Roll call. [roll call] we have a quorum. Item 3. Were going to go into closed session. We need a motion to do that and ill ask for Public Comment after that. I move we go into closed session. Moved and seconded. Is there any Public Comment . When we come back into to Public Session ill review the Public Comment rules. All in favor say aye. Aye. Opposed first item is to report out of closed session. We need a motion. I make a motion. Second. Is there Public Comment . All those in favor say aye. Aye. Rules of Public Comment are the standard rules. Well limit testimony to three minutes on any item people may want to talk about. Please read the rules that are posted with the agenda in case you are not familiar. To start with Public Comment i will recognize mr. Winier. He called me wiener. My apologized. I wish to mention the passing of peter ash, who was the former commissioner on this board. In honor of his memory in the marine core Heritage Museum because of the service in the United Sta
Were going to go into closed session. We need a motion to do that and ill ask for Public Comment after that. I move we go into closed session. Moved and seconded. Is there any Public Comment . When we come back into to Public Session ill review the Public Comment rules. All in favor say aye. Aye. Opposed first item is to report out of closed session. We need a motion. I make a motion. Second. Is there Public Comment . All those in favor say aye. Aye. Rules of Public Comment are the standard rules. Well limit testimony to three minutes on any item people may want to talk about. Please read the rules that are posted with the agenda in case you are not familiar. To start with Public Comment i will recognize mr. Winier. He called me wiener. My apologized. I wish to mention the passing of peter ash, who was the former commissioner on this board. In honor of his memory in the marine core Heritage Museum because of the service in the United States army. I simply was to mention his memory. I t
Economic outlook remains favorable. Plain english, no recession on the horizon. Growth continues. Top banker jamie dimon joined the optimist club. Growth will continue, he says, and he expects a phase one trade deal with china. This week, we reported on jpmorgans call for market rally next year and Goldman Sachs call for a Strong Economy next year. 2020 looking good. Todays Market Action is somewhat clouded by the uncertainty of whether or not theres going to be what the results will be of that white house trade meeting. The dow will be down 30, 40 points. Small loss for the s p. Small loss for the nasdaq at this point. Now, the president s looking good. Reports this morning that some House Democrats will not vote to impeach. That means a split Democrat Party and a hyper partisan impeachment process. Not supposed to be like that. Oh, and the brits are voting. Looks like the socialists will lose. Varney company is about to begin. Stuart all right. We are beginning with the trade meeting
Assuming im reading that. The portion of the cash they hold and they relay more cash that they hold and its probably not calculated. Its not the notion. This is causing confusion. Those are my questions. Any further questions. This is not an action item. Public comment. Just one question last year . The motion would be recommendation with approve of july. We made our First Investment in october. We asked you to bring it back a second time. July was the second time. It was originally presented in april. Thank you. Sorry commissioners. In the past, the only need treat Asset Classes and they are stock bonds and real estate. Go back 100 years and they have averages seven and a half to 11 for the past 100 years. What they didnt tell you when it was stock and bonds let me give you year to date on the total bonds index year to date returns, total bond index 8. 77 . Then i would like to give you the returns of the s p 500 500 for the past 10 years. 13. 78 . And 6060 and index and 6440. Year to
Items. Ill make the standard order of Public Comment and instructions when we get to Public Comment at 3 30. Do we need order to go into closed session. Public comments . Seeing none, if someone wouldnt mind closing the doors. Ill turn the flor over to mr. Coker of the eight items that were listed on the closed session item there shall only be seven. With the matrix would be number seven we need a motion to cover the attorneyclient privilege as we go into closed session is there such a motion so moved second. All those in favor say aye. Public comment. All those in favor say aye. Aye. So, im going to read the motion approved by the board in regards to gregory latman versus the retirement board. The motion that was approved reads as follows set aside the hear offices november 1st, 2019 denying the application in march 2017 denying the petition for the hearing and remand the case in retirement system staff. Remand the case of the office of administrative hearings foray signment to a hear