General Employee Retirement Committee Regular Meeting

City of Port Orange – City Hall

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

 Monday, April 22, 2013 @ 10:00 a.m.


I.                  Call to Order:

Chair Donna Steinebach                             Vice-Chair Sonya Laney              Wayne Saunders                  

Council Member Drew Bastian                  Deborah Trainor                           Kent Donahue

Linda Johnson


Introduce New Trustees




II.               Real Estate Manager Presentations:

a.       American Realty Advisors Richelle Hayes (10:05 am to 10:35 am)

b.      Intercontinental Real Estate Peter Hapgood (10:40 am to 11:10 am)

c.       Principal Enhanced Property Rick Wilkins (11:15 am to 11:45 am)


III.           Approval of Minutes:

a.       March 25, 2013 Quarterly Meeting


IV.         Unfinished Business:

a.       Mandatory Distributions for Approval (tabled from 3-25-2013 meeting)

·         Stacie Daraio                  Total Withdrawal                   $   4,650.33

·         Steve Parnell                  Total Withdrawal                   $   5,857.03


V.             Financials:

a.       March 2013 Dave Leonard

b.      Salem Trust Cindy Farrow

·      New Signature Card

·      STIF Account Agreement


VI.         New Business:

a.       Knight’s March 2013 Commission Recapture Statement

b.      Review of Termination Procedures and Billing Dave Leonard

c.       Time Frame for 2013 Annual Pension Meeting

d.      Michael Peace Retirement Application for 8-18-2013

e.       Donald Stuhr Retirement Monthly Benefit Payment for Approval

f.       Steven Levine Retirement Monthly Benefit Payment for Approval

g.       Years of Service Issue for Krystal Hopkins-Peace


VII.      Consent Agenda:

                     For Approval:

                      Warrant #77

                      Benefits USA, Inc. (Admin Fees 04/2013; INV #POG052)                                     $ 2,500.00

                       Southeastern Advisory (Investment Consulting Services: INV #1301)                $ 4,635.00

                       ICC Capital Management (2nd Qtr ’13 Mgmt Fees; INV #57533091)                    $18,351.27

            Integrity Fix Income Management (1st Qtr ’13 Mgmt Fees; INV #1692)              $ 2,666.92


         For Ratification:

                      Warrant #76

                      Benefits USA, Inc. (Admin Fees 03/2013 plus Postage; INV #POG051)   $ 2,556.12

          Integrity Fix Income Management (4th Qtr ’12 Mgmt Fees; INV #1670)  $ 2,652.77


VIII.     Distributions:

            Mandatory Plan

             For Approval:

              a.                Luis Nunez                         Total Withdrawal                   $   7,152.52                        


  VIII. Reports:

a.      Attorney

b.      Comments from Committee Members

c.       Administrator

d.      Correspondence


IX.            Next Meeting Date:  

May 20, 2013 Regular Meeting


  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 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.