11-14-24 GBPOT Adopted Minutesi r�,,� MINUTES
;S r General Employees' Pension Board of Trustees
Meeting
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Thursday, November 14, 2024 - 6:30 PM
City Hall, Commission Chamber
Present: Emanuel Brown, Employee Elected Member
Brinkley Harrell, Alternate Member
Donald Galli, Civilian Member Appointed by Commission
Gary Smith, Employee Elected Member
Jeff Newman, Member
Absent:
Also Present: Brittany Percell, Finance Director (FD)
1. CALL TO ORDER
Meeting Called to Order at 6:36 p.m.
2. COURTESY OF THE FLOOR TO VISITORS
One visitor. No speakers.
3. APPROVAL OF MINUTES
A. Approve minutes of the February 8, 2024 regular meeting of the General
Employees' Pension Board of Trustees.
MOTION: Approve the minutes as presented for meetings held on February 8 and August
8, 2024 and as amended for the meeting held on May 9, 2024 removing Brinkley Harrell as
having been in attendance.
Motion: Jeff Newman
Second: Donald Galli
Emanuel Brown For
Brinkley Harrell For
Donald Galli (Seconded By) For
Gary Smith For
Jeff Newman (Moved By) For
Motion passed S to 0.
B. Approve minutes of the May 9, 2024 regular meeting of the General Employees'
Pension Board of Trustees.
MOTION: Approve the minutes as presented for meetings held on February 8 and August
General Employees' Pension Board of Trustees
November 14, 2024
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4.
8, 2024 and as amended for the meeting held on May 9, 2024 removing Brinkley Harrell as
having been in attendance.
Motion: Jeff Newman
Second: Donald Galli
Emanuel Brown For
Brinkley Harrell For
Donald Galli (Seconded By) For
Gary Smith For
Jeff Newman (Moved By) For
Motion passed S to 0.
C. Approve minutes of the August 8, 2024 regular meeting of the General
Employees' Pension Board of Trustees.
MOTION. Approve the minutes as presented for meetings held on February 8 and August
8, 2024 and as amended for the meeting held on May 9, 2024 removing Brinkley Harrell as
having been in attendance.
Motion: Jeff Newman
Second. Donald Galli
Emanuel Brown For
Brinkley Harrell For
Donald Galli (Seconded By) For
Gary Smith For
Jeff Newman (Moved By) For
Motion passed S to 0.
REPORTS
A. Recap of investments performance for period ended September 30, 2024
MOTION: Approve changes as recommended
Motion: Jeff Newman
Second. Donald Galli
Emanuel Brown For
Brinkley Harrell For
Donald Galli (Seconded By) For
Gaq Smith For
Jeff Newman (Moved By) For
General Employees' Pension Board of Trustees
November 14, 2024
Page 2 of 5
S
Motion passed S to 0.
5. DISCUSSION WITH PENSION BOARD ATTORNEY
- Affidavits
- Reminder of State Ethics Laws
- Reminder of Educational Opportunities
- Charitable Donation on Behalf of the Board (Towards Hurricane Relief)
6. OLD BUSINESS
A. Election of Board Officers:
• Chair
• Vice -Chair
• Secretary
MOTION: To select Jeff Newman as Chair
Motion: Donald Galli
Second: Emanuel Brown
Emanuel Brown (Seconded By) For
Brinkley Harrell For
Donald Galli (Moved B),) For
Gary Smith For
Jeff Newman For
Motion passed S to 0.
ACTION: To select Don Galli a Vice -Chair
Motion: Jeff Newman
Second: Emanuel Brown
Emanuel Brown (Seconded By)
For
Brinkley Harrell
For
Donald Galli
For
Gary Smith
For
Jeff Newman (Moved By)
For
Motion passed S to 0.
MOTION: To select Gary Smith as Secretary
Motion: Emanuel Brown
Second: Jeff Newman
General Employees' Pension Board of Trustees
November 14, 2024
Page 3 of 5
7.
Emanuel Brown (Moved By)
Brinkley Harrell
Donald Galli
Gary Smith
Jeff Newman (Seconded By)
Motion passed S to 0.
B. Update On Cost of Living Adjustment
For
For
For
For
For
COLA Ordinances Are Expected To Be On The December 9, 2024 Commission
Agenda And Will Have An Effective Date Of October 1, 2024
C. Adopted FY2025 General Employees' Pension Plan Budget
MOTION: Approve the FY25 budget as presented
Motion: Jeff Newman
Second. Donald Galli
Emanuel Brown
Brinkley Harrell
Donald Galli (Seconded By)
Gary Smith
Jeff Newman (Moved By)
Motion passed S to 0.
NEW BUSINESS
A. Meeting Dates In 2025:
February 13, 2025
May 8, 2025
August 14, 2025
November 13, 2025
For
For
For
For
For
MOTION. Approve the 2025 Meetings Schedule As Presented But Expecting A Change
To The August and November Dates
Motion: Jeff Newman
Second. Gary Smith
Emanuel Brown
For
Brinkley Harrell
For
Donald Galli
For
Gary Smith (Seconded B))
For
Jeff Newman (Moved BI)
For
General Employees' Pension Board of Trustees
November 14, 2024
Page 4 of 5
Motion passed S to 0.
B. Potential New Board Member
°n
MOTION. To Select John Hoff As The Board's Fifth Member
Motion: Emanuel Brown
Second: Jeff Newman
Emanuel Brown (Moved By) For
Donald Galli For
Gait' Smith For
Jeff Newman (Seconded Bh) For
Motion passed 5 to 0.
8. ADJOURNMENT
There being no further discussion, Chair, Jeff Newman, declared the meeting adjourned at 8:07
p.m.
Attest:
L6.
Brittany Percell, Plan Administrator _ c! Chair
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General Employees' Pension Board of Trustees
November 14, 2024
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