General Employee's Pension Board - November 21, 2023 1:00 P.M.

  1. Agenda

  CITY OF TITUSVILLE

GENERAL EMPLOYEES’ BOARD OF TRUSTEES REGULAR MEETING

TUESDAY, NOVEMBER 21, 2023, 1:00 P.M.

CITY HALL COUNCIL CHAMBER, 555 S. WASHINGTON AVE, TITUSVILLE, FL 32796

 

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.

 

  1. CALL TO ORDER
  2. DETERMINATION OF A QUORUM 
  3. APPROVAL OF MINUTES
  4. INVESTMENT PRESENTATIONS/REPORTS

                Review of quarterly investment performance by &CO Consulting

  1. REQUESTS FROM THE PUBLIC/EMPLOYEES PRESENT 
  2. OFFICER AND MEMBER REPORTS
  3. STAFF REPORT    
  1. Approval of expenses:

A.  Fifth Third Bank for the following accounts:  R&D $2,341.66; Integrity $565.44; TIPS $100.06; Brandy $1217.29 for quarter end 9/30/23

B.  Brandywine for quarter end 6/30/23 $16,908.96 and quarter end 9/30/23 $17,583.74

C.  Integrity in the amount of $4,687.91 & TIPS in the amount of $488.03 for quarter end 9/30/23

D.  RBC Global for quarter end 9/30/23 in the amount of $19,346.09

E.  Sugarman & Susskind in the amount of $856.23 dated 9/21/23

F.  &Co Consulting in the amount of $9,853.83 for quarter ending 9/30/23

G.  American Realty in the amount of $3,812.89 for quarter end 9/30/23 (deducted from distributions)

H. Administrative fee for Plan Administrator $3601.62 monthly (automatic debit) 

I.  Intercontinental quarterly fees 9/30/23 (deducted from distributions) $9110

J.  Foster & Foster dated 11/7/23 in the amount of $2,109

K. FPPTA 2024 annual membership renewal in the amount of $750.00

L. FPPTA 2024 Recertification for Stan Retz and Connie Rose ($31 ea)  in the amount of $62.00

M.FPPTA travel expenses for annual school for Julie Enright $1803.46 and Connie Rose $1696.22

N. Fiduciary Liability insurance renewal effective 10/1/23 in the amount of $8,094.00.

                          2.    Approval of 2024 meeting schedule as follows: February 20, May 21, August 20, November 19

                         3.    Approval/Acknowledgement of the retirements/contribution refunds/buy-in/stop payments:

Retirement(s): Terminated vested members Steven Fox Life only 11/1/23; Herbert Shannon 100% Joint Annuitant 11/1/23; Kristoffer Harvey 100% Joint Annuitant 11/1/23

Contribution refund(s): After Plan benefits only:  Darian Fears, Joshua Mesnick, Justin Taylor, Jan Bornhausen, Alan Fuller, Ashlyn Godwin, Tucker Bellas, Jeffrey Sirois, Charone Curry, Joshua Ahn, Christopher Rolands, Tommy Cobb Jr., Brett Adams, Craig Graham Jr., Summer Lowe, Joseph Hamm, Alissa Foss, Jvonte Weaver, Richard Elliott, Daniel Jackson, Bryan Deal, Bradley Fenton

Stop payment:  Edward Davis 11/1/23

Credited Service Purchase:  Rakchanok Conley 4 years of service

                         4.  Acknowledge Plan Administrator registered by the November 3 deadline with the Division of
                                  Retirement to access the portal for HB 3 reporting requirement 

VIII. OLD BUSINESS

  1. Travel expense policy revision to include language “Policy supersedes any language in conflict”
            effective with the policy approved 8/22/23
  2. Update regarding portal for benefit calculations

IX. NEW BUSINESS

None

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).