Firefighters' Retirement System Board of Trustees public meetings in 2024
12 substantive meetings from 2024, with official agendas or minutes and plain-English summaries.
Firefighters' Retirement System Board of Trustees
The FRS Board of Trustees will review and act on the 2023-24 audited financial statement, employer pension report, and actuarial funding valuation as of June 30, 2024. They will also consider amendments to the 2023-24 operating budget, investment performance results, and proposed board policies on retiree elections and surviving child definitions. The board may enter executive session for privileged communications and for discussion of disability and health matters.
- Adoption of 2023-24 Audited Annual Financial Statement and CEO compensation schedule
- Adoption of Actuarial Funding Valuation as of June 30, 2024, and annual valuation rate
- Approval of amendments to the 2023-2024 FRS operating budget
- Investment committee report: monthly performance, global equity manager search, and RFQ for securities litigation monitoring firm
- Proposed board policies on retiree representative election process and definition of surviving eligible child
Firefighters' Retirement System Board of Trustees
The Firefighters' Retirement System Board of Trustees will decide on the actuarial valuation as of June 30, 2024, and the proposed 2025 Experience Study. The board will also review investment performance and membership applications for new retirees and survivors.
- Actuarial Valuation as of June 30, 2024, and annual Valuation Rate
- Proposed 2025 Experience Study
- Hightower Holding majority acquisition of NEPC
- Adoption of new members, retirees, and survivor applicants
- Budget to Actual Comparison for 07/01/24 to 09/30/24
Firefighters' Retirement System Board of Trustees
The Firefighters' Retirement System Board of Trustees will discuss and take action on the adoption of new members, retirees, and disability applicants. They will also review the system's investment performance for September 2024 and a related SEC administrative proceeding. The board may enter executive session for discussions on health and disability matters.
- Review and adoption of new members, retirees, survivor applicants, and disability applicants
- Discussion and action on FRS investment performance for September 2024
- Discussion and action on NEPC's SEC administrative proceeding
- Discussion and action on implementation of Pension Pro benefit administration software
Firefighters' Retirement System Board of Trustees
The Firefighters' Retirement System Board of Trustees will discuss and act on investment committee reports including monthly performance results, a request for proposals for an equity fund manager, and a passive manager search. They will also consider adoption of new members, retirees, and disability applicants, as well as updates on the Pension Pro benefits administration software.
- Review of FRS monthly investment performance results for August 2024
- RFP for Global Equity Fund Manager search
- Passive manager search
- Request for Qualifications for Securities Litigation Portfolio Monitoring Firm
- Discussion on implementation of Pension Pro benefit administration software
Firefighters' Retirement System Board of Trustees
The Board of Trustees will review July 2024 investment performance and discuss active and passive investment management. The body will also consider updates to employee leave policies and the status of Pension Pro software implementation.
- Review and adoption of new members, retirees, and survivor applicants
- Discussion of July 2024 monthly investment performance results
- Review of Employee Annual and Sick Leave Policy No. 09281983(b)
- Review of Family Leave and Family Leave Without Pay Policy No. 01142016
- Status update on Pension Pro benefit administration software
Firefighters' Retirement System Board of Trustees
The Firefighters' Retirement System Board of Trustees will meet to review applications for new members, retirees, survivors, and disability benefits. The board will also discuss recent Louisiana legislative changes regarding DROP accounts and review June 2024 investment performance.
- Review and adoption of new member, retiree, survivor, and disability applicants
- Discussion of 2024 Louisiana Regular Legislative Session impacts on DROP accounts
- Review of monthly investment performance results for June 2024
- Discussion regarding implementation status of Pension Pro benefit administration software
- Review of FRS portfolio liquidity, cash balance, and check register reports
Firefighters' Retirement System Board of Trustees
The Firefighters' Retirement System Board of Trustees will discuss and potentially adopt the operating budget for fiscal year 2024-25, review investment performance, and consider policy changes including procurement, travel, and direct deposit requirements. The board will also review the impact of the 2024 Regular Legislative Session on the system. Routine items include approval of minutes and new member/retiree applications.
