2012-08-06 Fire Fund Meetingt
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City of Okeechobee
Okeechobee Ciry Firefighters
Pension Board Meeting August 6, 2012
Trustees Present: Bill Douglas, Glenn Hodges, Gary Ritter.
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Fire Department ���,�as
The minutes of the meeting of May 14th, and July 2"d ( conf. call) were accepted by motion of Glenn
Hodges, second by Gary Ritter, motion passed.
Gabriel Roeder Smith & Co. gives reports on Summary Plan Provisions, City Contributions, Gain, Loss,
Historical Gain ,Loss, Funded Ratio, Future Contributions. The boards should discuss a Funding Policy
that they may want to implement.
A motion was made by Glenn Hodges, second by Bill Douglas, to install PR2000, motion passed. The
Actuarial Evaluation was accepted by motion of Gary Ritter, second by Bill Douglas, motion passed.
The Bogdahn Group reports on the quarter performance, bonds have been doing well. Discusses Market
Enviroment, Asset Allocation Summary, Comparitive Performance. Also discusses to remove Bowen
Hanes from the fixed income. Bogdahn Group will recommend different companies to consider for fixed
income and equity. Attorney Christiansen recommends the fixed income to be settled first. The boards
will hold a special meeting to discuss possible changes in investor.
Attorney Christiansen asks about the RFP. The boards recommend that our attorney report to the City
Council the status of all three pension funds. O�cers need to be elected at the next meeting.
A motion was made by Bill Douglas, second by Glenn Hodges, to allow the attorney to make changes to
the Summary Plan as needed, motion passed.
Meetind Adjorned
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ohn Koepke, Chairman
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William Douglas, Secretary
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55 S.E. Third Avenue . Okeechobee, Florida e 34974-2932 a 863-467-1586 . Fax: 863-763-4489