April 25, 2013

This material was filed under
[ Police/Fire Pension Board of Trustees - Meeting Minutes ]
April 25, 2013

TOWN OF I N D I A L A N T I C
Brevard County, Florida 32903
PENSION BOARD OF TRUSTEES – POLICE/FIRE
MINUTES 13-03
April 25, 2013 10:30 a.m.

MEETING OF A PENSION BOARD OF TRUSTEES – POLICE/FIRE MEETING HELD IN THE INDIALANTIC TOWN HALL ON APRIL 25, 2013.

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

ABSENT:
Sgt. Mike Connor, Member (excused)
Mike Humphrey, Member (excused)

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

II. APPROVAL OF MINUTES
A. Minutes 13-01, November 2, 2012

Mr. Bogert moved to approve minutes 13-02 as presented. Sgt. Casey seconded. Motion carried unanimously.

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

Mr. Johnson did not recommend any changes at this time.

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

IV. OTHER BUSINESS
A. Approval of invoice #8727 from The Bogdahn Group in the amount of $3,875.00
B. Approval of invoice #71588 from Attorney Jensen in the amount of $962.15
C. Approval of invoice #71644 from Attorney Jensen in the amount of $53.30
D. Approval of invoice #71686 from Attorney Jensen in the amount of $448.70
E. Approval of invoice #1687 from Integrity Fixed Income in the amount of $1,149.57
F. Approval of invoice FMIT#0268 for $1,484.04 and $126.63 for a total of $1,610.67

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

G. Acceptance of tiffany Verderosa into the pension plan.

Sgt. Casey moved to accept Officer Verderosa into the plan. Mr. Bogert seconded. Motion carried unanimously.

H. Senate Bill 458/HB 1399 – Attorney Jensen

Attorney Jensen gave background on the bill.

I. Summary Plan description update – Attorney Jensen

Attorney Jensen noted some changes to the SPD to be approved by the Board

Mr. Bogert moved to approve the changes commended by Attorney Jensen. Sgt. Casey seconded. Motion carried unanimously

J. FYI – 2013 transition letter form Salem Trust

No action taken by the Board.

K. FYI – Letter from Integrity Fixed Income

No action taken by the Board.

L. FYI – Bank Statements from January 2013-March 2013

For informational purposes only

M. Approval of retirement benefits for Jon Macdonald

Mr. Bogert approved retirement benefits for Jon Macdonald. Sgt Casey seconded. Motion carried
unanimously.

Sgt. Casey mentioned a plan member had contacted Attorney Jensen without bringing it to the board and has noted that any plan member needing or wanting to speak to the board attorney need to put their concern or issue in writing to the board. There was a consensus from the board on this matter

V. ADJOURMENT
The Board adjourned at 11:04 a.m.

__________________________________
Gerald Kowalski, Chairman

__________________________________
Jennifer M. Fortin, Recording Secretary