Agenda 11-18-10
BOYNTON BEACH FIREFIGHTERS’ PENSION FUND
QUARTERLY BOARD MEETING
2:00 PM
Thursday, November 18, 2010 @
Renaissance Commons Executive Suites
1500 Gateway Blvd., Suite 220
Boynton Beach, FL 33426
AGENDA
. CALL TO ORDER –
Luke Henderson, Chairman
II. AGENDA APPROVAL -
III. APPROVAL OF MINUTES
– Quarterly Meeting August 12, 2010
IV. FINANCIAL REPORTS:
A.Gabriel, Roeder, Smith & Co – Steve Palmquist, ASA,MAAA,FCA
1)Supp Actuarial Valuation Report 3-18-2010 – changes in certain assumptions.
2) Ordinance 10-016 – Discussion – Administrative rules.
B. Bogdahn Consulting – Dave West
1)
InvestmentPerformance Review Quarter & PYE 9-30-2010.
C.Financial Statements – Balance Sheet/Change Fund Reserve –
July, August & Sept 2010
D. Attorney Report – Adam Levinson
th
1) Klausner & Kaufman, PA – 13 Annual Client Conference –
thrd
March 20- 23 2011
2) Div. of Retirement – Authorization for ACH Direct Deposit of 175 Money.
3) DGHM – Opt –Out Form. Clarification the form encompass all situations.
V. CORRESPONDENCE –
1)
Atalanta Sosnoff – Letter of 9-15-2010- Changes on Account Description.
2) STW – Guideline Exceptions Report – for period ending 9-30-2010.
3) Letter of 10-28-2010 – Retiree David Liu
VI. OLD BUSINESS – N/A
VII. NEW BUSINESS
:
A.Invoices for review and approval:
1. STW Fixed Income Mgt – Qtry fee 12-31-10 - $11,028.19
2 Atalanta Sosnoff – Quarterly fee 9-30-2010 - $7,330.00
1
3. DSM Capital Partners LLC – Qtry fee 12-31-2010 - $
4. Bogdahn Group – qtry fee 9-30-10 - $8,375
5. Tegrit Administration – Qtry fee 9-30--2010 - $500
6. DGHM – Management fee 9-30--2010 - $11,109.67
7. Klausner & Kaufman – Service Aug, Sept & Oct. 2010 - $3,540.00
9. GRS – Service August 31, 2010 - $1,907
10. Anchor Capital Advisors – Quarterly fee – 9-30-2010 - $8,952.31
11. Ellen Schaffer – Annual Support Fee - $1,500
12. FPPTA Annual Membership Fee 2011 - $600
13. Micro Focus – Renewal support fee - $115.07
B. Retirement Benefit Verification – Board review and approval –
1) James Witt – DROP Retirement
2) Ronald Keister – Noraml Retirement
C. Trustee Term expires for –
1)
Commission Appointed/Election by Firefighters
2)
Proposed change of term from 2 years to 4 years
D. Business Credit Card for Trustees
- Discussion
VIII. PENSION ADMINISTRATOR’S REPORT:
1.Benefits & terminations as of PYE 9-30-2010
2.Scheduled 2011 Quarterly Board Meetings
IX. COMMENTS
X. ADJOURNMENT
Next Meeting Date – Thursday, February 10, 2011 @ 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
.CC’(561)742-6060-
BY THE CITY PLEASE CONTACT ITY LERKS OFFICE AT LEAST TWENTYFOUR HOURS PRIOR TO THE PROGRAM OR
.
ACTIVITY IN ORDER FOR THE CITY TO REASONABLY ACCOMMODATE YOUR REQUEST
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