General Employee Retirement Committee Quarterly Meeting

City of Port Orange – City Hall

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

 Monday, April 30, 2012 @ 10:00 a.m.


I.                  Call to Order:

Chairman John Shelley          Donna Steinebach               Sonya Laney

 Deborah Trainor                     Robert Ford                           Kent Donahue

 Shirley Treon


                   OTHERS PRESENT:


II.               Approval of Minutes:

a.       March 26 – Regular Meeting


III.        Unfinished Business:


IV.         Financials:

a.       March 2012 - Dave Leonard

b.      ICC Capital - Grant McMurray


V.             New Business:

a.       Knight’s March 2012 Commission Recapture Statement

                      b.   Addendum to Statement of Investment policy for CS McKee


VI.         Consent Agenda: 

                     For Approval:

                     Warrant #63

         Benefits USA, Inc. (Admin Fees 04/2012; INV #POG042)                            $   2,000.00


                    For Ratification: 

                    Warrant #62

                     Southeastern Advisory (Investment Consulting Services: INV #1201)     $  4,635.00

         David G. Leonard, ASA (Actuarial Services: INV #12-014)                $  4,575.00

         ICC Capital Management (2nd Qtr ’12 Mgmt Fees; INV #57532287)                   $22,366.35


VII.      Distributions:

           Mandatory Plan

            For Approval:


            Voluntary Plan

            For Approval:


                    For Ratification:

                     a.       Warren Pike                    Total Withdrawal                               $  9,396.38


VIII. Reports:

a.    Comments from Committee Members

b.     Administrator

c.       Correspondence


IX.            Next Meeting Date:

May 28, 2012 – Memorial Day

June 25, 2012 – FPPTA Conference  


  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.