Board Agenda 11-15-2012 - QuarterlyCITY OF ATLANTIC BEACH
BOARD OF TRUSTEES OF THE ATLANTIC BEACH PENSION FUNDS
BOARD MEETING AGENDA FOR
November 15, 2012 at 6:30 P.M.
Call to Order both boards
Board Member Composition
–
City Commission to appoint a new member for General Plan with Tim Townsend representing the Board in the selection process. They are trying to have something done by December 10,
2012.
Approval of the Minutes for August 16, 2012, Police Officers’ board meeting
Approval of the Minutes for October 11, 2012, Police Officers’ SPECIAL board meeting
Approval of the
Minutes for August 16, 2012, General Employees’ board meeting
Approval of the Minutes for October 11, 2012, General Employees’ SPECIAL board meeting
To be discussed by Michael O’Shields,
Morgan Stanley Smith Barney :
Recap of the Quarterly Investment Performance Report for the Police Officers’ for the quarter ended 09/30/12 and subsequent activity since the special meeting.
Rebalancing Schedule included.
Recap of the Quarterly Investment Performance Report for the General Employees’ for the quarter ended 09/30/12 and subsequent activity since the special
meeting. Rebalancing Schedule included.
Discuss and decision on the Interest Rate Assumption to be used for the Actuary Report for both boards.
Recommendation and decision on strategic
asset allocation for the remainder of the year.
Discuss the use of options in the pension plan portfolio – Christiansen Opinion
Financial Expenditures through September 30, 2012 – Police
Officers’ Pension Fund
Financial Expenditures through September30, 2012 – General Employees’ Pension Fund
Pension Board Attorney to discuss matters of interest to the General Employees’
& Police Officers’ Pension Board – Pension Board Attorney Scott Christiansen of Christiansen & Dehner, P.A
Proposed Calendar of meetings
Verification of beneficiary receiving payments
in progress.
Approval of benefit changes – Police Employees - None
Approval of Benefit Changes – General Employees – (3)
Any New Business
Adjournment – Police
Adjournment – General
08/28/12
CITY
OF ATLANTIC BEACH
GENERAL EMPLOYEE’S PENSION BOARD OF TRUSTEES:
4 year term; no term limit
Business Home Term
Name and Address Position Phone Phone Expire
Employee Elected
Timothy
Townsend Chair 247-5839 247-5839 02/16/14
902 Assisi Lane
Atlantic Beach, FL 32233
ttownsend@coab.us
Employee Elected
Dennis Roberts Member 705-5858 705-5858 09/24/14
800
Seminole Road
Atlantic Beach, FL 32233
droberts@coab.us
Civilian Appointed by Commission
Civilian Appointed by Commission
Alan Gleit Secretary N/A 241-9966 10/11/15
10 Tenth
Street
Unit 32
Atlantic Beach
agleit@hotmail.com
Resident selected by Board, Confirmed by Commission
Gil Flores Member 247-5830 247-5842 05/09/15
1100 Sandpiper Lane
Atlantic
Beach, FL 32233
gflores@coab.us
03/14/12
CITY OF ATLANTIC BEACH
POLICE EMPLOYEES’ PENSION BOARD OF TRUSTEES:
2 year term; no term limit
Business Home Term
Name
and Address Position Phone Phone Expires
Employee Elected
Vic Gualillo Chair 247-5859 N/A 02/28/14
Atlantic Beach Police Department
850 Seminole Road
Atlantic Beach, FL 32233
vgualillo@coab
.us
Employee Elected
Brannon Hicks Member 247-5859 N/A 08/01/13
Atlantic Beach Police Department
850 Seminole Road
Atlantic Beach, FL 32233
Civilian Appointed by Commission
William
(Bill) T. Tomson Member 853-6985 12/31/13
377 12th Street
Atlantic Beach, FL 32233
williamtomson@gmail.com
Civilian Appointed by Commission
John Wolfel Vice Chair 699-8887 10/11/13
435
Inland Way 241-9800 (FAX)
Atlantic Beach, FL 32233
John.Wolfel@comcast.net
Resident selected by Board, Confirmed by Commission
Harry E. McNally Secretary 247-5838 241-4694 05/14/13
353
Buoy Lane FAX: 247-5872
Atlantic Beach, FL 32233
hmcnally@coab.us
Recent Changes to Benefits
Kempf, Karen (General) RETIRED 10/01/12
Schneider, Judith (General) DROP 10/15
/12
Nodine, Phillip (General) DROP 10/24/12