OPEB - November 17, 2020

  1. Agenda

  CITY OF TITUSVILLE
GENERAL EMPLOYEES’ BOARD OF TRUSTEES REGULAR MEETING
TUESDAY, NOVEMBER 17, 2020, 1:00 P.M.
COUNCIL CHAMBER CITY HALL

Any person who decides to appeal any decision of the Pension Board with respect to any matter considered at this meeting will need a record of the proceedings, and for such purpose, may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based.  In accordance with the Americans with Disabilities Act and Section 286.26, Florida Statutes, persons with disabilities needing special accommodations to participate in this meeting should call the City Clerk’s Office, 567-3775, at least 24 hours prior to the meeting.

I.    CALL TO ORDER

II.    DETERMINATION OF A QUORUM 

III.    APPROVAL OF MINUTES

IV.    INVESTMENT PRESENTATIONS/REPORTS
Review of quarterly investment performance by Andco Consulting

V.    REQUESTS FROM THE PUBLIC/EMPLOYEES PRESENT 

VI.    OFFICER AND MEMBER REPORTS

VII.    STAFF REPORT    

1.     Approval of expenses:

A.  Fifth Third Bank for the following accounts:  R&D $2,768.24; Integrity $305.87; TIPS $187.54; Anchor $904.61 for quarter end 9/30/20

B.  Anchor Capital for quarter end 9/30/20 in the amount of $17,692.09 

C.  Integrity in the amount of $2,618.17 & TIPS in the amount of $899.24 for quarter end 9/30/20

D.  RBC Global for quarter end 9/30/20 in the amount of $14,457.62

E.  Sugarman & Susskind in the amount of $1,615.00 dated 10/14/20

F.  AndCo Consulting in the amount of $9,017.65 for quarter ending 9/30/20 

G.  American Realty Advisors in the amount of $3,155.57 for quarter ending 9/30/20 (deducted from distributions)

H.  Plan Administrator $9,888 for quarter end 9/30/20 (automatic debit) 

I.  Intercontinental quarterly fees 9/30/20 (deducted from distributions) $7,879

J. Foster & Foster dated 9/1/20 in the amount of $1,988.00

K. Brown & Brown, Fiduciary Liability Insurance renewal 10/1/20-10/1/21 $8,048.00

L. FPPTA annual membership renewal $620.

2.    Approval/Acknowledgement of the retirements/contribution refunds/buy-in/stop payments:

Retirement(s):  Johnnie Johnson 9/1/20 Life only with Social Security Option to age 64; Michael Artelli 10/1/20 Retirees life with 100% Joint Annuitant 

Contribution refund(s):  Before Plan freeze benefits leave in plan, withdraw after plan freeze only: Mark Whorton; After Plan benefits only: Vincent DeRise, David Sanders, John Pine, Michael Coffell, Breanna Garrison, Brian Bond, Grayson Jackson, Zoe Vazquez, Chay Kight, Kimberly Collins, Keishawn Green, Britani Bond

Stop Benefit:  Mary Linsinbigler 11/1/20; Helen Highsmith 10/1/20; Tommie Ingram 9/1/20

Buy-in:  Ashley Tuggle 383 days

3. Approval for meeting dates 2021:  February 16; May 18; August 17; November 16

4.  Deposit to the account $3,807 dividend from Principal Financial Group; $5.00 reimbursement for securities litigation       settlement 

 5.  Submitted revised Investment Policy Statement to City, State, Actuary, Attorney and Consultant

      6.  Acknowledge Intercontinental distribution of $39,846.03 dated 10/29/20 and $37,393.84 dated 8/20/20

VIII.    OLD BUSINESS

IX.    NEW BUSINESS

X.    ATTORNEY’S REPORT

NOTE:    If you are not a Trustee of the Pension Board, your absence from work must be charged to vacation or compensatory time.  Your attendance will not be compensated (per Personnel Policies 6.02).