11-10-16 Police Employee Pension Board MinutesCITY OF ATLANTIC BEACH
BOARD OF TRUSTEES OF THE ATLANTIC BEACH PENSION FUND
POLICE EMPLOYEES’ PENSION BOARD MEETING
MEETING MINUTES
November 10, 2016
1
1. The City of Atlantic Beach Police Employees’ Pension Board meeting was called to order at
6:31 P.M. Those in attendance were:
Members Non - Members
Vic Gualillo Russell Caffey - Plan Administrator
John Wolfel Chris Bridges - Graystone Consulting
Bob Liggero Sidney Taylor - Graystone Consulting
Scott Christiansen - Plan Attorney
2. Courtesy of the floor to visitors. Chris Jorgensen made general comments regarding oil, pipelines and
old age medical care.
3. Approval of the minutes from the Police Pension Plans for August 11, 2016. Motion to approve
was made by Vic Gualillo and seconded by Bob Liggero. The vote was approved unanimously.
4. Chris Bridges and Sidney Taylor of Graystone consulting lead a discussion of the portfolios of
both plans.
Discussion related to current allocation and rate of return. The current plan has
61.4% in Equity, 27.2% in Fixed Income, 5.1% in Cash and 6.3% in Alternatives.
The ending portfolio value of $8,726,858.
5. Change to quarterly meeting dates: The meeting initially scheduled for February 16th was changed
to February 9th.
6. Adjournment – Vic Gualillo made a motion to adjourn the meeting, it was seconded by Bob Liggero.
__________________________ ____________________________
Vic Gualillo David Cameron
Chair Vice Chair