Details Meeting Name: General Employees Pension Plan Board of Trustees Agenda status: Final Meeting date/time: 2/10/2021 10:00 AM Minutes status: Final   Meeting location: City Hall Published agenda: Agenda Published minutes: Minutes Video Not available   Meeting video: Audio   Attachments: Meeting Items (41) 41 records Group Clear sorting Clear grouping Group by Type Group by Result Export Export to Excel Export to PDF Export to Word Show: All agenda items Legislation only All agenda items File # Ver. Agenda # Name Type Title Action Result Action Details Audio     1.     Call to Order     Audio     2.     Pledge of Allegiance     Audio     3.     Roll Call     Roll call Audio ID# 20-0860 1 a.   Action Item Motion to excuse any absent Trustees approved Pass Action details Audio ID# 20-0887 1 b.   Action Item Motion to allow virtual participation and participation in meeting discussions (Trustees participating virtually do not count towards quorum and may not vote) approved Pass Action details Audio     4.     Approval of Minutes     Audio ID# 20-0861 1 a.   Action Item Approval of the General Employees Pension Plan Board of Trustees December 10, 2020 minutes adopted Pass Action details Audio     5.     Consent Agenda     Audio ID# 20-0862 1 a.   Action Item December 2020 Retiree Benefit Payments $209,538.87 approved Pass Action details Audio ID# 20-0863 1 b.   Action Item January 2021 Retiree Benefit Payments $172,990.65 approved Pass Action details Audio ID# 20-0864 1 c.   Action Item February 2021 Retiree Benefit Payments $172,990.65 approved Pass Action details Not available ID# 20-0865 1 d.   Action Item Rice Pugatch Robinson Storfer & Cohen (Jan-Mar 2021 Legal Fees) $ 3,000.00 approved Pass Action details Audio ID# 20-0866 1 e.   Action Item Richmond Capital Management (Oct-Dec 2020 Management Fees) $ 4,752.00 approved Pass Action details Audio ID# 20-0867 1 f.   Action Item Richmond Capital Management TIPS (Oct-Dec 2020 Management fees) $ 272.00 approved Pass Action details Audio ID# 20-0868 1 g.   Action Item Burgess Chambers & Associates, Inc. (Oct-Dec 2020 Consulting Fees) $ 8,000.00 approved Pass Action details Audio ID# 20-0869 1 h.   Action Item Burgess Chambers & Associates, Inc. (Travel for December Meeting) $ 537.75 approved Pass Action details Audio ID# 20-0870 1 i.   Action Item SSI Management Fee (Oct-Dec 2020 Management Fees) $ 4,431.00 approved Pass Action details Audio ID# 20-0871 1 j.   Action Item DANA (Jan-Mar 2021 Management Fees) $ 14,096.77 approved Pass Action details Audio ID# 20-0872 1 k.   Action Item Fifth Third Administrative Fees (Oct-Dec 2020) $ 2,929.78 approved Pass Action details Audio ID# 20-0873 1 l.   Action Item American Core Realty (Oct-Dec 2020 Management Fees) $ 8,648.27 approved Pass Action details Audio ID# 20-0874 1 m.   Action Item Foster & Foster Actuarial Services $ 1,640.00 approved Pass Action details Audio           Approval of the Consent Agenda items a, b, c, d, e, f, g, h, i, j, k, l, and m approved Pass Not available     6.     Consultant's Reports     Audio ID# 20-0875 1 a.   Informational Item Presentation by Burgess Chambers & Associates, Inc. (Burgess Chambers) i. Investment Report Quarter Ending 12/31/2020     Action details Audio ID# 20-0876 1     Informational Item ii. Morningstar Profile Reports     Action details Audio ID# 20-0877 1     Informational Item iii. Investment Fee Analysis (page 33 of report)     Action details Audio ID# 20-0878 1 b.   Informational Item Presentation by Foster & Foster, Inc. (Sara Carlson) i. City of Sanibel General Employees' Retirement Plan Actuarial Valuation Report as of October 1, 2020 approved Pass Action details Audio     7.     Staff Liaison Report     Audio ID# 20-0879 1 a.   Informational Item Fiscal Year 2021 year to date cash flow analysis prepared by Steven C. Chaipel, City of Sanibel Finance Director     Action details Audio     8.     New Business     Audio ID# 20-0880 1 a.   Informational Item Retiree Benefits Changes (No action - informational) i. $3,558.16 monthly beginning 01/01/2021 (Retiree lifetime with 100% Joint Annuitant) ii. Benefit payments reduced $905.68 in December 2020 due to Retiree passing     Action details Audio ID# 20-0881 1 b.   Informational Item Department of Management Services Division of Retirement Correspondence (No action - informational/discussion)     Action details Audio     9.     Reports     Audio ID# 20-0882 1 a.   Informational Item City Council Liaison     Action details Audio ID# 20-0883 1 b.   Informational Item Attorney     Action details Audio ID# 20-0884 1 c.   Informational Item Chair     Action details Audio ID# 20-0885 1 d.   Informational Item Secretary     Action details Audio     10.     Public Comment approved Pass Audio     11.     Next Meeting Date     Audio ID# 20-0886 1 a.   Informational Item May 12, 2021, 10:00 AM in MacKenzie Hall     Action details Audio     12.     Adjournment     Audio