AGENDA 4. POLICE OFFICERS WHO HAVE BEEN HIRED SINCE THE: LAST REGULAR MEETING OF THE BOARD OF TRUSTEES ON JUNE 20, NONE

Transcription

1 POLAGE NOTICE There will be a Regular Meeting of the MUNICIPAl. POLICE OFFICERS' RETIREMENT TRUST FUND BOARD OF TRUSTEES on Septmnber 19, 2017, at 2:00 p.rn., in Room #188, Port St. Lucie City Hall, lc,cated at 121 SW Port St. Lucie Boulevard, Port St. Lucie, Florida. 1. CALL TO ORDER AGENDA 2. ROLL CALL 3. PUBLIC COMMENTS 4. POLICE OFFICERS WHO HAVE BEEN HIRED SINCE THE: LAST REGULAR MEETING OF THE BOARD OF TRUSTEES ON JUNE 20, NONE 5. RECAP OF ALL POLICE OFFICERS HIRED IN FY 201E; CLAYTON BALDWIN, JEAN VALENTIN-BELLO, CHARLES DANIEL GREEN, ANTRONYANNA LATRICE HOLIDAY, BUTEAU MORESTANT, AND MATTHEW REYNOLDS 6. POLICE OFFICERS TERMINATED AND/OR RESIGNED SINCE LAST REGULAR MEETING OF THE BOARD OF TRUSTEES ON JUNE 20, JULIO BORRAS 7. RECAP POLICE OFFICERS TERMINATED AND/OR RESIGNED IN FY JULIO BORRAS AND STEPHEN REUTHER II 8. RECAP ALL POLICE OFFICERS WHO TERMINATED AND/OR RESIGNED AND TOOK A RETURN OF CONTRIBUTION IN FY (MANY OF THESE FORMER OFFICERS RESIGNED AND LEFT NO FORWARDING INFORMATION; RESEARCH WAS CONDUCTED TO LOCATE THE INDIVIDUALS TO RETURN THEIR CONTRIBUTION}: COLLEEN BAKELS (NON-VESTED/TERMINATED D9/22/2008} JASON CAVANAUGH (NON-VESTED/TERMINATED 04/22/2004) DONALD DEAN (NON-VESTED/TERMINATED 08/02 /2004} CHARLES R. DONNAN (NON-VESTED/TERMINAT: D 08/28/2009} PHILIP ENGEL (NON-VESTED/TERMINATED 10/08/2004} MICHAEL LAMANTIA (NON-VESTED/TERMINATE:) 01/15/2006) BASELYTO LAVITOLA-MASTROTI (NON-VESTED/rERMINATED 04/11/2013) EVA MACIAS (NON-VESTED/TERMINATED 12/2:2/2004) MATTHEW McCALL (NON-VESTED/TERMINATED 1 )8/22/2012) RIAN McNAMARA (NON-VESTED/TERMINATED 0:3/15/2004} HAYLEY NINE (NON-VESTED/TERMINATED 12/1)9/2015) LUIS PAGAN (VESTED/TERMINATED ll/05/20:l3) MICHAEL ROBINSON (NON-VESTED/TERMINATE]) 10/17/2012) KENNETH RODRIGUEZ (NON-VESTED/TERMINATBD 01/30/2007)

2 STEPHAN SALES (NON-VESTED/TERMINATED )2/26/2007) RYAN SNELLINGS (NON-VESTED/TERMINATED 09/16/2013) NATHANIAL STUBLEY (NON-VESTED/TERMINArED 02/01/2013) 9.POLICE OFFICERS WHO HAVE DIED SINCE LAST REG'JLAR MEETING OF THE BOARD OF TRUSTEES ON JUNE 20, NONE 10.RECAP ALL POLICE OFFICERS WHO HAVE DIED IN FY NONE 11.RECAP ALL ACTIVE POLICE OFFICERS (NOT IN DRO:?) WHO RESIGNED AND WERE ELIGIBLE TO BEGIN COLLECTING A RETIREMEl T BENEFIT IN FY NONE 12. RECAP ALL POLICE OFFICERS WHO WERE VESTED/DE:l"ERRED AND, UPON REACHING ELIGIBLITY, BEGAN COLLECTING A RETil:tEMENT BENEFIT IN FY PAUL GROHOWSKI 13.ANNOUNCE THE NAME OF POLICE OFFICERS WHO ARE CURRENTLY SERVING IN ACTIVE MILITARY SERVICE AND ARE NOT HAVING THEIR EMPLOYEE 9% CONTRIBUTION DEDUCTED FROM THEIR SALARY (CIT'.( CONTINUES TO CON TRIBUTE ITS ACTUARIALLY REQUIRED CONTRIBUTIOH) - NONE 14.ANNOUNCE THE NAMES OF POLICE OFFICERS WHO ARJ PRESENTLY VESTED AND INACTIVE, AWAITING DISTRIBUTION OF THEIR RETIREMENT BENEFIT UPON REACHING ELIGIBILITY - RUSSELL CULLUM, '.rhomas EISERT (BENEFICIARY), JOSEPH GOLINO, HAMLET POLANCO. STEPHEN REUTHER II, ROBERTO SANTOS, AND FREDERICK ZIMMERMAN 15.RECAP ALL POLICE OFFICERS WHO HAVE ENTERED THE DROP FOR FIVE YEARS IN FY : SYLVIA HARRIS - EFFECTIVE NOVEMBER '.., 2016 RENE SCHERLE - EFFECTIVE OCTOBER 1, 2016 RICHARD E. WILSON - EFFECTIVE JUNE :., RECAP ALL POLICE OFFICERS WHO CONCLUDED THE I>ROP, OR LEFT PRIOR TO CONCLUSION OF THE DROP, IN FY JOHN FOX, RAYMOND STEELE, AND CARLTON TOPPIN 17.RECAP ALL POLICE OFFICERS IN THE DROP WHO HAIi THEIR EXISTING RETIREMENT BENEFIT ACTUARIALLY RE-CALCULATED (REVISED) IN FY NONE 18. RECAP ALL POLICE OFFICERS GRANTED A DISABILI )Y RETIREMENT IN FY NONE 19.REVIEW AND APPROVAL OF SALEM TRUST STATEMENT : FOR JUNE, JULY, AND AUGUST, HOLD FOR AUDIT 2

