Calendar

Pension Committee Special Meeting


October 31, 2024

PENSION COMMITTEE

SPECIAL MEETING

OCTOBER 31, 2024, THURSDAY 9:00 AM

TOWN HALL

 

CALL TO ORDER

 

APPROVAL OF MINUTES OF REGULAR MEETING OF JULY 18

 

REPORT FROM THE OFFICE OF THE SOMERS CFO

  • CASH AVAILABLE FOR BENEFIT PAYMENTS FOR BOTH FUNDS
  • GASB REPORTS FOR FISCAL 23-24
  • PROGRESS ON CHANGES IN THE VFF BENEFIT STRUCTURE

 

 

DISCUSSION OF MORGAN STANLEY RECOMMENDATIONS FOR CHANGES IN THE VFF FUND

 

INVESTMENT REVIEW AND DECISIONS FOR THE TOWN FUND: KEVIN NICHOLS

  • SMALL CAP FUND?
  • WINDING DOWN BOND PERCENTAGE?

 

APPROVAL OF CHANGES IN IPS INVESTMENT POLICY STATEMENT

  • CRYPTOCURRENCIES ADDED TO LIST OF PROSCRIBED INVESEMENTS
  • ADDITION OF “SEPARATELY MANAGED ACCOUNTS” IN THE SECTION ON “FUND MANAGERS”AND UNDER “DIVERSIFICATION”

 

REVIEW OF REPORTS TO EMPLOYEES FOR TOWN PLAN AND FIREFIGHTERS PLAN

 

ADJOURNMENT

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Somers
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