David F. Wertheim

The meeting included reports from the Executive Director and CEO, the Acting General Attorney, and the standing committees. Key discussion topics included the presentation of an external auditor report, a review of the investment committee charter, and a motion to adopt said charter. Additionally, the Board discussed matters in executive session regarding real property, potential employment of investment managers, legal advice, and specific policyholder or claimant issues.

This strategic plan outlines the New York State Insurance Fund's strategy to fulfill Executive Order 31 by becoming a model employer for people with disabilities. It focuses on three key objectives: ensuring workplace accessibility for all current and potential personnel, proactively connecting with individuals with disabilities for open positions, and enhancing communication regarding support and inclusivity for people with disabilities to both internal and external stakeholders. The plan aims to significantly increase the hiring and retention of employees with disabilities and foster a more inclusive work environment through annual assessments and updates.

The board meeting included reports from the Executive Director and CEO, the General Attorney, and the Investment Committee. The agenda covered the introduction of policy holder services senior staff and the Chief Financial Officer. A financial overview of the 2019 Q1 results was provided, highlighting performance metrics such as earned premium, combined ratios, net income, and loss payments. An executive session was scheduled to discuss specific policy holder matters, ongoing real estate projects, cybersecurity programs, and to receive legal advice.

The Board meeting included reports from the Executive Director and CEO, and the Acting General Attorney. An actuarial presentation regarding the annual actuarial report was delivered by the NYSIF Actuary and external consultants. The board also received a presentation on the enterprise risk management program, which was conducted in collaboration with Deloitte. Additionally, the Investment Committee reported on discussions concerning strategic asset allocation, and the Board approved a five-year contract for municipal bond asset management services with Nuveen Asset Management and Western Asset Management Company.

The board conducted elections for the Chair and Vice Chair of the Commissioners. Reports were provided regarding the Workers' Compensation Fund's 2025 financial performance, which noted a decrease in net income, and the Disability Benefits and Paid Family Leave Fund, which also saw reduced net income. Additional updates were provided on investment committee activities, private market funds, upcoming procurements, and real estate projects. The meeting also included an executive session for discussion regarding legal advice.