January 21, 2026 – 10:00 a.m.
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Agenda
Item 1 - Call to Order / Roll Call - No Materials
Item 2 - Swearing-In Ceremony
Item 3 - Public Comment – No Materials
Consent Matters
Item 4 - Minutes of the December 10, 2025 Regular Meeting
Approve the minutes of the December 10, 2025 Regular Meeting
Item 5 - Disability Retirement Applications
Adopt Staff’s recommendations for the following Disability Retirement Applications:
Item 5A - ISAIS, Luciano (Sanitation District Maintenance and Operations Assistant, Sacramento Area Sewer District): Grant a service-connected disability retirement.
Item 5B - DIAZ-MENDOZA, Jose (Deputy Probation Officer, Probation Department): Grant a service-connected disability retirement.
Item 6 - Ratification of Service Retirement Application Approvals—December 2025
Ratify the service retirement applications that were finalized in December 2025.
Item 7 – State Association of County Retirement Systems Legislative Update—January 2026
Receive and file the State Association of County Retirement Systems (SACRS) Legislative Update for January 2026.
Item 8 – Board Policies
Reaffirm Ratification of Retirement Applications Policy with no amendments.
Item 9 - Annual Discharge of Uncollectible Receivables
Approve the discharge of $142,888 of uncollectible receivables.
Item 10 – Annual Education Compliance Report
Receive and file the annual Board Education Compliance Report for 2025.
Item 11 - Monthly Report of Investment Activity—December 2025
Receive and file the Monthly Report of Investment Activity for December 2025.
Item 12 - CEO Delegated Authority Expense Report—Fourth Quarter 2025
Receive and file the CEO Delegated Authority Expense Report for quarter ended December 31, 2025.
Executive Reports
Item 13. Chief Executive Officer’s Report (no action requested)
Item 14 - Chief Investment Officer’s Report
Receive and file CIO Report for the quarter ended December 31, 2025.
Item 15. Chief Benefits Officer’s Report (no action requested)
Administrative Matters
Item 16 – CEM Benchmarking Survey
Receive and file report on CEM Benchmarking survey results.
Item 17 – Technology Report—Fourth Quarter 2025
Receive and file the Technology Report for the quarter ended December 31, 2025.
Item 18 – Procurement and Contracting Policy
Approve new Procurement and Contracting Policy.
Item 19 – Consultant/Service Provider Contract Timelines
Receive and file report on contract terms expiring in 2026 for key consultants and service providers.
Item 20 - Segal Contract Amendment
Authorize the Chief Executive Officer to amend the contract with Segal to support a commercial banking procurement process, with expenditures for the additional scope of work not to exceed $70,000.
Item 21 - Position Requests
Approve the following position changes for the 2026-27 fiscal year: add Accountant (1.0 FTE) and Information Technology System Support Specialist (1.0 FTE); and, reclassify Senior Office Specialist-Confidential (1.0 FTE) to Executive Secretary (1.0 FTE).
Investment Matters
Item 22 – Ad Hoc Investment Consultant Search Committee
Discuss establishment of Ad Hoc Investment Consultant Search Committee.
Item 23 – Investment Manager Compliance and Watch List Report—Fourth Quarter 2025
Receive and file the Investment Manager Compliance and Watch List Report for the quarter ended December 31, 2025.
Item 24 – Education: Real Estate
Receive and file educational presentation on affordable housing considerations in the Real Estate asset class, as presented by Townsend Group.
Other Matters
Item 25. Comments from Members of the Board of Retirement
Closed Session
Item 26 - 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 27 - 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 5, above. This item will be withdrawn in whole or in part if approved on Consent as recommended by staff.