Pension Board Meeting
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 November 2012 in the amount of $113,489.93. (See adjustment for Frank Westphal calculations.)
Staff recommendation: Approve
3-2 Approval of invoice from Atlantic Trust in the amount of $11,281.26 for investment services for the quarter ending 12/31/12.
Staff recommendation: Approve
4. APPROVAL OF MINUTES
4-1 Minutes of the regular meeting of September 25, 2012. (Tabled from October meeting due to lack of voting quorum.)
Staff recommendation: Approve
4-2 Minutes of the regular meeting of October 30, 2012.
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. REPORTS
6-1. Harold A. Loeb of Buck Consultants presenting Report on the Actuarial Valuation (of Pension Plan) as of June 30, 2012.
Staff recommendation: Note and file.
7. DISCUSSIONS AND POSSIBLE ACTION ON MATTERS RELATED TO THE FOLLOWING ITEMS:
7-1. Vicken Ekmekjan of Atlantic Trust presenting scenarios of asset allocations for Board to consider when selling assets to provide pension payments.
Staff recommendation: No recommendation at this time
7-2. Continuation of discussion regarding possible need for charter amendment to ensure proper representation for police and fire members.
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).
11-1 Due to City Hall being closed the week of December 24, 2012 we will have to poll the board for a quorum to hold a special meeting on either 12/18, 12/19, 12/20, 12/21, or 12/31.
10. ADJOURNMENT
The Commission/Committee/Board packet is available for public inspection at the Albany Library, Fire Department and City Hall. The agenda and supporting staff reports, if available, can be found 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.
Date posted: Tuesday, November 20, 2012
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