General Employees Retirement Board

AGENDA QUARTERLY MEETING – GENERAL EMPLOYEES’ RETIREMENT SYSTEM May 21, 2020 at 12:00PM “With Executive Order 2020-4, Governor Whitmer declared a statewide state of emergency due to the spread of the novel coronavirus (COVID-19). This is a new strain of coronavirus that had not been previously identified in humans, can easily spread from person to person, and can result in serious illness or death. To mitigate the spread of COVID-19 and to provide essential protections to vulnerable Michiganders and this state’s health care system and other critical infrastructure, it is crucial that all Michiganders take steps to limit in-person contact, particularly in the context of large groups. Therefore, this meeting will be conducted via conference call.” In order to dial in, any mobile or stationary telephone system will work. To accomplish accessing the conference call, use the “External Dial-In” number and wait for the prompt to dial in the “Pin Code”, both listed directly below. External Dial-In: 586-446-2663 (586-446-CONF) Internal Dial-In: 2663 (CONF) PIN Code: 4462783 (586) 446-2783 CALL TO ORDER ROLL CALL APPROVAL OF AGENDA APPROVAL OF MINUTES - Regular Meeting of April 16, 2020 COMMUNICATION FROM CITIZENS To communicate your concerns or comments on the meeting, please speak when this line item is reviewed or during general discussion as thoughts and feedback arise. The City of Sterling Heights will provide necessary reasonable auxiliary aids and services to individuals with disabilities at the meeting upon 7 days’ notice to the Community Relations Department at 446-CITY. P:\Ryan\PENSION\GERS MEETING FILES\Agendas\20.05\20.05 Agenda.docx 1 REPORT FROM LEGAL COUNSEL CONSENT AGENDA - Consent Items I.A through I.D2 I. RECEIVE AND FILE: A. Benefit Register listing for end of month May 2020 from Comerica Bank B. Cash and Assets Statement as of the end of month May 2020 from Comerica Bank and Morgan Stanley C. Correspondence items listed here: Item Date Communication 1 Mar 26, 2020 MS | SUPPLEMENTAL TO SUMMARY PROSPECTUS 2 Apr 03, 2020 MS | SUMMARY PROSPECTUS 3 Apr 04, 2020 MS | UPDATES TO SELECT UMA ACCOUNT 4 Apr 04, 2020 MS | TRADE CONFIRM 5 Apr 06, 2020 CAUSEWAY FORM ADV PART 2 6 Apr 15, 2020 RGRD LLP | AB INBEV LITIGATION REPORT 7 Apr 17, 2020 MS | TRADE CONFIRM 8 Apr 18, 2020 MS | TRADE CONFIRM 9 Apr 21, 2020 PRINCIPAL FORM ADV PART 2 10 Apr 22, 2020 TO MS | XFER SKIP MONTH 11 Apr 23, 2020 JOHN HANCOCK FORM ADV PART 2 12 Apr 24, 2020 MS | ASSET PURCHASE AGREEMENT 13 Apr 27, 2020 JANUS HENDERSON FORM ADV PART 2 14 Apr 29, 2020 MS | CONFIRMATION OF INSTRUCTIONS 15 Apr 30, 2020 MS | CONFIRMATION OF INSTRUCTIONS 16 Apr 30, 2020 WCM FORM ADV PART 2 17 Apr 30, 2020 LAZARD FORM ADV PART 2 18 Apr 30, 2020 MFS FORM ADV PART 2 19 May 01, 2020 MS | TRADE CONFIRMS 20 May 01, 2020 BOYD WATTERSON FORM ADV PART 2 21 May 02, 2020 MS | TRADE CONFIRMS 22 May 05, 2020 MS | TRADE CONFIRMS 23 May 06, 2020 MS | TRADE CONFIRMS 24 May 08, 2020 MS | TRADE CONFIRMS 25 May 09, 2020 MS U.S. GOVERNMENT MONEY MARKET TRUST P:\Ryan\PENSION\GERS MEETING FILES\Agendas\20.05\20.05 Agenda.docx 2  Item Date Communication Cont'd 26 May 09, 2020 MORGAN STANLEY INSTITUTIONAL LIQUIDITY 27 May 09, 2020 MS | TRADE CONFIRMS 28 May 12, 2020 MS | TRADE CONFIRMS 29 May 13, 2020 MS | TRADE CONFIRMS 30 May 15, 2020 MS | TRADE CONFIRMS 31 May 16, 2020 MS | TRADE CONFIRMS D. Approval items 1 Payable from City Assets for the service period: $ 4,948.15 Comerica - Bank fees $4,948.15 GRS - Actuarial fees VMT - Legal service fees 2 Payable from Fund Assets for the service period: $ 110,000.28 MS Consolidated – monthly mgr fees $17,334.79 MS Consolidated – quarterly advisory fees $73,229.20 Boyd Watterson – quarterly mgr fees $4,500.00 WCM – quarterly mgr fees $14,936.29 REGULAR AGENDA II. OLD BUSINESS A. Reactivate annual survey non-respondent – Dan Janusch, Survivor Retiree B. One-Time $500 Payment for Sterling Heights Police Clerical Association Retirees III. NEW BUSINESS A. Change in Retiree Status – Louise Winter, Deceased B. Change in Retiree Status – Lois Theisen, Deceased C. Change in Retiree Status – Mike Crimmins, Divorced DRO D. Quarterly Review - Morgan Stanley, The Brice Group E. Pension Administration Comments F. Trustee Comments ADJOURN P:\Ryan\PENSION\GERS MEETING FILES\Agendas\20.05\20.05 Agenda.docx 3