CITY OF HALLANDALE BEACH

MEMORANDUM

DATE:                        May 5, 2009

TO:                 D. Mike Good, City Manager

FROM:            Mark Antonio, Assistant City Manager

SUBJECT:     Principal Financial Group Presentation – January 1, 2009 through March 31, 2009 - Pension Investment Results

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PURPOSE

At the request of the City Commission, the Principal Financial Group (PFG) presents the quarterly results of the General Employees and Professional/ Management Pension Plans.

BACKGROUND/DISCUSSION

At the May 20, 2009 regular City Commission meeting the Principal Financial Group (PFG) will present the investment results for the January 1, 2009 through March 31, 2009 quarter for the General Employees and Professional/Management Pension Plans. Steve Geadelmann, Investment Manager and Donald Huegerich, Senior Relations Manager, will be making the presentation to the City Commission.  

Based on travel commitments, staff requests a time certain at 2:45 p.m. and expects the presentation to last fifteen minutes.  

Reviewed:

______________________________                               _________________

D. Mike Good, City Manager                                                      Date

____ Approved   ____ Denied    ____ Hold for Discussion

COMMENTS

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MA/ma