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05-19-2005 GENERAL EMPLOYEES PENSION BOARD REGULAR MEETING May 19, 2005 Planning Department Conference Room Minutes CALL TO ORDER: Tyna Hilton called the General Pension Board Meeting to order on Thursday, May 19, 2005 at 10:05 a.m. in the Planning Department Conference Room. ROLL CALL: Members present were: Brenda Johnson, Robert Polizzi, Christi Moeller, Jon Williams, Tyna Hilton and Rob DeLoach. Chairman Harriet Rhodes was absent. Also present was Jack Ascherl, Agent of Records, Dee Finneran, Principal Financial Group, James Robinson, Principal Global Investors, and Kathy Miller, Recording Secretary. APPROVAL OF MINUTES: Brenda Johnson made a motion to approve the minutes, with changes, from Wednesday, November 10, 2004, seconded by Jon Williams Motion carried 6 - 0 OLD BUSINESS: Jack Ascherl reports NEW BUSINESS: Jack Ascherl introduced Ms. Finneran who briefly went over the fiduciary responsibilities of the Board. Ms. Finneran turned the meeting over to Mr. Robinson. Mr. Robinson gave handouts to the Board members to review during his presentation explaining what the recent market is doing. MISCELLANEOUS: Mrs. Sigler distributed information to the board referencing a Request For Proposals the Council approved for an Independent Performance Monitor to assist with the best strategy for the management of funding all the City's pension plans. There was discussion with Jack Ascherl and board members. ADJOURNMENT: With no further business to discuss the meeting was adjourned. Minutes submitted by: Personnel Department