And slowly, and turn down your tv or radio. Please note that city policies along with federal, state and local law, prohibit discriminatory or harassing conduct against City Employees and others during Public Meetings and will not be tolerated. Moreover, Public Comment is permitted only on matters within the jurisdiction of this meeting body. We thank you for joining us on. Thank you for before calling the next item and id like to do it later on the agenda. But i do want to have an Opening Statement to make before we go into closed session. And thats for thanking supervisor. So safai, thank you for leaving the house in order and my taking the gavel and appreciate it. Its been great working with you and hopefully i can fill your shoes. I dont know how bigger. So second. Okay lets. Madam secretary, do you want to call the next item, please . Yes item number three, closed session. At this time, we will be moving into closed session. Item three, a Public Employee performance evaluation immediately after closed session three a, we will be moving into closed session. Three b Public Employee performance evaluation and then into closed session. Three investments. We can leave open session at this time. Do we need a motion order to disclose discussions held in closed session . So moved. Not to disclose. To not disclose. All right. Is there a second . Second and seconded and moved and seconded by commissioner thomas all those in favor . Aye. Aye. Okay. Those opposed . Okay. Its been approved. Madam secretary do you want to take in person i have one person or in person Public Comment. We have no in person at the moment. We dont . No. Thats for general Public Comment i believe. Okay. Is there any yes a caller if you havent done so please press pressing star three and those on hold and please wait until you of unmuted. Operator do we have anyone on the line . Madam secretary there are snow calls on the queue. Thank you. Hearing no comments Public Comment is closed. Next item four, general Public Comment. [off mic]. All right. [off mic]. Can you hear me now . All right. I just wanted to protect our benefits. Tim i know i welcome you to being a trustee but i would like come in person and welcome you. We heard nothing good things about you. I mean my only concern in Public Comment right now is as others talk about a public bank you know and the retirement system is for the members exclusively for the members. Thats the way its in the charter and everything and i know it would take to amend the charter to probably get access into that so you would hear about a move like that before i would and i hope you understand not only for myself and im a member and theres a Broad Coalition totally opposed for anybody accessing the retirement system funds and other than that thank you and continue your good work. Thank you. Thank you for your comments. Remind callers to pressing star three to be added to the queue. Moderator do we have any callers on the line . Madam secretary there are no callers in the queue. Thank you. Hearing no further callers Public Comment is now closed. Madam secretary do you want to call the next item. Item 5 action item approval of the minutes of the june 15, 2023 retirement Board Meeting. Move to approve the minutes of the june 15 retirement Board Meeting. Second. Its been moved and second. All those in favor aye . We need Public Comment before a vote. Please go on to Public Comment. We have no in person Public Comment for this item. A reminder to any callers to be pressing star three to be added to the queue. Do we have any callers on the line . Moderator do we have any callers on the line . Madam secretary there are no callers in the queue. Thank you. Hearing no callers Public Comment is now closed. Okay. Madam secretary do you want to call the next item. Item number 6 now we need to vote. We need to vote on the approval of the minutes. Commissioner thomas made the mission and commissioner oconnor seconded. Can you turn off your mic . [off mic]. Is that better . Yeah. Okay. Its been moved and seconded. All those in favor aye . Aye. Those opposed . Nay. The motion passes. Can you call the next item please. Item number 6 action item consent calendar. Is there a motion to approve for the consent calendar. Motion to adopted consent calendar. Second. Okay. Can we call we have snow in person Public Comment on this item. Moderator do we have any callers on the line. Madam secretary there are no callers in the queue. Thank you. Hearing no calls Public Comment is now closed. Okay. Its been moved and seconded. All those in favor aye . Aye. Aye. Those opposed . Motion passes. Do you want to call the next item. Item 7 action recommend president s committees assignments. Okay. We have the assignments on that. Does anybody have any comments or questions . Suggestions . Otherwise this is [inaudible] a vote. I would certainly like the concurrence. Is it everybody good . Is it okay if i make a couple of comments. So were embarking next year on the Committee Meetings and i want to take this opportunity to outline how to move forward with a productive year of Committee Meetings and i will turn this to some of the ground rules but ground rules are outlined in the existing policies which is to say that once the board chairs are determined through this vote sorry the Committee Chairs are determined through this vote i will work with