CALL TO ORDER 1103
1. AGENDA APPROVAL
Action Request: Motion to approve the August 26, 2019 Police Officers’ Pension Board agenda. Jf/mf 4-0
2. PUBLIC COMMENT
3. APPROVAL OF MINUTES
A. February 25, 2019 Disability Hearing Minutes
B. May 13, 2019 Board Minutes
Action Request: Motion to approve the minutes as provided. Mf/rw 4-0
4. APPROVAL OF EXPENSES (TAB 2)
A) Christiansen and Dehner: Invoices Dated April, May, June and July 2019
B) &CO Invoice #32465
C) Anchor Capital Advisors: Invoices Dated April 1 to June 30 2019
D) Salem Trust Invoice for April to June 2019
E) Sawgrass High Quality Core Fixed Income Invoice for Quarter Ending June 2019
F) Foster & Foster Invoice #13879
Action Request: Motion to ratify the paid expenses as presented. Jf/rl 4-0
5. PROPOSED 2020 BOARD MEETING DATES (TAB 3)
· February 24
· May 25*
· August 31
· November 30
All meetings will begin at 11:00 a.m.
*This date is Memorial Day; Attorney Christiansen’s Office has been contacted to move the date to another Monday in May or June.
Action Request: Motion to approve the 2020 Police Pension Board meeting dates. Mf/rw 4-0
6. INVESTMENT REVIEW
John Thinnes, & Co., will present the end of quarter investment review.
Quarter ended 13558845
JT discussed the performance for each manager for the quarter.
Discussion of having a more diverse all cap instead of mostly large cap.
Is fine with all managers.
Fees have increases 19500 flat fee annually. 3k increase for 3 years. Add 2 basis points to the Portfolio. 62 basis points.
addendum to the motion maker and second agree.
7. FISCAL YEAR 2019-2020 POLICE PENSION BUDGET
Based on the above discussion 22500
Action Request: Motion to adopt the fiscal year 2019-2020 Police Pension Plan Budget. Mf/jf 4-0
8. BENEFITS DISBURSEMENT APPROVAL
A. Drop Participant
B. Separated Non Vested Employees
· Chris Huddleston
C. Separated Vested Employees
D. Retired Employees
E. Deceased Retirees
F. Deceased Active Employee Payout
Action Request: Motion to approve the Benefits Disbursements as presented. Mf/rw 4-0
9. NEW MEMBER ACKNOWLEDGEMENT (Informational Only) (TAB 6)
· Donell Deleon-Thompson
· Michael DeGraeve
· Zoltan Ambrus
· Joel Hosein
10. ATTORNEY CHRISTIANSEN’S REPORT
SC-vacancy. Please get it filled. Resident.
Authorize for update to SPD.
Discussed status of upcoming disability hearing. Will probably need a special
11. PLAN ADMINISTRATOR’S REPORT
MF check on CPU for cppt.
Posted and Distributed: August 21, 2019
Next Meeting Date: November 25, 2019