General Information

Government Type

Independent or Quasi-Government

Entity

Utah State Retirement Office

Public Body

Utah State Retirement Board

Notice Information

Add Notice to Calendar

Notice Title

Administrative/Investment Board Meeting Minutes

Notice Tags

Retirement

Notice Type(s)

Meeting

Event Start Date & Time

November 9, 2017 03:00 PM

Description/Agenda

MINUTES OF THE ADMINISTRATIVE/INVESTMENT BOARD MEETING November 9, 2017, 3:00 p.m., Utah Retirement Office Present: Mr. Roger Donohoe, Board President Mr. Ryan Hessenthaler, Board Member Ms. Laura Houston, Board Vice President Ms. Sheri Nelson, Board Member Mr. Bill Wallace, Board Member Excused: Mr. Ed Alter, Board Member Mr. David Damschen, Board Member Staff: Mr. Jeff Allen, Shared Services Director Mr. Dan Andersen, Executive Director Mr. Steve Baker, PEHP Operations Director Mr. Dave Bjarnason, Chief Compliance Officer, Investments Mr. Kevin Catlett, Investment Counsel Mr. Bruce Cundick, Chief Investment Officer Ms. Cathy Dupont, Strategy and External Relations Director Mr. Rich Eggett, Portfolio Manager, Investments Mr. Mike Gleue, Sr. Real Estate Investment Analyst Mr. Dee Larsen, General Counsel Mr. Chet Loftis, PEHP Director Mr. Ben Lopez, Investment Analyst Mr. Mike Maires, Sr. Real Estate Portfolio Manager Mr. Rich Matheson, Portfolio Manager, Real Estate Investments Ms. LuAnn Miskin, Administrative Assistant, Administration Mr. Jason Morrow, Deputy Chief Investment Officer Mr. Devon Olson, Real Estate Director Mr. Todd Rupp, Deputy Executive Director Mr. Jerry Sanchez, Investment Counsel Mr. Darron Schryver, Chief Information Security Officer Mr. Bryan Summers, Sr. Investment Analyst Mr. Bryant Weber, Sr. Portfolio Manager, Investments Mr. Scott Clayton, Sr. Investment Operations Director Mr. Wilford Wong, Investment Analyst, Real Estate Guests: Call to Order President Roger Donohoe called the meeting to order at 3:03 p.m. and welcomed Board members and staff. Approval of Minutes ACTION: Mr. Bill Wallace moved, seconded by Ms. Laura Houston, to approve the minutes of the October 12, 2017, Administrative Board Meeting. The motion passed unanimously, 4-0. Mr. Ryan Hessenthaler was absent for this vote. ACTION: Ms. Sheri Nelson moved, seconded by Mr. Bill Wallace, to approve the minutes of the October 19, 2017, Investment Board Meeting. The motion passed unanimously, 4-0. Mr. Ryan Hessenthaler was absent for this vote. PEHP Satisfaction Survey Ms. Cathy Dupont reviewed the PEHP Member Survey that was conducted by Lighthouse Research, including the following items: - Survey Objectives - Member Satisfaction 89% - Customer Service - Website - Rate How We're Doing - How Can We Better Help You Navigate Healthcare? - Significant Improvements 2018 Board Meeting Schedule Mr. Dan Andersen reviewed the proposed 2018 Board Meeting Schedule. At 3:17 p.m., Mr. Bill Wallace moved, seconded by Ms. Laura Houston, to move into Closed Session to discuss security, investment, and pending confidential legal matters. The motion passed unanimously, 5-0. At 5:01p.m., Ms. Sheri Nelson moved, seconded by Mr. Ryan Hessenthaler, to move back into Open Session. The motion passed unanimously, 5-0. Final Motions Variance Report ACTION: Mr. Bill Wallace moved, seconded by Mr. Ryan Hessenthaler, to accept the Variance Report as of October 31, 2017, as presented. The motion passed unanimously, 5-0. Order to Dismiss 13-14H ACTION: Ms. Laura Houston moved, seconded by Ms. Sheri Nelson, to approve the Order to Dismiss 13-14H as submitted by the Adjudicative Hearing Officer. The motion passed unanimously, 5-0. Findings of Fact, Conclusions of Law, and Order 17-12H ACTION: Mr. Ryan Hessenthaler moved, seconded by Mr. Bill Wallace, to approve the Findings of Fact, Conclusions of Law, and Order 17-12H as submitted by the Adjudicative Hearing Officer. The motion passed unanimously, 5-0. At 5:02 p.m., Mr. Ryan Hessenthaler moved, seconded by Ms. Sheri Nelson, to move into Executive Session to discuss fiduciary matters. The motion passed unanimously, 5-0. The following were present: - Board Members present - Mr. Dan Andersen Executive Session Mr. Bill Wallace moved, seconded by Mr. Ryan Hessenthaler, to move back into Open Session. The motion passed unanimously, 5-0. The meeting resumed at 5:30 p.m. Adjournment Ms. Laura Houston moved, seconded by Ms. Sheri Nelson, to adjourn the meeting. The motion passed unanimously, 5-0. The meeting adjourned at 5:32 p.m. ___________________________________ Roger Donohoe, Board President ___________________________________ Daniel D. Andersen, Executive Director

Notice of Special Accommodations (ADA)

In compliance with the Americans with Disabilities Act, persons needing auxiliary communicative aids and services for this meetings should call LuAnn Miskin at 801-366-7302 or use Relay Utah (toll-free in-state 7-1-1 or Spanish-language 888-346-3162), giving her at least 48 hours notice or the best notice practicable.

Notice of Electronic or Telephone Participation

NA

Meeting Information

Meeting Location

540 East 200 South
Salt Lake City, 84102
Show in Apple Maps Show in Google Maps

Contact Name

Stacie Petersen

Contact Email

stacie.petersen@urs.org

Notice Posting Details

Notice Posted On

December 15, 2017 10:36 AM

Notice Last Edited On

December 15, 2017 10:36 AM

Subscribe by Email

Subscription options will send you alerts regarding future notices posted by this Body.