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Payment calendarCheck mailed May 27Direct deposit June 1

Board meeting - September 2021

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

Web Conference
Public Comment Line: 833-986-0555

***Public Meeting Notice***

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

August 31, 2021

Appeals Committee - 3:00 p.m. 

Item 1 - Approval of Committee Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 01

Item 2 - Approval of Minutes for the June 14, 2021, Appeals Committee Meeting – Open Session

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

Item 02

Item 3a - Consideration of Proposed Administrative Decision: In the Matter of the Retirement Benefits of: Teresa Sordello

Session: Open | Type: Action | Presenter: James Lindsay / Ashley Lopez-Trotter

Item 03a

Item 4 - Education: Appeal Issue Series – Accounting

Session: Open | Type: Informational | Presenter: Lucy Arbuckle

Item 04Item 04 PowerPoint

Item 5 - Staff Report

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

Item 6 - Review of Information Requests

Session: Open | Type: Informational | Presenter: Chairperson

Item 7 - Opportunity for Statements from the Public

Session: Open | Type: Informational | Presenter: Chairperson


Item 8 - Approval of Minutes for the June 14, 2021, Appeals Committee Meeting – Closed Session (Gov. Code, sec. 11126)

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

Item 9 - Confer with Legal Counsel Regarding Pending Litigation (Gov. Code, Sec. 11126(e))

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

Item 10a - Consideration of Proposed Administrative Decision: In the Matter of the Retirement Benefits of: Teresa Sordello (Gov. Code, sec. 11126(c)(3))

Session: Closed | Type: Action | Presenter: Chairperson


Item 11a - Announcement of Action Taken on Proposed Administrative Decision: In the Matter of the Retirement Benefits of: Teresa Sordello

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.

September 1, 2021

Investment Committee - 9:00 a.m. 

Item 1 - Approval of Committee Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 01

Item 2 - Opportunities for Statements from the Public

Session: Open | Type: Informational | Presenter: Chairperson

Item 3 - Approval of Minutes of the July 8, 2021, Investment Committee Meeting – Open Session - Revised

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

Item 03

Item 4a - Investment Policy Revisions -- Fixed Income Policy Revision – Risk Budget – Second Reading

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

Item 04a

Item 4b - Investment Policy Revisions -- Sustainable Investment & Stewardship Strategies – Risk Budget – Second Reading

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

Item 04b

Item 5 - Pledge to a Net Zero GHG Portfolio by 2050

Session: Open | Type: Action | Presenter: Kirsty Jenkinson and Christopher Ailman

Item 05Item 05 PowerPoint

Item 6a - Open Session Semi Annual Performance Reports -- Receive General Consultant – Semi-Annual Performance Report, Period Ending June 30, 2021

Session: Open | Type: Informational | Presenter: Allan Emkin and Stephanie Sorg, Meketa Investment Group

Item 6b - Open Session Semi Annual Performance Reports -- Receive Real Estate – Semi-Annual Performance Report, Period Ending March 31, 2021

Session: Open | Type: Informational | Presenter: Ben Maslan and Taylor Mammen, Robert Charles Lesser & Co. Fund Advisors (RFA)

Item 06bItem 06b PowerPoint

Item 6c - Open Session Semi Annual Performance Reports -- Receive Private Equity – Semi-Annual Performance Report, Period Ending March 31, 2021

Session: Open | Type: Informational | Presenter: Steve Hartt and Stephanie Sorg, Meketa Investment Group

Item 06c

Item 7 - Chief Investment Officer’s Report

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

Item 07Item 07 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 09

Item 10 - Approval of Minutes of the June 10, 2021 and July 8, 2021, Investment Committee Meeting – Closed Session (Gov. Code, sec. 11126)

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

Item 11 - Tactical Investment Strategy Discussion (Gov. Code, sec. 11126(c)(16))

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

Item 12a - Closed Session Semi-Annual Performance Reports -- Receive General Consultant – Semi-Annual Performance Report, Period Ending June 30, 2021 (Gov. Code, sec. 11126(c)(16))

Session: Closed | Type: Informational | Presenter: Stephen McCourt and Allan Emkin, Meketa Investment Group

