General Employees Retirement Board

AGENDA QUARTERLY MEETING – GENERAL EMPLOYEES’ RETIREMENT SYSTEM January 21, 2021 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/97418622620?pwd=QVVkN2NWYTZqcmJ4OStSNkFXbms0Zz09 Meeting ID: 974 1862 2620 Passcode: 983505 One tap mobile +13126266799,,97418622620#,,,,*983505# US (Chicago) CALL TO ORDER ROLL CALL APPROVAL OF AGENDA APPROVAL OF MINUTES - Quarterly Meeting of December 17, 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\20.12\20.12 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 December 2020 from Comerica Bank B. Cash and Assets Statement for month end December 2020 from Comerica Bank and Morgan Stanley C. Correspondence items listed here: Item Date Communication Cont'd 1 Dec 22, 2021 e-MS | Clearbridge MS WM Class Action Participation Opt Out 2 Dec 23, 2021 e-MS | Trade confirms 3 Dec 23, 2021 e-MS | General Correspondence 4 Dec 28, 2021 e-MS | General Correspondence 5 Dec 28, 2021 e-MS | XFER CONFIRM 6 Dec 29, 2021 e-MS | Cash Outgoing Wire Transfer Letter 7 Dec 31, 2021 e-MS | Trade confirms 8 Jan 01, 2021 e-MS | Trade confirms 9 Jan 01, 2021 e-MS | Statements & Recap of Cash Management Activity 10 Jan 07, 2021 e-MS | Morgan Stanley institutional liquidity annual report 11 Jan 12, 2021 e-MS | Trade confirms D. Approval items 1 Payable from City Assets for the service period: $ 1,680.00 Comerica - Bank fees GRS - Actuarial fees $1,680.00 VMT - Legal service fees 2 Payable from Fund Assets for the service period: $ 19,680.33 MS Consolidated – monthly mgr fees $19,680.33 MS Consolidated – quarterly advisory fees Boyd Watterson – quarterly mgr fees WCM – quarterly mgr fees REGULAR AGENDA T:\PENSION\GERS\GERS MEETING FILES\Agendas\2021 2 Fiscal\20.12\20.12 Agenda.docx  II. OLD BUSINESS - NONE III. NEW BUSINESS A. Retiree Status Change - Robert McMichael (Deceased) B. Retiree Status Change - Janet Poirier (Deceased) C. Pension Administrator Comments D. Trustee Comments ADJOURN T:\PENSION\GERS\GERS MEETING FILES\Agendas\2021 3 Fiscal\20.12\20.12 Agenda.docx