General Employee Retirement Committee Regular Meeting

City of Port Orange – City Hall

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

 Monday, November 4, 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



II.               Approval of Minutes:

a.       September 23, 2013 Quarterly Meeting



III.           Participant/Public Participation



IV.         Unfinished Business:

a.       Addendum to the Statement of Investment Policy

b.      Resolution #2013-1



V.             Financials:

a.       August 2013 Dave Leonard

b.      Salem Trust – Cindy Farrow



VI.         New Business:

a.       Knight’s September 2013 Commission Recapture Statement

b.      Appeal from Krystal Hopkins Peace

c.       Appeal from Terry Shroyer



VII.     Consent Agenda

                    For Approval:

                      Warrant #85

                       Benefits USA, Inc. (Admin Fees 10-11/2013; INV #POG058)                     $  5,000.00

                     Southeastern Advisory (Investment Consulting Services: INV #1303)             $  4,714.00

                     ICC Capital Management (4th Qtr ’13 Mgmt Fees; INV #57533402)               $ 19,500.04   

                     ICC Capital Management (3rd Qtr ’13 additional Mgmt Fees; INV #57533411)            $   9,323.35


          For Ratification:

                       Warrant #84

                       James Loper (STMT #30 dated 9/1/13)                                                           $  12,185.55


VIII.    Distributions:

            Mandatory Plan

             For Approval:                   

a.    Brenda Teehan                                Replace Check                                    $10,688.42



  X.     Reports:

a.       Attorney

b.      Comments from Committee Members

c.       Administrator

d.      Correspondence



XI.             Next Meeting Date:  

a.      December 16, 2013 Quarterly Meeting

b.     Updated 2014 Meeting Schedules



XII.      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.