Agenda 11-18-08
BOYNTON BEACH POLICE OFFICERS’ PENSION FUND
QUARTERLY BOARD MEETING
Tuesday, November 18, 2008 @ 9:30 AM
Commission Chambers, City Hall
100 E Boynton Beach Blvd.
Boynton Beach, FL
AGENDA
I.CALL TO ORDER – Lt. Gary Chapman, Chairman
I A. Presentation to John Hollihan for 17 Years of Service to the Boynton Beach Police
Officers’ Pension Board.
II. AGENDA APPROVAL
III. APPROVAL OF MINUTES –
Quarterly Meeting August 12, 2008
Special Meeting September 23, 2008
IV. FINANCIAL REPORTS:
A. New Business: – Precision Pension Administration, Inc.
Dave Williams, President
Quarterly Newsletter for the Pension Fund
B. Quarterly Investment Review –
1.) Russell Investment Group – Glenn Harris, Client Executive-
1)
Portfolio review for September 30, 2008
2.) Burgess Chambers & Associates (BCA) – Sidney Taylor, Consultant
1)
Fund Performance review Quarter & PYE 9-30-2008
V. CORRESPONDENCE:
1)
Recommendations by our Actuaries at GRS- Funding of Florida Public
Retirement Plans – workshop of 9-10-2008.
2) Class Action Settlements qtr ending 9-30-08 – Coughlin Stoia Geller Rudman
And Robbins, LLP
VI. OLD BUSINESS:
1) Database contact in City for Chapter 175 & 185 money.
VII. NEW BUSINESS
A. Invoices for review and approval:
1.Russell Investment Gp. – Quarter End 9-30-2008 - $67,154.00
2.Russell Payment Services – Quarter End 9-30-2008 - $ 528.84
3.Burgess Chambers & Assoc – Quarter End 9-30-2008 - $3,750
4.Hanson, Perry & Jensen – Service Sept. 15, 2008 - $1,742.17.
5.Gabriel, Roeder, Smith & Co. Service Oct 31, 2008 - $2,919
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6.Micro Focus – Annual Support Renewal - $98.72
7.NCPERS – 2009 Membership renewal - $150.00 pd
Set-Up:
8.Renaissance Executive Suites-Occupancy/deposit $595.62 pd
9.Rackspace Inc.- Managed Server- October 2008 $412.50 pd
10.Hardware upgrade with printer - $945.95 pd
11.Ellen Schaffer Pension Software – Split, convert & copy Pension
Programs - $1,168.12.
12.JCA Software, Inc. –Split & transfer download - $170.00
13.Exact Software – Transfer /install data to new server for Macola -$875 &
$131.25.
14. Pension Server ITS Blackberry support - $22.47
15.FaxProducts.Com – Printer Driver and support - $262.00pd
B. Attorney Report – Bonni Jensen
1) Qualified Public Depositor (QPD) for Florida Public Pension Plans –
Letter of October 2, 2008
2) Language necessary for Federal law – “HEART” Act 2008.
C. Andrew Garrett, Inc- Robert Schaffer and Michael Foster – Professional
Pension Fund Management –
Opportunity to evaluate the current portfolio allocations and make
recommendations to protect and enhance the fund’s portfolio returns.
VIII. PENSION ADMINISTRATOR’S REPORT
1.Benefits, terminations, DROP rollover balances as of PYE 9-30-08
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2.“Alive & Well” Statements mailed June 18July 24 & Aug 22, 2008 to all
Fedricko Alvarenga statement not received – benefit suspended October 2008.
3.All retired members and associates of Police Pension notified of new office location.
4.Schedule of 2009 Quarterly Board Meetings for review and approval.
IX. COMMENTS
X. ADJOURNMENT
Next Regular Meeting Date – Tuesday, February 10, 2009 @ 9:30 a.m. –
Commission Chambers
If you cannot attend, please call Barbara @ 561-739-7972
NOTICE
PO’PB
IF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY THE OLICE FFICERS ENSION OARD WITH RESPECT TO ANY MATTER
,/,,/
CONSIDERED AT THIS MEETING HESHE WILL NEED A RECORD OF THE PROCEEDINGS AND FOR SUCH PURPOSE HESHE MAY NEED TO
,
ENSURE THAT A VERBATIM RECORD OF THE PROCEEDING IS MADE WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON
.(..286.0105)
WHICH THE APPEAL IS TO BE BASED FS
THE CITY SHALL FURNISH APPROPRIATE AUXILIARY AIDS AND SERVICES WHERE NECESSARY TO AFFORD AN INDIVIDUAL WITH A
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DISABILITY AN EQUAL OPPORTUNITY TO PARTICIPATE IN AND ENJOY THE BENEFITS OF A SERVICE PROGRAM OR ACTIVITY CONDUCTED
.,(561)742-6013-
BY THE CITY PLEASE CONTACT JOYCE COSTELLO AT LEAST TWENTYFOUR HOURS PRIOR TO THE PROGRAM OR
.
ACTIVITY IN ORDER FOR THE CITY TO REASONABLY ACCOMMODATE YOUR REQUEST
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