2012-08-06 General Fund Meeting•
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CITY OF OKEECHOBEE AND OKEECHOBEE UTILITY
AUTHORITY PENSION BOARD MEETING MINUTES
AUGUST 6, 2012
CITY HALL
55 SE THIRD AVENUE
OKEECHOBEE, FL 34974
CALL TO ORDER:
TRUSTEE ATTENDANCE:
5:08 P.M. by Jamie Mullis
Jamie Mullis
Kevin Barbour
OTHERS PRESENT: Scott Christiansen, Attomey
Basil Coule, Financial Liaison
Janet McKinley, Finacial liason
Tim Nash, Bogdahn Group
Jack Evatt, Bogdahn Group
Theora Braccialarghe, Gabriel, Roeder, Smith & Company
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Theora went over the actuary report and briefly summarized all three plans and reviewed funding methods and
explained required contributions.Theora also recommended we update our mortality table to the RP 2000 Fully
Generational table. Theora was also able to clarify the City could use the prior or current year Actuary Valuation for
the financials which cleared up the problem the City had. We had sent out for RFP's for the Actuary and decided to
hold on to them while this issue is clarified.
Tim Nash and Jack Evatt of the Bogdahn Group gave their report and are still recommending that we switch our fixed
income manager. They presented reports to back up their recommendation.
Scott had a few housekeeping items, one to re-elect new officers and to authorize him to do the summary plan
description at the next meeting.
General Plan did not have a quorum so no action was taken on anything.
City General/0UA Pension board of Trustees Items:
There being no further business, the meeting was adjoumed at 7:30 p.m.
Jamie Mullis Chairman