General Employees Retirement Board

AGENDA QUARTERLY MEETING – GENERAL EMPLOYEES’ RETIREMENT SYSTEM September 17, 2020 at 1:30PM Zoom “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 join the Zoom meeting, any mobile or stationary computer system with a camera and internet access will work. To accomplish accessing the call, use the meeting number and wait for the prompt to dial in the passcode, both listed directly below. Join Zoom Meeting https://zoom.us/j/97294389871?pwd=T2FHbHZ6dExQVTlaM21HekdGUi92UT09 Meeting ID: 972 9438 9871 Passcode: 045712 One tap mobile +19292056099,,97294389871#,,,,,,0#,,045712# US CALL TO ORDER ROLL CALL APPROVAL OF AGENDA APPROVAL OF MINUTES - Quarterly Meeting of August 20, 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\20.09\20.09 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 month August 2020 from Comerica Bank B. Cash and Assets Statement for month end August 2020 from Comerica Bank and Morgan Stanley C. Correspondence items listed here: Item Date Communication Cont'd 1 Jul 31, 2020 RGRD LLP | Shareholder class actions 2 Mar 30, 2020 ADV 2A | John Hancock 3 Aug 19, 2020 MS | Fee Revenue Year-End Report 4 Aug 21, 2020 MS | Benefit for Business Retirement Plan 5 Aug 20, 2020 e-MS | Trade confirms 6 Aug 24, 2020 MS | Xfer confirm 7 Aug 28, 2020 e-MS | Trade confirms 8 Aug 28, 2020 e-MS | Boyd Check Disbursement Confirmation 9 Aug 31, 2020 e-MS | WCM Intl Check Disbursement Confirmation 10 Sep 01, 2020 e-MS | Trade confirms 11 Sep 03, 2020 e-MS | e-statements 12 Sep 11, 2020 e-MS | Trade confirms P:\Ryan\PENSION\GERS MEETING FILES\Agendas\20.09\20.09 Agenda.docx 2  D. Approval items 1 Payable from City Assets for the service period: $ 17,880.00 Comerica - Bank fees GRS - Actuarial fees $17,880.00 VMT - Legal service fees 2 Payable from Fund Assets for the service period: $ 18,762.36 MS Consolidated – monthly mgr fees $18,762.36 MS Consolidated – quarterly advisory fees Boyd Watterson – quarterly mgr fees WCM – quarterly mgr fees REGULAR AGENDA II. OLD BUSINESS None A. Service Retirement – Dean Martindale, IT Technician, MAPE Technical Office III. NEW BUSINESS A. Application for Service Retirement for Gail Breyer, Police Clerical, MAP Police Clerical, electing with an effective date of September 25, 2020 B. Application for Service Retirement for Theodore Fell, Account Clerk, MAPE Technical, electing Straight Life with an effective date of October 01, 2020 C. Retiree Status Change - Phyllis Andries (Deceased) D. Pension Administration Comments E. Trustee Comments ADJOURN P:\Ryan\PENSION\GERS MEETING FILES\Agendas\20.09\20.09 Agenda.docx 3