General Employee Retirement Committee Quarterly Meeting

City of Port Orange – City Hall

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

 Monday, October 24, 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.       September 26 – Regular Meeting



III.        Unfinished Business:



IV.         Financials:

a.       September 2011 - Dave Leonard

b.      ICC Capital - Grant McMurray

c.       Southeastern Advisory – Jeff Swanson

d.      Salem Trust



V.             New Business:

a.       Knight’s September 2011 Commission Recapture Statement

b.      Member Election to replace Jan Parsons

c.       David Leonard’s Accounting Service Fees



VI.         Consent Agenda

                     For Approval:

                     Warrant #52

         Benefits USA, Inc. (Admin Fees 10/2011; INV #POG036)                            $   2,000.00

                        ICC Capital Management (4th Qtr ’11 Mgmt Fees; INV #57531641)                 $ 24,565.62

                   David G. Leonard, ASA (Actuarial Services: INV #11-059)             $   3,325.00


                     For Ratification: 

                    Warrant #51

                     Donna Steinebach (Reimb. For FPPTA Trustee School Travel Expense)                $     828.94










VII.      Distributions:

           Mandatory Plan

            For Approval:


            For Ratification:



            Voluntary Plan

            For Approval:


                    For Ratification:

                        a.       Lee Miller                                   Total Withdrawal                             $  6,420.92

                        b.       Thomas Bliven             Total Withdrawal                               $ 15,423.64



  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.