02-10-22 General Emplyees' Pension Board of Trustees Adopted Minutessir MINUTES
General Employees' Pension Board of Trustees
Meeting
Thursday, February 10, 2022 - 6:30 PM
Commission Chamber
Present: Emanuel Brown, Member, General Employees' Pension Board of Trustees
Gary Smith, Member, General Employees' Pension Board of Trustees
Ray Brandstaetter, Chair, General Employees' Pension Board of Trustees
Jeff Newman, Member, General Employees' Pension Board of Trustees
Absent: Nicholas Kenyon, Member, General Employees' Pension Board of Trustees
Rob Miller, Alternate Member, General Employees' Pension Board of Trustees
Also Present: Melissa Burns, Director of Finance
1.
2.
3.
CALL TO ORDER
COURTESY OF THE FLOOR TO VISITORS
APPROVAL OF MINUTES
A. Approve minutes of the November 18, 2021 regular meeting of the General
Employees' Pension Board of Trustees.
MOTION. Motion to approve minutes as written.
Motion: Ray Brandstaetter
Second: Jeff Newman
Ray Brandstaetter (Moved By) For
Jeff Newman (Seconded By) For
Emanuel Brown For
Gary Smith For
Motion passed 4 to 0.
4. REPORTS
A. Recap of investment performance for the period ended December 31, 2021 and
subsequent activity.
Report Summary
Quarter to Date (10/1/21 - 12/31/21) - 4.18%
Performance Since Inception (3/10/10 - 12/31/21) - 8.41%
General Employees' Pension Board of Trustees
February 10, 2022
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B. Report on Manager Analysis and Search
Mr. Wheeler discussed the report on the Large Cap Growth Manager Comparison and
the Short -Term Fixed Income Manager Search -Qualitative Analysis and discussed using
Black Rock.
MOTION. To accept Black Rock as new fixed income investment manager and move funds
from current managers to Black Rock.
Motion: Ray Brandstaetter
Second: Jeff Newman
Emanuel Brown For
Gary Smith For
Ray Brandstaetter (Moved By) For
Jeff Newman (Seconded By) For
Motion passed 4 to 0.
C. Expenditure report for the period ended December 31, 2021.
Report for information and discussion purposes only.
D. Fund balance report for the period ended December 31, 2021.
Report for information and discussion purposes only
5. DISCUSSION WITH PENSION BOARD ATTORNEY
A. Items For Discussion
Attorney Herrera discussed several items such as the Legislative session,specifically that
COVID 19 will be added to list of diseases to be presumed in the line of duty.
Announced that the FPPTA will have its annual conference at the end of June in Orlando.
6. NEW BUSINESS
A. Change in Employment Status
• Linda Lenhart
• Luz Reyes
MOTION. Motion to approve change in employment status for Linda Lenhart and Luz Reyes.
Motion: Ray Brandstaetter
Second. Jeff Newman
Emanuel Brown For
Gary Smith For
Ray Brandstaetter (Moved By) For
General Employees' Pension Board of Trustees
February 10, 2022
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7.
Attest:
Jeff Newman (Seconded By) For
Motion passed 4 to 0.
ADJOURNMENT
There being no further discussion, Chair Brandstaetter declared the meeting adjourned at 7:33
p.m.
Melissa Burns, Plan Administrator
ff
Ray lfrantaetter, Chair
General Employees' Pension Board of Trustees
February 10, 2022
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