Board Agenda 2-19-15
CITY OF ATLANTIC BEACH
BOARD OF TRUSTEES OF THE ATLANTIC BEACH PENSION FUNDS
BOARD MEETING AGENDA FOR
February 19, 2015 at 6:30 P.M.
Call to Order both boards
1. Courtesy of the Floor to Visitors
2. Approval of the Minutes for January 8, 2015, Police Officers’ board meeting – (1)
3. Approval of the Minutes for January 8, 2015, General Employees’ board meeting – (2)
4. Approval of the Minutes for January 29, 2015, Police Officers’ board meeting – (3)
5. Approval of the Minutes for January 29, 2015, General Employees’ board meeting – (4)
6. Financial Expenditures for the quarter ended December 31, 2014 – Police Officers’ Pension Fund – (5)
7. Financial Expenditures for the quarter ended December 31, 2014 – General Employees’ Pension Fund – (6)
8. Update of election results from the 2/11/15 ballot count for the vacant spot on the General Employee’s Board.
Mike Jones had the most votes and will begin attending Pension Board meetings in March.
9. To be discussed by Michael O’Shields, Morgan Stanley:
a. Recap Investment Performance for the Police Officers’ for the period ended 1/31/15 and subsequent
activity since.
b. Recap Investment Performance for the General Employees’ for the period ended 1/31/15 and subsequent
activity since.
10. To be discussed by Piotr Krekora, Gabriel, Roeder, Smith & Company (GRS), for both Police Officers’ and
General Employees’ Retirement Systems:
a. Acceptance of Actuarial Valuation Reports as of 10/1/14. (7)
b. Impact to City Financial Reporting upon implementation of GASB 67.
c. Approval to retain the services of GRS to perform a periodic experience study.
11. 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
12. Police & Fire Pension and F.P.P.T.A. Upcoming Events Calendar (8)
13. Approval of Benefit Changes – General Employees – (9)
14. Any New Business
15. Adjournment – Police
16. 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
Mike Jones Member (904) 242-3464
800Seminole Road 02/16/18
Atlantic Beach, FL 32233
mjones@coab.us
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 Vice Chair (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 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
Recent Changes to Benefits
Townsend, Tim (general) Retired 1/2/2015