General Employee Retirement Committee Regular Meeting

City of Port Orange – City Hall

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

 Monday, September 26, 2011 @ 10:00 a.m.


I.                  Call to Order:

Chairman John Shelley          Donna Steinebach               Sonya Laney

Jan Parsons                               Robert Ford                          Julia Wiggins

Shirley Treon


                   OTHERS PRESENT:



II.               Approval of Minutes:

a.       August 22 – Regular Meeting



III.        Unfinished Business:



IV.         Financials:

a.       August 2011 - Dave Leonard

b.      Southeastern Advisory – Jeff Swanson

      1)  June 30th 2011 Performance

      2)  Fixed Income Review

      3)  International Equity Review



V.             New Business:

a.       Knight’s August 2011 Commission Recapture Statement

b.      Monthly Recurring Benefit Payment for Thomas Bliven for Approval

c.       2011 Annual Pension Verification Letters

d.      Signed Agreement for Actuarial Services for Dave Leonard

e.       Member Election to replace Jan Parsons



VI.         Consent Agenda

                     For Approval:

                     Warrant #50

                     Benefits USA, Inc. (Admin Fees 08/2011 Plus Postage; INV #POG035)        $ 2,000.00


                     For Ratification:

                      Warrant #49

                    FPPTA (Registration Fee for FPPTA Trustee School for Donna Steinebach)       $ 450.00










VII.      Distributions:

           Mandatory Plan

            For Approval: 



            For Ratification:

a.            Christopher Williams               Total Withdrawal                   $ 3,444.47



            Voluntary Plan

            For Approval:

                     a.       Lee Miller                                      Total Withdrawal                             $  6,631.31

                        b.       Thomas Bliven             Total Withdrawal


                    For Ratification:  



  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.