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Police and Fire Pension Board Meeting
Pension Board 3/4/09


Public Works Building Department,
1827 Fennell Street, 1st Floor
 Wednesday March 4th, 2009 @ 6:30 p.m.
Please note: more than one (1) member of the City Council may
be present at this meeting.
I.                  Call to Order:
Chairman Doug Kinson, Chief Gary Calhoun, Chief Ken Neuhard, Battalion Chief Jeffery Hite, Battalion Chief Chris Phelps, Sgt. Jeff Harris, Sgt. Pete Stephens, Mr. Phillip Senderowitz and Mr. David O’Connor
II.               Approval of Minutes:
a.       December 3, 2008 - Regular Meeting
III.        Consent Agenda:
                     For Ratification = Warrant# 75- 79
                     a.    Gabriel Roeder Smith( Inv.#106754 services through 11/30/08)                                $2,016.00                    b.     Benefits USA, Inc. (January 2009 Admin. Fees & UPS chgs. re12/3/08 Pkgs.)               $1,041.25
                          c.     Gabriel Roeder Smith(Inv.#107076 services through 12/31/08)                                $ 1,331.00
                          d.     Klausner & Kaufman, P.A.(Legal services 1st Qtr. 2009 Inv. dated 12/31/08)        $5,550.19
                          e.    Sawgrass Asset Mgmt. (4th Qtr. 2008 Investment Mgmt. Fees, dated 1/2/09     $5,379.00
                           f.      City of Maitland (FYE 9/30/08 reimbursement for pension expenses)                    $   440.99
                          g.     Salem Trust Company(4th Qtr. 2008 Custodian Fees)                                                      $2,955.77
                          h,     Benefits USA, Inc.(Feb. 2008 Administration Fees)                                                    $1,000.00
                          i.     Kenneth Neuhard(Hotel res. re: Klausner Conference 3/15-18/09)                         $   747.00
                          k.     FPPTA (2009 Membership Renewal)                                                                              $   600.00
                          l.      Gabriel Roeder Smith & Co.(Inv.#107373 services through 1/31/09)                      $5,827.00
                          m.    Kalson & Associates(4th Qtr. 2008 Investment Consulting Fees)                             $4,430.68
                          n.     Brandywine Global (4th Qtr. Consultant Fees, Inv. #48131208)                                $5,999.89
IV.      Money Manager Reports: Quarter ended- 12-31-08
            a.    Brandywine-  Mr. Phil McMunigal
            b.   Smith Group
V.          Consultant Reports:
a.       Kalson & Associates
VI.      Distributions:
a.      Scott Lahr                                    Refund of Contributions - $9,699.00
b.     Robert Poalillo-                               Monthly Pension $2,718.62 – Effective 12/1/08
                                                                10 Years Certain & Life
c.   Robert Poalillo-                                Rollover Distribution of DROP monies $52,372.97
d.   Kimberly Neisler-                            Monthly Pension -$6,350.07
                                                                                    Effective December 1, 2008 (100% J&S)
                       e. Ramon Alicea-                                  Monthly Pension $3,368.58- Effective 1/1/09
                                                                                        100% J&S
                       f. Ramon Alicea-                                   Distribution of DROP monies $38,515.97 
         VII.    Unfinished Business:
a.   Benefits USA Request for Fee Increase
VIII.  New Business:
a.        Presentation of 2008 Actuarial Valuation-   Mr. Steve Palmquist
b.        Discussion of GRS request to perform 5 year projection study
c.         Review of 2008 Share Plan Allocation
-         Attorney advisement on share plan and IRC 415(c) implications (Kaufman)
d.        Discussion of Money Market Sweep form
e.        Klausner & Kaufman Memo re: Worker, Retiree and Employer Recovery Act
f.          2009 Social Security Statement Disclosure Letters
g.        Notice of re-election of Pete Stephens and Jeff Harris to 3 years terms on the Pension Board.
IX. Reports:
a.    Attorney
b.    Chairman
c.     Administrator
X.      Adjournment:
Any person who desires to appeal any decision made at this meeting or hearing will need to a record of the proceedings and, for this purpose, may need to ensure that a verbatim record of the proceedings is made which includes testimony and evidence upon which the appeal is to be based. Persons with disabilities needing assistance to participate in any of the proceedings should contact the City Clerk’s office (407 -539-6219) 48 hours in advance of the meeting.

Archived Agendas and Minutes


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