AGENDA
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 October 2018 in the amount of $104,304.82
Staff recommendation: Approve
3-2 Ratification of pension payments for the month of September 2018 in the amount of $104,304.82
Staff recommendation: Ratify
3-3 Ratification of pension payments for the month of August 2018 in the amount of $104,304.82
Staff recommendation: Ratify
3-4 Approval of Minutes of the regular meeting of July 31, 2018. (To be provided at meeting.)
Staff recommendation: Approve
3-5 Ratification of invoice dated August 11, 2017 from CIBC Private Wealth Management (formerly Atlantic Trust) in the amount of $6,801.74 for investment services for the period 7/1/18 through 9/30/18.
Staff recommendation: Ratify
3-6 Ratification of invoice dated August 31, 2018 from Buck Global, LLC (formerly Buck Consultants and then Conduent), in the amount of $6,500.00 for preparation of GASB Statements 67 and 68 Reports of June 30, 2017.
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 CIBC Private Wealth Management (formerly Atlantic Trust) presenting investment report for period ending 9/30/2018.
Staff recommendation: Note and File
6. DISCUSSIONS AND POSSIBLE ACTION ON MATTERS RELATED TO THE FOLLOWING ITEMS:
6-1. Chairperson Denton and Vicken Ekmekjian regarding adding Dewey Tieu as one of CIBC’s representatives to the Pension Fund.
Staff recommendation: None at this time – still reviewing minutes and original contracts with Atlantic Trust.
6-2. Chairperson Denton regarding receiving additional quote from GovInvest (attached) for performing actuarial analysis of the Pension Fund as of 6/30/2017.
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 January 29, 2019.
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: October 25, 2018
