Oh, the 429 in cash, how much is equitized . Anna . 250. Working off of your division chart of placements, not counting the fellowship vacancies the box underneath seniorsenior portfolio it says management assistant is that an Investment Officer or what . That title is correct. So thats the classification jay may want to speak to. But that is karens former title and karen is doing work that is akin in most every respect to a security analyst and she does have other duties. Shes not been fulltime in private credit. But the plan is that in the longterm, is that she will be fully dedicated to private credit but that has not been her sole responsibility thus far. Its a personal matter we shouldnt be talking about but i can say she is, bill has indicated, transitioned from the Administration Team and now pretty much predominantly has been through time working with eunice on the investment team. And so this is an interim classification under the citys Civil Service commission. I didnt know a
Institutional is not retail, but yes through other institutional plans and Franklin Templeton offers stable plans through other lanes and lets just say apple has their own 401 k and they could have that as a manager. I got it, thank you. Sure. And in addition, future portfolios launched in september and nearly 5,000 participants invested thus far. For those not familiar with future ready, theyre similar to targeted funds. Theyre designed according to your date of birth. Whereas future ready can be customerrizedcustomized to risk preference. Someone older may prefer a ris different strategy. Millennials are conservative after witnessing their parents financial situation in the 2009 recession. please stand by . It was a great introduction for me, detailed and informative. The type of feedback is very helpful for us and its really good to see where we stand in our participants eyes. And finally on the last comparison slide, i think whats interesting is that you can see more prospects than
Numbed but its the table with all of the numbers, the weights, numbers, dollars. Oh, the 429 in cash, how much is equitized . Anna . 250. Working off of your division chart of placements, not counting the fellowship vacancies the box underneath seniorsenior portfolio it says management assistant is that an Investment Officer or what . That title is correct. So thats the classification jay may want to speak to. But that is karens former title and karen is doing work that is akin in most every respect to a security analyst and she does have other duties. Shes not been fulltime in private credit. But the plan is that in the longterm, is that she will be fully dedicated to private credit but that has not been her sole responsibility thus far. Its a personal matter we shouldnt be talking about but i can say she is, bill has indicated, transitioned from the Administration Team and now pretty much predominantly has been through time working with eunice on the investment team. And so this is a
Whats before us, we can put that to a vote. We can discuss that. But we make the rules, we set the policy. So i would pivot back to you, commissioner or trustee makras. Do you want to amend the language . From what i can hear, it sounds like its a tweak of a few words. I didnt do it from an editing point of view. I would just say, if we go forward with it, i would ask the executive director to bring back how we would implement it. Fair enough. I would like to know how it would be implemented. So would that be, for example, say the Governance Committee was to bring back a separate policy of what constitutes undue influence and to incorporate training so what im what im hearing is that theres a desire to have the executive director talk about or identify how implementation will work. The way that i perceive policies is that its this board that is selfgoverning, and you also govern one another, and to the extent that you are cofiduciaries, and so you are setting the rules that you are the
Done research theres theres burdens in having such programs and definitely administrative work that will be added but despite that we had recommended and the committee has approved bringing to you for approval a loan Program Large items part of the loan program include the only active participant would be eligible for loans a written repayment agreement is required and collateral requirement and under the internal ref reviewing revenue no more than 50 percent of your balance 50,000 for all loans combined ass and the reasonable Interest Rate is required were recommending prime plus one percent and the alongside you must be repaid within 5 years unless the irs they have strict rules if you qualify those are loans can be repaid within 15 years a participant firemens their employment before the term their accelerated and one of the personality to insure repayment no benefits can be paid until the loan is repaid prudential has the capacity to have the plan it was contemplated in the plan wh