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Payment calendarCheck mailed September 28Direct deposit September 30

Board meeting - January 2020

Unless otherwise specified, meetings will be held at the following location:

CalSTRS, 100 Waterfront Place, West Sacramento, CA.
First Floor Board Room

***Public Meeting Notice***

All meeting times are approximate depending upon the end of the previous meeting.

January 30, 2020

Investment Committee - 9:30 a.m. 

Item 1 - Approval of Committee Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 1

Item 2 - Opportunities for Statements from the Public

Session: Open | Type: Informational | Presenter: Chairperson

Item 3 - Approval of Minutes of the November 6, 2019, Investment Committee Meeting – Open Session

Session: Open | Type: Consent/Action | Presenter: Chairperson

Item 3

Item 4 - Investment Policy and Management Plan Revision – 2019 ALM Study Implementation Plan

Session: Open | Type: Consent/Action | Presenter: Chairperson

Item 4

Item 5a - Sustainable Investment & Stewardship Strategies - Program and Portfolio Policy Revision – Open Session

Session: Open | Type: Action | Presenter: Kirsty Jenkinson

Item 5aItem 5a PowerPoint

Item 5b - Sustainable Investment & Stewardship Strategies - Stewardship Plan

Session: Open | Type: Action | Presenter: Kirsty Jenkinson

Item 5bItem 5b PowerPoint

Item 5c - Sustainable Investment & Stewardship Strategies - Low Carbon Transition Work Plan – Investment Belief

Session: Open | Type: Action | Presenter: Kirsty Jenkinson

Item 5cItem 5c PowerPoint

Item 5d - Sustainable Investment & Stewardship Strategies - Green Initiative Task Force Report (SB964)

Session: Open | Type: Action | Presenter: Kirsty Jenkinson

Item 5dItem 5d PowerPoint

Item 6 - Chief Investment Officer’s Report – Open Session

Session: Open | Type: Action | Presenter: Christopher Ailman

Item 6Item 6 PowerPoint

Item 7 - CalSTRS Collaborative Model – The Pillars Project

Session: Open | Type: Action | Presenter: Scott Chan and Lisa Blatnick

Item 7Item 7 PowerPoint

Item 8 - Global Equity Active Risk Budget Overview

Session: Open | Type: Action | Presenter: June Kim and Meketa

Item 8Item 8a PowerPointItem 8b PowerPoint

Item 9 - Review of Information Requests

Session: Open | Type: Action | Presenter: Chairperson

Item 10 - Draft Agenda for the Next Committee Meeting

Session: Open | Type: Action | Presenter: Chairperson

Item 10

Item 11 - Approval of Minutes of the November 6, 2019, Investment Committee Meeting – Closed Session (Gov. Code, sec 11126)

Session: Closed | Type: Consent/Action | Presenter: Chairperson

Item 12 - Confer with and Receive Advice from Fiduciary Counsel and Investment Consultants (Gov. Code, sec 11126(c)(16))

Session: Closed | Type: Informational | Presenter: Counsel and Meketa

Item 13 - Tactical Investment Strategy Discussion (Gov. Code, sec. 11126(c)(16))

Session: Closed | Type: Informational | Presenter: Investment Staff and Consultants

Item 14 - Sustainable Investment & Stewardship Strategies Portfolio Policy Revision – First Reading – Closed Session

Session: Closed | Type: Informational | Presenter: Kirsty Jenkinson and Aeisha Mastagni

Item 15 - Confer with and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e))

Session: Closed | Type: Informational | Presenter: Brian J. Bartow

Item 16 - Consideration of Investment Decisions (Gov. Code, sec. 11126(c)(16))

Session: Closed | Type: Informational | Presenter: Chairperson

 

NOTE:  Items designated for information are appropriate for committee action if the committee wishes to take action. Items on the agenda of board committees may be referred to the board for discussion and possible action. Agenda items may be taken out of order with the approval of the Chairperson. Board members who are not members of the committee may attend and observe, but may not participate in the discussion of agenda items.

