07-15-21 PBOT - GeneralPresent:
MINUTES
General Employees' Pension Board of Trustees
Meeting
Thursday, July 15, 2021 - 6:30 PM
Commission Chamber
Troy Stephens, Member
Patty Drake, Member
Jeff Newman, Member, General Employees' Pension Board of Trustees
Nicholas Kenyon, Member
Absent: Ray Brandstaetter, Chair, General Employees' Pension Board of Trustees
Rob Miller, Alternate Member, General Employees' Pension Board of Trustees
Also Present:
Melissa Burns, Director of Finance
Nicolas Lahaye, Gabriel, Roeder Smith
Pedro Herrera, Pension Board Attorney
1. CALL TO ORDER
2. COURTESY OF THE FLOOR TO VISITORS
3. NEW BUSINESS
A. Presentation of the Actuarial Valuation Report as of 10/1/2020
Nicolas Lahaye presented the actuarial valuation report to the board and noted that the
plan's funding ratio had risen to 85.9% and the employer required contribution had
decreased.
MOTION: To approve the actuarial valuation report as presented
Motion: Troy Stephens
Second: Patty Drake
Troy Stephens (Moved By) For
Patty Drake (Seconded By) For
Jeff Newman For
Nicholas Kenyon For
Motion passed 4 to 0.
4. ADJOURNMENT
There being no further discussion, the board declared the meeting adjourned at 7:43 p.m.
General Employees' Pension Board of Trustees
July 15, 2021
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Attest:
elissa Bums, Plan Administrator Ray Br
General Employees' Pension Board of Trustees
July 15, 2021
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