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1.
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Call to Order
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2.
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Approval of Retirement Board Meeting Minutes of
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a)
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May 21, 2008
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a.1-a.20
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b)
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June 25, 2008
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b.1-b.10
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Discussion and possible Board action
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3.
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Investment Committee Report
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a)
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Consideration of Excess Benefit Arrangement Trust Report
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a.1 - a.2
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b)
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Consideration of Excess Benefit Arrangement Trust Annual Asset Listing
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b.1
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c)
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Consideration of Securities Lending Earnings Report
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c.1 - c.2
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d)
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Consideration of Correspondence From Northern Trust Regarding EquiLend
Holdings LLC
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d.1
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e)
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Consideration of Correspondence From State Street and
R.V. Kuhns & Associates Regarding Additional Out-of-Pocket Expenses
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e.1 - e.2
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f)
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Consideration of Tyco Bond Update From Western Asset Management
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f.1
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g)
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Consideration of Commission Recapture Statement
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g.1 - g.4
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h)
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Proxy Vote Summary
Report
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1)
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AXA Rosenberg – 2nd Quarter 2008
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2)
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Cadence Capital Management – 2nd Quarter 2008
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3)
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Cramer Rosenthal McGlynn – 2nd Quarter 2008
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4)
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Dimensional Fund Advisors – 2nd Quarter 2008
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5)
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Eagle Asset Management – 2nd Quarter 2008
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6)
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GMO – International Intrinsic Value Fund –
2nd Quarter 2008
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7)
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GMO – Emerging Markets Quality Fund –
2nd Quarter 2008
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8)
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Northern Trust – 2nd Quarter 2008
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9)
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Pyramis – International Growth Commingled Pool –
2nd Quarter 2008
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10)
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Pyramis – Emerging Markets Commingled Pool –
2nd Quarter 2008
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11)
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Research Affiliates – 2nd Quarter 2008
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12)
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The Boston Company – 2nd Quarter
2008
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i)
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Consideration of and Appropriate Action Regarding Organizational
Changes: Pyramis Global Advisors
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i.1 - i.2
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j)
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Consideration of Applying the Prudent Investor Rule
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j.1 - j.2
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k)
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Future Agenda Items
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l)
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Call to the Public
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Discussion and
possible Board action
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4.
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Presentation of Results From Actuarial Audit
- Milliman
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Discussion and
possible Board action
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Executive Session
Pursuant to A.R.S. Section 38-431.03.A.3 the Board may
vote to convene in Executive Session for discussion or consultation with the
Board’s attorney for legal advice regarding items 5 and 8. The Board will
vote on actions to take on these items in open session.
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5.
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Consideration of Request for Legal
Review of Pension Protection Act of 2006
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Discussion and possible Board action
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6.
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Presentation of Results From Annual Random
Review of Retirees
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1
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Discussion and
possible Board action
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7.
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Consideration of Quarterly Portfolio
Rebalancing Report
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1
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Discussion and
possible Board action
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8.
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Possible Policy Regarding Investment in Companies
Doing Business in Countries Which Support Terrorism
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1-11
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Discussion and
possible Board action
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9.
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Presentation of 2008-2010 Economic Changes
for Active Members
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1-6
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Informational
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10.
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Consideration of Requests for Service Credit
(Buyback) Forfeited Due to Refund of Member Contributions
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a)
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JoAnn Del-Colle (4
requests)
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a.1-a.8
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Discussion and possible Board action
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11.
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*Consideration of Requests for Transfer of
Member Credited Service from COPERS to Arizona State Retirement System (ASRS)
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a)
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Andrea L. Cummings
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$102,844.60
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a.1-a.2
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b)
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Anne DeChance
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$45,670.00
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b.1-b.2
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c)
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Sheila Jocewicz
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$135,281.04
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c.1-c.2
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d)
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Annette Pena
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$22,412.31
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d.1-d.2
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e)
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Omitted
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f)
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Kathaleen Von Seeburg
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$11,371.21
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f.1-f.2
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Discussion and possible Board action
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12.
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Consideration of Requests for Purchase of
In-State/Out-of-State Public Service Credits Pursuant to Board Policy 169
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a)
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In-State
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1)
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Diane Abe
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a1.1-a1.2
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Discussion and possible Board action
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13.
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Consideration of Requests for Purchase of
In-State/Out-of-State Public Service Credits Pursuant to Board Policy 180
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1
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a)
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Diane Allen
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f)
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Kevin Cullens
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b)
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Laura Bishop
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g)
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Gary Doyle
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c)
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Anissa Blair
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h)
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Ardis Hoffmann
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d)
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Sedgwick Chappell
(2 requests)
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i)
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Audrey Mims
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e)
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Frances Cinna
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j)
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Debra Stanton
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Discussion and possible Board action
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Bills to
be Paid
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a)
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AXA Rosenberg
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a.1
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2nd Quarter 2008 Fees
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$141,353.48
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b)
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Cadence Capital Management
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b.1
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2nd Quarter 2008 Fees
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$152,315.00
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c)
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Cramer Rosenthal McGlynn
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c.1
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2nd Quarter 2008 Fees
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$258,312.34
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d)
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Dimensional Fund Advisors
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d.1
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2nd Quarter 2008 Fees
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$90,822.18
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e)
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Eagle Asset Management
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e.1
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2nd Quarter 2008 Fees
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$128,218.52
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f)
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Kutak Rock LLP
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f.1-f.2
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Professional Services
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$324.80
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g)
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Pyramis Global Advisors
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g.1
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2nd Quarter 2008 Fees
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$159,667.00
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h)
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Research Affiliates
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h.1
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2nd Quarter 2008 Fees
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$275,795.94
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i)
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Rodwan Consulting Company
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i.1
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2nd Quarter 2008 Fees
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$4,900.00
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j)
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R.V. Kuhns & Associates
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j.1
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2nd Quarter 2008 Fees
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$43,750.00
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k)
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State Street Corporation
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k.1
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May 2008 Fees
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$9,390.13
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l)
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The Boston Company
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l.1
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2nd Quarter 2008 Fees
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$89,498.26
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m)
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The Northern Trust Company
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m.1
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2nd Quarter 2008 Fees
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$9,968.15
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n)
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Wells Capital Management
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n.1
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2nd Quarter 2008 Fees
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$98,269.90
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o)
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Western Asset Management Company
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o.1
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2nd Quarter 2008 Fees
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$108,371.31
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p)
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Yoder & Langford P.C.
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p.1-p.4
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Professional Services
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$728.50
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Professional Services
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$517.00
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Discussion and possible Board action
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15.
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Refunds (through July 31, 2008)
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1-2
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Informational
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16.
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Pension Payroll – July 1, 2008 and August 1, 2008
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