Pension boards approve minutes, consulting and investment items; May meeting moved to May 29 at 1 p.m.

Jacksonville Beach pension trustees for the Police Officers, Firefighters and General Employees boards approved a series of routine and substantive items on Feb. 25, including minutes, consultant engagements and the quarterly investment report, and set the boards' annual meeting time for May 29, 2025, at 1 p.m.

The boards voted, separately for each plan, to approve minutes and to accept consultant recommendations and investment reports. The motions carried on unanimous voice votes or by roll call where recorded.

Why this matters: These votes set spending and oversight priorities for three pension plans that together manage the city's retirement assets and set the timeline for adopting actuarial assumptions and annual financial reporting.

Most significant actions

- Approval of meeting minutes (Police Officers; Firefighters; General Employees): motions carried by voice vote early in the meeting.

- GRS Consulting five-year actuarial experience review: the boards voted to accept GRS Consulting's quoted engagements for actuarial experience reviews for each plan. The quoted fees presented during the meeting were $6,500 for general employees, $6,000 for police officers and $5,000 for firefighters.

- Quarterly investment performance report from Mariner: each board voted to accept the Mariner quarterly investment report for the period ending Dec. 31, with roll-call confirmations where recorded.

- Meeting time change for the May annual meeting: each board voted to move the May 29 annual meeting start time from 2 p.m. to 1 p.m.

Votes at a glance (motions, outcomes and roll-call excerpts where recorded)

1) Approve police officers meeting minutes — outcome: approved (voice vote).

2) Approve firefighters meeting minutes — outcome: approved (voice vote).

3) Approve general employees meeting minutes — outcome: approved (voice vote).

4) Approve GRS Consulting five-year actuarial experience review — police officers: motion approved (roll call: David Cohill — Yes; John Patrich — Yes; Matthew Grocki — Yes; John Castilla — Yes; Jason Sharp — Yes). Firefighters: motion approved (roll call: George Candler — Yes; Ed Dawson — Yes; John McDaniel — Yes; Lance Huish — Yes; Debbie White — Yes). General employees: motion approved (roll call: Nick Curry — Yes; Dan Janssen — Yes; Jennifer Rutello — Yes).

5) Accept Mariner quarterly investment performance report — police officers: motion approved (roll call: David Cohill — Yes; John Patrich — Yes; Matthew Grocki — Yes; John Castilla — Yes; Jason Sharp — Yes). Firefighters: motion approved (roll call: George Candler — Yes; Ed Dawson — Yes; John McDaniel — Yes; Lance Huish — Yes; Debbie White — Yes). General employees: motion approved (roll call: Nick Curry — Yes; Dan Janssen — Yes; Jennifer Rutello — Yes).

6) Move May 29 annual meeting start time to 1 p.m. — police officers: motion approved (roll call recorded; motion carried). Firefighters: motion approved (roll call recorded; motion carried). General employees: motion approved (roll call recorded; motion carried).

Details and immediate next steps

- The boards approved the consultant engagement and will receive GRS's experience study reports in time to consider any changes to actuarial assumptions at the May meeting and finalize contribution requirements for fiscal year 2025–26.

- Mariner's quarterly report was accepted and will remain the basis for ongoing investment oversight and manager discussions; Mariner noted ongoing manager reviews and a slow exit from one real estate manager.

- The boards recorded the updated annual meeting start time for May 29, 2025, to 1 p.m.

Speakers (selected; first reference shows role as listed in the meeting)

- David Cohill — Police Board member (recorded in roll calls). - John Patrich — Police Board member (recorded in roll calls). - Matthew Grocki — Police Board member (recorded in roll calls). - John Castilla — Police Board member (recorded in roll calls). - Jason Sharp — Police Board member (recorded in roll calls). - George Candler — Firefighters Board member (recorded in roll calls). - Ed Dawson — Firefighters Board member (recorded in roll calls). - John McDaniel — Firefighters Board member (recorded in roll calls). - Lance Huish — Firefighters Board member (recorded in roll calls). - Debbie White — Firefighters Board member (recorded in roll calls). - Nick Curry — General Employees Board member (recorded in roll calls). - Dan Janssen — General Employees Board member (recorded in roll calls). - Jennifer Rutello — General Employees Board member (recorded in roll calls).

Authorities referenced

- Government Finance Officers Association (GFOA) guidance on experience studies (referenced during discussion of actuarial reviews). - Florida Retirement System mortality tables (referenced by the consultant as the statutory mortality tables to be adopted). - Internal Revenue Service (IRS) guidance referenced later in the meeting on taxable portions of disability pensions (noted in pension administration report).

Actions (structured)

