August 4, 2010

This material was filed under
[ General Employees Pension Board - Meeting Minutes ]
August 4, 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 10-06
August 4, 2010 8:30 a.m.

MEETING OF A PENSION BOARD OF TRUSTEES – GENERAL EMPLOYEES MEETING HELD IN THE INDIALANTIC TOWN HALL ON August 4, 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 8:35 a.m.

II. APPROVAL OF MINUTES

A. Minutes 10-04, May 5, 2010
B. Minutes 10-05, June 24, 2010

Mr. Cassedy moved to approve the minutes of May 5, 2010 and June 24, 2010. Ms. Kalaghchy seconded. Motion carried unanimously.

III. NEW MEMBERS

A. New Member – Julie Dishong

Mr. Cassedy moved to accept Ms. Dishong into the pension plan. Chairman Benevente seconded. Motion carried unanimously

B. New Member – Eve Owens

Mr. Cassedy moved to accept Ms. Owens into the pension plan. Ms. Kalaghchy seconded. Motion carried unanimously.

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

Discussion of the third quarter Portfolio and Performance Allocation

There are no recommended changes at this time.

Ms. Kalaghchy moved to accept the report as presented. Mr. Cassedy seconded. Motion carried unanimously.

V. OTHER BUSINESS

A. Approval of invoice in the amount of $500.00 from Foster & Foster

Ms. Kalaghchy moved to approve the invoice from Foster & Foster in the amount of $500.00. Mr. Cassedy seconded. Motion carried unanimously.

VI. ADJOURNMENT

The meeting adjourned at 9:14 AM

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Vincent Benevente, Chairman

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Jennifer Fortin, Recording Secretary