Embed Size (px)
Citation preview
2017-12-18 TOC.doc
Board of Trustees Meeting Public School Retirement System
of the City of St. Louis December 18, 2017
Table of Contents
Meeting Agenda and Notice
Minutes of Board of Trustees Meetings ................................................................ Tab 1 Board of Trustees Regular Meeting: October 16, 2017
Consent Agenda Items for Approval ..................................................................... Tab 2 Retirements and Benefits: November and December 2017
Refund Distributions Paid: October and November 2017
Bills Paid: October and November 2017
Minutes of Committee Meetings ............................................................................ Tab 3 Investment Committee: October 19, 2017
Professional Contracts Committee: November 20, 2017
Trustee Business Committee: December 6, 2017
Action Items, Communications and Reports ......................................................... Tab 4 Proposed 2018 Board of Trustees Regular Meeting Schedule
Proposed 2018 Operating Budget
Letter to SLPS: October 11, 2017
Routine Information Items ..................................................................................... Tab 5 Investment Information: September and October 2017, and Year-to-date Investment Fees
Year-to-Date Budget Information: October and November 2017
Professional Services Invoices
Travel Expenses Reports: 2016 & 2017 Calendar Years
2017-12-18 AGENDA.DOC
Board of Trustees Meeting December 18, 2017, 4:30 P.M.
Public School Retirement System 3641 Olive Street of the City of St. Louis 2nd Floor Boardroom (314) 534-7444 St. Louis, MO 63108-3601
Order of Business
I. Roll Call and Announcement of a Quorum
II. Approval of Minutes of Last Meeting(s) (Tab 1) Board of Trustees Regular Meeting, October 16, 2017
III. Seating of New Members Angela Banks: SLPS Board Appointed Trustee
IV. Reading of Communications to the Board of Trustees
V. Presentations by Interested Parties
VI. Consent Agenda (Tab 2) 1. Approval of Retirements and Benefits (November and December 2017) 2. Approval of Refunds and Bills (October and November 2017)
VII. Unfinished Business
VIII. Report of the Chairperson Election of 2018 Board of Trustees Chairperson and Vice-Chairperson
IX. Report of the Executive Director Proposed 2018 Board of Trustees Regular Meeting Schedule (Tab 4)
X. Report of the Investment Consultant
XI. Report of the Actuary Actuarial Cost Statement – 2017 Legislative Changes
XII. Reports of Committees of the Board (Tab 3) ♦ Benefits – Louis Cross ♦ Trustee Business – Sheila Goodwin (December 6, 2017) (needs action) ♦ Investment – Joe Clark (October 19, 2017) (needs action) ♦ Legislative, Rules & Regulations – Yvette Levy ♦ Professional Contracts – Eural Thomas (November 20, 2017)
XIII. New Business
XIV. Report of the Attorney
XV. Adjournment
Public School Retirement System of the City of St. Louis
3641 Olive Street, Suite 300 St. Louis, MO 63108-3601
Voice: (314) 534-7444 Fax: (314) 533-0531
TO: Angela Banks Christina C. Bennett Paula Bentley Joseph Clark Darnetta Clinkscale Louis Cross Sheila P. Goodwin Yvette A. Levy Bobbie Richardson Rick Sullivan Eural R. Thomas
Cc: Kristin Finney-Cooke, Jeff Hartnett, Thomas Helm, Troy Jaros
FROM: Andrew Clark
TODAY: December 8, 2017
RE: Board of Trustees Regular Meeting Monday, December 18, 2017
Board of Trustees Regular Meeting A regular meeting of the Board of Trustees will be conducted on Monday, December 18, 2017, beginning at 4:30 p.m. The Board of Trustees may vote to close a portion of the meeting pursuant to R. S. Mo. §610.021(1), to discuss a legal matter with the Attorney. The meeting venue will be the boardroom on the second floor of the retirement system’s office building at 3641 Olive Street, St. Louis, MO 63108. Please contact me whether you plan to attend the meeting or not. Thank you.
TAB 1
Regular Board Meeting Minutes 10-16-17.doc
PUBLIC SCHOOL RETIREMENT SYSTEM OF THE CITY OF ST. LOUIS
MINUTES OF THE BOARD OF TRUSTEES REGULAR MEETING October 16, 2017
I. ROLL CALL AND ANNOUNCEMENT OF A QUORUM The October meeting of the Board of Trustees of the Public School Retirement System of the City of St. Louis (PSRSSTL) was called to order at around 4:40 p.m., Monday, October 16, 2017. The meeting was held in the 2nd floor boardroom of the PSRSSTL office building located at 3641 Olive Street, St. Louis, Missouri. Joseph Clark, Chairman of the Board of Trustees, was the presiding officer. Roll Call was taken and Trustees Christina Bennett, Paula Bentley, Joseph Clark, Louis Cross, Sheila Goodwin and Eural Thomas were present. The Board of Trustees had a quorum at the meeting. Trustees Darnetta Clinkscale and Bobbie Richardson joined the meeting in progress. Trustees Yvette Levy and Rick Sullivan were absent. Executive Director, Andrew Clark, Accounting Specialist, Terry Mayes, PSRSSTL Attorney Representative, Matt Gierse, and several interested parties were also in attendance.
II. APPROVAL OF MINUTES FROM LAST MEETING Sheila Goodwin made a motion, seconded by Eural Thomas, to approve the minutes of the Board of Trustees Regular Meeting of August 21, 2017. The Chairman announced that a correction on page 3 of 5 in the Investment Committee section of the minutes would be made to change the date of the August Investment Committee meeting from the 21st to the correct date of August 17, 2017. There was no further discussion. By voice vote, motion carried.
III. SEATING OF NEW MEMBERS The Chairman announced his re-election as a Retired Non-Teacher Trustee.
IV. READING OF COMMUNICATIONS TO THE BOARD OF TRUSTEES None
V. PRESENTATIONS BY INTERESTED PARTIES Retiree, Erma Nevels, expressed concerns over the lack of a COLA.
VI. CONSENT AGENDA Christina Bennett made a motion, seconded by Louis Cross, to approve the Retirements and Benefits of September and October 2017.
Board of Trustees Meeting October 16, 2017 Page 2 of 3 By voice vote, motion carried. Christina Bennett made a motion, seconded by Louis Cross, to approve the Refunds and Bills of August and September 2017. By voice vote, motion carried.
VII. UNFINISHED BUSINESS None
VIII. REPORT OF THE CHAIRPERSON The floor was opened for nominations of the 2018 & 2019 Treasurer of the Board of Trustees. Christina Bennett nominated Louis Cross. There were no other nominations and the floor was closed. It was announced by acclamation that Louis Cross will serve as Treasurer of the Board of Trustees for 2018 & 2019.
IX. REPORT OF THE EXECUTIVE DIRECTOR The Executive Director reported on the Independent Auditor’s Report on the Schedules of Pension Information for Participating Employers as required under Governmental Accounting Standards Board (GASB) Statement No. 68, and 2016 & 2017 Trustee Travel Expenses, by referring to documents in the board packet. The Executive Director also reported on the schedule for the upcoming open enrollment period for 2018 retiree health insurance.
X. REPORT OF THE INVESTMENT CONSULTANT None
XI. REPORT OF THE ACTUARY In the absence of the Actuary, the Executive Director reported that the Cost Statement for Senate Bill No. 62 will be presented at the next Board of Trustees Regular Meeting.
XII. REPORTS OF COMMITTEES OF THE BOARD OF TRUSTEES The Chairman asked for reports from the Committees. Benefits Committee The Chairman filled the vacancy created following the death of Mr. Charles Shelton by appointing Louis Cross as Chair of the Benefits Committee. Trustee Business Committee None
Board of Trustees Meeting October 16, 2017 Page 3 of 3 Investment Committee Joe Clark, Chair of the Investment Committee, reported on the meetings of August 17 and September 21, 2017, by referring the Trustees to the Committee meeting minutes. The Chair reminded the Board of Trustees of the upcoming meeting on October 20, 2017. Legislative, Rules & Regulations Committee None Professional Contracts Committee Eural Thomas, Chairman of the Professional Contracts Committee announced that a meeting will be scheduled for Thursday, November 2, 2017, to begin the review of the Investment Consulting Services proposals.
XIII. NEW BUSINESS The Chairman and the Board of Trustees wished Trustee Bobbie Richardson a Happy Birthday. There was discussion about the resignation of Trustee John Moten and that the school board has been notified.
XIV. REPORT OF THE ATTORNEY The Attorney Representative made comments about the status of the research on Senate Bill No. 62.
XV. ADJOURNMENT Christina Bennett made a motion, seconded by Louis Cross, to adjourn the meeting. By voice vote, motion carried and the meeting adjourned at around 5:10 p.m. Attachments: Retirements & Benefits: September and October 2017 Refunds & Bills: August and September 2017 Schedules for Employers and Independent Auditors’ Report, December 31, 2016 and 2015 Travel Activity and Expenses, Calendar Years 2016 & 2017
To be Authorized and Approved
by the Board of Trustees
NAME \
POSITION DATE
Jennifer Bush 8/1/2017 Early 6.0718 $50,445.47 $462.27
Development Manager
Regina Casey 8/1/2017 Normal 16.5902 $32,371.52 $895.08
Elementary School Secretary
Omayma Deeba 8/1/2017 Normal 23.0500 $75,623.42 $2,905.20
Teacher
Evelyn Finley 8/1/2017 Normal 29.9722 $61,236.14 $3,058.97
Teacher
Alfred Grady 8/1/2017 Normal 24.0000 $76,329.52 $3,053.18
Teacher
Rumell Lomack 8/1/2017 Normal 26.0444 $79,209.48 $3,438.27
Teacher
Jacqueline Mitchell 8/1/2017 Normal 30.0000 $66,505.15 $3,325.26
School Nurse
Alethea Shelton 8/1/2017 Early 18.5223 $57,027.88 $1,223.01
School Nurse
Alan Wall 8/1/2017 Normal 8.1389 $60,998.10 $827.43
Teacher
Elsa Whitfield 8/1/2017 Normal 17.2198 $52,835.80 $1,516.37
Teacher
RETIREMENT
APPLICATIONS FOR RETIREMENT
TYPE BENEFIT
MONTHLYFINAL AVG
SALARY
CREDITED
SERVICE
Page 1 of 1 September 2017
To be Authorized and Approved
by the Board of Trustees
NAME \
POSITION DATE
Roy Bailey 9/1/2017 Normal 24.0000 $39,716.55 $1,588.66
Spec Ed Instr Care Aide
Darlean Bobo 9/1/2017 Early 21.1500 $65,862.26 $2,295.84
Teacher
Lewis Bonnett 9/1/2017 Disability 5.9165 $34,883.48 $553.50
Custodian
Laura Craig 9/1/2017 Normal 30.0000 $94,765.23 $4,283.39
Librarian
Kathleen Davis 9/1/2017 Normal 7.1584 $49,343.51 $588.70
School Nurse
Joyce Declue 9/1/2017 Normal 21.0444 $66,919.77 $2,347.15
Teacher
Gregory Gist 9/1/2017 Disability 23.3866 $56,474.31 $2,201.24
Teacher
Barbara Johnson 9/1/2017 Normal 30.0000 $63,934.69 $3,196.73
Librarian
Kim McCray 9/1/2017 Normal 30.0000 $35,115.93 $1,755.80
Teacher Assistant
Mary Merrifield 9/1/2017 Normal 5.1683 $64,718.31 $557.47
Evaluator
Joann Nolte 9/1/2017 Early 5.1131 $66,148.04 $460.35
Teacher
Lauren Patten 9/1/2017 Normal 28.3222 $71,013.41 $3,352.09
School Counselor
Patricia Taylor 9/1/2017 Normal 26.1500 $66,166.67 $2,883.76
Teacher
Sandra Williams 9/1/2017 Early 12.9444 $65,933.37 $1,280.19
Teacher
Donald Wilson 9/1/2017 Normal 18.0826 $44,426.84 $1,338.92
Safety Officer II
RETIREMENT
APPLICATIONS FOR RETIREMENT
TYPE BENEFIT
MONTHLYFINAL AVG
SALARY
CREDITED
SERVICE
Page 1 of 1 October 2017
Page
1 o
f 2
CH
ECK
CH
ECK
GR
OSS
FED
ERAL
NET
A(ct
ive)
D(e
ath)
NU
MB
ERD
ATE
LAST
NAM
EFI
RST
NAM
E/M
IPA
YTA
XES
W/H
PAY
R(e
tired
)S(
epar
atio
n) N
OTE
S07
3121
08/0
3/17
CO
LEM
AN
DEN
ISE
5,20
8.25
5,20
8.25
AS
CA
0731
2208
/03/
17H
ANSE
NER
IK2,
353.
612,
353.
61A
SN
SCS
0731
2308
/03/
17H
AYW
OO
D-G
ASKI
NAN
GEL
A 11
,133
.73
2,22
6.75
8,90
6.98
AS
BLC
A -C
LOSE
D07
3124
08/0
3/17
JON
ES
JER
EMY
2,74
9.81
549.
962,
199.
85A
SLF
L07
3125
08/0
3/17
MO
OR
EVA
NYA
H4,
993.
4799
8.69
3,99
4.78
AS
JAM
MA
SLPS
0731
2608
/03/
17AL
CO
RN
CH
ERES
E2,
582.
432,
582.
43A
S07
3127
08/0
3/17
APLI
N
GEO
RG
E9,
422.
169,
422.
16A
S07
3128
08/0
3/17
BRAD
SHAW
LESL
IE
1,19
3.87
238.
7795
5.10
AS
0731
2908
/03/
17BR
ITTO
NH
EATH
ER N
10,0
73.2
72,
014.
658,
058.
62A
S07
3130
08/0
3/17
BUR
NEY
LOR
ENE
2,59
2.24
2,59
2.24
AS
0731
3108
/03/
17C
HR
ISTI
AN
CH
ERYL
2,39
2.51
478.
501,
914.
01A
S07
3132
08/0
3/17
CO
LEM
AN
CH
ERYL
4,72
9.03
945.
813,
783.
22A
S07
3133
08/0
3/17
DAL
E KE
LLY
2,29
2.73
2,29
2.73
AS
0731
3408
/03/
17G
RAY
SHEE
NA
4,59
6.62
919.
323,
677.
30A
S07
3135
08/0
3/17
MIL
LER
ASH
LEY
5,31
7.25
1,06
3.45
4,25
3.80
AS
0731
3608
/03/
17M
OLE
YPA
ULI
NE
10,4
83.6
710
,483
.67
AS
0731
3708
/03/
17M
OR
AN
MAR
TIN
P
3,61
2.29
3,61
2.29
AS
0731
3808
/03/
17SC
HU
HW
ERK
LAU
RA
4,55
2.02
910.
403,
641.
62A
S07
3139
08/0
3/17
SMIT
HYO
LAN
DA
3,80
0.50
3,80
0.50
AS
0731
4008
/03/
17SP
EAR
SEM
ILY
2,33
4.56
466.
911,
867.
65A
S07
3141
08/0
3/17
WAR
REN
DAR
REN
1,63
7.10
327.
421,
309.
68A
S07
3142
08/0
3/17
WEB
BJA
NET
14,4
45.9
52,
889.
1911
,556
.76
AS
0731
4308
/03/
17W
OO
DS
PATR
ICK
L17
,273
.11
1,72
7.31
15,5
45.8
0A
DD
EC: E
WO
OD
S07
3174
08/1
8/17
BAKE
R
CR
ISTI
E M
33
,635
.05
33,6
35.0
5A
SPR
EM07
3175
08/1
8/17
DAK
INST
EPH
ANIE
2,
326.
7146
5.34
1,86
1.37
AS
LSM
S07
3176
08/1
8/17
GO
EDD
EM
ICH
ELLE
6,94
9.66
6,94
9.66
AS
CA
0731
7708
/18/
17H
IGH
TOW
ERM
ARSH
A1,
320.
9426
4.19
1,05
6.75
AS
CA
0731
7808
/18/
17H
AYN
ES
REN
ETTA
2,53
6.03
507.
212,
028.
82A
SKI
PP07
3179
08/1
8/17
LUED
ERS
GAL
INA
10,7
90.3
510
,790
.35
AS
GSA
STL
0731
8008
/18/
17M
AST
CO
UR
TNEY
2,09
8.38
419.
681,
678.
70A
SEA
GLE
0731
8108
/18/
17N
OM
ENSE
NTH
ERES
A11
,014
.30
11,0
14.3
0A
SLF
L SL
PS07
3182
08/1
8/17
PAIG
EAS
HLI
J
1,10
5.81
221.
2688
4.55
AS
HLS
G07
3183
08/1
8/17
SMIT
HC
ARM
EN1,
195.
6823
9.14
956.
54A
SLF
L
0731
8408
/18/
17TA
YLO
R
CO
LLEE
N1,
876.
021,
876.
02A
SPR
EC07
3185
08/1
8/17
TEN
NER
MYL
AI1,
457.
4429
1.49
1,16
5.95
AS
PREC
0731
8608
/18/
17W
HIT
E ET
OYA
1,00
1.06
200.
2180
0.85
AS
KIPP
0731
8708
/18/
17C
OH
EEJA
MES
3,
417.
653,
417.
65A
S07
3188
08/1
8/17
CO
LEM
AN
CAM
ERO
N
27,2
10.2
05,
442.
0421
,768
.16
AS
Dis
tribu
tions
- Au
gust
, 201
7
Page
2 o
f 2
CH
ECK
CH
ECK
GR
OSS
FED
ERAL
NET
A(ct
ive)
D(e
ath)
NU
MB
ERD
ATE
LAST
NAM
EFI
RST
NAM
E/M
IPA
YTA
XES
W/H
PAY
R(e
tired
)S(
epar
atio
n) N
OTE
S
Dis
tribu
tions
- Au
gust
, 201
7
0731
8908
/18/
17C
OTT
OJU
LIAN
A R
4,77
5.39
955.
083,
820.
31A
S07
3190
08/1
8/17
DEL
CAS
TILL
OKR
YSTL
E M
2,
386.
7747
7.35
1,90
9.42
AS
0731
9108
/18/
17FI
SCH
ERM
ARG
ARET
2,38
6.77
477.
351,
909.
42A
S07
3192
08/1
8/17
FOX
JO
SHU
A 14
,716
.68
2,94
3.36
11,7
73.3
2A
S07
3193
08/1
8/17
KIM
E III
JOH
N
5,06
8.94
1,01
3.79
4,05
5.15
AS
0731
9408
/18/
17M
AYR
OSE
CAT
HY
2,59
4.61
518.
922,
075.
69A
S07
3195
08/1
8/17
MO
NSE
RR
ATE
MEL
IND
A 16
,055
.13
3,21
1.03
12,8
44.1
0A
S07
3196
08/1
8/17
PIER
ARD
DO
UG
LAS
9,89
9.49
9,89
9.49
AS
0731
9708
/18/
17PL
UM
MER
ERIC
A 9,
986.
591,
997.
327,
989.
27A
S07
3198
08/1
8/17
RO
NG
EYAA
RYN
752.
6015
0.52
602.
08A
S07
3199
08/1
8/17
SCH
ARES
KATH
ERIN
E 7,
762.
397,
762.
39A
S07
3200
08/1
8/17
SHAH
IDKA
LIM
A 5,
555.
851,
111.
174,
444.
68A
S07
3201
08/1
8/17
WAT
SON
DAN
IELL
E12
,156
.41
2,43
1.28
9,72
5.13
AS
0732
0208
/18/
17W
EISS
ELIZ
ABET
H7,
289.
291,
457.
865,
831.
43A
S07
3203
08/1
8/17
YOU
NG
PE
RC
Y2,
501.
2550
0.25
2,00
1.00
AS
0732
2808
/25/
17H
OW
ELL
GLO
RIA
24,1
28.5
324
,128
.53
AS
CA
0732
2908
/25/
17TA
BBD
ARIO
N2,
677.
6853
5.54
2,14
2.14
AS
KIPP
0732
3008
/25/
17TH
ARP
BRIA
N18
,641
.94
3,72
8.39
14,9
13.5
5A
SC
A07
3231
08/2
5/17
TUR
NER
CAR
DO
SIJE
SSIC
A 10
,842
.87
2,16
8.57
8,67
4.30
AS
SCPA
0732
3208
/25/
17W
ALL
CH
RIS
TOPH
ER1,
611.
9632
2.39
1,28
9.57
AS
KIPP
0732
3308
/25/
17AL
LEN
RO
DER
ICK
4,29
2.30
858.
463,
433.
84A
S07
3234
08/2
5/17
BOW
EN
REB
ECC
A2,
112.
652,
112.
65A
S07
3235
08/2
5/17
GIL
ARD
M
ARC
O3,
034.
4060
6.88
2,42
7.52
AS
0732
3608
/25/
17G
ON
ZALE
ZER
IKA
12,9
12.2
112
,912
.21
AS
0732
3708
/25/
17G
RO
SSO
STEV
EN A
4,
774.
764,
774.
76A
S07
3238
08/2
5/17
NES
BITT
TAR
A26
,347
.64
26,3
47.6
4A
S07
3239
08/2
5/17
OR
TIZ
MEG
AN
809.
1380
9.13
AS
0732
4008
/25/
17R
AY
JAR
ON
26
,528
.39
5,30
5.68
21,2
22.7
1A
S07
3241
08/2
5/17
TOW
NSO
NVA
UG
HN
9,15
0.64
9,15
0.64
AS
0732
4208
/25/
17VE
NTI
MIG
LIA
JEN
NIF
ER28
,671
.89
5,73
4.38
22,9
37.5
1A
S07
3243
08/2
5/17
YATE
SAN
DR
EW8,
393.
728,
393.
72A
S07
3244
08/2
5/17
SMIT
HKI
ARA
3,76
2.11
376.
213,
385.
90A
DD
EC: K
SM
ITH
(1 O
F 2)
530,
286.
44$
60
,689
.47
$
469,
596.
97$
TO
TAL
Pag
e 1
of 2
CH
ECK
CH
ECK
GR
OSS
FED
ERA
LN
ETA
(ctiv
e)D
(eat
h)N
UM
BER
DA
TELA
ST N
AME
FIR
ST N
AM
E/M
IPA
YTA
XES
W/H
PAY
R(e
tired
)S(
epar
atio
n) N
OTE
S07
3264
09/0
8/17
AV
ILA
ZA
CH
2,58
6.85
517.
372,
069.
48A
SKI
PP07
3265
09/0
8/17
BA
YRA
MM
UR
AT
3,45
6.77
691.
352,
765.
42A
SG
SA-S
TL07
3266
09/0
8/17
BU
BC
AIT
LIN
1,20
4.42
1,20
4.42
AS
GSA
-STL
0732
6709
/08/
17C
OFF
YND
AN
IELL
E20
,251
.62
20,2
51.6
2A
SSL
LIS
0732
6809
/08/
17D
AN
IEL
KE
LLY
2,10
7.77
421.
551,
686.
22A
SKI
PP &
SLP
S07
3269
09/0
8/17
GR
AC
AN
INN
ED
IM
1,65
1.79
330.
361,
321.
43A
SG
SA-S
TL07
3270
09/0
8/17
GR
UN
ST
GR
EG
OR
Y3,
404.
2368
0.85
2,72
3.38
AS
KIPP
0732
7109
/08/
17H
EID
BR
ED
ER
MIC
HA
EL
1,90
1.79
380.
361,
521.
43A
SG
SA-S
TL07
3272
09/0
8/17
LIN
DE
RTY
LER
16,6
26.5
33,
325.
3113
,301
.22
AS
CC
C, S
LPS
0732
7309
/08/
17M
ITC
HE
LLS
CO
TT51
,020
.89
51,0
20.8
9A
SC
A07
3274
09/0
8/17
NIE
HA
US
KR
ISTI
NA
910.
1618
2.03
728.
13A
SG
SA-S
TL07
3275
09/0
8/17
OV
ER
BY
BE
NJA
MIN
1,
646.
9332
9.39
1,31
7.54
AS
GC
AA07
3276
09/0
8/17
PO
IND
EXT
ER
JUS
TIN
2,
242.
9444
8.59
1,79
4.35
AS
KIPP
0732
7709
/08/
17P
OR
TER
GID
EO
N1,
129.
0222
5.80
903.
22A
SKI
PP07
3277
09/0
8/17
PO
RTE
RG
IDE
ON
(1,1
29.0
2)(2
25.8
0)(9
03.2
2)A
SVO
ID A
ND
REI
SSU
E07
3278
09/0
8/17
ALL
EN
MYA
20,6
40.8
84,
128.
1816
,512
.70
AS
0732
7909
/08/
17B
ELL
JAD
A10
,631
.75
2,12
6.35
8,50
5.40
AS
0732
8009
/08/
17G
AS
KIN
MIC
HE
LLE
8,79
3.05
1,75
8.61
7,03
4.44
AS
0732
8109
/08/
17G
RA
YLA
TAS
AH
M
38,4
89.3
938
,489
.39
AS
0732
8209
/08/
17H
AR
BIS
ON
KIM
BE
RLY
9,
791.
919,
791.
91A
S07
3283
09/0
8/17
JOH
NS
ON
HE
ATH
ER
6,16
1.91
1,23
2.38
4,92
9.53
AS
0732
8409
/08/
17M
AR
TIN
BR
I'AN
A23
,702
.46
4,74
0.49
18,9
61.9
7A
S07
3285
09/0
8/17
MO
NTG
OM
ER
YD
OM
INQ
UE
15
,251
.02
3,05
0.20
12,2
00.8
2A
S07
3286
09/0
8/17
MO
SB
YFA
RR
AH
8,67
7.78
1,73
5.56
6,94
2.22
AS
0732
8709
/08/
17P
OLK
E
RIC
A6,
134.
911,
226.
984,
907.
93A
S07
3288
09/0
8/17
SM
ITH
JAR
RA
D2,
630.
6052
6.12
2,10
4.48
AS
0732
8909
/08/
17V
OG
LER
LAU
RE
N C
5,
620.
911,
124.
184,
496.
73A
S07
3290
09/0
8/17
WA
TSO
N
TRE
SH
A
20,1
45.4
74,
029.