each of them to get a schedule set up for the year. Committee meetings as we have in the policies will be scheduled on a wednesday and i will determine the wednesday with the chair. We will get those on the calendar for the year, and we ask that if some Reason Committee members cant participate we will reach out two weeks in advance and if an individual cant come or an individual cant commit dont have quorum in advance of two weeks we will go ahead and cancel the meeting. That is an effective use of everybodys time. I hope were not canceling meetings but thats the process we will follow. We will also to the extent that the chair of the committee wants to do so if were having trouble getting quorum the chair can reach out to the president or the Vice President if theyre not on the committee and sit in for that session so we can continue and get the Business Done that we need to get done. With respect specifically to the Investment Committee i think we have a real opportunity here. We have a lot of important things that we need to address this year including the asset liability study which requires a lot of deeper discussion and we want to use the Investment Committee to talk about topics like that to do education and talk about investment policy. What were proposing and would like to do is move the annual asset class updates into the Board Meeting and spread them out over the course of the year and were not doing three at once. Its a lot of to absorb and high level topics and use it there and use the ic for discussions the ic will have an Important Role but were going to modify and bring some of the items up to the Board Meeting. Well stated. I just want to [inaudible] everybody that for the next year at least this president is going to be really were going to be efficient in this because weve got a lot to do, and weve over the last year what were doing we had to cancel one meeting i think because of a lack of a quorum. Correct . Maybe two, but that is too many and this is a commitment we all take when we say yes to go whether youre voted on, elected or whether youre appointed its our responsibility and therefore i can only support what what was just said. Thanks for that encouragement for all of us to attend. I can tell you the way to avoid the embarrassment of cans will a meeting is do not call a meeting. Thats one and theres other comments in the written issues and a problem attributed to the year we were changing over and a new ceo and the new cio and the two persons left and no bearing there are meetings called. Its a function of the board to have the meetings even if we have a interim ceo or cio or the deputy too. I will make the commitment if i am chair of the Governance Committee and unfortunate that two of the members arent here today and im not bound to wednesday only if thats the only day of the week we can get a quorum and a productive meeting unless the law says we can only meet on wednesdays. Well, yeah that will be between our cio and myself and whoever the board chair is to discuss that and make accommodation for it. We will get it done. If i may . The objective is ensure that we have regular Committee Meetings so by suggesting that the starting point is wednesday thats something we can generally agree to rather than spending a lot of time to find specific dates that work at a ad hoc basis for members that then get canceled at the last minute so if we need to be flexible we can, but we will begin at the starting point of wednesday. Operative word is need. I understand when people can rely on one date and block it ahead and are involved in other things as well and we had this problem and certain dates are consistently bad for certain people. Im going to poll my other members between the three of us and see if your schedule adaptive since you and team can be here five days a week and what can fit for the Governance Committee and of our actions top the full board and on you and my colleagues on the Governance Committee know how thats plan how i work to have a productiving opposed to no meetings. Thank you. The goal is shared, yes. Okay. I think this doesnt need an action and comments are noted. We need a motion to approve. Sorry . We actually do need all of the Committee Assignments. Okay. Thats noted. All right. Move to approve president s Committee Assignments. Second. All those in favor aye . Aye. Those opposed . President heldfond do we have Public Comment on this item . All right. President heldfond we have one Public Comment in person. [off mic] just a point of clarity if that is the [inaudible] i just want to know so they can help know its the second wednesday or whatever. Thank you for your comments. Reminder to any callers to pressing star three to be add to the queue. Moderator are there any callers on the line . Madam secretary there are no callers on the queue. Thank you. Hearing no callers Public Comment is now closed now were going to take a vote. Before the vote can i make a comment . Yeah. My understanding given how many subcommittees there are many wednesdays maybe used throughout the month to schedule these Committee Meetings. Is that correct . Correct. We left flex to maybe sure it works with schedules and get them on the calendar for the year so theyre established. Thank you. All right. Do i have a motion . I think we did that. Yeah commissioner thomas made the motion and commissioner