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03-21-2013 Police Pension Board Meeting Board of Trustees of the City of Clermont Police Officers Retirement Plan MINUTES Pension Board Meeting Thursday, March 21, 2013 The Board of Trustees of the City of Clermont Police Officers Retirement Plan met on March 13, 2012 in the conference room at the Clermont Police Department. Board members present: James Wynns, Lt. Scott Tufts and John Baker. Also present were Joe Van Zile, Administrative Services Director, Matt Dickey and Paul Shamoun as representatives from Florida League of Cities and Scott Christiansen, Counsel to the Board. CALL TO ORDER Meeting was called to order at 4;00 pm APPROVAL OF MINUTES Motion by S. Tufts and seconded by J. Wynns to approve Minutes from previous meeting on December 20, 2012. OLD BUSINESS Motion by S. Tufts and seconded by J. Wynns to grant Mrs. Evelyn Rodriguez a lifetime benefit of a non-duty death pension of Police Officer Ramon Rodriguez. NEW BUSINESS Nomination of a new member to the Pension Board to replace Chief Broadway. Motion by S. Tufts and seconded by J. Wynns to accept Jason Sayre as the fifth person on the Pension Board. Council approval to follow. ATTORNEY REPORT Counsel gave a report on Senate Bill 458 and future bills, describing their likelihood of passage and their potential impact on the Board. BILLS AND EXPENSES FOR APPROVAL Motion by S. Tufts and seconded by J. Wynns to pay bills on $10,767.53. Copy Attached. Motion by S. Tufts and seconded by J. Wynns to approve refund of contribution of police officer Bernard Sharkey in a lump sum of $538.07. INVESTMENT REPORT The Board received the Plan Account Statement. See Attached Memorandum of March 4, 2013. A report was given by on the Investment Plan. He stated that we were a 60/40 Plan. Based on their investment report we can expect a 7.5%return this year and for many years to come. An Actuarial Valuation for the 2012/13 Fiscal Year, dated October 1, 2012 was distributed. Motion by J. Baker and seconded by J. Wynns to accept the report. ADJOURNMENT Moved by J. Baker and seconded by J. Wynns to adjourn. John Baker, Secretary Two atttachments 4.001 p I 1.1 ILli•L naaso110im fORIDR NRAIIOPAL PENSION _TRUST TURD MEMO ' NDUM TO: Members of the Honda Municip=I Pension Trust Fund(FMPTF) FROM: The Administrator,Florida L e of Cities,Inc. RE Plan Account Statement DATE March 4,2013 The Florida Municipal Pension t Fund(FMPTF)Plan Monthly Account Statements for the period ending January 31,2013,are .• ready to be downloaded* Please review the statements for accuracy and contact Retirement Servi• with any questions or to report corrections. The 2012 Annual Repo ►for 185/175 Fire and Police Plans are being completed. Once your report is finished,we will mail a opy to your contact person. The report needs to be verified and executed and mailed back to us. reports are due into the State by March 15,2013. Chapter Plans'Annual Reports were due by ebruary 1,2013. We will also need your audited financial statements when they are completed. Investments Below are the preliminary January 2013 monthly returns(net of fees)for the portfolios. Portfolio Total Return Broad Market HQ Bond Fund -0.57% Russell 1000 Enhanced Index Portfolio 5.08% High Quality Growth Portfolio 4.71% Diversified Value Portfolio 5.44% Diversified Small to Mid Cap Portfolio 7.43% International Equity Portfolio 4.55% *How to Download Monthly Statements* Log onto https•//secure prghr con/tic/maul do On the bottom left hand corner of the screen,click on Reports. Chck on the+sign by Folders. Click on Plan Account Statement Report. Your Member Name and Plan Name should autofill. Report Type Other Start Date:is the f rst date of the month End Date:is the last date of the month Format DOC Click on Submit A File Download box will open and click on Open. The Monthly Report will open in Word m a few moments Q;. 301 S.Bronough St.,P O Box 1757, Tallahassee,FL 32302-1757 i.+'-` (850)222-9684—Fax(850)222-3806 ` 1..- _��� 2 2 D \ 0 I J ~ $ \ S S S e 8 \ ] E ! 1 - | , .11\ \ \ \ \ 7 N . To ca co C § a \ k U S\ oCA 0 c 0 na % \ g ¥ • o � 2 f X . \ � w 72 G a o 0 a - - n d , R k o ' er 2 k CD%\ - / _ _ 2 0 ® c G o � k t;) o a — ® 2 q . CA 2 &-a be » 69 j D) no S t 0 0 ta k b a a a > / \ ( / E \ 0/ & . rj9 o CD ri / 0 �' § / iCOf § 2e a »Q # C # / \ / �/ - n § . a a 1'D § � _ \ §/ o oE � - - § w � CA N - - t.J co k .. m - - E� // a / SR) n o � ® a. ƒ ® D32 ■ r - o ; 5 \ e" Nk § C _ Q kK � 0 \ / 22k � @� \ 2 \ R n �� z CO • § 0 t - c m @ n § � • S -. \ § k 0 a 1::: k k a a a 41