Firefighters' Retirement System Board of Trustees public meetings in 2021
13 substantive meetings from 2021, with official agendas or minutes and plain-English summaries.
Firefighters' Retirement System Board of Trustees
The Firefighters' Retirement System Board of Trustees will meet on December 9, 2021, to discuss and act on the 2020-21 annual financial statement, amendments to the 2021-22 operating budget, and an investment committee report. The board will also consider legislation for the upcoming legislative session and a report required by HR166. Public attendance is allowed in person or via Zoom.
- Discussion and action on 2020-21 FRS Annual Financial Statement and CEO compensation schedule
- Discussion and action on amendments to 2021-22 FRS operating budget
- Investment Committee Report including presentations by Orleans Capital Management and NEPC, and modifications to investment vehicle structure for AEW Core Real Estate Fund
- Discussion and action on legislation proposed for the 2021 regular legislative session
- Discussion and action on HR166 requiring a study committee report to the House of Representatives
Firefighters' Retirement System Board of Trustees
The Firefighters' Retirement System Board of Trustees will meet to decide on the annual valuation rate and the June 30, 2020 actuarial valuation. The board will also discuss investment performance for October 2021 and a proposed change to investment guidelines for Fisher Investments.
- Approval of annual FRS valuation rate
- FRS Actuarial Valuation as of June 30, 2020
- Proposed change to investment guidelines for Fisher Investments
- Lawsuit: Firefighters Retirement System v. Joseph R. Greco, Jr. et al. (Civil Action No. C641387)
- Discussion of HR166 report for the House of Representatives
Firefighters' Retirement System Board of Trustees
The Board of Trustees is meeting to discuss investment performance, insurance coverage, and the annual valuation rate. The body will also review disability and retirement applications and address a lawsuit involving Joseph R. Greco, Jr.
- Proposed investment guideline changes for Fisher Investments
- Liquidation and rebalancing proposal for AQR
- Approval of the annual FRS valuation rate
- Lawsuit: Firefighters Retirement System v. Joseph R. Greco, Jr. et al.
- Formation of a study committee for HR166 to report to the House of Representatives
Firefighters' Retirement System Board of Trustees
The meeting scheduled for September 9, 2021, was cancelled.
Firefighters' Retirement System Board of Trustees
The Firefighters' Retirement System Board of Trustees will discuss and take action on two lawsuits (Dunn v. City of Kenner and FRS v. Greco), review investment performance and Fund of One manager selection, consider the FY2021-2022 operating budget for FRS limited liability corporations, and discuss an actuarial audit and benefit structure study. The meeting also includes approval of disability applicants and other routine matters.
- Discussion and action on lawsuits Dunn v. City of Kenner and FRS v. Greco
- Presentation by NEPC on Fund of One manager due diligence and finalists
- Review of FRS monthly investment performance results for July 2021
- Discussion and action on FY2021-2022 operating budget for FRS-LB, FRS-LB#1, FRS-LB#3, and FRS-GA
- Discussion and action on actuarial audit and study of FRS benefit structure
Firefighters' Retirement System Board of Trustees
The Firefighters' Retirement System Board of Trustees will meet at the DoubleTree Hotel to review May and June 2021 investment results. The agenda includes discussions on private equity strategies, potential amendments to the Investment Policy Statement, and the formation of a study committee required by HR166.
- Review of monthly investment performance results for May and June 2021
- Presentation regarding Fund of One diligence questionnaire and manager finalists
- Discussion on proposed amendments to the FRS Investment Policy Statement
- Discussion regarding the formation of an FRS study committee per HR166
- Review of disability, retirement, and survivor applicants
Firefighters' Retirement System Board of Trustees
The Firefighters' Retirement System Board of Trustees will review May 2021 investment results and consider the 2021-2022 operating budget. The board will also address disability applications, retirement recertifications, and proposed policy regarding suspension while in DROP.
- Discussion and action regarding FRS Operating Budget for fiscal year 2021-2022
- Review of May 2021 monthly investment performance results
- Selection of Fund of One finalist following a presentation by NEPC
- Discussion of proposed policy titled 'Suspension While in DROP'
- Discussion regarding 2021 legislative items including HB29, HB28, and HCR61
Firefighters' Retirement System Board of Trustees
The Firefighters' Retirement System Board of Trustees will discuss monthly investment results, asset allocation rebalancing, and financial statements for the quarter ending March 31, 2021. The board will also review disability applicants and address ongoing litigation.
- Review of April 2021 monthly investment performance results
- Presentation on 2021 asset allocation implementation and rebalancing by NEPC
- Action on disability, retiree, and survivor applications
- Discussion regarding lawsuit FRS, et al. v. Citco Group Limited, et al.
- Review of FRS Budget to Actual expenditure comparison for Q1 2021
Firefighters' Retirement System Board of Trustees
The board will discuss and possibly take action on several lawsuits, including FRS v. Citco Group and others, likely in executive session. They will also review monthly investment performance and receive an asset allocation update from NEPC. A joint meeting of advisory committees will consider the feasibility of a sales agreement for FRS-LB#1. Other items include actuarial services contract, software conversion, policy updates, and prefiled legislation.
- Discussion and action on FRS v. Citco Group lawsuit (Old Business)
- Feasibility of sales agreement for FRS-LB#1 (joint meeting)
- Investment performance results and NEPC asset allocation update (New Business)
- Contract for actuarial services with G.S. Curran & Co. for FY 2021-2022
- Discussion of prefiled legislation including HB29, HB28, HB34, SB21
Firefighters' Retirement System Board of Trustees
The scheduled meeting of the Firefighters' Retirement System Board of Trustees for April 8, 2021, was canceled. The meeting was rescheduled to be held on Thursday, April 15, 2021.
Firefighters' Retirement System Board of Trustees
The Firefighters' Retirement System Board of Trustees will review disability applications, investment performance, and upcoming 2021 legislation. The board will also discuss employer contribution rates for the Red River Fire Protection District and a new payment agreement with Capital One Bank.
- Discussion of increasing employer contribution rates for Red River Fire Protection District
- Review of 2021 legislative proposals including HB29, HB28, HB34, and SB21
- Presentation on 2021 FRS Asset Allocation Update by NEPC
- Discussion of Electric Bill Presentment and Payment Agreement with Capital One Bank
- Notice of investment manager change regarding Boston Partners Global Equity Strategies
Firefighters' Retirement System Board of Trustees
The Board of Trustees will review retirement and disability applications and discuss legal actions involving Cantor Fitzgerald & Co. and Sand Spring Capital III. The board will also consider increasing employer contribution rates for the Red River Fire Protection District and review investment performance and asset allocation for 2021.
- Lawsuits: Joseph N. Broyles v. Cantor Fitzgerald & Co. and In re Sand Spring Capital III
- Employer contribution rates for Red River Fire Protection District
- Pending property sales involving FRS-LB, FRS-LB#1, FRS-LB#3, and FRS-GA
- 2021 Asset Allocation and January 2021 investment performance results
- Proposed legislation for the 2021 regular legislative session
Firefighters' Retirement System Board of Trustees
The board will conduct routine business including electing a fire chief trustee and board officers, approving minutes from December 2020, and reviewing and adopting new members, disability applicants, retirees, and survivor applicants. The board reserves the right to enter executive session for discussion of health-related disability matters.
- Election of Fire Chief Trustee and opening of ballots
- Election of Board Officers
- Review and adoption of new members, disability applicants, new retirees, survivor applicants, disability recertifications, and conversions
- Discussion and action on minutes from December 10, 2020 board meeting
- Certification pursuant to LA R.S. 42:17.1