MOTION: 2024-15 MOTION TO ADJOURN
Meeting Date: March 05, 2024
MOTION: 2024-14 SECURITIES LITIGATION COMMITTEE WORK PLAN
Meeting Date: March 05, 2024
RESOLVED: That the State Employees’ Retirement Board accepts the recommendation of the Securities Litigation Committee to approve the Securities Litigation Committee Work Plan as set forth in the attachment (ATTACHMENT G).
MOTION: 2024-13 AUDIT, RISK, AND COMPLIANCE COMMITTEE WORK PLAN
Meeting Date: March 05, 2024
RESOLVED: That the State Employees’ Retirement Board accepts the recommendation of the Audit, Risk, and Compliance Committee to approve the Audit, Risk, and Compliance Committee Work Plan as set forth in the attachment (ATTACHMENT F).
MOTION: 2024-12 SALARY INCREASE FOR SERS’ CHIEF INVESTMENT OFFICER
Meeting Date: March 05, 2024
RESOLVED: That the State Employees’ Retirement Board accepts the recommendation of the Board Governance and Personnel Committee to approve a pay increase to $198.41 an hour for James Nolan, Chief Investment Officer SERS, to be effective the first full pay period of March 2024.
MOTION: 2024-11 BOARD GOVERNANCE AND PERSONNEL COMMITTEE WORK PLAN
Meeting Date: March 05, 2024
RESOLVED: That the State Employees’ Retirement Board accepts the recommendation of the Board Governance and Personnel Committee to approve the 2024 Board Governance and Personnel Committee Work Plan, as set forth in BoardDocs at Agenda Item 6.b. (ATTACHMENT E).
MOTION: 2024-10 BOARD FIDUCIARY REVIEW POLICY
Meeting Date: March 05, 2024
RESOLVED: That the State Employees’ Retirement Board accepts the recommendation of the Board Governance and Personnel Committee to approve the delegation of the board’s responsibility for administering the Board Fiduciary Review Policy to the Board Governance and Personnel Committee and approve the existing draft policy containing a delegation of authority (ATTACHMENT D).
MOTION: 2024-09 FINANCE AND MEMBER & PARTICIPANT SERVICES COMMITTEE WORK PLAN
Meeting Date: March 05, 2024
RESOLVED: That the State Employees’ Retirement Board accepts the recommendation of the Finance and Member & Participant Services Committee to approve the Finance and Member & Participant Services Committee Work Plan as set forth in the attachment (ATTACHMENT C).
MOTION: 2024-08 DCP STABLE VALUE FUND GUIDELINES
Meeting Date: March 05, 2024
RESOLVED: That the State Employees’ Retirement Board accepts the recommendation of the Investment Committee to approve the proposed update to Invesco’s Investment Management Agreement.
MOTION: 2024-07 NOMINAL U.S. TREASURY PORTFOLIO
Meeting Date: March 05, 2024
RESOLVED: That the State Employees’ Retirement Board accepts the recommendation of the Investment Committee to adopt the proposed update to the Fixed Income section of the SERS Defined Benefit Plan’s Investment Policy Statement.
MOTION: 2024-06 CAPITAL MARKETS AND ASSET ALLOCATION OPTIONS
Meeting Date: March 05, 2024
RESOLVED: That the State Employees’ Retirement Board accepts the recommendation of the Investment Committee to adopt the proposal to increase U.S. Equity by 3% while proportionally decreasing Fixed Income and approve the corresponding updates to the SERS Defined Benefit Plan’s Investment Policy Statement.
MOTION: 2024-05 INVESTMENT COMMITTEE CHARTER
Meeting Date: March 05, 2024
RESOLVED: That the State Employees’ Retirement Board accepts the recommendation of the Investment Committee to approve the Investment Committee charter.
MOTION: 2024-04 2024 INVESTMENT COMMITTEE WORK PLAN
Meeting Date: March 05, 2024
RESOLVED: That the State Employees’ Retirement Board accepts the recommendation of the Investment Committee to approve the Investment Committee Work Plan as set forth in the attachment (ATTACHMENT B).
MOTION: 2024-03 COMMITTEE REPORTS/ACTION ITEMS
Meeting Date: March 05, 2024
RESOLVED: That the board approves the Consent Calendar items, as listed, for the March 5, 2024, board meeting.
APPROVAL OF CONSENT CALENDAR
A. Approving Board Meeting Minutes – December 12, 2023
B. Approving Board Meeting Minutes – January 9, 2024
C. Approving Defined Benefit Plan Statement of Changes in Fiduciary Net Position for the Periods
Ending – October 31 and November 30, 2023
D. Approving Deferred Compensation Plan (DCP) Statement of Changes in Net Position Available for Benefits for the Periods Ending – October 31 and November 30, 2023
E. Approving Defined Contribution Plan Statement of Changes in Fiduciary Net Position for the Periods Ending – October 31 and November 30, 2023
MOTION: 2024-02 ADOPTION OF THE AGENDA
Meeting Date: March 05, 2024
RESOLVED: That the board adopts the agenda for the March 5, 2024, board meeting.
MOTION: 2024-01 MOTION TO ADJOURN
Meeting Date: January 9, 2024
RESOLVED:
By motion of Chair Thall, the board unanimously agreed to adjourn the meeting at 9:38 a.m.