Agenda for the September 24, 2014 Board meeting has been uploaded.

Click here to view the agenda for the September 24, 2014 regular Board Meeting.

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Re-search of Mid Cap investment manager announced

State law requires we do a new search for each manager at least every five years.  We have scheduled ourselves to do one each year (as opposed to doing all in one year).  This year it is the mid cap manager.  Dahab Associates will handle the search.  It will start in September, then Dahab will report to us at the end of November, and if warranted, we will interview managers in January.  We are pleased with Seizert as our mid cap manager, and would be just as pleased to continue, but of course, we will have to see how they stack up against the competition.  Please note that Seizert will have to submit a new proposal to be included.

Click here to view the RFP on Dahab’s website.  It’s listed under October, “10/17/2014: Mid Cap Core $6mm”: http://www.dahab.com/searches/

 

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June and July 2014 Regular Board Meeting Minutes Uploaded

The minutes of the June 25 and July 30, 2014 Board Meetings have been uploaded to the 2014 minutes page. Click here to view.

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Election Notice 2014

The Franklin Regional Retirement System will be conducting an election beginning in September and concluding in December.  Please click this link to read the official notification and to download nomination papers: Election 2014

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Agenda for the August 27, 2014 Board meeting has been uploaded.

Click here to view the agenda for the August 27, 2014 regular board meeting.

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Agenda for the July 30, 2014 Board meeting has been uploaded.

Click here to view the agenda for the July 30, 2014 regular Board meeting.

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May 28, 2014 Regular Board Meeting Minutes Uploaded

The minutes of the May 28, 2014 Board meeting have been uploaded to the 2014 minutes page. Click here to view.

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COLA base to $15k

At its January 2014 meeting, the retirement board approved and forwarded to the retirement advisory council, an increase in the retirees’ COLA base to go from $14,000 to $15,000.  The increase would put an extra $30 a year in the pockets of retirees receiving $14,000 or greater, and the estimated increase in the total assessments would be $30,218.  At the council meeting held last Wednesday (June 18th), there was healthy examination and discussion of the expense versus benefit and the varying ability of units to afford the increase.  In the end, the council approved the increase, but not before some very good conversation about larger community. Click here to see COLA report.
 
 
A second item of interest was an inquiry into splitting the actuarial valuation to track each unit’s retirement liability and funding. Again, the council discussed the impact such a change would have on individual member units, and as a group decided they didn’t want to put any of their neighbor units in a position where their assessments could skyrocket, so the council sent a message back to the retirement board that they want to stick together as a pooled system.  The retirement board, at it’s meeting this last Wednesday, affirmed they would abide by the council’s advice and not change the actuarial method.  Click here to link to our website for background information.
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Agenda for the June 25, 2014 Board meeting has been uploaded.

Click here to view the agenda for the June 25, 2014 regular Board Meeting.

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Agenda for the June 18, 2014 Advisory Council meeting has been uploaded.

Click here to view the agenda for the June 18, 2014 Advisory Council meeting.

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