Amended Board Agenda 1-08-15
CITY OF ATLANTIC BEACH
BOARD OF TRUSTEES OF THE ATLANTIC BEACH PENSION FUNDS
BOARD MEETING AGENDA FOR
January 8, 2015 at 6:30 P.M.
Call to Order both boards
1. Courtesy of the Floor to Visitors
2. Approval to begin the nomination process for the remainder of the term for Tim Townsend on
the General Employee Board and election of new Chair.
3. Approval of the Minutes for December 11, 2014, Police Officers’ board meeting – (1)
4. Approval of the Minutes for December 11, 2014, General Employees’ board meeting – (2)
5. To be discussed by Michael O’Shields, Morgan Stanley Smith Barney :
a. Recap Investment Performance for the Police Officers’ for the period ended 12/30/14
and subsequent activity since.
b. Recap Investment Performance for the General Employees’ for the period ended
12/30/14 and subsequent activity since.
6. Discussion with James J. Rizzo (the board’s Actuary) about the long-term expected rate of
return and mortality assumptions to be used in:
a. the 10/1/14 valuation for funding purposes and
b. the 9/30/14 City’s financial reporting purposes.
Final board decision on these two assumptions at a later meeting.
7. Approval of lump sum pay out of retirement for Doris Smith
8. Any New Business
9. Adjournment – Police
10. Adjournment – General
CITY OF ATLANTIC BEACH
GENERAL EMPLOYEES’ PENSION BOARD OF TRUSTEES:
4 year term; no term limit
The board members are required to file Statement of Financial Interests
Business Home Term
Name and Address Position Phone Phone Expiration
Employee Elected
VACANT Chair
Employee Elected
Timmy Johnson Member (904) 247-5828 09/24/18
716 Ocean Blvd
Atlantic Beach, FL 32233
tjohnson@coab.us
Civilian Appointed by Commission
Ray Brandstaetter Member (904) 206-2655 (904) 247-2867 06/09/18
254 Oceanwalk Dr. S.
Atlantic Beach, FL 32233
brandstaetter@comcast.net
Civilian Appointed by Commission –
Alan Gleit Secretary (904) 241-9966 10/11/15
10 Tenth Street #32
Atlantic Beach
agleit@hotmail.com
Resident selected by Board, Confirmed by Commission
Gil Flores Vice Chair (904) 613-4195 05/09/15
271 Sailfish Drive E.
Atlantic Beach, FL 32233
gflores@coab.us
CITY OF ATLANTIC BEACH
POLICE EMPLOYEES’ PENSION BOARD OF TRUSTEES:
4 year term; no term limit
The board members are required to file Statement of Financial Interests
Business Home Term
Name and Address Position Phone Phone Expiration
Employee Elected
Vic Gualillo Chair 247-5859 N/A 02/28/18
Atlantic Beach Police Department
850 Seminole Road
Atlantic Beach, FL 32233
vgualillo@coab.us
Employee Elected
David Cameron Member 247-5859 N/A 08/01/17
Atlantic Beach Police Department
850 Seminole Road
Atlantic Beach, FL 32233
dcameron@coab.us
Civilian Appointed by Commission
William (Bill) T. Tomson Member 853-6985 12/31/17
377 12th Street
Atlantic Beach, FL 32233
williamtomson@gmail.com
Civilian Appointed by Commission
John Wolfel Vice Chair 699-8887 10/11/17
435 Inland Way 241-9800 (FAX)
Atlantic Beach, FL 32233
John.Wolfel@comcast.net
Resident selected by Board, Confirmed by Commission
Tim Saggau Member 838-3900 6/10/17
2032 Duna Vista Court
Atlantic Beach, FL 32233
Timsaggau@yahoo.com