November 15, 2021 Police and Fire Pension Board Regular Meeting Agenda

 

Posted: November 10, 2021

 

CITY OF EAST PROVIDENCE FIREMEN’S & POLICEMEN’S RETIREMENT PENSION FUND DOCKET

 

A regular quarterly meeting of the Firemen’s and Policemen’s Retirement Pension Fund Board of Trustees will be held on Monday, the 15th of November 2021 in Council Chambers at City Hall, 145 Taunton Avenue, East Providence, RI 02914 at 3:00 p.m.

 

Trustees:   

            Lt. Jeffrey Wyrostek, Chairman, Fire Representative

            Capt. James Nelson, Vice Chairman, Police Representative

            John C. Neale, Retiree Representative

            John F. Wallace, Civilian Representative

            Ricardo D. Mourato, Councilman, City Council Representative

            Roberto L. DaSilva, Mayor

            Malcolm Moore, Director of Finance, Administrator

 

Other Attendees:    

     Michael J. Marcello, City Solicitor

     Michael Dwyer, Wainwright Investment Counsel, LLC

     Kim Brown, Pension Clerk

 

           

AGENDA

 

Swearing in Lt. Wyrostek as new Chairman, swearing in Capt. Nelson as new Vice Chairman

 

I           Call to Order

    

                                Wyrostek ____ Nelson_____ Neale ____Wallace ____Mourato ____ DaSilva______Moore____

 

II         Board Communications

 

Lt. Jeffrey Wyrostek to speak

 

III        Presentation by Entrust

 

Entrust has a new investment opportunity they will present to the Board.  The Board may vote whether or not to invest. 

 

Motion: By_____2nd_____

Wyrostek ____ Nelson_____ Neale ____Wallace ____Mourato ____ DaSilva______Moore____

 

 

IV        Presentation by Wainwright Investments LLC

 

Michael Dwyer will be here from the pension investment counsel firm to review the September 2021 Performance Report.

 

Recommendations / Cash Flow for invoices

 

Motion: By_____2nd_____

Wyrostek ____ Nelson_____ Neale ____Wallace ____Mourato ____ DaSilva______Moore____

 

 

                        Accepting Handouts into Record

 

Motion: By_____2nd_____

Wyrostek ____ Nelson_____ Neale ____Wallace ____Mourato ____ DaSilva______Moore____

 

 

V         To Approve the Consent Calendar

 

All items under “Consent Calendar” are considered to be of a routine and noncontroversial nature by the Board and will be enacted by one motion.  There will be no separate discussion on these items unless a Board member so requests, in which event, the item will be removed from the “Consent Calendar” and will be considered in its normal sequence on the docket.

 

Pension meeting journal for August 30, 2021

COLA listing for September, October and November 2021

Barings Invoice 3rd Qtr.

City of East Providence Invoice Annual 2021

IR+M Invoice 2nd Qtr.

Invesco Invoice 3rd Qtr.

Nyhart Invoices August, October and October 2021

Wainwright Investment Counsel, LLC 3rd Qtr.

Wells Fargo Fee Advise 3rd Qtr.

Trade Authorizations for Vanguard Small Cap (2)

Capital Call for TA Realty - The Realty Associates Fund XII UTP, LP

Capital Call for HarbourVest - Dover Street X L.P.

Capital Call for Lexington Capital Partners IX, L.P.

Capital Call for CITCO - Entrust Global Recovery Fund LP

Cash Distribution notice from Dover Street X L.P.

Invesco Monthly Account Statement for August, September, and October 2021

Principal U.S. Property 3rd Qtr. 2021 Flash Report

 

Motion: By_____2nd_____

Wyrostek ____ Nelson_____ Neale ____Wallace ____Mourato ____ DaSilva______Moore____

                        

 

VI        Vote to set the regular quarterly meeting dates for calendar year 2022

     

Motion: By_____2nd_____

Wyrostek ____ Nelson_____ Neale ____Wallace ____Mourato ____ DaSilva______Moore____

 

 

VII      Discussion/Vote regarding editing the wording of Ordinance 11-252 originally presented as 11-253 in September 2018 titled Death of a retired participant

     

Motion: By_____2nd_____

Wyrostek ____ Nelson_____ Neale ____Wallace ____Mourato ____ DaSilva______Moore____

 

 

VIII     Discussion/Vote regarding a Military Buyback policy

     

Motion: By_____2nd_____

Wyrostek ____ Nelson_____ Neale ____Wallace ____Mourato ____ DaSilva______Moore____

 

IX        Adjournment

 

Motion: By_____2nd_____

Wyrostek ____ Nelson_____ Neale ____Wallace ____Mourato ____ DaSilva______Moore____

  

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