1. CALL TO ORDER
2. ROLL CALL
3. CONSENT CALENDAR
(Consent Calendar items are considered to be routine by the Commission/Committee/Board and will be enacted by one motion. By approval of the Consent Calendar, the staff recommendations will be adopted unless otherwise modified by the Commission/Committee. There will be no separate discussion on these items unless a Commission/Committee/Board Member or a member of the audience requests removal of the items from the Consent Calendar.)
3-1 Approval of pension payments for the month of July 2017 in the amount of $107,665.92. (See attached spreadsheets for calculation of Police service retiree benefits. The Fire Department is still working out of contract so these benefits will not change until the new M.O.U. is approved and signed.)
Staff recommendation: Approve
3-2 Ratification of pension payments for the month of June 2017 in the amount of $106,668.42.
Staff recommendation: Ratify
3-3 Ratification of pension payments for the month of May 2017 in the amount of $106,668.42.
Staff recommendation: Ratify
3-4 Approval of Minutes of the regular meeting of April 25, 2017.
Staff recommendation: Approve
3-5 Approval of invoices from Atlantic Trust in the amount of $7,758.38 for investments services for the quarter ended June 30, 2017.
Staff recommendation: Approve
4. PUBLIC COMMENT
For persons desiring to address the Commission/Committee/Board on an item that is not on the agenda please note that each speaker is limited to three (3) minutes. The Brown Act limits the Committee’s ability to take and/or discuss items that are not on the agenda; therefore, such items are normally referred to staff for comment or to a future agenda.
5. REPORTS
5-1. Vicken Ekmekjian of Atlantic Trust presenting investment report for the quarter ended June 30, 2017.
Staff recommendation: Note and file.
6. DISCUSSIONS AND POSSIBLE ACTION ON MATTERS RELATED TO THE FOLLOWING ITEMS:
6-1 Chairperson Denton regarding possible amendment to Board’s contract with Atlantic Trust in order to have Dewey Tieu of Atlantic Trust added to the presentation and management team for the Fund.
Staff recommendation: No recommendation at this time.
7. ANNOUNCEMENTS/COMMUNICATIONS
8. FUTURE AGENDA ITEMS
(Commission/Committee/Board Member announcement of requests for future agenda items. No public comment will be taken on announcement of future agenda items).
8-1. The next regularly scheduled Pension Board meeting will be held on Tuesday October 31, 2017 at 10:00 a.m.
9. ADJOURNMENT
The Commission/Committee/Board packet is available for public inspection at City Hall. The agenda is available for public inspection at the Albany Library and Senior Center. The agenda and supporting staff reports, if available, can also be found on our web page at www.albanyca.org.
Please note that if you provide your name and address when speaking before the Commission/Committee/Board it will become part of the official public record, which will be posted on the Internet.
Date posted: Thursday, July 20, 2017
