Agenda 11-12-09
BOYNTON BEACH FIREFIGHTERS’ PENSION FUND
QUARTERLY BOARD MEETING
2:00 PM
Thursday, November 12, 2009 @
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 August 13, 2009
IV. FINANCIAL REPORTS:
A. DSM Capital Partners LLC – For your review –
Quarterly Report 9-30-2009 & Investment Letter
B. Anchor Capital Advisors – For your review -
Portfolio Summary/Appraisal 9-30-2009 – Investment Policy Outlook
C. STW Fixed Income Mgt & STW- TIPS – For your review -
1) Portfolio Report quarter end 9-30-2009
2) Guideline Exceptions Report – 3rd Quarter 2009
DGHM - For your review –
D.
1) Portfolio Performance/Appraisal 9-30-2009
2) September 2009 Overviews
E. Bogdahn Consulting – Dave West
1) Investment Performance Review PYE & Quarter end 9-30-2009
2) Proposed Investment Guidelines
3) Consulting Services Fee Increase
F. Gabriel, Roeder, Smith & Co. – Duane Howison, FSA
-
1) Actuarial Impact on Change of Joint Annuitant/BeneficiaryLtr 9-16-09
2) Cost analysis on 175 Supplemental Benefit
G. Attorney Report – Adam Levinson
1) Important Amendments to Chapters 175/185 – June 2, 2009
2) Trustee terms of office -
V. CORRESPONDENCE –
1) Salem Trust Company –
Professional Staff change – Welcome to
David M. Freitas, CTFA, Vice President
VI. OLD BUSINESS –
1) 175 Supplemental Benefit discussion -
VII. NEW BUSINESS
:
A.Invoices for review and approval:
1. STW Fixed Income Mgt – Qtry fee 12-31-09 - $11,828.40
2. Rigel Capital Inc - Qtr end 9-30-09 - $7,091.51
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3. DSM Capital Partners LLC – Qtry fee 12-31-09 - $9,146.68
4. Bogdahn Group – qtry fee 9-30-2009 - $7,500
5. Omega Recordkeeping – Qtry fee 9-30-09 - $500
6. DGHM – Management fee 9-30-2009 - $7,095.76
7. Klausner & Kaufman – Service Aug, Sept & Oct 2009 - $7,060.75
8. Alliance Bernstein – Final 7-10-09 - $756.48
9. Acadian – June 30, 2009 qtry - $4,434 and July 31,2009 Final - $1,527
B. Retirement Benefit Verifications:
1) William Bingham
C. Rackspace- SQL Server Announcement Upgrade –
1) Update Exact/Macola Progression Series & move to SQL 2005 with cost
Estimate.
2) Ellen Schaffer, Pension Software Consultant cost estimate.
VIII. PENSION ADMINISTRATOR’S REPORT:
1.Benefits & terminations as of PYE 9-30-2009
2.Scheduled 2010 Quarterly Meetings @ City Hall or Renaissance Commons
IX. COMMENTS
X. ADJOURNMENT
Next Meeting Date – Thursday, February 11, 2009 @ 2:00PM –
Place -
If you cannot attend, please call Barbara @ 561/739-7972.
NOTICE
F’PB
IF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY THE IREFIGHTERS 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
.PW(561)742-6013-
BY THE CITY PLEASE CONTACT AM ELSH AT LEAST TWENTYFOUR HOURS PRIOR TO THE PROGRAM OR ACTIVITY IN
.
ORDER FOR THE CITY TO REASONABLY ACCOMMODATE YOUR REQUEST
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