Kevin Reichart

The board reviewed and approved various administrative, benefit application, and expense schedules, including incurred expenses, refunds of contributions, and annuity payments. A hearing was conducted regarding the duty disability claim of an officer, which was subsequently continued to a future meeting. Additionally, the board considered and denied several motions submitted by another officer concerning their duty disability claim, including requests for reconsiderations of prior rulings and various procedural rights. A legal review was conducted in executive session regarding pending litigation.

The meeting included a legislative update, an investment manager presentation, and a market performance review. Key actions included adding William Blair investment strategies to the Watch List, authorizing the issuance of an International Equity RFP, and discussing respondents to a Private Debt RFP. The Board also reviewed fund cash flow, decided to purchase a table for a recognition ceremony, and discussed domestic SMID Cap growth equity.

The agenda focuses on the consideration of benefit applications and expenses, as well as disability applications and reviews, including motions and a hearing for a specific officer. Additionally, the meeting involves a legal review session covering an in-process case report and other relevant legal matters.

The board addressed several administrative items, including the adoption and publication of board orders for disability hearings. Discussions and actions were taken regarding benefit applications, expenses, and refunds of contributions. The board reviewed and adjudicated disability applications and conducted hearings for several officers, involving executive sessions to discuss medical and status reports. Furthermore, the board heard and denied four motions filed by a claimant regarding evidence rules, deadlines, and hearing scheduling.

The board conducted an investment meeting to evaluate and act upon respondents to the private equity request for proposals. The board approved allocations of $35 million to Constitution Capital, $25 million to Hamilton Lane, $15 million to Top Tier Capital Partners, and $35 million to Wellington Management. Additionally, the board reviewed a market update and preliminary performance metrics, approved a board order for a disability hearing decision, received a report on pending litigation during a legal review, and reviewed the fund's cash flow status and projections.