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 20, 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 Gregg Bastian 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 21, 2012

 

    III.               REPORTS (ATTORNEY/CONSULTANTS)                       

                        1.   Scott Christiansen, Attorney

·         Confirmation that Financial Disclosure Forms have been filed

2.   Burgess Chambers, Performance Monitor 

3.      Sheila Hutcheson, Plan Administrator

 

    IV.                NEW BUSINESS

 

Determination of Plan’s funding basis for Valuation: fixed dollar amount or percentage of payroll (memoranda from Division of Retirement and Actuary)

 

     V.                 OLD BUSINESS

 

   VI.                 DISBURSEMENTS/RETURN OF CONTRIBUTIONS and DEPOSITS

·         DISBURSEMENTS

1.         Sheila Hutcheson, Professional Services - $4,500.00 (administration fees)

2.         Christiansen & Dehner, Professional Services - $1,328.85, $135.20

                       3.     PNC Asset Management, quarterly fee - $12,696.78

4.     C.S. McKee, quarterly fees, $7,749.06

                          5.     Burgess Chambers, Performance Monitor - 2nd quarter, 2012 - $8,616.17

                          6.     PNC, quarterly fee for custody: C.S. McKee - $516.44; SSI - $194.27

                          7.     SSI, quarterly fees - $3,128.00

                          8.     William Miller, commencement of early retirement on July   1, 2012 -

  retiree’s lifetime option - $1,912.86/month

·         DEPOSITS - none

 

VII.                STAFF REPORTS, DISCUSSION, AND ACTION

 

VIII.             TRUSTEES’ REPORTS, DISCUSSION, AND ACTION

 

         IX.          REQUESTS FROM THE PUBLIC/EMPLOYEES PRESENT

 

           X.          ADJOURNMENT