May 5, 2010

This material was filed under
[ General Employees Pension Board - Meeting Minutes ]
May 5, 2010

TOWN OF I N D I A L A N T I C
Brevard County, Florida 32903
GENERAL EMPLOYEES PENSION BOARD OF TRUSTEES
MINUTES 10-04
May 5, 2010 8:30 a.m.

MEETING OF A PENSION BOARD OF TRUSTEES – GENERAL EMPLOYEES MEETING HELD IN THE INDIALANTIC TOWN HALL ON May 5, 2010.

PRESENT
Vincent Benevente, Chairman
Jim Perrin, Vice-Chairman
Ron Cassedy, Member
Loredana Kalaghchy, Member
Anthony Breglio, Member
Jennifer Fortin, Recording Secretary
Joe Carter and Tim Hester (MSSB)

I. CALL TO ORDER AT 8:30 a.m.

Mr. Benevente called the meeting to order at 8:30 a.m.

II. APPROVAL OF MINUTES

A. Minutes 10-03, January 27, 2010

Mr. Cassedy moved to approve the minutes of January 27, 2010. Ms. Kalaghchy seconded. Motion carried unanimously.

III. NEW MEMBERS AND REFUND OF CONTRIBUTIONS

A. New Member – Kimberly Anders

Mr. Cassedy moved to accept Ms. Anders into the pension plan. Vice-Chairman Perrin seconded. Motion carried unanimously

B. Refund of Contributions – Amanda Walsh

Mr. Cassedy moved to refund Ms. Walsh her contributions to the fund. Vice Chairman Perrin seconded. Motion carried unanimously.

IV. REPORT FROM MORGAN JOSEPH CARTER AND TIM HESTER (MORGAN STANLEY)

Discussion of the second quarter Portfolio and Performance Allocation

There are no recommended changes at this time.

Ms. Kalaghchy moved to accept the report as presented. Vice-Chairman Perrin seconded. Motion carried unanimously.

V. ADJOURNMENT

Meeting adjourned at 9:20 a.m.

_______________________________________
Vincent Benevente, Chairman

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Jennifer Fortin, Recording Secretary