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Police and Fire Pension Board Meeting
Pension Board 12/06/06




Public Works Building Department,

1827 Fennell Street, 1st Floor

 Wednesday December 6th, 2006 @ 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, Captain Jeffery Hite, Captain Chris Phelps, Officer Jeff Harris, Sgt. Pete Stephens, Mr. Phillip Senderowitz and Mr. David O’Connor



II.              Approval of Minutes:

a.       September 6, 2006  - Regular Meeting



III.    Consent Agenda:

For Ratification   

 a.  Benefits USA, Inc. (September 2006 Admin Fees)                              $1, 000.00

 b.  Brandywine Global Investment(Inv.# 32711 1st Qtr. /06 Mgmt. Fees) $9, 048.69

 c.  Brandywine Global Investment(Inv.#33810 2nd Qtr.06 Mgmt fees)     $9 ,080.26

 d.  Salem Trust Company(Custodian Fees 4/1/06-6/30/06)                  $4, 577.74

 e.  Benefits USA, Inc.(October 2006 Admin. Fees)                                    $1,000.00

 f.   Kalson & Associates(2nd Qtr. 2006 Monitoring Fees)                          $4, 279.99

                     g.  Print America(Inv.# 11171 for 50 copies of SPD)                                   $   294.25

                     h.  Klausner & Kaufman(Inv. dated 7/31/06 services thru 7/31/06)     $2, 533.10

                     i.   Klausner & Kaufman(Inv. dated 8/28/06 services thru 8/31/06)    $2, 589.72

                     j.   Klausner & Kaufman(Inv. dated 9/28/06 services thru 9/30/06)   $4, 704.84

                     k.  Sawgrass Asset Mgmt.(3rd Qtr. 2006 Mgmt. Fees)                               $4, 755.00

                     l.   Benefits USA, Inc.(UPS Charges re: 9/6/06 agenda Pkgs.)                $      33.90

                     m. Benefits USA, Inc.(UPS Charges re: shipment of SPD’s)                    $      12.90

                     n.  Ark Asset Mgmt.( Inv.# 188103  3rd Qtr. 06 Investment Fees)         $7, 751.00

                     o.  Salem Trust Company(3rd Qtr. 06 Custodian Fees)                             $5 ,648.55



IV.      Money Manager Reports:

a. Brandywine Asset Management





V.          Consultant Reports:

a.   Kalson & Associates

b.   Summary – Equity vs. Fixed Investments of other plans     



VI.      Distributions:

a.   David Forsythe- Refund of Contributions-  $3,697.83

b.   Jacob Koch       - Refund of Contributions-  $2,464.91

c.    Michael Nelson- Refund of Contributions- $1, 104.96

d.   Greg Sumner   -  Rollover Distribution      - $4, 335.79



VII.    Unfinished Business:

a.   Status of Administrative Rule Manual- Re: Disability Hearing Procedure

b.   Modification to Investment Policy

c.    Alternate asset valuation presentation by GRS (March 2007)

d.   Premium Fire Department tax dollars from Eatonville



VIII.   New  Business:

a.  Benefit Election Form for Anthony Merola – Effective November 1, 2006

b. Directed Payments from Pension (i.e. Medical Payments)

c.  Boston Company – International Core Equity Fund closure

d. State Annual Report completion date and subsequent Valuation Report (March 2007)

e.  2007 Pension Board Meeting Dates (March 7th, June 6th, Sept. 5th, Dec. 5th)

f.  Discussion Item – Directed Brokerage Agreement and Commission Recapture (Lynch Jones & Ryan/Brandywine)

g.  Discussion Item – Premium tax dollars and benefit enhancements



   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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