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City of Rockville Retirement Board
Friday December 8, 2006
City Manager’s Conference Room
10:00 a.m.
I. Review of Actuarial Valuation Report dated 4/1/2006 (10:00-10:40)
Attachment(s): April 1, 2006 Actuarial Valuation Report
Presented by Michael Dulaney, Principal Financial Group
II. Asset Allocation Study/Asset Liability Model Study DB Plan (10:40-11:30)
Attachment(s): Presentation to be distributed at meeting
Presented by Segal Advisors
III. Review of quarterly performance report July 1- September 30 (11:30-12:30)
Attachment(s): Analysis of Investment Performance Through September 30, 2006
Presented by Segal Advisors
LUNCH 12:30-1:00PM
IV. Review of Thrift Plan (a) Funds to recommend closing (1:00-2:30)
(b) Life Cycle Funds (October 06)
(c) Review of DC Investment Policy
Attachment(s): Memo from Segal Advisors with recommendations.
Agenda deferred from October Board Meeting
Investment Policy Thrift Plan
V. Discussion and Recommendation of Retiree COLA for 2007 (2:30-3:00)
Attachment(s): Memorandum recommending 1.5% for all retirees who were receiving benefits prior to January 1, 2006.
VI. Discussion for Future Agendas (June 2007 Board Meeting):
Board Members Fiduciary Duties and Responsibilities (Deferred from October 2006)
Board Members Liability Coverage (Deferred from October 2006)
Pension Protection Act, 2006 (Deferred from October 2006)
Minutes from meeting of October 5th, 2006 (Deferred from December)
(Board Members can ask for items to be placed on the agenda)