Been movement and supported and we will be taking will call the just like we did and our teams meeting. This did not change. [indiscernible] orthere any discussion motion regarding the approval of the minutes . Discussion on the approval of the minutes for october 15 . Will you please take a roll call vote . Taken]all vote four ayeir, you have votes. The second item on the agenda is the certification of the november 3, 2020 general election. Thank you, chair brad chop. Chair bradshaw. [indiscernible] all fourike to thank of you for your dedicated service to our stay. The staff recommendation is that you certify. You have before you the results of michigans election. More than 5. 5 million ballot, ars cast a record in our state. Two constitutional amendments. [indiscernible] dissipationng amidst a Global Pandemic is inspiring and voters should be commended for having their voices heard in november. State. Lf of our this is an effort that is unprecedented in scope and difficulty. Long be
They are blocked from buying the securities. I just wanted to highlight that there are already decisions made so that you can implement this in a very efficient manner. Finally, if you will turn to the last slide, we will just summarize the next steps in terms of confirming that it works with the planning document and we have confirmed that we have already worked with t. D. Ameritrade on setting up a process for ongoing, and it is just a look to see if participants start using it, we are at 195, currently. We will continue to monitor the fees that are charged, and we have looked at that. Again, it is very competitive and favourable. And then we will run those quarterly screens just to make sure theres nothing that pops up on that restricted list that i already outlined. That is the ongoing process. And they have set up a system that will identify any security that might go to a pink sheet or have some sort of reregistration security, which can happen in various situations. And we will
About this item . We are in meeting is back in session. We will recognize a commissioner for emotion regarding the closed session. I make a motion not to disclose. It was seconded to do not to not disclose. Is there any Public Comment . My name is john, i am a 44 year member of our pension scheme. If theres any policeman on our board, you might be interested in what i have to say today. Willie sutton was a Notorious Bank Robber in the 1980s. When he was caught, they asked him why he robbed banks. His reply was, thats where the money is. The Hedge Fund Industry are not bank robbers, but they are modernday highway robbers. The definition of modernday highway robber is by excessive profit by high risk investment. If you ask the Hedge Fund Industry when they rip off local pension funds, they will say, that is where the big money is. If you put one more dollar in hedge funds, you are likely to get a report. It is titled a giant pile of money. Should be downloaded. I have said it before and
Summer is not a time off for a lot of people in our office. Weve been very busy this month, doing our annual performance and goalsetting process for the f. Y. 19, and setting there has been a lot from my experience, a lot of really valuable thought and conversation that has been going into that. Ive very much appreciated the staffs focus. It is a busy time for us, but i think it is a very helpful and important way to make sure were having mindful conversations about our work and how we Work Together to serve the public. Thats something i wanted to provide some in sight insight into that and id be happy to answer any questions. In terms of open positions, i think there are four currently open. Do we have d. H. R. Resources to help us fill those positions . Yes, in this budget year with a memorandum of understanding, and theyre providing us some parttime hours. We were not able to get the full range of contract that we had hoped to with our budget limitations. But we have very strong sup
We have a quorum neck general Public Comment shall be followed we will go into closed session and not start the regular Public Meeting before 2 00 p. M. Is there any Public Comment about this item . We are in meeting is back in session. We will recognize a commissioner for emotion regarding the closed session. I make a motion not to disclose. It was seconded to do not to not disclose. Is there any Public Comment . My name is john, i am a 44 year member of our pension scheme. If theres any policeman on our board, you might be interested in what i have to say today. Willie sutton was a Notorious Bank Robber in the 1980s. When he was caught, they asked him why he robbed banks. His reply was, thats where the money is. The Hedge Fund Industry are not bank robbers, but they are modernday highway robbers. The definition of modernday highway robber is by excessive profit by high risk investment. If you ask the Hedge Fund Industry when they rip off local pension funds, they will say, that is wh