General Employee Retirement Committee Regular Meeting

City of Port Orange – City Hall

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

 Tuesday, May 29, 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.       April 26 – Annual Meeting

b.      April 30 – Regular Meeting


III.        Unfinished Business:


IV.         Financials:

a.       April 2012 - Dave Leonard

b.      Southeastern Advisory – Jeff Swanson

·      First Quarter 2012 Performance Report

·      Investment Policy - CSM Change Request

·      Salem Trust Money Market Fund


V.             New Business:

a.       Knight’s April 2012 Commission Recapture Statement

b.      Monthly Recurring Benefit Payment for Maria T. Bliven (Beneficiary of Deceased Member Thomas Bliven) for Approval


VI.         Consent Agenda

                     For Approval:

                     Warrant #64

                     Benefits USA, Inc. (Admin Fees 05/2012; INV #POG043)                                 $  2,000.00

         James Loper (STMT #987-004)                                                                  $      288.05

                     David G. Leonard, ASA (Actuarial Services: INV #12-022)                    $      300.00


VII.      Distributions:

           Mandatory Plan

            For Approval: 

                     a.    Kevin Maaser                     Total Withdrawal                              $  7,871.09


            For Ratification:


            Voluntary Plan

            For Approval:

                     a.   Julia Wiggins                      Total Withdrawal                              $   482.18

                      b.   Mitch Thomas                     Total Withdrawal

                     c.   Lori Young                           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.