HomeMy WebLinkAbout07-15-2025 AgendaCITY OF SEBASTIAN POLICE OFFICERS' RETIREMENT SYSTEM
PENSION BOARD OF TRUSTEES QUARTERLY MEETING
COUNCIL CHAMBERS, 1225 MAIN STREET SEBASTIAN, FL 32958
AGENDA
Tuesday, July 15, 2025 - 5:OOPM
Pursuant to Chapter 286, F.S., if an individual decides to appeal any decision made with respect to any matter considered at a
meeting or hearing, that individual will need a record of the proceedings and will need to ensure that a verbatim record of the
proceedings is made. In accordance with the Americans with Disabilities Act, persons needing assistance to participate in any of these
proceedings should contact the Administrative Services Department at least 48 hours prior to the meeting at (772) 388-8205.
I. CALL TO ORDER/ROLL CALL/DETERMINATION OF A QUORUM
III. APPROVAL OF MINUTES
1. April 15, 2025, quarterly meeting
IV. NEW BUSINESS
1. Proposed 2025-2026 budget
2. Proposed 2026 meeting date
3. Trustee term update
V. OLD BUSINESS
VI. REPORTS (ATTORNEY/CONSULTANTS)
1. Foster & Foster, Doug Lozen, Plan Actuary
a. Experience study presentation
b. FRS Mortality tables memo
2. Salem Trust, Karen Russo, Custodian
a. Annual company update
3. C1earBridge Investments, Nick Niak, Investment Manager
a. Quarterly report as of March 31, 2025
4. Highland Capital, Steve Stack, Investment Manager
a. Quarterly report as of June 30, 2025
S. Graystone Consulting, Scott Owens, Investment Consultant
a. Quarterly report as of June 30, 2025
6. KKJL, Bonni Jensen, Board Attorney
a. Legislative/Legal update
b. Security monitoring options
VII. CONSENT AGENDA
1. Payment ratification
a. Warrants #20, #21
2. New invoices for payment approval
3. Fund activity report for April 9, 2025, through July 8, 2025
VIII. STAFF REPORTS, DISCUSSION, AND ACTION
1. Foster & Foster, Troy Jenne, Plan Administrator
a. Annual report update
b. Educational opportunities
i. FPPTA Fall Trustee School, October 5-8, 2025, Ponte Vedra
Beach
ii. Division of Retirement 54th Annual Conference, September 9-
11, 2025, Daytona Beach Shores
Ix. TRUSTEES' REPORTS, DISCUSSION, AND ACTION
X. ADJOURNMENT
NEXT MEETING DATE: Tuesday, October 21, 2025, at 5:00PM