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Police and Fire Pension Board Meeting
Pension Board 06/02/10


Police Department Building,
1837 Fennell Street, Maitland, FL 32751
 Wednesday June 2nd, 2010 @ 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 Doug Ball, Chief Ken Neuhard, Battalion Chief Jeffery Hite, Battalion Chief Chris Phelps, Lt. Jeff Harris, Lt. Dayne Krout, Mr. Phillip Senderowitz and Mr. David O’Connor
II.                Approval of Minutes:
a.       February 23, 2010- Special Meeting
b.      March 3, 2010-         Regular Meeting
c.       April 29, 2010-        Special Meeting
III.        Consent Agenda:
                     For Ratification = Warrant# 95-98
                      a. Benefits USA, Inc. ( March 2010 monthly administration fee )                                                              $  1,200.00
                         b. Dahab Associates(4th  Qtr. 2009 Investment fee, Invoice dtd. 2/19/10)                                     $ 4,000.00
                         c. Benefits USA, Inc.(4/10 monthly admin. Fees & UPS chgs. re:3/3/10 pkgs)                             $  1,246.75
                         d. Dahab Associates, Inc., (Re: March 3-4,09 Inv.#2009d dated 3/10/10)                                   $     433.35
                         e. Gabriel Roeder Smith & Co.(Inv.#110996 services through 2/28/10)                                        $  7,581.00
                         f. Klausner & Kaufman (2nd Qtr. 2010 Retainer fee & services through 2/28/10)                        $  4,775.94
                     g. Benefits USA, Inc., (Postage re: 2010 Pension Verification ltrs. 47x2@ 44cents each)               $      41.36
                     h. Sawgrass Asset Mgmt.(1st Qtr. 2010 Investment Managememt fees)                                             $  5,488.00
                     i.   David O’Connor(Reimb. re: Klausner Conf. 3/21-23/10, hotel, mileage & Per Diem)                $     780.02
                     j.  Phil Senderowitz(Reimb. re: Klausner Conf. 3/21-23/10 mileage & Per Diem)            $    186.96
                     k. Ken Neuhard( Reimb. re: Klausner Conf. 3/21-23/10 Per Diem)                                                     $       57.00
                     l.  Jeff Hite( Reimb re: Klausner Conf. 3/21-24/10 mileage & Per Diem)                                           $      186.96
                     m. City of Maitland(hotel chgs. re: Hite Neuhard, Senderowitz & gas for Neuhard)       $   2,178.37
                     n. Benefits USA, Inc.(May 2010 monthly administration fee)                                             $   1,200.00
                     o. Brandywine Global Investment Mgmt.(Inv.#48130310 re: 1st Qtr. 2010 fees)            $ 8,683.36
                     p. Dahab Associates(1st Qtr. 2010 Consulting fees, Inv. #111630 dtd. 5/13/10)                                $ 4,000.00
                     q. Gabriel Roeder Smith &Co.(Inv.#111630 services through 4/30/10)                                             $ 3,833.00
                     r. Salem Trust Company (1st Quarter 2010 Custodian Fees)                                                                 $ 3,697.57
IV.      Money Manager Reports: Quarter ended 3-30-10
V.          Consultant Report:
a.  Dahab Associates- Mr. Grant Kalson
            b.   Review of Indexed or Emerging Market Funds- Mr. Grant Kalson
VI.    Distributions
VII:     Unfinished Business:
             a. Update re: Pete Stark – Application for Disability.    Set hearing date.
             b. Letter to Sawgrass Asset re: Liquidation from Bond Portfolio
             c. Letter to Salem Trust re: Transfer of funds from Sawgrass to R& D
             d. Letter to Sawgrass Asset re: Liquidation of Assets (rebalancing of the account)
             e. Letter to Salem Trust re: Transfer of funds from Sawgrass Asset to FAF Real Estate
             f. Status of : Chimicles & Tickellis contract(securities litigation)     
g. Recommended changes in actuarial assumptions (Steve Palmquist)
       VIII.   New Business:
                     a.   Jack Bulleit- Application for Retirement- retired 5/1/10
                     b.   2009 Share Plan Allocation Status
                      c.   Ordinance & Impact Statement re: changes to FS 175 & 185
                     d.   Bernstein Litowitz Portfolio Monitoring
                     e.   2009 Annual Report- Approval letter dated May 18, 2010
IX.      Reports:
a.       Attorney-  
b.      Chairman-
c.       Administrator-     FPPTA Conference 6/26-30/10 Naples, Florida
d.      Correspondence- Cover letter to State dtd. 4/4.10 re: submission of 2009 Annual Report
                             Letter to State dtd. 4/4/10 re: Draft Ordinance & Impact Statement
                             Cover letter to State dtd. 4/30/10: submission of 2009 CAFR
                             Letters to Beckendorf & Shoemaker dtd.4/4/10 re: submission of 2009 Valuation 
                                                        Cover letter to State dtd. 4/5/10 re: submission of Share Plan Admin. Rule
                                                        Letters from Beckendorf & Shoemaker re: receipt of 2009 Valuation
        X.      Next Meeting Date:      September 1, 2010 @ 6:30 P.M.
        XI.      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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