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Payment calendarCheck mailed October 28Direct deposit November 1

Board meeting - September 2020

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

Web Conference

***Public Meeting Notice***

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

September 2, 2020

Investment Committee - 9:00 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 July 15, 2020, InvestmentCommittee Meeting – Open Session

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

Item 3

Item 4 - Special Mandates Policy Revision – Low-Carbon Mandate

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

Item 4

Item 5a - Open Session Semi Annual Performance Reports: Receive General Consultant – Semi-Annual Performance Report, Period Ending June 30,2020

Session: Open | Type: Informational | Presenter: Stephen McCourt and Mika Malone/ Meketa Investment Group

Item 5a

Item 5b - Open Session Semi Annual Performance Reports: Received Real Estate – Semi-Annual Performance Report, Period Ending March 31,2020

Session: Open | Type: Informational | Presenter: Taylor Mammen and Ben Maslan/ Robert Charles Lesser & Co.

Item 5bItem 5b PowerPoint

Item 5c - Open Session Semi Annual Performance Reports: Received Private Equity – Semi-Annual Performance Report, Period Ending March 31,2020

Session: Open | Type: Informational | Presenter: John Haggerty and Steve Hartt/ Meketa Investment Group

Item 5cItem 5c PowerPoint

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

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

Item 6

Item 7 - Workplan – Low-Carbon Transition

Session: Open | Type: Informational | Presenter: Kirsty Jenkinson and Brian Rice

Item 7Item 7 PowerPoint

Item 8 - Review of Information Requests

Session: Open | Type: Informational | Presenter: Chairperson

Item 9 - Draft Agenda for the Next Committee Meeting

Session: Open | Type: Informational | Presenter: Chairperson

Item 9

Item 10 - Approval of Minutes of the July 15, 2020, Investment Committee Meeting – Closed Session (Gov. Code, sec 11126)

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

Item 11 - Collaborative Model Investment Strategy Update

Session: Closed | Type: Informational | Presenter: Scott Chan

Item 12 - Tactical Investment Strategy Discussion (Gov. Code, sec. 11126(c)(16))

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

Item 13a - Closed Session Semi – Annual Performance Reports: Received General Consultant – Semi-Annual Performance Report, Period Ending June 30,2020 (Gov. Code, sec. 11126(c)(16))

Session: Closed | Type: Informational | Presenter: Stephen McCourt and Mika Malone/ Meketa Investment Group

Item 13b - Closed Session Semi – Annual Performance Reports: Receive Real Estate – Semi-Annual Performance Report, Period Ending March 31,2020 (Gov. Code, sec. 11126(c)(16))

Session: Closed | Type: Informational | Presenter: Taylor Mammen and Ben Maslan/ Robert Charles Lesser & Co. (RCLCO)

Item 13c - Closed Session Semi – Annual Performance Reports: Receive Private Equity – Semi-Annual Performance Report, Period Ending March 31,2020 (Gov. Code, sec. 11126(c)(16))

Session: Closed | Type: Informational | Presenter: John Haggerty and Steve Hartt/ Meketa Investment Group

Item 13d - Closed Session Semi – Annual Performance Reports: Semi-Annual Report on Investment Manager Ratings (Gov. Code, sec. 11126(e))

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

Item 14 - 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 15 - 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.

September 3, 2020

Regular Meeting - 9:00 a.m. 

Item 1 - Approval of Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 1

Item 2a - Actuarial Items: June 30, 2019, Actuarial Projection for the Supplemental Benefit Maintenance Account

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

Item 2aItem 2a PowerPoint

Item 2b - Actuarial Items: Options on the Use of the Supplemental Benefit Maintenance Account

