Pension04-15-14MinBOARD OF TRUSTEES
Florida Municipal Trust Fund Retirement Plan and Trust
for the Firefighters and Police Officers
Longwood City Commission Chambers
175 West Warren Avenue
Longwood, Florida
REGULAR MEETING
MINUTES
April 15, 2014 7:00 p.m.
Present: Robert Redditt, Chair
Marc McLarnon, Vice Chair
Greg Vanatta, Secretary
Gary Gillett, Member
Scott Christiansen, Board Attorney
Paul Shamoun, Florida League of Cities
Matt Dickey, Florida League of Cities
Pam Barclay, Finance Director
Michelle Longo, Recording Secretary
Absent: Chris Kempf, Member
1. Call to Order. Chair Redditt called the meeting to order at 7:00 p.m.
2. Pledge of Allegiance.
3. Introduce New Trustee — Officer Gary Gillett
Chair Redditt welcomed the new Trustee, Officer Gary Gillett.
4. Approval of Minutes: January 21, 2014 Regular Meeting.
" Chair Redditt moved to approve the minutes as presented. Seconded by
Secretary Vanatta and carried by a unanimous voice vote with Member
Kempf absent.
5. Review of Agenda Packet Material.
A. Plan Account Statements (December 2013, January 2014 and
February 2014).
Chair Redditt noted that the beginning balance for December 2013 of
$10,61.0,174.59, the Contributions were $40,127.77, the Earnings were
$109,338.81, the Distributions were $4,238.22, the Fees were $375.00, and the
ending Balance was $10,755,027.95.
Chair Redditt noted that the beginning balance for January 2014 was
$10,755,027.95, the Contributions were $19,523.39, the Earnings were
$213,830.31, the Distributions were $2,1 19.11, the Fees & Expenses were
$5,441.60, and the ending Balance was $10,553,160.32.
Chair Reddit noted the beginning balance for February 2014 was $10,553,160.32,
the Contributions were $18,817.06, the Earnings were $309,300.85, the
Distributions were $2,119.11, the Fees & Expenses were $7,125.00, and the
ending Balance was $10,872,034..12.
B. Quarterly Performance Review.
Chair Redditt noted that for the Quarterly Statement for October 1, 2013 through
December 31, 2013 had a beginning balance of $10,184,454.76, the Contributions
were $91,978.91, the Earnings were $553,442.41, the Distributions were
$65,165.93, the Fees & Expenses were $9,682.20, and the ending Balance was
$10,755,027.95.
Discussion ensured.
Chair Redditt moved to approve the Plan Statements as presented.
Seconded by Secretary Vanatta and carried by a unanimous voice vote
with Member Kempf absent.
C. Invoices.
a. Christiansen & Dehner, P.A. (January 2014, February 2014,
and March 2014).
Vice Chair.McLarnon moved to approve the payment of
the invoices as presented. Seconded by Secretary Vanatta
and carried by a unanimous voice vote with Member
Kempf absent.
b. Fishback, Dominick, Bennett, Ardaman, Ahlers, Langley &
Geller LLP (January 2014 and February 2014).
Chair Redditt said this is the law firm that is handling the John Zeh
Pension Forfeiture Case.
Vice Chair McLarnon moved to approve the payment of
the attorney fees. Seconded by Secretary Vanatta and
carried by a unanimous voice vote with Member Kempf
absent.
C. Florida Municipal Pension Trust (February 2014).
Mr. Shamoun said this was a statement for the Actuarial evaluation
that will be discussed at the next meeting.
Vice Chair McLarnon moved to approve the payment of
the statement. Seconded by Secretary Vanatta and carried
by a unanimous voice vote with Member Kempf absent.
6. Other Business.
Ms. Longo stated information was placed on the Dias for the members regarding;
the locations for upcoming training. She stated there will be a mini conference
held in Lady Lake on June 11 il' at 3:00 p.m.
Mr. Christiansen said it is for two and one half hours and does not recommend
this as a substitute for the PPTA Conferences or the State Conferences. He said
they cannot cover the same material since their conference is for two and one half
days.
7. Board Attorney Report.
Mr. Christiansen reminded them of the Financial Disclosure Form which will be
coming in the mail to the current Board Members. He said they are due July 1,
2014 and if they are late, there will be a fine. Ile said they are to be returned to
the Supervisor of Elections in the county you live in.
Mr. Christiansen said regarding the John Zeh Case, the City Attorney, Dan
Langley, will be presenting the case in support of the forfeiture, and Mr. Zeh has a
representative representing him. He said the case will be made to the
Administrative Law Judge and that Law Judge will take it under advisement and
issue a "Recommended Order." He will make a Finding of Fact and a
Recommended Action, and that will come back to the Board. He said they can
attend that meeting if they want as a Trustee, but they will have no participation,
and if more than one attend, they cannot discuss it because of the Sunshine Law.
Mr. Christiansen said they have another disability that has been filed for Anthony
Morse, a Police Officer. He said they have the application, but he has not filed a
Total and Permanent Letter which is part of the application and is the letter from a
doctor who states, in his opinion, he is unable to perform useful and efficient
service as a police officer. He said Mr. Morse needs to provide them with this
letter before they can move forward.
Mr. Christiansen talked about Senate Bill No. 246, House Bill
No. 509 and Senate Bill No. 71.8.
8. Member Comments. None.
9. Public Participation. None.
10. Adjournment. Chair Redditt adjourned the meeting at 7:51 p.m.
ATTES
chelle on •
Mi, r g Secretary