October 28, 2015

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[ General Employees Pension Board - Meeting Minutes ]
October 28, 2015

TOWN OF INDIALANTIC
Brevard County, Florida
GENERAL EMPLOYEES PENSION BOARD OF TRUSTEES
MINUTES NO. 16-02
October 28, 2015 9:00 a.m.
MINUTES OF A GENERAL EMPLOYEES PENSION BOARD MEETING HELD IN THE INDIALANTIC TOWN HALL ON OCTOBER 28, 2015

PRESENT: Vincent Benevente, Chairman
Amanda Konstant, Member
Lorraine Schulte, Member
Victoria Twitty-Mercer, Member
Joseph Carter, Morgan Stanley
Jennifer Small, Secretary

ABSENT: Karen Turja, Vice Chairperson (excused)

1. CALL TO ORDER

Chairman Benevente called the meeting to order at 9:00 AM.

2. CHANGES WITHIN THE MORGAN STANLEY TEAM

Joseph Carter announced to the Board that he will be resigning along with Tim Hester to focus on individual plans. Mr. Carter introduced Scott Owens of Graystone Consulting a business of Morgan Stanley, who will be taking over the plan. Mr. Owens told the Board that he would like to do an allocation study to see if he can reduce costs within the next couple of months with their permission. Mr. Owens presented the Board with a brochure from Graystone Consulting.

3. OTHER BUSINESS

A. Acceptance of new member: Joseph Autrey

Ms. Schulte moved to approve new member Joseph Autrey. Ms. Konstant seconded. Motion carried unanimously.

B. Acceptance of new member: Shawn Detsch

Ms. Konstant moved to approve new member Shawn Detsch. Ms. Schulte seconded. Motion carried unanimously.

C. Joseph Autrey-Refund of contributions

Ms. Konstant moved to approve Joseph Autrey’s refund of contributions. Ms. Schulte seconded. Motion carried unanimously.

4. PUBLIC COMMENT

There were no public comments.

5. ADJOURNMENT

The meeting adjourned at 9:20 am.

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Vincent Benevente, Chairman

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Jennifer Small, Secretary