Board meeting - June 2021
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.
June 9, 2021
tem 1 - Approval of Agenda
Session: Open | Type: Action | Presenter: Chairperson
Item 01Item 2 - Approval of Minutes of the March 5, 2021, Regular Meeting – Closed Session (Gov. Code, sec. 11126)
Session: Closed | Type: Consent/Action | Presenter: Chairperson
Item 3a - Committee Reports -- Investment Committee (Gov. Code, sec. 11126)
Session: Closed | Type: Consent/Information | Presenter: Chairperson
Item 3b - Committee Reports -- Appeals Committee (Gov. Code, sec. 11126)
Session: Closed | Type: Consent/Information | Presenter: Chairperson
Item 4 - Setting of CEO/CIO Performance Targets/Compensation for the 2021-22 Performance Year (Gov. Code, sec. 11126(a), (b), (g)(1))
Session: Closed | Type: Action | Presenter: Chairperson
Item 5 - Annual Board Chair and Vice-Chair Elections and Committee Composition for FY 2021-22
Session: Open | Type: Action | Presenter: Chairperson
Item 05Item 6a - Actuarial Valuations -- Valuation of the Defined Benefit Program as of June 30, 2020
Session: Open | Type: Action | Presenter: Rick Reed / David Lamoureux, Mark Olleman / Nick Collier, Milliman
Item 06aItem 06a PowerPointItem 6b - Actuarial Valuations -- Valuation of the Defined Benefit Supplement Program as of June 30, 2020
Session: Open | Type: Action | Presenter: Rick Reed / David Lamoureux, Mark Olleman / Nick Collier, Milliman
Item 06bItem 6c - Actuarial Valuations -- Valuation of the Cash Balance Benefit Program as of June 30, 2020
Session: Open | Type: Action | Presenter: Rick Reed / David Lamoureux, Mark Olleman / Nick Collier, Milliman
Item 6cItem 7 - Review of Lump Sum Death Benefit
Session: Open | Type: Action | Presenter: David Lamoureux / Rick Reed
Item 7Item 8 - State and Federal Legislation
Session: Open | Type: Action | Presenter: Joycelyn Martinez-Wade
Item 8Item 9 - Labor Market Benchmarking for Statutory Positions Under the Board’s Compensation Setting Authority
Session: Open | Type: Action | Presenter: Melissa Norcia / Luis Navas, Global Governance Advisors/ Michael Oak, McLagan
Item 9Item 09 PowerPointItem 10 - Long-Term Incentive Plan Proposal Review
Session: Open | Type: Action | Presenter: Melissa Norcia / Luis Navas, GGA / Stephen McCourt and Allan Emkin, Meketa / Michael Oak, McLagan
Item 10Item 10 PowerPointItem 11 - Pension Solution Project Update
Session: Open | Type: Informational | Presenter: Prashant Mittal / Graeme Finley, Grant Thornton LLP
Item 11Item 12a - Input on Work Plans for Fiscal Year 2021-22 -- Regular Meeting
Session: Open | Type: Informational | Presenter: Jack Ehnes
Item 12aItem 12b - Input on Work Plans for Fiscal Year 2021-22 -- Compensation Committee
Session: Open | Type: Informational | Presenter: Melissa Norcia
Item 12bItem 13a - Committee Reports 1) Investment Committee 2) Appeals Committee 3) Audits and Risk Management Committee 4) Benefits and Services Committee 5) Board Governance Committee 6) Compensation Committee
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 13b - Approval of Minutes of the March 5, 2021, Regular Meeting – Open Session - Revised
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 13bItem 13c - Board Member Education - Revised
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 13cItem 13d - Contracts Requiring Board Approval
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 13dItem 13e - Adoption of Contribution Rates and Interest Rates for Fiscal Year 2021-22
Item 13eSession: Open | Type: Consent/Action | Presenter: Chairperson
Item 14 - Actuarial Valuation of the Medicare Premium Payment Program as of June 30, 2020
Session: Open | Type: Consent/Information | Presenter: Chairperson
Item 14Item 15 - Items Referred by Committee for Board Decision
Session: Open | Type: Informational | Presenter: Chairperson
Item 16 - New Business / Review of Information Requests
Session: Open | Type: Informational | Presenter: Chairperson
Item 17 - Draft Agenda for Next Meeting
Session: Open | Type: Informational | Presenter: Chairperson
Item 17Item 18 - Opportunity 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.
