Pension Board

MINUTES UNIFIED GOVERNMENT OF ATHENS-CLARKE COUNTY PENSION BOARD REGULAR MEETING Wednesday, February 10, 2021, 3:30 PM The Athens-Clarke County Pension Board held its regular meeting on Wednesday, February 10, 2021 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 3. David Boyd, Finance Director 4. Jeff Hale, Human Resources Director 5. Jason Pierce, Public Safety Employee Representative 6. Kevin Gentry, General Employee Representative 7. Bob Snipes, Retiree Representative, ABSENT Ex Officio Members: Judd Drake, Attorney Laura Welch, Secretary, Assistant HR Director Traci Mason, Benefits & Wellness Administrator The meeting was called to order at 3:34 p.m. Jeff Hale moved to approve, but had one change to the December 9, 2020 minutes: change the word “September” to “December.” Jason Pierce seconded the motion, but also had one change to the December, 9, 2020 minutes: change “my” to “by.” The motion passed unanimously. PFM Representatives Allison Corbally and Floyd Simpson (via WebEx) presented the fourth quarter 2020 Review. PFM representatives recommend having a discussion on incorporating alternatives into the Portfolio. Investment activity of the Pension Fund for the fourth quarter of 2020: October 1, 2020 through December 31, 2020 is as follows: the plan assets were at $301,742,783 million as of December 31, 2020. The plan return for the quarter was 10.26%. Beginning market value for the quarter was $272,520,630. Net investment change totaled $29,309,813. Kevin Gentry moved to adjourn the meeting, seconded by Jason Pierce. The meeting adjourned at 4:23 p.m. Respectfully submitted, Laura Welch, Assistant Human Resources Director Secretary to the Pension Board Minutes of the ACCGov Pension Board February 10, 2021 Page 1 of 1