[{ "kind":"other", "identifiers":{}, "motion":"Approve Police Officers meeting minutes.", "mover":"not specified", "second":"not specified", "vote_record":[], "tally":{}, "outcome":"approved", "notes":"Voice vote recorded; motion carries." },{ "kind":"other", "identifiers":{}, "motion":"Approve Firefighters meeting minutes.", "mover":"not specified", "second":"not specified", "vote_record":[], "tally":{}, "outcome":"approved", "notes":"Voice vote recorded; motion carries." },{ "kind":"other", "identifiers":{}, "motion":"Approve General Employees meeting minutes.", "mover":"not specified", "second":"not specified", "vote_record":[], "tally":{}, "outcome":"approved", "notes":"Voice vote recorded; motion carries." },{ "kind":"other", "identifiers":{}, "motion":"Approve GRS Consulting five-year actuarial experience review quote for Police Officers plan (fee $6,000).", "mover":"not specified", "second":"not specified", "vote_record":[{"member":"David Cohill","vote":"yes"},{"member":"John Patrich","vote":"yes"},{"member":"Matthew Grocki","vote":"yes"},{"member":"John Castilla","vote":"yes"},{"member":"Jason Sharp","vote":"yes"}], "tally":{"yes":5}, "outcome":"approved", "notes":"Roll call recorded." },{ "kind":"other", "identifiers":{}, "motion":"Approve GRS Consulting five-year actuarial experience review quote for Firefighters plan (fee $5,000).", "mover":"not specified", "second":"not specified", "vote_record":[{"member":"George Candler","vote":"yes"},{"member":"Ed Dawson","vote":"yes"},{"member":"John McDaniel","vote":"yes"},{"member":"Lance Huish","vote":"yes"},{"member":"Debbie White","vote":"yes"}], "tally":{"yes":5}, "outcome":"approved", "notes":"Roll call recorded." },{ "kind":"other", "identifiers":{}, "motion":"Approve GRS Consulting five-year actuarial experience review quote for General Employees plan (fee $6,500).", "mover":"not specified", "second":"not specified", "vote_record":[{"member":"Nick Curry","vote":"yes"},{"member":"Dan Janssen","vote":"yes"},{"member":"Jennifer Rutello","vote":"yes"}], "tally":{"yes":3}, "outcome":"approved", "notes":"Roll call recorded." },{ "kind":"other", "identifiers":{}, "motion":"Accept Mariner quarterly investment performance report (Police Officers).", "mover":"not specified", "second":"not specified", "vote_record":[{"member":"David Cohill","vote":"yes"},{"member":"John Patrich","vote":"yes"},{"member":"Matthew Grocki","vote":"yes"},{"member":"John Castilla","vote":"yes"},{"member":"Jason Sharp","vote":"yes"}], "tally":{"yes":5}, "outcome":"approved", "notes":"Roll call recorded." },{ "kind":"other", "identifiers":{}, "motion":"Accept Mariner quarterly investment performance report (Firefighters).", "mover":"not specified", "second":"not specified", "vote_record":[{"member":"George Candler","vote":"yes"},{"member":"Ed Dawson","vote":"yes"},{"member":"John McDaniel","vote":"yes"},{"member":"Lance Huish","vote":"yes"},{"member":"Debbie White","vote":"yes"}], "tally":{"yes":5}, "outcome":"approved", "notes":"Roll call recorded." },{ "kind":"other", "identifiers":{}, "motion":"Accept Mariner quarterly investment performance report (General Employees).", "mover":"not specified", "second":"not specified", "vote_record":[{"member":"Nick Curry","vote":"yes"},{"member":"Dan Janssen","vote":"yes"},{"member":"Jennifer Rutello","vote":"yes"}], "tally":{"yes":3}, "outcome":"approved", "notes":"Roll call recorded." },{ "kind":"other", "identifiers":{}, "motion":"Amend annual meeting start time on Thursday, May 29, 2025, to 1:00 p.m. (Police Officers).", "mover":"not specified", "second":"not specified", "vote_record":[], "tally":{}, "outcome":"approved", "notes":"Roll call recorded; motion carries." },{ "kind":"other", "identifiers":{}, "motion":"Amend annual meeting start time on Thursday, May 29, 2025, to 1:00 p.m. (Firefighters).", "mover":"not specified", "second":"not specified", "vote_record":[], "tally":{}, "outcome":"approved", "notes":"Roll call recorded; motion carries." },{ "kind":"other", "identifiers":{}, "motion":"Amend annual meeting start time on Thursday, May 29, 2025, to 1:00 p.m. (General Employees).", "mover":"not specified", "second":"not specified", "vote_record":[], "tally":{}, "outcome":"approved", "notes":"Roll call recorded; motion carries." }]

provenance: {"transcript_segments":[{"block_id":"seg_15","local_start":0,"local_end":48,"evidence_excerpt":"Next up, courtesy of the floor to all of our visitors. I guess there's none. And then, items for discussion, approval of minutes. Let's start with the, police officers board.","reason_code":"topicintro"},{"block_id":"seg_19","local_start":0,"local_end":35,"evidence_excerpt":"Second. All in favor approves, say aye. Aye. Aye. Any opposed? Motion carries.","reason_code":"topicfinish"},{"block_id":"seg_94","local_start":0,"local_end":48,"evidence_excerpt":"We're gonna go ahead and, move to approve GRS Consulting 5 year actuary experience review quote. We'll take it 1 board at a time. We'll start with our police officers. You need a motion and a second?","reason_code":"topicintro"},{"block_id":"seg_106","local_start":0,"local_end":48,"evidence_excerpt":"Madam clerk, roll call. David Cahill? Yes. John Patrick? Yes. Matthew Gronke? Yes. John Gastilla? Yep. Jason Sharp? Yes. Thank you. Motion carries.","reason_code":"topicfinish"},{"block_id":"seg_172","local_start":0,"local_end":48,"evidence_excerpt":"Okay. We will, move to approve the, quarterly investment performance report from Mariner. Start with the police officer's motion and second.","reason_code":"topicintro"},{"block_id":"seg_176","local_start":0,"local_end":48,"evidence_excerpt":"Madam clerk. David Cohill? Yes. John Patrich? Yes. Matthew Grocki? Yes. John Castilla? Yes. Jason Sharp? Yes. Motion carries.","reason_code":"topicfinish"},{"block_id":"seg_243","local_start":0,"local_end":48,"evidence_excerpt":"Let's make a motion and a second to move it to 1PM on Thursday, 05/29/2025. Please place a motion. Second. I got a first and a second. Madam clerk, roll call.","reason_code":"topicintro"},{"block_id":"seg_245","local_start":0,"local_end":48,"evidence_excerpt":"David Cahill? Yes. John Patrick? Yes. Matthew Grocki? Yes. John Gastilla? Yes. Jason Sharp? Yes. Motion carries.","reason_code":"topicfinish"}]}