0916
,116
.38
AS
0732
9109
/08/
17W
ILS
ON
DA
RR
EN
11,9
03.6
12,
380.
729,
522.
89A
S07
3292
09/0
8/17
SM
ITH
A
LLE
N
10,4
00.3
61,
040.
049,
360.
32A
DD
EC: L
SM
ITH
3R
D B
ENF
DEC
DIS
TR R
EM07
3293
09/0
8/17
AYL
OR
A
RN
ITA
10
,400
.36
1,04
0.04
9,36
0.32
AD
DEC
: L S
MIT
H 3
RD
BEN
F D
EC D
ISTR
REM
0732
9409
/08/
17LI
ND
SE
YM
ELI
SS
HA
Y
71,2
66.2
86,
828.
9864
,437
.30
RD
DEC
: N C
AMP
0732
9409
/08/
17LI
ND
SE
YM
ELI
SS
HA
Y
(71,
266.
28)
(6,8
28.9
8)(6
4,43
7.30
)R
DVO
ID A
ND
REI
SSU
E07
3323
09/2
2/17
BA
LDR
IDG
ER
EB
EC
CA
8,95
0.96
8,95
0.96
AS
AQS-
CLA
, IAC
E07
3324
09/2
2/17
BA
RN
ETT
AS
IA
6,30
2.03
1,26
0.41
5,04
1.62
AS
KIPP
EAG
LE07
3325
09/2
2/17
BR
AU
KS
FAB
IAN
A
2,71
4.96
542.
992,
171.
97A
SG
SA S
TL, I
ACA
0733
2609
/22/
17B
UR
GH
OFF
EM
ILY
4,47
5.81
895.
163,
580.
65A
SLS
MS
0733
2709
/22/
17C
AM
PB
ELL
LAU
RE
N
7,80
1.74
1,56
0.35
6,24
1.39
AS
GC
AA H
LSG
GSA
STL
0733
2809
/22/
17C
OC
OS
PE
TER
2,34
7.93
469.
591,
878.
34A
SG
SAST
L S
LPS
0733
2909
/22/
17C
OO
KJO
RD
AN
1,
242.
7124
8.54
994.
17A
SLF
L07
3330
09/2
2/17
DA
VIS
JER
EM
Y12
,847
.98
2,56
9.60
10,2
78.3
8A
SO
TO, I
ACA,
SLP
S 07
3331
09/2
2/17
DE
MP
SE
YTH
ER
ES
A1,
862.
2437
2.45
1,48
9.79
AS
GSA
STL
Dis
tribu
tions
- Se
ptem
ber,
2017
Pag
e 2
of 2
CH
ECK
CH
ECK
GR
OSS
FED
ERA
LN
ETA
(ctiv
e)D
(eat
h)N
UM
BER
DA
TELA
ST N
AME
FIR
ST N
AM
E/M
IPA
YTA
XES
W/H
PAY
R(e
tired
)S(
epar
atio
n) N
OTE
S
Dis
tribu
tions
- Se
ptem
ber,
2017
0733
3209
/22/
17FR
ED
ER
ICK
SO
N
MA
TTH
EW
18,7
70.9
03,
754.
1815
,016
.72
AS
GC
AA
0733
3309
/22/
17G
OTT
LIE
BS
AM
AN
THA
4,86
0.65
4,86
0.65
AS
KIPP
0733
3409
/22/
17JO
HN
SO
NG
AR
Y 5,
295.
381,
059.
084,
236.
30A
SLF
L07
3335
09/2
2/17
LEW
IS
JOH
AN
NA
1,30
8.45
261.
691,
046.
76A
SC
A07
3336
09/2
2/17
LIN
THIC
UM
-MC
FAR
LAN
D
KR
ISTI
N
15,1
37.6
63,
027.
5312
,110
.13
AS
IAAS
, CA,
PR
EC, S
LPS
0733
3709
/22/
17M
EN
ZIE
DA
RLY
SH
IA1,
121.
4322
4.27
897.
16A
SKI
PP07
3338
09/2
2/17
OB
RIE
N
LAU
RE
N
2,35
3.61
2,35
3.61
AS
KIPP
0733
3909
/22/
17O
ZDU
MA
NH
AS
AN
E
2,00
6.61
401.
321,
605.
29A
SG
SAST
L07
3340
09/2
2/17
RE
ED
VA
NE
SS
A8,
995.
811,
799.
167,
196.
65A
SG
CAA
0733
4109
/22/
17W
HA
LEY
WH
ALE
Y3,
442.
6068
8.52
2,75
4.08
AS
GSA
STL
0733
4209
/22/
17W
HIT
ED
AW
N72
3.39
144.
6857
8.71
AS
BLC
A (C
LOSE
D)
0733
4309
/22/
17B
EC
KC
HR
ISTY
5,15
6.80
1,03
1.36
4,12
5.44
AS
0733
4409
/22/
17B
UC
HA
NA
NA
NG
ELO
41,3
65.1
741
,365
.17
AS
0733
4509
/22/
17H
YGR
AD
ED
ON
OV
AN
26
9.63
53.9
321
5.70
AS
0733
4609
/22/
17IB
RA
HIM
WA
FAA
1,68
2.57
336.
541,
346.
03A
S07
3347
09/2
2/17
JON
ES
C
ALV
IN
19,7
86.4
819
,786
.48
AS
0733
4809
/22/
17M
AR
SH
ALL
ALI
SH
A
12,5
02.9
42,
500.
5910
,002
.35
AS
0733
4909
/22/
17M
AS
ON
LA
UR
IE4,
971.
6399
4.33
3,97
7.30
AS
0733
5009
/22/
17M
AY
RE
GIN
A15
,068
.34
3,01
3.67
12,0
54.6
7A
S07
3351
09/2
2/17
MO
OR
E
KE
EN
A16
,547
.80
3,30
9.56
13,2
38.2
4A
S07
3352
09/2
2/17
PO
RTE
RJA
MA
RR
2,83
5.95
567.
192,
268.
76A
S07
3353
09/2
2/17
SM
ITH
LAM
AR
TZE
S1,
140.
9622
8.19
912.
77A
S07
3354
09/2
2/17
WA
RE
ALA
NA
5,06
4.18
1,01
2.84
4,05
1.34
AS
0733
5509
/22/
17W
RIG
HT
RE
GIN
A L
52,3
71.6
452
,371
.64
AS
0733
5609
/22/
17R
UTH
ER
FOR
DB
AR
BA
RA
A1,
592.
3515
9.24
1,43
3.11
AD
DEC
: S R
UTH
ERFO
RD
0733
5709
/22/
17C
OLE
MA
N
CLA
RA
422.
9142
2.91
AD
DEC
: K C
OLE
MAN
0733
5809
/22/
17M
ILLS
LO
UR
DE
S J
1,
406.
781,
406.
78A
DD
EC: P
MIL
LS07
3359
09/2
2/17
JON
ES
R
OS
EM
AR
Y5,
524.
345,
524.
34A
DD
EC: M
JO
NES
0733
6009
/22/
17B
RO
WN
A
NN
IE L
2,00
6.49
340.
681,
665.
81A
DD
EC: G
BR
OW
N07
3361
09/2
2/17
WIL
LIA
MS
E
RM
A J
5,30
3.40
1,06
0.68
4,24
2.72
AD
DEC
: M W
ILLI
AMS
0733
6209
/22/
17P
RIN
CE
LAW
RE
NC
E4,
451.
4444
5.14
4,00
6.30
RD
DEC
: C P
RIN
CE
0733
6309
/22/
17LI
ND
SE
YM
ELI
SS
HA
Y
2,97
6.46
2,97
6.46
RD
VOID
AN
D R
EISS
UE
0733
6409
/22/
17LI
ND
SE
Y FO
R N
AD
INE
CA
MP
ME
LIS
SH
A Y
68
,289
.82
68,2
89.8
2R
DVO
ID A
ND
REI
SSU
E07
3365
09/2
2/17
PO
RTE
RG
IDE
ON
1,12
9.02
225.
8090
3.22
AS
VOID
AN
D R
EISS
UE
702,
819.
01$
72
,005
.36
$
630,
813.
65$
TO
TAL
1 of 1
Payee Ck. Number Description AmountDate Paid August 4, 2017Office Payroll ACH Office Payroll 10,330.16AXA Equitable ACH 457 Contributions 2,223.00Date Paid August 4, 2017Ameren Missouri 73144 Electric Service 3,004.13AT&T 73145 U-Verse Internet 60.81OffsiteDataSync 73146 Online Backups 208.12Windstream Communications 73147 Telephone, Data 558.97Speciality Mailing 73148 Postage - Election Notice 1,790.98UPS 73149 UPS Delivery 7.28Purchase Power 73150 Postage 1,062.31Anders CPAs & Advisors 73151 Retired and Non-Retired Teacher Trustee Election 3,080.00Office Essentials 73152 Office Supplies 323.85BuildingStars STL Operations, Inc. 73153 Janitorial Services and Supplies 1,874.93MSD 73154 Sewer Service 58.22Paula R. Bentley 73155 Reimbursement - NCTR Conference 88.77Republic Services #346 73156 Trash Pick-Up 138.03CBRE - 608844 73157 Engineer Services 233.80Blue Chip Pest Services 73158 Pest Control 44.00Causeway Capital Management LLC 73159 2nd Quarter 2017 Management Fee 77,253.71Chicago Equity Partners, LLC 73160 2nd Quarter 2017 Management Fee 40,100.49The Edgar Lomax Company 73161 2nd Quarter 2017 Management Fee 43,307.24INTECH Investment Management LLC 73162 2nd Quarter 2017 Management Fee 29,752.67Loomis, Sayles & Company, L.P. 73163 2nd Quarter 2017 Management Fee 36,678.11Manulife Asset Management U.S. LLC 73164 2nd Quarter 2017 Management Fee 31,804.10Mondrian Investment Partners Limited 73165 2nd Quarter 2017 Management Fee 41,424.45Piedmont Investment Advisors, LLC 73166 2nd Quarter 2017 Management Fee 8,420.32Westfield Capital Management Company, LP 73167 2nd Quarter 2017 Management Fee 59,695.20Mellon Capital Management Corporation 73168 2nd Quarter 2017 Management Fee 65,163.38Mellon Capital Management Corporation 73169 2nd Quarter 2017 Management Fee 1,573.42Board of Education St. Louis Benefits Trust 73170 Office Employees Insurance - Dental 248.99Board of Education St. Louis Benefits Trust 73171 Office Employees Insurance - Vision 17.00Board of Education St. Louis Benefits Trust 73172 Office Employees Insurance - Life 87.35Progress Investment Management Co., LLC 73173 2nd Quarter 2017 Management Fee 74,964.45Date Paid August 18, 2017Office Payroll ACH Office Payroll 10,330.16AXA Equitable ACH 457 Contributions 2,223.00Date Paid August 21, 2017Absopure Water Company 73204 Water Cooler Service 120.85Conduent HR Consulting, LLC 73205 Actuarial Consulting Services - July and August 14,266.00AT&T 73206 Monthly Service Charge 236.92Parking Management Services, LLC 73207 September 2017 Parking - 2 Employees 130.00Parking Management Services, LLC 73208 Parking Ticket Validations - July 2017 37.50Hartnett Gladney Hettermann, L.L.C. 73209 Legal Fees 1,010.50Blade Technologies, Inc. 73210 Professional Services 1,336.84Crossroads Courier, Inc. 73211 Courier Service 6.01Office Essentials 73212 Office Supplies 519.84Charter Communications 73213 Charter Internet and Voice 179.96Access 73214 Scanning Services 411.35The Berwyn Group 73215 Death Check Verification Services 30.00Tech Electronics, Inc. 73216 Final Billing For Addition to Fire Alarm 1,286.24Pitney Bowes, Inc. 73217 Postage Supplies 166.33Speciality Mailing 73218 Postage - Daily Pickup 400.00Speciality Mailing 73219 Service - Annual Reports, Election Notice 3,294.31MSD 73220 Sewer Service 64.17BarnesCare 73221 Lewis Bonnett, Gregory T. Gist 200.00CBRE - 608844 73222 Management Fee - August 2017 1,108.00CBRE - 608844 73223 Engineer Services 204.58Tech Electronics 73224 Central Monitoring of Fire Alarm System 99.00St. Louis Mat & Linen Company 73225 Floor Mats 26.50US Bank 73227 2nd Quarter 2017 Custodial Fee 30,720.52
TOTAL $603,986.82
Public School Retirement System of the City of St. LouisChecks Written During the Month of August, 2017
1 of 1
Payee Ck. Number Description AmountDate Paid September 1, 2017
Office Payroll ACH Office Payroll 10,353.16AXA Equitable ACH 457 Contributions 2,223.00Date Paid September 5, 2017Ameren Missouri 73245 Electric Service 2,692.30AT&T 73246 U-Verse Internet 60.81OffsiteDataSync 73247 Online Backups 208.12Windstream Communications 73248 Telephone, Data 561.78Speciality Mailing 73249 Daily Pickup 190.00Office Essentials 73250 Office Supplies 687.37Gallagher Benefit Services, Inc. 73251 Group Ins. Consulting Services Monthly Fee 3,320.25Minuteman Press 73252 Newsletters, Envelopes 2,099.07GCI Security, Inc. 73253 Security Guard 08/21/2017 144.00NCTR 73254 NCTR Trustee Workshop Reg., Sheila Goodwin 2,165.00Tech Electronics, Inc. 73255 Addition to Fire Alarm 877.05Konika Minolta Business Solutions USA Inc. 73256 Service - Copier C364E 521.91Machinists' District 9 Building Corporation 73257 Hall Rental - Open Enrollment 11/01/2017 900.00Fidelity Institutional Asset Mgmt Trust Company 73258 2nd Quarter 2017 Management Fee 70,144.10Board of Education St. Louis Benefits Trust 73259 Office Employees Insurance - Dental 248.99Board of Education St. Louis Benefits Trust 73260 Office Employees Insurance - Vision 17.00Board of Education St. Louis Benefits Trust 73261 Office Employees Insurance - Life 87.35Sheila P. Goodwin 73262 Reimbursement - Mapers Conference 831.76Sheila P. Goodwin 73263 Reimbursement - NCTR Conference 1,874.48Date Paid September 15, 2017
Office Payroll ACH Office Payroll 10,353.16AXA Equitable ACH 457 Contributions 2,223.00Date Paid September 20, 2017Absopure Water Company 73295 Water Cooler Service 39.80AT&T 73296 Monthly Service Charge 236.92Parking Management Services, LLC 73297 October 2017 Parking - 2 Employees 130.00Parking Management Services, LLC 73298 Parking Ticket Validations - August 2017 78.00Hartnett Gladney Hettermann, L.L.C. 73299 Legal Fees 4,089.00Blade Technologies, Inc. 73300 Disaster Recovery Creation and Test 4,452.50Blade Technologies, Inc. 73301 Professional Services 1,336.84Crossroads Courier, Inc. 73302 Courier Service 6.01Office Essentials 73303 Office Supplies 259.66Charter Communications 73304 Charter Internet and Voice 179.96Access 73305 Scanning Services 411.35The Berwyn Group 73306 Death Check Verification Services 155.00Speciality Mailing 73307 Postage - Daily Pickup 230.00Speciality Mailing 73308 Postage - Election Notice, Newsletter, Benefit Stmts 10,922.98Gallagher Benefits Services, Inc. 73309 Group Ins. Consulting Services Monthly Fee 3,320.25BuildingStars STL Operations, Inc. 73310 Janitorial Services 1,386.00Jupiter Consulting Services, LLC 73311 Programming Consulting 3,591.00Pitney Bowes Global Financial Services LLC 73312 Lease Charges 1,410.00Sheila P. Goodwin 73313 Reimbursement - NASP Conference 1,198.02Tom Kineally 73314 Office Supplies 34.90Republic Services #346 73315 Trash Pick-Up 277.11CBRE - 608844 73316 Engineer Services 409.15St. Louis Mat & Linen Company 73317 Floor Mats 53.00Blue Chip pest Services 73318 Pest Control 44.00Full Care 73319 Repair Retaining Wall 290.00Greenland Fire Protection, LLC 73320 Backflow Inspection 195.00NEPC, LLC 73321 2nd Quarter 2017 Consulting Fee 34,028.80NEPC, LLC 73322 2nd Quarter 2017 Alt. Investment Mgmt. Fee 12,500.00Date Paid September 29, 2017
Office Payroll ACH Office Payroll 10,353.16AXA Equitable ACH 457 Contributions 2,223.00Bobbie Richardson 73366 Advance - NCTR Conference 1,775.84Conduent HR Consulting, LLC 73367 Actuarial Consulting Services - Aug and Sep 12,966.00Purchase Power 73368 Postage 501.11
TOTAL $221,868.02
Public School Retirement System of the City of St. LouisChecks Written During the Month of September, 2017
PUBLIC SCHOOL RETIREMENT SYSTEM OF THE CITY OF ST. LOUIS
SCHEDULES OF PENSION INFORMATIONFOR PARTICIPATING EMPLOYERS
ANDINDEPENDENT AUDITORS' REPORT
YEARS ENDED DECEMBER 31, 2016 AND 2015
Contents
Page
Independent Auditors' Report 1 - 2
Schedules of Pension Information for Participating Employers
Schedules of Employer Allocations 3
Schedules of Pension Amounts by Employer 4 - 7
Notes to Schedules 8 - 13
Independent Auditors' Report
The Board of TrusteesPublic School Retirement System of the City of St. LouisSt. Louis, Missouri
Report on the Schedules
We have audited the accompanying schedules of employer allocations and pension amounts byemployer for Public School Retirement System of the City of St. Louis (the "System"), includingthe total for all entities of the columns titled net pension liability, total deferred outflows ofresources, total deferred inflows of resources, and total employer pension plan expense as ofand for the years ended December 31, 2016 and 2015, and the related notes to the schedules.
Management's Responsibility for the Schedules
The System's management is responsible for the preparation and fair presentation of theseschedules in accordance with accounting principles generally accepted in the United States ofAmerica; this includes the design, implementation, and maintenance of internal control relevantto the preparation and fair presentation of the schedules that are free from materialmisstatement, whether due to fraud or error.
Auditors' Responsibility
Our responsibility is to express an opinion on the schedules of employer allocations andpension amounts by employer based on our audits. We conducted our audits in accordancewith auditing standards generally accepted in the United States of America. Those standardsrequire that we plan and perform the audits to obtain reasonable assurance about whether theschedules of employer allocations and specified column totals included in the schedules ofpension amounts by employer are free from material misstatement.
Page 1
An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the schedules of employer allocations and specified column totals included in theschedules of pension amounts by employer. The procedures selected depend on the auditors'judgment, including the assessment of the risks of material misstatement of the schedules ofemployer allocations and specified column totals included in the schedules of pension amountsby employer, whether due to fraud or error. In making those risk assessments, the auditorconsiders internal control relevant to the System's preparation and fair presentation of theschedules in order to design audit procedures that are appropriate in the circumstances, but notfor the purpose of expressing an opinion on the effectiveness of the System's internal control.Accordingly, we express no such opinion. An audit also includes evaluating the appropriatenessof accounting policies used and the reasonableness of significant accounting estimates madeby management, as well as evaluating the overall presentation of the schedules of employerallocations and specified column totals included in the schedules of pension amounts byemployer.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide abasis for our audit opinions.
Opinions
In our opinion, the accompanying schedules referred to above present fairly, in all materialrespects, the employer allocations and net pension liability, total deferred outflows of resources,total deferred inflows of resources, and total pension expense for all participating entities of theSystem as of and for the years ended December 31, 2016 and 2015 in accordance withaccounting principles generally accepted in the United States of America.
Other Matters
We have audited, in accordance with auditing standards generally accepted in the United Statesof America, the financial statements of the System as of and for the years ended December 31,2016 and 2015, and our report thereon, dated April 13, 2017, expressed an unmodified opinionon those financial statements.
Restriction of Use
Our report is intended solely for the information and use of the System's management, theBoard of Trustees, the System's employers, and their auditors and is not intended to be used byanyone other than these specified parties.
September 27, 2017
Page 2
Public School Retirement System of the City of St. LouisSchedules of Employer Allocations
December 31, 2016 and 2015
2016 2015
Employer Employer Name Compensation
EmployerAllocation
Percentage Compensation
EmployerAllocation
Percentage
1 Public SchoolsRetirement System ofthe City of St. Louis $ 478,280 0.21 % $ 454,115 0.20 %
2 St. Louis Public Schools 173,412,355 76.47 175,851,589 78.053 Better Learning
CommunitiesAcademy - - 413,648 0.18
4 Carondelet LeadershipAcademy 2,007,245 0.88 2,115,158 0.94
5 Confluence Academy 13,937,922 6.14 14,515,603 6.446 Construction Career
Center - - - -7 City Garden Montessori
Schools 1,332,315 0.59 1,404,645 0.628 EAGLE College
Preparatory School 1,655,809 0.73 1,170,493 0.529 Gateway Science
Academy of St. Louis 4,794,992 2.11 4,536,132 2.0110 Grand Center Arts
Academy 3,155,676 1.39 2,910,949 1.2911 Hawthorn Leadership
School for Girls 879,164 0.39 497,410 0.2212 JAMAA Learning Center - - 654,925 0.2913 KIPP Inspire Academy 6,452,042 2.84 4,705,326 2.0914 La Salle Middle School 595,310 0.26 327,603 0.1515 Lafayette Preparatory
Academy 931,056 0.41 722,601 0.3216 Lift for Life Academy 3,636,601 1.60 3,387,447 1.5017 North Side Community
School 2,001,352 0.88 1,662,931 0.7418 Preclarus Mastery
Academy 608,211 0.27 772,640 0.3419 Premier Charter School 5,976,622 2.63 5,056,784 2.2420 South City Preparatory
Academy 1,476,991 0.65 1,086,735 0.4821 St. Louis Language
Immersion School 3,158,352 1.39 3,032,220 1.3522 The Biome 352,188 0.16 64,426 0.03
Total Compensation forall Employers $ 226,842,483 100.00 % $ 225,343,380 100.00 %
See notes to schedules Page 3
Publ
ic S
choo
l Ret
irem
ent S
yste
m o
f the
City
of S
t. Lo
uis
Sche
dule
of P
ensi
on A
mou
nts
b y E
mpl
oyer
Dec
embe
r 31,
201
6
Def
erre
d O
utflo
ws
of R
esou
rces
Def
erre
d In
flow
s of
Res
ourc
es
ER
Em
ploy
er N
ame
Beg
inni
ng N
etP
ensi
onLi
abili
ty
End
ing
Net
Pen
sion
Liab
ility
Diff
eren
ceB
etw
een
Exp
ecte
dan
d A
ctua
lE
xper
ienc
eC
hang
es in
Ass
umpt
ions
Net
Diff
eren
ceB
etw
een
Pro
ject
edan
d A
ctua
lIn
vest
men
tE
arni
ngs
onP
ensi
on P
lan
Inve
stm
ents
Cha
nges
inP
ropo
rtion
and
Diff
eren
ces
Bet
wee
nE
mpl
oyer
Con
tribu
tions
and
Pro
porti
onat
eS
hare
of
Con
tribu
tions
Tota
l Def
erre
dO
utflo
ws
ofR
esou
rces
Diff
eren
ceB
etw
een
Exp
ecte
dan
d A
ctua
lE
xper
ienc
e
Cha
nges
inP
ropo
rtion
and
Diff
eren
ces
Bet
wee
nE
mpl
oyer
Con
tribu
tions
and
Pro
porti
onat
eS
hare
of
Con
tribu
tions
Tota
l Def
erre
dIn
flow
s of
Res
ourc
es
Tota
lE
mpl
oyer
Pen
sion
Pla
nE
xpen
se
1P
ublic
Sch
ools
Ret
irem
ent
Sys
tem
of t
heC
ity o
f St.
Loui
s$
649,
399
$87
6,43
4$
10,1
08$
111,
534
$16
8,74
7$
17,1
19$
307,
508
$(1
1,57
6)$
(17,
412)
$(2
8,98
8)$
163,
096
2S
t. Lo
uis
Pub
licS
choo
ls25
1,47
3,42
931
7,77
2,73
53,
665,
067
40,4
39,3
8461
,183
,276
-10
5,28
7,72
7(4
,197
,038
)(4
,319
,906
)(8
,516
,944
)58
,139
,437
3B
ette
r Lea
rnin
gC
omm
uniti
esA
cade
my
591,
530
--
--
--
-(4
75,8
18)
(475
,818
)(1
70,1
64)
4C
aron
dele
tLe
ader
ship
Aca
dem
y3,
024,
744
3,67
8,21
542
,423
468,
085
708,
195
60,4
731,
279,
176
(48,
581)
(98,
761)
(147
,342
)68
3,25
65
Con
fluen
ce A
cade
my
20,7
57,7
7925
,540
,808
294,
578
3,25
0,29
34,
917,
572
-8,
462,
443
(337
,335
)(1
,094
,890
)(1
,432
,225
)4,
387,
311
6C
onst
ruct
ion
Car
eer
Cen
ter
--
--
--
--
(341
,393
)(3
41,3
93)
(142
,247
)7
City
Gar
den
Mon
tess
ori
Sch
ools
2,00
8,68
82,
441,
426
28,1
5831
0,69
347
0,06
712
1,44
693
0,36
4(3
2,24
6)(6
6,12
5)(9
8,37
1)48
7,20
08
EA
GLE
Col
lege
Pre
para
tory
Sch
ool
1,67
3,84
33,
034,
218
34,9
9538
6,13
158
4,20
270
3,98
41,
709,
312
(40,
075)
-(4
0,07
5)83
1,10
89
Gat
eway
Sci
ence
Aca
dem
y of
St.
