spouse) - $2,493.52

9.         Joe DiBella, commencement of retirement on April 1, 2011 - lifetime with                                   

first ten years guaranteed - $4,653.28/month; rollover of DROP account - $208,231.47

10.     Russ Rafferty, commencement of retirement on May 1, 2011 - lifetime with

first ten years guaranteed - $4,562.52/month; rollover of DROP account - $242,145.10 

11.     Denver Ste. Claire, commencement of retirement on May 1, 2011 - lifetime option - $7,146.51/month

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, May 23, 2011, 7:00 P.M.

 

 

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                          12.   Mike Nigh, DROP entry as of April 1, 2011, lifetime option - $4,456.31/month

                          13.   Harry Thomas, DROP entry as of June 1, 2011, joint/100% survivor option -

                                  $3,640.53/month

                          14.   Drew Bastian, postage reimbursement - $12.02 

                          15.   FSU registration for Police/Fire School (May, 2011) - Trustees Bastian and 

                                  Gherlone - $500.00

·         DEPOSITS

       None

 

        VIII.        STAFF REPORTS, DISCUSSION, AND ACTION

 

           IX.        TRUSTEES’ REPORTS, DISCUSSION, AND ACTION

 

            X.          REQUESTS FROM THE PUBLIC/EMPLOYEES PRESENT

 

           XI.         ADJOURNMENT