RETIREMENT COMMISSION MINUTES


The Retirement Commission met on Wednesday, February 24, 2021. The following members
were present: Chris Cullinan, Joe Hatter, Heather Hill, David Hughes, Jason Vandever, Scott
Hendrix, Al Elias, Markell Henderson. Absent: Charles Boyles, Michele Vineyard. Others
present: Brian Wheeler, Sara Butler, Lisa Burch, Krisy Hammill, Jackie Brady, James Glen.

Call to Order
Jason Vandever called the meeting to order at 8:33AM.

Approval of Minutes
A motion was made to accept the minutes from the January 2021 meeting, and the motion passed
unanimously.

Portfolio Update
Jackie Brady and James Glen from PGIM reviewed the performance of Retirement Fund’s real
estate investments in the Core Fund and answered questions from the Commission members.

Disability Retirement Discussion

Lisa Burch recapped prior discussions of the City’s disability retirement process. A motion was
made to contract with an independent medical examiner to perform examinations of applicants
for disability retirement. The motion passed unanimously. A motion was made that
beneficiaries of a disability retirement allowance be required to undergo an independent medical
examination as determined by the Commission. The motion passed unanimously. A motion was
made to require beneficiaries of a disability retirement allowance be required to provide their
complete tax returns each year. The motion passed unanimously. Additional information was
requested for the March meeting regarding establishing an appeals process.

Other Business
Jason Vandever reviewed the fiscal year to date performance of the Retirement Fund. Chris
Cullinan updated the Commission members on the fiduciary liability insurance renewal.

Adjournment
The meeting adjourned at 9:27 AM.