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NEW ORLEANS FIRE FIGHTER'S PENSION AND RELIEF FUND

William M. Carrouche'

Richard J. Hampton, Jr. Board President

Secretary-Treasurer

SUBJECT: Board of Trustees Regular Meeting Fire Fighter's Pension & Relief Fund

TIME, DATE AND PLACE: 9 am, February 4, 2013 3520 General DeGaulle Suite 3001 New Orleans, Louisiana 70130

Board Secretary-Treasurer Richard Hampton called the meeting to order. The following members of the Board of Trustees were present: Richard Hampton, William Carrouche Keith Noya, Terry Hampton, Darrel Klumpp, and Norman Foster.

Absent: Charles Parent, Nicholas Felton, Dean DiSalvo and Tim McConnell

Total as follows: Six (6) members present and four (4) members absent. A quorum being present, the Secretary-Treasurer declared the meeting duly convened to conduct business.

Also, present: Pam Meyer Louis Robein, Board attorney Paul Mitchell Richard Connor, Jr., Firefighter Jesse Evans, NOMERS K. Prevost, Firefighter Ryan Mast, Firefighter Derrick Francis, Mayor's office

COMMUNICATIONS

Mr. Hampton acknowledged receipt of thank you cards from Ms. Scudder and Ms. Lacombe. He mentioned the Fund's annual mail out of members deceased during 2012 has been released.

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REVIEW AND ACCEPT MINUTES

MOTION- Moved by Carrouche and seconded by T. Hampton to approve the January 2013 minutes. Motion passed. NO OBJECTIONS

REFUND OF CONTRIBUTIONS

John Magavio

CHANGE OF BENEFICIARY

None

DROP WITHDRAWAL

None

NEW APPLICATIONS

MOTION: Moved by T. Hampton and seconded by W. Carrouche to go into executive session to discuss medical matters of individuals submitting disability retirement applications. Motion passed. NO OBJECTIONS

MOTION: Moved by W. Carrouche and seconded by T. Hampton to end the executive session to discuss medical matters of individuals submitting disability retirement applications. Motion passed. NO OBJECTIONS

Brian G. Jackson: New Fund Fire Captain, Age 56 with 33 years of service is submitting an application for a 50% Service Connected Disability Pension effective February 5, 2013.

MOTION: Moved by Klumpp and seconded by R. Hampton to approve a 50% Service Connected Disability Pension effective February 5, 2013. Motion passed. NO OBJECTIONS

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Shane R. Gressett: New Fund Fire Operator, age 59, with 30 years of service is submitting an application for a 50% Service Connected Disability Pension effective February 15, 2013.

MOTION: Moved by K. Noya and seconded by T. Hampton to approve a 50% Service Connected Disability Pension effective February 15, 2013. Motion passed. NO OBJECTIONS

Kenneth M. Wiltz: New Fund Fire Captain, Age 59 with 35 years of service is submitting an application for a 50% Service Connected Disability Pension effective February 4, 2013.

MOTION: Moved by Klumpp and seconded by W. Carrouche to approve a 50% Service Connected Disability Pension effective February 4, 2013. Motion passed. NO OBJECTIONS

William E. Lovering, Jr.: New Fund Fire Operator, Age 61 with 21 years of service is submitting an application for a 50% Service Connected Disability Pension effective February 4, 2013.

MOTION: Moved by T. Hampton and seconded by W. Carrouche to approve a 50% Service Connected Disability Pension effective February 4, 2013. Motion passed. NO OBJECTIONS

DROP APPLICATIONS: (retroactive to January 1, 2013)

Brian T. Tabor: New Fund Fire Operator, age 60 with 30 years of service.

MOTION: Moved by R. Hampton and seconded by W. Carrouche to approve the DROP application of Brian Tabor. Motion passed. NO OBJECTIONS

George W. Dclpidio III: New Fund Fire Operator, age 51 with 30 years of service.

MOTION: Moved by T. Hampton and seconded by K. Noya to approve the DROP application of Mr. Delpidio. Motion passed. NO OBJECTIONS

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REPORTS OF DEATHS

Glenn P. Lacombe: died on January 12, 2013 at age 63 with widow and no minor children. Joined the department on October 21, 1969 and retired with 31 years of service on February 9, 2000. He spent 12 years on pension.

Eugene L. Heno: died on January 12, 2013 at age 70 with widow and no minor children. Joined the department on December 16,1966 and retired with 9 years of service on June 20, 1976. He spent 36 years on pension.

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Alexis J Morton: died on January 4, 2013 at age 65 after 4 years on benefits which began on July 1,2008.

MOTION: Moved by Nova and seconded by T. Hampton to remove the above noted deceased members from the rolls. Motion passed. NO OBJECTIONS

WIDOW'S APPLICATIONS

Mrs. Rosita Shields: Application for a Line of Duty Widow's benefit effective retroactive to December 1, 2012.

MOTION: Moved by T. Hampton and seconded by Noya to approve the Line of Duty Widow's benefit effective retroactive to November 1 5 2012 for Mrs. Shields.

Mrs. Bernice Palermo: Application for a Non- Duty Widow's benefit effective retroactive to January 1, 2013.

MOTION: Moved by T. Hampton and seconded by D. Klumpp to approve the Non-Duty Widow's benefit effective retroactive to January 1, 2013 for Mrs. Griffin.

