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Annual Board Retreat: January 7, 2010
The 2010 Board Retreat set out to accomplish the following objectives:
- To provide the Board with an overview of the issues that they will be addressing as policy makers in the upcoming year;
- To provide the Board with the background information on the factors that they will need to consider in making these policy decisions; and
- To gain an understanding among the Board members on the interrelationship of these factors and decisions and the impact on the Fund, the members, the City and other stakeholders.
| Session |
Speaker |
| Thursday, January 7, 2010 |
Overview of Benefits Administration - System Liabilities
Discussion of the benefits we deliver, how we assess if we meet our mandate to deliver them promptly and how we compare to other public pension systems. How does our Actuary view these liabilities and how do the liabilities affect investment decisions?
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State of the Economy, Capital Market Expectations and the Impact on our Asset Allocation and Actuarial Assumptions
Overview of the economy and capital markets and the influence these factors have on our actuarial assumptions and asset allocation. Discussion on the consideration of possible changes to our current assumptions and/or asset allocation strategy to address our long term liabilities; and a review of the issues to be considered and the reports the Actuary will provide to the Board in 2010.
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Performance Measurement and Manager Evaluation
Discussion of various risk adjusted measures, market risk, active vs. passive management and how to most effectively and consistently evaluate managers.
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CIO Report on Key Events
A frank discussion on past and present events that have influenced the way policy decisions are made and an overview of what the Board can expect in the future.
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2010 Board Retreat