2009-05-11 Fire Fund MeetingCity of Okeechobee
Okeechobee City Firefighters pension Meeting
May 11, 2009
Fire Department
Trustees Present: Bill Douglas, John Koepke, Gary Ritter.
A motion was made by Gary Ritter, second by John Koepke, to accept the minutes of
February 9, 2009, motion passed.
Salem Trust, our new custodian, advises of money transfers by the end of the week. Also
discusses the stimulus package. Contracts for Bowen Hanes are completed.
Attorney Christiansen discusses the proposed increase in the ActuaryEvaluation fee, and
to be the Fudicuary.
Each board is taking care of their own minutes. Trustee renewals will be coming up.
Discussion on new ordinance by Attorney Christiansen. He will get ordinances ready for
the City in 175 and 185. Discussion was held on trustee terms going from two years to
four years, pretax for Police and Fire, foreign investments maximun of 25 %, also a
change in the Pension Termination by Cities.
Bogdahn Group discusses first quarter. Portfolio as of 3/31 /09 $1,761.449.00.
Performance, 2.70 first quarter.
Boards will sign termination letter for Suntrust.
Attorney Christiansen discusses trustees attending conferences.
Meeting Adjorned
Wil 'am Douglas, Secretary
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ohn Koepke, Chairman
55 S.E. Third Avenue • Okeechobee, Florida • 34974 -2932 • 863 - 467 -1586 • Fax: 863- 763 -4489