City of Port Orange, Florida
General Employee’s Pension Plan
Annual Employee Update
Port Orange City Hall - City Council Chambers
1000 City Center Circle
April 26, 2012; 11AM
The Port Orange General Employee’s Pension Committee will hold its annual employee information update. All Pension Members and Public are invited to attend at the above time and location. The following is the agenda for this meeting:
I – Call to Order
Chairman – John Shelley Donna Steinbach Sonya Laney Deborah Trainer Robert Ford Kent Donahue Shirley Treon
II – Introduction – John Shelley
III – Plan Status Financial Discussion - as of and for the fiscal year ending 9/30/11 and the six months ending 3/31/12 – Dave Leonard, Actuary
IV- Investment Discussion - Status to date and future projections Jeff Swanson
V – Update from Salem Trust – Cindy Farrow
VI – Update from Benefits USA- Mei Feng.
VII – Discussion Topics
A - What is the Deferred Retirement Option Plan(DROP) all about it and how does it work?
B - Review of the new “Plan Summary”
C - If you have a question; Ask a Committee Member.
D - How to start the retirement process
VIII - Questions from Members
IX - Committee Members Closing Comments
X - Adjournment
Please Note: The above meeting will be videoed and recorded for subsequent viewing by POGTV.