Agenda 08-10-10
BOYNTON BEACH POLICE OFFICERS' PENSION FUND
QUARTERLY BOARD MEETING
Tuesday, August 10,2010 @ 9:30 AM
Renaissance Executive Suites - Conference Room #1
1500 Gateway Blvd., Suite # 220
Boynton Beach, FL 33426
AGENDA
I. CALL TO ORDER - Lt. Gary Chapman, Chairman
II. AGENDA APPROVAL
III. APPROV AL OF MINUTES - Special Meeting April 21, 2010
Quarterly Meeting May 11,2010
Special Meeting June 1, 2010
IV. FINANCIAL REPORTS:
A) Quarterly Investment Review - June 30, 2010
1.) Russell Investment Group - Glenn Harris, Client Executive-
1) Portfolio review
2) Asset Allocation and Rebalancing- review and discussion
2.) Burgess Chambers & Associates (BCA) - Burgess Chambers, President
1) Fund Performance review -
3.) Financial Statements - Balance Sheet/Change in Fund Reserve -
May and June 2010
V. CORRESPONDENCE:
1) Robbins Geller Rudman & Dowd, LLP - Settlement Reports-Jul/Aug 2010
2) State Street - Berwyn Group's National Master Death report May 2010
VI. OLD BUSINESS:
1) Revised October 1, 2009 Actuarial Valuation Report -GRS 7-19-2010-
Funding requirements based on bi-weekly contributions by Employer.
VII. NEW BUSINESS:
A. Invoices for review and approval:
1. Russell Investment Gp. - Quarter End 6-30-2010 - $
2. Russell Payment Services - Quarter End 6-30-2010 - $967.16
3. Perry & Jensen - Service May & June 2010 - $3,325.60
4. Burgess Chambers & Assoc - 2nd Qtr 2010 fee - $5,000
5. Gabriel, Roeder, Smith & Co- Service June 2010 - $2,631
1
B. Verification of Benefits - Frank Briganti and Steven Schoenfeld for review and Board
approval.
C. Russell E-Mail June 2010 - Permission for use of Company name in multi-media.
D. Early registration discount for 23rd Annual NAPO seminar -
E. Goldstein Schechter Koch - Auditor Letter of Engagement 5-21-2010
F. DROP loan payoff - Question on Interest recognized?
E. Attorney Report - Bonni Jensen
1) Class Action Report request, letter of7-30-2010
VIII. PENSION ADMINISTRATOR'S REPORT
1. Benefits, terminations & DROP accounts as of 08-01-2010.
2. "Alive & Well" statements 3rd request 8-2-2010
IX. COMMENTS:
X. ADJOURNMENT:
Next Regular Meeting Date - Tuesday, November 9, 2010 @ 9:30 a.m. -
Renaissance Commons
If you cannot attend, please call Barbara @ 561-739-7972
NOTICE
IF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY THE POLICE OFFICERS' 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 CITY CLERK'S OFFICE, (56]) 742-6060 AT LEAST TWENTY-FOUR HOURS PRIOR TO THE PROGRAM OR
ACTIVITY IN ORDER FOR THE CITY TO REASONABL Y ACCOMMODATE YOUR REQUEST.
S:\CC\WP\JANET\POLlCE PENSION FUND.doc
2