Pension Board (2025-09-09)

Minutes of the JOINT QUARTERLY MEETING of the Firefighters’, General Employees’, and Police Officers’ Retirement Systems, held Tuesday, September 09, 2025, at 3:00 P.M., in the Council Chambers, 11 North 3rd Street, Jacksonville Beach, Florida.

**CALL TO ORDER** Christine Hoffman of the General Employees’ Board of Trustees called the meeting to order at 3:00 P.M.

**Roll Call:** General Employees’ Board: Nick Currie, Dan Janson(absent), Christine Hoffman, Brandon Maresma(absent), Eddie Vergara Police Officers’ Board: David Cohill, John Patrich, Matthew Grocki(absent), John Gosztyla, Jason Sharp Firefighters’ Board: Gaylord Candler, Ed Dawson(absent), John McDaniel, Lance Huish, Debbie White(absent)

Also present were City of Jacksonville Beach Pension Attorney Pedro Herrera(via zoom), Mariner Consulting representative Brendon Vavrica, Pension Plan Administrator Duston Scott, and Operations Support Specialist Monica McDaniel.

**OATH OF OFFICE** A. Administer Oath of Office 1. General Employees’ Pension Board of Trustees – Edgar Vergara - Elected by Member Employees to a 4-year term ending 10/31/2028

**COURTESY OF THE FLOOR TO VISITORS**

**APPROVAL OF MINUTES** A. Consideration by General Employees’, Police Officers’, and Firefighters’ Board of Trustees 1. Approve Minutes of the Joint Quarterly Meeting held on May 29, 2025. Motion: It was moved by Mr. Candler and seconded by Mr. McDaniel to Approve Minutes of the Joint Quarterly Meeting held on May 29, 2025 Vote: Voice vote resulted in all Ayes by Firefighters’ Board of Trustees. The motion passed unanimously Motion: It was moved by Mr. Currie and seconded by Mr. Vergara to Approve Minutes of the Joint Quarterly Meeting held on May 29, 2025 Vote: Voice vote resulted in all Ayes by General Employees’ Board of Trustees. The motion passed unanimously Motion: It was moved by Mr. Gosztyla and seconded by Mr. Cohill to Approve Minutes of the Joint Quarterly Meeting held on May 29, 2025 Vote: Voice vote resulted in all Ayes by Police Officers’ Board of Trustees. The motion passed unanimously

**OLD BUSINESS**

**NEW BUSINESS** A. Consideration by General Employees’ Board of Trustees 1. Approve Application for Retirement – Ronald Curtis - Facilities Maintenance Manager (Finance) effective 9/1/2025; Separation Date 8/31/2025; Meets age/service requirements for Normal Retirement (15 years 7 months of service) Motion: It was moved by Mr. Currie and seconded by Mr. Vergara to Approve Application for Retirement – Ronald Curtis - Facilities Maintenance Manager (Finance) effective 9/1/2025; Separation Date 8/31/2025; Meets age/service requirements for Normal Retirement (15 years 7 months of service) Roll call vote: Ayes – Currie, Hoffman, Vergara The motion passed unanimously

B. Consideration by Police Officers’ Board of Trustees 1. Approve Application for Retirement – Anthony Bennek - Police Corporal (Police) effective 9/1/2025; Separation Date 12/29/2010; Meets age/service requirements for Vested Retirement (11 years 11 months of service) Motion: It was moved by Mr. Sharp and seconded by Mr. Cohill to Approve Application for Retirement – Anthony Bennek - Police Corporal (Police) effective 9/1/2025; Separation Date 12/29/2010; Meets age/service requirements for Vested Retirement (11 years 11 months of service) Roll call vote: Ayes – Cohill, Patrich, Gosztyla, Sharp The motion passed unanimously

