Pension_02-03-2021Min BOARD OF TRUSTEES
City of Longwood Police Officers and Firefighters
Pension and Trust Fund
Longwood City Commission Chambers
175 West Warren Avenue
Longwood, Florida
REGULAR MEETING
MINUTES
February 3, 2021
6:00 P.M.
(Virtual Meeting—Zoom)
Present: Robert Redditt, Chair
Bruce Kubec, Vice-Chair
Chris Eichler, Member
Pedro Herrera, Board Attorney(Via Zoom)
Jeremy Langley, Florida League of Cities(Via Zoom)
Michelle Longo, City Clerk
Judith Rosado, Finance Director
Absent: Kevin Little, Secretary
Cole Copertino, Member
1. Call to Order. Chair Redditt called the meeting to order at 6:02 p.m.
2. Pledge of Allegiance.
3. Election of Officers
A. Chair
B. Vice-Chair
C. Secretary
Chair Redditt opened the floor for nominations.
Member Eichler moved to table the Election of Officers until the May
meeting. Seconded by Vice-Chair Kubec and carried by a unanimous
voice vote with Secretary Little and Member Copertino absent.
4. Approval of Minutes: October 20, 2020, Regular Meeting
November 17, 2020, Special Meeting
Vice-Chair Kubec moved to approve the minutes as presented. Seconded
by Member Eichler and carried by a unanimous voice vote with Secretary
Little and Member Copertino absent.
5. Review of Agenda Packet Material.
A. Quarterly Performance Review.
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Mr. Langley went over the summary of the Quarterly Performance
Review ending September 30, 2021, and answered questions.
B. Plan Account Statements (September 2020, October 2020, and
November 2020).
Chair Redditt reviewed the statements and noted that the Beginning
Balance for September 2020 was$22,238,734.90,the Contributions were
$201,619.99, the Losses were $366,475.20,the Distributions were
$22,522.60, the Fees and Expenses were$3,130.00, and the ending
balance was $22,048,227.09.
Chair Redditt noted that the Beginning Balance for October 2020 was
$22,048,227.09,the Contributions were $253,775.61,the Losses were
$239,643.39, the Distributions were $22,522.60, the Fees and Expenses
were $13,280.81, and the ending balance was $22,026,555.90.
Chair Redditt noted that the Beginning Balance for November 2020 was
$22,026,555.90, the Contributions were $54,431.72, the Earnings were
$1,803,628.34,the Distributions were $22,522.60, the Fees and Expenses
were $620.00, and the ending balance was $22,861,473.36.
Member Eichler moved to accept the Plan Account Statements as
presented. Seconded by Vice-Chair Kubec and carried by a
unanimous voice vote with Secretary Little and Member
Copertino absent.
C. Expense Report.
Chair Redditt reviewed the Expense Report.
Vice-Chair Kubec moved to approve the Expense Report as
presented. Seconded by Member Eichler and carried by a
unanimous voice vote with Secretary Little and Member
Copertino absent.
D. Renewal of Membership to the Florida Public Pension Trustees
Association (FPPTA).
Member Eichler moved to approve the membership renewal.
Seconded by Vice-Chair Kubec and carried by a unanimous voice
vote with Secretary Little and Member Copertino absent.
6. Other Business. None.
7. Board Attorney Report.
A. Status update on the continuance of the Joshua lamaio Disability
Informal Hearing.
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Mr. Herrera reported receiving a response from Mr. lamaio's attorney on
an update advising they were still waiting for some of the records and
information, and asked if possible to table until a later meeting. He noted
there was nothing that precludes or adversely affects them by tabling the
matter. He would like to allow Mr. lamaio to present his case in the best
possible fashion. He suggested accepting the request to table the matter
until the May meeting or later date, once our member is ready to
present.
It was the Board's consensus to table the matter until the May meeting.
Mr. Herrera reported on the new E-Verify Law passed on July 1, 2020,
effective on January 1, 2021. He explained what the law entailed and
noted that it would not have a practical effect on the Board but would
require additional administration. It requires all public employers,
including local school districts, public universities, and colleges, and state
and local agencies, as well as their private contractors,to use E-Verify, a
federal electronic database intended to aid employers in confirming
against federal databases that the documentation provided by new hires,
contractors, to establish lawful employment eligibility are in fact valid. It
was noted that the two providers the Board has, Florida League of Cities
and Sugarman &Susskind, Mr. Herrera's firm, are already in compliance
with the law. He also gave an update on Bills filed in the upcoming
legislation session that would affect the Florida Retirement System and
there was talk about potential reform for Municipal Plans. He noted
there was a Bill filed that direct funds away from the Police Force for local
municipalities and agencies, it also increases criminal liability for certain
protests. He said he would provide the Board with updates about that.
On the educational front, he reported the State advised they were
canceling their Trustee School in May. There are online and virtual
courses available.
8. Member Comments. None.
9. Public Participation. None.
10. Adjournment. Chair Redditt adjourned the meeting at 6:45 p.m.
Minutes approved by the Board of Truste s: 05-05-202
Robert Redditt, Chair
ATT ST:/
Michelle on , R ord ary
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