Minutes of the Retirement Benefits Study Committee
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Minutes of the Retirement Benefits Study Committee
Minutes of the Retirement Benefits Study Committee December 10, 2019 - 1:30 p.m. JFC Hearing Room, Legislative Hall Dover, DE Committee Members Represented or in Attendance: Rick Geisenberger Chair, Secretary of the Department of Finance Mike Jackson Vice Chair, Director of the Office of Management and Budget Mike Morton Controller General David Craik Director of the State Office of Pensions Faith Rentz Director of the Office of Statewide Benefits and Insurance Coverage Colleen Davis State Treasurer John Mitchell Delaware House of Representatives Ruth Briggs-King Delaware House of Representatives David Sokola Delaware State Senate David Lawson Delaware State Senate Mike Begatto Executive Director, AFSCME, Council 81 Aaron Klein Senior Vice President & Director of Performance and Analysis, WSFS Jeff Taschner (Represented Executive Director, Delaware State Education Association by Judy Anderson) Others in Attendance: Joanna Adams Bill Oberle Jane Cole Stephanie Scola Kevin Fyock Margaret Tempkin Jamie Johnstone Rebecca Warnkin Michael Nadol I. Call to order Secretary Rick Geisenberger called the meeting to order at 1:30 p.m. II. Introductions Secretary Geisenberger asked the attendees to introduce themselves. Secretary Geisenberger added that David Craik is retiring after 32 years of service to the State of Delaware. Mr. Craik added that at the next meeting, Joanna Adams, who has been appointed the new Pension Administrator, will be attending the next meeting. Page 1 of 6 III. Approval of the Minutes of the Meeting of November 12, 2019: Minutes Approved Secretary Geisenberger introduced the information that would be presented during this meeting. He stated that the information that is being provided at this meeting is to try to give members a “sense of scale” of what changes move the needle on the OPEB liability a little versus a lot. -
1 Delaware Volunteer Firefighter's Association Delaware Volunteer
Delaware Volunteer Firefighter’s Association Delaware Volunteer Firefighter’s Association Ladies Auxiliary Conference 2019 Dover Downs Hotel and Casino Thursday, September 12, 2019 JOINT OPENING CEREMONIES 8:30 AM Call to order by M/C Warren Jones • Introduction of the Past President’s and President Emeritus’s of our organizations • Introduction of the current Presidents of our organizations DVFA President Willard R. Betts, Jr. LADVFA President Penny Gentry DVFA 1st Vice President Norman “Jay” Jones LADVFA 1st Vice President Karen Workman DVFA 2nd Vice President Dan Carrier LADVFA 2nd Vice President Pam Ingle • Invocation by DVFA Chaplain Bob Hudson • DVFA/LADVFA Choir will sing our National Anthem • Pledge to the flag led by DVFA President Betts and LADVFA President Gentry • LADVFA President Penny Gentry gave her welcoming remarks and introduced her officers • DVFA President Bill Betts gave his welcoming remarks and introduced his officers • M/C Warren Jones pointed out the 4 new “stand-up” banners that were on stage, the new podium and the back-drop for pictures. Thanks to Vice President Jones for acquiring these items • Welcome from the Mayor of the City of Dover Robin Christiansen • Welcome from the VP/General Manager of Dover Downs Nicholas Polcino, Jr. 1 • Introduction of other guests: o Director of the Delaware State Fire School Robert ‘Biff’ Newnam o Delaware State Fire Marshal Grover Ingle o Chairman of the State Fire Prevention Commission Dave Roberts o President of the State EMS Association Jason Capps o President of the State -
Program Book
31ST ANNUAL PENSION AND FINANCIAL SERVICES CONFERENCE THRIVING IN THE NEW WORLD OF FINANCE PROGRAM BOOK DECEMBER 7-10 4 Welcome from NASP Board Chair and NASP President & CEO 5 Official Letters 8 Board of Directors 2020 9 Committee Members 10 Conference Planning Committee 12 2020 Plan Sponsor Advisory Committee 14 Award Winners TABLE OF 18 Past Award Recipients 22 Featured Speakers CONTENTS 38 Schedule of Events 38 Day 1 | Monday, December 7 42 Day 2 | Tuesday, December 8 48 Day 3 | Wednesday, December 9 54 Day 4 | Thursday, December 10 55 Post Conference Sessions | Wednesday, December 16 59 NASP and MIDA Staff 60 2020 Corporate Partners | Conference Sponsors | Strategic Partners 63 Acknowledgments Welcome from NASP Board Chair and NASP President & CEO Official Letters THRIVING IN THE NEW WORLD OF FINANCE WELCOMEFROM NASP BOARD CHAIR AND NASP PRESIDENT & CEO December 2020 On behalf of the Board of Directors of the National Association of Securities Professionals (NASP), we welcome you to the virtual NASP 31st Annual Pension and Financial Services Conference. We wish to thank our members, corporate and strategic partners, conference planning committees, plan sponsors, National Association of Securities Professionals and staff for your hard work and dedication to this year’s conference. While this year is truly different, your 1937 14th Street NW resiliency has allowed us to make this virtual conference experience a great one. Second Floor Washington, DC 20009 Our theme, “The Future is Now: Thriving in the New World of Finance”, was chosen months before the COVID-19 pandemic, but could not be more timely. This year has tested all of us in many different ways: untimely death of loved ones, heighten racial tension, demand for social and economic justice, a tumultuous election season, ongoing Dear Friends of NASP, political acrimony, and a global pandemic. -
