General Employees Retirement Board - Regular Meeting

Good evening. We are going to go ahead and get started, recognizing that there are a few people that may be a few minutes late, given the activity that has taken place over the past hour and a half or so. So with that, roll call.

All right. Thank you very much. Please rise for the pledge.

United States of America, and to the Republic for which it stands, one nation, under God, indivisible, with liberty and justice for all. Thank you. First item on the agenda, item 3.1, is the approval of the July 15th Retirement Board Minutes. I move approval. We have a motion. Do we have a second? We have a motion and a second. All in favor? Aye. Any opposed? Motion carries. Next item is the quarterly investment report. And given market conditions, it should be a very positive report.

You're leading with the highlights, so that's okay. You don't want to snatch the feet from the gentleman.

So you're not recommending any changes to the targets, the allocations that we have in the policy?

So my reaction to that would be to be supportive of that. We hired you guys to manage this portfolio for us, and we've been pleased. But I'll open it up to discussion on the part of anybody else on the committee.

All right, so you have support from the committee on that. Any questions or comments?

All right. We need a motion to accept the report. Okay. I'll make the motion. Do we have a second? We have a motion and a second. All in favor? Aye. Aye. Any opposed? Motion carries. Appreciate everybody's time. Thank you very much. We look forward to continuing positive results, for which we'll give you full credit. All right. Next item on the agenda, item 5.1. Mr. Manager.

Any questions or comments on the part of the committee? I'll make the motion. Do we have a second? We have a motion and a second. All in favor? Aye. Any opposed? Motion carries. Item 6.1, Mr. Manager.

All right, so is there any action at this point? Yeah, we need you to move it and move forward with it. Okay. Any comments on this? I'll make the motion. Do we have a second? We have a motion and a second. All in favor? Aye. Any opposed? Motion carries. Item 7.1.

Okay, I'll make the motion. Second it. We have a motion and a second. All in favor? Aye. Aye. Any opposed? Motion carries. Item 8.1, an interesting item. Mr. Manager?

I think we can potentially preempt this. So, is there discussion on the part of anybody on the committee?

Okay, so I think there's going to be support, but I just wanted...

And the actuarial calculations are predicated on that individual for determination of the funds flow.

All right. So the board needs to take action on this. Is this a voice vote or a roll call? Voice. Voice vote? Okay. Any other questions? I'll make the motion. We have a motion and a second. All in favor? Aye. Any opposed? Motion carries. Thank you very much. Thank you very much. All right. Any public comments? All right. So with that, the meeting is adjourned.