Agenda 05-30-08
CITY OF BOYNTON BEACH
GENERAL EMPLOYEES PENSION PLAN BOARD OF TRUSTEES
REGULAR QUARTERLY BOARD MEETING
Friday, May 30, 2008 @ 1:30 P.M.
Commission Chambers, City Hall
100 E. Boynton Beach Blvd.
Boynton Beach, FL 33435
AGENDA
I. OPENINGS:
A. Call to Order - Mayor Gerald (Jerry) Taylor, Chairman
II. AGENDA APPROVAL:
A. Additions, Deletions, Corrections
B. Adoption
III. APPROV AL OF MINUTES:
A. Special Meeting - March 28, 2008
B. Special Meeting - April 25, 2008
IV. REPORTS:
A. Investment Fund Summary, March 31,2008 - For your review
B. Davis Hamilton Jackson & Associates, March 31, 2008 - For your review
C. Actuarial Valuation as of October 1,2007 - Gabriel, Roeder, Smith & Co. - For your review
D. Presentations:
1. Quarterly Investment Review - Southeastern Advisory Services, Inc.
Jeff Swanson, Senior Consultant
2. Investment Strategy, First Quarter 2008 - Alliance Bernstein
Chris T oma / Joe Lawrence
V. CORRESPONDENCE:
A. Alliance Bernstein, April 29, 2008, Chris Toma
Permission to Hold Downgraded Securities
B. Alliance Bernstein, 1 st Quarter Proxy Report
C. JP Morgan "Year-to-date Consulting Services Fee" (October 1, 2007 - December 31, 2007)
D. Merrill Lynch
1. May 2, 2008, Sharon Kuccera, $10,719.92 check received for 12b-1 fees generated by our
account from January 1, 2008 - March 31, 2008
2. May 2,2008, Sharon Kuccera, 30-Day notice to terminate contract effective June 2,2008
3. May 9, 2008, Sharon Kuccera, Notice to suspend fees as of April 1, 2008 and related "Year-
to-date Consulting Services Fee" (October 1, 2007 - March 31, 2008)
E. Florida Public Pension Trustee Association, Annual Conference, June 29 - July 2, 2008
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VI. OLD BUSINESS:
A. Status Report - Insurance requirements for La Due, Inc.
See memo dated May 27,2008 to Mayor Jerry Taylor
VII. NEW BUSINESS:
A. Update of Authorized Signatories
B. Invoices for review and approval:
1. Alliance Bernstein - Quarterly Fees, April 1 - June 30, 2008
(1) $10,730.90 - Account 03731698
(2) $17,773.92 - Account 03731692
2. Arthur J. Gallagher - Fiduciary Liability, April 10, 2008 to April 10, 2009 - $14,420.00
3. The Boston Company - Quarterly Fees, January 1 - March 31,2008 - $6,842.83
4. Davis Hamilton Jackson - Quarterly Fees, January 1 - March 31, 2008 - $32,330.80
5. Gabriel Roeder Smith & Co. - Actuarial Services through April 30, 2008 - $6,379.00
6. Wachovia - Account 4046000161
(1) $885.55 - Fiduciary's Fee February 1-29,2008 (Invoice 147875)
(2) $885.55 - Fiduciary's Fee March 1-31,2008 (Invoice 148393)
(3) $900.29 - Fiduciary's Fee April 1-30, 2008 (Invoice 149031)
7. Wachovia - Account 4046000170
(1) $885.55 - Fiduciary's Fee February 1-29,2008 (Invoice 147876)
(2) $845.06 - Fiduciary's Fee March 1-31,2008 (Invoice 148394)
(3) $864.35 - Fiduciary's Fee April 1-30, 2008 (Invoice 149032)
C. Pension Administrator - Six month performance review
VIII. FUTURE AGENDA ITEMS:
IX. PUBLIC COMMENTS:
X. ADJOURNMENT-
NEXT REGULAR MEETING DATES - (Commission Chambers - City Hall):
· Friday, August 29, 2008 -1:30 P.M.
· Friday, December 5, 2008 -1:30 P.M.
Notice
IF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY THE BOARD WITH RESPECT TO ANY MATTER CONSIDERED AT THIS
MEETING, HE/SHE WILL NEED A RECORD OF THE PROCEEDINGS AND, FOR SUCH PUPOSE, 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 AUXILLIARY 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 REASONABLY ACCOMMODATE YOUR REQUEST.
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