Meeting and tim is takes the place of brian. We welcome him and really welcome because we are now in a full force on the board and the testy subject of quorum is addressed. Also, we are going to make some changes to the agenda, which ill ajounce after this. Lets do the communications. Madam secretary. We welcome the Public Participation during Public Comment periods. There will be a opportunity for general Public Comment at this meeting after closed session and there will be a opportunity to comment on each discussion or action item on the agenda. Each comment is limited to two minutes. Public comment will be taken both in person and remotely by video or callin. For each item the board will take Public Comment for those in person and then from people attending the meeting remotely. Comments are opportunity to speak during the Public Comment period are available by phone calling 4156550001 access code, 25955089309, pound, pound again. When connected you will hear the meeting discussion but will be muted and in listening mode only. When your item of interest comes up press star 3 to be added to the speaker line. Best practice is call from a quite location, speak clearly and slowly and turn down the tv or radio. City policy and federal and state local law prohibit discriminatory or harassing conduct against City Employees and others during Public Meetings and will not be tolerated. Public comment is permitted only on matters within the jurisdiction of the meeting body. Mr. Heldfond. Thank you. Im going to insert the fact we will be in closed session 45 minutes, at which time well consider the matters at hand. Well go back into open session and when we go back into open session, we will be addressingwe will insert in the planned agenda in your hands, we will movewhich items here . We are going to move the election, the two items for the election of the president and Vice President and then well discuss the schedule for 2024, and then well revert back to the rest of the agenda in order. Hopefully that makes sense. We are going to move intowait a minute. Yeah, we are going to move into open session now. Closed session, sorry. Closed session, correct . Right. Just want to make sure. Okay. Madam secretaryare we going to close . Alright. Im signing in right now, so ill let you know. Madam secretary, will you take the roll call on the motion . Not to disclose . Yes, please. Okay. Are we good . We just did that. Okay. Thank you. We are on item 4, general Public Comment. Right. Please call that item. We will take in personi see no in person Public Comment. Reminder to callers to press star 3 to be added to the queue. Moderator, any callers on the line . Madam secretary, we have no callers on the line. Thank you. Hearing no calls, Public Comment is now closed. Call the next item, please. Wait, letswere going to go back to what i said at the beginning and well start at the item we are going to move 7, 8, and 9 again tillstart at this item that we are goas to the minutes and keep going and when commissioner safai comes in, well come back to 7, 8 and 9. Okay, great. Item 5, action item. Approval of the minutes of may 18, 2023 retirement Board Meeting. Move adoption of the minutes as submitted. Second. Thank you. Madam secretary well do in person Public Comment. There is no in person publicpress star 3 to be added to the queue. Those on hold, continue to wait until the system indicates you have been unmuted. Moderator, do we have any callers . Madam secretary, there are no callers on the line. Thank you. Hearing no calls, Public Comment is now closed. Madam secretary, you want to take a roll call vote on the e motion . Bridgescommissioner driscoll, aye. Commissioner indiscernible commissioner heldfond, aye. Commissioner oconnor, aye. Commissioner thomas, aye. Thank you, we have 6 ayes. Motion passes. Next item, please. Item 6, action item. Consent calendar. I move adoption of consent calendar as submitted. I second it. Moved and seconded. Madam secretary, roll. Well take Public CommentPublic Comment, sorry. There is no in person public and reminder to any callers to press star 3 to be added to the queue. Moderator, any callers . Madam secretary, there are no callers on the line. Thank you. Hearing no calls, Public Comment is now closed. Commissioner bridges. Commissioner driscoll, aye. Commissioner gandhi, aye. Commissioner heldfond, aye. Commissioner oconnor, aye. Commissioner thomas, aye. Thank you. We have 6 ayes, motion passes. Okay. Madam secretary, well call item 10. No item 11 . Yeah. 11. Item 11, action item discussion investment delegation suraand approve staff recommendation. I think we want to do item 10, which is Strategic Plan. Rather then the delegation. Okay. Yeah. Item 10, action item. Review of sfers Strategic Plan. Thank you. Wait a minute. Letssorry. He is coming up, so lets take a pause. Lets take a 5, 10 minute break. indiscernible is that alright . Yeah. Okay. Time certain . He says hes all most here, so lets do time certain atlets do 10 indiscernible commissioner gandhi; present. Commissioner driscoll, present. Commissioner heldfond, present. Commissioner connor, present. Commissioner thomas, present. President safai, present. Commissioner bridges, present. Thank you, we have quorum. Okay. You did consent and all that . Okay. Alrighty. So, action item. We will be doing the election retirement board president. Item 7, action item. Election of retirement board president. Do we need a motion or should we do in person Public Comment or Public Comment first . You can do either way or you can start with discussion. Sure, why dont we open discussion. Anyone want to comment first . Commissioner driscoll. No comment. Ready to make a motion. Anyone want to make a motion . Commissioner driscoll, go