2026 pension trustees meeting so motion to approve the minutes so moved second all those in favor aye opposed unanimous moved item three are any sentences we heard regarding items not on today's pension trustees agenda there are none moved on 4.1 approve the new hires for acceptance into the pension plan as listed good afternoon mayor council jessica harmison human resources assistant director here to answer any questions that you may have is anyone here to speak to item 4.1 of today's pension trustees agenda hearing seeing none any council discussion excuse me trustees discussion if not sir motion move to approve agenda item 4.1 second all those in favor aye opposed unanimous agenda item 4.2 good afternoon mayor council still jessica harmison human resources assistant director here to answer questions that you may have you want to hear today the desires to speak to agenda item 4.2 you're seeing none any trustees discussion if not sir motion make a motion to approve the agenda item i don't know why i'm having a second all those in favor aye opposed unanimous agenda item 4.3 good afternoon mayor council jessica harmison human resources assistant director here to answer questions that you may have you want to hear today desire to speak to agenda item 4.3 hearing seeing none any council discussion if not sir motion motion to approve agenda item 4.3 second all those in favor aye opposed unanimous agenda item 4.4 mayor council i believe this item is being pulled that is correct um likely to be brought back at the next trustees meeting okay jenna 4.5 approve the termination of small cap value equity money manager atlanta capital management good afternoon trustees jay ravens finance director this item is requesting approval to terminate an underperforming pension investments money manager atlanta capital was hired in 2003 as a domestic equity small cap value money manager due to underperformance in recent years the investment committee is recommending termination at this time be happy to answer any questions and i want to hear from the public today desire to speak to agenda item 4.5 if not is there any trustees discussion and if not is there a motion move to approve agenda item 4.5 second all those in favor opposed unanimous agenda item 4.6 approve the termination of small cap value equity money manager victory capital again jay ravens finance director this item is also requesting approval to terminate an underperforming pension investments money manager victory capital was hired in 2017 as a domestic equity small cap value money manager due to underperformance the investment committee is recommending termination at this time be happy to answer any questions you want to hear from the public to desire to speak to agenda item 4.6 hearing seeing none is there any trustees discussion if not is there a motion move to approve agenda item 4.6 second all those in favor all right opposed unanimous agenda item 4.7 approve the fifth amendment to the agreement with north northern trust investments inc for investment in the northern trust russell 2000 value collective index small cap value equity fund jay ravens finance director this is a recommendation from the pension investment committee to approve the addition of a northern trust domestic small cap value index fund to the plan's investment portfolio to replace recently terminated money managers atlanta capital and victory capital the plan currently has similar passive index funds with northern trust for domestic large cap growth and value equities as well as mid cap growth be happy to answer any questions i want to hear from the public today that desires to speak to agenda item 4.7 hearing seeing none is there any trustees discussion if not is there a motion motion to approve agenda item 4 second all those in favor opposed unanimous agenda item 4.8 approve investment of up to 30 million in the pimco income fund institutional class mutual fund product jay ravens finance director this is a recommendation from the pension investment committee to add the pimco income fund mutual fund to the plans investment portfolio this investment option will improve the diversification of the fund with a shorter duration fixed income option to reduce the portfolio's exposure to duration risk do you happen to answer any questions anyone here for the public today that desires to speak to agenda item 4.8 hearing seeing none any trustees discussion and if not is there a motion motion to approve agenda item 4.8 second all those in favor aye opposed unanimous thank you mr ravens agenda item five and that is to adjourn the trustees meeting of october 12 2026 this time we'll call to order the work session of clearwater city council for october 12 2026