C. Lance Lachney

The meeting included reports from the Investment Committee and the Secretary-Treasurer, covering topics such as investment performance, actuarial valuations, and administrative updates. Discussions also covered the approval of annual retirement allowances and updates on the Judicial Retirement Fund. The board addressed administrative information, including litigation and the Clerks and Register's Supernumerary Fund.

The meeting included an update by CNHI management, discussing their financial contributions, advertising support, and real estate holdings. They emphasized the importance of content over platform and their strategy to balance print and digital media. There was a discussion regarding damage from Hurricane Sally to RSA properties in Mobile and Grand, including the Grand hotel and golf course, and the Battle House Hotel. The Investment Performance Update covered domestic and international equities, fixed income, private placements, and real estate. The report also included a Universe Peer Performance Report and an Investment Policy Compliance Report.

The meeting addressed various key areas including investment performance, administrative updates, and real estate matters. Discussions covered the election to fill the Investment Committee position, reports from the Secretary-Treasurer, and the approval of annual retirement allowances. Updates were provided on litigation, the Clerks’ Supernumerary Fund, and the real estate portfolio, including hotels and special projects. The board also approved compensation for the Medical Review Board and received an update on investment performance, which showed a recovery to positive returns after initial losses.

The meeting included discussion of the investment performance report, which covered the first 10 months of Fiscal Year '21. The board also discussed the creation of a "Vice-Chair Pro Tem" position. The formal resolution of signatures and the adoption of a resolution for authority to transfer title of securities were also addressed. An update was given on 55 Water Street, including revenues, operating expenses, and annual returns.

The meeting covered the approval of minutes from a previous meeting and a five-year experience study. The study included an overview of the process, presentation of recommendations, peer reviews, and responses to those reviews. Discussions also involved recommendations to amend funding policies and appoint a board actuary and investment advisor.