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Payment calendarCheck mailed June 28Direct deposit June 30

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

Public Call Letter

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

 

November 4, 2021

Investment Committee - 8:30 a.m. 

Item 1 - Approval of Committee Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 1

Item 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 3

Item 4 - FY 2020-21 GIPS Performance Report

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

Item 4

Item 5 - Chief Investment Officer’s Report

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

Item 5Item 5 PowerPoint

Item 6 - The Collaborative Model 2.0

Session: Open | Type: Informational | Presenter: Scott Chan

Item 6Item 6 PowerPoint

Item 7a - Investment Costs Reporting - Annual Investment Cost Report

Session: Open | Type: Informational | Presenter: April Wilcox, Shifat Hasan, Mike Dunigan

Item 7aItem 7a - PowerPoint

Item 7b - Investment Costs Reporting - Collaborative Model Savings Report

Session: Open | Type: Informational | Presenter: April Wilcox, Shifat Hasan, Mike Dunigan

Item 7bItem 7b - 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: Chaiperson

Item 9

Item 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

Audits and Risk Management Committee - 2:45 p.m. 

Item 1 - Approval of Committee Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 01

Item 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 02

Item 3 - Annual Report of Benefit Payment Modifications for FY 2020-21

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

Item 03

Item 4 - 2021 Internal Audit Plan Progress Report

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

Item 04

Item 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

  1.  Independent Auditor’s Report
  2.  Report to Those Charged with Governance
  3. Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters
Item 05aItem 05a - PowerPoint

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

  1. Independent Auditor’s Report
  2. Report to Those Charged with Governance
  3. Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters
Item 05bItem 05b - PowerPoint

Item 6 - 2021 Management Letter

Session: Open | Type: Informational | Presenter: Larry Jensen & Julie Underwood

Item 06

Item 7 - 2022 Enterprise Compliance Services Plan

Session: Open | Type: Informational | Presenter: Cheryl Dietz

Item 07Item 07 PowerPoint

Item 8 - 2022 Internal Audit Plan

Session: Open | Type: Action | Presenter: Larry Jensen

Item 08Item 08 PowerPoint

Item 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 10

Item 11 - Opportunity for Statements from the Public

Session: Open | Type: Informational | Presenter: Chairperson

November 5, 2021

Regular Meeting - 8:30 a.m. 

Item 1 - Approval of Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 01

Item 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 7

Item 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 PowerPoint

Item 9 - Pension Solution Project Update

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

Item 9

Item 10 - Review of CalSTRS Funding Levels and Risks

Session: Open | Type: Informational | Presenter: Rick Reed / David Lamoureux

Item 10Item 10 PowerPoint

Item 11 - State and Federal Legislative Report

Session: Open | Type: Informational | Presenter: Joycelyn Martinez-Wade/ John Stanton, Hogan Lovells

Item 11Item 11 PowerPoint

Item 12 - Review of CalSTRS Basic Financial Statements as of June 30, 2021

Session: Open | Type: Informational | Presenter: Julie Underwood / Art Martinez

Item 12

Item 13 - Employer Reporting to Final Benefit Update

Session: Open | Type: Informational | Presenter: Jeff Zimmer

Item 13Item 13 PowerPoint

Item 14 - Adoption of Proposed 2022-23 Operating Budget

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

Item 14

Item 15a - Approval of Annual Incentive of Former Chief Executive Officer

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

Item 15a

Item 15b - Approval of Annual Incentive of Chief Investment Officer

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

Item 15b

Item 15c - Committee Reports

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

  1. Investment Committee
  2. Appeals Committee
  3. Audits and Risk Management Committee
  4. Benefits and Services Committee
  5. Board Governance Committee
  6. 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 15d

Item 15e - Board Member Education

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

Item 15e

Item 15f - Contracts Requiring Board Approval

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

Item 15f

Item 16 - Disclosure of Incentives for Statutory Positions for the 2020-21 Plan Year

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

Item 16

Item 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 19

Item 20 - Opportunity for Statements from the Public

Session: Open | Type: Informational | Presenter: Chairperson

Board Governance Committee - 10:00 a.m. 

Item 1 - Approval of Committee Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 01

Item 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 02

Item 3 - Revised Board Governance Committee Workplan

Session: Open | Type: Action | Presenter: Amy McDuffee

Item 03

Item 4 - Revision to the Board Governance Manual-Form 600H Compliance (Section 4, Subsection G (7)

Session: Open | Type: Action | Presenter: Jennifer Miszkewycz

Item 04

Item 5 - Review of Information Requests

Session: Open | Type: Informational | Presenter: Chairperson

Item 6 - Draft Agenda for Next Committee Meeting

Item 06

Session: Open | Type: Informational | Presenter: Chairperson

Item 7 - Opportunity for Statements from the Public

Session: Open | Type: Informational | Presenter: Chairperson