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PUBLIC NOTICE
POLICE PENSION BOARD
The Police Pension Board will hold a special meeting Friday, July 31, 2015 at 10:00 a.m. in the City
Council Chambers, City Hall, 1225 Main St. Sebastian, Florida.
AGENDA
CALL TO ORDER Steve Marcinik Chairman
ROLL CALL Steve Marcinik, Chairman
UNFINISHED BUSINESS
A. Approval of Minutes from June 23, 2015
Steve Marcinik, Chairman
B. Consideration of"wrapping" consulting, custodial and
Steve Marcinik, Chairman
account management services into one "bundled" contract
C. Action to continue evaluation of firms for custodial services
Steve Marcinik, Chairman
and/or formally discontinue the RFP Process
D. Research of actual expenses to use as basis for developing
Bruce Hoffman, Board Member
an annual operating budget per Senate Bill 172
PUBLIC INPUT
A. Approval of Invoices: Steve Marcinik, Chairman
1. Foster & Foster - $7,697.00
Invoice for Various Services
2. Salem Trust - $1,600.00
Fees for Quarter Ending 06/30/15
3. Highland Capital Management:
Fees for Quarter Ending 06/30/15 - $16,576.81
Fees for Quarter Ending 09/30/15 - $16381.67
B. Report on Required Website Disclosures Ken Killgore, Administrative Services Director
1. June 26, 2015 email from Foster & Foster on compliance
with financial reporting requirements
2. Document at link to Division of Retirement's
Actuarial Summary Fact Sheet on Plan (Also at Gnk below)
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3. Copy of Florida Statute 112.664
C. Legal Updates: H. Lee Delmer, Pension Attorney
1. Senate Bill 172
2. Summary Plan Description
D. Next Quarterly Meeting: September 15, 2015
Ken Killgore
Administrative Services Director/Pension Board Member
City of Sebastian
Please note: In accordance with Florida Statue 286.0105: any person who desires to appeal any decision at this meeting will need a
record of the proceedings and for this purpose may need to ensure that a verbatim record of the proceedings is made which includes the
testimony and evidence upon which the appeal is based
In accordance with Florida Statute 286.26: Persons with disabilities needing assistance to participate in any of these proceedings should
contact the Administrative Services Department at 1225 Main Street, Sebastian, Florida 32958, or telephone 772-388-8205.