Agenda 02-11-10
BOYNTON BEACH FIREFIGHTERS’ PENSION FUND
QUARTERLY BOARD MEETING
2:00 PM
Thursday, February 11, 2010 @
Renaissance Commons Executive Suites
1500 Gateway Blvd., Suite 220
Boynton Beach, FL 33426
AGENDA
I. CALL TO ORDER –
Luke Henderson, Chairman
II. AGENDA APPROVAL -
III. APPROVAL OF MINUTES
– Quarterly meeting November 12, 2009
IV. FINANCIAL REPORTS:
A. Davidson, Jamieson & Cristini, P.L. – Richard Cristini, CPA &
Jeanine Bittinger, CPA –
Financial Statements for PYE 9-30-2009
B. Gabriel Roeder Smith & Company- Steve Palmquist, Sr Consultant &
Actuary & Duane Howison, Actuary -
October 1, 2009 Valuation Report
C. DSM Capital Partners LLC – For your review –
1)
Quarterly Report 12-31-2009
2) DSM Large CAP Fund – Ltr 2-2-10 – Cap on fund’s expenses
D. STW Fixed Income Mgt & STW- TIPS – For your review -
1) Portfolio Report quarter end 12-31-2009
2) Guideline Exception Report
DGHM - For your review –
E.
1) Portfolio Performance/Appraisal 12-31-2009
2) Letter of January 2010 – Overview and Annual Proxy Voting Report
F. Bogdahn Consulting – Dave West
1) Investment Performance Review Quarter end 12-31-2009
2) Consulting Services Fee Increase
G. Attorney Report – Adam Levinson
1) Model Plan Amendments -
2) Trustee terms of office - Proposed amendment
V. CORRESPONDENCE –
Tegrit, Administrators (DROP accounts) -
1) Update on changes (formerly
Omega Recordkeeping)
VI. OLD BUSINESS –
1) 175 Supplemental Benefit – Proposed ordinance & administrative rules
2) Change of Joint Annuitant/Beneficiary – Proposed ordinance status -
1
VII. NEW BUSINESS
:
A.Invoices for review and approval:
1. STW Fixed Income Mgt – Qtry fee $14,323.90
2. Rigel Capital Inc - Qtr end 12-31-09 - $7,533.31
3. DSM Capital Partners LLC – Qtry fee 3-31-2010 - $11,961.67
4. Bogdahn Group – qtry fee 12-31-2009 - $7,500
5. Tegrit Administration – Qtry fee 12-09 - $500
6. DGHM – Management fee 12-31-2009 - $10,189.80
7. Klausner & Kaufman – Service Nov, Dec ‘09 & Jan’10 - $12,064.25
8. Anchor Capital Advisors- Qtry fee 9-30-2009 - $6,140.68
9. GRS – Service Oct ’09 - $2,379, Nov. ’09 - $4,521 & Dec. ’09 - $2,022
10. Davidson, Jamieson & Cristini – Audit PYE 9-30-2009 - $8,700
11. Ellen Schaffer – Annual Support Fee - $1,500 and consulting fee- $105
12. Exact – Annual Service Renewal Fee - $465.95
B. Professional Indemnity Agency, Inc. –
Trustee Fiduciary Liability Policy-
Review and approval for renewal April 2010.
VIII. PENSION ADMINISTRATOR’S REPORT:
1.Benefits & terminations as of 02-01-2010
IX. COMMENTS
X. ADJOURNMENT
Next Meeting Date – Thursday, May 6, 2010 @ 2:00PM –
Renaissance Commons Executive Suites
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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