State of the Citys LongTerm Finances Meeting 1 July 27 2021 Introduction of Mayor Jorge O Elorza and City Council President John J Igliozzi Welcome and Introduction of Working Group Members ID: 1018293
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1. Providence Pension Reform and Pension Obligation Bond Working GroupState of the City’s Long-Term FinancesMeeting #1July 27, 2021
2. Introduction of Mayor Jorge O. Elorza and City Council President John J. IgliozziWelcome and Introduction of Working Group Members:Rico Vota, Deputy Director of Legislative and Intergovernmental Affairs, Governor’s Designee Senate President’s Designee (To be confirmed)Rep. Camille Vella-Wilkinson (District 21) Speaker of the House DesigneeCouncilwoman Helen Anthony, Providence City Councilor, Ward -2 City Council President’s DesigneeAdditional Designee(To be confirmed) City Council President’s DesigneeLaurie White. President and CEO Greater Providence Chamber of CommerceMichael DiBiase, President and CEO Rhode Island Public Expenditure CouncilCliff Wood, Executive Director, Providence FoundationKristin Fraser, Partner KPMGMacky McCleary, Partner innogy Consulting Additional Banking/Financial Professional (To be confirmed)
3. Presenters and Panelists in the SeriesSeth Williams, Director Management and Budget Consulting PFM Group Consulting LLCMaureen Gurghigian, Managing Partner, Hilltop Securities, IncAdam S. Krea, Managing Partner, Hilltop Securities, IncBrian Whitworth, CFA Senior Vice-President, Hilltop Securities, Inc.Kathleen A. Riley, FSA,MAAA, EA, Senior Vice President and Actuary, Segal CompanyEric Bertonazzi, Chairman, Chief Executive Officer and Chief Investment Officer, Wainwright Investment Counsel, LLCWilliam M. Dolan, Attorney Shareholder Adler, Pollock and Sheehan P.C. Karen S.D. Grande, Partner Locke Lord LLP
4. City of Providence Administration and City Council Staff Providing Support to the GroupNicole M. Pollock, Chief of Staff, Mayor’s Office Jeff Dana, City SolicitorLawrence J. Mancini, Chief Financial OfficerJames J. Lombardi, III, Chief of Staff to City Council and City TreasurerGina M. Costa, Internal AuditorTheresa M. Agonia, Chief of External Affairs, Mayor’s Office Matthew Shumate, Deputy Chief of Staff, Mayor’s Office Sara Silveria, Finance DirectorKrystle Lindberg, Deputy Finance Director and Budget OfficerEmmanuel Echevarria, Chief Human Resources OfficerKenneth Chiavarini, Senior Deputy City Solicitor
5. State of the City’s Long-Term Finances Meeting #1:Presenters: Seth Williams, PFM Group Consulting, LLCKathleen A. Riley, Segal Co.Eric Bertonazzi, Wainwright Investment Counsel, LLC.
6. PFM Overview and Presentation of Pension and OPEB Comparative data from 2015 and 2019Seth Williams, PFM Group Consulting, LLC
7. Current and Historical Pension Actuarial Data Provided by Segal Co. (City of Providence Actuary)Kathleen Riley, Segal Co.
8. Current and Historical Data on Pension Asset Portfolio Management Provided by Wainwright Investment Counsel, LLC (City of Providence Investment Advisor)Eric Bertonazzi, Wainwright Investment Counsel, LLC.
9. Q & ACity of Providence
10. THANK YOUCity of Providence