November 6, 2015

This material was filed under
[ General Employees Pension Board - Meeting Minutes ]
November 6, 2015

TOWN OF INDIALANTIC
Brevard County, Florida
GENERAL EMPLOYEES PENSION BOARD OF TRUSTEES
MINUTES NO. 16-03
November 6, 2015 10:00 a.m.
MINUTES OF A GENERAL EMPLOYEES PENSION BOARD MEETING HELD IN THE INDIALANTIC TOWN HALL ON NOVEMBER 6 2015

PRESENT: Vincent Benevente, Chairman
Karen Turja, Vice Chairperson
Lorraine Schulte, Member
Scott Owens, Graystone Consulting/Morgan Stanley
Jennifer Small, Secretary

ABSENT: Amanda Konstant, Member (excused)
Victoria Twitty-Mercer, Member (excused)

1. CALL TO ORDER

Chairman Benevente called the meeting to order at 10:00 AM.

2. APPROVAL OF MINUTES

A. Minutes 15-07 – August 5, 2015
B. Minutes 16-01 – October 22, 2015
C. Minutes 16-02 – October 28, 2015

Ms. Turja moved to approve items A-C. Ms. Schulte seconded. Motion carried unanimously.

3. REPORT FROM SCOTT OWENS, GRAYSTONE CONSULTING/MORGAN STANLEY

A. Review and discussion of the 4th Quarter Performance Report

Mr. Owens presented the quarterly report for the period of July through September, 2015.

Ms. Turja moved to accept the report. Ms. Schulte seconded. Motion carried unanimously.

4. OTHER BUSINESS

A. Discussion on dates of upcoming meetings – tabled

B. Discussion of various options for the plan – tabled

C. Discussion regarding investment payments sent to Morgan Stanley

Ms. Turja moved to approve not sending anymore investment payments to Morgan Stanley at this time. Ms. Schulte seconded. Motion carried unanimously.

D. Bank Statements for July – September 2015 – presented for informational purposes only.

4. PUBLIC COMMENT

There were no public comments.

5. ADJOURNMENT

The meeting adjourned at 11:07 am.

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Karen Turja, Vice Chairperson

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Jennifer Small, Secretary