February 1, 2012

This material was filed under
[ General Employees Pension Board - Meeting Minutes ]
February 1, 2012

TOWN OF I N D I A L A N T I C
Brevard County, Florida 32903
GENERAL EMPLOYEES PENSION BOARD OF TRUSTEES
MINUTES 12-02
February 1, 2012 9:00 a.m.

MEETING OF A PENSION BOARD OF TRUSTEES – GENERAL EMPLOYEES MEETING HELD IN THE INDIALANTIC TOWN HALL ON FEBRUARY 1, 2012.

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

I. CALL TO ORDER AT 9:00 a.m.

Chairman Benevente called the meeting to order at 9:00 a.m.

II. ELECTION OF OFFICERS

A. Chairman

Mr. Cassedy moved to nominate Vince Benevente as Chairman. Ms. Turja seconded. Motion carried unanimously.

B. Vice-Chairman

Mr. Cassedy moved to nominate Jim Perrin as Vice-Chairman. Ms. Turja seconded. Motion carried unanimously.

III. APPROVAL OF MINUTES

A. Minutes 12-01, November 29, 2011

Mr. Cassedy moved to approve the minutes of November 29, 2011. Vice-Chairman Perrin seconded. Motion carried unanimously.

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

A. Discussion of the first quarter Portfolio and Performance Allocation

Mr. Carter did not recommend any rebalancing at this time

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

V. OTHER BUSINESS

A. Refund of benefits for Christopher Snyder

Vice-Chairman Perrin moved to approve the refund of benefits to Mr. Snyder. Ms. Turja seconded. Motion carried unanimously.

B. Retirement of Joseph Chiscon

Mr. Cassedy moved to accept the retirement of Joseph Chison effective April, 3, 2012. Vice-Chairman Perrin seconded. Motion carried unanimously.

VI. ADJOURNMENT

The Board adjourned at 9:40 a.m.

_______________________________________
Vincent Benevente, Chairman

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Jennifer M. Fortin, Recording Secretary