General Employees Retirement Board

AGENDA QUARTERLY MEETING – GENERAL EMPLOYEES’ RETIREMENT SYSTEM December 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/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 November 19, 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 1 Fiscal\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 November 2020 from Comerica Bank B. Cash and Assets Statement for month end November 2020 from Comerica Bank and Morgan Stanley C. Correspondence items listed here: Item Date Communication Cont'd 1 Nov 19, 2020 e-MS | Trade confirms 2 Nov 23, 2020 e-MS | General Correspondence 3 Nov 24, 2020 e-MS | Trade confirms 4 Nov 24, 2020 e-MS | General Correspondence 5 Nov 25, 2020 e-MS | Trade confirms 6 Nov 26, 2020 e-MS | Trade confirms 7 Dec 01, 2020 e-MS | Trade confirms 8 Dec 03, 2020 e-MS | Statements 9 Dec 10, 2020 e-MS | Trade confirms 10 Dec 11, 2020 e-MS | Trade confirms 11 Dec 15, 2020 e-MS | Trade confirms 12 Sep 29, 2020 RGRD | Litigation Report 13 Sep 25, 2020 RGRD | Portfolio Monitoring Report D. Approval items 1 Payable from City Assets for the service period: $ 4,349.65 Comerica - Bank fees $4,349.65 GRS - Actuarial fees VMT - Legal service fees 2 Payable from Fund Assets for the service period: $ 18,323.91 MS Consolidated – monthly mgr fees $18,323.91 MS Consolidated – quarterly advisory fees Boyd Watterson – quarterly mgr fees WCM – quarterly mgr fees T:\PENSION\GERS\GERS MEETING FILES\Agendas\2021 2 Fiscal\20.11\20.11 Agenda.docx REGULAR AGENDA II. OLD BUSINESS A. Approval for deferred vested benefit - Laura Porter B. Approval for service retirement - Margie Robertson C. Approval for service retirement - Gail Breyer D. Approval for service retirement - Ted Fell III. NEW BUSINESS A. Approval for QDRO - Harold Richmond B. Pension Administrator Comments C. Trustee Comments ADJOURN T:\PENSION\GERS\GERS MEETING FILES\Agendas\2021 3 Fiscal\20.11\20.11 Agenda.docx