HomeMy WebLinkAbout2008-07-28 Police & Fire Pension Board Minutes Y
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City of Dania Beach
Police and Fire Fighters Retirement System
113 S.W. 1 Street
Dania Beach, Florida 33004
Phone: (954) 921-0404 Fax: (954) 921-1403
E-mail: PFPENS@bellsouth.net
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MINUTES
J U LY 28, 2008
I. CALL TO ORDER
The meeting was called to order by Chairman Rogers at 7:45 pm
MEMBERS PRESENT: MEMBERS ABSENT:
Chairman Larry Rogers Commissioner John Bertino
Secretary Beulah Lair Vice Chairman Vince Marlin
Wardell Lee Carolyn Jones
Ted Spongross
Roger Handevidt
John Williamson
ALSO PRESENT:
Attorney Robert Sugarman - Sugarman & Susskind, PA
Joe Bogdahn — Bogdahn Consulting
II. APPROVAL OF MINUTES
MOTION: by John Williamson to accept minutes from the June 28, 2008
meeting as submitted.
SECOND: Ted Spongross
PASSED UNANIMOUSLY
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III. CONSENT AGENDA
IV. OLD BUSINESS
4.1 Steve Palmquist, GRS Study
Chairman Rogers opened discussion with the Board and
the Systems actuary Steve Palmquist of Gabriel, Roeder Smith &
Company regarding the Firefighter Plan Design Study prepared
by the firm. Steve Palmquist presented the Study and the Board
it with the Board and answered questions from the trustees. A
copy is available in the pension office.
4.2 Joe Bogdahn, International Search
Joe Bogdahn of Bogdahn Consulting discussed his firms
International Selection Search for the System. Voyageur and
Baring were the top recommendations.
MOTION by Ted Spongross to invite Voyageur International
and Baring International Plus to the next Board of Trustees
Meeting on August 18, 2008
SECOND by Wardell Lee
PASSED UNANIMIOUSLY
V. NEW BUSINESS
5.1 Michael Cassano DROP Loan
Michael Cassano is requesting an $24,000.00 DROP loan
to be paid back in monthly payments for five years.
MOTION by Beulah Lair to give Michael Cassano a DROP loan in
the amount of $24,000.00to be paid back in monthly payments of
$452.91 over a five year period.
SECOND by Wardell Lee
PASSED UNANIMIOUSLY
VI. CORRESPONDENCE
VII. NEW EMPLOYEE APPLICATIONS
7.1 Fire Chief Jack McCartt
MOTION by John Williamson to accept the new
Fire Chief Jack McCartt into the retirement system.
SECOND by Roger Handevidt
PASSED UNANIMIOUSLY
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VIII. RETIREMENTS/TERMINATION
There were no retirements or terminations
IX. OPEN DISCUSSION AND INFORMATION
9.1 Stephen Adams has transferred his DROP account balance out of
the Plan.
9.2 Joseph Bertuccio has transferred his DROP account balance out of
the Plan/ICMA
9.3 Fiduciary Liability Insurance
The system's Fiduciary Liability Insurance is due for renewal
of $6,842.29
MOTION by Beulah Lair to pay the system's Fiduciary Liability
Insurance bill in the amount of $6,842.29.
SECOND by Roger Handevidt
PASSED UNANIMIOUSLY
9.4 Business Cards
Chairman Larry Rogers opened discussion with the Board
about having business cards printed for the system's trustees.
MOTION by Ted Spongross to have business cards printed for
The system
SECOND by Wardell Lee
PASSED UNANIMIOUSLY
9.5 Shirts for the Trustees
Selection was made by the Trustees choosing 3 different shirt
styles to have the system's logo embroidered on.
MOTION by Ted Spongross to get an estimate on the 3 different
Shirts and get an estimate from G & S.
SECOND by Beulah Lair
PASSED UNANIMIOUSLY
X. ADJOURN
MOTION by Beulah Lair to adjourn the meeting
SECOND by Roger Handevidt
Meeting adjourned at 9:10 pm