General Employees Retirement Board

AGENDA QUARTERLY MEETING – GENERAL EMPLOYEES’ RETIREMENT SYSTEM November 19, 2020 at 1:00PM 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/93506946226?pwd=UENtL3RsUXc2allwRDBpaFo0M1o4QT09 Meeting ID: 935 0694 6226 Passcode: 045712 One tap mobile +19292056099,,93506946226#,,,,,,0#,,045712# US (New York) CALL TO ORDER ROLL CALL APPROVAL OF AGENDA APPROVAL OF MINUTES - Quarterly Meeting of October 15, 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. T:\PENSION\GERS\GERS MEETING FILES\Agendas\2021 1Fiscal\20.11\20.11 Agenda.docx REPORT FROM LEGAL COUNSEL CONSENT AGENDA - Consent Items I.A through I.D2 I. RECEIVE AND FILE: A. Benefit Register listing for month October 2020 from Comerica Bank B. Cash and Assets Statement for month end October 2020 from Comerica Bank and Morgan Stanley C. Correspondence items listed here: Item Date Communication Cont'd 1 Oct 20, 2020 e-MS | Clearbridge Advisory Account Change Confirm 2 Oct 23, 2020 MS | Xfer confirm 3 Oct 29, 2020 e-MS | Trade confirms 4 Oct 31, 2020 e-MS | Trade confirms 5 Nov 02, 2020 e-MS | Trade confirms 6 Nov 07, 2020 e-MS | Trade confirms 7 Nov 16, 2020 VMT Law | Citigroup sec litigation D. Approval items 1 Payable from City Assets for the service period: $ 17,387.45 Comerica - Bank fees $4,912.15 GRS - Actuarial fees VMT - Legal service fees $12,475.30 2 Payable from Fund Assets for the service period: $ 111,943.65 MS Consolidated – monthly mgr fees MS Consolidated – quarterly advisory fees $87,339.57 Boyd Watterson – quarterly mgr fees $4,222.00 WCM – quarterly mgr fees $20,382.08 T:\PENSION\GERS\GERS MEETING FILES\Agendas\2021 2Fiscal\20.11\20.11 Agenda.docx REGULAR AGENDA II. OLD BUSINESS None III. NEW BUSINESS A. Survivor Retiree Status Change – Audrey Hammond (Deceased) B. Survivor Retiree Status Change – Jeanne Blaskowski (Deceased) C. Pension Administration Comments a. QEBA Schedules D. Quarterly Market Review – Morgan Stanley, The Brice Group E. Trustee Comments ADJOURN T:\PENSION\GERS\GERS MEETING FILES\Agendas\2021 3Fiscal\20.11\20.11 Agenda.docx