RETIREMENT COMMISSION MINUTES


The Retirement Commission met on Wednesday, January 27, 2021. The following members
were present: John Blair, Chris Cullinan, Joe Hatter, Heather Hill, David Hughes, Jason
Vandever, Scott Hendrix, Al Elias, Markell Henderson. Absent: Michele Vineyard. Others
present: Brian Wheeler, Sara Butler, Lisa Burch, Krisy Hammill.

Call to Order
Jason Vandever called the meeting to order at 8:31AM.

Approval of Minutes
A motion was made to accept the minutes from the November 2020 meeting, and the motion
passed, with Heather Hill abstaining because she was absent from the November meeting.

Sustainable Investing Discussion
Jason Vandever updated the Commission members on the ESG changes that have been
implemented so far. He presented some language changes to the Commission’s investment
policy that were recommended by Dahab. A motion was made to accept the changes and the
motion was approved unanimously.

The Commission discussed changes to the Fund’s bond portfolio. A motion was made to adopt
ESG changes to the bond portfolio, and the motion was approved unanimously.

Disability Retirement Discussion

Lisa Burch recapped last month’s presentation of a comparison of the City’s disability retirement
process to seven other localities in Virginia and the Virginia Retirement System. The
Commission discussed possible changes and there was a consensus that some changes should be
made. Additional information was requested for the February meeting.

Other Business
Lisa Burch gave an update regarding the vacancy on the Commission.

Adjournment
The meeting adjourned at 9:40 AM.