General Employee Retirement Committee Quarterly Meeting

City of Port Orange – City Hall

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

 Monday, August 27, 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.       July 23 – Quarterly Meeting


III.        Unfinished Business:


IV.         Financials:

a.       July 2012 - Dave Leonard

b.      Southeastern Advisory – Jeff Swanson


V.             New Business:

a.       Knight’s July 2012 Commission Recapture Statement

b.      General Employees Pension Retirees’ COL Increase

c.       QDRO for Robert Breaks’ Dissolution of Marriage

d.      Retirement for Rosemary Redfield 12-31-2012


VI.         Consent Agenda

                     For Approval:

                      Warrant #67

                      Benefits USA, Inc. (Admin Fees 08/2012; INV #POG045)                               $ 2,500.00

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


                     For Ratification:

                     Warrant #66

                     David G. Leonard, ASA (Actuarial Services: INV #12-037)                                $ 2,550.00

         Integrity Fixed Income Management, LLC (2nd Qtr. 2012 Fee)                        $ 2,554.55


VII.      Distributions:

           Mandatory Plan

            For Approval: 

                    a.    Kristopher Parnell                Total Withdrawal                          $  3,404.80


                      For Ratification:                             

                    a.    Barry Jackson                   Total Withdrawal                               $  14,756.59


  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.