Board meeting - November 2021
Unless otherwise specified, meetings will be held at the following location:
CalSTRS, 100 Waterfront Place, West Sacramento, CA.
First Floor Board Room
All meeting times are approximate depending upon the end of the previous meeting.
November 4, 2021
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 September 1, 2021, Investment Committee Meeting – Open Session
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 3Item 4 - FY 2020-21 GIPS Performance Report
Session: Open | Type: Consent/Information | Presenter: Chairperson
Item 4Item 5 - Chief Investment Officer’s Report
Session: Open | Type: Informational | Presenter: Christopher Ailman
Item 5Item 5 PowerPointItem 6 - The Collaborative Model 2.0
Session: Open | Type: Informational | Presenter: Scott Chan
Item 6Item 6 PowerPointItem 7a - Investment Costs Reporting - Annual Investment Cost Report
Session: Open | Type: Informational | Presenter: April Wilcox, Shifat Hasan, Mike Dunigan
Item 7aItem 7a - PowerPointItem 7b - Investment Costs Reporting - Collaborative Model Savings Report
Session: Open | Type: Informational | Presenter: April Wilcox, Shifat Hasan, Mike Dunigan
Item 7bItem 7b - 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: Chaiperson
Item 9Item 10 - Approval of Minutes of the September 1, 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 12 - The Collaborative Model 2.0 – Future Investment Transactions (Gov. Code, sec. 11126(c)(16))
Session: Closed | Type: Informational | Presenter: Scott Chan and Directors
Item 13 - RMS Portfolio Update (Gov. Code, sec. 11126(c)(16))
Session: Closed | Type: Informational | Presenter: Steven Tong and Carrie Lo
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 - Director of Investment Services – Semi-Annual Compliance Report (Gov. Code, sec. 11126(c)(16))
Session: Closed | Type: Informational | Presenter: April Wilcox and Shifat Hasan
Item 1 - Approval of Committee Agenda
Session: Open | Type: Action | Presenter: Chairperson
Item 01Item 2 - Approval of Minutes of the July 9, 2021, Audits and Risk Management Committee – Open Session - Revised
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 02Item 3 - Annual Report of Benefit Payment Modifications for FY 2020-21
Session: Open | Type: Consent/Information | Presenter: Chairperson
Item 03Item 4 - 2021 Internal Audit Plan Progress Report
Session: Open | Type: Consent/Information | Presenter: Chairperson
Item 04Item 5a - CalSTRS Independent Financial Statement Auditor Reports for the Year Ended June 30, 2021
Session: Open | Type: Action | Presenter: Crowe LLP – Kevin Smith & Jen Aras
a) Basic Financial Statements, Required Supplementary Information, and Other Supplementary Information for the Year Ended June 30, 2021
- Independent Auditor’s Report
- Report to Those Charged with Governance
- Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters
Item 5b - CalSTRS Independent Financial Statement Auditor Reports for the Year Ended June 30, 2021
Session: Open | Type: Action | Presenter: Crowe LLP – Kevin Smith & Jen Aras
b) Other Pension Information – State Teacher’s Retirement Plan for the Year Ended June 30, 2021
- Independent Auditor’s Report
- Report to Those Charged with Governance
- Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters
Item 6 - 2021 Management Letter
Session: Open | Type: Informational | Presenter: Larry Jensen & Julie Underwood
Item 06Item 7 - 2022 Enterprise Compliance Services Plan
Session: Open | Type: Informational | Presenter: Cheryl Dietz
Item 07Item 07 PowerPointItem 8 - 2022 Internal Audit Plan
Session: Open | Type: Action | Presenter: Larry Jensen
Item 08Item 08 PowerPointItem 9 - Review of Information Requests
Session: Open | Type: Informational | Presenter: Chairperson
Item 10 - Draft Agenda for the Next Committee Meeting
Session: Open | Type: Informational | Presenter: Chairperson
Item 10Item 11 - Opportunity for Statements from the Public
Session: Open | Type: Informational | Presenter: Chairperson
November 5, 2021
Item 1 - Approval of Agenda
Session: Open | Type: Action | Presenter: Chairperson
Item 01Item 2 - Approval of Minutes of the September 2, 2021, Regular Meeting – Closed Session (Gov. Code, sec. 11126)
