November 2, 2012

This material was filed under
[ Police/Fire Pension Board of Trustees - Meeting Minutes ]
November 2, 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 13-01
November 2, 2012 8:30 a.m.

MEETING OF A PENSION BOARD OF TRUSTEES – POLICE/FIRE MEETING HELD IN THE INDIALANTIC TOWN HALL ON NOVEMBER 2, 2012.

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

I. CALL TO ORDER AT 10:30 p.m.
Chairman Kowalski called the meeting to order at 8:30 a.m.

II. APPROVAL OF MINUTES
A. Minutes 12-06, July 26, 2012

Sgt. Casey moved to approve minutes12-06 as presented. Sgt. Connor seconded. Motion carried unanimously.

III. REPORT FROM THE BOGDAHN GROUP
A. Discussion of the 4th Quarter Performance Report

Mr. Johnson had no recommended changes at this time.

Mr. Johnson requested Diversified fixed income opportunities be added to the February 2013 agenda.

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

IV. FOSTER & FOSTER
A. Doug Lozen presented the 10-1-12 actuarial valuation report

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

V. OTHER BUSINESS
A. Approval of invoice #8157 from The Bogdahn Group in the amount of $3,875.00
B. Approval of invoice #71248 from Attorney Jensen in the amount of $960.20
C. Approval of invoice #71321 from Attorney Jensen in the amount of $240.00
D. Approval of invoice #71381 from Attorney Jensen in the amount of $457.50
E. Approval of invoice #1635 from Integrity Fixed Income in the amount of $1,129.39

Mr. Bogert moved to approve Items A-E for payment. Sgt. Casey seconded. Motion carried unanimously.

F. FYI – Salem Trust automatic charge to account in the amount of $1,250.00
G. FYI – Letter from Integrity Fixed Income
H. FYI – Letter from Salem Trust – Re: Shareholder Fees
I. FYI – Letter from Salem Trust – RE: Class Action Processing Enhancements
J. Class Action Processing Enhancements – Attorney Jensen
K. FYI – Bank Statements July 2012-September 2012

No action taken by the Board for Items F-K.

Next meeting will be Thursday, January 24, 2013 at 10:30 a.m.

VII. ADJOURMENT
The Board adjourned at 9:34 a.m.

__________________________________
Gerald Kowalski, Chairman

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Jennifer M. Fortin, Recording Secretary