Police & Fire Retirement Board

Board of Trustees Police and Fire Retirement System Act 345 A Pension Plan and Trust Fund 41625 Ryan Rd. Sterling Heights, Michigan 4831 4-3945 John Lamerato VanOverbeke Michaud & Timmony, P.C President Legal Counsel Kelly Burgan Secretary Randall Schwarb SPECIAL MEET1NG tvltN UTES Trustee POLICE AND FIRE RETIREMENT SYSTEM, ACT 345 Robeft Maleszyk MARCH 27,2020 AT 3:00 PM, SPECIAL MEETING Trustee CONFERENCE CALL: CALL-IN INFO: Mary Jaganjac 87 7 -7 7 7 -0154, Passcode 423037 7 # City Treasurer "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." 1. The special meeting of the Police and Fire Retirement System was called to order by John Lamerato at 3:01 pm. Members participated via a conference call- Z. Board Members present: John Lamerato, Kelly Burgan, Randallschwarb, Robert Maleszyk, Mary Jaganjac. Also present: Thomas Michaud; Legal Counsel, Timothy Brice; representing Morgan Sta nley/G raystone Consulting, a nd Kerrie Dzwonkowski; Pension Technician. 3. Motion by Maleszyk, supported by Burgan, to approve the special agenda as presented. Ayes: All' Motion carried. 4. CITIZEN PARTICIPATION There was no citizen participation' 5. FUNDS MANAGEMENT presented a Rebalance of funds Mr. Brice stated that the last few days the market has increased. He as Presented. from Metwest and western to winslow' Motion by Maleszyk, supported by Schwarb, to move funds Janus, and Earnest' AYes: All. The motion carried' 6. ADJOURNMENT MotionSchwarb,supportedbyMaleszyk,toadjournthemeetingat3:05pm. AYes: All' Motion carried' 9(eUgluqan/*d Kelly Burgan Secretary KB/kd