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City of Casselherry Police 0 ff ceri' and <br />Firefighters' Pension Board of Trustees <br />Minutes of Fehr uary 9, 2016 Meeting <br />P'age 5 of 5 <br />. Foster & Foster now offers a Plan Administration Portal to all clients for a $650 set up <br />fee. The portal is maintained on a quarterly basis. <br />10. Attorney Report <br />A. Legislation pending in Tallahassee p6manly would expand the definition of in line of duty <br />presumptive illness for pension payments to include ewicer. A second bill pending would expand <br />public record exemption of personal information to include fon-ner firefighters. <br />B. The Summary Plan Description is in need of update. After discussion, Mr. Christiansen agreed <br />that it would be acceptable to wait one quarter to see if the Police Department has reached an <br />agreement with the City as this will affect the document. <br />C. Declaration of the Expected Date of Return For the Next Fiscal Year <br />Declaration of the expected rate of return for the next fiscal year needs to be sent to Tallahassee. Mr. <br />att of The Bogdahn Group advised that the Plan should expect a rate of return of 8%. <br />MOTION: 1 er ber Hettler moved that based on the advice of the Investment Advisor, the <br />expected rate of return will be % for the next year, the next several years, and the long terns <br />thereafter. Motion was seconded by Member van ore. lotion carried unanimously by voice <br />vote -0. <br />Adjournment <br />C'h in an Glancy adjourned the meeting at 11:21 a.m.. <br />Respectfully submitted by: <br />rr ne Armstrong, Records Management Liaison officer <br />Approved by the Police Officers" and Firefighters' Pension Board <br />D�rrrit�-fffarrcy, Chairman <br />/`'fin' 14C T77' 990e <br />Date: t <br />