February 28, 2022 Police and Fire Pension Board Quarterly Meeting Agenda

Posted: February 24, 2022

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 28th of February 2022 in Council Chambers at City Hall, 145 Taunton Avenue, East Providence, RI 02914 at 3:00 p.m.

Trustees:

Lt. Jeffrey Wyrostek, Acting Chairman, Fire Representative
Capt. James Nelson, Acting 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

I Call to Order

Wyrostek ____ Nelson_____ Neale ____Wallace ____Mourato ____ DaSilva______Moore____

II Vote to appoint Board Chairman and Vice Chairman

Wyrostek ____ Nelson_____ Neale ____Wallace ____Mourato ____ DaSilva______Moore____

III Presentation by Wainwright Investments LLC

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

Recommendations / Cash Flow for invoices if necessary

Motion: By_____2nd_____
Wyrostek ____ Nelson_____ Neale ____Wallace ____Mourato ____ DaSilva______Moore____

Accepting Handouts into Record

Motion: By_____2nd_____
Wyrostek ____ Nelson_____ Neale ____Wallace ____Mourato ____ DaSilva______Moore____

IV 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.

1. Pension meeting journal for November 15, 2021
2. COLA listing for December 2021, January and February 2022
3. Barings Invoice 4th Qtr.
4. IR+M Invoices 3rd and 4th Qtr.
5. Invesco Invoice 4th Qtr.
6. Nyhart Invoices September and November 2021
7. RhumbLine Invoices 3rd and 4th Qtr.
8. Wainwright Investment Counsel, LLC 4th Qtr.
9. Wells Fargo Fee Advise 4th Qtr.
10. Notice from East Providence Firefighters Local No. 850
11. Trade Authorization for Renaissance
12. Trade Authorization for RhumbLine
13. Trade Authorization for Vanguard Ftse All World-Inst
14. Capital Call for CITCO - Entrust Global Recovery Fund LP
15. Capital Call for CITCO - Entrust Global Recovery Fund LP
16. Capital Call for CITCO - Entrust ETG Co-Invest Opportunities Fund LP
17. Capital Call for CITCO - Entrust ETG Co-Invest Opportunities Fund LP
18. Capital Call for HarbourVest - Dover Street X L.P.
19. Capital Call for Lexington Capital Partners IX, L.P.
20. Cash Distribution notice from Lexington Capital Partners IX
21. Invesco Monthly Account Statement for November and December 2021 and January 2022
22. Principal U.S. Property 4th Qtr. 2021 Flash Report
23. The Principal Financial Group Monthly Activity Reports November and December 2021
24. Siguler Guff Unaudited Capital Account Statement

Motion: By_____2nd_____
Wyrostek ____ Nelson_____ Neale ____Wallace ____Mourato ____ DaSilva______Moore____

V Brief update on the changeover to Principal

VI Retiree’s Representative to address the Board

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 Executive Session

The Police and Fire Retirement System of the City of East Providence will meet in Executive Session pursuant to RI General Laws § 42-46-5 (a)(1), § 45-21-2-9 and § 42-46-5 (a)(2)