3 20.APPROVAL OF THE MINUTES FROM THE MARCH 21, 2)17 MEETING OF THE BOARD OF TRUSTEES 21.OLD BUSINESS A. UPDATE ON STATUS OF ADMINISTRATIVE SERVIC' S AGREEMENT BETWEEN THE BOARD OF TRUSTEES AND CITY B. UPDATE ON SSAE NO. 16 REPORT C. UPDATE ON REQUESTED ACTUARIAL STUDIES FRO! JULY 11, 2017 EXPERIENCE STUDY 22.NEW BUSINESS A. FINAL APPROVAL AND ESTABLISHMENT OF BOARD OF TRUSTEES MEETINGS FOR THE YEAR 2018 B. DISCUSSION AND APPROVAL OF ADMINISTRATIVE BOARD BUDGET FOR FY C. ANNOUNCE RECEIPT OF THE 2016 PREMIUM TAX I>ISTRIBUTION IN THE AMOUNT OF $1,296,741.05, WHICH REPRESENTS AN INCREASE OF 3.9% OVER THE 2015 AMOUNT OF $1,247, D. REVIEW AND APPROVAL OF FIDUCIARY LIABILIT1 INSURANCE RENEWAL E. DISCUSSION AND APPROVAL OF PAYMENT FOR THI: FOLLOWING CONSULTANT INVOICES: ANDCO CONSULTING, INVOICE #12312, IN 'J'HE AMOUNT OF $8,222.00, FOR QUARTERLY PERFORMANCE i:valuation AND CONSULTING SERVICES APRIL 1, JtrNE 30, 2017 ASB CAPITAL MANAGEMENT, LLC, IN THE A?,[OUNT OF $9,926.00, FOR PROFESSIONAL SERVICES FOR THE QUARTER ENDING JUNE 30, 2017 CHRISTIANSEN & DEHNER, P.A., INVOICE 30821, IN THE AMOUNT OF $ , FOR VARIOUS PROFESSIONAL I,EGAL SERVICES CITY OF PORT ST. LUCIE - PLAN ADMINIS'l'RATION INVOICES JUNE 2017 $4, FEBRUARY 8 - JULY 31, $26, (ONE-TIME RETROACTIVITY PAYMENT) JULY 2017 $6, AUGUST 2017 $6,

