2005-05-09 Fire Fund Meetingn
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City of Okeechobee
City of Okeechobee Firefighters Pension
Board Meeting- May 9, 2005
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Fire Department �
Trustees present: Bill Douglas, Glenn Hodges, Jokn Koepke.
A motion was made by John Koepke, second by Glenn Hodges, to accept the minutes of
the meeti.ng from Feb. 14`� 2005, motion passed.
Theora, from Gabriel, Roeder, Smith, & Co. discusses Actuarial Valuation with all
boazds. Motion by John Koepke, second by Bill Douglas, to accept Actuarial Valuation,
motion passed.
Trusco discusses Market Snapshot, Account Activity, Portfolio Comparision,
Performance Comparisions.
Smith Barney discusses Portfolio Performance, Manager vs Universe.
A motionwas made by John Koepke, second by Bill Douglas, to allow Merita Rice to use
online services of Benepay, motion passed.
Attorney Christiansen advises that the Drop Plan has been passed by the City Council. A
motion was made by Bill Douglas, second by Glenn Hodges,,to authorize Attomey
Christiansen to make drop plan forms and option forms, motion passed.
A motion was made by Glenn Hodges, second by John Koepke, to expect a 7% return
next year, motion passed.
� eeting Adjorned,
William Douglas, Secretary
55 S.E. Third Avenue . Okeechobee, Florida 34974-2932 . 863-467-1586 . Fax: 863-763-4489