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Special Agendas
Special Meeting Agendas
Pension Board 03/07/12
Date: 2/15/2013

 

CITY OF MAITLAND POLICE OFFICERS & FIREFIGHTERS
PENSION TRUST FUND BOARD
MEETING AGENDA
 Maitland Fire Rescue Training Room
1776 Independence Lane – Maitland, FL 32751
 Wednesday March 7, 2012 @ 6:30 p.m.
Please note: more than one (1) member of the City Council may
be present at this meeting and may speak
 
                                            
I.                  Call to Order:
a.       Chairman Howard Schieferdecker, Chief Doug Ball, Chief Ken Neuhard, Battalion Chief Jeffery Hite, FF/PM Charles Van Camp, Lt. Jeff Harris, Lt. Dayne Krout, Mr. Phillip Senderowitz and Mr. David O’Connor
 
 
II.                Approval of Minutes:
a.       December 7, 2011               Regular Meeting
b.      January 12, 2012                  Special Meeting
c.       March 1, 2012                      Special Meeting
         
III.        Consent Agenda:
                     For Ratification = Warrant# 124-126
                                               
a.       The Bogdahn Group (Consulting Svs. fee re: 10/1/11-12/31/11 Inv. #7102)                $ 6,250.00
b.      Dahab Associates(Inv.#2011b dated 12/20/11 re: 9/7/11 mtg. 9/7-8/11)                                   $    494.96
c.       Gabriel Roeder Smith & Co.( Inv.#117196 services rendered thru 11/30/11)                           $ 3,671.00
d.      Gabriel Roeder Smith & Co.(Inv.#117196 A. Services thru 11/30/11)                         $ 2,000.00
e.       Gabriel Roeder Smith & Co.(Inv.#117398 svs. rendered thru 12/31/11)                                   $ 1,856.00
f.       Klausner & Kaufman (Legal Retainer for Jan.-Mar. 2012 Inv. dtd. 12/28/11)                         $ 4,883.06
g.       Sawgrass Asset Mgmt. (4th Qtr. 2011 Management Fees, Inv. dtd. 1/10/2012)              $ 5,805.00
h.      Benefits USA, Inc.,  (Jan. & Feb 2012 monthly administration fee)                            $ 2,400.00
i.        Brandywine Global (Mgmt. fees re:10/01/11-12/31/11 Inv.#20111229 dtd. 1/19/12) $ 7,806.00
j.        Gabriel Roeder Smith & Co. (Inv.#117671 services rendered thru 1/31/12)                $ 2,024.00
k.      Benefits USA, Inc., (Jan. & Feb. 2012 monthly administration fee)                            $ 2,400.00
l.        Brandywine Global (Mgmt. fees re: 10/1/11-12/29/11 Inv.#20111229 dtd. 1/19/12) $ 7,806.92
m.    Gabriel Roeder Smith & Co.(Inv.#117671 services thru 1/31/2012)                            $ 2,024.00
n.      Salem Trust Company (custodian fees re: 10/1/11-12/31/11 Inv. dtd. 1/16/12)                       $ 3,697.47
  
IV.          Investment Management Reports:
            a. The Bogdahn Group-   Mr. Jack Evatt
 
 
V.             Distributions:
                   a. Kenneth Neuhard- Monthly Pension 100% J&S - $3,575.49 Effective 2/1/12
                   b. Kenneth Neuhard- DROP Rollover Distribution – Exited DROP 2/1/12
                 
VI.       Unfinished Business:
a.    Hear from Klausner and Kaufman regarding fees. (6:30 P.M.)
b.   Hear from GRS regarding fees.  
 
 
VII.     New Business: -                             
a.  Presentation of 10-01-11 Actuarial Valuation – Mr. Steve Palmquist (6:45 P.M. – 7:15 P.M.)
           b. Presentation & Interview of Actuaries- (30 minutes each 20 presentation & 10 for Q & A)
·         Gabriel Roeder Smith & Co. Mr. Steve Palmquist – 7:15 P.M.
·         Southern Actuaries- Mr. Chuck Carr- 8:00 P.M.
·         Freiman Little- Mr. Chad Little- 8:30 P.M.
·         Foster and Foster – Mr. Brad Heinrich 9:00 P.M.
           c. Status of 2011 Annual State Report
          d. David Manuel- Notification of DROP Benefits Payable- Cash Refund Annuity - $4,417.71
           e. Complete 2011 Share Plan Distribution
           f. Proposed Ordinance & Actuarial Impact Statement – amending Maitland City Code and adding
                section to Maitland P& F Pension Trust Fund re: Re-employment
 
 
VIII.  Reports:
a.       Attorney
b.      Chairman
c.       Administrator
d.      Correspondence –New Custody Account ltr. re: DANA & Rockwood dtd. 12/21-11
                             Transfer of Assets ltr. dtd. 12-22-11
                             Funding letter re: DANA & Rockwood dtd. 1-9-12
                                         Munder Asset Liquidation ltr. dtd. 1/12/2012
                                         Munder Transaction Confirmation statement dtd. 2-03-12
                                     Rebalancing letter re: Sawgrass dtd. 2-17-12
 
 
IX.          Next Regular Meeting Date:  June 6, 2012
 
 
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.



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