Agenda 02-12-08
BOYNTON BEACH POLICE OFFICERS' PENSION FUND
QUARTERLY BOARD MEETING
Tuesday, February 12,2008 @ 9:30 AM
Commission Chambers, City Hall
AGENDA
I. CALL TO ORDER - Lt. Gary Chapman, Chairman
II. AGENDA APPROVAL
III. APPROVAL OF MINUTES - Quarterly Meeting November 13, 2007
III.-A TRUSTEE POSITION:
1) Gary Chapman - Board appointed trustee term expired December 2007
2) NominationlElection pending for expired trustee position December 2007 _
Jeff Katz - elected position
IV. FINANCIAL REPORTS:
A. Goldstein Schechter Price Lucas Horwitz & Co. P A-
Jerry Reiss, CPA and Clement Johns, CPA
1) Audit review with Financial Statements - PYE 9-30-2007
B. Gabriel Roeder Smith & Company - Steve Palmquist, Senior Actuary
1) Actuarial Valuation Report - PYE 9-30-2007
C. Quarterly Investment Review -
A. Russell Investment Group - Frank Nash, Client Executive-
1) Performance review for December 31, 2007
2) Board approved Asset allocation letter of Nov. 20, 2007
B. Burgess Chambers & Associates (BCA) - Burgess Chambers, President
1) Fund Performance review as of December 31,2007
V. CORRESPONDENCE
1. "Coughlin Stoia" -Class Action Settlements quarter ending 12-31-2007.
2. Death Check by the Berwyn Group through State Street Retiree Services.
VI. OLD BUSINESS
1) Trustee Fiduciary Liability Coverage - RFQ in process - Current broker
Carolyn Furlong, Benefits, USA - Pete Pryor - Policy renewal April 10, 2008.
VII. NEW BUSINESS
1) Police retiree or active officer with personal situations for review with Pension
Attorney - responsibility of attorney costs.
2) Verification of retirement benefits - Gary Chapman
A. Invoices for review and approval:
1. Russell Investment Gp. - Quarter End 12-31-2007 - $77,367.00
2. Russell Payment Services - Quarter End -30-2007 _ $
3. Burgess Chambers & Assoc - Quarter End 12-31-2007 - $3,750
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4. Hanson, Perry & Jensen - Service Nov/Dec 2007 & Jan '08 - $1,575.10
5. Gabriel, Roeder, Smith & Co. Service thru 11-30-2007 - $3,439
and services thru 12-31-2007 - $1,809
Invoice paid for final amount approval:
6. R&S Integrated Services- Scanner, equipment & Services - $1,018.50
B. Attorney Report - Bonni Jensen
1. Healthcare Enhancement for Local Public Safety ("HELPS") Reporting
Instructions.
2. Governmental Agency Use of Social Security Numbers - Florida Statutes
VIII. PENSION ADMINISTRATOR'S REPORT
1. Benefits, terminations, DROP rollover balances as of2-01-2008.
IX. COMMENTS
X. ADJOURNMENT
Next Regular Meeting Date - Tuesday, May 13,2008 @ 9:30 a.m. _
Commission Chambers
If you cannot attend, please call Barbara @ 742-6081.
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 JOYCE COSTELLO, (561) 742-6013 AT LEAST TWENTY-FOUR HOURS PRIOR TO THE PROGRAM OR
ACTIVITY IN ORDER FOR THE CITY TO REASONABL Y ACCOMMODATE YOUR REQUEST.
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