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Police /Fire Pension Board Meeting <br />February 14, 2012 <br />Page 5 <br />11. Staff Report <br />The election for the Firefighter member was held on November 23, 2011. Mr. Hettler ran <br />unopposed and is; therefore, the Firefighter member for the next two years. Mi.. Pavlis was <br />reinstated as Board member on the January 23, 2011 City Commission meeting. Manning & <br />Napier will present at the next pension board meeting. The next pension board meeting is <br />rescheduled for May 3, 2012. The Annual Report has been mailed to the State Division of <br />Retirement. The letter for expected rate of return has also been mailed to the State. The Pension <br />Plan Investment report to City Commission was presented at the January 23, 2012 meeting. The <br />City's actuary and the Firefighters' actuary have been approved to share information while <br />working on different plan benefit scenarios. There is no further information to report regarding <br />benefit scenarios at this time. Any costs from Foster & Foster due to the benefits issue must be <br />paid by the City not the Pension Plan. <br />State sponsored pension training is being held in May in Tallahassee. This is the only time State <br />sponsored training will be held for 2012. The next pension board meeting is on May 3, 2012 due <br />to the schedule conflict with the State pension training. <br />Submitted by: <br />12. Other Business <br />There was no other business. <br />13. Adjournment <br />Chairman John Pavlis adjourned the meeting at 11:08 am. <br />ggyq s I �r <br />A s <br />Rebecca Bowman <br />Records Managerne' nt Liaison Officer <br />Approved by the Police Officers' and Firefighters' Board <br />Allt <br />Daniel Glancy, Vice Chair <br />w <br />Dane <br />