Board Meeting: December 15
At this meeting, a quorum was present, and the Board took the following actions:
- Authorized the Comptroller of the City of New York to invest certain portions of the Contingent Reserve Fund, the Pension Reserve Fund, the Annuity Savings Fund, and the Annuity Reserve Fund for a three-month period, terminating on March 31, 2011.
- Authorized the Comptroller of the City of New York to invest the net contributions derived from the Fixed portion of the Tax-Deferred Annuity Program for a three-month period terminating on March 31, 2011.
- Adopted certain revisions to the Investment Policy Statement for the variable-return Passport Funds, including the change of the Stable-Value Fund to the Bond Fund.
- Approved the clarification of policies related to the payment of interest on delayed payments and death benefits.
Investment Meeting: December 1