Treasurers and Fiduciaries of Major Funds Call on Largest Asset
For Immediate Release: February 10, 2021 Contact: Kari Hudnell, [email protected] Treasurers And Fiduciaries of Major Funds Call on Largest Asset Managers To Hold Boards Accountable on Political Spending and Reform Own Spending Practices in Aftermath of Capitol Insurrection NEW YORK -- More than 25 state treasurers and elected fiduciaries and trustees of funds with assets under management of over $1 trillion are calling on five top asset managers––Vanguard, State Street, Fidelity, JPMorgan Asset Management, and BNY Mellon––to answer for their political contributions and track records of blocking of shareholder accountability efforts on lobbying and political disclosure in the aftermath of the Capitol Insurrection. The calls build on last month’s letter to BlackRock sent by a number of state treasurers, elected fiduciaries and trustees expressing similar concerns about its corporate political spending and lobbying transparency and practices. Recent analysis by Majority Action, a nonprofit shareholder advocacy organization, found that the six top asset managers who received the letters contributed more than $1 million to members of Congress who opposed the election results after the Capitol insurrection through their political action committees (PACs) during the 2016-2020 election cycles. “The Capitol Insurrection demonstrates how pervasive lack of oversight and accountability for corporate political contributions can be destabilizing for our democracy,” said Eli Kasargod-Staub, Executive Director of Majority Action. Beyond the asset managers’ direct contributions to Congress members complicit in the Capitol Insurrection, the signatories are also calling attention to the role of the asset managers’ proxy voting in shielding companies from transparency for their political spending. Five of the six asset managers voted against the majority of the 48 shareholder proposals calling for greater lobbying and political spending disclosure at S&P 500 companies that received at least 20% support in the 2020 shareholder season. -
TABLE 4.24 the Treasurers and Other Chief Financial Officers: 2019
TREASURERS TABLE 4.24 The Treasurers and Other Chief Financial Officers: 2019 State or other Method of Length of regular Date of Present Maximum consecutive terms jurisdiction Name and party selection term in years first service term ends allowed by constitution Alabama John McMillan (R) E 4 1/2019 1/2023 2 Alaska Pamela Leary A Governor's Discretion 1/2014 … … Arizona Kimberly Yee (R) E 4 1/2019 1/2023 2 Arkansas Dennis Milligan (R) A 4 1/2015 1/2023 2 California Fiona Ma (D) E 4 1/2019 1/2023 2 Colorado Dave Young (D) E 4 1/2019 1/2023 2 Connecticut Shawn Wooden (D) E 4 1/2019 1/2023 « Delaware Colleen Davis (D) E 4 1/2019 1/2023 « Florida (a) Jimmy Patronis (R) (b) E 4 6//2017 (b) 1/2023 2 Georgia Steve McCoy A Pleasure of the Board 11/2011 … … Hawaii (c) Roderick Becker A Governor's Discretion 2019 … … Idaho Julie Ellsworth (R) E 4 1/2019 1/2023 « Illinois Mike Frerichs (D) E 4 1/2015 1/2023 « Indiana Kelly Mitchell (R) E 4 11/2014 1/2023 (d) Iowa Michael L. Fitzgerald (D) E 4 1/1983 1/2023 « Kansas Jacob LaTurner (R) E 4 4/2017 1/2023 « Kentucky Alison Ball (R) E 4 1/2016 1/2020 2 Louisiana John Michael Schroder Sr. (e) E 4 11/2017 (e) 12/2019 « Maine Henry Beck L 2 1/2019 1/2021 4 Maryland Nancy K. Kopp (D) L 4 2/2002 1/2023 « Massachusetts Deb Goldberg (D) E 4 1/2015 1/2023 « Michigan Rachael Eubanks A Governor's Discretion 2019 … … Minnesota (f) Myron Frans A Governor's Discretion 1/2015 … … Mississippi Lynn Fitch (R) E 4 1/2012 1/2020 « Missouri Scott Fitzpatrick (R) E 4 1/2019 1/2023 2 Montana Gene Walborn A Governor's Discretion 5/2018 … … Nebraska John Murante (R) E 4 1/2019 1/2023 2 Nevada Zach Conine (D) E 4 1/2019 1/2023 2 New Hampshire William Dwyer L 2 12/2014 1/2021 « New Jersey Elizabeth Muoio A Governor's Discretion 1/2018 … … New Mexico Tim Eichenberg (D) E 4 1/2015 1/2023 2 New York Christopher Curtis A Governor's Discretion 8/2016 … … North Carolina Dale Folwell (R) E 4 1/2017 1/2021 « North Dakota Kelly L. -
Concerns Regarding State Street's Own Disclosures
