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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