ahead. indiscernible go ahead. I nominate commissioner heldfond to be president of the retirement board. Okay. Is there a second . Second. Seconded by commissioner thomas or oconnor. Okay, lets take in person Public Comment first. Seeing none, in person Public Comment is closed. Madam secretary, open the phone lines for Public Comment . Thank you. Callers, if you have not done so, please press star 3 to be added to the queue. For those on hold please continue to wait until the system indicates you are unmuted. Moderator, are there any callers on the line . Madam secretary, there are no callers on the line. Thank you. Hearing no calls, Public Comment is now closed. Okay. Before we take the vote, i want to say a few words. I think this is a done deal, but happy to be handing over the gavel to Vice President heldfond. I think this has been a very beneficial year for the Retirement Fund, put a lot time effort and energy insuring we stabilize the leadership, get the board solidifyed. We have our three amigas, the ceo cio, who i think is a Wonderful Team that has been guiding the ship along with indiscernible and the board for the last year. Good to have all the full complement of commissioners back in person and the team has done a tremendous job. We have been doing a lot of good work, given the really difficult economy and in an environment where there is so much uncertainty to be all most hundred percent funded, which is our primary goal i think has been a testament to the staff and leadership, so i really appreciate the opportunity to have worked with our consultants, our staff, our board and our leadership insuring that we did this. One of my primary goals is bring in a new ceo cio and with did a ballot measure to insure we have more control over that in the uch fooer so dont have to go through the city bureaucracy, in my opinion. We also were smart and thoughtful how we consolidated two positions into one and that question came up at the Budget Committee at the board yesterday. The budget chair asked the question specifically about the salary and what are we doing paying a that much and i was able to say with full confidence, we were thoughtful in the idea taking two positions, merging into one. It is testament to all the good work in the last year. I appreciated the opportunity to be president and happy to support commissioner heldfond and commissioner thomas. That will be in the next motion. Take a moment. I just like to return the comments. [difficulty hearing speaker due to audio quality] one which was not pleasant sometimes and one that seemed stuck in the mud and we hired a consultant to find a new cio indiscernible as ahsha said, we put [audio cutting in and out] elegant solution to a budget problem, but ahsha came onboard indiscernible i dont know, maybe alison, did he seal the deal . indiscernible [laughter] in terms of our constituency and stakeholders and staff. indiscernible he and i guess some could say im a mayoral appointment and hes a supervisor and we come from maybe two sides of the isle indiscernible [audio cutting in and out] [laughter] if i could add on behalf of staff and myself, thank you president safai for your leadership. We have gotten so much accomplished this year through your leadership and with all the Board Members and we couldnt have done it without you u , so thank you. Thank you. Commissioner thomas. I will indiscernible i want to echo what has been said. During my first year on the board, president safai was really helpful in learning the ropes. I think one of the best things about working with you was you are straight shooter and tell me exactly what is going on and you dont embellish it or try to sugar coat it as Something Different so i always appreciated that. The other thing, it is a incredible challenge wearing a lot of hats being the member of the board of sups and on the board and are in leadership and i think good testament to how much productivity happened over the last year is a time management and ability to get things done that we saw, so appreciate the time you put in here. Thank you i appreciate that. And i appreciate all the commissioners that have taken me under their wing. indiscernible shown me guidance along with staff. Thank you very much. We have a motion made by commissioner driscoll, seconded by commissioner thomas. Commissioner heldfond as new retirement board president. Roll call, please. Commissioner bridgescommissioner gandhi, aye. Commissioner driscoll, aye. President safai, aye. Commissioner heldfond, aye. Commissioner oconnor, aye. Commissioner thomas, aye. Thank you, we have 7 ayes. Motion passes. Thank you. I know we can do indiscernible i wanted to get everyone on the record. Thanks. The next item, election of retirement board vise president. Is there a motion on the floor . We have in person Public Comment first. For a motion . Didnt we do it the opposite . We can do either order, it is fine. Lets do the motion and then Public Comment. I move we nominate commissioner thomas for the position of Vice President of the board. Okay. Seconded by oconnor. As long as we know what aj stands for, i support that motion. [laughter] okay, please call Public Comment. Anyone in person that would like to comment on this item . Seeing none, Public Comment is closed. Madam secretary, check if there is any online pub lic comment . Thank you, reminder to callers press star 3 to be added to the queue. Moderator, do we have any callers on the line . Madam secretary, we have one caller on the line. Thank you. Caller, please state your name. Your two minutes begin when you speak. Hello everybody. This is Alfred Sanchez, president of protect our benefits. I tried to get in earlier. First off, i are like to congratulate aj and scott heldfond, great