Alabama Open Meetings Act - Notice Details

Posted-By: Alabama Employees Retirement System
Meeting-Date: 6/10/2025 Meeting-Time: 10:00 AM	Notice History: Submitted on 1/24/2025 1:44:44 PM Revised on 5/27/2025 11:40:21 AM
Meeting-Location: 201 South Union Street 8th Floor Board Room MONTGOMERY, AL 36104 Phone-Number:334-517-7100 Meeting-Type:regular Submission-datetime:5/27/2025 11:40:21 AM
Notice: quarterly meeting can be viewed live at rsalive.org I. Call to Order/Roll Call – Jim Fibbe II. Approval of Agenda – Jim Fibbe III. Approval of March 11, 2025 Meeting Minutes – Jim Fibbe IV. ERS Report of Investment Committee by the Secretary-Treasurer – David G. Bronner A. ERS Summary of Investment Portfolio as of 3/31/2025 1. Additional Income from Money Market Securities 2. Additional Income from Covered Call & Put Stock Options 3. Additional Income from Securities Lending Activity 4. Fixed Income Summary V. ERS Report of Secretary-Treasurer as of 3/31/2025 – David G. Bronner A. Balance Sheet B. Statement of Revenues, Expenses and Changes in Reserves and Fund Balance C. Trends of Certain Key Data D. Historical Highlights E. Budget Report and FY2026 Operations Plan VI. ERS Approval of Annual Retirement Allowances – David G. Bronner Judicial Retirement Fund VII. JRF Report of Investment Committee by the Secretary-Treasurer - David G. Bronner A. JRF Summary of Investment Portfolio as of 3/31/2025 1. Additional Income from Money Market Securities 2. Additional Income from Covered Call & Put Stock Options 3. Additional Income from Securities Lending Activity 4. Fixed Income Summary VIII. JRF Report of Secretary-Treasurer as of 3/31/2025 – David G. Bronner A. Balance Sheet B. Statement of Revenues, Expenses and Changes in Reserves and Fund Balance C. Trends of Certain Key Data D. Historical Highlights E. Budget Report and FY2026 Operations Plan IX. JRF Approval of Annual Retirement Allowances – David G. Bronner X. Administrative Information Update – David G. Bronner A. Litigation B. Clerks’ & Registers’ Supernumerary Fund C. Real Estate 1. Current Major Construction: State House; ABC Warehouse; Housing - Opelika, Grand 2. Operating Companies Updates: Montgomery, Mobile, NYC; Hotels; RTJ; CNHI; IPIC XI. Report on the Actuarial Valuation of the ERS/JRF - Cavanaugh MacDonald Consulting XII. Legislative Update – Neah Scott XIII. Investment Performance – Marc Green XIV. Election of Two-Year Term for ERS Vice-Chairperson to be effective July 1, 2025 - Incumbent Jim Fibbe XV. Election of Two-Year Term for ERS Vice-Chairperson Pro Tempore to be effective July 1, 2025 - Incumbent David Harer XVI. Election of Two-Year Term for ERS Investment Committee Position #1 to be effective July 1, 2025 - Incumbent Norris Green XVII. Adoption of Resolution to Transfer Title of Securities – David G. Bronner XVIII. Adoption of Formal Resolution of Signatures – Jo Moore XIX. Approvals – Jo Moore A. Local Units 1. New (none) 2. Election to Provide Tier I Benefits to Tier II Employees Pursuant to Alabama Code §36-27-6.5 (none) B. Re-enrollments XX. Election Update – Jo Moore XXI. Other Business XXII. *Adjourn – Jim Fibbe