February 10, 2021 Ms. Amelia C. Fawcett Lead Director State Street Corporation c/o Office of the Secretary One Lincoln Street Boston, MA 02111 Dear Ms Fawcett: As State Treasurers or as elected fiduciaries and trustees of public funds and retirement savings with assets under management of over $1 trillion, we are frequently asked to evaluate asset allocations to asset managers such as State Street. We write to you today in our personal capacity as people affiliated with institutional investors due to our concern with the erosion of political stability in the United States. A functioning democracy is foundational to a stable economy, and we rely on economic and political stability in order to generate consistent investment returns on behalf of our beneficiaries. We believe that the events of January 6 add greater urgency to concerns and expectations regarding corporate political spending and lobbying transparency and practices. Accordingly, we join together as fellow capital markets participants to ask how State Street will reform both its own corporate practices as well as its approach to investment stewardship regarding the lack of transparency, alignment, and accountability in portfolio companies at which State Street votes proxies. Concerns Regarding State Street’s own Disclosures, Practices, and Reputation We expect State Street, as one of the world’s largest asset managers, to demonstrate excellence and leadership in best practices. Had State Street done so, perhaps the firm could have avoided the reputational harm related -
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11/9/2018 Mail - [email protected] NAST Morning Brief: State News Edition -::::=. NATIONAL ASSOCIATION OF -::::=. STATE TREASURERS Friday, November 9th, 2018 Round Up IN THIS BRIEFING NASTNews - Featured Article - State News Roundup - Top Tweet NAST News SIGN UP: Registration for the 2019 Legislative Conference is NOW OPEN, Early Bird Rate Available! We are pleased to announce that registration forNAST's 2019 Legislative Conferenceis now open! The conferencewill be held at the historic Mayflower Hotel in Washington, D.C. The conferencewill begin on Sunday, February 10th and run through February 12th. For the firsttime ever, NAST willbe offering early bird registration rates which will be available until January 7th. Additionally, NAST will be https://outlook.office.com/owa/?path=/mail/inbox 1/6 11/9/2018 offeringa Live Stream of the three sessions on Monday morning. Please go here to learn more and register forNAST's 2019 Legislative Conference! 2019 Conference Sponsorship Opportunity For the firsttime, NAST is offeringconference sponsorship opportunities through their new database and they can be purchased online. You can add more than one sponsorship into your shopping cart if you are interested in purchasing sponsorships foreach conferenceopportunity. To learn more click here. If you have any question please contact Emma Hey:dlauff. Featured Article 2018 Election Results The National Association of State Treasurers has been monitoring the elections this week to make sure you had a comprehensive roundup on the Treasurer races -
Financial Education and Empowerment Committee Alabama
Financial Education and Empowerment Committee STATE TREASURY PROGRAM CENSUS By State (updated April 9, 2019) Alabama Hon. John McMillan Dedicated Financial Literacy Staff Brittany Carter, External Affairs Email: [email protected] Tel. 334-353-5169 Programs Beginning with the 2013-14 academic year the Alabama State Department of Education implemented the Career Preparedness required course of instruction. The areas of instruction include academic planning and career development, financial literacy and technology. The courses specific to financial education encompass managing finances and budgeting, saving and investing, banking and financial institutions, credit and debt, and risk management and insurance. The Treasurer’s Office is working to enhance financial literacy educational opportunities beyond the required courses of study. We are working collaboratively with the Alabama Department of Education, Governor’s Office, state banking associations and other key groups to provide additional education opportunities for Alabama students. Currently, Treasury does not have a formal governance structure or earmarked funding for financial literacy. The Office presently offers several projects that support and incorporate elements of financial literacy, including the CollegeCounts 529 college savings program and Enable Alabama’s ABLE program. Alabama Treasury provides links to Financial Literacy Sources http://treasury.alabama.gov/financial-education/ Arizona Hon. Kimberly Yee Dedicated Financial Literacy Staff Rebecca Reigelsberger, Director of External Affairs Email: [email protected] Tel. 602-542-7844 1 Mission Statement As financial literacy and money management are basic life skills that are critical for citizens to succeed in life, the Arizona Treasurer’s Office is committed to increasing the level of financial education among Arizonans.