April 23, 2015

This material was filed under
[ Police/Fire Pension Board of Trustees - Meeting Minutes ]
April 23, 2015

TOWN OF I N D I A L A N T I C
Brevard County, Florida 32903
PENSION BOARD OF TRUSTEES – POLICE/FIRE
MINUTES 15-05
April 23, 2015 10:30 AM

PRESENT: Gerald Kowalski, Chairman
Sgt. Mike Casey, Secretary
Chief Thomas Flamm, Fire Dept. Member
Dan Johnson, Bogdahn Group
Bonni Jensen, Esq.
Jennifer Small, Recording Secretary

ABSENT: Bruce Bogert, Member (excused)
Michael Conner, PD Member

1. CALL TO ORDER AT 10:30 AM

Chairman Kowalski called the meeting to order at 10:30 am

2. APPROVAL OF MEETING MINUTES

A. Minutes 15-04, January 22, 2015

Chief Flamm moved to approve the minutes. Sgt. Casey seconded. Motion carried unanimously.

3. REPORT FROM DAN JOHNSON, THE BOGDAHN GROUP

A. Acceptance of the 2nd Quarter Performance Report

Mr. Johnson presented the performance report for January through March 2015.

Sgt. Casey moved to approve the 2nd Quarter Performance Report. Chief Flamm seconded. Motion carried unanimously.

4. REPORTS FROM ATTORNEY JENSEN

A. Affidavit of Disability

B. Affidavit of Retiree

Sgt. Casey moved to adopt the forms listed as items A and B. Chief Flamm seconded. Motion carried unanimously.

C. Summary Plan Description

Chief Flamm moved to accept the updated version of the Summary Plan Description. Sgt. Casey seconded. Motion carried unanimously.
5. OTHER BUSINESS

A. Request from Scott Elliott to repay his offset with a lump sum payment at present value amount

Leland Snyder from Tony Oliver’s office, representing Scott Elliott, addressed the Board. Mr. Snyder asked the Board to approve Mr. Elliott’s request to pay his offset with a lump sum payment.

Sgt. Casey moved to approve the lump sum payment of $43,360.67, minus any monies previously paid towards the offset in the last couple of months. Chief Flamm seconded. Motion carried unanimously.

B. Approval of invoice #72958 from Attorney Jensen in the amount of $2,267.32
C. Approval of invoice #72894 from Attorney Jensen in the amount of $2,650.05
D. Approval of invoice #73002 from Attorney Jensen in the amount of $914.40
E. Approval of invoice #11803 from The Bogdahn Group in the amount of $3,875.00
F. Approval of invoice #1883 from Integrity Fixed Income Management in the amount of $1,425.96
G. Approval of invoice #7112 from Foster & Foster in the amount of $2,538.00 H. Approval of Fiduciary Liability Insurance for policy term 5/9/2015-5/9/2016 in the amount of $1,732.50

Sgt. Casey moved to approve items B-H for payment. Chief Flamm seconded. Motion carried unanimously.

I. Acceptance of new member: Logan T. Leatherman

Chief Flamm moved to accept new member Logan T. Leatherman. Sgt. Casey seconded. Motion carried unanimously.

J. Approval of frequency and fee for DROP statements – the fee is $60 per employee per statement in DROP plan. The choices are: quarterly, semi annual or an annually basis.

After some discussion, Chief Flamm moved to approve semi-annual statements. Sgt. Casey seconded. Motion carried unanimously.

K. Bank statements January-March 2015-presented for informational purposes only

6. PUBLIC COMMENT

7. ADJOURMENT

Sgt. Casey moved to adjourn the meeting at 11:28 am. Chief Flamm seconded. Motion carried unanimously.

__________________________________
Gerald Kowalski, Chairman

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Jennifer Small, Recording Secretary