P president driscoll, you may start the migrant. Meeting. Due to covid19 and the Governor Newsom and mayor breed have lifted the tre tree restrictionn teleconference, this meeting is being held teleconference. In our published notice and on the web page we ask the public to participate remotely by writing to the board or by leaving a voice mail manage. I will ask all members of the board to mute themselves to minimize background noise and keep your cell phone remote, as well. Board members will unmute themselves to comment. There is staff in the background managing the Technology Functions during the meeting to switch from my slide presentation to whom ever is speaking at that moment. Thank you to all who have put this meeting together. Technology and this device is increasing and there will be more changes, all to make the meeting and the interaction go smoother. At this point, can we ask ase commissioner to unshare his screen. Square with arrow and not an x. Thank you. Item number 13
Second. I do not believe theres Public Comment on that piece. All those in favor say aye. For closed session for today, before we go into closed session, is there Public Comment . Seeing no Public Comment, weth. The other Board Members will join us shortly, but i do not want to lose a quorum. We have several action items important action items to hold this afternoon. With that, we need to come out of closed session. So moved. Second. All those in favor . All right. Well start with Public Comment. The general Public Meeting rules apply. Please follow the normal rules that are posted about turning off your cell phone, etc. , etc. Open for Public Comment. My names john stinson. Im a 45year member of our pension fund. There were two things the public Pension Funds have in common. Number one, theyre all underfunded. Number two, one of the reasons why theyre all underfunded is because theyre over diversefied in highrisk investments like hedge funds. Most Pension Funds want 7 to 7. 5 return o
21, 2020 special board meeting. Move that we dont disclose. Second. I do not believe theres Public Comment on that piece. All those in favor say aye. For closed session for today, before we go into closed session, is there Public Comment . Seeing no Public Comment, weth. The other Board Members will join us shortly, but i do not want to lose a quorum. We have several action items important action items to hold this afternoon. With that, we need to come out of closed session. So moved. Second. All those in favor . All right. Well start with Public Comment. The general Public Meeting rules apply. Please follow the normal rules that are posted about turning off your cell phone, etc. , etc. Open for Public Comment. My names john stinson. Im a 45year member of our pension fund. There were two things the public Pension Funds have in common. Number one, theyre all underfunded. Number two, one of the reasons why theyre all underfunded is because theyre over diversefied in highrisk investments
Clerk we have a quorum. Okay. First item is we will go into closed session. We need a vote whether to disclose discussion held in closed session on the january 21, 2020 special board meeting. Move that we dont disclose. Second. I do not believe theres Public Comment on that piece. All those in favor say aye. For closed session for today, before we go into closed session, is there Public Comment . Seeing no Public Comment, weth. The other Board Members will join us shortly, but i do not want to lose a quorum. We have several action items important action items to hold this afternoon. With that, we need to come out of closed session. So moved. Second. All those in favor . All right. Well start with Public Comment. The general Public Meeting rules apply. Please follow the normal rules that are posted about turning off your cell phone, etc. , etc. Open for Public Comment. My names john stinson. Im a 45year member of our pension fund. There were two things the public Pension Funds have in c
You have a quorum. Chairman heinicke all right. We have a quorum. Obviously, these are unique times, as we could say. Given the Public Health recommendations issued by the department of Public Health and Governor Newsom and mayor breed have lifted the attendance of Board Members by telephone, directors rubke and torres will be participating by phone at my request. Caroline and others in the room here to assist with our City Attorney deputy City Attorney, susan cleavelandknowles. We will say, at the end, get through this together. I will ask Board Members to mute their phones. It sounds great right now, but if you want to speak, unmute the phones and let us know. For this meeting, we would like public to participate remotely about writing a question and contacting us electronically. Thank you for honoring this request. Going forward, we urge the public to write the board at mtaboard sfmta. Gov or calling 4154464470. That information is also on our website if you need that. We usually as