RETIREMENT COMMISSION MINUTES

The Retirement Commission met on Wednesday, October 26, 2022. The following members
were present: Chris Cullinan, Jason Vandever, Scott Hendrix, Al Elias, Markell Henderson, Ben
Cullop, Ashley Marshall, David Hughes, Lindsay Ideson, Mary Ann Hardie. Absent: Brian Pinkston,
Michael Rogers. Others present: Sara Butler, Lisa Burch, Krisy Hammill, David Plunkett, William
Dowd, William Reid, Dan Homan, Tony Verdelotti.
This meeting was held virtually via Zoom.

Call to Order
Jason Vandever called the meeting to order at 8:32 AM.

Approval of Minutes
The minutes from the September 2022 meeting were approved unanimously.

Retirement Commission Training
Jason Vandever updated the Commission members regarding the upcoming training on
November 16, 2022 at City Space.

Annual Actuarial Review
Bill Dowd and Bill Reid from SageView Consulting reviewed the July 1, 2022 Valuation Report
and provided the Commission with the next actuarially determined contribution rate. Dan Homan
reviewed the Post-Retirement Benefit Plan experience and provided the Commission with the
next annual contribution rate.

Financial Update
Jason Vandever updated the Commission on the RFP process for the Fund’s Large Cap Growth
assets.

New Business
There was no new business discussed.

Adjournment
The meeting adjourned at 9:16 AM.