Loui
s6,
486,
815
8,78
6,67
310
1,34
21,
118,
182
1,69
1,76
738
6,45
93,
297,
750
(116
,051
)-
(116
,051
)1,
796,
236
10G
rand
Cen
ter A
rtsA
cade
my
4,16
2,75
15,
782,
678
66,6
9573
5,89
71,
113,
384
429,
220
2,34
5,19
6(7
6,37
6)-
(76,
376)
1,24
9,95
511
Haw
thor
n Le
ader
ship
Sch
ool f
or G
irls
711,
312
1,61
1,04
018
,581
205,
019
310,
186
552,
262
1,08
6,04
8(2
1,27
8)-
(21,
278)
507,
222
12JA
MA
A L
earn
ing
Cen
ter
936,
564
--
--
51,5
4951
,549
-(5
33,7
68)
(533
,768
)(1
56,4
44)
13K
IPP
Insp
ireA
cade
my
6,72
8,76
811
,823
,165
136,
364
1,50
4,60
22,
276,
407
2,55
0,55
56,
467,
928
(156
,156
)-
(156
,156
)3,
168,
062
14La
Sal
le M
iddl
eS
choo
l46
8,48
31,
090,
886
12,5
8213
8,82
521
0,03
740
1,03
376
2,47
7(1
4,40
8)-
(14,
408)
354,
113
15La
faye
tte P
repa
rato
ryA
cade
my
1,03
3,34
31,
706,
130
19,6
7821
7,12
032
8,49
529
4,33
085
9,62
3(2
2,53
4)-
(22,
534)
429,
406
16Li
ft fo
r Life
Aca
dem
y4,
844,
158
6,66
3,95
976
,860
848,
048
1,28
3,06
423
0,96
02,
438,
932
(88,
015)
-(8
8,01
5)1,
332,
816
See
not
es to
sch
edul
esP
age
4
Publ
ic S
choo
l Ret
irem
ent S
yste
m o
f the
City
of S
t. Lo
uis
Sche
dule
of P
ensi
on A
mou
nts
by E
mpl
oyer
(Con
tinue
d)D
ecem
ber 3
1, 2
016
Def
erre
d O
utflo
ws
of R
esou
rces
Def
erre
d In
flow
s of
Res
ourc
es
ER
Em
ploy
er N
ame
Beg
inni
ng N
etP
ensi
onLi
abili
ty
End
ing
Net
Pen
sion
Liab
ility
Diff
eren
ceB
etw
een
Exp
ecte
dan
d A
ctua
lE
xper
ienc
eC
hang
es in
Ass
umpt
ions
Net
Diff
eren
ceB
etw
een
Pro
ject
edan
d A
ctua
lIn
vest
men
tE
arni
ngs
onP
ensi
on P
lan
Inve
stm
ents
Cha
nges
inP
ropo
rtion
and
Diff
eren
ces
Bet
wee
nE
mpl
oyer
Con
tribu
tions
and
Pro
porti
onat
eS
hare
of
Con
tribu
tions
Tota
l Def
erre
dO
utflo
ws
ofR
esou
rces
Diff
eren
ceB
etw
een
Exp
ecte
dan
d A
ctua
lE
xper
ienc
e
Cha
nges
inP
ropo
rtion
and
Diff
eren
ces
Bet
wee
nE
mpl
oyer
Con
tribu
tions
and
Pro
porti
onat
eS
hare
of
Con
tribu
tions
Tota
l Def
erre
dIn
flow
s of
Res
ourc
es
Tota
lE
mpl
oyer
Pen
sion
Pla
nE
xpen
se17
Nor
th S
ide
Com
mun
ityS
choo
l2,
378,
045
3,66
7,41
542
,299
466,
711
706,
116
424,
000
1,63
9,12
6(4
8,43
8)-
(48,
438)
843,
531
18P
recl
arus
Mas
tery
Aca
dem
y1,
104,
900
1,11
4,52
712
,855
141,
833
214,
589
37,3
7240
6,64
9(1
4,72
0)(1
37,2
87)
(152
,007
)17
9,18
119
Pre
mie
r Cha
rter
Sch
ool
7,23
1,36
410
,951
,973
126,
316
1,39
3,73
52,
108,
669
717,
484
4,34
6,20
4(1
44,6
50)
(218
,718
)(3
63,3
68)
2,20
5,43
620
Sou
th C
ityP
repa
rato
ryA
cade
my
1,55
4,06
62,
706,
540
31,2
1634
4,43
152
1,11
131
0,10
61,
206,
864
(35,
747)
(57,
751)
(93,
498)
587,
749
21S
t. Lo
uis
Lang
uage
Imm
ersi
onS
choo
l4,
336,
172
5,78
7,58
166
,751
736,
521
1,11
4,32
985
,788
2,00
3,38
9(7
6,44
1)(2
81,5
32)
(357
,973
)99
8,52
922
The
Bio
me
92,1
3164
5,37
57,
444
82,1
3012
4,25
926
9,22
148
3,05
4(8
,524
)-
(8,5
24)
214,
028
$322
,248
,284
$41
5,68
1,77
8$
4,79
4,31
2$
52,8
99,1
74$
80,0
34,4
72$
7,64
3,36
1$1
45,3
71,3
19$
(5,4
90,1
89)
$(7
,643
,361
)$
(13,
133,
550)
$78
,088
,817
See
not
es to
sch
edul
esP
age
5
Publ
ic S
choo
l Ret
irem
ent S
yste
m o
f the
City
of S
t. Lo
uis
Sche
dule
of P
ensi
on A
mou
nts
b y E
mpl
oyer
Dec
embe
r 31,
201
5
Def
erre
d O
utflo
ws
of R
esou
rces
Def
erre
d In
flow
s of
Res
ourc
es
ER
Em
ploy
er N
ame
Beg
inni
ng N
etP
ensi
onLi
abili
ty
End
ing
Net
Pen
sion
Liab
ility
Diff
eren
ceB
etw
een
Exp
ecte
dan
d A
ctua
lE
xper
ienc
eC
hang
es in
Ass
umpt
ions
Net
Diff
eren
ceB
etw
een
Pro
ject
edan
d A
ctua
lIn
vest
men
tE
arni
ngs
onP
ensi
on P
lan
Inve
stm
ents
Cha
nges
inP
ropo
rtion
and
Diff
eren
ces
Bet
wee
nE
mpl
oyer
Con
tribu
tions
and
Pro
porti
onat
eS
hare
of
Con
tribu
tions
Tota
l Def
erre
dO
utflo
ws
ofR
esou
rces
Diff
eren
ceB
etw
een
Exp
ecte
dan
d A
ctua
lE
xper
ienc
e
Cha
nges
inP
ropo
rtion
and
Diff
eren
ces
Bet
wee
nE
mpl
oyer
Con
tribu
tions
and
Pro
porti
onat
eS
hare
of
Con
tribu
tions
Tota
l Def
erre
dIn
flow
s of
Res
ourc
es
Tota
lE
mpl
oyer
Pen
sion
Pla
nE
xpen
se
1P
ublic
Sch
ools
Ret
irem
ent
Sys
tem
of t
heC
ity o
f St.
Loui
s$
570,
232
$64
9,39
9$
-$
-$
171,
597
$-
$17
1,59
7$
(15,
674)
$-
$(1
5,67
4)$
102,
682
2S
t. Lo
uis
Pub
licS
choo
ls20
9,74
6,57
425
1,47
3,42
9-
-66
,449
,336
-66
,449
,336
(6,0
69,5
50)
-(6
,069
,550
)39
,762
,572
3B
ette
r Lea
rnin
gC
omm
uniti
esA
cade
my
773,
821
591,
530
--
156,
306
-15
6,30
6(1
4,27
7)-
(14,
277)
93,5
324
Car
onde
let
Lead
ersh
ipA
cade
my
2,36
2,77
53,
024,
744
--
799,
258
-79
9,25
8(7
3,00
5)-
(73,
005)
478,
268
5C
onflu
ence
Aca
dem
y18
,211
,541
20,7
57,7
79-
-5,
485,
035
-5,
485,
035
(501
,009
)-
(501
,009
)3,
282,
186
6C
onst
ruct
ion
Car
eer
Cen
ter
707,
080
--
--
--
--
--
7C
ity G
arde
nM
onte
ssor
iS
choo
ls1,
400,
726
2,00
8,68
8-
-53
0,77
6-
530,
776
(48,
482)
-(4
8,48
2)31
7,61
08
EA
GLE
Col
lege
Pre
para
tory
Sch
ool
719,
513
1,67
3,84
3-
-44
2,29
6-
442,
296
(40,
400)
-(4
0,40
0)26
4,66
59
Gat
eway
Sci
ence
Aca
dem
y of
St.
Loui
s4,
918,
825
6,48
6,81
5-
-1,
714,
076
-1,
714,
076
(156
,565
)-
(156
,565
)1,
025,
685
10G
rand
Cen
ter A
rtsA
cade
my
2,91
3,01
54,
162,
751
--
1,09
9,96
5-
1,09
9,96
5(1
00,4
72)
-(1
00,4
72)
658,
207
11H
awth
orn
Lead
ersh
ipS
choo
l for
Girl
s75
,869
711,
312
--
187,
957
-18
7,95
7(1
7,16
8)-
(17,
168)
112,
472
12JA
MA
A L
earn
ing
Cen
ter
663,
612
936,
564
--
247,
478
-24
7,47
8(2
2,60
5)-
(22,
605)
148,
088
13K
IPP
Insp
ireA
cade
my
3,12
8,68
46,
728,
768
--
1,77
8,00
9-
1,77
8,00
9(1
62,4
05)
-(1
62,4
05)
1,06
3,94
214
La S
alle
Mid
dle
Sch
ool
-46
8,48
3-
-12
3,79
2-
123,
792
(11,
307)
-(1
1,30
7)74
,076
15La
faye
tte P
repa
rato
ryA
cade
my
581,
866
1,03
3,34
3-
-27
3,05
0-
273,
050
(24,
941)
-(2
4,94
1)16
3,39
016
Lift
for L
ife A
cade
my
3,88
6,25
04,
844,
158
--
1,28
0,02
0-
1,28
0,02
0(1
16,9
18)
-(1
16,9
18)
765,
950
See
not
es to
sch
edul
esP
age
6
Publ
ic S
choo
l Ret
irem
ent S
yste
m o
f the
City
of S
t. Lo
uis
Sche
dule
of P
ensi
on A
mou
nts
by E
mpl
oyer
(Con
tinue
d)D
ecem
ber 3
1, 2
015
Def
erre
d O
utflo
ws
of R
esou
rces
Def
erre
d In
flow
s of
Res
ourc
es
ER
Em
ploy
er N
ame
Beg
inni
ng N
etP
ensi
onLi
abili
ty
End
ing
Net
Pen
sion
Liab
ility
Diff
eren
ceB
etw
een
Exp
ecte
dan
d A
ctua
lE
xper
ienc
eC
hang
es in
Ass
umpt
ions
Net
Diff
eren
ceB
etw
een
Pro
ject
edan
d A
ctua
lIn
vest
men
tE
arni
ngs
onP
ensi
on P
lan
Inve
stm
ents
Cha
nges
inP
ropo
rtion
and
Diff
eren
ces
Bet
wee
nE
mpl
oyer
Con
tribu
tions
and
Pro
porti
onat
eS
hare
of
Con
tribu
tions
Tota
l Def
erre
dO
utflo
ws
ofR
esou
rces
Diff
eren
ceB
etw
een
Exp
ecte
dan
d A
ctua
lE
xper
ienc
e
Cha
nges
inP
ropo
rtion
and
Diff
eren
ces
Bet
wee
nE
mpl
oyer
Con
tribu
tions
and
Pro
porti
onat
eS
hare
of
Con
tribu
tions
Tota
l Def
erre
dIn
flow
s of
Res
ourc
es
Tota
lE
mpl
oyer
Pen
sion
Pla
nE
xpen
se17
Nor
th S
ide
Com
mun
ityS
choo
l1,
626,
837
2,37
8,04
5-
-62
8,37
5-
628,
375
(57,
396)
-(5
7,39
6)37
6,01
318
Pre
clar
us M
aste
ryA
cade
my
831,
440
1,10
4,90
0-
-29
1,95
9-
291,
959
(26,
668)
-(2
6,66
8)17
4,70
519
Pre
mie
r Cha
rter
Sch
ool
6,40
1,21
07,
231,
364
--
1,91
0,81
5-
1,91
0,81
5(1
74,5
36)
-(1
74,5
36)
1,14
3,41
220
Sou
th C
ityP
repa
rato
ryA
cade
my
1,39
7,92
01,
554,
066
--
410,
646
-41
0,64
6(3
7,50
9)-
(37,
509)
245,
726
21S
t. Lo
uis
Lang
uage
Imm
ersi
on S
choo
l4,
149,
849
4,33
6,17
2-
-1,
145,
790
-1,
145,
790
--
-68
5,62
922
The
Bio
me
-92
,131
--
24,3
45-
24,3
45(2
,224
)-
(2,2
24)
14,5
68$
265,
067,
639
$322
,248
,284
$-
$-
$85,
150,
881
$-
$85
,150
,881
$(7
,673
,111
)$
-$
(7,6
73,1
11)
$50
,953
,378
See
not
es to
sch
edul
esP
age
7
Public School Retirement System of the City of St. LouisNotes to Schedules
December 31, 2016 and 2015
1. Description of System
General
The Public School Retirement System of the City of St. Louis (the "System") is theadministrator of a cost-sharing multiple-employer pension plan existing under provisionsof the Revised Statutes of the State of Missouri (the “Statutes”) to provide retirementbenefits for all employees of the Board of Education of the City of St. Louis, of theCharter Schools located within the St. Louis School District, and of all employees of theSystem.
Operations and management of the System are generally prescribed in the Statutes andare supervised by the Board of Trustees. The System's annual reports for December 31,2016 and 2015 are available at www.psrsstl.org.
Membership and Eligibility
All persons employed on a full-time basis by the St. Louis Schools Board of Education,Charter Schools in the City of St. Louis, and the System are members of the plan as acondition of employment.
Benefits
Upon retirement at age 65, or at any age if age plus years of credited service equals orexceeds 85 (Rule of 85), members receive monthly payments for life of yearly benefitsequal to years of credited service multiplied by 2% of average final compensation, butnot to exceed 60% of average final compensation. Early retirement can occur at age 60with 5 years of service. The service retirement allowance is reduced five ninths of onepercent for each month of commencement prior to age 65 or the age at which the Ruleof 85 would have been satisfied had the employee continued working until that age, ifearlier.
In lieu of the benefit paid over the lifetime of the member, reduced benefit options areavailable for survivor and beneficiary payments.
Members are eligible, after accumulation of five years of credited service, for disabilitybenefits prior to eligibility of normal retirement. Survivor benefits are available forqualified beneficiaries of members who die after at least 18 months of activemembership.
2. Summary of Significant Accounting Policies
Basis of Presentation and Accounting
The schedules of the System have been prepared in accordance with the criteriaestablished by the Governmental Accounting Standards Board ("GASB"), which is thesource of authoritative accounting principles generally accepted in the United States ofAmerica ("GAAP") as applied to governmental units. The System's schedules areprepared using the accrual basis of accounting.
Page 8
Public School Retirement System of the City of St. LouisNotes to Schedules
December 31, 2016 and 2015
The System's employers are required to report pension information in their schedules forperiods beginning after June 15, 2014, in accordance with Governmental AccountingStandards Board Statement No. 68, Accounting and Financial Reporting for Pensions.The Schedules of Employer Allocations and Pension Amounts by Employer provideemployers with the required information for financial reporting under that standard.
The underlying financial information used to prepare the pension allocation schedules isbased on the System's financial statements, accounting, and payroll reporting systems.
Member and employer contributions are recognized when due, pursuant to formalcommitments and statutory requirements. Benefits and refunds of employeecontributions are recognized when due and payable in accordance with the statutesgoverning the System. Expenses are recognized when the liability is incurred, regardlessof when payment is made. Investments are reported at fair value on a trade date basis.
Total employer compensation as of and for the years ended December 31, 2016 and2015 was used as the basis for determining each employer's proportionate share of thecollective pension amounts reported on the schedules, respectively.
Use of Estimates
The preparation of schedules in conformity with GAAP requires management to makeestimates and assumptions that affect certain reported amounts and disclosures.Accordingly, actual results could differ from those estimates.
Fair Value Measurements
The System follows guidance issued by the GASB on fair value measurements, whichestablishes a framework for measuring fair value, clarifies the definition of fair valuewithin that framework, and expands disclosures about the use of fair valuemeasurements. This guidance applies whenever fair value is the applicablemeasurement. The three general valuation techniques used to measure fair value arethe market approach, cost approach, and income approach.
Subsequent Events
The System has evaluated subsequent events through September 27, 2017, the datethe schedules of pension information for participating employers were available to beissued.
Page 9
Public School Retirement System of the City of St. LouisNotes to Schedules
December 31, 2016 and 2015
3. Schedules of Employer Allocations
The Schedules of Employer Allocations reflects employer compensation as of and forthe years ended December 31, 2016 and 2015 and includes the following for eachindividual employer:
employer contributing entity; the amount of the employer contributing entity's compensation; and, the employer contributing entity's compensation as a percentage of total
employer compensation, as defined by this policy.
The components of the net pension liability of the participating employers as ofDecember 31, 2016 and 2015 are as follows:
2016 2015Total pension liability $ 1,265,862,200 $ 1,190,927,333Fiduciary net position 850,180,422 868,679,049Employers' net pension liability $ 415,681,778 $ 322,248,284
Plan net position as a percentage of total pensionliability %67.16 %72.94
Covered employee payroll $ 226,842,483 $ 225,343,380Employers' net pension liability
as a percentage of employee covered payroll %183.25 %143.00
4. Schedules of Pension Amounts by Employer
The Schedules of Pension Amounts by Employer includes only certain categories ofdeferred outflows of resources and deferred inflows of resources. These includedifferences between expected and actual experience, changes in assumptions, anddifferences between projected and actual earnings on plan investments. The Schedulesdo not include deferred outflows/inflows of resources for changes in the employer'sproportionate share of contributions or employer contributions made subsequent tomeasurement date.
Page 10
Public School Retirement System of the City of St. LouisNotes to Schedules
December 31, 2016 and 2015
5. Sensitivity of Net Pension Eligibility to Changes in the Discount Rate
The following presents the net pension liability at December 31, 2016, calculated usingthe discount rate of 7.5%, as well as what the net pension liability would have been if itwere calculated using a discount rate that is one-percentage point lower (6.5%) or one-percentage-point higher (8.5%) than the current rate:
1% Decrease(6.5%)
Current DiscountRate (7.5%)
1% Increase(8.5%)
Net pension liability - 2016 $ 541,091,150 $ 415,681,778 $ 309,269,186
The following presents the net pension liability at December 31, 2015, calculated usingthe discount rate of 8.0%, as well as what the net pension liability would have been if itwere calculated using a discount rate that is one-percentage point lower (7.0%) or one-percentage-point higher (9.0%) than the current rate:
1% Decrease(7.0%)
Current DiscountRate (8.0%)
1% Increase(9.0%)
Net pension liability - 2015 $ 431,230,360 $ 322,248,286 $ 228,509,903
The projection of cash flows used to determine the discount rate assumed that Systemcontributions will continue to follow the current funding policy. Based on thoseassumptions, the System's fiduciary net position was projected to be sufficient to makeall projected future benefit payments of current plan members.
Under GASB Statement No. 68, employers participating in the plan could recognize aproportionate share of total pension expense of $78,088,817 and $50,953,378 for theirfiscal years beginning after June 15, 2016 and 2015, respectively.
6. Actuarial Methods and Assumptions
The information presented in the aforementioned schedules was determined as part ofthe 2016 and 2015 actuarial valuation prepared by Conduent at June 5, 2017 andprepared by Buck Consultants June 6, 2016, respectively.
Additional information related to the above actuarial valuation, as applicable for bothyears presented, is as follows:
2016 2015Actuarial cost method Frozen entry age Frozen entry ageRate of investment return 7.50%, net of expenses 8.00%, net of expensesParticipant account interest
crediting rate 5.00% 5.00%Turnover or withdrawal rates Various by age and
year of membershipbased on actual
Various by age andyear of membershipbased on actual
Page 11
Public School Retirement System of the City of St. LouisNotes to Schedules
December 31, 2016 and 2015
2016 2015Mortality and death rates a) RP-2014 Combined
Healthy Mortality Table(rolled back to 2006) foractive Members, anddeferred vestedMembers, projectedfully generationallyusing projection scaleMP- 2015.b) RP-2014 CombinedHealthy Mortality Table(rolled back to 2006) forInactive (In Receipt)Members adjusted byan additional 10% toaccount for the highermortality experiencedby the Plan, projectedfully generationallyusing projection scaleMP-2015.
Mortality tablesmandated by thePension Protection Actas specified in IRSRegulation 1.430(h)(3)-1 applied on a staticbasis, projected 7 yearsfrom the valuation datefor annuitants and 15years for non-annuitants
Disability rates RP-2014 DisabilityMortality Table (rolledback to 2006)
RP-2000 DisabilityMortality Table
Rates of retirement between theages of 55 and 70
Various based onactual experience of theSystem
Various based on actualexperience of theSystem
Rate of salary increases Salaries are assumedto increase at the rateof 5.0% per year for thefirst five years ofemployment and at therate of 3.5% per yearthereafter
Based on actualexperience of theSystem, at the rate of4.5% per year
Asset valuation method The assumed yieldmethod of valuingassets
The assumed yieldmethod of valuingassets
The Unfunded Actuarial Accrued Liability ("UFAAL") was originally determined andfrozen as of January 1, 1981. Effective January 1, 2006, the UFAAL was re-determined.The UFAAL is being amortized over thirty (30) years.
Page 12
Public School Retirement System of the City of St. LouisNotes to Schedules
December 31, 2016 and 2015
Assumption changes effective as of December 31, 2016:
1. Revised investment return assumption of 7.50% based on analysis of assetallocation.
2. Updated Withdrawal assumption based on Plan experience for the 5 yearsending December 31, 2015.
3. Updated Retirement assumption based on Plan experience for the 5 years endingDecember 31, 2015.
4. Revised Salary increase assumption.5. Updated mortality assumption, reflecting most recent mortality improvements.
Cumulative impact on Net Pension Liability at December 31, 2016 is an increase of$70.5 million.
Page 13
Publ
ic S
choo
l Ret
irem
ent S
yste
m o
f the
City
of S
t. Lo
uis
Trav
el A
ctiv
ity a
nd E
xpen
ses
- Cal
enda
r Yea
r 201
6
As
of 2
/14/
2017
ADVA
NC
ESTO
TAL
EXP
VOU
CH
ERN
AME
SPO
NSO
RFR
OM
TOLO
CAT
ION
TOTO
FRO
MC
OST
RPT
STAT
US*
NO
TES
Ben
nett,
Chr
istin
aN
ASP
06/1
2/20
1606
/15/
2016
Atla
nta,
GA
$1,6
36.2
2$1
,636
.22
YAp
prov
edM
onda
y, D
ecem
ber 1
9, 2
016
NAS
P06
/12/
2016
06/1
5/20
16At
lant
a, G
A$1
,770
.00
$236
.09
$2,0
06.0
9Y
Appr
oved
Mon
day,
Dec
embe
r 19,
201
6M
APER
S07
/11/
2016
07/1
3/20
16O
sage
Bea
ch, M
O$9
58.7
6$5
.43
$964
.19
YAp
prov
edM
onda
y, D
ecem
ber 1
9, 2
016
NC
TR07
/24/
2016
07/2
7/20
16B
erkl
ey, C
A$1
,769
.00
$3.1
3$1
,772
.13
YAp
prov
edM
onda
y, D
ecem
ber 1
9, 2
016
NEP
C05
/09/
2016
05/1
1/20
16B
osto
n, M
A$2
,111
.55
$2,1
11.5
5Y
Appr
oved
Mon
day,
Dec
embe
r 19,
201
6N
ASP
06/1
3/20
1606
/15/
2016
Atla
nta,
GA
$2,0
58.3
1$2
,058
.31
YAp
prov
edM
onda
y, D
ecem
ber 1
9, 2
016
MAP
ERS
07/1
1/20
1607
/13/
2016
Osa
ge B
each
, MO
$905
.74
$905
.74
YAp
prov
edM
onda
y, D
ecem
ber 1
9, 2
016
NC
TR07
/24/
2016
07/2
7/20
16B
erkl
ey, C
A$2
,197
.70
$2,1
97.7
0Y
Appr
oved
Mon
day,
Dec
embe
r 19,
201
6N
CTR
10/0
8/20
1610
/12/
2016
Prov
iden
ce, R
I$2
,428
.90
$2,4
28.9
0Y
Appr
oved
Mon
day,
Dec
embe
r 19,
201
6N
EPC
05/0
9/20
1605
/11/
2016
Bos
ton,
MA
$1,4
75.0
0$6
.33
$1,4
81.3
3Y
Appr
oved
Mon
day,
Dec
embe
r 19,
201
6N
ASP
06/1
3/20
1606
/15/
2016
Atla
nta,
GA
$2,0
00.0
0$8
4.63
$1,9
15.3
7Y
Nee
d re
imbu
rsem
ent
MAP
ERS
07/1
1/20
1607
/13/
2016
Osa
ge B
each
, MO
Nee
d V
ouch
er
NEP
C05
/09/
2016
05/1
1/20
16B
osto
n, M
A$1
,446
.52
$1,4
46.5
2Y
Appr
oved
Mon
day,
Dec
embe
r 19,
201
6N
ASP
06/1
2/20
1606
/15/
2016
Atla
nta,
GA
$1,0
11.8
8$1
,011
.88
YAp
prov
edM
onda
y, D
ecem
ber 1
9, 2
016
NEP
C05
/09/
2016
05/1
1/20
16B
osto
n, M
A$1
,921
.00
$441
.40
$2,3
62.4
0Y
Appr
oved
Mon
day,
Dec
embe
r 19,
201
6N
ASP
06/1
3/20
1606
/15/
2016
Atla
nta,
GA
$1,4
22.9
7$3
88.7
3$1
,811
.70
YAp
prov
edM
onda
y, D
ecem
ber 1
9, 2
016
NC
TR10
/08/
2016
10/1
2/20
16Pr
ovid
ence
, RI
$2,0
80.0
0$3
40.4
3$2
,420
.43
YAp
prov
edM
onda
y, D
ecem
ber 1
9, 2
016
Thom
as, E
ural
NAS
P06
/12/
2016
06/1
5/20
16At
lant
a, G
A$1
,698
.36
$1,6
98.3
6Y
Appr
oved
Mon
day,
Dec
embe
r 19,
201
6
Tota
l Cos
t$3
0,22
8.82
MAP
ERS
- Mis
sour
i Ass
ocia
tion
of P
ublic
Em
ploy
ees
Ret
irem
ent S
yste
ms
NAS
P - N
atio
nal A
ssoc
iatio
n of
Sec
uriti
es P
rofe
ssio
nals
*Pen
ding
= p
endi
ng b
oard
app
rova
lN
CTR
- N
atio
nal C
ounc
il on
Tea
cher
Ret
irem
ent
NEP
C -
New
Eng
land
Pen
sion
Con
sulta
nts
Levy
, Yve
tte
DAT
ESR
EIM
BU
RSE
MEN
TS
Ben
tley,
Pau
la
Shel
ton,
Cha
rles
Mot
en, J
ohn
Goo
dwin
, She
ila
Publ
ic S
choo
l Ret
irem
ent S
yste
m o
f the
City
of S
t. Lo
uis
Trav
el A
ctiv
ity a
nd E
xpen
ses
- Cal
enda
r Yea
r 201
7
As
of 1
0/5/
2017
ADVA
NC
ESTO
TAL
EXP
VOU
CH
ERN
AME
SPO
NSO
RFR
OM
TOLO
CAT
ION
TOTO
FRO
MC
OST
RPT
STAT
US*
NO
TES
NAS
P06
/25/
2016
06/2
9/20
17Lo
s An
gele
s, C
A$1
,656
.40
$125
.13
$1,7
81.5
3Y
Pend
ing
MAP
ERS
07/1
2/20
1707
/14/
2017
Osa
ge B
each
, MO
$622
.88
$32.
