Doreen Rhodes

The board meeting addressed several key items, including the termination of a relationship with a small-cap investment firm and the review and approval of the 2024-2025 annual report. The board received updates regarding the Firefighter's Cancer Act and discussed potential impacts on the fund. Retirement and disability applications were reviewed, including an executive session for medical record deliberation, with one disability application failing to pass. The board also held a moment of silence for a deceased retiree and approved the payment of various legal, administrative, and medical consultant expenses.

This strategic plan outlines the New Haven Health Department's direction for 2026-2030, affirming its commitment to advancing health and well-being for all residents. It focuses on five principal priorities: Community-Centered Approach, Optimize Resources, Workforce Development, Communications, and Quality. The plan aims to strengthen public health systems, expand prevention efforts, support a skilled and representative workforce, and enhance emergency readiness, emphasizing equitable access, partnerships, accountability, and data-informed decision-making.

The meeting included reports from the Treasurer and the City Librarian covering staffing updates following the lifting of a hiring freeze, the status of library inventory processes, and an overview of the FY27 budget presentation to the Board of Alders. Key metrics regarding library service growth, including usage increases in digital resources and visitor traffic, were reviewed. The Board approved several restricted and unrestricted funding transfers and discussed a new policy regarding visitor guidelines for personal belongings and the use of the children's room by adults. Additionally, the Board received updates on an ongoing cafe space RFP, Foundation fundraising efforts, and upcoming summer programs.

This document outlines the investment objectives and guidelines for the City of New Haven City Employees' Retirement Fund (CERF), a municipal defined benefit plan. Its purpose is to provide a framework for supervising, monitoring, and evaluating the investment of CERF's assets, establishing an investment structure, and defining roles and responsibilities for various stakeholders. Key goals include achieving a total return objective of 6.9% to 7.0% net compounded annually, preserving and enhancing principal over time, and managing assets according to prudent standards, including the consideration of environmental, social, and governance (ESG) factors. The document details asset allocation targets, permissible investments, risk control procedures, and reporting requirements.

The Board of Trustees of the City Employees' Retirement Fund is convening for a virtual meeting to address fund-related matters.