Board Governance Committee - 2:30 p.m. (estimate) 

Item 1 - Approval of Committee Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 1

Item 2 - Approval of Minutes of the November 7, 2019, Board Governance Committee Meeting – Open Session

Session: Open | Type: Consent/Action | Presenter: Chairperson

Item 2

Item 3 - Teachers’ Retirement Board Policy Manual Reorganization – Identify Board and Staff Policies/Proposed Revisions to Separate Policies

Session: Open | Type: Informational | Presenter: Brian J. Bartow / Jill Lukins

Item 3

Item 4 - Teachers’ Retirement Board Policy Manual Revisions – Succession Planning Policy – 1st Reading

Session: Open | Type: Informational | Presenter: Amy McDuffee, Mosaic Governance Advisors

Item 4

Item 5 - Teachers’ Retirement Board Policy Manual Revisions – Education Policy §500(D)(a) – 1st Reading

Session: Open | Type: Informational | Presenter: Amy McDuffee

Item 5

Item 6 - Trustee Onboarding Program Updates

Session: Open | Type: Informational | Presenter: Amy McDuffee

Item 6Item 6 PowerPoint

Item 7 - Review of Information Requests

Session: Open | Type: Informational | Presenter: Chairperson

Item 8 - Draft Agenda for Next Committee Meeting

Session: Open | Type: Informational | Presenter: Chairperson

Item 8

Item 9 - Opportunities for Statements from the Public

Session: Open | Type: Informational | Presenter: Chairperson

 

NOTE:  Items designated for information are appropriate for committee action if the committee wishes to take action. Items on the agenda of board committees may be referred to the board for discussion and possible action. Agenda items may be taken out of order with the approval of the Chairperson. Board members who are not members of the committee may attend and observe, but may not participate in the discussion of agenda items.

January 31, 2020

Regular Meeting - 9:00 a.m. 

Item 1 - Approval of Committee Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 1

Item 2 - Chief Executive Officer Briefing on Performance and Personnel Issues (Gov. Code, sec. 11126(a), (b), (g))

Session: Closed | Type: Informational | Presenter: Jack Ehnes

Item 3 - Committee Reports (Gov. Code, Sec. 11126) a) Investment Committee b) Appeals Committee

Session: Closed | Type: Informational | Presenter: Chairperson

Item 4 - Confer with and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e))

Session: Closed | Type: Informational | Presenter: Brian J. Bartow

Item 5 - Approval of Minutes of the November 8, 2019 Regular Meeting – Closed Session (Gov. Code, sec 11126)

Session: Closed | Type: Consent/Action | Presenter: Chairperson

Item 6 - Review of Actuarial Assumptions

Session: Open | Type: Action | Presenter: Rick Reed/ David Lamoureux/ Nick Collier and Mark Olleman, Milliman

Item 6Item 6 PowerPoint

Item 7 - Initiate Rule Making Process for Public Comment

Session: Open | Type: Action | Presenter: Brian J. Bartow / Grant Boyken

Item 7

Item 8 - Pension Solution Project Update

Session: Open | Type: Informational | Presenter: Ashish Jain/ Bill Perez/ Prashant Mittal/ Graeme Finley, Grant Thornton LLP

Item 8Item 8a PowerPointItem 8b PowerPoint

Item 9 - Fiduciary Insurance Review

Session: Open | Type: Informational | Presenter: Brian J. Bartow/ Kirsten Casella/ Michele Cowen

Item 9Item 9 PowerPoint

Item 10 - Chief Executive Officer Report

Session: Open | Type: Informational | Presenter: Jack Ehnes

Item 10

Item 11 - State and Federal Legislation

Session: Open | Type: Consent/Information | Presenter: Grant Boyken/ Joycelyn Martinez-Wade

Item 11

Item 12a - Committee Reports 1) Investment Committee 2) Appeals Committee 3) Audits and Risk Management Committee 4) Benefits and Services Committee 5) Board Governance 6) Compensation Committee

Session: Open | Type: Consent/Action | Presenter: Chairperson

Item 12b - Adoption of 2020-21 Board Meeting Calendar

Session: Open | Type: Consent/Action | Presenter: Chairperson

Item 12b

Item 12c - Approval of Minutes of the November 7-8, 2019, Regular Meeting – Open Session