54$6
55.4
2Y
Pend
ing
NC
TR07
/23/
2017
07/2
6/20
17C
ambr
idge
, MA
$1,5
75.2
4$8
8.77
$1,6
64.0
1Y
Pend
ing
Clin
ksca
le, D
arne
ttaN
ASP
06/2
5/20
1706
/29/
2017
Los
Ange
les,
CA
$1,4
87.0
4$1
,487
.04
YPe
ndin
gN
ASP
06/2
5/20
1706
/29/
2017
Los
Ange
les,
CA
$597
.96
$1,1
98.0
2$1
,795
.98
YPe
ndin
gM
APER
S07
/11/
2017
07/1
5/20
17O
sage
Bea
ch, M
O$8
31.7
6$8
31.7
6Y
Pend
ing
NC
TR07
/23/
2017
07/2
6/20
17C
ambr
idge
, MA
$1,8
74.4
8$1
,874
.48
YPe
ndin
g
Mot
en, J
ohn
MAP
ERS
07/1
2/20
1707
/14/
2017
Osa
ge B
each
, MO
NAS
P06
/25/
2017
06/2
9/20
17Lo
s An
gele
s, C
A$1
,915
.90
$87.
54$2
,003
.44
YPe
ndin
gM
APER
S07
/12/
2017
07/1
4/20
17O
sage
Bea
ch, M
O$7
85.5
9$7
85.5
9Y
Pend
ing
NC
TR10
/07/
2017
10/1
0/20
17Tu
cson
, AZ
$1,7
75.8
4
Thom
as, E
ural
NAS
P06
/25/
2017
06/2
9/20
17Lo
s An
gele
s, C
A
Tota
l Cos
t$1
2,87
9.25
MAP
ERS
- Mis
sour
i Ass
ocia
tion
of P
ublic
Em
ploy
ees
Ret
irem
ent S
yste
ms
NAS
P - N
atio
nal A
ssoc
iatio
n of
Sec
uriti
es P
rofe
ssio
nals
*Pen
ding
= p
endi
ng b
oard
app
rova
lN
CTR
- N
atio
nal C
ounc
il on
Tea
cher
Ret
irem
ent
DAT
ESR
EIM
BU
RSE
MEN
TS
Goo
dwin
, She
ila
Ben
tley,
Pau
la
Ric
hard
son,
Bob
bie
TAB 2
To be Authorized and Approved
by the Board of Trustees
NAME \
POSITION DATE
Carol Anderson 10/1/2017 Normal 29.2722 $66,508.96 $3,244.77
Teacher
Sarah Kemp 10/1/2017 Early 10.7833 $47,197.69 $626.74
Teacher
Sandra Metzner 10/1/2017 Normal 27.1399 $40,105.33 $1,814.09
Secretary II
Karessa Morrow 10/1/2017 Normal 30.3453 $94,507.97 $4,725.40
Principal
James Percifull 10/1/2017 Normal 31.1143 $51,672.53 $2,296.84
Stationary Engineer
Susan Raster 10/1/2017 Normal 20.9756 $43,557.38 $1,522.74
Nutritionist
Vasilika Tsichlis 10/1/2017 Normal 30.2500 $94,993.60 $3,923.24
Teacher
Dorris Walker-McGahee 10/1/2017 Early 16.6305 $53,229.35 $1,360.62
Compliance Clerk
RETIREMENT
APPLICATIONS FOR RETIREMENT
TYPE BENEFIT
MONTHLYFINAL AVG
SALARY
CREDITED
SERVICE
Page 1 of 1November 2017
To be Authorized and Approved
by the Board of Trustees
NAME \
POSITION DATE
Richard Burke Jr. 11/1/2017 Normal 27.9556 $66,807.04 $2,798.34
Teacher
Nicholas Clement 11/1/2017 Normal 17.4000 $60,753.11 $1,409.47
Gifted Enrichment Specialist
Essie Cotton 11/1/2017 Early 8.9167 $57,494.22 $849.68
Teacher
Ella Davis 11/1/2017 Normal 30.0000 $91,349.01 $4,567.45
Teacher
Pamela Dear 11/1/2017 Normal 28.3333 $35,279.91 $1,665.99
Teacher Assistant
Peter Hess 11/1/2017 Normal 16.4000 $59,017.34 $1,238.89
Teacher
Joseph Hoard 11/1/2017 Disability 22.1056 $29,305.56 $1,079.69
Teacher Aide II
Debra Johnson 11/1/2017 Normal 28.8333 $74,103.75 $3,561.09
Teacher
Robert Landers 11/1/2017 Normal 10.4555 $56,604.89 $986.39
Teacher
Erin Petrie 11/1/2017 Normal 24.2556 $71,601.06 $2,894.55
Teacher
Angela Powell 11/1/2017 Normal 27.3095 $38,016.32 $2,043.70
Book Clerk Treasurer
Millicent Smith 11/1/2017 Normal 31.7834 $69,041.50 $3,452.08
Teacher
Elizabeth Wagner 11/1/2017 Normal 20.1028 $53,606.72 $1,481.77
Teacher
RETIREMENT
APPLICATIONS FOR RETIREMENT
TYPE BENEFIT
MONTHLYFINAL AVG
SALARY
CREDITED
SERVICE
Page 1 of 1 December 2017
Page
1 o
f 2
CH
ECK
CH
ECK
GR
OSS
FED
ERAL
NET
A(ct
ive)
D(e
ath)
NU
MB
ERD
ATE
LAST
NAM
EFI
RST
NAM
E/M
IPA
YTA
XES
W/H
PAY
R(e
tired
)S(
epar
atio
n) N
OTE
S07
3266
09/0
8/17
BUB
CAI
TLIN
(1,2
04.4
2)(1
,204
.42)
AS
GS
A-S
TL V
OID
AN
D R
EIS
SU
E07
3389
10/1
0/17
AKIN
SLE
SLIE
18,9
35.3
23,
787.
0615
,148
.26
AS
SLP
S IA
CA
OTO
EH
L07
3390
10/1
0/17
BAH
RC
HR
ISTO
PHER
2,34
9.75
469.
951,
879.
80A
SC
A07
3391
10/1
0/17
CAR
RO
LLJO
HN
11
,928
.63
11,9
28.6
3A
SC
GM
S07
3392
10/1
0/17
FER
REL
LR
ON
ALD
24
,108
.96
4,82
1.79
19,2
87.1
7A
SC
A07
3393
10/1
0/17
HAR
RIS
AMAN
DA
K2,
146.
9242
9.38
1,71
7.54
AS
CA
0733
9410
/10/
17H
ARR
IS
MAR
IA2,
220.
9244
4.18
1,77
6.74
AS
KIP
P07
3395
10/1
0/17
HU
NTE
RSH
ELD
A10
,191
.05
2,03
8.21
8,15
2.84
AS
EH
L, O
TO, S
LPS
0733
9610
/10/
17JO
HN
SON
JUAN
ITA
13,4
47.2
62,
689.
4510
,757
.81
AS
CA
07
3397
10/1
0/17
KELL
YN
ESR
INE
1,51
2.15
302.
431,
209.
72A
SS
LLIS
0733
9810
/10/
17M
CC
AIN
D
ESTI
NY
C4,
705.
3994
1.08
3,76
4.31
AS
CA
0733
9910
/10/
17M
OO
REH
EAD
CH
ARI
2,08
1.35
416.
271,
665.
08A
SC
A07
3400
10/1
0/17
PASS
ENH
EIM
KRIS
TIN
A8,
114.
521,
622.
906,
491.
62A
SJA
MA
A S
LPS
0734
0110
/10/
17ST
AND
IFER
GW
END
OLY
N
9,28
9.78
1,85
7.96
7,43
1.82
AS
CA
0734
0210
/10/
17ST
EPH
ENS
JEFF
ERSO
N14
,284
.52
2,85
6.90
11,4
27.6
2A
SLF
L07
3403
10/1
0/17
CU
RR
YBR
IDG
ET2,
415.
0148
3.00
1,93
2.01
AS
0734
0410
/10/
17FO
RD
JO
HN
82
1.41
164.
2865
7.13
AS
0734
0510
/10/
17JE
HLI
NG
MAR
Y K
4,75
6.26
4,75
6.26
AS
0734
0610
/10/
17LA
MPK
IN-H
END
ERSO
NLO
RI
862.
0217
2.40
689.
62A
S07
3407
10/1
0/17
LYLE
SM
ARK
3,69
2.73
738.
552,
954.
18A
S07
3408
10/1
0/17
MIT
CH
ELL
LIN
DA
7,78
5.72
7,78
5.72
AS
0734
0910
/10/
17TH
OM
ASLA
DO
NIA
21,1
60.5
54,
232.
1116
,928
.44
AS
0734
1010
/10/
17ST
EWAR
TTI
FFAN
Y2,
337.
4346
7.49
1,86
9.94
AS
0734
1110
/10/
17TU
RN
EYR
ACH
EL10
,664
.14
10,6
64.1
4A
S07
3413
10/1
0/17
WIL
LIS
CO
REY
2,53
6.23
507.
252,
028.
98A
S07
3414
10/1
0/17
AUBU
CH
ON
AMY
N
1,13
4.81
1,13
4.81
AD
DE
C: K
CO
X07
3415
10/1
0/17
SHER
OD
MAR
LSAL
IS3,
068.
6130
6.86
2,76
1.75
AD
DE
C: A
SH
ER
OD
0734
1610
/10/
17TA
NKS
LEY
JOAQ
UIN
O1,
816.
9018
1.69
1,63
5.21
AD
DE
C: D
TA
NK
SLE
Y07
3417
10/1
0/17
TAN
KSLE
YW
ILLE
NA
C1,
816.
9118
1.69
1,63
5.22
AD
DE
C: D
TA
NK
SLE
Y07
3418
10/1
0/17
WIL
LIAM
S AU
DR
IA5,
516.
661,
103.
334,
413.
33A
S07
3447
10/2
4/17
AGBA
NLO
GM
ARA
1,99
9.75
399.
951,
599.
80A
SC
A07
3448
10/2
4/17
AUST
ON
CH
RIS
TIAN
E4,
709.
5094
1.90
3,76
7.60
AS
HLS
G07
3449
10/2
4/17
CAR
PEN
TER
ANG
ELA
I15
,230
.11
3,04
6.02
12,1
84.0
9A
SC
A07
3450
10/2
4/17
CO
RR
IGAN
C
ARO
LEE
338.
0667
.61
270.
45A
SLS
MS
Dis
tribu
tions
- O
ctob
er, 2
017
Page
2 o
f 2
CH
ECK
CH
ECK
GR
OSS
FED
ERAL
NET
A(ct
ive)
D(e
ath)
NU
MB
ERD
ATE
LAST
NAM
EFI
RST
NAM
E/M
IPA
YTA
XES
W/H
PAY
R(e
tired
)S(
epar
atio
n) N
OTE
S
Dis
tribu
tions
- O
ctob
er, 2
017
0734
5110
/24/
17D
AVIS
JA
SON
11
,214
.31
2,24
2.86
8,97
1.45
AS
SLI
SS
07
3452
10/2
4/17
GR
EEN
ETE
RR
IE1,
492.
7529
8.55
1,19
4.20
AS
KIP
P07
3453
10/2
4/17
HAN
DLE
YD
EMET
RIA
2,12
1.92
424.
381,
697.
54A
SC
A07
3454
10/2
4/17
HAR
RIS
LA
UR
EN
5,06
0.91
5,06
0.91
AS
KIP
P E
AG
LE07
3455
10/2
4/17
HEE
MBR
OC
KSU
SAN
1,
962.
5939
2.52
1,57
0.07
AS
CA
0734
5610
/24/
17JO
NES
JE
SSIC
A 12
,242
.37
2,44
8.47
9,79
3.90
AS
GC
AA
CA
07
3457
10/2
4/17
KIN
GAS
HLE
Y 1,
266.
7725
3.35
1,01
3.42
AS
CA
0734
5810
/24/
17M
ITC
HEL
LBE
RN
ITA
29,1
27.6
129
,127
.61
AS
CA
0734
5910
/24/
17TH
EOD
OR
EFO
MBR
UN
26,3
68.8
25,
273.
7621
,095
.06
AS
LFL
SLP
S07
3460
10/2
4/17
THO
DE
SHAW
NA
5,10
1.98
1,02
0.40
4,08
1.58
AS
PR
EM
0734
6110
/24/
17TR
OG
LER
MEG
AN
7,75
8.48
7,75
8.48
AS
GS
A07
3462
10/2
4/17
WAD
ED
EXTE
R1,
415.
1228
3.02
1,13
2.10
AS
CA
0734
6310
/24/
17W
EBER
JULI
A 2,
166.
902,
166.
90A
SP
RE
M07
3464
10/2
4/17
WH
ITLE
YLI
SA
5,41
8.32
1,08
3.66
4,33
4.66
AS
CA
0734
6510
/24/
17W
ILH
ITE
LOR
EAL
15,7
01.9
93,
140.
4012
,561
.59
AS
CA
0734
6610
/24/
17C
ASH
MAN
MAT
THEW
10,0
00.0
010
,000
.00
AS
0734
6710
/24/
17C
ASH
MAN
M
ATTH
EW16
,707
.57
3,34
1.51
13,3
66.0
6A
S07
3468
10/2
4/17
DAL
EC
OLI
N
4,77
5.39
4,77
5.39
AS
0734
6910
/24/
17JO
NES
KR
ISTI
NIA
924.
3518
4.87
739.
48A
S07
3470
10/2
4/17
MC
CAR
THY
DAN
IEL
9,05
3.34
9,05
3.34
AS
0734
7110
/24/
17SC
OTT
DEM
ETR
I 2,
962.
8759
2.57
2,37
0.30
AS
0734
7210
/24/
17SM
ITH
KOU
RTN
EY13
,298
.04
2,65
9.61
10,6
38.4
3A
S07
3473
10/2
4/17
ALI
DO
NIS
HA
S2,
537.
4950
7.50
2,02
9.99
AD
DE
C: A
ALI
0734
7410
/24/
17W
ILLI
AMS
JAC
QU
ELIN
E D
13
,059
.36
13,0
59.3
6A
DD
EC
: E W
ILLI
AM
S07
3475
10/2
4/17
BUB
CAI
TLIN
1,20
4.42
1,20
4.42
AS
GS
A-S
TL V
OID
AN
D R
EIS
SU
E41
9,71
8.58
$
59,8
19.1
2$
35
9,89
9.46
$
TOTA
L
Pag
e 1
of 2
CH
ECK
CH
ECK
GR
OSS
FED
ERAL
NET
A(ct
ive)
D(e
ath)
NU
MB
ERD
ATE
LAST
NAM
EFI
RST
NAM
E/M
IPA
YTA
XES
W/H
PAY
R(e
tired
)S(
epar
atio
n) N
OTE
S07
2919
05/1
9/17
AYL
OR
AR
NIT
A(2
0,80
0.72
)(2
0,80
0.72
)A
DR
EPAY
MT
CO
LL F
RO
M L
SM
ITH
0732
9309
/08/
17A
YLO
R
AR
NIT
A
(10,
400.
36)
(1,0
40.0
4)(9
,360
.32)
AD
REP
AYM
T C
OLL
FR
OM
L S
MIT
H07
3499
11/0
9/17
AU
GU
STY
NK
AR
EN
775.
0977
5.09
AS
SLLI
S07
3500
11/0
9/17
CO
NK
LIN
AM
AN
DA
7,05
0.49
1,41
0.10
5,64
0.39
AS
JAM
MA
SLPS
0735
0111
/09/
17D
ELO
YA
AN
GE
L6,
890.
001,
378.
005,
512.
00A
SSL
LIS
KIPP
0735
0211
/09/
17G
AN
TA
ND
RE
A12
,259
.92
12,2
59.9
2A
SPR
EM07
3503
11/0
9/17
GO
NZA
LEZ
RIC
H1,
083.
4821
6.70
866.
78A
SC
A07
3504
11/0
9/17
JAC
KS
ON
RE
NA
LDO
4,88
6.82
977.
363,
909.
46A
SC
A07
3505
11/0
9/17
JAM
ES
CH
RIS
TOP
HE
R7,
529.
617,
529.
61A
SC
A07
3506
11/0
9/17
KA
CZM
AR
CZY
KM
AR
Y L
8,84
0.38
1,76
8.08
7,07
2.30
AS
GC
AA07
3507
11/0
9/17
PR
OS
PE
RI
JES
SIC
A2,
276.
862,
276.
86A
SC
A07
3508
11/0
9/17
THO
MP
SO
N
HA
YLE
E91
0.93
182.
1972
8.74
AS
CLA
0735
0911
/09/
17W
UE
RD
EM
AN
DA
NN
Y10
,084
.40
2,01
6.88
8,06
7.52
AS
SLLI
S07
3510
11/0
9/17
BO
OS
ETO
MM
Y1,
911.
6538
2.33
1,52
9.32
AS
0735
1111
/09/
17D
UR
BIN
CLI
FTO
N10
2.18
102.
18A
S07
3512
11/0
9/17
FOW
LER
-WIL
LIA
MS
JEN
NIE
854.
8017
0.96
683.
84A
S07
3513
11/0
9/17
KLA
US
LAU
RE
N7,
671.
841,
534.
376,
137.
47A
S07
3514
11/0
9/17
LEN
HA
RD
TS
TEP
HA
NIE
1,05
7.54
211.
5184
6.03
AS
0735
1511
/09/
17M
ER
RID
ITH
SH
AN
EE
6,31
5.84
1,26
3.17
5,05
2.67
AS
0735
1611
/09/
17S
CH
AU
BLE
BA
RB
AR
A1,
267.
551,
267.
55A
S07
3517
11/0
9/17
FOG
GY
MA
TTA
NIA
H3,
737.
4537
3.75
3,36
3.70
AD
DEC
: B B
OYD
0735
1811
/09/
17W
ILLA
IMS
TE
RR
EN
ETT
E M
3,73
7.44
373.
743,
363.
70A
DD
EC: B
BO
YD07
3519
11/0
9/17
DIA
ZS
IMO
NE
B45
,624
.73
4,56
2.47
41,0
62.2
6A
DD
EC: S
DIA
Z07
3520
11/0
9/17
DA
VIS
ON
ALA
N D
48,6
62.7
98,
538.
2240
,124
.57
AD
DEC
: E D
AVIS
ON
0735
2111
/09/
17FI
SH
ER
LOR
ETT
A Y
9,50
3.45
9,50
3.45
AD
DEC
: W F
ISH
ER 1
OF
207
3522
11/0
9/17
OC
ON
NE
RR
OB
IN1,
814.
671,
814.
67A
D49
8,44
0,50
0.00
0735
2311
/09/
17A
SC
HE
ME
YER
ER
IC C
2,
714.
6354
2.93
2,17
1.70
AD
DEC
: C S
CH
EPPN
ER 1
OF
407
3547
11/2
2/17
DA
NIE
LA
LLIS
ON
1,
962.
241,
962.
24A
SG
SA07
3548
11/2
2/17
HA
CK
ETT
SA
MU
EL
476.
3795
.27
381.
10A
SC
A07
3549
11/2
2/17
HE
NR
YP
ATR
ICIA
39
,137
.29
7,82
7.46
31,3
09.8
3A
SC
A07
3550
11/2
2/17
KO
SIN
SK
IJA
NE
1,
529.
5330
5.91
1,22
3.62
AS
SLLI
S07
3551
11/2
2/17
MO
OR
EH
EA
D-N
EA
LJA
SM
UN
4,
681.
444,
681.
44A
SH
LSG
0735
5211
/22/
17P
ES
TIC
HR
ISTI
NE
19,1
08.6
319
,108
.63
AS
CA
0735
5311
/22/
17W
HIT
E
LAS
HO
ND
A
426.
4885
.30
341.
18A
SKI
PP07
3554
11/2
2/17
WIL
LIA
MS
G
ER
ALD
2,39
3.11
478.
621,
914.
49A
SC
A07
3555
11/2
2/17
WIP
PE
RM
ICH
AE
L18
,705
.35
18,7
05.3
5A
SC
LA A
QS-
CLA
0735
5611
/22/
17YA
SE
INIB
RA
HIM
459.
1991
.84
367.
35A
SLP
A
Dis
tribu
tions
- N
ovem
ber,
2017
Pag
e 2
of 2
CH
ECK
CH
ECK
GR
OSS
FED
ERAL
NET
A(ct
ive)
D(e
ath)
NU
MB
ERD
ATE
LAST
NAM
EFI
RST
NAM
E/M
IPA
YTA
XES
W/H
PAY
R(e
tired
)S(
epar
atio
n) N
OTE
S
Dis
tribu
tions
- N
ovem
ber,
2017
0735
5711
/22/
17B
OA
TMA
NC
HE
1,64
6.81
329.
361,
317.
45A
S07
3558
11/2
2/17
DA
NIE
LS
AN
TWO
NE
2,14
7.57
429.
511,
718.
06A
S07
3559
11/2
2/17
JON
ES
B
RIA
NN
A
1,78
7.48
357.
501,
429.
98A
S07
3560
11/2
2/17
KE
ND
LE-R
OB
ER
SO
NK
IMB
ER
LY
416.
8483
.37
333.
47A
S07
3561
11/2
2/17
RE
CK
E
CA
RO
LYN
44
,372
.67
8,87
4.53
35,4
98.1
4A
S07
3562
11/2
2/17
RIC
HA
RD
SO
NK
ELS
EY
9,85
4.22
1,97
0.84
7,88
3.38
AS
0735
6311
/22/
17TR
OU
PE
DA
NIE
LLE
4,77
2.59
954.
523,
818.
07A
S07
3564
11/2
2/17
SH
AW
LAIN
E C
23,1
79.8
54,
420.
5018
,759
.35
AS
0735
6511
/22/
17W
IND
OM
TYW
AN
SLY
3,59
4.18
718.
842,
875.
34A
S07
3566
11/2
2/17
FOR
D L
US
TER
SA
ND
RA
19,1
43.7
11,
723.
5517
,420
.16
AD
DEC
: R F
OR
D07
3567
11/2
2/17
BO
YCE
CH
RIS
TOP
HE
R J
10
,698
.30
1,06
9.83
9,62
8.47
AD
DEC
: J B
OYC
E 1
OF
207
3568
11/2
2/17
BR
EW
STE
RM
IKIE
A A
4,
530.
464,
530.
46A
DD
EC: L
BER
RY
1 O
F 2
381,
387.
77$
54
,679
.47
$
326,
708.
