Police Employees Pension Board Minutes - 10-08-15 v CITY OF ATLANTIC BEACH
BOARD OF TRUSTEES OF THE ATLANTIC BEACH PENSION FUND
POLICE EMPLOYEES' PENSION BOARD MEETING
MEETING MINUTES
October 8,2015
1. The City of Atlantic Beach Police Employees' Pension Board meeting was called to order at
6:30 P.M. Those in attendance were:
Members Non-Members
Vic Gualillo Russell Caffey- Plan Administrator
Bill Tomson Sidney Taylor-Graystone Consulting
John Wolfel Chris Bridges-Graystone Consulting
Bob Liggero
2. Courtesy of the floor to visitors. Chris Jorgensen was complimentary of the board and process
involved with making decisions as a group. Jim Griffs, has been approved by the committee review
board and he was visiting to see how the meetings are nm. Hudson Main and his father Steve were
visiting the meeting as part of Hudson's Civics Class.
3. Sidney Taylor and Chris Bridges of Graystone consulting lead a discussion of the portfolios
of both plans.
The board modified and later approved amendments to the investment plan as
follows:
Graystone Recommended Police
Largr Cap Equity 35% 35%
Mid/Small Cap Equity 10% 10%
Intl Equity 15% 15%
Inflation-Linkes 5% 0%
Fixed Income 25% 30%
Cash/MM 10% 10%
100% 100%
4. New business:
No new business.
5. Adjournment — John Wolfel made a motion to adjourn the meeting, it was seconded by Vic
Gualillo.
Vic Gualillo David Cameron
Chair Vice Chair
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