MINUTES  BOARD OF TRUSTEES MEETING TUESDAY, MARCH12,2024  City of] Fort Meade General, Fire and Police Pension Fund  5:30 PM  Ar meeting of the Fort Meade Board ofTrustees was held on Tuesday, March 12, 2024, in  Commission Chambers, 8 W. Broadway St, Fort Meade, Florida.  1. 2.  CALLTOORDER: ROLL CALL: Mayor Vice-Mayor Commissioner Commissioner Commissioner. STAFF PRESENT: City Attorney Deputy City Clerk Interim City Manager OTHERSINATENDANCE: Jeremy Langley, FMPTF Doug Lozen, Foster & Foster  The meeting was called to order at 5:33 p.m.  Petrina McCutchen Sanuel Berrien James Possum Schaill James Watts Jaret Williams  Present Present Present Present Present  Shirlyon McWhorter Melissa Cannon Dustin Burke  Present Present Present  3.  Approval ofMinutes of] December 12. 2023, meeting  Motion Watts, seconded Schaill to approve the minutes of the December 12,  2023, Pension Board Meeting. Motion carried with all yeas. New Business General plans General Plans. the Fire Plan.  4.a. Review and approval of the 2023 Actuarial Valuations for the Fire & Mr. Lozen provided an overview of the 2023 Actuarial Valuations for the Fire & Motion Watts, seconded Schaill to approve the 2023 Actuarial Valuation for  Motion carried with all yeas. the General Plan.  Motion Watts, seconded Schaill to approve the 2023 Actuarial Valuation for    Minutes City ofFort Meade, Florida Boardo ofTrustees Meeting March 12, 2024 Page2 2  Motion carried with all yeas. 6.5% for the Fire Plan. Motion carried with all yeas. 6.5% for the General Plan. Motion carried with all yeas. 4.b. Ratification of Invoice Payments  Motion Watts, seconded Schaill to set the annual expected rate of return at  Motion Watts, seconded Schaill to set the annual expected rate of return at  Motion Schaill, seconded Berrien to ratify and approve the invoice payments.  Motion carried with all yeas. 4.c. Ratification of Retiree Payments  Motion Schaill, seconded Berrien to ratify the retirement payment for Alan  Doyle.  Motion carried with all yeas.  4.d. FMPTF Ouarterly Investment Report for December: 31,2023  Mr. Langley provided a review ofthe investment performance as of December 31, 2023. The fiscal year to date return was 7.93%; the quarter return was 7.93%; the 3-year return was 3.09%; the 5-year return was 8.23% and the 10-year return was  6.35%.  4.e. Memorandum Regarding the Comprehensive Report Compliance  Mr. Langley stated this is regarding the legislation on not using ESG fori investing purposes and the corresponding report provided to the State. This memo is  informing the Board the report was accepted by the State. 4.f. Death ofTerm-Vested Member, No Benefit Due  Mr. Langley stated there was a member (Wilfred Cadogan) who was deferred- vested, and not yet receiving their benefit, and he has passed away. His beneficiary was not! his spouse and therefore there is no benefit due.  4.g. Deferred-Vested Members Due: a Benefit  Mr. Langley stated there are 2 members due a retirement benefit (Melvin Thomas and Glenn Curlee) and his office has been unable to begin their benefit as they  have not received their paperwork. Plan Administrator Comments There were no additional comments. Trustee Comments  5. 6.    Minutes City ofFort Meade, Florida Boardo ofl Trustees Meeting March 12,2024 Page3 7. 8. 9.  There were no additional comments. Public Comments  Ben Speight spoke ofhis father in law' 's insurance policy. Next Meeting - June 11, 2024, at 5:30 p.m.  Adjournment  Motion Schaill, seconded Berrien to adjourn the Board of Trustees Meeting  at 6:00 P.M. Motion carried with all yeas.  Bhhehtn Petrina McCutchen, Mayor  ATTEST:  hahs Melissa Cannon, Deputy City Clerk