Alabama Open Meetings Act - Notice Details

Posted-By: Alabama Employees Retirement System
Meeting-Date: 6/11/2024 Meeting-Time: 10:00 AM	Notice History: Submitted on 4/30/2024 11:01:14 AM Revised on 6/5/2024 12:27:49 PM
Meeting-Location: 201 South Union Street 8th Floor Board Room Montgomery, AL 36104 Phone-Number:334-517-7100 Meeting-Type:regular Submission-datetime:6/5/2024 12:27:49 PM
Notice: Quarterly Meeting can be viewed at rsalive.org I. Call to Order/Roll Call – Jim Fibbe II. Approval of Agenda – Jim Fibbe III. Approval of March 12, 2024 Meeting Minutes – Jim Fibbe IV. Report of Investment Committee by the Secretary-Treasurer – David G. Bronner A. ERS Summary of Investment Portfolio as of 3/31/2024 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 B. JRF Summary of Investment Portfolio as of 3/31/2024 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. Report of Secretary-Treasurer as of 3/31/2024 – David G. Bronner A. ERS Report 1. Balance Sheet 2. Statement of Revenues, Expenses and Changes in Reserves and Fund Balance 3. Trends of Certain Key Data 4. Historical Highlights 5. Budget Report and FY2025 Operations Plan B. JRF Report 1. Balance Sheet 2. Statement of Revenues, Expenses and Changes in Reserves and Fund Balance 3. Trends of Certain Key Data 4. Historical Highlights 5. Budget Report and FY2025 Operations Plan VI. Approval of Annual Retirement Allowances – David G. Bronner A. ERS Annual Retirement Allowances B. JRF Annual Retirement Allowances VII. Administrative Information Update – David G. Bronner A. Litigation B. Clerks’ & Registers’ Supernumerary Fund C. Real Estate 1. Current Major Construction: Revenue Dept.; State House; Housing - Opelika, Grand 2. Office Buildings – Montgomery, Mobile, NYC; Hotels; RTJ; IPIC 3. Sale of Some CNHI Real Estate VIII. Report on the Actuarial Valuation of the ERS/JRF - Cavanaugh MacDonald Consulting IX. Legislative Update – Neah Scott X. Investment Performance – Marc Green XI. Election of Two-Year Term for ERS Investment Committee 50 Position #2 to be effective July 1, 2024 - Incumbent David Colston XII. Adoption of Resolution to Transfer Title of Securities – David G. Bronner 251 XIII. Adoption of Formal Resolution of Signatures – Diane Scott XIV. 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 B. Re-enrollments XV. Election Update – Jo Moore XVI. Other Business XVII. Adjourn – Jim Fibbe *Vote Required