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Agenda

Item 1 - Call to Order / Roll Call - No Materials

Item 2 - Public Comment – No Materials

Consent Matters

Item 3 - Minutes of the January 21, 2026 Regular Meeting
Approve the minutes of the January 21, 2026 Regular Meeting

Item 4 - Disability Retirement Applications
Adopt Staff’s recommendations for the following Disability Retirement Applications:

Item 4A - MADU, Nneka (Mental Health Worker, Sacramento County Health Department): Grant a service-connected disability retirement.

Item 5 - Ratification of Service Retirement Application Approvals—January 2026
Ratify the service retirement applications that were finalized in January 2026.

Item 6 – State Association of County Retirement Systems Legislative Update—February 2026
Receive and file the State Association of County Retirement Systems (SACRS) Legislative Update for February 2026.

Item 7 – SACRS Board of Directors Nominations
Approve nomination of Chris Giboney to serve on SACRS Board of Directors.

Item 8 - Annual Cost-of-Living Adjustment (COLA)
Approve COLA adjustments effective April 1, 2026.

Item 9 – Conflict of Interest Code
Approve amendments to the Conflict of Interest Code.

Item 10 - Portfolio Allocation and Rebalancing Report—Fourth Quarter 2025
Receive and file the Portfolio Allocation and Rebalancing Report for the quarter ended December 31, 2025.

Item 11 - Monthly Report of Investment Activity—January 2026
Receive and file the Monthly Report of Investment Activity for January 2026.

Executive Reports

Item 12 - Chief Executive Officer’s Report (no action requested)

Item 13 - Chief Investment Officer’s Report (no action requested)

Item 14 - Chief Benefits Officer’s Report 
Receive and file CBO Report for the quarter ended December 31, 2025.

Administrative Matters

Item 15 – Strategic Management Plan
Receive and file the Strategic Management Plan Annual Report for 2025 and Strategic Management Plan for 2026.

Investment Matters

Item 16 – Total Fund Investment Performance Review Report—Fourth Quarter 2025
Receive and file the total fund investment performance report for the quarter ended December 31, 2025, as presented by Verus.

Item 17 - Investment Performance Report Structure
Discuss potential changes to quarterly total fund investment performance report structure.

Other Matters

Item 18. Comments from Members of the Board of Retirement

Closed Session

Item 19 - CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION
Pursuant to Government Code Section 54956.9(d)(1), this session shall be closed for the Board to discuss formally initiated litigation to which SCERS is a party: SCERS vs. Telus Health (US) Ltd., United States District Court, Eastern District of California, Case No. 2:24-cv-01431-JAM-DB.

Item 20 - CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION
Pursuant to Government Code Section 54956.9(d)(1), this session shall be closed for the Board to discuss formally initiated litigation to which SCERS is a party: Tidwell v. SCERS, Superior Court of California, County of Sacramento, Case No. 25WM000037.

Item 21 - PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS
Pursuant to Government Code Section 54957(b), this session shall be closed for the Board to discuss the employment of public employees, specifically, the disability retirement applicants referenced in Item 4, above. This item will be withdrawn in whole or in part if approved on Consent as recommended by staff.

Adjournment​