ATU Local 1596 Pension Fund Meeting
Event Date(s)
August 22, 20239:00 am - 10:00 am
LOCATION: Physical & Electronic Meeting
Second Floor Open Space
455 N. Garland Avenue
Orlando, FL 32801
Meeting Contact: (561) 624-3277 (Plan Administrator)
TIME: Tuesday, August 22 at 9:00 AM
INSTRUCTIONS TO JOIN MEETING ELECTRONICALLY
Meeting ID: 859 1541 4871
Passcode: 878959
Resource Centers is inviting you to a scheduled Zoom meeting:
For Video & Audio (Recommended):
If you are using a mobile device (Smart Phone or Tablet) use the “Zoom” App. Link to Join from Laptop, PC, Mac, Linux, iOS or Android: https://us06web.zoom.us/j/85915414871?pwd=WjlFaUtqRjkxaTJLT1hZOWN3ZjA5QT09
For Voice Only:
One tap mobile
+13052241968,,85915414871#,,,,*878959# US
+16469313860,,85915414871#,,,,*878959# US
Telephone (for higher quality, dial a number based on your current location):
+1 301 715 8592 US (Washington DC)
+1 312 626 6799 US (Chicago)
+1 646 558 8656 US (New York)
+1 253 215 8782 US (Tacoma)
+1 346 248 7799 US (Houston)
+1 669 900 9128 US (San Jose)
Public Comments:
Public can submit comments by email during the Meeting to ATU1596@ResourceCenters.com. All public comments will be read into the record in the Public Comment portion of the Meeting.
Should any interested party seek to appeal any decision made by the Board with respect to any matter considered at such meeting or hearing, they will need a record of the proceedings, and for such purpose he may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. In accordance with the Americans With Disabilities Act of 1990, persons needing a special accommodation to participate in this meeting should contact the Pension Resource Center (800-206-0116) no later than seven days prior to the meeting.
QUARTERLY MEETING AGENDA
1. Call Meeting to Order
Board of Trustees
Ronald Morgan, Chair
Bert Francis, Secretary
Brian Anderson, Trustee
Michelle Daley, Trustee
Rodney Hrobar, Trustee
Marlenis Medina, Trustee
2. Confirmation of Meeting Notice
3. Extraordinary (Exigent) Circumstances for Trustees Joining Electronically
4. Chairman’s Comments
5. Approval of Agenda
6. Public Comment
Email Public Comments during the Meeting to: ATU1596@ResourceCenters.com
7. Approval of Minutes: May 23, 2023 Quarterly Meeting
8. Reports
a) Investment Consultant (Frank Wan, Burgess Chambers & Assoc.)
1) Quarterly Performance Report
2) Asset/Liability Study
3) Investment Policy Update (HB 3 Compliance)
b) Attorney Report (Sugarman & Susskind)
HB 3 Special Report Memo
c) Administrator Report (Scott Baur, Resource Centers)
1) 2023 Audit Engagement Process
2) Annual Enhanced & Share Benefit Mailing
3) FPPTA Fall Trustee School
d) Results of 2021 GRS Benefit Cost Study
e) Approved Experience Study and Report Updates
1) 2021-22 Expense Comparison
2) 2022 Experience Gain and Loss Components
3) Actuary 05-31-23 Benefit Projection Study
4) Cash Flow Projection (2024-33)
f) October 1, 2022 Valuation Report (Issued 06-01-23, Updated Assumptions)
g) 2022 Audit Report (Ron Conrad, Cherry Bekaert)
9. Benefit Approvals:
a) Regular Approvals: Retirements, Refunds, and Account Distributions
1) May 23, 2023 Quarterly Meeting Regular Approvals (Previously Tabled)
2) August 22, 2023 Quarterly Meeting Regular Approvals
b) Libertad Marquez Credited Service, Vesting Service, and Eligibility
10. Plan Financials
a) Interim Financial Statements: July 31, 2023
b) Approval of Invoices: Warrant Dated August 22, 2023
ATU LOCAL 1596 PENSION FUND
11. Other Business
12. Other Reports
13. Public Comment
Email Public Comments during the Meeting to: ATU1596@ResourceCenters.com
14. Next Quarterly Meeting: Tuesday, November 28, 2023 @ 9:00 AM
15. Adjournment