November 18, 2015

This material was filed under
[ General Employees Pension Board - Meeting Minutes ]
November 18, 2015

TOWN OF INDIALANTIC
Brevard County, Florida
GENERAL EMPLOYEES PENSION BOARD OF TRUSTEES
MINUTES NO. 16-04
November 18, 2015 9:00 a.m.
MINUTES OF A GENERAL EMPLOYEES PENSION BOARD MEETING HELD IN THE INDIALANTIC TOWN HALL ON NOVEMBER 18, 2015

PRESENT: Vincent Benevente, Chairman
Karen Turja, Vice Chairperson
Lorraine Schulte, Member
Amanda Konstant, Member
Victoria Twitty-Mercer, Member
Jennifer Small, Secretary

1. CALL TO ORDER

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

2. OTHER BUSINESS

A. Acceptance of new member: Joan Clark

Ms. Turja moved to accept new member Joan Clark. Ms. Schulte seconded. Motion carried unanimously.

B. Discussion of various options for the plan

Karen presented to the Board a page of notes she had made with various fees that the different investment groups charge.

After discussion, Ms. Schulte moved to tentatively choose Florida League of Cities to handle the plans investments, pending the amount of costs to switch the plan from Morgan Stanley. Ms. Turja seconded. Motion carried unanimously.

3. PUBLIC COMMENT

There were no public comments.

4. ADJOURNMENT

The meeting adjourned at 9:17 am.
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Karen Turja, Vice Chairperson

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Jennifer Small, Secretary