30$
TO
TAL
1 of 1
Payee Ck. Number Description AmountDate Paid October 5, 2017Ameren Missouri 73369 Electric Service 1,564.28AT&T 73370 U-Verse Internet 60.81OffsiteDataSync 73371 Online Backups 208.12Windstream Communications 73372 Telephone, Data 561.99Office Essentials 73373 Office Supplies 450.00Minuteman Press 73374 Members Handbook, Business Cards 1,803.54Blade Technologies, Inc. 73375 Professional Services 357.30BuildingStars STL Operations, Inc. 73376 Janitorial Services and Supplies 1,852.65MSD 73377 Sewer Services 64.17Gregory F.X. Daly, Collector of Revenue 73378 City Earnings Tax, Third Quarter 2017 1,045.73Gregory F.X. Daly, Collector of Revenue 73379 Water - City 115.66CBRE - 608844 73380 Management Fee - September 2017 1,108.00CBRE - 608844 73381 Engineer Services 409.15St. Louis Mat & Linen Company 73382 Floor Mats 53.00Blue Chip Pest Services 73383 Pest Control 44.00Yardi Marketplace 73384 Supplies 253.60Holland Capital Management LLC 73385 3rd Quarter 2017 Management Fee 32,907.33Board of Education St. Louis Benefits Trust 73386 Office Employees Insurance - Dental 248.99Board of Education St. Louis Benefits Trust 73387 Office Employees Insurance - Vision 17.00Board of Education St. Louis Benefits Trust 73388 Office Employees Insurance - Life 87.35Date Paid October 13, 2017Office Payroll ACH Office Payroll 10,353.16AXA Equitable ACH 457 Contributions 2,223.00Date Paid October 16, 2017Speciality Mailing 73419 Postage - Annual Open Enrollment 4,813.76Date Paid October 19, 2017Absopure Water Company 73420 Water Cooler Service 69.70Conduent HR Consulting, LLC 73421 Acturial & Consulting Services-Sept. and Oct. 9,066.00AT&T 73422 Monthly Service Charge 147.44Parking Management Services, LLC 73423 Parking Ticket Validations - September 2017 31.50Hartnett Gladney Hettermann, L.L.C. 73424 Legal Fees 2,373.50Blade Technologies, Inc. 73425 Professional Services 1,336.84Crossroads Courier, Inc. 73426 Courier Service 7.22Office Essentials 73427 Office Supplies 215.96Charter Communications 73428 Charter Internet and Voice 179.96Access 73429 Scanning Services 411.35Speciality Mailing 73430 Postage - Daily Pickup 190.00Speciality Mailing 73431 Service - Election Notice, Summer Newsletter 2,839.75Gallagher Benefits Services, Inc. 73432 Group Ins. Consulting Services Monthly Fee 3,320.25Jupiter Consulting Services, LLC 73433 Programming Consulting 6,804.00MSD 73434 Sewer Service 52.26BarnesCare 73435 Joseph W. Hoard 100.00GCI Security, Inc. 73436 Security Guard 10/16/2017 144.00American Solutions for Business 73437 Laser Checks - Operating Account 282.90Crain Communications 73438 11 Subscriptions for P&I Magazine 2,629.00Chicago Equity Partners, LLC 73439 3rd Quarter 2017 Management Fee 40,268.48The Edgar Lomax Company 73440 3rd Quarter 2017 Management Fee 42,271.52EARNEST Partners, LLC 73441 3rd Quarter 2017 Management Fee 7,655.53Systematic Financial Management, LP 73442 3rd Quarter 2017 Management Fee 70,805.04Mellon Capital Management Corporation 73443 3rd Quarter 2017 Management Fee 66,474.24Mellon Capital Management Corporation 73444 3rd Quarter 2017 Management Fee 848.17TCW Asset Management Company 73445 3rd Quarter 2017 Management Fee 48,969.89Date Paid October 23, 2017Machinist's District 9 Building Corporation 73446 Hall Rental - Open Enrollment November 30 900.00Date Paid October 27, 2017Office Payroll ACH Office Payroll 10,353.16AXA Equitable ACH 457 Contributions 2,223.30
TOTAL $381,573.55
Public School Retirement System of the City of St. LouisChecks Written During the Month of October, 2017
1 of 1
Payee Ck. Number Description AmountDate Paid November 6, 2017
Ameren Missouri 73476 Electric Service 1,370.50AT&T 73477 U-Verse Internet 60.81OffsiteDataSync 73478 Online Backups 208.12Windstream Communications 73479 Telephone, Data 563.33Office Essentials 73480 Printer and Toner 693.90Office Essentials 73481 Office Supplies 684.64Minuteman Press 73482 Medicare Summaries, Booklets and Envelopes 9,941.91BuildingStars STL Operations, Inc. 73483 Janitorial Services and Supplies 1,487.88Anders CPAs & Advisors 73484 GASB 68 Report, CAFR Proof & Review 5,000.00Anders CPAs & Advisors 73485 Retired Member Trustee Election 5,388.00Hartnett Gladney Hetterman, L.L.C. 73486 Legal Fees 12,173.00Speciality Mailing 73487 Service-Election Notice, Open Enroll., Bene. Stmts 2,663.10Purchase Power 73488 Postage 1,000.00UPS 73489 UPS Delivery 35.65NCTR 73490 NCTR Annual Conference - Bobbie Richardson 1,285.00Causeway Capital Management LLC 73491 3rd Quarter 2017 Management Fee 84,079.14INTECH Investment Management LLC 73492 3rd Quarter 2017 Management Fee 30,606.46Piedmont Investment Advisors, LLC 73493 3rd Quarter 2017 Management Fee 8,599.90Progress Investment Management Co., LLC 73494 3rd Quarter 2017 Management Fee 78,825.43Westfield Capital Management Company, LP 73495 3rd Quarter 2017 Management Fee 62,254.86Board of Education St. Louis Benefits Trust 73496 Office Employees Insurance - Dental 248.99Board of Education St. Louis Benefits Trust 73497 Office Employees Insurance - Vision 17.00Board of Education St. Louis Benefits Trust 73498 Office Employees Insurance - Life 87.35
Date Paid November 9, 2017Office Payroll ACH Office Payroll 10,353.16AXA Equitable ACH 457 Contributions 2,223.00Date Paid November 20, 2017
Absopure Water Company 73524 Water Cooler Service 86.75Conduent HR Consulting, LLC 73525 Acturial & Consulting Services - Oct. and Nov. 15,766.00AT&T 73526 Monthly Service Charge 147.37Blade Technologies, Inc. 73527 Professional Services 1,727.04Crossroads Courier, Inc. 73528 Courier Service 6.01Office Essentials 73529 Office Supplies 527.21Charter Communications 73530 Charter Internet and Voice 179.96Access 73531 Scanning Services 411.35Speciality Mailing 73532 Postage - Fall Newsletter 2,220.79Gallagher Benefits Services, Inc. 73533 Group Ins. Consulting Services Monthly Fee 3,320.25Jupiter Consulting Services, LLC 73534 Programming Consulting 9,387.00Tom Kinealy 73535 Office Supplies 226.50Sheila P. Goodwin 73536 Reimbursement - NCTR Conference 1,780.26Eural R. Thomas 73537 Reimbursement - NASP Conference 1,787.08Republic Services #346 73538 Trash Pick-Up 277.12CBRE - 60884 73539 Management Fee - October and November 2,216.00CBRE - 60884 73540 Engineer Services 526.05St. Louis Mat & Linen Company 73541 Floor Mats 53.00Blue Chip Pest Services 73542 Pest Control 44.00Yardi Marketplace 73543 Supplies 78.62Tech Electronics 73544 Central Monitoring of Fire Alarm System 99.00Fidelity Institutional Asset Mgmt. Trust Co. 73545 3rd Quarter 2017 Management Fee 73,333.84US Bank 73546 3rd Quarter 2017 Custodial Fee 28,681.00Date Paid November 24, 2017
Office Payroll ACH Office Payroll 10,353.16AXA Equitable ACH 457 Contributions 2,223.30
TOTAL $475,309.79
Public School Retirement System of the City of St. LouisChecks Written During the Month of November, 2017
TAB 3
Investment Committee 10-19-17.doc
Public School Retirement System of the City of St. Louis (PSRSSTL)
Investment Committee Meeting Minutes for
October 19, 2017
Joseph Clark, Chair of the Investment Committee, called the meeting to order at around 4:30 p.m. The meeting took place in the 2nd floor boardroom of the PSRSSTL office building located at 3641 Olive Street, St. Louis, Missouri. Roll Call was taken. Trustees Christina Bennett, Joe Clark, Darnetta Clinkscale and Eural Thomas were in attendance. A quorum was present at the meeting. Recently appointed Trustee, Angela banks, was also present. Trustees Paula Bentley, Louis Cross, Sheila Goodwin, Yvette Levy, Bobbie Richardson and Rick Sullivan were absent. Executive Director, Andrew Clark, NEPC Investment Consultant, Kristin Finney-Cooke, NEPC Representative, Will Forde, and an interested party were also present. The Chair turned the meeting over to the Investment Consultant. NEPC provided an overview of the money manager scheduled to make a presentation on the firm’s real estate debt investment strategy. Money manager Basis Investment Group, LLC, represented by Tammy K. Jones, Kunle Shoyombo and Rich Cadigan, joined the meeting for a presentation on the firm’s BIG Real Estate Fund I, real estate debt strategy, being considered by the Committee. Introductions were made around the table. The Basis Group representatives presented information about the firm, management team, strategy, goals, characteristics, allocation, risk, performance and product terms relative to the BIG Real Estate Fund I. The money manager placed emphasis on the fact that it is one of the only Minority & Woman Owned Business (“MWOB”) firms focused on commercial real estate debt investment strategies. There was discussion between the Committee and the money manager throughout the presentation until all questions were addressed satisfactorily. There was discussion about the money manager and the firm’s investment product until it appeared the Committee reached a consensus about the prospect of investing in the real estate strategy. Darnetta Clinkscale made a motion, seconded by Christina Bennett, to hire Basis Investment Group, LLC, as a real estate debt money manager and commit $8mm to the BIG Real Estate Fund I. A roll call vote was taken. Christina Bennett Yes Joseph Clark Yes Darnetta Clinkscale Yes Eural Thomas Yes With four yes votes, motion carried. The recommendation will be forwarded to the full board for consideration at a future meeting.
Investment Committee Meeting Minutes October 19, 2017 Page 2 of 2
The Investment Consultant provided a preliminary review of the retirement system’s investment performance during the 2017 third quarter. There was discussion on a myriad of topics, including retirement system funding, contributions, active membership rolls and the number of retirees either increasing or decreasing each year. The Investment Consultant informed the Trustees that at the next Investment Committee meeting currently scheduled for Thursday, November 16, 2017, Eric Harnish of NEPC will be presenting the annual private markets planning and review. Darnetta Clinkscale made a motion, seconded by Christina Bennett, to adjourn the meeting. By voice, the meeting adjourned at around 6:00 p.m.
Professional Contracts Committee 11-20-17.doc
Public School Retirement System of the City of St. Louis (PSRSSTL) Professional Contracts Committee
Meeting Minutes for November 20, 2017
Eural Thomas, Chair of the Professional Contracts Committee, called the meeting to order at around 4:35 p.m. The meeting took place in the 2nd floor boardroom of the PSRSSTL office building located at 3641 Olive Street, St. Louis, Missouri. Roll Call was taken. Trustees Angela Banks, Christina Bennett, Paula Bentley, Joseph Clark, Louis Cross, Rick Sullivan and Eural Thomas were in attendance. A quorum was present at the meeting. Trustees Sheila Goodwin and Bobbie Richardson joined the meeting in progress. Trustees Darnetta Clinkscale and Yvette Levy were absent. Executive Director, Andrew Clark, was also present. Christina Bennett made a motion, seconded by Joe Clark, to close the Professional Contracts Committee meeting, pursuant to RSMO §610.021 (12), to discuss the investment consulting services proposals and related documents. A roll call vote was taken. Angela Banks Yes Christina Bennett Yes Paula Bentley Yes Joseph Clark Yes Louis Cross Yes Rick Sullivan Yes Eural Thomas Yes With seven yes votes, motion carried, and the meeting closed at around 4:36 p.m. Christina Bennett made a motion, seconded by Angela Banks, to open the Professional Contracts Committee meeting. A roll call vote was taken. Angela Banks Yes Christina Bennett Yes Paula Bentley Yes Joseph Clark Yes Louis Cross Yes Sheila Goodwin Yes Bobbie Richardson Yes Rick Sullivan Yes Eural Thomas Yes With nine yes votes, motion carried, and the meeting opened at around 5:40 p.m. During closed session, the Committee agreed to continue discussing the investment consulting services proposals at a future Committee meeting. Christina Bennett made a motion, seconded by Bobbie Richardson, to adjourn the meeting. By voice, the meeting adjourned at around 5:40 p.m.
Trustee Business Committee 12-06-17.doc
Public School Retirement System of the City of St. Louis (PSRSSTL)
Trustee Business Committee Meeting Minutes for December 6, 2017
Sheila Goodwin, Chair of the Trustee Business Committee, called the meeting to order at 4:30 p.m. The meeting took place in the 2nd floor boardroom of the PSRSSTL office building located at 3641 Olive Street, St. Louis, Missouri. Roll Call was taken. Trustees Angela Banks, Paula Bentley, Sheila Goodwin, Bobbie Richardson and Eural Thomas were in attendance. A quorum was present at the meeting. Trustee, Darnetta Clinkscale, joined the meeting in progress. Trustees Christina Bennett, Joseph Clark, Louis Cross, Yvette Levy and Rick Sullivan were absent. Executive Director, Andrew Clark, was also present for the meeting. The Chair stated the business items for the meeting would be reviews of recent Trustee Travel Expenses and the 2018 Operating Budget. The Chair asked the Executive Director to present the Trustee Travel Expenses. The Executive Director informed the Committee that the travel expenses under consideration did not include conference registration fees paid directly by the system and that one travel expense voucher was past due. The Committee agreed that the Executive Director should begin proceedings to collect on the past due voucher. All questions were answered satisfactorily and it appeared the Committee reached a consensus on the travel expenses under consideration. Paula Bentley made a motion, seconded by Eural Thomas, to accept the total 2017 travel expenses as submitted by the Executive Director. A roll call vote was taken. Angela Banks Yes Paula Bentley Yes Sheila Goodwin Yes Bobbie Richardson Yes Eural Thomas Yes With five yes votes, motion carried. The Executive Director then presented the 2018 Operating Budget by reviewing the line items in the budget. The Committee discussed various budget issues until the Executive Director satisfactorily answered all questions from the Trustees and it appeared the Committee reached a consensus on the budget under consideration. Darnetta Clinkscale made a motion, seconded by Bobbie Richardson, to accept the 2018 Operating Budget as presented by the Executive Director. A roll call vote was taken. Angela Banks Yes Paula Bentley Yes Darnetta Clinkscale Yes Sheila Goodwin Yes Bobbie Richardson Yes Eural Thomas Yes
Trustee Business Committee Meeting Minutes December 6, 2017 Page 2 of 2
With six yes votes, motion carried. The two recommendations made by the Committee will be forwarded to the Trustees for full board consideration at the next regular meeting. Eural Thomas made a motion, seconded by Darnetta Clinkscale, to adjourn the meeting. By voice, the meeting adjourned at around 5:30 p.m. Attachments: 2017 Summary of Travel Expenses
Draft of 2018 Operating Budget Summary
ExpensesPaula Bentley NASP 06/25/17 06/29/17 Los Angeles, CA 1,781.53Paula Bentley MAPERS 07/12/17 07/14/17 Osage Beach, MO 655.42Paula Bentley NCTR 07/23/17 07/26/17 Cambridge, MA 1,664.01Darnetta Clinkscale NASP 06/25/17 06/29/17 Los Angeles, CA 1,487.04Sheila Goodwin NASP 06/25/17 06/29/17 Los Angeles, CA 1,795.98Sheila Goodwin MAPERS 07/11/17 07/15/17 Osage Beach, MO 831.76Sheila Goodwin NCTR 07/23/17 07/26/17 Cambridge, MA 1,874.48Sheila Goodwin NCTR 10/06/17 10/11/17 Tucson, AZ 1,780.26Bobbie Richardson NASP 06/25/17 06/29/17 Los Angeles, CA 2,003.44Bobbie Richardson MAPERS 07/12/17 07/14/17 Osage Beach, MO 785.59Bobbie Richardson NCTR 10/07/17 10/10/17 Tucson, AZ 1,702.76Eural Thomas NASP 06/25/17 06/29/17 Los Angeles, CA 1,787.08
$18,149.35
To approve the total 2017 travel expenses as recommended and accepted by the Trustee Business Committee at a meeting on December 6, 2017.
Recommendation
The following travel expenses were accepted by the Trustee Business Committee at a meeting on December 6, 2017, and are being forwarded to the Board of Trustees for approval.
TRUSTEE BUSINESS COMMITTEE MEETINGDecember 6, 2017
Name Sponsor Beginning Date Ending Date Location
Total 2017 Travel Expenses
Publ
ic S
choo
l Ret
irem
ent S
yste
m
of th
e C
ity o
f St.
Loui
s O
pera
ting
Bud
get -
Cal
enda
r Yea
r 201
8
Pa
ge 1
of 8
D
ecem
ber 2
017
20
1420
1520
16
DES
CRIP
TIO
NAC
TUAL
EXPE
NSE
SAC
TUAL
EXPE
NSE
SAC
TUAL
EXPE
NSE
SBU
DGE
TED
PRO
JECT
EDN
OTE
S(If
Var
iance
+/-
10%
)BU
DGE
TN
OTE
S
SAL
ARIE
S45
0,456
$
$461
,927
$460
,743
$472
,967
$472
,967
$00.0
%48
4,791
$
$11,8
242.5
%
BEN
EFIT
S17
7,081
181,6
5417
6,470
176,3
6617
5,684
(682
)-0
.4%20
7,156
$30,7
9017
.5%
ER
cont
ribut
ion
%
INVE
STM
ENT
MAN
AGEM
ENT
FEES
3,203
,463
3,1
53,93
12,9
58,10
83,3
57,28
62,9
05,51
3(4
51,77
3)-1
3.5%
201
7 di
rect
invoi
ces
3,194
,571
($
162,7
15)
-4.8%
TRU
ST &
CUS
TOD
Y BA
NK
SERV
ICES
149,0
27
14
7,454
148,7
0915
0,645
130,2
75(2
0,370
)-1
3.5%
mut
ual f
und
acco
unts
117,2
45
($
33,40
0)-2
2.2%
dire
ct cu
stody
accts
INVE
STM
ENT
CON
SULT
ING
196,3
36
19
2,090
182,1
5618
0,655
183,7
783,1
231.7
%18
6,775
$6,12
03.4
%
ACT
UARI
AL S
ERVI
CES
103,9
46
12
2,856
124,7
8815
1,000
146,4
85(4
,515)
-3.0%
136,0
00
($
15,00
0)-9
.9%
$15
k fo
r cos
t stu
dy
LEG
AL S
ERVI
CES
22,31
6
47
,209
63,94
370
,000
92,00
022
,000
31.4%
le
gislat
ion
& in
vestm
ents
85,00
0
$1
5,000
21.4%
in
vestm
ent c
ontra
cts
AUD
ITIN
G SE
RVIC
ES44
,340
76,98
068
,886
69,00
069
,000
00.0
%71
,610
$2,61
03.8
%
TRU
STEE
ELE
CTIO
NS
17,93
0
40
,883
28,09
041
,262
37,90
8(3
,354)
-8.1%
23,55
4
($
17,70
8)-4
2.9%
2 ele
ction
s bud
geted
in
2018
vs.
3 in
2017
TEC
HN
OLO
GY S
ERVI
CES
73,40
7
10
9,292
111,4
1298
,110
93,72
1(4
,389)
-4.5%
125,8
65
$2
7,755
28.3%
Doc
Imag
ing P
rojec
t
DIS
ABIL
ITY
MED
ICAL
EVA
LUAT
ION
S80
0
40
070
02,0
0080
0(1
,200)
-60.0
%
evalu
ation
s2,0
00
No
Chan
ge
0.0%
PRO
PERT
Y M
ANAG
EMEN
T11
5,651
98,11
999
,718
117,5
1611
0,112
(7,40
4)-6
.3%11
9,488
$1,97
21.7
%
PO
STAG
E &
DEL
IVER
Y51
,775
52,88
047
,310
51,12
750
,051
(1,07
6)-2
.1%51
,239
$112
0.2%
PRI
NTI
NG
& O
FFIC
E SU
PPLI
ES43
,706
43,28
444
,753
48,50
045
,600
(2,90
0)-6
.0%48
,718
$218
0.4%
EQ
UIPM
ENT
MAI
NTE
NAN
CE &
PUR
CHAS
ES8,4
67
13,89
124
,841
23,19
016
,568
(6,62
2)-2
8.6%
secu
rity e
quip
. es
timate
16,54
0
($
6,650
)-2
8.7%
pur
chas
es
BUS
INES
S IN
SURA
NCE
88,49
0
90
,230
91,31
693
,826
93,14
2(6
84)
-0.7%
95,59
5
$1
,769
1.9%
TRU
STEE
ED
UCAT
ION
AL E
XPEN
SES
32,66
6
21
,086
36,79
337
,000
24,87
6(1
2,124
)-3
2.8%
par
ticip
ation
35,00
0
($
2,000
)-5
.4%
RET
IREE
INSU
RAN
CE &
CO
NSU
LTIN
G2,7
35,84
4
2,641
,868
2,556
,643
2,653
,002
2,487
,847
(165
,155)
-6.2%
2,557
,002
($
96,00
0)-3
.6%
MIS
CELL
ANEO
US E
XPEN
SES
51,30
6
46
,397
40,32
643
,500
33,90
0(9
,600)
-22.1
%
ban
k ac
coun
t fee
s37
,900
($5,6
00)
-12.9
%
ban
k ac
ct. fe
es
SPE
CIAL
PRO
JECT
S0
05,0
005,0
004,0
00(1
,000)
-20.0
%ca
rry o
ver t
o 20
185,0
00
No
Chan
ge
0.0%
SEC
URIT
IES
LEN
DIN
G RE
VEN
UE(1
14,67
6)
(1
28,40
9)(1
49,24
6)(1
50,00
0)(1
40,19
6)9,8
04-6
.5%(1
50,00
0)
N
o Ch
ange
0.0
%
CO
MM
ISSI
ON
REC
APTU
RE R
EVEN
UE(3
1,651
)
(2
7,171
)(2
3,168
)(5
0,000
)(1
2,000
)38
,000
-76.0
%re
turn
s ex
pecte
d(2
5,000
)
$2
5,000
-50.0
%co
ntinu
es to
dec
reas
e
VA
LEAS
E RE
VEN
UE(1
43,75
4)
(1
46,00
7)(1
50,42
7)(1
53,54
7)(1
53,10
0)44
7-0
.3%(1
57,53
0)
($
3,983
)2.6
%
TOTA
L7,2
76,92
6
7,240
,844
6,9
47,86
4
7,4
88,40
5
$6
,868,9
31($
619,4
74)
-8.3%
M
gmt f
ees &
ret.
Ins.
$7,26
8,519
($21
9,886
)-2
.9%
2017
2018
BUD
GET
VARI
ANCE
INCR
EASE
(DEC
REAS
E)
2018
Bud
get I
ncre
ase (
Dec
reas
e) re
lative
to am
ount
bud
gete
d in
calen
dar y
ear 2
017.
Se
e Atta
ched
Bud
get N
otes
and
Supp
ortin
g Bu
dget
Det
ail.
TAB 4
Public School Retirement System of the
City of St. Louis (PSRSSTL) 3641 Olive Street, 2nd Floor Boardroom
St. Louis, MO 63108
Voice: (314) 534-7444 Fax: (314) 534-0531
Website: http://www.psrsstl.org
Board of Trustees Regular Meeting Schedule
Calendar Year 2018
Unless otherwise posted, trustee meetings are conducted in the Boardroom on the 2nd floor of the Retirement System’s office building (address above)
February 26, 2018
April 16, 2018
June 18, 2018
August 20, 2018
October 15, 2018
December 17, 2018 (Proposed 2018 Meeting Schedule for Consideration by the Board of Trustees)
Publ
ic S
choo
l Ret
irem
ent S
yste
m
of th
e C
ity o
f St.
Loui
s O
pera
ting
Bud
get -
Cal
enda
r Yea
r 201
8
Pa
ge 1
of 8
D
ecem
ber 1
8, 2
017
20
1420
1520
16
DES
CRIP
TIO
NAC
TUAL
EXPE
NSE
SAC
TUAL
EXPE
NSE
SAC
TUAL
EXPE
NSE
SBU
DGE
TED
PRO
JECT
EDN
OTE
S(If
Var
iance
+/-
10%
)BU
DGE
TN
OTE
S
SAL
ARIE
S45
0,456
$
$461
,927
$460
,743
$472
,967
$472
,967
$00.0
%48
4,791
$
$11,8
242.5
%
BEN
EFIT
S17
7,081
181,6
5417
6,470
176,3
6617
5,684
(682
)-0
.4%20
7,156
$30,7
9017
.5%
ER
cont
ribut
ion
%
INVE
STM
ENT
MAN
AGEM
ENT
FEES
3,203
,463
3,1
53,93
12,9
58,10
83,3
57,28
62,9
05,51
3(4
51,77
3)-1
3.5%
201
7 di
rect
invoi
ces
3,194
,571
($
162,7
15)
-4.8%
TRU
ST &
CUS
TOD
Y BA
NK
SERV
ICES
149,0
27
14
7,454
148,7
0915
0,645
130,2
75(2
0,370
)-1
3.5%
mut
ual f
und
acco
unts
117,2
45
($
33,40
0)-2
2.2%
dire
ct cu
stody
accts
INVE
STM
ENT
CON
SULT
ING
196,3
36
19
2,090
182,1
5618
0,655
183,7
783,1
231.7
%18
6,775
$6,12
03.4
%
ACT
UARI
AL S
ERVI
CES
103,9
46
12
2,856
124,7
8815
1,000
146,4
85(4
,515)
-3.0%
136,0
00
($
15,00
0)-9
.9%
$15
k fo
r cos
t stu
dy
LEG
AL S
ERVI
CES
22,31
6
47
,209
63,94
370
,000
92,00
022
,000
31.4%
le
gislat
ion
& in
vestm
ents
85,00
0
$1
5,000
21.4%
in
vestm
ent c
ontra
cts
AUD
ITIN
G SE
RVIC
ES44
,340
76,98
068
,886
69,00
069
,000
00.0
%71
,610
$2,61
03.8
%
TRU
STEE
ELE
CTIO
NS
17,93
0
40
,883
28,09
041
,262
37,90
8(3
,354)
-8.1%
23,55
4
($
17,70
8)-4
2.9%
2 ele
ction
s bud
geted
in
2018
vs.
