General Employee Retirement Committee Quarterly Meeting

City of Port Orange – City Hall

1000 City Center Circle, 2nd Floor – 2nd Floor Conference Room

 Monday, July 25, 2011 @ 10:00 a.m.


I.                  Call to Order:

Chairman John Shelley          Donna Steinebach               Ray Pinkley

Jan Parsons                               Robert Ford                          Julia Wiggins

Shirley Treon


                   OTHERS PRESENT:



II.               Approval of Minutes:

a.       June 20 – Regular Meeting



III.        Unfinished Business:

a.       Actuary Service RFP



IV.         Financials:

a.       June 2011 - Dave Leonard

b.      ICC Capital - Grant McMurray

c.       Salem Trust



V.             New Business:

a.       Knight’s June 2011 Commission Recapture Statement

b.      Monthly Recurring Benefit Payment for Janice Parsons for Approval



VI.         Consent Agenda

                     For Approval:

                     Warrant #47

         Benefits USA, Inc. (Admin Fees 04/2011; INV #POG030)                            $  2,000.00

                        ICC Capital Management (2nd Qtr ’11 Mgmt Fees; INV #57531214)                 $28,230.40


                    For Ratification: 

                   Warrant #46

                    Southeastern Advisory (Investment Consulting Services: INV #1102)     $  4,500.00

                    David G. Leonard, ASA (Actuarial Services: INV #11-031)                 $   2,125.00










VII.      Distributions:

           Mandatory Plan

            For Approval:

a.    John Braden                                   Total Withdrawal                                            


            For Ratification:



            Voluntary Plan

            For Approval:


                    For Ratification:

a.          Julia Wiggins                  Total Withdrawal                                           $  1,033.89




  VIII. Reports:

a.    Attorney

b.    Comments from Committee Members

c.     Administrator

d.      Correspondence



IX.            Next Meeting Date:  



  X.      Adjournment:




Any person who desires to appeal any decision made by the General Employee Retirement Committee will need a record of the proceedings, and for such purpose he or she may need to ensure at his or her own expense for the taking and preparation of a verbatim record of all testimony and evidence of the proceedings upon which the appeal is based.


NOTE:  If you are a person with a disability who needs any accommodation in order to participate in this proceeding, you are entitled, at no cost to you, to the provision of certain assistance.  Please contact the Deputy City Clerk for the City of Port Orange, 1000 City Center Circle, Port Orange, Florida 32129, Telephone Number (386) 506-5563, within (2) two working days of your receipt of this notice or (5) five days prior to the meeting date; If you are hearing or voice impaired, contact the relay operator at 1-800-955-8771.