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City of Berkeley, MO CITY OF BERKELEY, MO
Police & Firemen's Retirement Fund Pension Board Meeting Agenda

Thursday, June 28, 2018 at 05:30 PM


BOARD OR COMMISSION: Police & Firemen's Pension Board
MEETING DATE: Thursday, June 28, 2018 at 05:30 PM
MEETING PLACE: City Hall


Thursday, June 28, 2018
5:30 pm - 6:30 pm

  1. Approval of Agenda
    The agenda was approved by Fire Chief James Linhardt, Chairman, as distributed.
  2. Call to Order & Roll Call
  3. Approval of Previous Minutes March 29, 2018 meeting and confirm approval of November 29, 2017 minutes due to no quorum at March 29th meeting.
  4. Investment Consultant Report
    1. Review of most current investment consultant report from DAHAB Associates
  5. Benefits and Refund Applications and Appeals
    1. Refund Contributions to:
      1. Tyler Zangara (Fire)
      2. Confirm approval of benefit applications from March 29, 2018 meeting when Board lacked a quorum: Anderson, Lawton, Bailey, and Walker.
  6. Financial Reports and Report from City Finance Director, and Pension portion of annual City audit
    1. Review of most current unaudited Pension Plan financial statements with year to date and prior year to date reporting on revenue and expenses with additions of custodial fees and Trustee travel expense line items. Are tax revenues consistent with actuarial projections.
    2. Review of most current report on Employee contributions to the Pension Plan.
  7. Legal Report
    1. Review past mistaken refunds of Employee Contributions: Letter was drafted to be sent to vested terminated participant Merriweather (Doc 737136); confirm that letter issued.
    2. Petrobras security litigation claim (Doc 743164)
  8. Old Business
    1. Replacement Trustees: City Manager and Police Officer Trustee.
    2. Finance Questions on signed authorization form and 24 or 26 payroll deduction periods.
  9. New Business
    1. Question on monthly benefit calculation has been raised by future retiree. This issue was forwarded to Milliamen for clarification.
  10. Agenda for Next Meeting
  11. Adjournment