General Employee Retirement Committee Regular Meeting

City of Port Orange – City Hall

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

 Monday, October 22, 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.       September 24 Regular Meeting



III.        Unfinished Business:

a.       Attorney Fee Deduction for Robert Breaks’ Dissolution of Marriage



IV.         Financials:

a.       September 2012 Dave Leonard

b.      Class Action Processing Enhancements ­Salem Trust



V.             New Business:

a.       Knight’s September 2012 Commission Recapture Statement

b.      Retirement for Elizabeth Hammons January 31, 2013

c.       Retirement Payment for Robert Day for Ratification

d.      Kenneth W. Parker’s DROP Payment for  Ratification



VI.         Consent Agenda

                     For Approval:

                      Warrant #71

                      Benefits USA, Inc. (Admin Fees 10/2012; INV #POG047)                                $ 2,500.00

                     David G. Leonard, ASA (Actuarial Services: INV #12-057)                    $ 2,125.00

                     Donna Steinebach (Reimb. For FPPTA Trustee School Travel Expense)            $    839.05

                        ICC Capital Management (3rd Qtr ’12 Mgmt Fees; INV #57532703)                      $16,844.82

                      Integrity Fix Income Management (3rd Qtr ’12 Mgmt Fees; INV #1636$   2,601.75











                      For Ratification:

                       Warrant #69

                      James Loper (STMT #25 dated 8/31/12)                                                  $1,724.45


                      Warrant #70

                      Southeastern Advisory (Investment Consulting Services: INV #1203)     $  4,635.00



VII.      Distributions:

           Mandatory Plan

            For Approval:

               a.    Thomas Cinefro                           Total Withdrawal                   $   6,266.04

               b.    Henry Reid                                               Total Withdrawal                   $   5,119.37


               Voluntary Plan

             For Ratification:

               a.    Amanda Bonin                             Partial Withdrawal                $   1,950.00



  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.