4 MtTNICIPAL POLICE OFFICERS'- RETIREMENT BOARD SEPTEMBER 19, 2017 FLORIDA PUBLIC PENSION TRUSTEES ASSOCIATION (FPPTA), INVOICES: # $600.00, TRUSTEES SCH.COL OCT FOR S. FEKETA # $1,200.00, TRUSTEES :;CHOOL OCT FOR W. VEGA AND P. GRIFF:CTH # $ , 2018 WALL STREE'.r PROGRAM S. STEELE # $ , 2018 WALL STREE'.r PROGRAM W. VEGA # $ , 2018 WALL STREE'.r PROGRAM P. GRIFFITH FOSTER & FOSTER, INC., INVOICE # IN THE AMOUNT OF $10,033.00, FOR VARIOUS PROFESSIONAL l CTUARIAL SERVICES AND INVOICE #11001, IN THE AMOUNT OF $12,: 54.00, FOR THE EXPERIENCE STUDY AND OTHER ACTUARIAL HERVICES HIGHLAND CAPITAL MANAGEMENT INVOICE #:.4249 (VALUE), IN THE AMOUNT OF $15,441.08, FOR MANAGEMENT FEES (# ) FOR THE PERIOD OF OCTOBER 1, 2016 TO DECEMBER 31, 2016 HIGHLAND CAPITAL MANAGEMENT INVOICE #:.4926 (VALUE), IN THE AMOUNT OF $15,780.45, FOR MANAGEMENT PEES (# ) FOR THE PERIOD OF JANUARY 1, 2017 TO MARCH 31, 2017 HIGHLAND CAPITAL MANAGEMENT INVOICE #J.6084 (VALUE), IN THE AMOUNT OF $15,865.75, FOR MANAGEMENT l'ees (# ) FOR THE PERIOD OF APRIL 1, 2017 TO JUNE 3(1, 2017 HIGHLAND CAPITAL MANAGEMENT INVOICE #14250 (FIXED), IN THE AMOUNT OF $11,612.44, FOR MANAGEMENT I'EES (# ) FOR THE PERIOD OF OCTOBER 1, 2016 TO DECE IBER 31, 2016 HIGHLAND CAPITAL MANAGEMENT INVOICE #14927 (FIXED), IN THE AMOUNT OF $11,785.95, FOR MANAGEMENT l'ees (# ) FOR THE PERIOD OF JANUARY 1, 2017 TO MARCF! 31, 2017 HIGHLAND CAPITAL MANAGEMENT INVOICE #16085 (FIXED), IN THE AMOUNT OF $12,100.34, FOR MANAGEMENT E'EES (# ) FOR THE PERIOD OF APRIL 1, 2017 TO JUNE 3(, 2017 HIGHLAND CAPITAL MANAGEMENT INVOICE #14249 (GROWTH), IN THE AMOUNT OF $6,546.99, FOR MANAGEMENT FEES (# ) FOR THE PERIOD OF OCTOBER 1, 2016 TO DECE ER 31, 2016 HIGHLAND CAPITAL MANAGEMENT INVOICE #14926 (GROWTH), IN THE AMOUNT OF $7,003.49, FOR MANAGEMENT FEES (# ) FOR THE PERIOD OF JANUARY 1, 2017 TO MARCE. 31,

5 HIGHLAND CAPITAL MANAGEMENT INVOICE #16084 (GROWTH), IN THE AMOUNT OF $7,285.26, FOR MANAGEMENT F. ES (# ) FOR THE PERIOD OF APRIL 1, 2017 TO JUNE 3), 2017 SALEM TRUST FEE ADVICE, FOR THE PERIO:) OF APRIL 1 - JUNE 30, 2017, IN THE AMOUNT OF $7, F. DISCUSSION AND APPROVAL OF MONTHLY PAYMEN'l' TO THE PLAN CREDIT CARD AS FOLLOWS: JULY 2017 AUGUST $6, $1, G. RETURN OF CONTRIBUTIONS (NON-VESTED/BEFORJ TAXES) TO THE FOLLOWING TERMINATED EMPLOYEE: HAYLEY NINE - $6, H. FLORIDA PUBLIC PENSION TRUSTEES ASSOCIATION REFUND CHECK, IN THE AMOUNT OF $600.00, FOR TRUSTEE CABRERA'S BUMMER CONFERENCE 2017 REGISTRATION CANCELLATION I. DISCUSSION AND APPROVAL OF RELATED PER DIHM EXPENSES RELATED TO THE UPCOMING FPPTA TRUSTEES SCHOOL IN TAMPA, FLORIDA, OCTOBER 8-11, 2017: CHAIRMAN BILL VEGA - $ TRUSTEE PAUL GRIFFITH - $ PENSION PLAN SPECIALIST SIERA FEKE A - $ J. APPROVAL OF THE REBALANCING OF ANNUAL STA E DISTRIBUTION, IN THE AMOUNT OF $1,519, TO THE HIGHLAND CJ.PITAL EQUITY ACCOUNT, AS DIRECTED BY ANDCO CONSULTANTS K. PRESENTATION OF QUARTERLY REPORT PREPARED BY THE PLAN'S ACCOUNTANTS L. PRESENTATION OF QUARTERLY REPORT BY PLAN' : INVESTMENT MANAGER M. PRESENTATION OF QUARTERLY REPORT PROVIDED BY PLAN'S PER FORMANCE MONITOR - WILL INCLUDE UPDATES 01, OTHER INVESTMENT FUNDS 23. ATTORNEY'S REPORT 24. ADMINISTRATOR'S REPORT 5

6 25. OTHER BUSINESS 26. ADJOURN VERBATIM RECORD: IN ACCORDANCE WITH FLORIDA STA'.rnTE : ANY PERSON WHO DESIRES TO APPEAL AN DECISION AT THI: MEETING WILL NEED A RECORD OF THE PROCEEDINGS AND FOR THIS PURPOSE HAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDINGS IS MADE WH:CCH INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS BASED. ADA COMPLIANCE: IN ACCORDANCE WITH FLORIDA :TATUTE : PERSONS WITH DISABILITIES NEEDING ASSISTANCE TO PARTI ::I PATE IN ANY OF THESE PROCEEDINGS SHOULD CONTACT THE OFFICE OF THE CITY CLERK, 121 SW PORT ST. LUCIE BOULEVARD, PORT ST. LUCIE, FLORIDJL - (772) , 48 HOURS IN ADVANCE OF THE MEETING. 6