Police & Fire Pension Subcommittee

Summary

Meeting Overview

The Board of Trustees convened on July 28, 2025, with John presiding over the session. The meeting featured one agenda item — an informational presentation on Asset Liability Study and Asset Allocation — which was received by the board for informational purposes rather than requiring a formal vote. No motions or votes were taken during the meeting, and no public comments were heard. The session was focused entirely on the single informational item presented to the board.

Attendance

The following individuals were present at the July 28, 2025 meeting:

• John
• John Furrow
• Jim O'Connor
• Aaron
• Trey
• Commissioner Hensley
• Ethan
• Tommy

No members were recorded as absent or late.

Contested Items

• Asset Allocation Strategy: A heated discussion took place regarding the board's asset allocation approach. The disagreement centered on whether to increase fixed income exposure and which mix option to select going forward. Some members favored a more conservative approach, while others were open to maintaining the current investment strategy. The structured data does not identify the specific individuals involved in the debate, nor does it record a final outcome or resolution reached during the meeting.

Asset Liability Study and Asset Allocation

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The board held a discussion on the asset liability study, current funding status, and potential changes to the fund's asset allocation. Key speakers during this item included John, John Furrow, Jim O'Connor, Trey, and Commissioner Hensley.

The discussion centered on the findings of the asset liability study and how the fund's current investment mix aligns with its long-term obligations. The board considered increasing fixed income exposure as part of a potential shift in asset allocation strategy, and debated the merits of different allocation mix options.

No formal action was taken on this item; it was presented and discussed on an informational basis.