January 25, 2012

This material was filed under
[ Police/Fire Pension Board of Trustees - Meeting Minutes ]
January 25, 2012

TOWN OF I N D I A L A N T I C
Brevard County, Florida 32903
PENSION BOARD OF TRUSTEES – POLICE/FIRE
MINUTES 12-04
January 25, 2012 10:30 a.m.

MEETING OF A PENSION BOARD OF TRUSTEES – POLICE/FIRE MEETING HELD IN THE INDIALANTIC TOWN HALL ON JANUARY 25, 2012.

PRESENT:
Gerald Kowalski, Chairman
Sgt. Mike Casey, Secretary
Sgt. Mike Connor
Mike Humphrey, Member
Bonni Jensen, Esq.
Dan Johnson, Bogdahn Group
Jennifer Fortin, Recording Secretary

ABSENT:
Bruce Bogert, Member

I. CALL TO ORDER AT 10:30 p.m.
Chairman Kowalski called the meeting to order at 10:30 a.m.

II. OATH OF OFFICE
A. Sgt. Michael Connor

The secretary swore in Sgt. Michael Connor as a new member to the Police/Fire Pension Board of Trustees.

III. ELECTION OF OFFICERS
A. Chairman

Sgt. Mike Casey moved to nominate Gerald Kowalski. Sgt. Connor seconded. Motion carried unanimously.

B. Vice-Chairman/Secretary

Sgt. Connor moved to nominate Sgt. Casey as Vice-Chairman/Secretary. Chairman Kowalski seconded. Motion carried unanimously.

IV. APPROVAL OF MINUTES
A. Minutes 12-03, December 5, 2011

Sgt. Casey moved to approve minutes12-03 as presented. Chairman Kowalski seconded. Motion carried unanimously.

V. REPORT FROM THE BOGDAHN GROUP
A. Discussion of the 1st Quarter Performance Report

Mr. Johnson had no recommended changes at this time.

Sgt. Casey moved to accept the report as presented. Sgt. Connor seconded. Motion carried unanimously.

The Board approved to have the secretary send funds to Salem Trust and coordinate with Dan Johnson from the Bogdahn Group.

Mr. Johnson notes that Salem Trust might want to come to the next meeting and discuss any changes.

VI. OTHER BUSINESS
A. Approval of invoice #70808 from Attorney Jensen in the amount of $2,059.08
B. Approval of invoice #70846 from Attorney Jensen in the amount of $254.75
C. Approval of invoice #7067 from The Bogdahn Group in the amount of $3,875.00
D. Approval of invoice #1562 from Integrity Fixed Income in the amount of $1,078.22

Sgt. Casey moved to approve items A-D, for payment. Sgt. Connor seconded. Motion carried unanimously.

D. Task Force on Public Employee Disability Presumptions – Attorney Jensen

This is an FYI for the Board. A packet has been handed out for review by the Board.

E. Addendum to Actuary Agreement – Attorney Jensen

This is an FYI for the Board regarding the changes with Foster & Foster from the previous meeting.

F. Summary Plan Description

Sgt. Casey moved to approve the Summary Plan Description. Sgt. Connor seconded. Motion carried unanimously.

G. Mr. Bogert is not able to make the meetings set for the last Wednesday of the month.

Sgt. Casey moved to have the Pension Board meeting moved to the last Thursday of the month. Sgt. Connor seconded. Motion carried unanimously.

VII. ADJOURMENT
The Board adjourned at 11:40 p.m..

__________________________________
Gerald Kowalski, Chairman

__________________________________
Jennifer M. Fortin, Recording Secretary