Agenda 05-13-08
BOYNTON BEACH POLICE OFFICERS' PENSION FUND
QUARTERLY BOARD MEETING
Tuesday, May 13,2008 @ 9:30 AM
Commission Chambers, City Hall
AGENDA
I. CALL TO ORDER - Lt. Gary Chapman, Chairman
II. AGENDA APPROVAL
III. APPROVAL OF MINUTES - Quarterly Meeting February 12,2008
Special Meeting April 1, 2008
Special Meeting April 9, 2008
IV. FINANCIAL REPORTS:
A. Quarterly Investment Review -
1.) Russell Investment Group - Glenn Harris, Client Executive-
1) Portfolio review for March 31, 2008
2.) Burgess Chambers & Associates (BCA) - Burgess Chambers, President
1) Fund Performance review as of March 31, 2008
V. CORRESPONDENCE
1. "Coughlin Stoia" -Class Action Settlements quarter ending 03-31-2008.
VI. OLD BUSINESS N/A
VII. NEW BUSINESS
A. Invoices for review and approval:
1. Russell Investment Gp. - Quarter End 3-31-2008 - $72,362.00
2. Russell Payment Services - Quarter End 3-31-2008 - $
3. Burgess Chambers & Assoc - Quarter End 3-31-2008 - $3,750
4. Hanson, Perry & Jensen - Service Apr 15,2008 - $1,122.40.
5. Gabriel, Roeder, Smith & Co. Service thru 3-31-2008 - $5,284.
6. Aspen Publishers - Mandated Benefits 2008 Compliance Guide - $259
B. Attorney Report - Bonni Jensen
1. Hanson, Perry & Jensen, P A -letter of 4-28-08 - Fee Increase
2. Ordinance No. 08-008 - Clarification when deferred vested benefits are
Payable, Internal Revenue Code Limits & DROP period lengthened from 20
to 25 years.
C. Plaque for John Hollihan for his committed service on the Police Pension Board
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VIII. PENSION ADMINISTRATOR'S REPORT
1. Benefits, terminations, DROP rollover balances as of 5-01-2008.
2. 2007 Annual Report for review with inquiry on Payable for investments purchased.
3. Allocation of supplemental benefit distribution of excess 185 money for review-
4. Pension Administration - 6 month update - for review
5. Fiduciary Liability Policy - Period 4- I 0-08/4-1 0-09
IX. COMMENTS
X. ADJOURNMENT
Next Regular Meeting Date - Tuesday, August 12,2008 @ 9:30 a.m.-
Commission Chambers
If you cannot attend, please call Barbara @ 742-6081.
NOTICE
IF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY THE POLICE OFFICERS' PENSION BOARD WITH RESPECT TO ANY MATTER
CONSIDERED AT THIS MEETING, HE/SHE WILL NEED A RECORD OF THE PROCEEDINGS AND. FOR SUCH PURPOSE, HE/SHE MAY NEED TO
ENSURE THAT A VERBA TIM RECORD OF THE PROCEEDING IS MADE. WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON
WHICH THE APPEAL IS TO BE BASED. (F.S. 286.0105)
THE CITY SHALL FURNISH APPROPRIATE AUXILIARY AIDS AND SERVICES WHERE NECESSARY TO AFFORD AN INDIVIDUAL WITH A
DISABILITY AN EQUAL OPPORTUNITY TO PARTICIPATE IN AND ENJOY THE BENEFITS OF A SERVICE, PROGRAM, OR ACTIVITY CONDUCTED
BY THE CITY. PLEASE CONTACT JOYCE COSTELLO, (561) 742-6013 AT LEAST TWENTY-FOUR HOURS PRIOR TO THE PROGRAM OR
ACTIVITY IN ORDER FOR THE CITY TO REASONABLY ACCOMMODATE YOUR REQUEST.
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