December 16, 2015

This material was filed under
[ Police/Fire Pension Board of Trustees - Meeting Minutes ]
December 16, 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 16-02
December 16, 2015 10:30 AM

PRESENT: Gerald Kowalski, Chairman
Sgt. Mike Casey, Secretary
Michael Conner, PD Member
Chief Thomas Flamm, Fire Dept. Member
Bruce Bogert, Member
Jennifer Small, Recording Secretary

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 16-01, November 5, 2015

Mr. Bogert moved to approve the minutes. Sgt. Casey seconded. Motion carried unanimously.

3. DOUGLAS LOZEN FROM FOSTER & FOSTER – PRESENTATION OF ACTUARIAL REPORT FOR FY-15

Doug Lozen, Foster & Foster, presented the actuarial report for FY-15,

Mr. Bogert moved to approve the Actuarial Report for FY-15. Sgt. Casey seconded. Motion carried unanimously.

Mr. Lozen presented the Board with an Assumption Report that was requested at the last meeting. The report showed the return assumption rates of 7.75% and 7.50%.

4. OTHER BUSINESS

A. Approval of invoice #17336 from Attorney Jensen in the amount of $225.00
B. Approval of invoice #17480 from Attorney Jensen in the amount of $620.00
C. Approval of invoice #8130 from Foster & Forster in the amount of $9,838.00

Mr. Bogert moved to approve items A-C. Sgt. Casey seconded. Motion carried unanimously.

Chief Flamm asked for clarification from Attorney Jensen for being charged twice for reviewing the agenda on invoice #17336. Secretary Ms. Small agreed to email Attorney Jensen for more information concerning the charge.

D. Reappointment of Sgt. Michael Connor as a member of the pension board

Reappointment of Sgt. Michael Connor was withdrawn and will be added to the next meeting’s agenda.

Sgt. Connor asked the Board if the meeting times could be changed to 2 pm in the future. The Board agreed pending approval from Dan Johnson and Bonni Jensen.

5. ADJOURMENT

Chief Flamm moved to adjourn the meeting at 11:06 am. Sgt. Casey seconded. Motion carried unanimously.

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Gerald Kowalski, Chairman

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Jennifer Small, Recording Secretary