HomeMy WebLinkAboutRetirement Committee - Minutes - 10/10/2013General Employees Retirement
Committee
215 N. Mason
2nd Floor
PO Box 580
Fort Collins, CO 80522
970.221.6788
970.221.6782 - fax
fcgov.com
GENERAL EMPLOYEES’ RETIREMENT COMMITTEE
MINUTES
OCTOBER 10, 2013
1:15 TO 3:00 P.M.
215 N. MASON—ROOM 2A
COMMITTEE MEMBERS PRESENT: John Voss, Vice Chair
John Lindsay
Rodney Albers
Jim Lathrop
COMMITTEE MEMBERS ABSENT: Dee Toplyn (excused)
Angelina Sanchez-Sprague (excused)
OTHERS PRESENT: Chris Donegon
Greg Tempel
Harold Hall
Katie Wiggett
Meeting called to order at 1:15 p.m.
Plan member comments:
None
Approval of minutes from September 12, 2013
Jim Lathrop moved to approve the minutes and Rodney Albers seconded. Minutes approved
unanimously.
2014 Work Plan
GERC’s 2014 Work Plan & Meeting Schedule is due to the City Clerks by end of November
2013. John Voss asked is anyone had any suggested changes or additions for 2014. Harold
Hall asked that “Review Quarterly Investment Reports” be changed to “Review Quarterly and
Monthly Investment Reports.” John Voss suggested that the item “Review Implications of
Implementing GASB 67 and 68” be added for Q2 or as appropriate. While he believes the
recent changes to GASB will have no effect on the day-to-day operations of GERC, he will
research the issue and then bring it for discussion to GERC. Katie Wiggett will update all dates
for 2014 and bring an updated copy to the September meeting where the Work Plan will be
finalized.
Monthly Investment and Other Reports
Harold Hall reported that the year to date (YTD) return on the portfolio is 12.22% and total
market value of cash and investments of the Plan is approaching 43 million. There are 17 new