Boston Retirement Board Meeting

Meeting Convenes - Introduction of Members & Guests

Review and Acceptance of Past Administrative Session Minutes

Outstanding/Ongoing Administrative Issues: Timothy J. Smyth, Executive Officer

• Administrative Update
• IT update – discussion only
• Funding Schedule and whether to adopt glide approach to funding - discussion and vote
• COLA and COLA base schedule - discussion only
• PERAC Memos, Reports and/or Forms for Board education:
• PERAC Memo 11-2026 re Disability Presumptions and Pre-Employment Physicals
• PERAC Memo 12-2026 re Violent Act Injury Disability – Updated Forms

Outstanding/Ongoing Investment Issues: John F. Kelly, Investment Analyst

• Investment Update

• Emerging Market Debt Search – discussion and vote

• Gramercy
• Artisan
• Aberdeen

• Private Debt Review – discussion only
• 2026 Asset Allocation Review – discussion only
• February 2026 Flash Report – discussion only

• Work Plan – discussion only
• Manager Updates – discussion only
  • Pollen
• Hamilton Lane Separately Managed Account recommendations – discussion and vote
  • RedBird Capital Partners Financial Services Fund I ($10 million)
  • NewView Capital Fund IV ($10 million)

Outstanding/Ongoing Financial Issues: Ellen M. McCarthy, Comptroller

Financial Update

February 2026 financial snapshot

Financial documents for Board to be provided by Comptroller:

• Cash Projections
• MMDT Reconciliation
• Cash Receipts Summary
• Cash Disbursements Summary
• Adjusting Entries Summary
• MMDT Statement
• General Ledger
• Warrants
• Trial Balance
• Operating
• Retirement Payments
• Direct Deposit
• BRS Cash Projections

Outstanding/Ongoing Operations Issues:  Christine M. Weir, Deputy Director

• Operations Update
• February 2026 Pension Payroll update – discussion only
• Backlog Processes update – discussion only

Outstanding/Ongoing Legal Issues:  Natacha Thomas, General Counsel

• Legal Update

Old Business

New Business

Executive Session

The Board shall enter into Executive Session in order to discuss the physical condition or mental health of an individual(s) pursuant to GL c. 30A, §21(a)(1).  Specifically, the Board shall consider applications for accidental disability retirement benefits, ordinary disability retirement benefits and/or petitions for accidental death benefits.  Finally, the Board may also consider litigation strategy, pension forfeiture, personnel matters and/or the deployment of security personnel or devices, or strategies with respect thereto.

The Board shall re-convene in Administrative Session in order to consider any remaining agenda items and then adjourn.