Agenda 08-14-08
BOYNTON BEACH FIREFIGHTERS' PENSION FUND
QUARTERLY BOARD MEETING
Thursday, August 14,2008 @ 2:00 PM
City Commission Chambers
100 E Boynton Beach Blvd
Boynton Beach, FL
AGENDA
I. CALL TO ORDER - Luke Henderson, Chairman
II. AGENDA APPROVAL -
III. APPROVAL OF MINUTES - Quarterly meeting of May 8, 2008
III-A Service Connected Disability Retirement - Eric Wandell
Determination of the Workers' Compensation Offset on the Mediation Settlement:
1) Disability worksheet with full Offset by Workers' Comp and Disability work-
sheet with NO Offset - complete Pension Disability Benefit.
IV. FINANCIAL REPORTS:
A.. Alliance Bernstein - For your review - Chris Toma
1) Investment Review Report - Quarter end 6-30-2008
B. Acadian International All CAP Fund - For your review
1) 2008 Second Quarter Review
2) Book Capital Account 6-30-2008
C. STW Fixed Income Mgt & STW- TIPS - For your review-
1) Portfolio Report quarter end June 30, 2008.
2) Letter of7-14-08 - Compliance Confirmation 2nd Quarter 2008
3) Letter of7-31-2008 new hires and promotions
4) Summary Report As of 6-30-2008
D. Lateef Investment Management - For your review
(Back-up material not received)
E. Bogdahn Consulting - Dave West
1) Investment Performance Review - 2nd Quarter 2008
2) Review of Growth Managers -
F. Attorney Report - Adam Levinson
1) Division of Retirement proposed rules that would impact all local
government pension Plans - Memo of7-10 and 7-11-08.
2) Memo of7-17-2008 by GRS on their position on the proposed State's
Administrative Rules pertaining to Funding/Disclosure.
V. CORRESPONDENCE
1) Salem Trust Plan Participant Communications on their new benefit payment
System.
2) 2007 Annual Report - reviewed and ap~roved by State Division of Retirement
3) Meeting Notice - Sept 8-10, 2008 - 40t Annual Police & Fire Conference
1
VI. OLD BUSINESS
I. Ord 08-009 -Permissive Service - clarification on application of credits for
"permissive service".
2. Update on multiplier -
VII. NEW BUSINESS
A.. Invoices for review and approval:
I. Alliance Capital Mgt. - Quarter End 9-30-2008 - $ ????
2. LateefInvestment Mgt - Quarter end 03-31-2008 - $24,756
3. STW Fixed Inc Mgt - Quarter End 09-30-08 - $12,406.60
4. Klausner & Kaufman - Services May, Jun & Jul2008 - $8,010.00
5. Bogdahn Consulting - quarterly fee 06-30-2008 - $7,500
6. Omega Recordkeeping - Quarterly 06-30-2008 - $500
7. Acadian Asset Mgt - Quarter end 03-31-2008 - $7,562 and Quarter end
06-30-2008 - $8,700
8. Gabriel, Roeder, Smith & Co. Services May, 2008 - $3,559 and June 2008
- $5,741 & Jul2008 - $900
9. Salem Trust quarterly fee 6-30-08 - $4,499.66.
B. Plan Restatement -
1) Multiplier concern on non-service disability Sec 18-182(b)
2) Complete plan restatement to update and consolidate Fire Pension under the
Code of Ordinances.
VIII. PENSION ADMINISTRATOR'S REPORT
1. Benefits & terminations as of 8-01-2008.
2. "Alive & Well" Statements mailed June 18th with follow-up July 24, 2008 to all
retirees.
3. Beneficiary forms mailed 7-28-08 to all active Plan participants to update
designations.
4. Annual benefit statements produced and mailed to all active Plan participants
June 30, 2008.
IX. COMMENTS
X. ADJOURNMENT
Next Meeting Date - Thursday, November 13,2008 @ 2:00PM -
Commission Chambers
If you cannot attend, please call Barbara @ 742-6081.
NOTICE
IF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY THE FIREFIGHTERS' 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 VERBATIM 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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