HomeMy WebLinkAboutAgenda Police Pension 011409I-
Agenda
City of Palm Beach Gardens Police Officers'
Pension Fund
LOCATION: City Council Chambers'
10500 North Military Trail
Palm Beach Gardens, FL 33410
TIME: 10 : OOAM
1. Call Meeting To Order
2. Roil Call:
Lt. Jay Spencer, Chairman
David Pierson, Secretary
Jules Barone, Trustee
Brad Seidensticker, Trustee
Wayne Sidey, Trustee
3. Investment Consultant Report - Thistle Assets Consulting (John McCann)
Review OF the current market situation
4. Administrator Report - TPA (Audrey Ross)
Trustee Elections
5. Attorney Report - Hanson, Perry & Jensen, P.A. (Bonni Jensen)
Next Meetina Date;
*Thursday January 29, 2009 @ 9AM
Approval of Revised TPA contract
ASSlG N M E NT AND ASS U M PTlON
WHEREAS, the pension administrator for the Palm Beach Gardens Police Pension
Fund ('the Fund"), The Pension Resource Center, LLC, has changed its name to Tegrit Pian
Administrators, LLC; and
WHEREAS that certain agreement between The Pension Resource Center, LLC and
the Fund ('the Agreement") dated May 11,2006, provides that the Agreement shall inure to
the benefit of the successors and assigns of each of the parties; and
WHEREAS the Agreement can be assigned only with the express written approval of
the Trustees of the Fund;
NOW, THEREFORE, in consideration of the mutual agreements herein contained, it
is covenanted and agreed as follows:
1. The Trustees of the Fund expressly consents to the assignment of its
Agreement with The Pension Resource Center, LLC to Tegrit Plan Administrators, LLC.
2. Tegrit Plan Administrators, LLC expressly assumes all rights and
responsibilities under the Agreement between The Pension Resource Center, LLC and the
Fund.
Accepted by Tegrit Plan Administrators, LLC by J. Scott Baur, its CEO.
J. Scott Baur
This day of 2009.
Witness:
ACTIJAI FlXFn o/.
MV 01/09/2009(1
REBALANCE TO 35%
7% SBP500
SBP400 4%
SBP600 2%
TOTAL
I
.L""I.I..ILI.Y
6.79%
__ CD0,IJI. I, J
4m"h $12,051,020
$3,293,847
$1,751,435 ' $541,593
$3,293.847
$1.000,820
I I
I I