Session: Closed | Type: Consent/Action | Presenter: Chairperson
Item 3 - Committee Reports (Gov. Code, Sec. 11126) a. Investment Committee b. Appeals Committee
Session: Closed | Type: Consent/Information | Presenter: Chairperson
Item 4 - Board Self-Evaluation (Gov. Code, sec. 11126(a))
Session: Closed | Type: Informational | Presenter: Harry Keiley/Amy McDuffee, Mosaic Governance Advisors
Item 5 - Chief Executive Officer Briefing on Performance and Personnel Issues (Gov. Code, sec. 11126(a), (b), (g))
Session: Closed | Type: Informational | Presenter: Cassandra Lichnock
Item 6 - 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 7 - Chief Executive Officer Report
Session: Open | Type: Informational | Presenter: Cassandra Lichnock
Item 7Item 8 - Headquarters Occupancy Plans & Tower Leasing Update
Session: Open | Type: Informational | Presenter: Lisa Blatnick / Greg Levi and Alexis Garrett, Jones Lang LaSalle
Item 8Item 08 PowerPointItem 9 - Pension Solution Project Update
Session: Open | Type: Informational | Presenter: Prashant Mittal
Item 9Item 10 - Review of CalSTRS Funding Levels and Risks
Session: Open | Type: Informational | Presenter: Rick Reed / David Lamoureux
Item 10Item 10 PowerPointItem 11 - State and Federal Legislative Report
Session: Open | Type: Informational | Presenter: Joycelyn Martinez-Wade/ John Stanton, Hogan Lovells
Item 11Item 11 PowerPointItem 12 - Review of CalSTRS Basic Financial Statements as of June 30, 2021
Session: Open | Type: Informational | Presenter: Julie Underwood / Art Martinez
Item 12Item 13 - Employer Reporting to Final Benefit Update
Session: Open | Type: Informational | Presenter: Jeff Zimmer
Item 13Item 13 PowerPointItem 14 - Adoption of Proposed 2022-23 Operating Budget
Session: Open | Type: Action | Presenter: Julie Underwood
Item 14Item 15a - Approval of Annual Incentive of Former Chief Executive Officer
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 15aItem 15b - Approval of Annual Incentive of Chief Investment Officer
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 15bItem 15c - Committee Reports
Session: Open | Type: Consent/Action | Presenter: Chairperson
- Investment Committee
- Appeals Committee
- Audits and Risk Management Committee
- Benefits and Services Committee
- Board Governance Committee
- Compensation Committee
Item 15d - Approval of Minutes of the September 2, 2021, Regular Meeting – Open Session - Revised
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 15dItem 15e - Board Member Education
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 15eItem 15f - Contracts Requiring Board Approval
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 15fItem 16 - Disclosure of Incentives for Statutory Positions for the 2020-21 Plan Year
Session: Open | Type: Consent/Information | Presenter: Chairperson
Item 16Item 17 - Items Referred by Committee for Board Decision
Session: Open | Type: Informational | Presenter: Chairperson
Item 18 - New Business / Review of Information Requests
Session: Open | Type: Informational | Presenter: Chairperson
Item 19 - Draft Agenda for Next Meeting
Session: Open | Type: Informational | Presenter: Chairperson
Item 19Item 20 - Opportunity for Statements from the Public
Session: Open | Type: Informational | Presenter: Chairperson
Item 1 - Approval of Committee Agenda
Session: Open | Type: Action | Presenter: Chairperson
Item 01Item 2 - Approval of the Minutes of the June 11, 2021, Board Governance Committee Meeting – Open Session - Revised
Session: Open | Type: Consent/Action | Presenter: Chairperson
Item 02Item 3 - Revised Board Governance Committee Workplan
Session: Open | Type: Action | Presenter: Amy McDuffee
Item 03Item 4 - Revision to the Board Governance Manual-Form 600H Compliance (Section 4, Subsection G (7)
Session: Open | Type: Action | Presenter: Jennifer Miszkewycz
Item 04Item 5 - Review of Information Requests
Session: Open | Type: Informational | Presenter: Chairperson
Item 6 - Draft Agenda for Next Committee Meeting
Item 06Session: Open | Type: Informational | Presenter: Chairperson
Item 7 - Opportunity for Statements from the Public
Session: Open | Type: Informational | Presenter: Chairperson