HomeMy WebLinkAboutMinutes Fire Pension 061807PALM BEACH GARDENS FIREFIGHTERS' PENSION FUND
MINUTES OF MEETING HELD
June 18, 2007
A meeting of the Board of Trustees was called to order at 10:02 A.M. at Station 3, Palm
Beach Gardens, Florida. Those persons present were:
TRUSTEES OTHERS
Ed Morejon Margie Adcock, Administrator
Steve Rogers Robert Sugarman & Pedro Herrera, Attorney
Tom Murphy
MINUTES
The Board reviewed the minutes of the meeting held May 21, 2007. A motion was made,
seconded and carried 3 -0 to accept the minutes of the meeting held May 21, 2007.
DISBURSEMENTS
Ms. Adcock presented the list of disbursements to be made. It was questioned about the
result of the issue involving billing for travel by the Attorney. Ms. Adcock advised that
the Attorney gave credit to their invoice for the travel time billed. Mr. Sugarman stated
that travel time is pro rated between all the clients that he travels for that day in Palm
Beach County. He stated that it is usually billed as part of the meeting and not a separate
entry. The Board stated that that was not their understanding. The Board thought that
they were not being charged for travel time at all as long as Mr. Sugarman was in Palm
Beach County for another meeting. The Board asked the Administrator to review the
minutes and the contract on this matter. The Board discussed the status of the online
calculator. It was noted that the City provided information that was not accurate and
further work needed to be done. Mr. Morejon stated that he did not think it was the
Administrator's fault that they did not have the online calculator running and inquired if
the Board wanted to revisit the matter and start paying the new rate. The Board felt that
they did not want to pay for the online calculation until it was working but noted that the
Administrator could break out the administrative part of the fee and propose an increase
for that now. A motion was made, seconded and carried 3 -0 to approve the
disbursements listed.
ATTORNEY REPORT
Mr. Sugarman reported on the status of the contract with Galliard. He stated that they
were close to a final contract but were not there yet. It was noted that the Board would
like to get the money transferred by the end of the quarter. A motion was made,
seconded and carried 3 -0 to authorize the Chair to sign an agreement with Galliard if Mr.
Sugarman is able to reach a satisfactory agreement within the next week.
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Mr. Sugarman presented a revised Exhibit A Addendum to the agreement with Dana
effective April 1, 2007. A motion was made, seconded and carried 3 -0 to authorize the
Chair to sign the revised Exhibit A Addendum to the agreement with Dana.
ADMINISTRATIVE REPORT
Ms. Adcock provided the Board with copies of Form 1 Financial Disclosures that are due
on July 1.
Ms. Adcock reported that the State approved the 2006 Annual Report.
Ms. Adcock reported that the final capital call of $500,000 will be wired to American
Realty on July 2, 2007.
OTHER BUSINESS
There was further discussion on the agreement with Galliard. Mr. Sugarman noted that
the Board's second choice was Agincourt. He stated that he was pretty sure that he could
have a contract with them ready in about 24 hours. The Board directed Mr. Sugarman to
give Galliard one week form today to work out a satisfactory agreement. If an agreement
cannot be worked out within that time frame, the Board directed Mr. Sugarman to work
out a contract with Agincourt so the money could be transferred by the end of the quarter.
There was a lengthy discussion on issues involving the talk of a possible transfer to FRS.
Mr. Sugarman stated that the Union and the City need to familiarize themselves with all
of the options available. He stated that if such discussions are going to occur, he would
like to be present.
Mr. Morej on stated that he spoke with Allan Owens and confirmed that he had the impact
statement for the proposed Ordinance.
A Participant inquired if a vote was required to change the multiplier. There was a
lengthy discussion. Mr. Sugarman stated that the Commission needs to make any
changes to the Plan. However, the City and the Union must first bargain the changes. If
an agreement is reached between the parties then the collective bargaining agreement is
ratified by members of the bargaining unit. He noted that management firefighters have
no say on the changes because they cannot vote in the bargaining unit as they are not
members. He stated that the bargaining unit can approve or disapprove the changes.
There is no opportunity for non - bargaining until members to have a vote.
There being no further business, the meeting adjourned.
Respectfully submitted,
Tom Murphy, Secretary