June 10, 2021
Item 1 - Approval of Committee Agenda
Session: Open | Type: Action | Presenter: Chairperson
Item 01Item 2 - Opportunities for Statements from the Public
Session: Open | Type: Informational | Presenter: Chairperson
Item 3 - Approval of Minutes of the March 4, 2021 and March 19, 2021, Investment Committee Meeting – Open Session
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 03Item 4 - Private Equity Investment Consultant Interview Results
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 04Item 5 - Committee Work Plan Input for FY 2021-2022
Session: Open | Type: Consent/Information | Presenter: Chairperson
Item 05Item 6 - Green Team Report
Session: Open | Type: Consent/Information | Presenter: Chairperson
Item 06Item 7 - Risk Mitigating Strategies Policy Revision – Second Reading
Session: Open | Type: Action | Presenter: Steven Tong
Item 07Item 07 PowerPointItem 8a - Investment Policy Revisions - Real Estate Policy Revision – First Reading
Session: Open | Type: Informational | Presenter: Mike DiRe
Item 8b - Investment Policy Revisions - Global Equity Policy Revision – Benchmark – First Reading
Item 08aItem 08a PowerPointSession: Open | Type: Informational | Presenter: June Kim and David Murphy
Item 08bItem 08b PowerPointItem 9 - Chief Investment Officer’s Report
Session: Open | Type: Informational | Presenter: Christopher Ailman
Item 09Item 09 PowerPointItem 10 - Review of Information Requests
Session: Open | Type: Informational | Presenter: Chairperson
Item 11 - Draft Agenda for the Next Committee Meeting
Session: Open | Type: Informational | Presenter: Chairperson
Item 11Item 12 - Approval of Minutes of the March 4, 2021 and March 19, 2021, Investment Committee Meeting – Closed Session (Gov. Code, sec 11126)
Session: Closed | Type: Consent/Action | Presenter: Chairperson
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 Strategic Engagement Opportunity Update
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 - Confer with and Receive Advice from Independent Fiduciary Counsel (Gov. Code, sec. 11126(e))
Session: Closed | Type: Informational | Presenter: Tiffany R. Reeves, Reinhart Boerner Van Deuren s.c.
Item 17 - Director of Investment Services – Semi-Annual Compliance Report (Gov. Code, sec. 11126(c)(16))
Session: Closed | Type: Informational | Presenter: April Wilcox and Shifat Hasan
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.
June 11, 2021
Item 1 - Approval of Committee Agenda
Session: Open | Type: Action | Presenter: Chairperson
Item 01Item 2 - Approval of the Minutes of the January 28, 2021, Board Governance Committee Meeting – Open Session
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 02Item 3 - Board Education Session
Session: Open | Type: Informational | Presenter: Amy McDuffee and Catherine Jackson, Mosaic Governance Advisors
Item 03Item 03 PowerPointItem 4 - Committee Work Plan Input for Fiscal Year 2021-22
Session: Open | Type: Informational | Presenter: Brian J. Bartow
Item 04Item 5 - Review of Information Requests
Session: Open | Type: Informational | Presenter: Chairperson
Item 6 - Draft Agenda for Next Committee Meeting
Session: Open | Type: Informational | Presenter: Chairperson
Item 06Item 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 01Item 2 - Approval of Minutes of the November 6, 2020, Benefits and Services Committee Meeting – Open Session
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 02Item 3 - Impacts of Pension Solution Activities on Service Levels
Session: Open | Type: Informational | Presenter: Bill Perez
Item 03Item 03 PowerPointItem 4 - Committee Work Plan Input for Fiscal Year 2021-22
Session: Open | Type: Informational | Presenter: Bill Perez
Item 04Item 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 06Item 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 19 - Chief Executive Officer Retirement
Session: Open | Type: Informational | Presenter: Chairperson
Item 20 - Chief Executive Officer Report
Session: Open | Type: Informational | Presenter: Jack Ehnes
Item 20Item 21 - Chief Executive Officer Briefing on Performance and Personnel Issues (Gov. Code, sec. 11126(a), (b), (g))
Session: Closed | Type: Informational | Presenter: Jack Ehnes
Item 22 - Confer with and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e))
Session: Closed | Type: Informational | Presenter: Brian J. Bartow
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.
June 14, 2021
Item 1 - Approval of Committee Agenda
Session: Open | Type: Action | Presenter: Chairperson
Item 01Item 2 - Approval of Minutes for the April 2, 2021, Appeals Committee Meeting – Open Session
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 02Item 3a - In the Matter of the Retirement Benefits of: Kenneth Isenhart
Session: Open | Type: Action | Presenter: James Lindsay / Ian Coen
Item 03aItem 4 - Review of Committee Charter
Session: Open | Type: Action | Presenter: Reina G. Minoya
Item 04Item 5 - Education: Appeal Issue Series – Employer Services
Session: Open | Type: Informational | Presenter: Jody Cozad / Nicole Snyder
Item 05Item 05 PowerPointItem 6 - Committee Work Plan Input for Fiscal Year 2021-22
Session: Open | Type: Informational | Presenter: Reina Minoya
Item 06Item 7 - Annual Summary of Appeal Activity for Fiscal Year 2020-21
Session: Open | Type: Informational | Presenter: James Lindsay
Item 07Item 8 - Annual Summary of Designation of Precedential Decisions for Fiscal Year 2020-21
Session: Open | Type: Informational | Presenter: James Lindsay
Item 08Item 9 - Staff Report
Session: Open | Type: Informational | Presenter: Reina G. Minoya
Item 10 - Review of Information Requests
Session: Open | Type: Informational | Presenter: Chairperson
Item 11 - Opportunity for Statements from the Public
Session: Open | Type: Informational | Presenter: Chairperson
Item 12 - Approval of Minutes for the April 2, 2021, Appeals Committee Meeting – Closed Session (Gov. Code, sec. 11126)
Session: Closed | Type: Consent/Action | Presenter: Chairperson
Item 13 - Confer with Legal Counsel Regarding Pending Litigation (Gov. Code, Sec. 11126(e))
Session: Closed | Type: Informational | Presenter: Reina G. Minoya
Item 14a - Consideration of Proposed Administrative Decision: In the Matter of the Retirement Benefits of: Kenneth Isenhart (Gov. Code, sec. 11126(c)(3))
Session: Closed | Type: Action | Presenter: Chairperson
Item 15a - Announcement of Action Taken on Proposed Administrative Decision: Announcement of Action Taken on Proposed Administrative Decision:
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.