Agenda 02-10-09
BOYNTON BEACH POLICE OFFICERS’ PENSION FUND
QUARTERLY BOARD MEETING
Tuesday, February 10, 2009 @ 9:30 AM
Commission Chambers, City Hall
100 E Boynton Beach Blvd.
Boynton Beach, FL
AGENDA
I.CALL TO ORDER – Lt. Gary Chapman, Chairman
II. AGENDA APPROVAL
III. APPROVAL OF MINUTES –
Quarterly Meeting November 18, 2008
Special Meeting December 15, 2008
IV. FINANCIAL REPORTS:
A. Goldstein Schechter Koch – Vincent Carrodeguas & Clement Johns-
1)
Presentation of the 2008 Audit
B. Quarterly Investment Review –
1.)Russell Investment Group – Glenn Harris, Client Executive-
1)
Organizational changes within Russell – Email 1-28-09
2)
Portfolio review for December 31, 2008
2.) Burgess Chambers & Associates (BCA) – Burgess
Chambers, President & Sidney Taylor, Consultant
1)
Fund Performance review Quarter ending 12-31-2008
V. CORRESPONDENCE:
1.
Commission reappointment of Detectives Toby Athol and Jason Llopis to the
Police Pension Board.
VI. OLD BUSINESS:
1)
Andrew Garrett, Inc. –Professional Pension Fund Management - to set up
Special Meeting for presentation.
VII. NEW BUSINESS
A. Invoices for review and approval:
1.Russell Investment Gp. – Quarter End 12-31-2008 - $
2.Russell Payment Services – Quarter End 12-31-2008 - $
3.Burgess Chambers & Assoc – Quarter End 12-31-2008 - $
4.Hanson, Perry & Jensen – Service Oct, Nov Dec & Jan 2009 - $7,430.12
5.Gabriel, Roeder, Smith & Co. Service Dec 31, 2008 - $1,729
6.Ellen Schaffer Pension Software – Transoft Annual Support - $41.67
Programs - $1,168.12.
7.Goldstein Schechter Koch – Progress billing audit PYE 9-08- $1,500
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B. Attorney Report – Bonni Jensen
1) IRS Application for Determination Letter – Letters of 1-30-2009- full
documentation available for review in the Pension Office and the Web Site.
2) Proposed ordinance for Plan’s investment policy with actuarial impact of 1-26-
09 by GRS.
C.
Request for approval of 2 attendees for the Star & Stripes Conference 4-26/4-28,
2009
D.
Letter of 1-14-2009 by Steve Palmquist, GRS regarding the Plan’s actuarial
valuations.
E.
Renewal approval for Fiduciary Liability Policy – effective 4-10-2009 – Policy
#U708-50090.
VIII. PENSION ADMINISTRATOR’S REPORT
1.Benefits , terminations & DROP rollover balances as of 02-01-2009
2. State Street semi-annual death search 12-16-2008.
X. ADJOURNMENT
Next Regular Meeting Date – Tuesday, May 12, 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
,,
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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