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INVESTMENT SUBCOMMITTEE MEETING MINUTES
| Date: 11/16/2016 | Time: 1:30 p.m. |
|---|---|
| X Regularly Scheduled | __ __ Special |
| Attendees: | Was a quorum present? Yes |
| Retirement Commission | Other Attendees |
| Charlie Casella | Frank Picarelli, SegalRogersCasey |
| Michael Carey | Robert Luciani, Prudential |
| Sandra Browne-Brewton | Michael McMann, Prudential |
| Laila Mandour | Mary Harlos, Prudential |
| Steve Greatorex | Joel Fein, Prudential |
| Sal Luciano |
Comptroller's Office
Thomas Woodruff, Director, HPBSD .
Margaret Haering, Assistant Director, HPBSD
Brenda Halpin, Director Retirement Div.
Amy Cason, Associate RBO, HPBSD
Matters Discussed:
Review of quarterly performance of plan investment options and markets
Plan Review, participant behavior and summary of investment utilization and fund
transfers
Plan for mapping Target Date assets to GoalMaker-like portfolios
Materials Reviewed:
Analysis of Investment Performance, SegalRogersCasey
State of Connecticut Combined Plans, Third Quarter
Decisions voted upon:
Upon motion made and seconded, the committee voted unanimously to proceed with
eliminating the Vanguard Target Date Funds from the investment line-up and
agreed to the proposed strategy for mapping assets in those funds to
corresponding GoalMaker portfolios or allocations for those who fail to take
action after receiving notice of the plan fund change.
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