president and Vice President but would be remiss not to mention ahsha. Ahsha, we have gone through a lot in the last couple years and through your leadership, we managed to get the supplemental cola back. That was a real battle. I dont know if it would have happened in todays environment, but one thing i say about the retirement board,b it is the best board in the city. Im a big fan. In fact, one of your Staff Members helped me today on a personal issue i have to give her a shout out, on some pension stuff, so you got a tremendous staff. You all have kudos constantly and keep doing the great work you all do. Thank you. Thank you for your comments. Moderator, are there any further callers . Madam secretary, there are no other callers on the line. Thank you. Hearing no further callers, Public Comment is now closed. We have a motion made by commissioner heldfond, right . And seconded byno, commissioner driscoll, seconded by commissioner oconnor. Roll call vote please. Commissioner bridges, aye. Commissioner gandhi, aye. Commissioner driscoll, aye. President safai, aye. Commissioner heldfond, aye. Commissioner oconnor, aye. Commissioner thomas, aye. Thank you, 7 ayes. Motion passes. Great. Congratulate commissioner thomas as the new Vice President. Please call item number 9. Item 9, action item. Establish schedule for fiscal year 2024 retirement Board Meetings. So, as a reminder last september i believe the board decided to the regularly scheduled meeting through this meeting today to the third thursday of every month starting at 11. Our board policy generally says that the meetings will be held on the second wednesday at 1, so we t up few options for the board to consider with a goal to have quorum to continue with our business, so we can move back to the general principle of what is in the board policy, again which is second wednesday at 1 p. M. But i suggest if we continue with that option to keep the july meeting on the third thursday because we already have a meeting scheduled at that time. If folks need a little more time to adjust we can also delay making the switch to the end of summer and kick that off in september, otherwise we can continue for instance with the schedule we have now, which is the third thursday at 11. If there is anything else that would be more voont convenient for the board, we can consider that. What we like to do at minimum is set up for non standard for the year so the team can plan the schedule, consultant can plan the schedule and most importantly, you can plan your schedules. Commissioner bridges. Yes. To our ceo cio. Given the ic meetings and staff have planning wouldnt it be better for september . I think that would be great. To give us timebeing able to plan out would be helpful. Okay. Anyone else have other comments . More a question. I are know budget considerations is important. I like indiscernible well past that and we can accommodate this and if there needs to be a revisiting of the time then we would have more information and be able to do that. I wanted to hear from other commissioners about something that they are also interested in that option too that pushes this out to september. The problem just so you all know, being oen the Budget Committee and the environment board conflicts wednesdays. Depending upon if the meeting goes late or if we are in budget season, which begins in january and ends two weeks the end of june, we also have budget and appropriations which begins 1 30 wednesday so it would be difficult for me beginning probably next year, so i think it would be better to wait until september if we can. I guesswe can adjust it any time, right . You want to make a decision for the year . [audio cutting in and out] Everyone Wants to go back to wednesdays, then indiscernible i just will say at some point it will be a conflict. If im still on the Budget Committee, which i may or may not. In light of this information, i think option two gives us the flexibility i think in that we could revisit in september if there is a major schedule change. If budget is still an issue. Budget wont be a issue for the rest of the year in the afternoon. indiscernible i would be a little bit late. indiscernible doing what we are doing now until september. I with do too. I like to make a motion to adopt option two in that case. Second. To clarify, because i want to make sure procedural, option 2 says for two months we continue with what we have and revert back to what the boardwednesday meeting, is that what we are discusing, not necessarily revisiting in two months . Thats fine. Eel polk have more information about then. A second opponent point of clarification, if we revert back to second wednesday, now that is 1 oclock. We are meeting now at 11 oclock. We have a delegation discussion which could have input on the need to have closed session so want to make sure you are okay with the 1 oclock start time. I personally prefer 11. I do too. You dont have to go late yeah. 11 start, i also think it is better to end early then to go really late. Would that mean amending option 2 to include 11 a. M. Start time, since it includes the date adjustment . To clarify you dont have to pick one of the options. You can make a motion to have the meetings begin september 11 a. M. You can rephrase the motion any way you want. I have a question, is there a reason whee have to go back to wednesday . Okay. You can ask a question. We are not going back to wednesday. In september. I dont care, im justclarity purposes. Okay. I think it will be alright. Okay. In september, yeah. I make a motion to revert back to board policy with Board Meetings held on second wednesday each month at 11 a. M. Starting in september 2023 and continue in july and august with meetings on the third thursday at 11 a