2007-08-13 Fire Fund MeetingOkeechobee City Firefighters
Pension Board Meeting
August 13, 2007
Trustees present: Bill Douglas, John Koepke, Brook Conway, Gary Ritter.
A motion was made by Brook Conway, second by John Koepke, to accept the minutes of
the meeting on May 14, 2007, motion passed.
Trusco reports on unsteady Stock Market. Account Activity- 3/31/07 our fund totaled
$2,036.220.43. 6/30/07 was $2,124.334.20 Trusco discusses Performance comparisions,
Plan composition.
Smith Barney discusses total fund, advises that the figures are good.
Attorney Christianson advises that our Summary Plan Description needs to be updated.
A motion was made by John Koepke, second by Gary Ritter, to allow the attorney to
update this document, motion passed.
The next pension meeting will be November 19th at 5pm. Attorney Christianson goes
over re- appointment dates for trustees.
The Firefighters fund is to receive $38,119.00 this year in state money.
Attorney Christianson advises the bill in Tallahassee allowing up to 20% investing in
foreign stock did not pass.
A motion was made by John Koepke, second by Gary Ritter, to allow Attorney
Christianson to update the contract with Smith Barney, motion passed.
Meeting Adjorned,
William Douglas, Secretary
John Koepke, Chairman