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Police and Fire Pension Board Meeting
Pension Board 09/01/10


New Police Department Building,
1837 Fennell Street, Maitland, FL 32751
 Wednesday September 1st , 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.       June 2, 2010-            Regular Meeting
b.      July 8, 2010-             Special Meeting
c.       July 28, 2010-           Special Meeting (Disability Hearing)
III.        Consent Agenda:
                    For Ratification = Warrant# 99-102 & Per Diem letters dtd. 8/6&13/10
                        a. Benefits USA, Inc. (June  2010 admin fee & UPS chgs. re: 6/3/10 packages)                            $ 1,264.00
                     b. FPPTA(Conference registration re: J. Harris for Naples FL 6/27-30/10)                                         $    500.00
                     c. Klausner & Kaufman( Legal fees re: services rendered thru 5/29/10)                                            $ 4,075.84
                     d. Jeff Harris(Per Diem re: FPPTA Annual Conference 6/27-30/10 Naples FL)                                 $    167.00
                     e. Gabriel Roeder Smith & Co.(Inv.#111873 svs. thru 5/31/10; final chgs re: Share Plan all.)$ 2,294.00
                     f. Benefits USA, Inc(July 2010 monthly administration fee)                                                                $ 1,200.00
                        g. Gabriel Roeder Smith & Co.(Services rendered thru 6/30/10 Inv.# 112183)                               $ 5,516.00
                        h. Klausner & Kaufman, PA(Legal services rendered thur 6/29/10, Inv.#12250)                          $ 5,140.85
                     i. Sawgrass Asset Mgmt. LLC(2nd Qtr. 2010 Investment Mgmt. fees, dtd. 7/5/10)           $ 5,691.00
                     j. Jeff Harris (Reimb.for hotel, gas & tolls re: FPPTA Conf. 6/27-30/10, Naples FL)                        $   267.63
                     k. Benefits USA, Inc. (Monthly administration fee August 2010)                                        $ 1,200.00
                     l. Brandywine Global(2nd Qtr. 2010 Mgmt. fees, Inv.#48130610 dtd. 7/22/10)                    $ 7,625.19
                     m.Klausner & Kaufman, PA(Legal services rendered thru 7/31/10 Inv.#12315)              $ 4,950.00
                     n. Salem Trust Company(2nd Qtr. 2010 Custodian fee, Invoice dated 7/15/10)                                $ 4,238.17
                     o. Jeff Harris (Addnt’l Reimb. for hotel chgs. re: FPPTA Conf. 6/27-30/10 Naples)                         $   209.00
                    p. FPPTA( FPPTA Sch. Reg. 9/26-29/10 for C. Phelps, PGA National Resort WPB)            $   400.00
                        q.Chris Phelps( Reimb. for hotel & Per Diem re: FPPTA Sch. 9/26-29/10 PGA, WPB, FL)    $    632.00
                        r. FPPTA( Reg. for Dayne Krout & Jeff Harris FPPTA Sch. 9/26-29/10 PGA, WPB, FL)        $     800.00
                     s. Jeff Harris( Per Diem re: FPPTA Sch. 9/26-29/10 PGA, West Palm Beach FL)                $    125.00
                     t. Dayne Krout(Per Diem re: FPPTA Sch. 9/26-29/10 PGA, West Palm Beach, FL)             $     125.00                                                                         
IV.         Money Manager Reports: Quarter ended 6-30-10
                   a. Brandywine Global- 7:00-7:45 P.M. – Mr. Phil McMunigal
                  b. FAF-      7:45- 8:15 P.M. – Ms. Leah Pedersen
V.             Consultant Report:
a.  Review of Global Tactical Asset Allocation - Mr. Grant Kalson
            b.   Dahab Consulting- Mr. Grant Kalson
VI.      Distributions:
            a. Jack W. Bulleit- Monthly Pension -$1,670.39 Effective 5/1/10 (Modified Cash Refund Annuity) 
             b. Peter Stark-        Monthly Pension -$1,740.59 Effective 8/1/10( 75% Joint & Last Survivor)
VII:     Unfinished Business
       VIII.      New Business:
a. Discussion re: June 25, 2010 Actuarial study on possible cost saving approaches ( GRS)
IX.      Reports:
a.       Attorney-            Portfolio Litigation Summary
-          Bernstein Litowitz
-          Chimicles & Tickellis                        
b.      Chairman
c.       Administrator-     FPPTA School 9/26-29/10 PGA Resort West Palm Beach, Florida
d.      Correspondence- Letter to Sawgrass Asset dated 7/9/10 re: Liquidation from Bond Portfolio
                             Letter to Salem Trust dated 7/8/10 re: Transfer of funds from Sawgrass to                                       R& D
                             Letter to Salem Trust dated 6/14/10 re: Engagement of Bernstein Litowitz                       Berger & Grossman (Portfolio Monitoring)
                             Letter to Salem Trust dated 76/16/10 re: Engagement of Chimicles &                               Tickellis( Portfolio Monitoring)
        X.      Next Meeting Date:     December 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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