- Discussion and action on FRS-LB, LLC budget for FYE 24-25
- Review of monthly investment performance results for May 2024
- Discussion on tax recovery services
- Review of personnel committee report on career retention and evaluation process
- Policy changes: procurement, capitalization, travel, direct deposit, minimum distribution
Firefighters' Retirement System Board of Trustees
The Firefighters' Retirement System Board of Trustees will meet to approve minutes, consider new members and retirees, review investment performance and policy updates, discuss a real estate fund recommendation and rebalancing proposal, examine budget-to-actual expenditures, and consider legislation affecting the system. The board may also enter executive session for privileged communications and health-related matters.
- Review and adoption of applicants: new members, retirees, survivors, and disability applicants
- Discussion and action on securities litigation and related matters
- Investment performance results for April 2024 and investment policy statement update
- ASB Allegiance Real Estate Fund recommendation memo and rebalancing proposal
- FRS operating budget for FY 2024-25 (item laid over for 30 days)
Firefighters' Retirement System Board of Trustees
The Firefighters' Retirement System Board of Trustees will meet to approve minutes from March 14, 2024, and consider new members, retirees, survivor and disability applicants. They will review March 2024 investment performance and the annual asset allocation update. A personnel committee report on career retention and salary study will be discussed, along with legislation affecting the system. No old business is on the agenda.
- Approval of minutes from March 14, 2024
- Adoption of new members, retirees, survivor and disability applicants
- Review of March 2024 investment performance and 2024 asset allocation update
- Discussion of career retention and salary study (personnel committee report)
- Discussion of 2024 regular session legislation impacting FRS
Firefighters' Retirement System Board of Trustees
The Firefighters' Retirement System Board of Trustees will review membership applications and investment performance. The board is deciding on employer contribution rates for the upcoming fiscal year and the transition to a new custodian bank.
- Discussion and action on FRS employer contribution rate for the upcoming fiscal year
- Transition to new custodian bank, Northern Trust, Bank
- Review of new members, retirees, survivor applicants, and disability applicants
- Discussion of lawsuit Boyles v. Commonwealth Advisors et al, Case No. 10-854
- Review of 2023 Actuarial Valuation Standards of Practice Disclosure Compliance Review
Firefighters' Retirement System Board of Trustees
The Firefighters' Retirement System Board of Trustees meets on February 6, 2024, at 3100 Brentwood Drive, Baton Rouge. The board will discuss and act on new member and retiree applications, investment performance for January 2024, the 2024 asset allocation plan, second-quarter financial statements, budget comparisons, an audit RFP finalist, and potential legislation affecting the system. A joint meeting of the FRS LLC advisory committees is also scheduled.
- Review and adoption of new members, retirees, and disability applicants
- Discussion and action on FRS's monthly investment performance for January 2024
- Discussion and action on 2024 annual asset allocation education and update
- Discussion and action on second-quarter FY 2023-2024 financial statements and budget
- Discussion and action on legislation for the 2024 regular legislative session
Firefighters' Retirement System Board of Trustees
The Firefighters' Retirement System Board of Trustees will discuss and take action on several key items, including the adoption of new members and retirees, a pension administration software conversion, the new executive director's contract, and fiduciary insurance. The board will also review the employer pension report for the year ended June 30, 2023, and consider legislation for the 2024 session that may affect the system.
- Discussion and action on new Executive Director's contract (Item 13)
- Review and adoption of new members, retirees, and survivor applicants (Item 6)
- Discussion and action on pension administration software conversion (Item 11)
- Discussion and action on fiduciary insurance policy and coverage (Item 14)
- Discussion and action on Act 393 of 2023 regarding remote access for disabled trustees (Item 15)