Meeting

September 2016 Board Meeting Agendas and Minutes

The Teachers’ Retirement Board and its committees met on September 14-15, 2016 at CalSTRS Headquarters in West Sacramento. Meeting minutes for items discussed during open session are provided below if available.

Video of this meeting may be available in the Teachers’ Retirement Board Video Archive.

Full meeting agendas can be downloaded from the Public Meeting Notices and Agendas page.

Client Advisory Committee

Approved minutes currently not available.

Meeting Items

Item Title Presenter
1 Client Advisory Committee Agenda Ed Derman

Benefits and Services Committee

Approved minutes currently not available.

Meeting Items

Item Title Presenter
1 Approval of Committee Agenda Chairperson
2 Approval of Minutes of the September 3. 2015 Benefits and Services Committee Meeting – Open Session Chairperson
3 Presentation of Retirement Progress Report Chairperson
4 Member Benefits Planning Services Andrew Roth
5 Employer Outreach Andrew Roth
6 Annual Member Satisfaction Survey Alisa Dobbins
7 Executive Officer Report Andrew Roth / Ed Derman
8 Review of Information Requests Chairperson
9 Draft Agenda for the Next Committee Meeting Chairperson
9a Opportunity for Additional Statements from the Public Chairperson

Investment Committee

Approved minutes currently not available.

Meeting Items

Item Title Presenter
1 Approval of Committee Agenda Chairperson
9 Approval of Minutes of the July 14, 2016, Investment Committee Meeting – Open Session Chairperson
10 Chief Investment Officer’s Report – Open Session Christopher Ailman
11 Receive General Consultant – Semi-annual Performance Report, Period Ending June 30, 2016 Allan Emkin, Pension Consulting Alliance
12 Receive Real Estate – Semi-annual Performance Report, Period Ending March 31, 2016 Jennifer Young, The Townsend Group
13 Receive Private Equity – Semi-annual Performance Report, Period Ending March 31, 2016 John Haggerty, Meketa
14 Private Equity Limited Partnership Agreement Review Brian J. Bartow and Jennifer Yamane
15 Investment Beliefs Project – Step 4 Allan Emkin, Pension Consulting Alliance
16 Review of Information Requests Chairperson
17 Draft Agenda for the November 16. 2016, Investment Committee Meeting Chairperson
17a Opportunity for Statements from the Public Chairperson

Audits and Risk Management Committee

Approved minutes currently not available.

Meeting Items

Item Title Presenter
1 Approval of Committee Agenda Chairperson
2 Approval of Minutes of the June 8, 2016 Audit and Risk Management Committee – Open Session Chairperson
3 Progress on the External Financial Auditor’s Report on Internal Control – Corrective Actions Larry Jensen
4 Audits and Risk Management Committee Charter Review Larry Jensen / Brian Bartow
5 External Auditor’s Independence and Evaluation Larry Jensen
6 Financial Statement Auditor Request for Proposal Larry Jensen
7 Fiscal Year 2015-16 Audit Plan Results Larry Jensen
8 Fiscal Year 2015-16 Audit Services’ External Quality Assessment Review Larry Jensen / Matthew Snyder and Jill Sylwester, KPMG
9 Chief Auditor Update Larry Jensen
10 Review of Information Requests Chairperson
11 Draft Agenda for Next Committee Meeting Chairperson
12 Opportunity for Statements from the Public Chairperson

Compensation Committee

Approved minutes currently not available.

Meeting Items

Item Title Presenter
1 Approval of Committee Agenda / Work Plan Chairperson
2 Approval of Minutes of the June 9, 2016 Compensation Committee Meeting – Open Session Chairperson
3 General Counsel Compensation Evaluation Melissa Norcia / Michael Oak, McLagan Partners
4 Review Information Requests Chairperson
5 Draft Agenda for the Next Committee Chairperson
6 Opportunity for Additional Statements from the Public Chairperson

Regular Meeting

Approved minutes currently not available.

Meeting Items

Item Title Presenter
1 Approval of Board Agenda Chairperson
2 Amendments to Creditable Compensation Regulations Ed Derman
3 State and Federal Legislation Ed Derman/ Joycelyn Martinez-Wade
4 CEO Report Jack Ehnes
5 Recent Pension Related Court Decisions Brian Bartow
6 Fiduciary Training Harvey Leiderman, Reed Smith
7 Proposed 2017-18 Operational Budget Robin Madsen
8 System Risk Management Report Robin Madsen
9a Project Risk Oversight Report Graeme Finley, Grant Thornton LLP
9b Pension Solution Project IV&V Update Jon Lemelin, MAXIMUS
10a Committee Reports: 1) Investment Committee 2) Appeals Committee 3) Audits and Risk Management Committee 4) Compensation Committee 5) Benefits and Services Committee Chairperson
10b Approval of Minutes of the July 14, 2016, Regular Meeting – Open Session Chairperson
10c Board Member Education Chairperson
10d Contracts Requiring Board Approval Chairperson
11 Items Referred by Committee for Board Decision Chairperson
12 New Business / Review Information Requests Chairperson
13 Draft Agenda for the Next Committee Meeting Chairperson
13a Opportunity for Statements from the Public Chairperson

PowerPoint Presentations

Item Title Presenter
1 Benefits and Services Committee – Item #4 Member Benefits Planning Services – Revised Andrew Roth
2 Benefits and Services Committee – Item #5 Employer Outreach Andrew Roth
3 Benefits and Services Committee – Item #6 Annual Member Satisfaction Survey Alisa Dobbins
7 Investment Committee – Item #10 Chief Investment Officer’s Report – Open Session Christopher Ailman
8 Investment Committee – Item #12 Receive Real Estate – Semi-annual Performance Report, Period Ending March 31, 2016 Micolyn Magee, The Townsend Group
9 Investment Committee – Item #13 Receive Private Equity – Semi-annual Performance Report, Period Ending March 31, 2016 John Haggerty, Meketa Investment Group
10 Audits and Risk Management Committee – Item #8 Fiscal Year 2015-16 Audit Services’ External Quality Assessment Review Larry Jensen, Matthew Snyder, Jill Sylwester, KPMG
11 Regular Meeting – Item #6 Fiduciary Training Harvey Leiderman, Reed Smith
12 Regular Meeting – Item #7 Proposed 2017-18 Operational Budget Robin Madsen
13 Regular Meeting – Item #9a Project Risk Oversight Report Graeme Finley, Grant Thornton LLP
14 Regular Meeting – Item #9b Pension Solution Project IV&V Update Jon Lemelin, MAXIMUS

 

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