Mrs. Beverly Maggiore: Application for a Line of Duty Widow's benefit effective retroactive to January 1, 2013.

MOTION: Moved by T. Hampton and seconded by D. Klumpp to approve the Line of Duty Widow's benefit effective retroactive to November 1, 2012 for Mrs. Shields.

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APPLICATIONS PENDING

Michael Gowland: Staff has spoken to member's physician who is preparing a report for the Board. Member was approved for a regular service pension. Board deferred action on disability pension pending receipt of doctor's information.

OLD BUSINESS

Expense Committee Update: There were not enough members in attendance at the last expense committee meeting to make a quorum. Attendees at the meeting did take the time to review credit card statements for the years 2010-2012. No unusual items were noted. R. Connor, an advisory member of the Committee requested deposit information on reimbursements made over the period for expenses on Mr. Bailey's credit card. The requested data will be available for the next scheduled meeting on February 21, 2012.

CSG Transition Letter: R. Hampton discussed the Board's request to allow Joe Meals access to the Fund's investment data held with CSG. A letter addressed to Robert Longfield, CSG President was also read and approved for delivery at the January 16, 2013 Investment Board Meeting. Members continued the discussion on the services provided by CSG. Because starting a search for a consultant was not on the agenda, a motion to discuss the matter was necessary.

MOTION: Moved by T. Hampton and seconded by W. Carrouche to amend the agenda to discuss the consultant search. Motion failed due to objection by N. Foster.

L. Robein informed the Board that the Motion to discuss items not on the agenda would require a unanimous decision to be effective. A consultant search could not be discussed.

Disclosure Forms: During a previous Board meeting, N. Foster felt attendance at LATEC and other public fund conferences required completion of an Ethics disclosure form when trustees were charged a different rate from non-trustees or others attending a conference. The matter was researched by Mr. Robein who indicated that in his opinion no additional disclosure was necessary when Board attendees paid the same fees as all other trustees attending. Mr. Robein did advise that if any Trustee's attendance was subsidized in any way, that reporting would be required. Mr. Robein also indicated that any trustee who felt they should file a disclosure for this matter should do so. It was a general consensus that disclosure forms were not needed in the circumstances noted above.

Fletcher: R. Hampton informed the Board that he is prepared to provide an update on the Fletcher matter. (This matter was moved to the end of the agenda following New Business).

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MOTION: Moved by T. Hampton and seconded by W. Carrouche to go into executive session to discuss the Fletcher litigation. Motion passed. NO OBJECTIONS

MOTION: Moved by W. Carrouche and seconded by T. Hampton to end the executive session to discuss the Fletcher litigation. Motion passed. NO OBJECTIONS

NEW BUSINESS

Investment Education Symposium: The LATEC conference held in conjunction with OPAL is scheduled for February 6-8, 2013.

Office of Inspector General Request:

Mr. Hampton reported on Public Records requests made by the City Inspector General. Upon advice of counsel, the requests were responded to, but with a reservation of rights regarding the jurisdiction of the 1G. Mr. Robein explained that recent Supreme Court decisions have put in question the applicability of various laws, including the auditing and investigatory authority of the Legislative Auditor and the Ethics Commission, with respect to entities which do not meet all the conditions for status as a "public entity". The factor at issue with any retirement system is that of "public money". The Attorney General has opined that public retirement systems do not administer public funds and that the funds they do administer are private, that is, monies held and distributed for the benefit of employees and retirees, not the public.

LEGAL

Longevity Suit: R. Hampton noted that certain legal matters regarding the longevity suit should be brought to the attention of the Board. The litigation is listed as New Orleans Firefighters et al v City of New Orleans, CDC No 81-1 1108

MOTION: Moved by T. Hampton and seconded by W. Carrouche to go into executive session to discuss the longevity litigation. Motion passed. NO OBJECTIONS

MOTION: Moved by W. Carrouche and seconded by T. Hampton to end the executive session to discuss the longevity litigation. Motion passed. NO OBJECTIONS

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Mandamus: A writ of mandamus against the City of New Orleans was filed to require funding of actuarially determined pension benefits. The Board is awaiting a decision by the Judge.

MOTION: Moved by T. Hampton and seconded by W. Carrouche to go into executive session to discuss the mandamus litigation. Motion passed. NO OBJECTIONS

MOTION: Moved by W. Carrouche and seconded by T. Hampton to end the executive session to discuss the mandamus litigation. Motion passed. NO OBJECTIONS

TIMELY FILING OF APPLICATIONS:

All Members applying for Pension, DROP or PLOP must do so 45 days in advance of the scheduled retirement date. All medical documentation for disability applications must be in the administrative office 45 days prior to the scheduled retirement date. Failure to comply with the Fund's rules will cause a delay in the Board taking action and will probably force an extension beyond the member's desired retirement date.

The administrative office will continue to process all paperwork in a friendly, orderly, and timely fashion. We thank all applying members for their continued cooperation. This will enable the Administrative Office and the Board of Trustees to perform their jobs more efficiently.

Members who have recently changed their address or marital status and have not updated their beneficiary form should do so at this time. Please contact the Pension Office during the hours of 10:00 am to 2:00 pm for beneficiary verifications. Your cooperation is appreciated.

ADJOURNMENT

There being no further business, the meeting adjourned at 1:40 pm. The next regular meeting of the Board of Trustees is March 5, 2013.

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