CITY OF FORT PIERCE RETIREMENT AND BENEFIT SYSTEM
BOARD AGENDA
Retirement Board Regular Meeting - Thursday, September 21, 2023 - 2:00 p.m.
City Hall - City Commission Chambers, 100 North U.S. #1, Fort Pierce, Florida
1.
CALL TO ORDER
2.
ROLL CALL
3.
COMMENTS FROM THE PUBLIC (limited to 4 minute duration)
4.
CONSIDERATION OF MINUTES
5.
REPORT FROM BOARD ATTORNEY
6.
PUBLIC HEARINGS ON BENEFIT APPLICATIONS
a.
Request for Retirement from
Victor
Joseph Burris With 8 Years of Service with The Fort Pierce Utility Authority
b.
Request for Retirement from
Angela M. Stephens with 27 of service with The Fort Pierce Utility Authority entering DROP.
c.
Request for Retirement from
Dana Neville with
29 Years and 11
Months of service with The City Of Fort Pierce entering DROP.
d.
Request for Retirement from
Joseph F.
Coleman with
25 Years of service with the City of Fort Pierce Police Department entering DROP.
e.
Request for Retirement from Necole Cooper with 25 years of service with the City of Fort Pierce
f.
Request for Retirement from
Alix Deneau with 11 years of service with the City of Fort Pierce Police Department
g.
Request for Retirement from
Brian Avilla with 25 years of service with the City of Fort Pierce Police Department
7.
OLD BUSINESS
8.
NEW BUSINESS
a.
Discussion of Potential Changes to Retirement
1.
Extension of Deferred Retirement Option Plan (DROP) from 5 to 8 years
2.
Increase the annuity to 75% of final average salary with a $115,000 maximum for employees hired after 2012
3.
Increase the annuity to 100% of final average salary with a $115,000 maximum for employees hired after 2012
4.
Increase the annuity to 100% of final average salary with no cap for employees hired after 2012
5.
Ordinance for Changes to Retirement System for discussion and review
b.
Approval of the Updated Investment Policy
9.
CONSENT AGENDA
10.
CONSIDERATION OF ABSENCES
11.
BOARD MEMBERS COMMENTS
12.
The next meeting is October 19, 2023, at 2:00 P.M. and will be held in the Commission Chambers, City Hall.
13.
MISCELLANEOUS
14.
ADJOURNMENT
In accordance with the Americans With Disabilities Act of 1990, persons needing a special accommodation to participate in this proceeding should contact the Recording Secretary of the Retirement and Benefit System at the Finance Department of the City of Fort Pierce no later than three business days prior to the proceeding. Telephone (772) 467-3000 for assistance.
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Any person seeking to appeal any decision by the Retirement Board with respect to any matter considered at this meeting is advised that a record of proceedings is required in any such appeal and that such person may need to insure that a verbatim record of the proceedings is made including the testimony and evidence upon which the appeal is to be based.
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Any person seeking to appeal any decision by the Retirement Board with respect to any matter considered at this meeting is advised that a record of proceedings is required in any such appeal and that such person may need to insure that a verbatim record of the proceedings is made including the testimony and evidence upon which the appeal is to be based.