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Votes at a glance: Jacksonville Beach pension boards (Oct. 27, 2020)
Summary
Summary of motions and roll‑call outcomes from the joint quarterly meeting: minutes approved; retirements of David Bishop and William "Bill" Mann approved; actuarial valuation revisions for police and firefighters adopted; quarterly investment performance report and index fund transition approved.
At their joint quarterly meeting, the City of Jacksonville Beach pension boards recorded these formal actions and roll‑call outcomes:
1) Approval of minutes (08/12/2020) — Motion carried on roll call.
2) Retirement of David Bishop (utility plant supervisor; separation date 02/05/2021; meets age/service requirements) — Motion seconded by Jason Sharp; roll call recorded affirmative votes and the application carried.
3) Retirement of William "Bill" Mann (director of planning and development; retirement effective 02/01/2021, separation 01/08/2021; meets normal retirement requirements) — Motion to approve by Georgette Dumont; second by Nick Curry; roll call affirmative and motion carried.
4) Adopt actuarial valuation revisions from GRS Consulting (police officers and firefighters) — Revisions allocate previously reserved Chapter 185 (police) and Chapter 175 (firefighters) premium‑tax receipts into prepaid employer/contribution reserves; roll calls for each board approved the revisions.
5) Approve the 09/30/2020 quarterly investment performance report — All three boards approved on roll call.
6) Approve transition of Vanguard Total Stock Market exposure to Fidelity Total Market index fund — Motion recorded and seconded across boards; roll calls for police, firefighters, and general employees boards all recorded affirmative votes; item passed.
Motions were recorded with roll calls for each board where provided in the transcript. Several motions did not have the original mover identified in the transcript; when a mover or second was explicitly stated the article records that information (for example, Dumont moved and Curry seconded the William Mann retirement). The boards recorded no defeats or tabling actions during the meeting; implementation tasks (for example, executing the index fund exchange) were left to staff and the custodian.
The meeting adjourned after the pension administrator provided routine administrative updates and the next quarterly meeting date was noted as February 9, 2021 (subject to change).
