Pension Board

DRAFT MINUTES UNIFIED GOVERNMENT OF ATHENS-CLARKE COUNTY PENSION BOARD REGULAR MEETING Wednesday, March 4, 2020, 3:30 p.m. The Athens-Clarke County Pension Board held a special called meeting on Wednesday, March 4, 2020 in the Satula Avenue Government Building Training Room. The following were in attendance: ACCUG Pension Board Ordinance - Section 1-14-15 Members: 1. Mike Hamby, Commissioner and Pension Board Chair 2. Blaine Williams, Manager - ABSENT 3. David Boyd, Finance Director - ABSENT 4. Jeff Hale, Human Resources Director 5. Mike Hunsinger, Public Safety Employee Representative 6. Kevin Gentry, General Employee Representative 7. Bob Snipes, Retiree Representative - ABSENT Ex Officio Members: Judd Drake, Attorney - ABSENT Laura Welch, Secretary, Assistant HR Director Traci Mason, Benefits & Wellness Administrator Other ACCGov Professionals: Eric Griffin, Treasurer The meeting was called to order at 3:34 p.m. The Board approved the Investment Policy Statement as transmitted by staff in a Feb 25, 2020 email. Although there was a quorum present, tThe board members decided to Formatted: Strikethrough postpone discussions of the following a possible modification of the asset allocation until Formatted: Strikethrough more members could be present: Formatted: Strikethrough • Modification of Investment Policy Statement; and Formatted: Strikethrough • Discussion of Asset Allocation and Investment Strategy with PFM Representatives. The meeting adjourned at 3:40 p.m (Note: Subsequent to this meeting, it was determined that the approved Investment Policy Statement had incorrectly called for a 70% Equity/30% Fixed Income allocation of Pension Fund assets rather than the Board approved 65%/35% Fixed Income Allocation.) Respectfully submitted, Minutes of the ACCGov Pension Board Special Called Meeting, March 4, 2020 Page 1 of 2 DRAFT Laura Welch, Assistant Human Resources Director Secretary to the Pension Board Minutes of the ACCGov Pension Board Special Called Meeting, March 4, 2020 Page 2 of 2