3 in
2017
TEC
HN
OLO
GY S
ERVI
CES
73,40
7
10
9,292
111,4
1298
,110
93,72
1(4
,389)
-4.5%
125,8
65
$2
7,755
28.3%
Doc
Imag
ing P
rojec
t
DIS
ABIL
ITY
MED
ICAL
EVA
LUAT
ION
S80
0
40
070
02,0
0080
0(1
,200)
-60.0
%
evalu
ation
s2,0
00
No
Chan
ge
0.0%
PRO
PERT
Y M
ANAG
EMEN
T11
5,651
98,11
999
,718
117,5
1611
0,112
(7,40
4)-6
.3%11
9,488
$1,97
21.7
%
PO
STAG
E &
DEL
IVER
Y51
,775
52,88
047
,310
51,12
750
,051
(1,07
6)-2
.1%51
,239
$112
0.2%
PRI
NTI
NG
& O
FFIC
E SU
PPLI
ES43
,706
43,28
444
,753
48,50
045
,600
(2,90
0)-6
.0%48
,718
$218
0.4%
EQ
UIPM
ENT
MAI
NTE
NAN
CE &
PUR
CHAS
ES8,4
67
13,89
124
,841
23,19
016
,568
(6,62
2)-2
8.6%
secu
rity e
quip
. es
timate
16,54
0
($
6,650
)-2
8.7%
pur
chas
es
BUS
INES
S IN
SURA
NCE
88,49
0
90
,230
91,31
693
,826
93,14
2(6
84)
-0.7%
95,59
5
$1
,769
1.9%
TRU
STEE
ED
UCAT
ION
AL E
XPEN
SES
32,66
6
21
,086
36,79
337
,000
24,87
6(1
2,124
)-3
2.8%
par
ticip
ation
35,00
0
($
2,000
)-5
.4%
RET
IREE
INSU
RAN
CE &
CO
NSU
LTIN
G2,7
35,84
4
2,641
,868
2,556
,643
2,653
,002
2,487
,847
(165
,155)
-6.2%
2,557
,002
($
96,00
0)-3
.6%
MIS
CELL
ANEO
US E
XPEN
SES
51,30
6
46
,397
40,32
643
,500
33,90
0(9
,600)
-22.1
%
ban
k ac
coun
t fee
s37
,900
($5,6
00)
-12.9
%
ban
k ac
ct. fe
es
SPE
CIAL
PRO
JECT
S0
05,0
005,0
004,0
00(1
,000)
-20.0
%ca
rry o
ver t
o 20
185,0
00
No
Chan
ge
0.0%
SEC
URIT
IES
LEN
DIN
G RE
VEN
UE(1
14,67
6)
(1
28,40
9)(1
49,24
6)(1
50,00
0)(1
40,19
6)9,8
04-6
.5%(1
50,00
0)
N
o Ch
ange
0.0
%
CO
MM
ISSI
ON
REC
APTU
RE R
EVEN
UE(3
1,651
)
(2
7,171
)(2
3,168
)(5
0,000
)(1
2,000
)38
,000
-76.0
%re
turn
s ex
pecte
d(2
5,000
)
$2
5,000
-50.0
%co
ntinu
es to
dec
reas
e
VA
LEAS
E RE
VEN
UE(1
43,75
4)
(1
46,00
7)(1
50,42
7)(1
53,54
7)(1
53,10
0)44
7-0
.3%(1
57,53
0)
($
3,983
)2.6
%
TOTA
L7,2
76,92
6
7,240
,844
6,9
47,86
4
7,4
88,40
5
$6
,868,9
31($
619,4
74)
-8.3%
M
gmt f
ees &
ret.
Ins.
$7,26
8,519
($21
9,886
)-2
.9%
2017
2018
BUD
GET
VARI
ANCE
INCR
EASE
(DEC
REAS
E)
2018
Bud
get I
ncre
ase (
Dec
reas
e) re
lative
to am
ount
bud
gete
d in
calen
dar y
ear 2
017.
Se
e Atta
ched
Bud
get N
otes
and
Supp
ortin
g Bu
dget
Det
ail.
Public School Retirement System of the City of St. Louis
Operating Budget - Calendar Year 2018
Page 2 of 8 December 18, 2017
Asset Assumptions (as of 10/31/17) Investment Accounts Billed Indirectly (fees not budgeted) $314.8 million Investment Accounts Billed Directly 463.7 million Financial Investments $778.5 million Real Estate Investments 54.3 million Private Equity Investments (fees not budgeted) 26.0 million Total Fund ....................................................................................................................................... $858.8 million
Investment Management Fees Investment Accounts Billed Directly $463.7 million in assets at 57.3 basis points $2,657,001 Real Estate Investments $54.3 million in assets at 99 basis points 537,570 Investment Management Fees ......................................................................................................... $3,194,571
Trust & Custody Bank Services U.S. Bank 15 Separate Accounts at $1,000/account $15,000 Domestic Assets of $313.9 million at 1.5 basis points 47,085 Foreign Equity Assets of $50.2 million at 8 basis points 40,160 Miscellaneous Administrative Fees (Global Equities) 15,000 Trust & Custody Bank Services .......................................................................................................... $117,245
Investment Consulting New England Pension Consultants Financial Composite First $100 million at 3 basis points $30,000 Second $100 million at 2 basis points 20,000 Next $578.5 million at 1.5 basis point 86,775 Financial Composite Expenses $136,775 Alternative Investments Expenses 50,000 Investment Consulting ........................................................................................................................... $186,775
Public School Retirement System of the City of St. Louis
Operating Budget - Calendar Year 2018
Page 3 of 8 December 18, 2017
Actuarial Services Buck Consultants, LLC
Retirement and Purchase of Service Calculations, Retirement Estimates $70,000 Valuation Report, Board Meetings, Annual Audit, General Consulting 46,000 Annual Benefit Statements, Miscellaneous Actuarial Services 20,000
Actuarial Services ..................................................................................................................................... $136,000 Legal Services Hartnett Gladney Hetterman, LLC General Legal Counsel $55,000 Investment Agreement Reviews 30,000 Legal Services ............................................................................................................................................. $85,000 Auditing Services Anders Minkler Huber & Helm LLP Annual Audit (financial statements & GASB No. 68) $65,100 Accounting Services (CAFR & other requirements) 6,510 Auditing Services ....................................................................................................................................... $71,610 Trustee Elections Active Trustee Elections (5,050 eligible voters) Election Commissioner Costs $3,000 Miscellaneous Costs (i.e. ballot return postage) 1,000 Printing at 68¢/voter 3,434 Mailings at 86¢/voter 4,343 Cost Per Active Trustee Election 11,777 Two Active Trustee Elections at $11,777 23,554 Trustee Elections ....................................................................................................................................... $23,554 Technology Services, Computer Consulting & Software (see Technology Budget, page 8) Technical Services, Consulting & Support $119,880 Software Purchases & Licenses 5,985 Technology Services, Computer Consulting & Software ............................................................ $125,865 Physician Fees Disability Medical Evaluations ............................................................................................................... $2,000
Public School Retirement System of the City of St. Louis
Operating Budget - Calendar Year 2018
Page 4 of 8 December 18, 2017
Property Management, Security & Utilities Property Management at $1,133/month $13,596 Property Management Services (trash, janitorial, maintenance) 60,000 Security Monitoring 1,800 Property Management & Security Monitoring $75,396 Charter Internet Service 3 @ $179/month $ 537 Fiber Optic Internet Service 9 @ $628/month 5,652 AT&T Telephone Service at $310/month 3,720 Windstream Communications Telephone Service 3 @ $565/month 1,695 Freedom Voice Telephone Service 9 @ $532/month 4,788 Ameren UE Electric Service 26,500 MSD/St. Louis City Water 1,200 Utilities $44,092 Property Management, Security & Utilities .................................................................................... $119,488
Postage & Delivery Quarterly Newsletter at $3,350/mailing $13,400 Health Insurance Open Enrollment Packets – 3,200 at $1.86 each 5,952 Annual Report Summaries – 9,700 at 59¢ each 5,723 1099R Forms – 5,600 at 59¢ each 3,304 Annual Benefit Statements – 5,200 at 55¢ each 2,860 Miscellaneous Postage & Delivery 20,000
Postage & Delivery ................................................................................................................................... $51,239
Printing & Office Supplies Quarterly Newsletter at $1,668/mailing $6,672 Annual Reports – 150 at $12.60 each 1,890 Annual Report Summaries – 10,000 at 82¢ each 8,200 Health Insurance Open Enrollment Packets – 3,800 at $2.62 each 9,956 Miscellaneous Printing & Office Supplies 22,000
Printing & Office Supplies...................................................................................................................... $48,718
Equipment Maintenance & Purchases Maintenance Contracts & Leases
IBM AS 400 Computer $1,500 Paymaster Check Writer 500 Telephone System 500 Dynamic Microfiche Reader/Printer 500 Firewall Maintenance & Subscription Service 500 Konica & Toshiba Printers 3,000 Pitney Bowes Mail System 5,640 Maintenance Contract & Leases $12,140
Equipment Purchases (see Technology Budget, page 8) 4,400
Equipment Maintenance & Purchases ............................................................................................... $16,540
Public School Retirement System of the City of St. Louis
Operating Budget - Calendar Year 2018
Page 5 of 8 December 18, 2017
Business Insurance Fiduciary Coverage $60,925 Crime Coverage & Treasurer’s Bond 3,170 Property, Casualty & Workers’ Compensation Coverage 16,500 Insurance Brokerage Services 15,000
Business Insurance ................................................................................................................................... $95,595
Trustee Educational Expenses Projected for 2018 ...................................................................................................................................... $35,000
Retiree Insurance, Consulting & Open Enrollment (Based on November 2017 enrollment levels)
Retiree Health Care Insurance Subsidy Medical Insurance: 2,300 members @ $80.00/member/month $2,208,000 Dental Insurance: 2,900 members @ $5.95/member/month 207,060 Vision Insurance: 3,100 members @ $2.61/member/month 97,092 Health Insurance Consulting 39,850 Open Enrollment Assistance 5,000
Retiree Insurance, Consulting & Open Enrollment ................................................................. $2,557,002
Miscellaneous Expenses Bank Account Fees $32,400 Public Parking, Subscriptions & Meetings 4,000 Unforeseen Building Supplies & Equipment 1,500
Miscellaneous Expenses ......................................................................................................................... $37,900
Special Projects Planned for 2018 Boardroom Director Chairs 5,000
Special Projects Planned for 2018 ........................................................................................................... $5,000
PUB
LIC
SC
HO
OL
RE
TIR
EM
EN
T S
YST
EM
O
F T
HE
CIT
Y O
F ST
. LO
UIS
Pa
ge 6
of 8
D
ecem
ber 1
8, 2
017
2018
Org
aniz
atio
nal C
hart
B
oard
of
T
rust
ees
Exe
cutiv
e D
irec
tor
Tech
nolo
gy
Man
ager
In
sura
nce
Ben
efits
Sp
ecia
list
Acc
ount
ing
Spec
ialis
t M
embe
r Ser
vice
s Le
ad
Mem
ber S
ervi
ces
Cle
rical
Ass
ista
nt
Cus
tom
er S
ervi
ce
Rep
rese
ntat
ive
W
ork-
flow
supe
rvis
ion
only
PUB
LIC
SC
HO
OL
RE
TIR
EM
EN
T S
YST
EM
O
F T
HE
CIT
Y O
F ST
. LO
UIS
2017
IN
VE
STM
EN
T M
AN
AG
EM
EN
T F
EE
S
Page
7 o
f 8
Dec
embe
r 18,
201
7
MO
NE
Y M
AN
AG
ER
1
st Q
UA
RT
ER
2n
d Q
UA
RT
ER
3rd
QU
AR
TE
RM
anag
er F
ees
Bill
ed D
irec
tly
Fee
s M
arke
t V
alue
Fee
Rat
e F
ees
Mar
ket
Val
ueF
ee R
ate
Fee
s
Mar
ket
Val
ueF
ee R
ate
Cau
sew
ay C
apita
l Man
agem
ent
73,5
7543
,738
,194
0.67
3%77
,254
46,0
02,2
820.
672%
84,0
7950
,263
,315
0.66
9%C
hica
go E
quity
Par
tner
s39
,984
45,6
95,9
600.
350%
40,1
0045
,829
,131
0.35
0%40
,268
46,0
21,1
170.
350%
EA
RN
EST
Par
tner
s7,
472
11,9
55,4
910.
250%
7,58
912
,142
,690
0.25
0%7,
656
12,2
48,8
430.
250%
Edg
ar L
omax
Co.
42
,917
34,8
14,6
900.
493%
43,3
0735
,161
,996
0.49
3%42
,272
34,2
41,3
540.
494%
Fide
lity
Inst
itutio
nal A
sset
Mgm
t Co.
65,5
8142
,465
,157
0.61
8%70
,144
46,1
15,2
780.
608%
73,3
3448
,667
,069
0.60
3%H
olla
nd C
apita
l Man
agem
ent
46,9
1331
,530
,479
0.59
5%49
,387
33,5
09,5
650.
590%
32,9
0729
,617
,162
0.60
1%In
tech
30,4
5724
,611
,687
0.49
5%29
,753
24,0
42,5
580.
495%
30,6
0624
,732
,494
0.49
5%Lo
omis
Say
les
(Hig
h-Y
ield
Fix
ed I
ncom
e)53
,851
43,0
81,0
090.
500%
36,6
7843
,887
,910
0.50
0%M
ello
n C
apita
l Man
agem
ent
1,75
713
,836
,300
0.05
1%1,
573
12,1
99,8
340.
052%
848
6,30
4,28
30.
054%
Mel
lon
Glo
bal E
xpan
ded
Alp
ha 1
66,9
0333
,916
,296
0.78
9%65
,163
32,6
71,2
030.
798%
66,4
7432
,966
,165
0.80
7%M
anul
ife A
sset
Man
agem
ent U
.S. L
LC31
,240
41,6
53,5
580.
300%
31,8
0442
,405
,467
0.30
0%32
,124
42,8
32,5
950.
300%
Mon
dria
n40
,081
35,0
92,3
320.
457%
41,4
2436
,627
,945
0.45
2%Pi
edm
ont I
nves
tmen
ts (N
CM
Cap
ital)
8,24
510
,993
,521
0.30
0%8,
420
11,2
27,0
940.
300%
8,60
011
,466
,529
0.30
0%Pr
ogre
ss I
nves
tmen
t Man
agem
ent
71,4
3743
,961
,103
0.65
0%74
,964
46,1
31,9
660.
650%
78,8
2548
,507
,959
0.65
0%Sy
stem
atic
Fin
anci
al M
gmt.,
LP
65,0
7726
,374
,458
0.98
7%66
,605
27,1
89,2
580.
980%
70,8
0529
,429
,353
0.96
2%T
CW
Ass
et M
anag
emen
t Co.
45,0
7030
,046
,534
0.60
0%48
,944
32,6
29,6
400.
600%
48,9
7032
,646
,592
0.60
0%W
estf
ield
Cap
ital M
gmt.
57,5
1923
,007
,468
1.00
0%59
,695
23,8
78,0
811.
000%
62,2
5524
,901
,945
1.00
0%T
OT
AL
MA
NA
GE
R F
EE
S B
ILL
ED
DIR
EC
TL
Y$7
48,0
79$5
36,7
74,2
380.
557%
$752
,807
$551
,651
,897
0.54
6%$6
80,0
24$4
74,8
46,7
750.
573%
Man
ager
Fee
s B
illed
Ind
irec
tly
DFA
46,0
7936
,863
,520
0.50
0%47
,218
37,7
74,7
840.
500%
50,1
1340
,090
,576
0.50
0%E
NT
RU
ST72
,604
21,5
70,3
471.
346%
73,3
2021
,790
,653
1.34
6%73
,079
21,7
16,5
961.
346%
GM
O G
loba
l Bal
ance
d49
,491
36,6
60,0
730.
540%
46,8
2634
,685
,598
0.54
0%48
,300
35,7
77,7
100.
540%
Gro
sven
or74
,606
25,9
49,8
201.
150%
74,8
6226
,038
,870
1.15
0%76
,043
26,4
49,6
661.
150%
Laza
rd E
mer
ging
Mar
kets
Deb
t56
,470
26,5
74,2
160.
850%
57,1
7826
,907
,487
0.85
0%58
,205
27,3
90,7
530.
850%
Loom
is S
ayle
s (A
bsol
ute
Ret
urn
Fixe
d In
com
e)18
,553
14,8
42,0
320.
500%
55,2
7843
,861
,713
0.50
4%N
eube
rger
Ber
man
26,5
6535
,420
,000
0.30
0%O
FI G
loba
l Ass
et M
anag
emen
t (E
mer
ging
Mar
kets
)47
,111
22,1
70,0
270.
850%
51,1
0724
,050
,450
0.85
0%55
,780
26,2
49,5
270.
850%
Pass
port
41,2
478,
249,
422
2.00
0%41
,900
8,38
0,01
02.
000%
2,09
541
9,00
02.
000%
PIM
CO
79,6
0436
,810
,898
0.86
5%74
,479
34,4
41,3
730.
865%
76,8
9935
,560
,396
0.86
5%U
BS
Tru
mbu
ll (R
eal E
stat
e Fu
nds)
122,
430
52,8
89,3
120.
926%
117,
340
53,3
88,5
760.
879%
119,
576
53,9
44,7
200.
887%
Whi
tebo
x65
,484
17,4
62,3
631.
500%
55,4
7514
,793
,448
1.50
0%67
,375
17,9
66,5
361.
500%
TO
TA
L M
AN
AG
ER
FE
ES
BIL
LE
D I
ND
IRE
CT
LY
$655
,126
$285
,199
,997
0.91
9%$6
58,2
59$2
97,0
93,2
800.
886%
$709
,308
$364
,847
,194
0.77
8%
TO
TA
L A
LL
FE
ES
$1,4
03,2
04$8
21,9
74,2
350.
683%
$1,4
11,0
66$8
48,7
45,1
770.
665%
$1,3
89,3
33$8
39,6
93,9
680.
662%
$2,1
80,9
10$2
,022
,692
$4,2
03,6
03
TO
TA
L Y
EA
R-T
O-D
AT
E M
AN
AG
ER
FE
ES
BIL
LE
D D
IRE
CT
LY
TO
TA
L Y
EA
R-T
O-D
AT
E M
AN
AG
ER
FE
ES
BIL
LE
D I
ND
IRE
CT
LY
TO
TA
L Y
EA
R-T
O-D
AT
E M
AN
AG
ER
FE
ES
PUB
LIC
SC
HO
OL
RE
TIR
EM
EN
T S
YST
EM
O
F T
HE
CIT
Y O
F ST
. LO
UIS
2018
TE
CH
NO
LOG
Y B
UD
GE
T
Pa
ge 8
of 8
D
ecem
ber 1
8, 2
017
T
YP
ED
ESC
RIP
TIO
NH
AR
DW
AR
ESO
FT
WA
RE
SER
VIC
ES
TO
TA
LH
ardw
are
Rep
lace
Tw
o Se
curit
y C
amer
as$4
,000
Rep
lace
Tw
o H
P D
eskt
op P
rinte
rs40
0 T
otal
Har
dwar
e (s
ee p
age
4 -
equi
pmen
t mai
nten
ance
& p
urch
ases
)$4
,400
$4
,400
So
ftw
are
Ado
be P
DF
Prof
essi
onal
Sof
twar
e Li
cens
es$4
80G
ener
al L
edge
r So
ftw
are
Rep
lace
men
t2,
500
Lene
l Bui
ldin
g Se
curit
y Sy
stem
275
Qui
ckbo
oks
Prem
ier
Serv
er a
nd L
icen
se40
0R
eliu
s G
over
nmen
t For
ms
1099
For
ms
and
Env
elop
es1,
000
Rel
ius
Gov
ernm
ent F
orm
s A
nnua
l Lic
ense
400
Mic
roso
ft O
ffic
e365
(Off
ice
2016
) 25
0PR
ISM
Sca
npat
h So
ftw
are
for
Kon
ica/
Min
olta
Prin
ter
180
Mis
cella
neou
s So
ftw
are
500
Tot
al S
oftw
are
(see
pag
e 3
- te
chno
logy
ser
vice
s)$5
,985
$5,9
85Se
rvic
esA
nnua
l Mem
ber
Add
ress
Ver
ifica
tion
Serv
ice
$1,0
00
Mon
thly
Dea
thSc
an V
erifi
catio
n Se
rvic
e2,
000
Bla
de T
echn
olog
y Se
rvic
ePlu
s R
emot
e M
onito
ring
and
Mai
nten
ance
1
6,80
0 B
lade
Tec
hnol
ogy
Secu
rity
Aud
it &
Dis
aste
r R
ecov
ery
6,12
0 B
lade
Tec
hnol
ogy
On-
Site
Mai
nten
ance
(est
imat
ed 2
4 ho
urs)
3,36
0 B
lade
Tec
hnol
ogy
Con
vers
ion
to F
reed
omvo
ice
Tel
epho
ne S
ervi
ce
3,60
0 D
ocum
ent I
mag
ing
Serv
ice
& L
icen
sing
7,40
0 D
ocum
ent I
mag
ing
Con
vers
ion
1
8,50
0 V
EE
AM
Off
-site
Dat
a B
acku
p2,
520
Gen
eral
Led
ger
Ana
lysi
s &
Con
vers
ion
7,20
0 Ju
pite
r C
onsu
lting
Ser
vice
s
50,
000
Web
site
Hos
ting
200
W
ebsi
te M
odifi
catio
ns
1,
080
Efa
x.co
m I
nter
net S
ervi
ce
1
00
Tot
al S
ervi
ces
(see
pag
e 3
- te
chno
logy
ser
vice
s)$1
19,8
80
$119
,880
T
OT
AL
$4,4
00
$5,9
85
$119
,880
$1
30,2
65
PUBLIC SCHOOL RETIREMENT SYSTEM OF THE CITY OF ST. LOUIS
3641 OLIVE STREET, SUITE 300 ST. LOUIS, MO 63108-3601
OFFICE OF THE PHONE: (314) 534-7444 EXECUTIVE DIRECTOR FAX: (314) 533-0531
October 11, 2017 Delivered by Email to [email protected] Mr. Richard Sullivan CEO, Special Administrative Board St. Louis Public Schools 801 North 11th Street, Room 800 St. Louis, MO 63101 Re: Trustee Appointment Dear Mr. Sullivan: This letter serves as notice that John Moten, SLPS Board of Education appointed Trustee, resigned from his position on October 6, 2017. Mr. Moten’s term as Trustee for the Public School Retirement System of the City of St. Louis (PSRSSTL) was set to expire December 31, 2017. The resignation of Mr. Moten has created an immediate vacancy for this Board of Education appointment which, without an appointment by the SLPS Board of Education, will continue for the four-year term from January 1, 2018 through December 31, 2021. Pursuant to R. S. Mo. §169.450, 1(1), "[t]he members of such board of trustees appointed by the board of education may be members of the board of education or other individuals deemed qualified to hold such positions by the board of education." Please notify me in writing once there is an appointment so arrangements can be made with the new Trustee to have them sworn in by the Clerk of the Circuit Court. If you have any questions, please contact me at (314) 533-3883 or [email protected]. Thank you in advance for your prompt attention to this Trustee appointment. Sincerely, “FILE COPY” Andrew Clark Executive Director cc: Members of the SLPS Special Administrative Board Members of the SLPS Elected Board of Education PSRSSTL Board of Trustees Office of SLPS Board Operations
TAB 5
Publ
ic S
choo
l Ret
irem
ent S
yste
mof
the
City
of S
t. Lo
uis
In
vest
men
t Sum
mar
y(in
thou
sand
s)
2017
Asse
t Cat
egor
yJA
NFE
BM
ARAP
RM
AYJU
NE
JULY
AUG
SEP
OC
TN
OV
DEC
Cas
h 1
22,1
32$
14
,185
$
5,61
7$
5,98
3$
5,03
5$
7,24
1$
4,30
8$
11,4
05$
27
,552
$
Res
idua
l Cas
h 2
12,8
76
8,
206
9,
270
9,
031
7,
675
44
,690
7,86
7
7,81
4
6,49
7
Gov
ernm
ent &
Age
ncy
Bon
ds59
,950
61,5
78
61
,499
61,8
44
62
,845
28,5
92
28
,982
28,8
37
29
,207
Cor
pora
te B
onds
74,9
38
75
,970
75,6
17
76
,233
37,1
82
36
,816
36,3
51
36
,813
36,5
92
M
ello
n B
ond
Inde
x Fu
nd68
9
69
4
69
4
69
9
70
4
70
4
70
7
71
3
71
0
D
omes
tic &
Inte
rnat
iona
l Equ
ities
285,
922
29
9,13
4
299,
839
30
5,78
8
307,
685
29
9,09
2
307,
634
29
8,57
6
286,
480
M
ello
n S
tock
Inde
x Fu
nd13
,586
14,1
26
14
,143
14,2
88
8,
346
8,
397
4,
573
4,
587
4,
682
M
utua
l Fun
ds
229,
930
23
3,54
5
237,
462
23
2,90
4
280,
170
28
1,26
6
321,
826
32
3,93
3
327,
617
-
-
-
H
edge
Fun
ds73
,425
73,5
48
73
,464
73,6
77
73
,979
74,1
46
74
,312
66,2
84
66
,487
-
-
-
Rea
l Est
ate
Fund
s 352
,710
52,7
10
53
,199
53,1
99
53
,199
53,7
01
53
,701
53,7
01
54
,306
Priv
ate
Inve
stm
ents
420
,799
20,7
99
20
,799
20,1
39
20
,139
20,1
39
25
,750
25,7
50
25
,750
Tota
l (al
l ass
et c
ateg
orie
s)84
6,95
7$
854,
495
$ 85
1,60
3$
853,
785
$ 85
6,95
9$
854,
784
$ 86
6,01
1$
858,
413
$ 86
5,88
0$
-$
-$
-$
Mut
ual F
unds
DFA
Mic
ro C
ap E
quiti
es21
,230
$
21,3
74$
21
,410
$
21,7
51$
21
,101
$
21,8
85$
21
,988
$
21,5
12$
23
,317
$
DFA
Em
ergi
ng M
arke
ts E
quiti
es14
,385
15,0
41
15
,453
15,5
66
15
,849
15,8
90
16
,740
17,1
59
16
,774
OFI
Glo
bal E
mer
ging
Mar
kets
Equ
ities
21,6
11
21
,996
22,9
03
23
,477
24,1
90
24
,485
25,7
91
26
,430
26,5
28
Fi
delit
y In
stitu
tiona
l Ass
et M
gmt (
Pyr
amis
)41
,759
42,1
43
43
,494
44,9
22
46
,591
46,8
33
48
,349
48,2
17
49
,436
Laza
rd E
mer
ging
Mar
kets
Deb
t26
,254
26,6
32
26
,789
26,9
93
27
,062
26,9
66
27
,065
27,4
81
27
,510
Loom
is S
ayle
s S
trate
gic
Alp
ha 5
43,7
47
43
,782
43,9
07
43
,815
44,3
28
N
eube
rger
Ber
man
Glo
bal F
ixed
Inco
me
635
,245
35,3
85
35
,420
GM
O G
loba
l Ass
et A
lloca
tion
35,5
09
36
,173
36,6
60
34
,054
34,5
88
34
,686
35,2
32
35
,603
35,7
78
M
ello
n G
loba
l Ass
et A
lloca
tion
33,3
65
33
,710
33,9
42
32
,185
32,6
53
32
,298
32,3
67
32
,751
32,9
66
P
IMC
O A
ll A
sset
Allo
catio
n 35
,817
36,4
76
36
,811
33,9
56
34
,389
34,4
41
35
,142
35,5
80
35
,560
Tota
l (m
utua
l fun
ds)
229,
930
$ 23
3,54
5$
237,
462
$ 23
2,90
4$
280,
170
$ 28
1,26
6$
321,
826
$ 32
3,93
3$
327,
617
$ -
$
-
$
-
$
Hed
ge F
unds
7
EnT
rust
21,3
36$
21
,515
$
21,6
03$
21
,498
$
21,6
52$
21
,709
$
21,7
17$
21
,730
$
21,5
76$
G
rosv
enor
25,7
43
25
,923
25,9
50
26
,051
26,0
96
26
,039
26,2
21
26
,247
26,4
50
P
assp
ort
8,76
4
8,39
7
8,24
9
8,31
4
8,22
8
8,38
0
8,38
0
419
419
Whi
tebo
x17
,582
17,7
13
17
,662
17,8
14
18
,003
18,0
18
17
,994
17,8
88
18
,042
Tota
l (he
dge
fund
s)73
,425
$
73,5
48$
73
,464
$
73,6
77$
73
,979
$
74,1
46$
74
,312
$
66,2
84$
66
,487
$
-$
-$
-$
1 Che
ckin
g &
Cas
h A
ccts
376,
864
41
8,26
4
3 Rea
l Est
ate
Fund
s es
timat
es fo
r Jan
& F
eb a
s of
12/
31/1
6; A
pr &
May
as
of 0
3/31
/17;
Jul
& A
ug a
s of
06/
30/1
7
6 Neu
berg
er B
erm
an G
loba
l Opp
ortu
nist
ic F
ixed
Inco
me
Trus
t fun
ded
thro
ugh
liqui
datio
n of
Mon
dria
n th
e fir
st w
eek
in J
uly
2017
1st Q
TR2nd
QTR
3rd Q
TR
4 Priv
ate
Inve
stm
ents
est
imat
es fo
r Jan
- M
ar a
s of
09/
30/1
6; A
pr -
Jun
as o
f 12/
31/1
6; J
ul -
Sep
as
of 0
3/31
/17
2 Cas
h he
ld b
y m
oney
man
ager
s
5 Loom
is S
ayle
s tra
nsiti
on fr
om th
e hi
gh y
ield
fixe
d in
com
e st
rate
gy to
the
abso
lute
retu
rn fi
xed
inco
me
stra
tegy
com
plet
ed o
n 5/
31/1
7
4th Q
TR
PUB
LIC
SC
HO
OL
RE
TIR
EM
EN
T S
YST
EM
OF
TH
E C
ITY
OF
ST. L
OU
ISIN
VE
STM
EN
T S
UM
MA
RY
AS
OF
Sept
embe
r 30,
201
7
Mon
ey M
anag
erV
alue
%
Val
ue
%V
alue
%
Val
ue
%V
alue
%
Val
ue
%LA
RG
E C
AP
GR
OW
TH
DO
ME
STIC
EQ
UIT
IES
58,3
016.
