Owosso Employee's Retirement System Agenda

October 20, 2005 - 7:00am
City Council Chambers

CALL MEETING TO ORDER:

ROLL CALL:

APPROVE AGENDA:

APPROVE MINUTES OF AUGUST 18, 2005 ORGANIZATIONAL MEETING:

APPROVE MINUTES OF AUGUST 18, 2005 REGUALR MEETING:

APPROVE MINUTES OF SEPTEMBER 29, 2005 SPECIAL MEETING:

CITIZEN COMMENTS:

CONSENT AGENDA:

1.   Approve Pension Check Reports: 

a.      August, 2005                                                           $ 91,767.28

b.      September, 2005                                                     $ 91,767.28

      2.   Approve Statements:

a.      Chemical Bank and Trust Company
July-September, 2005

b.      Fifth Third Bank
August-September, 2005

c.   City of Owosso Employees Retirement Fund
August-September, 2005

3.   Payment Authorizations: 

a.   Chemical Bank Trust and Investment
Investment Management Services
For Period 06/01/05 through 08/31/05                       $   7,829.71

b.   Ronald J. Tobey, City Treasurer
Report of Checks Written – August, 2005                  $110,172.47

c.   Ronald J. Tobey, City Treasurer
Report of Checks Written – September, 2005            $  93,061.73

COMMUNICATIONS:

The following communications, publications and conference announcements are on file with the City Clerk – if you would like to read them, please contact her:

• Gabriel, Roeder, Smith & Company: News Scan and Research Memo
• Gabriel, Roeder, Smith & Company: GRS Insight
• Lerach, Couglin, Stoia, Geller, Rudman & Robbins, LLP: Corporate Governance-Fourth Quarter 2005.
• Merrill Lynch Investment Managers: Prospectus – July 25, 2005
• Public Safety Employees Pension & Benefits Conference – cancellation notice.
• PlanSponsor: September, 2005.
• Miscellaneous Conference Announcements

OLD BUSINESS:

1. Ordinance Rewrite Re: IRS Regulations Update:  William C. Brown, City Attorney
2. Expense Account Detail Report:  Richard C. Williams, Finance Director
3. Done Away Fees Resolution Report: Marie Vanerian, Merrill Lynch

NEW BUSINESS:

1.   Notice to Investment Managers.  Consider resolution directing Investment Managers to do all trades through Merrill-Lynch..

2.   Application for Retirement.  Approve Authorization for Retirement request from Bruce I. Hall, Jr.

3.   Process for Review of Investment Managers.

INVESTMENT CONSULTANT REPORT:

1.   Merrill Lynch Investment Managers

CITIZEN COMMENTS:

NEXT BOARD MEETING:         December 15, 2005

ADJOURNMENT: