BOARD OF POLICE & FIRE PENSION FUND COMMISSIONERS
SPECIAL MEETING
1249 Marin Avenue/Edith Stone Room
October 30, 2008 – 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 October 2008 in the amount of $111,069.65.

Staff recommendation: Approve

3-2 Approval of invoice from Wurts & Associates Inc. in the amount of $5,250.00 for investment consulting services for the quarter ended September 30, 2008.

Staff recommendation: Approve

4. APPROVAL OF MINUTES

4-1 Minutes of the regular meeting of September 30, 2008

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 Ria Nickens of Dodge & Cox presenting interim investment performance report as of September 30, 2008.

Staff recommendation: Note and file

7. REPORTS

7-1 Pension Board Chair and Finance & Administrative Services Director presenting status report on interim actuarial analysis of the fund.

Staff recommendation: Note and file

7-2 Pension Board Chair and Finance & Administrative Services Director reporting on 10/17/08 conference call with Wurts & Associates regarding 3rd quarter research.

Staff recommendation: Note and file

8. DISCUSSIONS AND POSSIBLE ACTION ON MATTERS RELATED TO THE FOLLOWING ITEMS:

8-1 Approval of invoice from the City of Albany in the amount of $1,863.60 for City Administrative services for the month of October, 2008

Staff recommendation: Approve

9. ANNOUNCEMENTS/COMMUNICATIONS

10. 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. 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: Wednesday, October 22, 2008