TranslateBoard 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
Item 1 - Approval of Committee Agenda
Session: Open | Type: Action | Presenter: Chairperson
Item 1Item 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 3Item 4 - Special Mandates Policy Revision – Low-Carbon Mandate
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 4Item 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 5aItem 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 PowerPointItem 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 PowerPointItem 6 - Chief Investment Officer’s Report – Open Session
Session: Open | Type: Informational | Presenter: Christopher Ailman
Item 6Item 7 - Workplan – Low-Carbon Transition
Session: Open | Type: Informational | Presenter: Kirsty Jenkinson and Brian Rice
Item 7Item 7 PowerPointItem 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 9Item 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
Item 1 - Approval of Agenda
Session: Open | Type: Action | Presenter: Chairperson
Item 1Item 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 PowerPointItem 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 PowerPointItem 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 2cItem 3 - Proposed 2021-22 Operating Budget Concepts and Other Budgetary Changes
Session: Open | Type: Informational | Presenter: Julie Underwood
Item 3Item 4 - Review Board Discretion to Modify Incentive Awards
Session: Open | Type: Informational | Presenter: Melissa Norcia
Item 4Item 4 PowerPointItem 5 - Chief Executive Officer Report
Session: Open | Type: Informational | Presenter: Jack Ehnes
Item 5Item 6 - Pension Solution Project Update
Session: Open | Type: Informational | Presenter: Prashant Mittal
Item 6Item 7 - State and Federal Legislation
Session: Open | Type: Consent/Information | Presenter: Chairperson
Item 7Item 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 8bItem 8c - Board Member Education - REVISED
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 8cItem 8d - Contracts Requiring Board Approval - REVISED
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 8dItem 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 11Item 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
Item 1 - Approval of Committee Agenda
Session: Open | Type: Action | Presenter: Chairperson
Item 1Item 2 - Approval of Minutes of the November 7, 2019,Benefits and Services Committee Meeting – OpenSession
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 2Item 3 - CalSTRS Member Demographics Study
Session: Open | Type: Informational | Presenter: Tom Buffalo / Ruth Latendorf
Item 3Item 3 PowerPointItem 4 - Employer Education and Outreach
Session: Open | Type: Informational | Presenter: Jeff Zimmer
Item 4Item 4 PowerPointItem 5 - Review of Committee Charter
Session: Open | Type: Informational | Presenter: Bill Perez
Item 5Item 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 7Item 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.
Item 1 - Approval of Committee Agenda
Session: Open | Type: Action | Presenter: Chairperson
Item 1Item 2 - Approval of Minutes of the March 5, 2020,Compensation Committee Meeting – Open Session
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 2Item 3 - Administrative Procedure Changes Pursuant to CEO Delegation
Session: Open | Type: Consent/Information | Presenter: Chairperson
Item 3Item 4 - Compensation Consulting Services Solicitation
Session: Open | Type: Action | Presenter: Melissa Norcia
Item 4Item 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 6Item 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.
Item 1 - Approval of Committee Agenda
Session: Open | Type: Action | Presenter: Chairperson
Item 1Item 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 2Item 3 - Education: Lifecycle of the Employer AuditResolution Process
Session: Open | Type: Informational | Presenter: Larry Jensen/ Jeff Zimmer/ Reina G. Minoya
Item 3Item 3 PowerPointItem 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.