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Pensions and Benefits
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
JUNE 30, 2014
ORDER OF BUSINESS

In accordance with the Open Public Meetings Act, adequate notice of this special meeting was provided to the Secretary of State, the Star Ledger and the Trenton Times.

DISCLOSURE OF THE OPEN PUBLIC MEETINGS ACT

(B) When necessary, the Board shall adopt Resolution B to go into executive session to request/receive attorney-client advice from the Deputy Attorney General, which states:

In accordance with the provisions of the Open Public Meetings Act, N.J.S.A. 10:4-13, be it resolved that the Board of Trustees go into closed session to discuss matters falling within the attorney client privilege, and/or matters in which litigation is pending or anticipated, pursuant to N.J.S.A. 10:4-12(7).

The minutes of such meeting shall remain confidential until after such time as the Board determines that the need of confidentiality no longer exists and the matters discussed can be disclosed and the Board waives the attorney-client privilege.


OPEN SESSION


Called to Order: 4:01 p.m.

Adjourned: 4:25 p.m.

Roll Call:

Tom Bruno; Suzanna Buriani-DeSantis; Leon Flanagan; Benjamin Hurst;
Peter Maurer; Bill O’Brien


Absent: Trustees Susanne Culliton; Ned Thomson; Ron Winthers all recused
from this agenda item at the June 18, 2014 Board meeting.

Also Present: Hank Schwedes; Lisa Pointer

OPEN SESSION

Old Business

 

A motion was approved to authorize the PERS Chairman, Tom Bruno, and the Board Secretary’s Office to move forward with retaining outside legal counsel to handle litigation against Governor Christie’s proposal to disregard the mandated pension payment under PL 2011, c. 78. The Board also authorized the Board Chairman and the Board Secretary’s Office to handle all aspects of the RFQ process. The information necessary to the RFQ process was provided on the Website of the Division of Pensions and Benefits. Included also was a link to the RFQ mailbox by which submissions were to be made: BOTRFQOutsideCounsel@treas.nj.gov

New Business

 

Trustee Bruno presented to the Board the response to the RFQ for outside litigation counsel. Trustee Maurer made a motion seconded by Trustee O’Brien to retain Robert Klausner of the law firm Klausner, Kaufman, Jensen & Levinson located in Plantation, Florida. The vote was unanimous.

 

The next meeting of the Board will be held on July 16, 2014.

 

 
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