7%47
,623
5.5%
10,6
781.
2%In
tech
Larg
e C
ap G
row
th24
,732
42.4
%25
,069
43.0
%(3
37)
-0.6
%20
,478
(4,2
54)
TCW
Ass
et M
anag
emen
tLa
rge
Cap
Gro
wth
33,5
6957
.6%
33,2
3257
.0%
337
0.6%
27,1
45(6
,424
)LA
RG
E C
AP
CO
RE
DO
ME
STIC
EQ
UIT
IES
4,68
20.
5%17
,318
2.0%
(12,
636)
-1.5
%M
ello
n St
ock
Inde
x Fu
ndLa
rge
Cap
Cor
e4,
682
100.
0%4,
682
100.
0%0
0.0%
17,3
1812
,636
LAR
GE
CA
P V
ALU
E D
OM
EST
IC E
QU
ITIE
S80
,221
9.3%
47,6
235.
5%32
,598
3.8%
Chi
cago
Equ
ity P
artn
ers
Larg
e C
ap V
alue
46,0
2157
.4%
49,2
5661
.4%
(3,2
35)
-4.0
%29
,241
(16,
780)
The
Edg
ar L
omax
Com
pany
Larg
e C
ap V
alue
34,2
0042
.6%
30,9
6538
.6%
3,23
54.
0%18
,383
(15,
817)
MID
/SM
ALL
/MIC
RO
CA
P D
OM
EST
IC E
QU
ITIE
S77
,626
9.0%
77,9
299.
0%(3
03)
0.0%
Wes
tfiel
d C
apita
l Man
agem
ent
Smal
l Cap
Gro
wth
24,9
0232
.1%
25,6
1733
.0%
(715
)-0
.9%
25,7
1781
5Sy
stem
atic
Fin
anci
al M
anag
emen
tSm
all C
ap V
alue
29,4
0737
.9%
28,7
2237
.0%
685
0.9%
28,8
34(5
73)
Dim
ensio
nal F
und
Adv
isors
(DFA
)M
icro
Cap
23,3
1730
.0%
23,2
8830
.0%
290.
0%23
,379
62G
LOB
AL
TA
CT
ICA
L A
SSE
T A
LLO
CA
TIO
N10
4,30
412
.0%
86,5
8810
.0%
17,7
162.
0%G
MO
Bala
nced
Fun
d35
,778
34.3
%34
,733
33.3
%1,
045
1.0%
28,8
34(6
,944
)M
ello
n G
loba
l Alp
haBa
lanc
ed F
und
32,9
6631
.6%
34,8
3833
.4%
(1,8
72)
-1.8
%28
,920
(4,0
46)
PIM
CO
Bala
nced
Fun
d35
,560
34.1
%34
,733
33.3
%82
70.
8%28
,834
(6,7
26)
GLO
BA
L E
QU
ITIE
S 1
49,3
275.
7%43
,294
5.0%
6,03
30.
7%A
RG
AG
loba
l Equ
ities
14,0
8728
.6%
14,7
9830
.0%
(711
)-1
.4%
12,9
88(1
,099
)A
tivo
Cap
ital M
anag
emen
tG
loba
l Equ
ities
12,6
2625
.6%
12,3
3225
.0%
294
0.6%
10,8
24(1
,803
)Br
own
Cap
ital M
anag
emen
tG
loba
l Equ
ities
3,15
86.
4%2,
466
5.0%
692
1.4%
2,16
5(9
93)
Cha
nnin
gG
loba
l Equ
ities
2,63
75.
3%2,
466
5.0%
171
0.3%
2,16
5(4
72)
Stra
tegi
c G
loba
l Adv
isors
Glo
bal E
quiti
es16
,819
34.1
%17
,264
35.0
%(4
45)
-0.9
%15
,153
(1,6
66)
INT
ER
NA
TIO
NA
L E
QU
ITIE
S14
2,93
916
.5%
164,
517
19.0
%(2
1,57
8)-2
.5%
Dim
ensio
nal F
und
Adv
isors
(DFA
)E
mer
ging
Mar
kets
16,7
7411
.7%
17,1
5312
.0%
(379
)-0
.3%
19,7
422,
968
OFI
Glo
bal A
sset
Man
agem
ent
Em
ergi
ng M
arke
ts26
,528
18.6
%25
,729
18.0
%79
90.
6%29
,613
3,08
5Fi
delit
y In
stitu
tiona
l Ass
et M
ange
men
t (Py
ram
is)In
tern
atio
nal E
quiti
es49
,436
34.6
%50
,029
35.0
%(5
93)
-0.4
%57
,581
8,14
5C
ause
way
Inte
rnat
iona
l Equ
ities
50,2
0135
.1%
50,0
2935
.0%
172
0.1%
57,5
817,
380
CO
RE
DO
ME
STIC
BO
ND
S67
,127
7.8%
69,2
708.
0%(2
,143
)-0
.2%
EA
RN
EST
Par
tner
sC
ore
Dom
estic
Bon
ds12
,163
18.1
%10
,740
16.0
%1,
423
2.1%
11,0
83(1
,080
)M
ello
n Bo
nd In
dex
Fund
Cor
e D
omes
tic B
onds
710
1.1%
2,33
24.
0%(1
,622
)-2
.4%
2,77
12,
061
Man
ulife
Ass
et M
anag
emen
tC
ore
Dom
estic
Bon
ds42
,846
63.8
%43
,633
65.0
%(7
87)
-1.2
%45
,026
2,18
0Pi
edm
ont I
nves
tmen
t Adv
isors
(for
mer
ly N
CM
)C
ore
Dom
estic
Bon
ds11
,408
17.0
%10
,069
15.0
%1,
339
2.0%
10,3
91(1
,017
)A
BSO
LUT
E R
ET
UR
N D
OM
EST
IC B
ON
DS
44,3
285.
1%43
,294
5.0%
1,03
40.
1%Lo
omis
Sayl
esU
ncon
stra
ined
Fix
ed In
com
e44
,328
100.
0%44
,328
100.
0%0
0.0%
43,2
94(1
,034
)E
ME
RG
ING
MA
RK
ET
S D
EB
T27
,510
3.2%
25,9
763.
0%1,
534
0.2%
Laza
rd A
sset
Man
agem
ent
Em
ergi
ng M
arke
ts27
,510
0.0%
27,5
1010
0.0%
00.
0%25
,976
(1,5
34)
GLO
BA
L M
ULT
I-SE
CT
OR
BO
ND
S35
,420
4.1%
43,2
945.
0%(7
,874
)-0
.9%
Neu
berg
er B
erm
an T
rust
Co.
Glo
bal O
ppor
tuni
stic
Bon
ds35
,420
100.
0%35
,420
100.
0%0
0.0%
43,2
947,
874
HE
DG
ED
ST
RA
TE
GIE
S 2
66,4
877.
7%60
,612
7.0%
5,87
50.
7%E
nTru
stPe
rmal
Fund
of F
unds
21,5
7632
.5%
19,9
4630
.0%
1,63
02.
5%18
,183
(3,3
93)
Gro
sven
or C
apita
l Man
agem
ent
Fund
of F
unds
26,4
50
39.8
%23
,270
35.0
%3,
180
4.8%
21,2
14(5
,236
)Pa
sspo
rt C
apita
lG
loba
l Stra
tegy
Dire
ct41
90.
6%9,
308
14.0
%(8
,889
)-1
3.4%
8,48
68,
067
Whi
tebo
x A
dviso
rsM
ulti-
Stra
tegy
Dire
ct18
,042
27.1
%13
,962
21.0
%4,
080
6.1%
12,7
28(5
,314
)R
EA
L E
STA
TE
3 54
,306
6.3%
60,6
127.
0%(6
,306
)-0
.7%
UBS
Tru
mbu
ll Pr
oper
ty &
Inco
me
Fund
sC
omm
erci
al R
eal E
stat
e54
,306
100.
0%54
,306
100.
0%0
0.0%
60,6
126,
306
PRIV
AT
E E
QU
ITY
& D
EB
T 4
25,7
503.
0%77
,929
9.0%
(52,
179)
-6.0
%Se
cond
ary,
Dist
ress
ed, M
ezza
nine
, Fun
d of
Fun
ds, D
ebt
Lim
ited
Partn
ersh
ips
25,7
5010
0.0%
25,7
5010
0.0%
00.
0%77
,929
52,1
79C
ASH
(Does
Not
Inclu
de M
anag
ers' R
esidu
al Ca
sh)
27,5
523.
2%0
0.0%
27,5
523.
2%U
.S. B
ank
(che
ckin
g &
ope
ratin
g ac
coun
ts)
Cas
h A
ccou
nts
27,5
52T
OT
AL
(000
's O
mitt
ed)
$865
,880
100.
0%$8
65,8
8010
0.0%
$865
,880
$865
,880
1M
anag
ed b
y Pr
ogre
ss In
vest
men
ts M
anag
emen
t Com
pany
2E
stim
ate
for E
ntru
st a
s of 0
8/31
/17;
Pas
spor
t in
full
liqui
datio
n, d
istrib
uted
95%
of a
sset
s in
Aug
ust
3E
stim
ate
as o
f 09/
30/1
74
Est
imat
e as
of 0
3/30
/17
ASS
ET
CLA
SSA
DJU
STM
EN
TT
O A
CH
IEV
EFU
LL
FU
ND
ING
TA
RG
ET
VA
LUE
V
AR
IAN
CE
RE
LAT
IVE
TO
TO
TA
L PO
RT
FOLI
OR
ELA
TIV
E T
O A
SSE
T C
LASS
MA
RK
ET
VA
LUE
MA
RK
ET
VA
LUE
TA
RG
ET
VA
LUE
VA
RIA
NC
EM
AR
KE
T V
ALU
E
MA
NA
GE
ME
NT
STY
LE
FUL
LY
FU
ND
ED
ASS
ET
CL
ASS
VA
LU
E
Publ
ic S
choo
l Ret
irem
ent S
yste
mof
the
City
of S
t. Lo
uis
In
vest
men
t Sum
mar
y(in
thou
sand
s)
2017
Asse
t Cat
egor
yJA
NFE
BM
ARAP
RM
AYJU
NE
JULY
AUG
SEP
OC
TN
OV
DEC
Cas
h 1
22,1
32$
14
,185
$
5,61
7$
5,98
3$
5,03
5$
7,24
1$
4,30
8$
11,4
05$
27
,552
$
10,5
96$
R
esid
ual C
ash
212
,876
8,20
6
9,27
0
9,03
1
7,67
5
44,6
90
7,
867
7,
814
6,
497
7,
475
G
over
nmen
t & A
genc
y B
onds
59,9
50
61
,578
61,4
99
61
,844
62,8
45
28
,592
28,9
82
28
,837
29,2
07
28
,855
Cor
pora
te B
onds
74,9
38
75
,970
75,6
17
76
,233
37,1
82
36
,816
36,3
51
36
,813
36,5
92
36
,499
Mel
lon
Bon
d In
dex
Fund
689
694
694
699
704
704
707
713
710
710
Dom
estic
& In
tern
atio
nal E
quiti
es28
5,92
2
299,
134
29
9,83
9
305,
788
30
7,68
5
299,
092
30
7,63
4
298,
576
28
6,48
0
291,
257
M
ello
n S
tock
Inde
x Fu
nd13
,586
14,1
26
14
,143
14,2
88
8,
346
8,
397
4,
573
4,
587
4,
682
14
,949
Mut
ual F
unds
22
9,93
0
233,
545
23
7,46
2
232,
904
28
0,17
0
281,
266
32
1,82
6
323,
933
32
7,61
7
331,
768
-
-
H
edge
Fun
ds73
,425
73,5
48
73
,464
73,6
77
73
,979
74,1
46
74
,312
66,2
84
66
,487
66,9
24
-
-
R
eal E
stat
e Fu
nds 3
52,7
10
52
,710
53,1
99
53
,199
53,1
99
53
,701
53,7
01
53
,701
54,3
06
54
,306
Priv
ate
Inve
stm
ents
420
,799
20,7
99
20
,799
20,1
39
20
,139
20,1
39
25
,750
25,7
50
25
,750
25,9
96
To
tal (
all a
sset
cat
egor
ies)
846,
957
$ 85
4,49
5$
851,
603
$ 85
3,78
5$
856,
959
$ 85
4,78
4$
866,
011
$ 85
8,41
3$
865,
880
$ 86
9,33
5$
-$
-$
Mut
ual F
unds
DFA
Mic
ro C
ap E
quiti
es21
,230
$
21,3
74$
21
,410
$
21,7
51$
21
,101
$
21,8
85$
21
,988
$
21,5
12$
23
,317
$
23,5
76$
D
FA E
mer
ging
Mar
kets
Equ
ities
14,3
85
15
,041
15,4
53
15
,566
15,8
49
15
,890
16,7
40
17
,159
16,7
74
17
,370
OFI
Glo
bal E
mer
ging
Mar
kets
Equ
ities
21,6
11
21
,996
22,9
03
23
,477
24,1
90
24
,485
25,7
91
26
,430
26,5
28
27
,179
Fide
lity
Inst
itutio
nal A
sset
Mgm
t (P
yram
is)
41,7
59
42
,143
43,4
94
44
,922
46,5
91
46
,833
48,3
49
48
,217
49,4
36
50
,161
Laza
rd E
mer
ging
Mar
kets
Deb
t26
,254
26,6
32
26
,789
26,9
93
27
,062
26,9
66
27
,065
27,4
81
27
,510
27,2
79
Lo
omis
Say
les
Stra
tegi
c A
lpha
543
,747
43,7
82
43
,907
43,8
15
44
,328
44,4
37
N
eube
rger
Ber
man
Glo
bal F
ixed
Inco
me
635
,245
35,3
85
35
,420
35,7
00
G
MO
Glo
bal A
sset
Allo
catio
n35
,509
36,1
73
36
,660
34,0
54
34
,588
34,6
86
35
,232
35,6
03
35
,778
36,4
76
M
ello
n G
loba
l Ass
et A
lloca
tion
33,3
65
33
,710
33,9
42
32
,185
32,6
53
32
,298
32,3
67
32
,751
32,9
66
33
,764
PIM
CO
All
Ass
et A
lloca
tion
35,8
17
36
,476
36,8
11
33
,956
34,3
89
34
,441
35,1
42
35
,580
35,5
60
35
,826
Tota
l (m
utua
l fun
ds)
229,
930
$ 23
3,54
5$
237,
462
$ 23
2,90
4$
280,
170
$ 28
1,26
6$
321,
826
$ 32
3,93
3$
327,
617
$ 33
1,76
8$
-$
-$
Hed
ge F
unds
7
EnT
rust
21,3
36$
21
,515
$
21,6
03$
21
,498
$
21,6
52$
21
,709
$
21,7
17$
21
,730
$
21,5
76$
21
,644
$
Gro
sven
or25
,743
25,9
23
25
,950
26,0
51
26
,096
26,0
39
26
,221
26,2
47
26
,450
26,6
70
P
assp
ort
8,76
4
8,39
7
8,24
9
8,31
4
8,22
8
8,38
0
8,38
0
419
419
419
Whi
tebo
x17
,582
17,7
13
17
,662
17,8
14
18
,003
18,0
18
17
,994
17,8
88
18
,042
18,1
91
To
tal (
hedg
e fu
nds)
73,4
25$
73
,548
$
73,4
64$
73
,677
$
73,9
79$
74
,146
$
74,3
12$
66
,284
$
66,4
87$
66
,924
$
-$
-$
1 Che
ckin
g &
Cas
h Ac
cts
376,
864
41
8,26
4
3rd Q
TR
4 Priv
ate
Inve
stm
ents
est
imat
es fo
r Jan
- M
ar a
s of
09/
30/1
6; A
pr -
Jun
as o
f 12/
31/1
6; J
ul -
Sep
as o
f 03/
31/1
7; O
ct a
s of
063
0/17
2 Cas
h he
ld b
y m
oney
man
ager
s
5 Loom
is S
ayle
s tra
nsiti
on fr
om th
e hi
gh y
ield
fixe
d in
com
e st
rate
gy to
the
abso
lute
retu
rn fi
xed
inco
me
stra
tegy
com
plet
ed o
n 5/
31/1
7
4th Q
TR
7 EnTr
ust's
est
imat
es a
re fo
r prio
r mon
th; P
assp
ort i
n fu
ll liq
uida
tion,
dis
tribu
ted
95%
of a
sset
s in
Aug
ust
3 Rea
l Est
ate
Fund
s es
timat
es fo
r Jan
& F
eb a
s of
12/
31/1
6; A
pr &
May
as
of 0
3/31
/17;
Jul
& A
ug a
s of
06/
30/1
7; O
ct a
s of
09/
30/1
7
6 Neu
berg
er B
erm
an G
loba
l Opp
ortu
nist
ic F
ixed
Inco
me
Trus
t fun
ded
thro
ugh
liqui
datio
n of
Mon
dria
n th
e fir
st w
eek
in J
uly
2017
1st Q
TR2nd
QTR
PUB
LIC
SC
HO
OL
RE
TIR
EM
EN
T S
YST
EM
OF
TH
E C
ITY
OF
ST. L
OU
ISIN
VE
STM
EN
T S
UM
MA
RY
AS
OF
Oct
ober
31,
201
7
Mon
ey M
anag
erV
alue
%
Val
ue
%V
alue
%
Val
ue
%V
alue
%
Val
ue
%LA
RG
E C
AP
GR
OW
TH
DO
ME
STIC
EQ
UIT
IES
60,2
996.
9%47
,813
5.5%
12,4
861.
4%In
tech
Larg
e C
ap G
row
th26
,086
43.3
%25
,929
43.0
%15
70.
3%20
,560
(5,5
26)
TCW
Ass
et M
anag
emen
tLa
rge
Cap
Gro
wth
34,2
1356
.7%
34,3
7057
.0%
(157
)-0
.3%
27,2
54(6
,959
)LA
RG
E C
AP
CO
RE
DO
ME
STIC
EQ
UIT
IES
14,9
491.
7%17
,387
2.0%
(2,4
38)
-0.3
%M
ello
n St
ock
Inde
x Fu
ndLa
rge
Cap
Cor
e14
,949
100.
0%14
,949
100.
0%0
0.0%
17,3
872,
438
LAR
GE
CA
P V
ALU
E D
OM
EST
IC E
QU
ITIE
S81
,372
9.4%
47,8
135.
5%33
,559
3.9%
Chi
cago
Equ
ity P
artn
ers
Larg
e C
ap V
alue
46,7
0257
.4%
49,9
6261
.4%
(3,2
60)
-4.0
%29
,357
(17,
345)
The
Edg
ar L
omax
Com
pany
Larg
e C
ap V
alue
34,6
7042
.6%
31,4
1038
.6%
3,26
04.
0%18
,456
(16,
214)
MID
/SM
ALL
/MIC
RO
CA
P D
OM
EST
IC E
QU
ITIE
S79
,116
9.1%
78,2
409.
0%87
60.
1%W
estfi
eld
Cap
ital M
anag
emen
tSm
all C
ap G
row
th25
,296
32.0
%26
,108
33.0
%(8
12)
-1.0
%25
,819
523
Syst
emat
ic F
inan
cial
Man
agem
ent
Smal
l Cap
Val
ue30
,244
38.2
%29
,273
37.0
%97
11.
2%28
,949
(1,2
95)
Dim
ensio
nal F
und
Adv
isors
(DFA
)M
icro
Cap
23,5
7629
.8%
23,7
3530
.0%
(159
)-0
.2%
23,4
72(1
04)
GLO
BA
L T
AC
TIC
AL
ASS
ET
ALL
OC
AT
ION
106,
066
12.2
%86
,934
10.0
%19
,133
2.2%
GM
OBa
lanc
ed F
und
36,4
7634
.4%
35,3
2033
.3%
1,15
61.
1%28
,949
(7,5
27)
Mel
lon
Glo
bal A
lpha
Bala
nced
Fun
d33
,764
31.8
%35
,426
33.4
%(1
,662
)-1
.6%
29,0
36(4
,728
)PI
MC
OBa
lanc
ed F
und
35,8
2633
.8%
35,3
2033
.3%
506
0.5%
28,9
49(6
,877
)G
LOB
AL
EQ
UIT
IES
150
,493
5.8%
43,4
675.
0%7,
026
0.8%
AR
GA
Glo
bal E
quiti
es14
,425
28.6
%15
,148
30.0
%(7
23)
-1.4
%13
,040
(1,3
85)
Ativ
o C
apita
l Man
agem
ent
Glo
bal E
quiti
es13
,034
25.8
%12
,623
25.0
%41
10.
8%10
,867
(2,1
67)
Brow
n C
apita
l Man
agem
ent
Glo
bal E
quiti
es3,
216
6.4%
2,52
55.
0%69
11.
4%2,
173
(1,0
43)
Cha
nnin
gG
loba
l Equ
ities
2,66
45.
3%2,
525
5.0%
139
0.3%
2,17
3(4
91)
Stra
tegi
c G
loba
l Adv
isors
Glo
bal E
quiti
es17
,154
34.0
%17
,673
35.0
%(5
19)
-1.0
%15
,213
(1,9
41)
INT
ER
NA
TIO
NA
L E
QU
ITIE
S14
4,87
816
.7%
165,
174
19.0
%(2
0,29
6)-2
.3%
Dim
ensio
nal F
und
Adv
isors
(DFA
)E
mer
ging
Mar
kets
17,3
7012
.0%
17,3
8512
.0%
(15)
0.0%
19,8
212,
451
OFI
Glo
bal A
sset
Man
agem
ent
Em
ergi
ng M
arke
ts27
,179
18.8
%26
,078
18.0
%1,
101
0.8%
29,7
312,
552
Fide
lity
Inst
itutio
nal A
sset
Man
gem
ent (
Pyra
mis)
Inte
rnat
iona
l Equ
ities
50,1
6134
.6%
50,7
0735
.0%
(546
)-0
.4%
57,8
117,
650
Cau
sew
ayIn
tern
atio
nal E
quiti
es50
,168
34.6
%50
,707
35.0
%(5
39)
-0.4
%57
,811
7,64
3C
OR
E D
OM
EST
IC B
ON
DS
66,9
247.
7%69
,547
8.0%
(2,6
23)
-0.3
%E
AR
NE
ST P
artn
ers
Cor
e D
omes
tic B
onds
12,1
6418
.2%
10,7
0816
.0%
1,45
62.
2%11
,127
(1,0
37)
Mel
lon
Bond
Inde
x Fu
ndC
ore
Dom
estic
Bon
ds71
01.
1%2,
412
4.0%
(1,7
02)
-2.5
%2,
782
2,07
2M
anul
ife A
sset
Man
agem
ent
Cor
e D
omes
tic B
onds
42,5
9463
.6%
43,5
0165
.0%
(907
)-1
.4%
45,2
052,
611
Pied
mon
t Inv
estm
ent A
dviso
rs (f
orm
erly
NC
M)
Cor
e D
omes
tic B
onds
11,4
5617
.1%
10,0
3915
.0%
1,41
72.
