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City of Casselberry Police Officers' an' <br />Firefighters9 Pension Board of Trustee <br />Minutes of August 149 2012 Meeting <br />Page 3 of 5 <br />The Bogdahn group performed an onsite due diligence visit with Manning & Napier. Bogdahn <br />provided an update on their findings, and recommended staying with Manning & Napier at this time. <br />Although the portfolio position is good, and the reinvestment in good stocks, bankable deals, and <br />deep value stocks shows a projected solid rebound in the market'. Bogdahn advised to keep Mannint; <br />& Napier on a "probation" status for now. <br />7. 11, onsent Agendj <br />MOTION: Member James Strenth moved to approve the Expenditure Report, as presented. <br />Motion was seconded by Member Matthew Hettler. Motion carried unanimously <br />by voice vote 3-0. <br />8. Miscellaneous <br />A. New Members Report <br />Interim Finance Director/Board Records Management Liaison Officer, Rebecca Bowman, stated thal' <br />there were <br />• new members to report. <br />B. Separation of Service of Members Report <br />Ms. Bowman reported the separation of non-vested Fire Department employee Scott Ketchum in July <br />2012, and PD employee Brandon Lajoie in June 2012. <br />RMLO Bowman requested approval of Kevin Pederson request for a payout of $284.05/month, and Alan <br />Layton requested a payout amount of $344.44, for their lifetime benefit amounts. <br />Approve early retirement of Kevin Pederson Amount receiving: $284.05. <br />