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VI UPDATE U.S. Virgin Islands Public Records TRANSCRIPT OF PUBLIC PROCEEDINGS GERS BOT·s Monthly Meeting 5/18/23 GERS Retirement System (Board of Trustees) May 18, 2023 · 0.1 hours · gov Source recording https://youtu.be/vb-nRdGGiQw Status This is NOT the official transcript. 3 V.I.C. § 884 requires the agency itself to make a verbatim record of its proceedings and reduce it to a transcript within sixty days. This is a working transcript produced by machine from a recording of the proceeding, offered as a finding aid. Transcribed by VI Update, using OpenAI Whisper large-v3-turbo, run locally. Not reviewed by a person. Reliability Automatic transcription, UNVERIFIED. Verify every quotation against the recording before relying on it. Speech recognition splits spoken digits and wraps figures mid-number, so a dollar amount, a vote count or a bill number can be wrong in a way that reads as correct. Speakers are not identified: automatic speaker labelling was measured unusable and removed. Public record The underlying proceeding is a public record, and this body is NAMED as a governmental agency in 1 V.I.C. § 253(b), so its meetings are open to the public under § 254. 3 V.I.C. § 884 requires it to make a verbatim record of each proceeding and reduce it to a transcript within sixty days, and § 884(b) makes that transcript open to examination under § 881, which also gives every citizen the right to copy it and the news media the right to publish it. The source recording is not ours, is not hosted here, and remains with its publisher at the link above. Rights To what we added · the transcription, its arrangement and its description · we assert nothing. A verbatim transcript is mechanical rather than authored, so there is likely nothing in it to own; to the extent any copyright is nonetheless found to subsist, it is dedicated to the public domain under CC0 1.0. Please copy it, quote it, index it, train on it, republish it, mirror it, sell it. Redistribution is the point: a public record with one copy is one fire from gone. No permission is needed, and none is ours to grant or withhold. Okay, good morning everyone. This government employees retirement system regular board meeting. Or Thursday, May 18, 2023 is there by card order. So, let's can have a roll call please. Rusty Barry. Absent trustee Dorsey. trusty dorsey present trusty liger yeah ex-official member richardson excused trusty russell absent trustee smith present chairman carlwood present please um record trusty barry as excuse it's four present one absent one excuse can i get a motion to go into executive session uh so move i make a motion to go into executive session you have to um read out the reason okay the reason is to um to hear matters um pertaining to legal matters and personal matters do i have a second i second okay moved by trustee smith seconded by chelsea like a number will come as a name trustee barry absent trustee dorsey yes trustee leiger yes trustee russell absent trustee smith yes chairman carl chairman yes yes four years two absent hello yes yes give us a minute okay All right, go ahead, Chelsea Lager. Um, I want it. 0:00:00 Huh? Okay, no problem. Oh, you're ready to finish. i'm back okay mr nibs yes sir we are going to miss you you know there's a time when you have to go right i know that i know that but um i really want to say to you that i know you have given the system your best yeah when you was hired 15 years ago you came in and the system was in trouble at that time and you walked through it so i really want to thank you for your hard work i remember when i was the chairman i i woke up in the middle of the night and i sent you a text it was about two two o'clock in the morning and 10 minutes later you responded and i'm saying what is mr nips doing up at this hour but you had really given the system your best and we thank you for that Thank you. I appreciate your words. It was tough, but we got through it and hopefully it will go forward since we got the funding. And I think that was a big hurrah at the end, getting the funding for the system to continue. 0:02:59 So I have, you know, my experience there was something that I'll never forget because, like you said, we came in and we were, you know, really down and we had a lot of challenges. We were able to accomplish many things and the system must move on and it will move on and do better than when I was here. Okay. So thank you very much for your words of encouragement. Thank you. You're welcome sir. Mr Chairman, that's all I have to say and anybody else can... Mr. Chairman, are you there? 0:04:57 Machine transcript · UNVERIFIED. Verify every quotation against the recording. Speakers are not identified. VI Update · usvipublicrecords.com · public record, no rights asserted (CC0 1.0) 1 of 2 GERS Retirement System (Board of Trustees) · GERS BOT·s Monthly Meeting 5/18/23 Yes, Mr. Leig, I'm here, I'm here. Oh, okay. Mr. Neves, can I have a roll call, please? Another roll call. Trustee Parry, excuse. Trustee Dorsey? Trustee Dorsey? He left Yannam. I'm on engagement. He's absent. Sorry. Jossie Liger. 0:06:02 Yes, I'm here. Jossie Russell. Jossie Russell. Absent. Present. Trustee Smith. Absent. Trustee Caldwell. Present. 0:06:38 That is two present, three absent, one excused. OK, so we lost a quorum. I just wanted to report that we went into executive session. We were able to select from the candidates that we interviewed, we were able to select one to be the next administrator of the GRS. But due to the lack of a quorum, we are unable to move out with the rest of the agenda. So we scheduled this meeting at another time. Thank you. 0:07:12 Okay. Okay. Thank you, folks. All right. All right. 0:07:53 People named in this transcript SUSPECTED, and a finding aid only. Names were matched by machine against the spellings used across all 426 of our transcripts, and the title is the one used in the room. Being named here is NOT evidence that a person attended or spoke · only that the name was said. Speech recognition mishears names, so a spelling may be wrong even where no alternative is offered. 3x Trustee Andre Dorsey heard in this transcript as: Dorsey 2x Trustee Leona E. Smith heard in this transcript as: Smith Machine transcript · UNVERIFIED. Verify every quotation against the recording. Speakers are not identified. VI Update · usvipublicrecords.com · public record, no rights asserted (CC0 1.0) 2 of 2