02-05-2020 Agenda
NOTICE OF REGULAR MEETING
City of Ocoee Police Officers’ & Firefighters’ Pension Board
The City of Ocoee Police Officers’/Firefighters’ Pension Board will hold their regular meeting on Wednesday,
February 5, 2020 in the Commission Chambers at City Hall, 150 N. Lakeshore Drive, in Ocoee, Florida. All
interested parties are invited to attend.
AGENDA
February 5, 2020 1:00 PM
I. CALL TO ORDER: Charles Brown, Bryan Pace, William Maxwell, Joe Moy and Trey Littlefield
a. Roll call and determination of quorum
b. Approval of Minutes from Regular Meeting dated 11/6/19
II. PUBLIC COMMENTS:
III. QUARTERLY INVESTMENT UPDATE: Quarter Ending 12/31/2019
AndCo Consulting
IV. NEW BUSINESS:
Presentation of 10/1/19 Actuarial Valuation
Detail of Administrative Expenses
Fiduciary Liability Renewal application (ratification of Chairman’s signature)
V. UNFINISHED BUSINESS:
VI. CONSENT AGENDA:
For Approval: Warrant #189
Benefits USA, Inc. (Flat Monthly Fee for February 2020) $2,100.00
Fiduciary Trust (Q4-19 Custodian Fee-GAMCO Invoice dated 1/16/2020) $1,310.69
Fiduciary Trust (Q4-19 Custodian Fee-GHA; Invoice dated 1/16/2020) $1,531.01
Fiduciary Trust (Q4-19 Custodian Fee-Mar Vista Invoice dated 1/16/2020) $795.20
Fiduciary Trust (Q4-19 Custodian Fee-R&D Invoice dated 1/16/2020) $3,206.04
FPPTA (CPPT recertification fee for 5 Trustees @$31 each) $155.00
Garcia Hamilton (Q4-19 mgmt. fee-Invoice #31737 dated 1/14/2020) $7,683.45
Mar Vista (Q4-19 mgmt. fee-Invoice #6627 dated 1/10/2020) $7,173.37
Sugarman & Susskind (Legal Fees-Invoice #145071 dated 1/14/2020) $6,510.19
Total $30,464.95
For Ratification: Warrants #187-188
AndCo (Q3-19 Consulting Fee-Invoice #33135 dated 9/27/19) $6,250.00
Benefits USA, Inc. (Flat Monthly Fee for October 2019) $2,100.00
Benefits USA, Inc. (Flat Monthly Fee for November 2019) $2,100.00
Fiduciary Trust (Q3-19 Custodian Fee-GAMCO Invoice dated 10/16/19) $1,258.08
Fiduciary Trust (Q3-19 Custodian Fee-GHA; Invoice dated 10/16/19) $1,531.48
Fiduciary Trust (Q3-19 Custodian Fee-Mar Vista Invoice dated 10/16/19) $740.76
Fiduciary Trust (Q3-19 Custodian Fee-R&D Invoice dated 10/16/19) $2,918.28
Foster & Foster (Service Rendered; Invoice #15597 dated 10/28/19) $1,660.00
FPPTA (2020 Annual Membership Renewal) $620.00
GAMCO (Q3-19 Mgmt Fee-Invoice #20190930-157-4967-A dated 10/11/19) $18,871.00
Garcia Hamilton (Q3-19 Mgmt Fee-Invoice #31038 dated 10/4/19) $7,688.28
Mar Vista (Q3-19 Mgmt Fee-Invoice #6190 dated 10/11/19) $6,689.98
Sugarman & Susskind (Legal Fees-Invoice #142496 dated 10/10/19) $1,020.00
Total $53,447.86
Agenda Posted 1-30-2020
NOTICE OF REGULAR MEETING
City of Ocoee Police Officers’ & Firefighters’ Pension Board
February 5, 2020 1:00 PM
CONSENT AGENDA Continued:
AndCo (Q4-19 Consulting Fee-Invoice #34046 dated 12/31/19) $6,250.00
Benefits USA, Inc. (Flat Monthly Fee for Dec 2019 plus pension ltr postage 55 x $1.00)$2,155.00
Benefits USA, Inc. (Flat Monthly Fee for January 2020) $2,100.00
FPPTA (Winter Trustees School Registration for Charles Brown) $720.00
FPPTA (Winter Trustees School Registration for William Maxwell) $720.00
William Maxwell (Hotel and Per Diem for FPPTA WTS) $694.55
Sugarman & Susskind (Legal Fees-Invoice #143348 dated 11/13/19) $3,867.50
Sugarman & Susskind (Legal Fees-Invoice #144400 dated 12/16/19) $5,107.69
Total $21,614.74
Pension Disbursements for Ratification:
Michael Bryant (Monthly Benefit payments effective 1/1/2020) $5,818.24
Michael Bryant (Partial Lump sum benefit as a result of retirement) $94,031.22
Michael Bryant (Share plan distribution) $6,655.24
Steven Ellis (Monthly benefit payments effective 11/1/2019) $6,921.04
Steven Ellis (DROP distribution) $424,363.70
Steven McCosker (Monthly benefit payments effective 10/1/19) $6,510.76
Steven McCosker (DROP distribution) $232,754.09
Steven McCosker (Share plan distribution) $7,491.31
Paul Dunn (Refund of Contributions) $7,005.63
Diego Gonzalez (Refund of Contributions) $5,555.65
Spencer Longest (Refund of Contributions) $5,722.42
Justin Temples (Refund of Contributions) $11,029.36
Total $813,858.66
VII. ATTORNEY’S REPORT:
VIII. MISCELLANEOUS CORRESPONDENCE: (No action required)
IX. COMMENTS FROM TRUSTEES:
X. NEXT MEETING DATE: May 6, 2020 at 1:00 PM
XI. ADJOURN:
PLEASE NOTE: IN ACCORDANCE WITH FLORIDA STATUTE 286.0105: ANY PERSON WHO DESIRES TO APPEAL ANY DECISION AT
THIS MEETING WILL NEED A RECORD OF THE PROCEEDINGS AND FOR THIS PURPOSE MAY NEED TO ENSURE THAT A VERBATIM
RECORD OF THE PROCEEDINGS IS MADE WHICH INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS
BASED. ALSO, IN ACCORDANCE WITH FLORIDA STATUTE 286.26: Persons with disabilities needing assistance to participate in any of these
proceedings should contact the Office of the City Clerk, 150 N. Lakeshore Drive, Ocoee, FL 34761, (407) 905-3100, ext. 9-1022, 48 hours in advance of
the meeting.
Agenda Posted 1-30-2020