Session: Open | Type: Consent/Action | Presenter: Chairperson

Item 12c

Item 12d - Board Member Education - Revised

Session: Open | Type: Consent/Action | Presenter: Chairperson

Item 12d

Item 12e - Contracts Requiring Board Approval

Session: Open | Type: Consent/Action | Presenter: Chairperson

Item 12e

Item 13 - Items Referred by Committee for Board Decision

Session: Open | Type: Informational | Presenter: Chairperson

Item 14 - New Business / Review of Information Requests

Session: Open | Type: Informational | Presenter: Chairperson

Item 15 - Draft Agenda for the Next Meeting

Session: Open | Type: Informational | Presenter: Chairperson

Item 15

Item 16 - Opportunities for Statements from the Public

Session: Open | Type: Informational | Presenter: Chairperson

 

NOTE:  Items designated for information are appropriate for board action if the board wishes to take action. Agenda items may be taken out of order with the approval of the Chairperson.

Appeals Committee - 2:00 p.m. (estimate) 

Item 1 - Approval of Committee Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 1

Item 2 - Approval of Minutes for the December 5, 2019, Appeals Committee Meeting – Open Session

Session: Open | Type: Consent/Action | Presenter: Chairperson

Item 2

Item 3a - Consideration of Proposed Administrative Decision - In the Matter of the Retirement Benefits of Colleen Wilcox

Session: Open | Type: Action | Presenter: Ryan Dunlevy

Item 3a

Item 3b - Consideration of Proposed Administrative Decision - In the Matter of the Request for Entitlement in Diane McLaughlin’s Defined Benefit Account by: James McLaughlin

Session: Open | Type: Action | Presenter: Ryan Dunlevy

Item 3b

Item 4 - Staff Report

Session: Open | Type: Informational | Presenter: Reina G. Minoya

Item 5 - Review of Information Requests

Session: Open | Type: Informational | Presenter: Chairperson

Item 6 - Opportunity for Statements from the Public

Session: Open | Type: Informational | Presenter: Chairperson

Item 7 - Approval of Minutes for the December 5, 2019, Appeals Committee Meeting – Closed Session (Gov. Code, sec. 11126)

Session: Closed | Type: Consent/Action | Presenter: Chairperson

Item 8 - Confer with Legal Counsel Regarding Pending Litigation (Gov. Code, Sec. 11126(e))

Session: Closed | Type: Informational | Presenter: Reina G. Minoya

Item 9a - Consideration of Proposed Administrative Decision - In the Matter of the Retirement Benefits of Colleen Wilcox (Gov. Code, sec. 11126(c)(3))

Session: Closed | Type: Action | Presenter: Chairperson

Item 9b - Consideration of Proposed Administrative Decision - In the Matter of the Request for Entitlement in Diane McLaughlin’s Defined Benefit Account by: James McLaughlin (Gov. Code, sec. 11126(c)(3))

Session: Closed | Type: Action | Presenter: Chairperson

Item 10 - Deliberate on In the Matter of the Audit Finding Regarding Santa Clara County Office of Education and Joyce Farnam (Gov. Code, sec. 11126(c)(3))

Session: Closed | Type: Informational | Presenter: Chairperson

Item 11a - Announcement of Actions Taken on Proposed Administrative Decisions - In the Matter of the Retirement Benefits of Colleen Wilcox

Session: Open | Type: Action | Presenter: Chairperson

Item 11b - Announcement of Actions Taken on Proposed Administrative Decisions - In the Matter of the Request for Entitlement in Diane McLaughlin’s Defined Benefit Account by: James McLaughlin

Session: Open | Type: Action | Presenter: Chairperson

 

NOTE:  Items designated for information are appropriate for committee action if the committee wishes to take action. Items on the agenda of board committees may be referred to the board for discussion and possible action. Agenda items may be taken out of order with the approval of the Chairperson. Board members who are not members of the committee may attend and observe, but may not participate in the discussion of agenda items.