driscoll seconded it. Did we have the vote . We have to vote. All those in favor . Aye. Those opposed . Thank you. Madam secretary call the next item. Item 8 discussion item Personnel Committee report. President heldfond if you would like to yeah, i am just wondering what is the pleasure of the Board Members. Do you want to eat lunch while were doing this . Yeah. Okay. Everybody doesnt have a problem with that. Okay. Personnel Committee Report [inaudible] covered and for the sake of order here we have met and went over the Actuarial Service director and the ceo cio of performance within input from all Board Members. That was presented to the board officially all the ruts with our adviser. That was presented in closed session, so theres nothing there and i would say parenthetically that we just discussed some issues that will go back to the Personnel Committee as to that process, and for the refinement Going Forward. This is not an action item, correct . Okay. So do you want to call the next item. We have Public Comment and we have no in person Public Comment for this item. Moderator do we have any callers on the line . Madam secretary there are no callers in the queue. Thank you. Hearing no calls Public Comment is now closed. Next item is number nine discussion item. Chief executives report. Thank you. A number of items to go through this afternoon, so first you will notice in the set of materials there is a travel Education Report for the board for the year. Per our policies i am to provide an annual report of the activities which i have included in here. That results to another responsibility they have which is to do a survey every other year Educational Needs assessment, and poll Board Members in terms of their Educational Needs what they want to learn and the modalities of the training and work with the Governance Committee to have a plan and i share that today because you will be receiving through email a survey i put together to get your input. Please dont view the survey one and done. We can certainly have a dialogue but i tried to create a consistent forum for you all to deliver the feedback and have the Governance Committee meeting to work through the needs assessment. You will notice in the materials the calendar and we updated this to include the full fiscal year. I put in a handful of Committee Meetings as place holders,. These are topics we know we have to have on the calendar by policy and process but will add the remaining meetings as we discussed previously. Third, our process for managing board requests. As weve talked in prior discussions with respect to the governance policies requests for work are to come through me and i just wanted to share with all the Board Members here today the process Going Forward for that if i get a question that requires a significant amount of work i may reach back out to the board member that has the question to understand the timing and the prioritization of that and indicate how much time staff it will take so we can work towards addressing the question but prioritize those questions appropriately and certainly for topics that require significant amount of work that would likely come back before the board just wanted again to share that with you to the extent there continue to be questions i may reach out with that process. Next the budget. Weve had a very successful year in getting Critical Resources to support our business. Thank you very much to the Operations Oversight Committee it to the entire board for your support to make that happen. With these resources we will be able to function as a team better. We will be able to serve our members better and move the business forward beard so thank you for your support there. Next on military leave. And talked about this prior and definition to expand service and for the time in the military and that passed and the form to apply is available and has been provided to everyone who has asked for it and the team is working hard on developing a faq for that process. Finally im very pleased to announce that we now officially have wilshire on board and acting as the boards consultant and as long as its okay with policy i wanted to introduceoly and introduce the wilshire team. [off mic]. It records. It doesnt amplify. Sounds good. Well first of all thank you so much. We are thrilled now that we have the contract signed and were really looking forward to work as your suddenly consultant. Its not just me. We brought a team for the first meeting and maybe they can stand up to acknowledge my colleagues present. We thought it was important for our first meeting to show a show of force and show all the people supporting this relationship Going Forward, and you know from meeting to meeting you will see various components of the team attend, but again thank you so much for the opportunity. Were thrilled to be working with you and look forward to a long and fruitful relationship. As are we. And you gave us a good answer by when you brought your team and we were sitting there wondering why all these people were here. I didnt have anything else but i am happy to answer questions. One comment i would really make is thank you and your staff, team for getting that budget done. In these days thats a Monumental Task and well done. So any questions . [off mic]. Not yet. Okay. [off mic]. All right. So any other comments, questions . Mad