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

Item 2bItem 2b PowerPoint

Item 2c - Actuarial Items: Review of Lump Sum Death Benefit

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

Item 2c

Item 3 - Proposed 2021-22 Operating Budget Concepts and Other Budgetary Changes

Session: Open | Type: Informational | Presenter: Julie Underwood

Item 3

Item 4 - Review Board Discretion to Modify Incentive Awards

Session: Open | Type: Informational | Presenter: Melissa Norcia

Item 4Item 4 PowerPoint

Item 5 - Chief Executive Officer Report

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

Item 5

Item 6 - Pension Solution Project Update

Session: Open | Type: Informational | Presenter: Prashant Mittal

Item 6

Item 7 - State and Federal Legislation

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

Item 7

Item 8a - Committee Reports

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

Item 8b - Approval of Minutes of the July 16, 2020, Regular Meeting – Open Session

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

Item 8b

Item 8c - Board Member Education - REVISED

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

Item 8c

Item 8d - Contracts Requiring Board Approval - REVISED

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

Item 8d

Item 9 - Items Referred by Committee for Board Decision

Session: Open | Type: Informational | Presenter: Chairperson

Item 10 - New Business / Review of Information Requests

Session: Open | Type: Informational | Presenter: Chairperson

Item 11 - Draft Agenda for Next Meeting

Session: Open | Type: Informational | Presenter: Chairperson

Item 11

Item 12 - Opportunity for Statements from the Public

Session: Open | Type: Informational | Presenter: Chairperson

Item 13 - Investment Performance Impact on Incentive Pay for the 2019-20 Plan Year (Gov. Code, sec 11126 (a), (c))

Session: Closed | Type: Informational | Presenter: Melissa Norcia

Item 14 - Chief Executive Officer Briefing on Performance and Personnel Issues (Gov. Code, sec. 11126(a), (b), (g))

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

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 - Approval of Minutes of the July 16, 2020, Regular Meeting – Closed Session (Gov. Code, sec. 11126)

Session: Closed | Type: Consent/Action | 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.

September 4, 2020

Benefits & Services Committee - 9:00 a.m. 

Item 1 - Approval of Committee Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 1

Item 2 - Approval of Minutes of the November 7, 2019,Benefits and Services Committee Meeting – OpenSession

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

Item 2

Item 3 - CalSTRS Member Demographics Study

Session: Open | Type: Informational | Presenter: Tom Buffalo / Ruth Latendorf

Item 3Item 3 PowerPoint

Item 4 - Employer Education and Outreach

Session: Open | Type: Informational | Presenter: Jeff Zimmer

Item 4Item 4 PowerPoint

Item 5 - Review of Committee Charter

Session: Open | Type: Informational | Presenter: Bill Perez

Item 5

Item 6 - Review of Information Requests

Session: Open | Type: Informational | Presenter: Chairperson

Item 7 - Draft Agenda for the Next Committee Meeting

Session: Open | Type: Informational | Presenter: Chairperson

Item 7

Item 8 - Opportunity for Statements from the Public

Session: Open | Type: Informational | Presenter: Charperson

 

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.

Compensation Committee - 10:15 a.m. (estimate) 

Item 1 - Approval of Committee Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 1

Item 2 - Approval of Minutes of the March 5, 2020,Compensation Committee Meeting – Open Session

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

Item 2

Item 3 - Administrative Procedure Changes Pursuant to CEO Delegation

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

Item 3

Item 4 - Compensation Consulting Services Solicitation

Session: Open | Type: Action | Presenter: Melissa Norcia

Item 4

Item 5 - Review of Information Requests

Session: Open | Type: Informational | Presenter: Chairperson

Item 6 - Draft Agenda for the Next Committee Meeting

Session: Open | Type: Informational | Presenter: Chairperson

Item 6

Item 7 - Opportunity 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.

Appeals Committee - 12:00 p.m. (estimate) 

Item 1 - Approval of Committee Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 1

Item 2 - Approval of Minutes for the February 14, 2020,February 21, 2020, and March 5, 2020, Appeals Committee Meeting – Open Session

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

Item 2

Item 3 - Education: Lifecycle of the Employer AuditResolution Process

Session: Open | Type: Informational | Presenter: Larry Jensen/ Jeff Zimmer/ Reina G. Minoya

Item 3Item 3 PowerPoint

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 February 14, 2020,February 21, 2020, and March 5, 2020, AppealsCommittee 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

 

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.