1%10
,432
(1,0
24)
AB
SOLU
TE
RE
TU
RN
DO
ME
STIC
BO
ND
S44
,437
5.1%
43,4
675.
0%97
00.
1%Lo
omis
Sayl
esU
ncon
stra
ined
Fix
ed In
com
e44
,437
100.
0%44
,437
100.
0%0
0.0%
43,4
67(9
70)
EM
ER
GIN
G M
AR
KE
TS
DE
BT
27,2
793.
1%26
,080
3.0%
1,19
90.
1%La
zard
Ass
et M
anag
emen
tE
mer
ging
Mar
kets
27,2
790.
0%27
,279
100.
0%0
0.0%
26,0
80(1
,199
)G
LOB
AL
MU
LTI-
SEC
TO
R B
ON
DS
35,7
004.
1%43
,467
5.0%
(7,7
67)
-0.9
%N
eube
rger
Ber
man
Tru
st C
o.G
loba
l Opp
ortu
nist
ic B
onds
35,7
0010
0.0%
35,7
0010
0.0%
00.
0%43
,467
7,76
7H
ED
GE
D S
TR
AT
EG
IES
266
,924
7.7%
60,8
537.
0%6,
071
0.7%
EnT
rust
Perm
alFu
nd o
f Fun
ds21
,644
32.3
%20
,077
30.0
%1,
567
2.3%
18,2
56(3
,388
)G
rosv
enor
Cap
ital M
anag
emen
tFu
nd o
f Fun
ds26
,670
39
.9%
23,4
2335
.0%
3,24
74.
9%21
,299
(5,3
71)
Pass
port
Cap
ital
Glo
bal S
trate
gy D
irect
419
0.6%
9,36
914
.0%
(8,9
50)
-13.
4%8,
519
8,10
0W
hite
box
Adv
isors
Mul
ti-St
rate
gy D
irect
18,1
9127
.2%
14,0
5421
.0%
4,13
76.
2%12
,779
(5,4
12)
RE
AL
EST
AT
E 3
54,3
066.
2%60
,853
7.0%
(6,5
47)
-0.8
%U
BS T
rum
bull
Prop
erty
& In
com
e Fu
nds
Com
mer
cial
Rea
l Est
ate
54,3
0610
0.0%
54,3
0610
0.0%
00.
0%60
,853
6,54
7PR
IVA
TE
EQ
UIT
Y &
DE
BT
425
,996
3.0%
78,2
409.
0%(5
2,24
4)-6
.0%
Seco
ndar
y, D
istre
ssed
, Mez
zani
ne, F
und
of F
unds
, Deb
tLi
mite
d Pa
rtner
ship
s25
,996
100.
0%25
,996
100.
0%0
0.0%
78,2
4052
,244
CA
SH (D
oes N
ot In
clude
Man
agers
' Resi
dual
Cash
)10
,596
1.2%
00.
0%10
,596
1.2%
U.S
. Ban
k (c
heck
ing
& o
pera
ting
acco
unts
)C
ash
Acc
ount
s10
,596
TO
TA
L (0
00's
Om
itted
)$8
69,3
3510
0.0%
$869
,335
100.
0%$8
69,3
35$8
69,3
351
Man
aged
by
Prog
ress
Inve
stm
ents
Man
agem
ent C
ompa
ny2
Est
imat
e fo
r Ent
rust
as o
f 09/
30/1
7; P
assp
ort i
n fu
ll liq
uida
tion,
dist
ribut
ed 9
5% o
f ass
ets i
n A
ugus
t3
Est
imat
e as
of 0
9/30
/17
4E
stim
ate
as o
f 06/
30/1
7
ASS
ET
CLA
SSA
DJU
STM
EN
TT
O A
CH
IEV
EFU
LL
FU
ND
ING
TA
RG
ET
VA
LUE
V
AR
IAN
CE
RE
LAT
IVE
TO
TO
TA
L PO
RT
FOLI
OR
ELA
TIV
E T
O A
SSE
T C
LASS
MA
RK
ET
VA
LUE
MA
RK
ET
VA
LUE
TA
RG
ET
VA
LUE
VA
RIA
NC
EM
AR
KE
T V
ALU
E
MA
NA
GE
ME
NT
STY
LE
FUL
LY
FU
ND
ED
ASS
ET
CL
ASS
VA
LU
E
201
7 M
oney
Man
ager
Fee
s, B
roke
rage
Com
mis
sion
s, C
usto
dian
and
Con
sulta
nt F
ees
11/3
0/20
17
Mon
ey M
anag
er
Fee
Pai
dM
arke
t Val
ueB
ase
Fee
Fee
Pai
dM
arke
t Val
ueB
ase
Fee
Fee
Pai
dM
arke
t Val
ueB
ase
Fee
Fee
Pai
dM
arke
t Val
ueB
ase
Fee
Cau
sew
ay C
apita
l Man
agem
ent
73,5
7543
,738
,194
0.67
3%77
,254
46,0
02,2
820.
672%
84,0
7950
,263
,315
0.66
9%C
hica
go E
quity
Par
tner
s39
,984
45,6
95,9
600.
350%
40,1
0045
,829
,131
0.35
0%40
,268
46,0
21,1
170.
350%
EA
RN
ES
T P
artn
ers
7,47
211
,955
,491
0.25
0%7,
589
12,1
42,6
900.
250%
7,65
612
,248
,843
0.25
0%E
dgar
Lom
ax C
ompa
ny
42,9
1734
,814
,690
0.49
3%43
,307
35,1
61,9
960.
493%
42,2
7234
,241
,354
0.49
4%Fi
delit
y In
stitu
tiona
l Ass
et M
gmt C
o.65
,581
42,4
65,1
570.
618%
70,1
4446
,115
,278
0.60
8%73
,334
48,6
67,0
690.
603%
Hol
land
Cap
ital M
anag
emen
t**
46,9
1331
,530
,479
0.59
5%49
,387
33,5
09,5
650.
590%
32,9
0729
,617
,162
0.60
1%In
tech
Inve
stm
ent M
anag
emen
t30
,457
24,6
11,6
870.
495%
29,7
5324
,042
,558
0.49
5%30
,606
24,7
32,4
940.
495%
Loom
is S
ayle
s*53
,851
43,0
81,0
090.
500%
36,6
7843
,887
,910
0.50
0%M
ello
n C
apita
l Man
agem
ent
1,75
713
,836
,300
0.05
1%1,
573
12,1
99,8
340.
052%
848
6,30
4,28
30.
054%
Mel
lon
Cap
ital M
anag
emen
t GTA
A66
,903
33,9
16,2
960.
789%
65,1
6332
,671
,203
0.79
8%66
,474
32,9
66,1
650.
807%
Man
ulife
Ass
et M
anag
emen
t31
,240
41,6
53,5
580.
300%
31,8
0442
,405
,467
0.30
0%32
,124
42,8
32,5
950.
300%
Mon
dria
n In
vest
men
t Par
tner
s***
40,0
8135
,092
,332
0.45
7%41
,424
36,6
27,9
450.
452%
Pie
dmon
t Inv
estm
ents
(NC
M C
apita
l)8,
245
10,9
93,5
210.
300%
8,42
011
,227
,094
0.30
0%8,
600
11,4
66,5
290.
300%
Pro
gres
s In
vest
men
t Man
agem
ent
71,4
3743
,961
,103
0.65
0%74
,964
46,1
31,9
660.
650%
78,8
2548
,507
,959
0.65
0%S
yste
mat
ic F
inan
cial
Man
agem
ent
65,0
7726
,374
,458
0.98
7%66
,605
27,1
89,2
580.
980%
70,8
0529
,429
,353
0.96
2%TC
W A
sset
Man
agem
ent C
o.45
,070
30,0
46,5
340.
600%
48,9
4432
,629
,640
0.60
0%48
,970
32,6
46,5
920.
600%
Wes
tfiel
d C
apita
l Man
agem
ent
57,5
1923
,007
,468
1.00
0%59
,695
23,8
78,0
811.
000%
62,2
5524
,901
,945
1.00
0%
Tota
l Man
agem
ent F
ees
$748
,079
$536
,774
,238
0.55
7%$7
52,8
07$5
51,6
51,8
970.
546%
$680
,024
$474
,846
,775
0.57
3%B
roke
rage
Com
mis
sion
s78
,404
51,3
5541
,967
Tota
l Inv
estm
ent E
xpen
ses
$826
,482
$536
,774
,238
0.61
6%$8
04,1
62$5
51,6
51,8
970.
583%
$721
,992
$474
,846
,775
0.60
8%
1st Q
tr2nd
Qtr
3rd Q
tr4th
Qtr
Year
7/
20/2
016
241,
908
Q2
US
Ban
k Tr
ust &
Cus
tody
Fee
s$3
6,01
1$3
0,72
1$2
8,68
1$9
5,41
319
0,01
3.22
Q2
NE
PC
Inve
stm
ent C
onsu
lting
Fee
s46
,520
46,5
2945
,893
138,
941
US
Ban
kQ
1A
UM
Tota
l Cus
todi
an &
Con
sulta
nt F
ees
$82,
531
$77,
249
$74,
574
$234
,354
460,
665,
582
AU
M
1st
Qua
rter
2nd Q
uarte
r3rd
Qua
rter
4th Q
uarte
r
*Loo
mis
Say
les
pro-
rate
d fo
r par
tial
2nd
quar
ter
**H
olla
nd C
apita
l pro
-rat
ed fo
r par
tial
3rd
quar
ter
***M
ondr
ian
Inve
stm
ent P
artn
ers
liqui
date
d at
end
of 2
nd q
uarte
r
Annual Year- RemainingExpense Or Budget To-Date Budget(Revenue) Category Amount Expenses Amount
Salaries 472,967$ 400,203$ 72,764$ Employee Benefits 176,366 84,858 91,508Investment Management Fees 3,357,286 2,525,737 831,549Trust & Custody Bank Services 150,645 101,593 49,052Investment Consultant 180,655 137,885 42,770Actuarial Services 136,000 114,953 21,047Legal Services 70,000 69,964 36Auditing Services 69,000 59,705 9,295Technology Services 98,110 68,935 29,175Disability Medical Evaluations 2,000 500 1,500Property Management 117,516 85,844 31,672Postage & Delivery Services 51,127 39,051 12,076Printing & Office Supplies 48,500 27,491 21,009Equipment Maintenance & Purchases 23,190 13,806 9,384Business Insurance 93,826 75,061 18,765Trustee Education 37,000 19,135 17,865Trustee Elections 41,262 26,908 14,354Retiree Insurance & Consulting 2,653,002 2,073,206 579,796Miscellaneous - Includes Bank Acct Fees 43,500 28,266 15,234Special Projects 5,000 3,232 1,768(Securities Lending Revenue) (150,000) (113,396) (36,604)(Commission Recapture Revenue) (50,000) (9,185) (40,815)(VA Lease Revenue) (153,528) (127,687) (25,841)
7,473,424$ 5,706,067$ 1,767,357$
Public School Retirement System of the City of St. LouisYear-To-Date Budget Analysis as of October 31, 2017
Total
Annual Year- RemainingExpense Or Budget To-Date Budget(Revenue) Category Amount Expenses Amount
Salaries 472,967$ 436,585$ 36,382$ Employee Benefits 176,366 92,819 83,547Investment Management Fees 3,357,286 2,863,437 493,849Trust & Custody Bank Services 150,645 130,274 20,371Investment Consultant 180,655 137,885 42,770Actuarial Services 136,000 130,719 5,281Legal Services 70,000 82,137 (12,137)Auditing Services 69,000 64,705 4,295Technology Services 98,110 80,669 17,441Disability Medical Evaluations 2,000 500 1,500Property Management 117,516 92,947 24,569Postage & Delivery Services 51,127 43,965 7,162Printing & Office Supplies 48,500 38,958 9,542Equipment Maintenance & Purchases 23,190 14,500 8,690Business Insurance 93,826 75,061 18,765Trustee Education 37,000 23,987 13,013Trustee Elections 41,262 33,307 7,955Retiree Insurance & Consulting 2,653,002 2,278,598 374,404Miscellaneous - Includes Bank Acct Fees 43,500 31,006 12,494Special Projects 5,000 3,232 1,768(Securities Lending Revenue) (150,000) (120,052) (29,948)(Commission Recapture Revenue) (50,000) (9,278) (40,722)(VA Lease Revenue) (153,528) (140,616) (12,912)
7,473,424$ 6,385,346$ 1,088,078$
Public School Retirement System of the City of St. LouisYear-To-Date Budget Analysis as of November 30, 2017
Total
Conduent HR Consulting, LLC 420 Lexington Ave, Suite 2220 New York, NY 10170
October 6, 2017
Mr. Andrew ClarkExecutive DirectorPSRS of the City of St. Louis 3641 Olive Street, Suite 300 St. Louis, MO 63108-3601
Mail To: Conduent HR Consulting, LLC P.O. Box 202617 Dallas, TX 75320-2617
Invoice #: 2347359 Total Due This Invoice: $3,166.00 Terms: Net Due in 30 Days
Actuarial and consulting services during the month of October, 2017:
TOTAL AMOUNT DUE $ 3,166.00
Conduent HR Consulting, LLC 420 Lexington Ave, Suite 2220
New York, NY 10170
October 6, 2017
Mr. Andrew Clark
Executive Director
PSRS of the City of St. Louis
3641 Olive Street, Suite 300
St. Louis, MO 63108-3601
Mail To:
Conduent HR Consulting, LLC P.O. Box 202617 Dallas, TX 75320-2617
Invoice #: 2347373
Total Due This Invoice: $5,900.00
Terms: Net Due in 30 Days
Actuarial and consulting services rendered for the period ending September 30, 2017
INCLUDES:
Retirement Calculations: 13 Retirement calculations ($300) $ 5,400.00
0 Adjusted retirement calculations ($200)
2 Deferred vested commencement ($200)
3 Inquiry calculations ($300)
1 Purchase of Service Calculation ($200)
Calculation Updates for Rule of 80 Change $ 500.00
TOTAL AMOUNT DUE $ 5,900.00
Conduent HR Consulting, LLC 420 Lexington Ave, Suite 2220 New York, NY 10170
November 6, 2017
Mr. Andrew ClarkExecutive Director PSRS of the City of St. Louis 3641 Olive Street, Suite 300 St. Louis, MO 63108-3601
Mail To: Conduent HR Consulting, LLC P.O. Box 202617 Dallas, TX 75320-2617
Invoice #: 2351722 Total Due This Invoice: $3,166.00 Terms: Net Due in 30 Days
Actuarial and consulting services during the month of November, 2017:
TOTAL AMOUNT DUE $ 3,166.00
Conduent HR Consulting, LLC 420 Lexington Ave, Suite 2220 New York, NY 10170
November 6, 2017
Mr. Andrew ClarkExecutive Director PSRS of the City of St. Louis 3641 Olive Street, Suite 300 St. Louis, MO 63108-3601
Mail To: Conduent HR Consulting, LLC P.O. Box 202617 Dallas, TX 75320-2617
Invoice #: 2351758 Total Due This Invoice: $12,600.00 Terms: Net Due in 30 Days
Actuarial and consulting services rendered for the period ending October 31, 2017
INCLUDES:
Retirement Calculations: 9 Retirement calculations ($300) $ 6,600.00
14 Adjusted retirement calculations ($200)
1 Deferred vested commencement ($200)
3 Inquiry calculations ($300)
0 Purchase of Service Calculation ($200)
Cost Analysis for Legislative Plan Changes $ 6,000.00
TOTAL AMOUNT DUE $ 12,600.00
Mr. Andrew ClarkExecutive DirectorPublic School Retirement System of St. Louis3641 Olive St. #300St. Louis, MO 63108-3601
INVOICE FOR: July 1, 2017 through September 30, 2017
INVOICE NUMBER: 3A17272
INVOICE DATE: November 29, 2017
PAYMENT DUE: $33,392.55
PAYMENT DUE BY: Net 30 Days
Previous Balance: $34,028.80
Payments Received: - $34,028.80
Past Due: $0.00
Quarterly Fee: + $33,392.55
Balance Due $33,392.55
ST. LOUIS PUBLIC SCHOOLCONSULTING FEE CALCULATION
Market Value Basis Points Annual Fee 3Q 2017 Fee
$100,000,000 3 $30,000.00 $7,500.00
$100,000,000 2 $20,000.00 $5,000.00
$557,134,672 1.5 $83,570.20 $20,892.55
------------------ ------------------ ------------------
$757,134,672 $133,570.20 $33,392.55
Payments received after 11/29/2017 will appear on your next bill.
Please note that some portion of the market value listed above may be lagged by one quarter due to the availability of current data.
255 State Street | Boston, MA 02109 | TEL: 617.374.1300 | www.nepc.com
BOSTON | ATLANTA | CHARLOTTE | CHICAGO | DETROIT | LAS VEGAS | PORTLAND | SAN FRANCISCO
Please reference invoice number 3A17272 on your payment check.
Mr. Andrew ClarkExecutive DirectorPublic School Retirement System of St. Louis3641 Olive St. #300St. Louis, MO 63108-3601
INVOICE FOR: July 1, 2017 through September 30, 2017
INVOICE NUMBER: 3Q17273
INVOICE DATE: November 20, 2017
PAYMENT DUE: $12,500.00
PAYMENT DUE BY: Net 30 Days
ST. LOUIS PUBLIC SCHOOL - ALT ASSETS
Previous Balance: $12,500.00
Payments Received: - $12,500.00
Past Due: $0.00
Quarterly Fee: + $12,500.00
Balance Due $12,500.00
Please reference invoice number 3Q17273 on your payment check.
Payments received after 11/20/2017 will appear on your next bill.
255 State Street | Boston, MA 02109 | TEL: 617.374.1300 | www.nepc.com
BOSTON | ATLANTA | CHARLOTTE | CHICAGO | DETROIT | LAS VEGAS | PORTLAND | SAN FRANCISCO
Publ
ic S
choo
l Ret
irem
ent S
yste
m o
f the
City
of S
t. Lo
uis
Trav
el A
ctiv
ity a
nd E
xpen
ses
- Cal
enda
r Yea
r 201
6
As
of 1
1/30
/201
7
ADVA
NC
ESTO
TAL
EXP
VOU
CH
ERN
AME
SPO
NSO
RFR
OM
TOLO
CAT
ION
TOTO
FRO
MC
OST
RPT
STAT
US*
NO
TES
Ben
nett,
Chr
istin
aN
ASP
06/1
2/20
1606
/15/
2016
Atla
nta,
GA
$1,6
36.2
2$1
,636
.22
YAp
prov
edM
onda
y, D
ecem
ber 1
9, 2
016
NAS
P06
/12/
2016
06/1
5/20
16At
lant
a, G
A$1
,770
.00
$236
.09
$2,0
06.0
9Y
Appr
oved
Mon
day,
Dec
embe
r 19,
201
6M
APER
S07
/11/
2016
07/1
3/20
16O
sage
Bea
ch, M
O$9
58.7
6$5
.43
$964
.19
YAp
prov
edM
onda
y, D
ecem
ber 1
9, 2
016
NC
TR07
/24/
2016
07/2
7/20
16B
erkl
ey, C
A$1
,769
.00
$3.1
3$1
,772
.13
YAp
prov
edM
onda
y, D
ecem
ber 1
9, 2
016
NEP
C05
/09/
2016
05/1
1/20
16B
osto
n, M
A$2
,111
.55
$2,1
11.5
5Y
Appr
oved
Mon
day,
Dec
embe
r 19,
201
6N
ASP
06/1
3/20
1606
/15/
2016
Atla
nta,
GA
$2,0
58.3
1$2
,058
.31
YAp
prov
edM
onda
y, D
ecem
ber 1
9, 2
016
MAP
ERS
07/1
1/20
1607
/13/
2016
Osa
ge B
each
, MO
$905
.74
$905
.74
YAp
prov
edM
onda
y, D
ecem
ber 1
9, 2
016
NC
TR07
/24/
2016
07/2
7/20
16B
erkl
ey, C
A$2
,197
.70
$2,1
97.7
0Y
Appr
oved
Mon
day,
Dec
embe
r 19,
201
6N
CTR
10/0
8/20
1610
/12/
2016
Prov
iden
ce, R
I$2
,428
.90
$2,4
28.9
0Y
Appr
oved
Mon
day,
Dec
embe
r 19,
201
6N
EPC
05/0
9/20
1605
/11/
2016
Bos
ton,
MA
$1,4
75.0
0$6
.33
$1,4
81.3
3Y
Appr
oved
Mon
day,
Dec
embe
r 19,
201
6N
ASP
06/1
3/20
1606
/15/
2016
Atla
nta,
GA
$2,0
00.0
0$8
4.63
$1,9
15.3
7Y
Nee
d re
imbu
rsem
ent
NEP
C05
/09/
2016
05/1
1/20
16B
osto
n, M
A$1
,446
.52
$1,4
46.5
2Y
Appr
oved
Mon
day,
Dec
embe
r 19,
201
6N
ASP
06/1
2/20
1606
/15/
2016
Atla
nta,
GA
$1,0
11.8
8$1
,011
.88
YAp
prov
edM
onda
y, D
ecem
ber 1
9, 2
016
NEP
C05
/09/
2016
05/1
1/20
16B
osto
n, M
A$1
,921
.00
$441
.40
$2,3
62.4
0Y
Appr
oved
Mon
day,
Dec
embe
r 19,
201
6N
ASP
06/1
3/20
1606
/15/
2016
Atla
nta,
GA
$1,4
22.9
7$3
88.7
3$1
,811
.70
YAp
prov
edM
onda
y, D
ecem
ber 1
9, 2
016
NC
TR10
/08/
2016
10/1
2/20
16Pr
ovid
ence
, RI
$2,0
80.0
0$3
40.4
3$2
,420
.43
YAp
prov
edM
onda
y, D
ecem
ber 1
9, 2
016
Thom
as, E
ural
NAS
P06
/12/
2016
06/1
5/20
16At
lant
a, G
A$1
,698
.36
$1,6
98.3
6Y
Appr
oved
Mon
day,
Dec
embe
r 19,
201
6
Tota
l Cos
t$3
0,22
8.82
MAP
ERS
- Mis
sour
i Ass
ocia
tion
of P
ublic
Em
ploy
ees
Ret
irem
ent S
yste
ms
NAS
P - N
atio
nal A
ssoc
iatio
n of
Sec
uriti
es P
rofe
ssio
nals
*Pen
ding
= p
endi
ng b
oard
app
rova
lN
CTR
- N
atio
nal C
ounc
il on
Tea
cher
Ret
irem
ent
NEP
C -
New
Eng
land
Pen
sion
Con
sulta
nts
Levy
, Yve
tte
DAT
ESR
EIM
BU
RSE
MEN
TS
Ben
tley,
Pau
la
Shel
ton,
Cha
rles
Mot
en, J
ohn
Goo
dwin
, She
ila
Publ
ic S
choo
l Ret
irem
ent S
yste
m o
f the
City
of S
t. Lo
uis
Trav
el A
ctiv
ity a
nd E
xpen
ses
- Cal
enda
r Yea
r 201
7
As
of 1
1/30
/201
7
ADVA
NC
ESTO
TAL
EXP
VOU
CH
ERN
AME
SPO
NSO
RFR
OM
TOLO
CAT
ION
TOTO
FRO
MC
OST
RPT
STAT
US*
NO
TES
NAS
P06
/25/
2017
06/2
9/20
17Lo
s An
gele
s, C
A$1
,656
.40
$125
.13
$1,7
81.5
3Y
Pend
ing
MAP
ERS
07/1
2/20
1707
/14/
2017
Osa
ge B
each
, MO
$622
.88
$32.
54$6
55.4
2Y
Pend
ing
NC
TR07
/23/
2017
07/2
6/20
17C
ambr
idge
, MA
$1,5
75.2
4$8
8.77
$1,6
64.0
1Y
Pend
ing
Clin
ksca
le, D
arne
ttaN
ASP
06/2
5/20
1706
/29/
2017
Los
Ange
les,
CA
$1,4
87.0
4$1
,487
.04
YPe
ndin
gN
ASP
06/2
5/20
1706
/29/
2017
Los
Ange
les,
CA
$597
.96
$1,1
98.0
2$1
,795
.98
YPe
ndin
gM
APER
S07
/11/
2017
07/1
5/20
17O
sage
Bea
ch, M
O$8
31.7
6$8
31.7
6Y
Pend
ing
NC
TR07
/23/
2017
07/2
6/20
17C
ambr
idge
, MA
$1,8
74.4
8$1
,874
.48
YPe
ndin
gN
CTR
10/0
6/20
1710
/11/
2017
Tucs
on, A
Z$1
,780
.26
$1,7
80.2
6Y
Pend
ing
NAS
P06
/25/
2017
06/2
9/20
17Lo
s An
gele
s, C
A$1
,915
.90
$87.
54$2
,003
.44
YPe
ndin
gM
APER
S07
/12/
2017
07/1
4/20
17O
sage
Bea
ch, M
O$7
85.5
9$7
85.5
9Y
Pend
ing
NC
TR10
/07/
2017
10/1
0/20
17Tu
cson
, AZ
$1,7
75.8
4$7
3.08
$1,7
02.7
6Y
Pend
ing
Thom
as, E
ural
NAS
P06
/25/
2017
06/2
9/20
17Lo
s An
gele
s, C
A$1
,787
.08
$1,7
87.0
8Y
Pend
ing
Tota
l Cos
t$1
8,14
9.35
MAP
ERS
- Mis
sour
i Ass
ocia
tion
of P
ublic
Em
ploy
ees
Ret
irem
ent S
yste
ms
NAS
P - N
atio
nal A
ssoc
iatio
n of
Sec
uriti
es P
rofe
ssio
nals
*Pen
ding
= p
endi
ng b
oard
app
rova
lN
CTR
- N
atio
nal C
ounc
il on
Tea
cher
Ret
irem
ent
DAT
ESR
EIM
BU
RSE
MEN
TS
Ben
tley,
Pau
la
Ric
hard
son,
Bob
bie
Goo
dwin
, She
ila
