Firefighters' Retirement System Board of Trustees public meetings in 2020
13 substantive meetings from 2020, with official agendas or minutes and plain-English summaries.
Firefighters' Retirement System Board of Trustees
The board will discuss and take action on several financial and administrative matters, including the 2019-20 annual financial statement, amendments to the 2020-21 operating budget, and increasing employer contribution rates for Red River Fire Protection District. The investment committee will report on monthly performance, manager presentations, and private equity opportunities. The board will also consider proposed legislation for the 2021 session and adopt rules for public comment.
- Discussion and action on 2019-20 FRS Annual Financial Statement and CEO compensation
- Discussion and action on amendments to 2020-21 FRS operating budget
- Discussion and action on increasing employer contribution rates for Red River Fire Protection District
- Investment Committee Report: presentations by QMA and Rothschild, update on Russell 2500 Index Manager search, offer to purchase LP interests in CCMP Capital Investors III
- Discussion and action on proposed legislation for 2021 regular legislative session
Firefighters' Retirement System Board of Trustees
The Board of Trustees will discuss investment performance, a proposed fee reduction from BoNY, and the FRS Actuarial Valuation as of June 30, 2020. The body will also review disability applications and financial reporting for the first quarter of FY2019-20.
- Review of BoNY proposed fee reduction
- Discussion of FRS Actuarial Valuation as of June 30, 2020
- Review of disability applicants, recertifications, and survivor applicants
- Discussion of FRS Budget to Actual Comparison for 07/01/20 to 06/30/21
- Proposed policy regarding reporting of refunds of accumulated employee contributions
Firefighters' Retirement System Board of Trustees
The scheduled meeting of the Firefighters' Retirement System Board of Trustees for October 8, 2020, has been cancelled. No business will be conducted.
Firefighters' Retirement System Board of Trustees
The Board of Trustees will decide on retirement benefit applications and review investment performance for July and August 2020. The body will also discuss legal actions involving Citco Group Limited and the FIA Leveraged Fund. Additionally, the board will consider updates to employee leave policies and the annual valuation rate.
- Review of lawsuit FRS, et al. v. Citco Group Limited, et al. (Suit No. 3:13-cv-00373-SDD-EWD)
- Discussion of agreement between FRS-LB#1 LLC and Montage Acquisitions LLC
- NEPC proposed contract amendment to reduce consulting fees
- Approval of annual FRS valuation rate
- Review of FRS Budget to Actual Comparison for 07/01/19 to 06/30/20
Firefighters' Retirement System Board of Trustees
The Special Meeting of the Board of Trustees for the Firefighters' Retirement System scheduled for August 25, 2020, was canceled.
Firefighters' Retirement System Board of Trustees
The meeting of the FRS Board of Trustees scheduled for August 13, 2020, was cancelled as of August 12, 2020.
Firefighters' Retirement System Board of Trustees
The Firefighters' Retirement System board will consider an independent portfolio review from Wilshire Associates, discuss a legislative auditor's report on earnable compensation, and review monthly investment performance. The meeting will be held in-person with limited capacity due to COVID-19, with teleconference access available.
- Discussion and action on Wilshire Associates' independent review of FRS portfolio
- Discussion and action on Louisiana Legislative Auditor's report on earnable compensation
- Discussion and action on proposed policies for employee annual/sick leave and part-time employment per Act 154
- Discussion and action on cybersecurity measures
- Review of FRS monthly investment performance for June 2020
Firefighters' Retirement System Board of Trustees
The Firefighters' Retirement System Board of Trustees will discuss the operating budget for fiscal year 2020-2021 and updates to the FRS Investment Policy. The meeting also includes reviews of disability applicants, cybersecurity reports, and recent legislative items.
- Discussion and action regarding FRS Operating Budget for fiscal year 2020-2021
- Review of monthly investment performance results for May 2020
- Update to FRS Investment Policy regarding Asset Allocation
- Discussion of Cybersecurity Gap Analysis Report and Security Recommendations
- Review of disability, retirement, and survivor applicants
Firefighters' Retirement System Board of Trustees
The board will discuss and possibly act on a professional services agreement between FRS-LB#1 LLC and Montage Acquisitions LLC, and a Tenancy in Common Agreement for sale of property to the City of Gainesville, GA. They will also review investment performance for April 2020, asset allocation updates, and financial statements for Q1 2020. The draft 2020-2021 operating budget is presented but will lay over for 30 days per policy. The meeting is held by teleconference due to the governor's proclamation.
- Discussion and action on professional services agreement between FRS-LB#1 LLC and Montage Acquisitions LLC
- Discussion and action on Tenancy in Common Agreement and sale of property to City of Gainesville, GA
- Review of FRS monthly investment performance results for April 2020
- Discussion of 2020 FRS Asset Allocation implementation update and market outlook
- Presentation of FRS 2020-2021 Draft Operating Budget (lays over 30 days)
Firefighters' Retirement System Board of Trustees
The Board of Trustees will meet via teleconference to review March 2020 investment performance and the 2020 Rebalancing Plan. The body will also discuss a cybersecurity gap analysis and a contract for actuarial services for fiscal year 2021.
- Review of G.S. Curran & Co., Ltd. contract for fiscal year 2021 actuarial services
- Discussion of P&N reports on Cybersecurity Gap Analysis and Security Recommendations
- Review of professional services agreement between FRS-LB#1 LLC and Montage Acquisitions LLC
- Discussion of property sale to the City of Gainesville GA
- Review of policy for paying interest on Deferred Retirement Option (DROP) Accounts
Firefighters' Retirement System Board of Trustees
The Firefighters' Retirement System Board of Trustees will discuss and take action on proposed legislative changes for the 2020 regular session, including refund of contributions and rehired retiree benefits. The board will also consider a property sale to the City of Gainesville, GA, and review a cybersecurity gap analysis report. Investment performance and budget reports for the second quarter of FY2019-20 are also on the agenda.
- Discussion and advice on professional services agreement between FRS-LB#1 LLC and Montage Acquisitions LLC
- Discussion and advice on tenancy in common agreement and sale of property to City of Gainesville GA
- Discussion and action on FRS legislation for 2020 session: refund of contributions, opt out, rehired retiree benefits, death benefits
- Discussion and action on P&N cybersecurity gap analysis and security recommendations
- Investment committee report on February 2020 performance, asset allocation update, and third-party portfolio review
Firefighters' Retirement System Board of Trustees
The Board of Trustees is meeting to interview and select an Emerging Market Debt manager and review investment performance. The body will also discuss pending 2020 legislation regarding membership, benefit payments, and contribution refunds.
- Interviews with Ashmore Investment Group, MetLife/Logan Circle Partners L.P., and Wellington Management Company LLP
- Proposed Development Agreement between FRS-GA LLC and City of Gainesville GA
- Professional services agreement between FRS-LB#1 LLC and Montage Acquisitions LLC
- Proposed FRS Policy No. 02132020 regarding actuarial payments for enrollment errors
- Review of preliminary Statement of Fiduciary Net Position for second quarter of FY2019-20
Firefighters' Retirement System Board of Trustees
The Board of Trustees will elect officers and review applications for new members, retirees, and disability applicants. The meeting includes discussions on investment updates, legislative proposals regarding employee contributions, and reports from the Louisiana Legislative Auditor.
- Election of Board Officers
- Review of New Members, Retirees, and Disability Applicants
- Discussion of real estate negotiations in Surprise, Arizona
- Review of Agreed Upon Procedures report from the Louisiana Legislative Auditor
- Discussion of proposed legislation regarding employee contribution refunds and reemployed retiree benefits