Item 12b - Closed Session Semi-Annual Performance Reports -- Receive Real Estate – Semi-Annual Performance Report, Period Ending March 31, 2021 (Gov. Code, sec. 11126(c)(16))

Session: Closed | Type: Informational | Presenter: Ben Maslan and Taylor Mammen, Robert Charles Lesser & Co. Fund Advisors (RFA)

Item 12c - Closed Session Semi-Annual Performance Reports -- Receive Private Equity – Semi-Annual Performance Report, Period Ending March 31, 2021 (Gov. Code, sec. 11126(c)(16))

Session: Closed | Type: Informational | Presenter: Meketa Investment Group

Item 12d - 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 13 - 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 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 2, 2021

Benefits & Services Committee - 8:30 a.m. 

Item 1 - Approval of Committee Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 01

Item 2 - Approval of Minutes of the June 11, 2021, Benefits and Services Committee Meeting – Open Session

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

Item 02

Item 3 - Service Performance Objectives

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

Item 03

Item 4 - Annual Member Satisfaction Survey

Session: Open | Type: Informational | Presenter: Tom Buffalo

Item 04Item 4 - PowerPoint

Item 5 - Outstanding Death Benefit Update

Session: Open | Type: Informational | Presenter: Melyssa Adams

Item 05Item 5 - PowerPoint

Item 6 - Review of Information Requests

Session: Open | Type: Informational | Presenter: Chairperson

Item 7 - Draft Agendas for the Next Committee Meeting

Session: Open | Type: Informational | Presenter: Chairperson

Item 07

Item 8 - 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.

Regular Meeting - 9:45 a.m. 

Item 1 - Approval of Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 1

Item 2 - Approval of Minutes of the July 9, 2021, Regular Meeting – Closed Session (Gov. Code, sec. 11126)

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

Item 3a - Committee Reports (Gov. Code, sec. 11126) -- Investment Committee

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

Item 3b - Committee Reports (Gov. Code, sec. 11126) -- Appeals Committee

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

Item 4 - Report on Cybersecurity (Gov. Code, sec. 11126 (c)(18)(A))

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

Item 5 - 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 6 - Chief Executive Officer Briefing on Performance and Personnel Issues (Gov. Code, sec. 11126(a), (b), (g))

Session: Closed | Type: Informational | Presenter: Cassandra Lichnock


Item 7 - Pension Solution Project Update

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

Item 7

Item 8 - Report and Recommendations for Long-Term Incentive Plan

Session: Open | Type: Informational | Presenter: Melissa Norcia / Luis Navas and Peter Landers, GGA / Stephen McCourt and Allan Emkin, Meketa

Item 8Item 8 - PowerPoint

Item 9 - Proposed 2022-23 Operating Budget Concepts

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

Item 9

Item 10 - Enterprise Risk Management Report

Session: Open | Type: Informational | Presenter: Julie Underwood / Phillip Burkholder

Item 10

Item 11 - State and Federal Legislation

Session: Open | Type: Informational | Presenter: Joycelyn Martinez-Wade

Item 11

Item 12 - Fiduciary Training

Session: Open | Type: Informational | Presenter: Luke Bierman and Jay Chaudhuri, Cohen Milstein Sellers & Toll

Item 12Item 12 - PowerPoint

Item 13 - Chief Executive Officer Report

Session: Open | Type: Informational | Presenter: Cassandra Lichnock

Item 13

Item 14 - Administrative Procedure Changes for the Compensation Policy Pursuant to CEO Delegation Update

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

Item 14

Item 15a - 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 15b - Approval of Minutes of the July 9, 2021, Regular Meeting – Open Session - Revised

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

Item 15b

Item 15c - Board Member Education - Revised

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

Item 15c

Item 15d - Contracts Requiring Board Approval

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

Item 15d

Item 16 - Items Referred by Committee for Board Decision

Session: Open | Type: Informational | Presenter: Chairperson

Item 17 - New Business / Review of Information Requests

Session: Open | Type: Informational | Presenter: Chairperson

Item 18 - Draft Agenda for Next Meeting

Session: Open | Type: Informational | Presenter: Chairperson

Item 18

Item 19 - 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.