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City of Casselberry Police Officers' and <br />Firefighters' Pension Board of Trustees <br />Minutes of November 13, 2012 Meeting <br />Page 4 of 7 <br />MOTION: Member Stewart moved to approve the Declaration of Rate of Return at 8% <br />for the next year, the next several years and the long term thereafter based <br />on the advice of the consultant. Motion was seconded by Chairman Glancy. <br />Motion carried unanimously by voice vote 4 -0. <br />6. Consent Agenda <br />The action proposed to be taken is slated for each item on the consent agenda. Unless the item is removed from the <br />Consent Agenda by a Pension Board member for discussion on individual items, a single motion will approve all items. <br />A. Approval of Expenditure Report — <br />1. Contractual Invoices — <br />a. Manning & Napier Advisors, Inc. — July 2, 2012 - $9,142.88 <br />b. Christiansen & Dehner, P.A. — July 11, 2012 — $542.20 <br />c. Salem Trust Co. — July 15, 2012 - $1,250.00 <br />d. Wells Fargo Bank NA — August 7, 2012 - $2,064.99 <br />e. Bogdahn Consulting, LLC — September 24, 2012 - $3,875.00 <br />2. Return of Contribution Invoices — <br />a. Brandon Lajoie —August 7, 2012 - $456.46 <br />i. Return of contributions to non - vested terminated employee <br />ii. Early retirement of Joseph Nas <br />3. Other Invoices — <br />a. City of Casselberry — July 23, 2012 - $255.00 <br />iii. Reimbursement to James Strenth for hotel expense in regards to the <br />Police Officers' and Firefighter's Pension Plan Trustee School <br />MOTION: Member Stewart moved to approve the Consent Agenda, as presented. <br />Motion was seconded by Chairman Glancy. Motion carried unanimously by <br />voice vote 4 -0. <br />7. Miscellaneous <br />A. New Members Report <br />Interim Finance Director/Board Records Management Liaison Officer, Rebecca Bowman, stated <br />that there were no new members to report. <br />B. Separation of Service of Members Report <br />Ms. Bowman reported the separation of vested Police Department employee Joseph Nas on <br />August 9, 2012. Non - vested member Scott Ketcham chose to withdraw. <br />C. Early Retirement <br />RMLO Bowman requested approval of Joseph Nas request for a payout of $154.60 /month, for <br />his lifetime benefit amounts. <br />