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 21, 2012, 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

                       Gregg Bastian

ELECTION of OFFICERS

 

 II.                   APPROVAL OF MINUTES - Quarterly Meeting - November 21, 2011

 

III.                   REPORTS (ATTORNEY/CONSULTANTS)                       

                        1.   Burgess Chambers, Performance Monitor                

                        2.   Scott Christiansen, Attorney

·         Consideration of proposed ordinance

3.      Sheila Hutcheson, Plan Administrator

·         Report on trustee election/appointments

·         Authorization for Actuary to make presentation to City Council on March 20, 2012

 

IV.                    NEW BUSINESS - Approval of revised 2011 Valuation

 

V.                    OLD BUSINESS - none

 

VI.                    DISBURSEMENTS/RETURN OF CONTRIBUTIONS and DEPOSITS

·         DISBURSEMENTS

1.         Sheila Hutcheson, Professional Services - $4,100.00 (administration fees)

2.         Christiansen & Dehner, Professional Services - $170.19, $1,341.40, $136.34, $750.46

                        3.     PNC Asset Management, quarterly fee, 4th quarter, 2011 - $12,115.65

4.     C.S. McKee, quarterly fees, $10,013.12

                        5.     Burgess Chambers, Performance Monitor - 4th quarter, 2011 - $8,337.87

                        6.     PNC, quarterly fee for custody, 4th quarter, 2011 - $676.97

                        7.     Foster & Foster, actuarial services - $10,305.00

                        8.     Drew Bastian, commencement of retirement on Feb. 1, 2012 - lifetime/joint 

 100% survivor option - $3,785.59/month; rollover of   DROP account –

 $122,673.34

                          DEPOSITS - none

 

VII.                 STAFF REPORTS, DISCUSSION, AND ACTION

 

VIII.                TRUSTEES’ REPORTS, DISCUSSION, AND ACTION

 

    IX.                 REQUESTS FROM THE PUBLIC/EMPLOYEES PRESENT

 

      X.                ADJOURNMENT