Portsmouth Supplemental Retirement Board Meeting November 2, 2023 Portsmouth Virginia

Portsmouth Pension Board · November 2, 2023

0:00/1:23

1:23:26

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20:00

40:00

1:00:00

1:20:00

Opening and roll call — no quorum

Presentation

0:02 → 1:08(1m 6s)

Clerk called the roll and reported no quorum at the start of the meeting. Several board members announced presence (Landon Moore, Mark Gardner, Karen Savage, Mimi Terry, Derek Challenger, Gloria Taylor, Laura Bridal, Gregory Coleman, Tom Shamley, John Morrison, Ryan Birnbaum, Jim Whitney). Chair indicated moving to OPEB trust presentation pending quorum.

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The Portsmouth Pension Board met for quarterly investment and actuarial reviews. Greystone presented a Q3 market and portfolio review; John Hancock/representatives gave an OPEB trust update; the actuary reviewed funded status, smoothing of 2022 losses and recommended contribution increases. The board approved minutes and then adjourned.

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Transcript

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