Police/Fire Pension MinutesOctober 26, 2017Page 1
TOWN OF I N D I A L A N T I C
Brevard County, Florida 32903
PENSION BOARD OF TRUSTEES - POLICE/FIRE
MINUTES 18-01
October 26, 201710:00 AM
PRESENT:Chief Thomas Flamm, FD Member & Chairman
Cpl. Timothy Weber, PD Member
Chief Mike Casey, PD Member & Secretary
OPEN, Member
Tyler Grumbles, AndCo.
Bonni Jensen, Esq. (telephonically)
Jennifer Small, Recording Secretary
ABSENT:Bruce Bogert, Member
1. CALL TO ORDER AT 10:00 AM
Chairman Chief Flamm called the meeting to order at 10:00 am
2. APPROVAL OF MEETING MINUTES
A. Minutes 17-05, July 27, 2017
Chief Caseymoved to approve Minutes 17-05. Cpl. Weber seconded. Motion carried unanimously.
3. REPORT FROM TYLER GRUMBLES, ANDCO.
A. Acceptance of the 4th Quarter Performance Report
Mr. Grumbles presented the 4th Quarter Performance Report to the Board.
Mr. Grumbles also added that there was minimal impact from the hurricanes to the real estate investment. He also mentioned that he is working on the auditors request from last year and will email them the information once it is ready.
Chief Caseymoved to accept the 4th Quarter Performance Report. Cpl. Weber seconded. Motion carried unanimously.
4. REPORTS FROM ATTORNEY JENSEN
- Update on mutual consent for police and ordinance for mutual consent/share accounts for firefighters
Attorney Jensen shared with the Board that the PBA agreed to use the funds to offset the Towns contributions and that the Town is working with Jim Linn to draft an ordinance for the share account for the firefighters. Attorney Jensen said she is working with them on the ordinance.
- Fiduciary Notification
Attorney Jensen reviewed the notice provided to the Board regarding the Fiduciary Notification memo and said no action was needed.
- Federal, State and Local Death Benefits
Attorney Jensen advised the Board that shethought it was good for the employees on the Board to know what benefits are offered by the Town to officers killed in the line of duty. Attorney Jensen suggested that a discussion should be had on how to compensate an officer’s family if they are killed in the line of duty.
5. OTHER BUSINESS
A. Approval of invoice #20297 from Attorney Jensen in the amount of $557.00
B. Approval of invoice #20436 from Attorney Jensen in the amount of $371.00
C. Approval of invoice #20571 from Attorney Jensen in the amount of $53.00
Chief Casey moved to approve items A-C to be paid. Cpl. Weber seconded. Motion carried unanimously.
D. Approval of invoice #23217 from AndCo Consulting, LLC in the amount of $4,750.00
Chief Flamm moved to approve item D to be paid. Chief Casey seconded. Motion carried unanimously.
E. Approval of invoice #2168 from Integrity Fixed Income Management in the amount of $1,499.78
Chief Casey moved to approve item E to be paid. Cpl. Weber seconded. Motion carried unanimously.
6. PUBLIC COMMENT
There were no public comments.
Chief Casey suggested that the Board should look into the benefits for officers killed in the line of duty that Attorney Jensen had mentioned.
The Board requested that Attorney Jensen provide some benefit options at the next scheduled meeting.
7.ADJOURMENT
Chief Flammmoved to adjourn the meeting at 10:39am. Cpl. Weberseconded. Motion carried unanimously.
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Thomas Flamm, Chairman
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Jennifer Small, Recording Secretary