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Page 1 MONEY PURCHASE PENSION PLAN FOR PEACE OFFICERS BOARD MEETING Minutes February 8, 2012 Meeting Summary The Board met to 1) review/approve the minutes from the last meeting; 2) elect a chairperson; 3) set goals for 2012; and 4) discuss any Other Business. Roll Call Present: Present were Employee Board Members Micheal Deedon, Justin Petersen and Bryan Lingo, Director of Finance Pat Soderberg and Director of Human Resources Suzanne Smith. Absent: None. Others in attendance: Annette Rauschenberger and Vickie Mauri from Human Resources. Election of Chairperson/Minutes/Business Items The meeting was called to order at 9:00 am. Disposition of Minutes – The minutes of the November 17, 2011 meeting were approved with no corrections. Chairperson: Mr. Deedon made a motion to elect Mr. Lingo as chairperson of the board. The motion was seconded by Mr. Petersen and approved unanimously. Setting Goals for 2012: The board members set the following goals for 2012: Benchmark the plan against other money purchase plans were regard to services and fees. This will be accomplished through a survey of other cities with money purchase plans. Consider the implementation of model portfolios (conservative, moderate, aggressive). Re-set expectations with Wells Fargo regarding the information covered during the meeting. Limit the economic update since this information is covered in the presentation. Areas of focus should be underperforming funds, new products and employee education. Old Business/Other Business: None. Adjournment The meeting was adjourned at 9:56 a.m. Approval Minutes Prepared by Suzanne Smith Approved by Chair