2012-02-13 Fire Fund MeetingFebruary 13, 2012
Okeechobee City Firefighters
Pension Board Meeting
Trustees Present- Bill Douglas, John Koepke, Mike Skipper.
A motion was made by John Koepke, second by Mike Skipper to accept the minutes of November 7,
2011, motion passed.
A report was given by The Bogdahn Group on the quarterly performance, it was a positive quarter.
Discusses Market Enviroment. Fund value as of 9/30/11 $2,317,400. As of 12/31/11 $2,493,157.
Discusses Comparitive Performance Trailing Returns as of 12/31/11. A discussion was held of possibly
hiring a bond manager. The Bogdahn Group rep will bring materials for the boards to look at. Police
pension fund not happy with the performance of Bowen Hanes.
A motion was made by Mike Skipper, second by John Koepke, to allow Bogdahn Group to do a manager
search for bonds, motion passed.
Attorney Christiansen discusses the ordinance change, Actuarial Equivalent and Salary. The Fire
Department will only have the Actuarial Equivalent in the ordinance. Also discusses Auditor letter that
needs to be signed by boards. Also advises of bills going through the House and Senate.
Meeting Adjorned
John Koepke, Chairman
William Douglas, Secretary