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The City of Titusville, Florida / Boards & Commissions / General Employees' Pension Board

General Employees' Pension Board - Agenda
Tuesday, February 18, 2020

CITY OF TITUSVILLE
GENERAL EMPLOYEES’ BOARD OF TRUSTEES REGULAR MEETING
TUESDAY, FEBRUARY 18, 2020, 1:00 P.M.
COUNCIL CHAMBER CITY HALL
 
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                         
Review of quarterly investment performance by &CO Consulting

V.  REQUESTS FROM THE PUBLIC/EMPLOYEES PRESENT
VI. OFFICER AND MEMBER REPORTS
VII. STAFF REPORT   
1. Approval of expenses:
A.  Fifth Third Bank for the following accounts:  R&D $1,684.88; Argent  $1108.16; Integrity $288.25; TIPS $175.60; Anchor $1037.16 for quarter end 12/31/19
B.  Argent Capital quarter end 12/31/19 in the amount of $20,748.43
C.  Anchor Capital for quarter end 12/31/19 in the amount of $19,244.23
D.  Integrity in the amount of $2,504.98 & TIPS in the amount of $847.11 for quarter end 12/31/19
E.  RBC Global for quarter end 12/31/19 in the amount of $16,630.60
F.  Sugarman & Susskind in the amount of $2,561.81 dated 1/14/20
G.  &Co Consulting in the amount of $9,017.65 for quarter ending 12/31/19
H.  American Realty Advisors in the amount of $5,899.97 for quarter ending 12/31/19 (deducted from distributions)
I.  Plan Administrator $9792 for quarter end 12/31/19 (automatic debit)
J.  Intercontinental quarterly fees 12/31/19 (deducted from distributions) $8,395
K. Approval for travel expenses to FPPTA school Connie Rose
L.  Foster & Foster dated 2/3/20 in the amount of $35,415.00
2.    Approval/Acknowledgement of the retirements/contribution refunds/buy-in/stop payments:
Retirement(s):  Wynn Greene 1/1/20 Life Annuity; Terminated Vested Member Eddie Rogers 2/1/20 100% Joint Annuitant
Contribution refund(s):  After Plan benefits only: Carrie Finch, Peter Fred, Edyie McCall, Frederick Wilson, Robert Hall, Brandon Wright, William Ballington
Credited Service buy-in:  Joshua Lloyd purchase 4 years

Change Benefits:  Stop Robert Richards 2/1/20 and change to Susan Richards (100% Joint Annuitant)
DROP:  Penny Aiken 2/1/20; Douglas Larkins 2/1/20; Gail Gilchrist 3/1/20; and James Thomas 3/1/20
Stop Benefit:  Richard Bartell (beneficiary of Mary) 1/1/20
VIII. OLD BUSINESSContinue discussion of correspondence from Attorney Christiansen regarding additional Attorney’s files
IX. NEW BUSINESS1.  Acceptance of Actuarial Valuation presented by Actuary Doug Lozen, Foster & Foster
2.  Declare expected rate of return for the next year, several years and long term based on the recommendation of investment professional for submittal to the City and State
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).
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The City of Titusville, Florida
P. O. Box 2806, (32781-2806) - 555 S. Washington Avenue - Titusville, FL 32796 - Phone: (321) 567-3775 - Fax: (321) 383-5704 - Site by Project A

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