These minutes are a draft subject to approval by the Police and Firemen's Retirement Fund Advisory Committee at their next regular meeting.

POLICE & FIREMEN'S RETIREMENT FUND
ADVISORY COMMITTEE MEETING
October 3, 2001
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The agenda was posted at PERS, 693 West Nye Lane, Carson City; O.C. Lee Building, 1250 South Burnham, Las Vegas; Washoe County Airport Authority Fire Department, 1910 National Guard Way, Reno; and Clark County Fire Department, 575 E. Flamingo Rd, Las Vegas. In addition, the agenda was mailed to groups and individuals as requested.

The meeting was called to order at 10:40 a.m., in the Board Room at Public Employees Retirement System, 693 W. Nye Lane, Carson City, NV. Members present: Bill Loncar. Members Fred Galey and Dean Molburg attended via telephone. Members absent Raymond (Rusty) McAllister and Rich Tiran.

I. COMMITTEE (All items under this heading are action items)

1. On a motion by Fred Galey, seconded by Bill Loncar, the Committee voted unanimously to approve the Minutes of the PFRFAC meeting held June 14, 2001.
2. It was agreed that the next PFRFAC meeting date would be changed. The Committee agreed that Patti Keyes would coordinate the date with Committee members.
3. No Comments or changes were made regarding the Retirement Board Meeting dates.
4. The Committee voted unanimously to defer election of the Chairman and Vice Chairman until the next meeting.

II. NEW BUSINESS (All items under this heading are action items)

1. City of Mesquite
   
   
   1. Police Chief

      On a motion by Fred Galey, seconded by Bill Loncar, the Committee voted unanimously to recommend promotional coverage for the Police Chief position for the City of Mesquite.

2. The Operations Officer presented the existing criteria and the evaluation process of the Police and Fireman Early Retirement Study
3. The Operations Officer presented in detail the Proposed Plan for 2001 Police Officer and Fireman Early Retirement Study. A brief overview of what has been done and timeline of events scheduled for the purposes of presenting the results of the Study to the Board.

III. GENERAL (All items under this heading are information, except as noted)

1. Ratification's - Title changes (Action)
   The Committee approved all of the title changes.
2. Staff reports:

   The Operations Officer addressed possible concerns regarding the relationship the System has with the Bank of New York and the manner in which business was affected by the recent acts of terrorism.

3. The Committee reviewed the Board Minutes from April 2001 through August 2001.
4. The System's financial statements were reviewed (April 2001 through June 2001)
5. Member comments or requests: Mike Neville, President of the Washoe County District Attorney Investigator Association, advised that he had not yet been added to our mailing list. He further requested a copy of the aforementioned documents.

   Ron Dreher, President of the Peace Officers Association requested confirmation that the proposals in the minutes, the surveys and notification of future meetings will be sent to all the Associations on the mailing list. Mr. Dreher also asked if the Agenda and the Minutes could be posted to our website.

6. There were no Committee comments or requests
7. There were no comments on the Disabilities.

IV. PUBLIC COMMENTS

There were no comments or questions.

The meeting was adjourned at 11:12 a.m.