December 16, 2015

This material was filed under
[ General Employees Pension Board - Meeting Minutes ]
December 16, 2015

TOWN OF INDIALANTIC
Brevard County, Florida
GENERAL EMPLOYEES PENSION BOARD OF TRUSTEES
MINUTES NO. 16-05
December 16, 2015 9:00 a.m.
MINUTES OF A GENERAL EMPLOYEES PENSION BOARD MEETING HELD IN THE INDIALANTIC TOWN HALL ON DECEMBER 16, 2015

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

1. CALL TO ORDER

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

2. APPROVAL OF MINUTES

A. Minutes 16-03 – November 6, 2015
B. Minutes 16-04 – November 18, 2015

Ms. Schulte moved to approve items A-B. Ms. Konstant 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.

Ms. Schulte moved to approve the actuarial report for FY-15. Ms. Konstant seconded. Motion carried unanimously.

4. OTHER BUSINESS

A. Appointment of a new Chairperson and a Vice Chairperson

Ms. Twitty-Mercer moved to nominate Karen Turja as Chairperson. Ms. Schulte seconded. Motion carried unanimously.

Ms. Turja moved to nominate Lorraine Schulte as Vice Chairperson. Ms. Konstant seconded. Motion carried unanimously.

B. Action regarding passing Resolution GEP 16-01 and Resolution GEP 16-02 to join
the Florida League of Cities Fund

Ms. Schulte moved to approve Resolution GEP 16-01 and Resolution GEP 16-02. Ms. Konstant seconded. Motion carried unanimously.

5. PUBLIC COMMENT

Deputy Mayor Stuart Glass told the Board that Florida League of Cities offers free classes.

6. ADJOURNMENT

The meeting adjourned at 9:43 am.

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Karen Turja, Chairperson

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Jennifer Small, Secretary