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HomeMy WebLinkAboutItem 03 Approval of Appointment of a Trustee of the Police Officer's and Firefighters' Retirement Board City of Ocoee ▪ 1 N. Bluford Avenue ▪ Ocoee, Florida 34761 Phone: (407) 905-3100 ▪ www.ocoee.org STAFF REPORT Meeting Date: September 17, 2024 Item #: 3 Contact Name: Melanie Sibbitt Department Director: Melanie Sibbitt Contact Number: Ext. 1026 City Manager: Craig Shadrix Subject: Approval of Appointment of a Trustee to the Police Officer's/Firefighters' Retirement Board. (City Clerk Sibbitt) Background Summary: Trustees for the Pension Boards serve four (4) year terms, as amended in Ordinance 2010-019. The City Commission appoints two (2) of the trustees from the legal residential body of the City of Ocoee, two (2) are elected from the employee body (one (1) police officer and one (1) firefighter), and the fifth trustee is chosen by those four (4) trustees and presented to the City Commission for certification of the appointment as a ministerial act. The term of police elected Trustee Bryan Pace expires on September 30, 2024, and he has indicated he is willing to complete the open vacant term, as the Commission appointed Trustee. Mr. Pace is a City of Ocoee resident and employee. In 2006, it was determined by Former Pension Attorney Lee Dehner that Florida Statutes do not prohibit current city employees from serving as the City Commission appointed Trustee. At this time, no other applications have been received for serving on this board. Issue: Should the Honorable Mayor and City Commissioners consider appointing Bryan Pace as City Commission appointed Trustee for the Police Officers’ and Firefighters’ Retirement Board with a term ending September 30, 2025? Recommendations: Staff recommends the Honorable Mayor and City Commissioners appoint Bryan Pace as City Commission appointed Trustee for the Police Officers’ and Firefighters’ Retirement Board with a term ending September 30, 2025. Attachments: 1. Board Application 2. Board List Financial Impacts: None City of Ocoee ▪ 1 N. Bluford Avenue ▪ Ocoee, Florida 34761 Phone: (407) 905-3100 ▪ www.ocoee.org Type of Item: Consent Updated 8/1/23 Police Officers’/Firefighters’ Retirement Trust Fund Board of Trustees Commission Appointed Email Term Expires William Maxwell wemaxcom@aol.com 9/30/26 Vacant 9/30/25 Board Appointed – Fifth Trustee Email Term Expires Joe Moy Jmoy66@hotmail.com 9/30/25 Elected by Employees Email Term Expires Trey Littlefield – Fire Dept. Elected tlittlefield@ocoee.org 9/30/25 Bryan Pace - Police Dept. Elected bryan.pace@ci.ocoee.fl.us 9/30/24 CONSULTANTS Attorney: Pedro A. Herrera, Esq. pherrera@sugarmansusskind.com David Robinson, Esq. drobinson@sugarmansusskind.com Jessica De la Torre Vila jess@sugarmansusskind.com Sugarman Susskind (305)529-2801 100 Miracle Mile (305)447-8115 fax Suite 300 Coral Gables, FL 33134 Consultant: The Bogdahn Group (863) 293-8289 4901 Vineland Road, Suite 600 (863) 292-8717 (Fax) Orlando, FL 32811 mikew@bogdahnconsulting.com Actuary: Foster and Foster, Inc. (239) 433-5500 13420 Parker Commons Boulevard, Suite 104 (239) 481-0634 (Fax) Fort Myers, FL 33912 data@foster-foster.com Custodian: Fiduciary Trust tel 305-349-2376 Amed Avila fax 305-372-8566 2 Alhambra Plaza, Penthouse 1-A, email aavila@ftci.com Coral Gables, FL 33134 Plan Administrator: Benefits USA (954) 730-2068 x 203 3810 Inverrary Blvd., Suite 303 (954) 730-0738 (Fax) Lauderhill, FL 33319 pete@benefits-usa.org