commissioner paskin jordan, aye. commissioner stansbury, aye. >> the motion passes. >> item 5, consent calendar. >> consent calendar. is there discussion on this item? seeing none let's take public comment. public comment on item 5 on the consent calendar? seeing none public comment is closed at this time. we have a motion to accept? >> i move the accept the consent calendar as presented >> motion made by commissioner stansbury and seconded by commissioner meiberger. >> did i second that? >> motion made by commissioner stansbury, second by commissioner meiberger. >> can i make a comment regarding paskin jordans attendance at [inaudible] i notice air fair wasn't on there. >> we are on item 5, consent calendar. >> i want to make sure that you-okay, i'm fine then. >> thank you. all in favor please say aye. all opposed? this motion passes unanimously. call the next item >> item 6, discondition item the esg committee report >> the environmental social government committee met on july 15. we had a good discussion with pres

commissioner paskin jordan. present mpt commissioner stansbury >> item 3 general public comment. >> thank you. speak into the m ic. sorry i couldn't help myself, you always say it, i had to say it to you. >> [inaudible] >> good afternoon commissioners. i'm patrick [inaudible]. executive director hish to hand a verbatim transscript of last months meeting. [inaudible] i testified july 8, [inaudible] should table the [inaudible] investment. mrs. [inaudible] noted the proposal doesn't meet guidelines. commissioner driscoll asked whether it involves a prohibited [inaudible] commissioner stansbury asked [inaudible] regarding ers investment staff and whether they have experience with asset back liability securitization. loan obligations and a finding credit ratings to individual securities noting they go hand in hend hand with a potential [inaudible] investment. mr. cocoresponded that no ers staff has such experience and contracts with external managers for this expertise. there is no bench mark and no liquid secondary

commissioner paskin jordan.ssioner stansbury >> item 3 general public comment. >> thank you. speak into the m ic. sorry i couldn't help myself, you always say it, i had to say it to you. >> [inaudible] >> good afternoon commissioners. i'm patrick [inaudible]. executive director hish to hand a verbatim transscript of last months meeting. [inaudible] i testified july 8, [inaudible] should table the [inaudible] investment. mrs. [inaudible] noted the proposal doesn't meet guidelines. commissioner driscoll asked whether it involves a prohibited [inaudible] commissioner stansbury asked [inaudible] regarding ers investment staff and whether they have experience with asset back liability securitization. loan obligations and a finding credit ratings to individual securities noting they go hand in hend hand with a potential [inaudible] investment. mr. cocoresponded that no ers staff has such experience and contracts with external managers for this expertise. there is no bench mark and no liquid secondary market. has a ext

just by a recap for commissioner paskin joreden there was a motion made to accept the recommendation from staf and seconded so now we take a vote. all in favor aye. opposed? the aye's have. item 14 with would like to continue to the next board meeting. >> my i ask why we are continuing this for the second month in a row? >> we are continuing because commissioner makras would like to speak on the item and as a courtesy- >> i'll for continuing item to give members of the board to speak on them about at some point as a board it isn't good guv rns to continue deferring items until someone can be here. as member thofz board said you can choose to be here or not be here, but for the board to run, we need to vote son things and talk about things. i don't think it makes sense to continue it another month but understand that is your prerogative >> that you can for sharing your comments. do we need it take public comment on this? could you call item 15 >> discussion item and [inaudible] >> very briefly, this is the fiscal year of travel. you can see we had expenditures in the last quarter that

. >> commissioner paskin jordan. >> i noticed that double line was xed out and want to understand, is that the length of time of their track regard? >> it wasn't due to the length of time in the track record, it is just it was more voltile than we were looking for. we included 3 more conservative products because that is what we felt was best. >> [inaudible] >> any other discussions? mr. disical driscoll >> i have a question to alan martin. question to alan martin. one of the things we discovered about nfpc and your manager selection-you have your own short list in every area. is there anything in the short list with this piece of the fixed income that isn't on this list of 5? >> the short list has for each strategy 15 or 20s names so there are names on that list that are not here. the other side of that is 5 of the 6 managers are indeed with respect to the manager on our recommended list. >> they are on it, okay, good. thank you. >> is there a way that we can see your 15 on that list? >> yes. >> okay. commissioner stansbury. >> thank you. within the world of core plus, the managers-w

commissioner paskin jordan.tem 3 general public comment. >> thank you. speak into the m ic. sorry i couldn't help myself, you always say it, i had to say it to you. >> [inaudible] >> good afternoon commissioners. i'm patrick [inaudible]. executive director hish to hand a verbatim transscript of last months meeting. [inaudible] i testified july 8, [inaudible] should table the [inaudible] investment. mrs. [inaudible] noted the proposal doesn't meet guidelines. commissioner driscoll asked whether it involves a prohibited [inaudible] commissioner stansbury asked [inaudible] regarding ers investment staff and whether they have experience with asset back liability securitization. loan obligations and a finding credit ratings to individual securities noting they go hand in hend hand with a potential [inaudible] investment. mr. cocoresponded that no ers staff has such experience and contracts with external managers for this expertise. there is no bench mark and no liquid secondary market. has a external manager and fidu