February 6, 2013

This material was filed under
[ General Employees Pension Board - Meeting Minutes ]
February 6, 2013

TOWN OF I N D I A L A N T I C
Brevard County, Florida 32903
GENERAL EMPLOYEES PENSION BOARD OF TRUSTEES
MINUTES 13-03
February 6, 2013 9:00 a.m.

MEETING OF A PENSION BOARD OF TRUSTEES – GENERAL EMPLOYEES MEETING HELD IN THE INDIALANTIC TOWN HALL ON FEBRUARY 6, 2013.

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

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

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

B. Vice-Chairman

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

III. APPROVAL OF MINUTES

A. Minutes, November 2, 2012, 13-01

Mr. Cassedy moved to approve Minutes 13-01. Ms. Turja seconded. Motion carried unanimously.

B. Minutes, December 21, 2012, 13-02

Vice-Chairman Perrin moved to approve Minutes 13-02. Ms. Turja seconded. Motion carried unanimously.

IV. REPORT FROM JOSEPH CARTER

A. Review and discussion of the 1st Quarter Performance Report

Mr. Carter presented the report.

Mr. Carter recommended the following changes to the Board:
Ø Recommended changing from Mainstay Large Cap Growth to Touchstone Sands Cap Select Growth Z
Ø Recommended changing from Thornburg International value to Oakmark International I

Vice-Chairman Perrin moved to accept the report with the recommended changes. Mr. Cassedy seconded. Motion carried unanimously.

V. OTHER BUSINESS

A. Discussion of resolution passed by Town Council January 15, 2013

No action taken by the Board.

B. FYI – Bank statements October 2012-December 2012

No action taken by the Board.

VI. ADJOURNMENT

Chairman Benevente moved to adjourn the meeting at 9:42 AM. Vice-Chairman Perrin seconded. Motion carried unanimously.

_______________________________________
Vincent Benevente, Chairman

_______________________________________
Jennifer M. Fortin, Recording Secretary