A. BUSINESS ITEMS 1. Call to Order/ Roll Call 2. Approval Prior Board Meeting Minutes a. October 28 , 2011 3. Participant’s and Guest Introductions B. OTHER ITEMS 1. Administrator Update (a) PMA FIIP documents (b) Information Statement, Investment Policy (c) Term Series Approach (with PMA Input) (d) Marketing Update, upcoming Presentations, Conferences 2. PMA (a) Economic and Market Update (b) FLSAFE LGIP Portfolio Update (c) Update on FIIP, Cash Flow, PMA FLSAFE Value Added Programs (d) PMA Comments 3. FLSAFE Counsel Comments 4. Participants’ Comments 5. Board Members’ Comments C. SET NEXT MEETING DATE/ ADJOURNMENT 1. Future meeting dates: April 2012 (Trustee and Board of Participants) July 2012 October 2012