Board meeting - September 2021
Unless otherwise specified, meetings will be held at the following location:
Web Conference
Public Comment Line: 833-986-0555
All meeting times are approximate depending upon the end of the previous meeting.
August 31, 2021
Item 1 - Approval of Committee Agenda
Session: Open | Type: Action | Presenter: Chairperson
Item 01Item 2 - Approval of Minutes for the June 14, 2021, Appeals Committee Meeting – Open Session
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 02Item 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 03aItem 4 - Education: Appeal Issue Series – Accounting
Session: Open | Type: Informational | Presenter: Lucy Arbuckle
Item 04Item 04 PowerPointItem 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
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 July 8, 2021, Investment Committee Meeting – Open Session - Revised
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 03Item 4a - Investment Policy Revisions -- Fixed Income Policy Revision – Risk Budget – Second Reading
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 04aItem 4b - Investment Policy Revisions -- Sustainable Investment & Stewardship Strategies – Risk Budget – Second Reading
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 04bItem 5 - Pledge to a Net Zero GHG Portfolio by 2050
Session: Open | Type: Action | Presenter: Kirsty Jenkinson and Christopher Ailman
Item 05Item 05 PowerPointItem 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 PowerPointItem 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 06cItem 7 - Chief Investment Officer’s Report
Session: Open | Type: Informational | Presenter: Christopher Ailman
Item 07Item 07 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 09Item 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
Item 1 - Approval of Committee Agenda
Session: Open | Type: Action | Presenter: Chairperson
Item 01Item 2 - Approval of Minutes of the June 11, 2021, Benefits and Services Committee Meeting – Open Session
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 02Item 3 - Service Performance Objectives
Session: Open | Type: Consent/Information | Presenter: Chairperson
Item 03Item 4 - Annual Member Satisfaction Survey
Session: Open | Type: Informational | Presenter: Tom Buffalo
Item 04Item 4 - PowerPointItem 5 - Outstanding Death Benefit Update
Session: Open | Type: Informational | Presenter: Melyssa Adams
Item 05Item 5 - PowerPointItem 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 07Item 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.
Item 1 - Approval of Agenda
Session: Open | Type: Action | Presenter: Chairperson
Item 1Item 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 7Item 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 - PowerPointItem 9 - Proposed 2022-23 Operating Budget Concepts
Session: Open | Type: Informational | Presenter: Julie Underwood
Item 9Item 10 - Enterprise Risk Management Report
Session: Open | Type: Informational | Presenter: Julie Underwood / Phillip Burkholder
Item 10Item 11 - State and Federal Legislation
Session: Open | Type: Informational | Presenter: Joycelyn Martinez-Wade
Item 11Item 12 - Fiduciary Training
Session: Open | Type: Informational | Presenter: Luke Bierman and Jay Chaudhuri, Cohen Milstein Sellers & Toll
Item 12Item 12 - PowerPointItem 13 - Chief Executive Officer Report
Session: Open | Type: Informational | Presenter: Cassandra Lichnock
Item 13Item 14 - Administrative Procedure Changes for the Compensation Policy Pursuant to CEO Delegation Update
Session: Open | Type: Consent/Information | Presenter: Chairperson
Item 14Item 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 15bItem 15c - Board Member Education - Revised
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 15cItem 15d - Contracts Requiring Board Approval
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 15dItem 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 18Item 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.