C. Consideration by General Employees’, Police Officers’, and Firefighters’ Board of Trustees 1. Consultant’s Reports/Presentations a. Approve Mariner Institutional (Brendon Vavrica), Investment Consultant June 30, 2025; Quarterly Investment Performance Report. Motion: It was moved by Mr. McDaniel and seconded by Mr. Huish to Approve Mariner Institutional (Brendon Vavrica), Investment Consultant June 30, 2025; Quarterly Investment Performance Report. Roll call vote: Ayes – Candler, McDaniel, Huish The motion passed unanimously Motion: It was moved by Mr. Currie and seconded by Mr. Vergara to Approve Mariner Institutional (Brendon Vavrica), Investment Consultant June 30, 2025; Quarterly Investment Performance Report Roll call vote: Ayes – Currie, Hoffman, Vergara The motion passed unanimously Motion: It was moved by Mr. Sharp and seconded by Mr. Cohill to Approve Mariner Institutional (Brendon Vavrica), Investment Consultant June 30, 2025; Quarterly Investment Performance Report Roll call vote: Ayes – Cohill, Patrich, Gosztyla, Sharp The motion passed unanimously

b. Informational Mariner Institutional (Brendon Vavrica), Investment Consultant, Presentation of Core Real Estate Search, International Growth Equity Manager Analysis, and Asset Allocation c. Approve Mariner Institutional (Brendon Vavrica), Investment Consultant, Investment Policy Statement Update Motion: It was moved by Mr. Huish and seconded by Mr. Candler to Approve Mariner Institutional (Brendon Vavrica), Investment Consultant, Investment Policy Statement Update as revised and presented to the board Roll call vote: Ayes – Candler, McDaniel, Huish The motion passed unanimously Motion: It was moved by Mr. Currie and seconded by Mr. Vergara to Approve Mariner Institutional (Brendon Vavrica), Investment Consultant, Investment Policy Statement Update as revised and presented to the board Roll call vote: Ayes – Currie, Hoffman, Vergara The motion passed unanimously Motion: It was moved by Mr. Gosztyla and seconded by Mr. Sharp to Approve Mariner Institutional (Brendon Vavrica), Investment Consultant, Investment Policy Statement Update as revised and presented to the board Roll call vote: Ayes – Cohill, Patrich, Gosztyla, Sharp The motion passed unanimously

d. Possible Action Mariner Institutional (Brendon Vavrica), Rebalance or allocation of portfolio assets in accordance with Statement of Investment Policy and Consultant’s recommendations No action taken

2. Pension Administrator’s Reports/Presentations a. Select One or More Attorneys for Portfolio Monitoring & Securities Litigation Counsel (Wolf Popper LLP, Saxena White, Grant & Eisenhofer) Motion: It was moved by Mr. Cohill and seconded by Mr. Gosztyla to Authorize the engagement of Wolf Popper LLP, for portfolio monitoring services, subject to final legal approval of the engagement letter Roll call vote: Ayes – Cohill, Patrich, Gosztyla, Sharp The motion passed unanimously Motion: It was moved by Mr. Huish and seconded by Mr. McDaniel to Authorize the engagement of Wolf Popper LLP, for portfolio monitoring services, subject to final legal approval of the engagement letter Roll call vote: Ayes – Candler, McDaniel, Huish The motion passed unanimously Motion: It was moved by Mr. Vergara and seconded by Mr. Currie to Authorize the engagement of Wolf Popper LLP, for portfolio monitoring services, subject to final legal approval of the engagement letter Roll call vote: Ayes – Currie, Hoffman, Vergara The motion passed unanimously Discussion: A brief discussion ensued regarding a necessary subsequent motion. Motion: It was moved by Mr. Cohill and seconded by Mr. Sharp to Authorize the board chairs to sign the engagement letter, subject to final legal approval Roll call vote: Ayes – Cohill, Patrich, Gosztyla, Sharp The motion passed unanimously Motion: It was moved by Mr. McDaniel and seconded by Mr. Huish to Authorize the board chairs to sign the engagement letter, subject to final legal approval Roll call vote: Ayes – Candler, McDaniel, Huish The motion passed unanimously Motion: It was moved by Mr. Currie and seconded by Mr. Vergara to Authorize the board chairs to sign the engagement letter, subject to final legal approval Roll call vote: Ayes – Currie, Hoffman, Vergara The motion passed unanimously

b. Informational June 30, 2025; Quarterly Pension Plan Administrator’s Report

**ITEMS FOR DISCUSSION**

**ADJOURNMENT** There being no further business, the meeting adjourned at 4:52 P.M.

Submitted by: Monica McDaniel Operations Support Specialist

Approval: [Signature] Date: 11/18/25