HomeMy WebLinkAbout2017-06-09 NEERB MINUTES•
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NONEMERGENCY EMPLOYEES RETIREMENT PLAN TELEPHONE POLL MEETING
Jun e 9 , 2017
Members : Jim Woodward, Chairperson, Council Appointee
Mahendra Patel, Employee Representative
John Moore, Council Appointee
James Phelps, Council Appointee
Kathleen Rinkel, Director of Finance and Administrative Services
David Henderson, Employee Repre sentative
Steve Yates, Council Member
A telephone poll was complete by the Recording Secretary of the NonEmergency Employees
Retirement Plan Board regard the following :
The following motion was made at the May 9, 2017 NonEmergency Employees Retirement Plan
Board Meeting .
MR. MOORE MADE THE MOTION THAT AFTER CAREFUL ANALYSIS OF THE
EXPENSE REDUCTION ANALYSTS (ERA) REPORT AND EXTENSIVE
CONSULTATION WITH THE BOARD 'S CO-FIDUCIARY ADVISOR INNOVEST
PORTFOLIO SOLUTIONS, THE BOARD IS NOT CHANGING ITS CURRENT
BALANCE BETWEEN ACTIVE AND PASSIVE MANAGEMENT AT THIS TIME OR
MAKING OTHER CHANGES DUE TO ERA'S RECOMMENDATIONS , AND
THEREFORE THE BOARD CONSIDERS THE ERA PROPOSAL TO HA VE BEEN
REJECTED. MR. PATEL SECONDED .
The Board agreed that if the supplement information provided additional information that
was not consistent with the presumed data, the Board would reject the vote or never bring
it off the table.
MR. HENDERSON MOVED TO POSTPONE THE MOTION TO THE NEXT MEETING.
MR. MOORE SECONDED.
Ayes: Phelps, Henderson , Moore, Patel, Rinkel, Woodward
Nays: None
Absent: Yates
The motion carried .
The Board was asked to vote on the motion .
Ayes:
Nays:
Ab sent:
The motion carried.
Henderson, Moore , Patel, Phelps,
None
Woodward, Rinkel, Yates
Members not responding to the vote by the deadline are listed as ab sent.
Carol Wescoat
Recording Secretary