NOTICE OF REGULAR MEETING AMENDED AGENDA FOR POLICE  CITY OF GALVESTON EMPLOYEES RETIREMENT FUND TO BE HELD AT 10:00 am., TUESDAY, NOVEMBER: 12, 2024  HAM, LANGSTON & BREZINA, LLP 2200 MARKET,4"FLOOR  1. Quorum Determination 2. Call to order  3. Open Public Forum/Comment Period  4. Action Items:  4a. Approve minutes of August 6, 2024 regular meeting  4b. Ratification of Officer loans Duenez, (2 loans), Blake, Gonzales, Gardner, Smith, Torres, Baily, 4c. Possible changes to investment portfolio, ifany, as recommended by Quantitative Group (Kern) 4e. Discussion and possible approval of requesting an actuarial study oft the effect ofa COLA for 4f. Discussion and possible action requesting an actuarial study regarding the impact to the Plan of 4g. Clarification by Board as to intention ofe eliminating both employe and city contributions on  Rivera, and Sloan  4d. Discussion and selection of audit firm for year-end December 31, 2024  retired officers  losing contributions in rollout pay, and an explanation of the current process.  rollout pay or elimination of only on.  5. Reports  5a. Chairman's Report 5b. Investment Report by Quantitative Group 5c. Financial Statements 5d. Other board member reports 6. Discussion Items:  7a. Discussion and report from committee members to meet on an ongoing basis regarding the  following possible plan changes that willi impact the nexty year: special study regarding rollup pay and  Follow-up discussion on determination of how years of service are calculated and how admin (unpaid) leave impacts years of service, and how that is communicated to the administration and the Plan; report from ad hoc committee previously formed to evaluate  same (from August 6 meeting)  7b. Discussion of City contribution received in October, 2024  7c. Identification of any necessary bylaw or plan document changes (deferred from prior meetings)  7. Motions for future action items 8. Motions for future discussion items    9. Reminder next meeting date Tuesday, February 4, 2025  10. Adjournment  Executive Session-Pursuant to Chapter 551,Subchapter D, Texas Government Code At any time during the meeting, the Board may convene in closed session to deliberate any oft the matters listed on this agenda as authorized by Chapter 551 ofthe Texas Government Code, including Sections 551.071 (consultation with attorney), 551.072 (deliberation regarding real property), 551.073 (deliberation regarding prospective gifts), 551.074 (deliberation regarding personnel matters),or  551.087 (deliberation regarding economic development negotiations).  STE 11/07/2024 8:15AM Alvarez CITY SECRETARY'S OFFICE  Ann S. Masel, CPA Administrator Please Note  Members oft the City Council may! be attending and participating int the discussion.  OPEN COMMENT PERIOD  At such time as is designated on the Agenda, the Board will allow an open comment period, not to exceed one hour, to receive public comment on any other matter that is under the jurisdiction of the Board. Public comment that does not relate to a specific agenda item must be made during the open comment period. Each speaker will be allowed such time as is identified by the Chair, but in no event more than a maximum of three (3) minutes. Speakers must be signed up prior to the beginning of the open comment period. For subjects that are not otherwise part of the agenda for the meeting, Board members may neither comment nor question speakers during the open comment period, but may request the Chair, or a recognized committee, to investigate the subject further. No action will be taken on matters that are not part of the agenda for the meeting. The public will be permitted to offer public comments telephonically as provided by the agenda and IN ACCORDANCE WITH THE PROVISIONS OF THE AMERICANS WITH DISABIITIES ACT(ADA), PERSONS IN NEED OF A SPECIAL ACCOMODATION TO PARTICIPATE IN THIS PROCEEDING SHALL, WITHIN THREE (3) DAYS PRIOR TO ANY PROCEEDING, CONTACT THE CITY SECTARY'S OFFICE, SUITE 201; 823 ROSENBERG; GALVESTON, TEXAS  as permitted by the presiding officer during the meeting  77550; (409)797-3510