CITY OF TITUSVILLE 

POLICE AND FIRE PENSION BOARD OF TRUSTEES REGULAR MEETING

TUESDAY, MAY 18, 2021, 9:30 A.M.

 CITY HALL COUNCIL CHAMBER

Any person who decides to appeal any decision of the Pension Board with respect to any matter considered at this meeting will need a record of the proceedings, and for such purpose, may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based.  In accordance with the Americans with Disabilities Act and Section 286.26, Florida Statutes, persons with disabilities needing special accommodations to participate in this meeting should call the City Clerk’s Office, 567-3775, at least 24 hours prior to the meeting.

I.            CALL TO ORDER

II.           DETERMINATION OF A QUORUM

III.          APPROVAL OF MINUTES

 IV.        INVESTMENT PRESENTATIONS/REPORTS            

Andco review quarterly performance

V.        PUBLIC/EMPLOYEES PRESENT

VI.       OFFICER AND MEMBER REPORT  

VII       STAFF REPORT

            A.  Approval of invoices/expenses as follows:

1. Fifth Third Bank for the following accounts:  R&D $2,920.59; Garcia Hamilton $277.76; DRZ

 $1,319.87; and Integrity $652.09 for quarter ending 3/31/21

2. DePrince, Race & Zollo in the amount of $18,870 for quarter end 3/31/21

3. Garcia Hamilton & Assoc. in the amount of $2,331.46 for quarter end 3/31/21

4. Integrity in the amount of $5,517.82 for quarter end 3/31/21

5. Sugarman & Susskind in the amount of $5,664.18 dated 4/15/21

6. RBC for quarter end 3/31/21 in the amount of $19,756.46

7. Andco Consulting in the amount of $9,288.18 for quarter end 3/31/21

8. Administrative fee for Plan Administrator $2758.34 monthly (auto debit)

9. Fees deducted from distribution for UBS in the amount of $3429.50 for quarter 3/31/21

10. Intercontinental 3/31/21 quarter end in the amount of $7,964 (deducted from distributions)

11. Ciox Health invoice for copy of medical records from Advent Health for disability claim
                                 of Javier Rodriguez dated 4/20/21 in the amount of $535.19

12. SIMED Health invoice for IME/record review of Javier Rodriguez in the amount of $1587.50

13. FPPTA Pension Fundamentals course 3/10/21 for Jermaine McKoy in the amount of $150 and
       approval for CPPT Registration and Beginning course 4/20 & 4/21/21 in the amount of $1400.

 B.  Acknowledge/approval of retirements/contribution refunds/buy-in/stop payments for the following:

      Retirement:  William Amos, Social Security Option to age 64 with 100% Joint Annuitant
       and 20% PLOP 3/1/21; Terminated vested member Wayne Paisley Life Only Social Security
       Option to age 66 and 2 months; John Lau revision to include career incentive     

        Contribution refunds (interest):  Potters, Hervochon, Connor, Quinn               

   C.  Deposit in the amount of $474.57 for securities litigation settlement from Wilmington Trust 

   D.  Submitted the declared rate of return to the City and State

    E.   FPPTA Conference June 27-30

     F.    Next meeting scheduled for August 17

VIII.     OLD BUSINESS

            Update regarding salaries used for benefit calculation

IX.      NEW BUSINESS

            Doug Lozen, Foster & Foster review of study with options of revision to assumed rate of return

X.       ATTORNEY’S REPORT

NOTE: If you are not a Trustee of the Pension Board, your absence from work must be charged to vacation or compensatory time. Your attendance will not be compensated (per Personnel Policies 6.02).