BOARD OF POLICE & FIRE PENSION FUND COMMISSIONERS
REGULAR MEETING
1249 Marin Avenue/Edith Stone Room
Tuesday April 28, 2009 – 10:00 a.m.
1. CALL TO ORDER
2. ROLL CALL
3. CONSENT CALENDAR
(Consent Calendar items are considered to be routine by the Commission/Committee/Board and will be enacted by one motion. By approval of the Consent Calendar, the staff recommendations will be adopted unless otherwise modified by the Commission/Committee. There will be no separate discussion on these items unless a Commission/Committee/Board Member or a member of the audience requests removal of the items from the Consent Calendar.)
3-1 Approval of pension payments for the month of April 2009 in the amount of $112,551.49.
Staff recommendation: Approve
3-2 Approval of invoice from Wurts & Associates in the amount of $5,250.00 for investment consulting services for the quarter ended March 31, 2009.
Staff recommendation: Approve
4. APPROVAL OF MINUTES
4-1 Minutes of the regular meeting of March 31, 2009
Staff recommendation: Approve
5. PUBLIC COMMENT
For persons desiring to address the Commission/Committee/Board on an item that is not on the agenda please note that each speaker is limited to three (3) minutes. The Brown Act limits the Committee’s ability to take and/or discuss items that are not on the agenda; therefore, such items are normally referred to staff for comment or to a future agenda.
6. PRESENTATION
6-1 Jack B. Caldwell of Atlantic Trust Private Wealth Management presenting overview of investment advisory services by his firm.
7. DISCUSSIONS AND POSSIBLE ACTION ON MATTERS RELATED TO THE FOLLOWING ITEMS:
7-1 Approval of invoice from the City of Albany in the amount of $1,863.60 for City Administrative services for the month of April, 2009
Staff recommendation: Approve
7-2 Chairperson Denton regarding need for performing complete actuarial valuation of pension fund as of June 30, 2009 and request to have Buck Consultants perform analysis by extending current contract with them at a fee increase in the amount of $5,000.00. (Copy of current contract with Buck and 4/2/09 email to Chairperson Denton from Harold Loeb regarding cost of performing June 30, 2009 valuation attached.)
Staff recommendation: Approve
8. ANNOUNCEMENTS/COMMUNICATIONS
9. FUTURE AGENDA ITEMS
(Commission/Committee/Board Member announcement of requests for future agenda items. No public comment will be taken on announcement of future agenda items).
10. ADJOURNMENT
The Commission/Committee/Board packet is available for public inspection at City Hall. The agenda can be found at the Fire Department, Albany Library/Community Center and on our web page at www.albanyca.org.
Please note that if you provide your name and address when speaking before the Commission/Committee/Board it will become part of the official public record, which will be posted on the Internet.
Any writings or documents provided to a majority of the Commissioners regarding any item on this agenda will be made available for public inspection at the Administration counter at City Hall located at 405 Kains Avenue during normal business hours.
Date posted: Thursday, April 23, 2009
