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DTSTART;TZID=America/Los_Angeles:20250319T100000
DTEND;TZID=America/Los_Angeles:20250319T100000
DTSTAMP:20260430T070013
CREATED:20260205T183226Z
LAST-MODIFIED:20260304T221101Z
UID:10000046-1742378400-1742378400@www.scers.gov
SUMMARY:Board Meeting March 19\, 2025
DESCRIPTION:Agenda\nMinutes \nOpen Session\nItem 1 – Call to Order / Roll Call – No Materials \nItem 2 – Public Comment – No Materials \nConsent Matters\nItem 3  – Minutes of the February 19\, 2025 Regular Meeting\nApprove the minutes of the February 19\, 2025 Regular Meeting \nItem 4 – Disability Retirement Applications\nAdopt Staff’s recommendations for the following Disability Retirement Applications: \nItem 4A – FLORES\, Jorge (Food Services Worker\, Health Services): Grant a service-connected disability retirement. \nItem 4B – HUGHES\, Rhonda (Senior Staff Attorney\, Sacramento Superior Court): Grant a non-service connected disability retirement. \nItem 4C – MORTON\, Michael (Deputy Sheriff\, Sheriff’s Department): Grant a service-connected disability retirement. \nItem 5  – Ratification of Service Retirement Application Approvals—February 2025\nRatify the service retirement applications that were finalized in February 2025. \nItem 6 – State Association of County Retirement Systems Legislative Update—March 2025\nReceive and file the State Association of County Retirement Systems (SACRS) Legislative Update for March 2025. \nItem 7 – Monthly Report of Investment Activity—February 2025\nReceive and file the Monthly Report of Investment Activity—February 2025. \nItem 8 – Annual Investment Operations Report\nReceive and file Annual Investment Operations Report for 2024.  \nExecutive Reports\nItem 9 – Chief Executive Officer’s Report – No Materials \nItem 10 – Chief Investment Officer’s Report – No Materials \nItem 11 – Chief Benefits Officer’s Report – No Materials \nBenefit Matters\nItem 12 – Error Correction Policy\nApprove amendments to Error Correction Policy. \nAdministrative Matters\nItem 13 – 2025-26 Budget Preview\nReceive and file presentation regarding anticipated changes in SCERS’ 2025-26 annual budget. \nItem 14 – Media and Legislative Relations Policy\nApprove new Media and Legislative Relations Policy. \nInvestment Matters\nItem 15 – Strategic Asset Allocation \nApprove adjustments to Strategic Asset Allocation. \nItem 16 – Investment Performance Report—Alternative Assets\nReceive and file the Investment Performance Report for the quarter ended December 31\, 2024 for the Absolute Return Portfolio\, and the quarter ended September 30\, 2024 for the Private Equity\, Private Credit\, and Real Assets portfolios\, as presented by Cliffwater\, LLC. \nItem 17 – Investment Performance Report—Real Estate\nReceive and file the performance report on real estate investments for the quarter ended December 31\, 2024\, as presented by Townsend Group. \nOther Matters\nItem 18 – Comments from Members of the Board of Retirement – No Materials \nClosed Session\nItem 19 – CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION\nPursuant 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 \nItem 20 – CONFERENCE WITH REAL PROPERTY NEGOTIATORS\nPursuant to Government Code Section 54956.8\, this shall be a closed session to discuss real property located at 980 9th Street\, Sacramento\, California 95814.\nAgency Negotiator: Eric Stern\, Chief Executive Officer\, SCERS\nNegotiating Party: Prime US – Park Tower\, LLC\nUnder Negotiation: Lease price and terms \nItem 21 – PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS \nPursuant 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 \nAdjournment​
URL:https://www.scers.gov/event/board-meeting-march-19-2025/
LOCATION:SCERS Board Room\, 980 9th Street\, Sacramento\, CA\, 95814
CATEGORIES:Board Meetings
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/Los_Angeles:20250219T100000
DTEND;TZID=America/Los_Angeles:20250219T100000
DTSTAMP:20260430T070013
CREATED:20260205T175902Z
LAST-MODIFIED:20260304T221124Z
UID:10000045-1739959200-1739959200@www.scers.gov
SUMMARY:Board Meeting February 19\, 2025
DESCRIPTION:Agenda\nMinutes \nOpen Session\nItem 1 – Call to Order / Roll Call – No Materials \nItem 2 – Public Comment – No Materials \nConsent Matters\nItem 3 – Minutes of the January 15\, 2025 Regular Meeting\nApprove the minutes of the January 15\, 2025 Regular Meeting. \nItem 4 – Disability Retirement Applications\nAdopt Staff’s recommendations for the following Disability Retirement Applications: \nItem 4A – BELL\, Brian (Deputy Sheriff\, Sheriff’s Department): Grant a service-connected disability retirement. \nItem 4B – FOUNTAIN\, Thomas (Deputy Sheriff\, Sheriff’s Department): Grant a service-connected disability retirement. \nItem 4C – MORTON\, Michael (Deputy Sheriff\, Sheriff’s Department): Grant a service-connected disability retirement. \nItem 4D – STEARNS\, Burk (Lieutenant Sheriff\, Sheriff’s Department): Grant a service-connected disability retirement. \nItem 4E – UTTERBACK\, Steven (Heavy Equipment Technician\, General Services): Grant a service-connected disability retirement. \nItem 5 – Ratification of Service Retirement Application Approvals—January 2025\nRatify the service retirement applications that were finalized in January 2025. \nItem 6 – State Association of County Retirement Systems Legislative Update—February 2025\nReceive and file the State Association of County Retirement Systems (SACRS) Legislative Update for February 2025. \nItem 7 – Annual Cost-of-Living Adjustment (COLA)\nApprove COLA adjustments effective April 1\, 2025. \nItem 8 – Portfolio Allocation and Rebalancing Report—Fourth Quarter 2024\nReceive and file the Portfolio Allocation and Rebalancing Report for quarter ended December 31\, 2024. \nItem 9 – Monthly Report of Investment Activity—January 2025\nReceive and file the Monthly Report of Investment Activity for January 2025. \nExecutive Reports\nItem 10 – Chief Executive Officer’s Report – No Materials \nItem 11 – Chief Investment Officer’s Report – No Materials \nItem 12 – Chief Benefits Officer’s Report – No Materials \nAdministrative Matters\nItem 13 – Technology Services\nAuthorize the Chief Executive Officer to engage QualApps for technology development services in an amount not to exceed $280\,000 and execute all necessary documents. \nItem 14 – Strategic Management Plan Annual Report\nReceive and file the Strategic Management Plan Annual Report for 2024. \nItem 15 – Strategic Vision Plan Project Update\nReceive and file update on Strategic Vision Plan project. \nInvestment Matters\nItem 16 – Education: Private Credit\nReceive and file presentation on private credit investing by Ares Management. \nItem 17 – ALM Study\nReceive and file the Asset Liability Modeling (ALM) Study presentation by SCERS’ staff and general investment consultant\, Verus. \nItem 18 – Consultant/Service Provider Contract Timelines—Updated\nReceive and file the updated report on contract terms for consultant and service provider relationships. \nItem 19 – Total Fund Investment Performance Review Report—Fourth Quarter 2024\nReceive and file the performance report for the quarter ended December 31\, 2024\, as presented by Verus. \nOther Matters\nItem 20 – Comments from Members of the Board of Retirement – No Materials \nClosed Session\nItem 21 – CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION\nPursuant 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 \nItem 22 – PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS \nPursuant 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 \nAdjournment​
URL:https://www.scers.gov/event/board-meeting-february-19-2025/
LOCATION:SCERS Board Room\, 980 9th Street\, Sacramento\, CA\, 95814
CATEGORIES:Board Meetings
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/Los_Angeles:20250115T100000
DTEND;TZID=America/Los_Angeles:20250115T100000
DTSTAMP:20260430T070013
CREATED:20260205T173751Z
LAST-MODIFIED:20260304T221132Z
UID:10000044-1736935200-1736935200@www.scers.gov
SUMMARY:Board Meeting January 15\, 2025
DESCRIPTION:Agenda\nMinutes \nOpen Session\nItem 1 – Call to Order / Roll Call – No Materials \nItem 2 – Swearing-In Ceremony – No Materials \nItem 3 – Public Comment – No Materials \nConsent Matters\nItem 4 – Minutes of the December 11\, 2024 Regular Meeting\nApprove the minutes of the December 11\, 2024 Regular Meeting. \nItem 5 – Disability Retirement Applications\nAdopt Staff’s recommendations for the following Disability Retirement Applications: \nItem 5A – COTA\, David (Lead Electrician\, Regional Sanitation District): Grant a service-connected disability retirement. \nItem 5B – CROUCH\, Kenneth (Deputy Sheriff\, Sheriff’s Department): Grant a service-connected disability retirement. \nItem 5C – IOSIF\, Ileana (Deputy Sheriff\, Sheriff’s Department): Grant a service-connected disability retirement. \nItem 5D – KELLY\, Marisa (Human Service Supervisor Master’s Degree\, Department of Child\, Family\, and Adult Services): Grant a service-connected disability retirement. \nItem 5E – WEST\, Mark (Stormwater Utility Worker\, Water Resources): Grant a service-connected disability retirement. \nItem 6 – Ratification of Service Retirement Application Approvals—December 2024\nRatify the service retirement applications that were finalized in December 2024. \nItem 7 – Disability Retirement Procedures\nRe-affirm the Disability Retirement Procedures with minor amendments. \nItem 8 – Annual Board Education Compliance Report \nReceive and file the annual Board Education Compliance Report for 2024. \nItem 9 – CEO Delegated Authority Expense Report—Fourth Quarter 2024\nReceive and file the CEO Delegated Authority Expense Report for quarter ended December 31\, 2024. \nItem 10 – Monthly Report of Investment Activity—December 2024\nReceive and file the Monthly Report of Investment Activity for  December 2024. \nExecutive Reports\nItem 11 – Chief Executive Officer’s Report – No Materials \nItem 12 – Chief Investment Officer’s Report – No Materials \nItem 13 – Chief Benefits Officer’s Report – No Materials \nAdministrative Matters\nItem 14 – Annual Discharge of Uncollectible Receivables\nApprove the discharge of $98\,334.25 of uncollectible receivables.  \nItem 15 – CEO Delegated Authority Policy for Expenses\nApprove amendments to CEO Delegated Authority Policy for Expenses. \nItem 16 – Media and Legislative Relations Policy\nApprove new Media and Legislative Relations Policy. \nItem 17 – Risk Assessment Project\nReceive and file Risk Assessment Project Overview\, as presented by Larry Jensen\, Audit & Risk Management Services. \nItem 18 – Technology Report—Fourth Quarter 2024\nReceive and file the Technology Report for the quarter ended December 31\, 2024. \nInvestment Matters\nItem 19 – Investment Manager Compliance and Watch List Report—Fourth Quarter 2024\nReceive and file the Investment Manager Compliance and Watch List Report for the quarter ended December 31\, 2024. \nItem 20 – Consultant/Service Provider Contract Timelines\nReceive and file report on contract terms for consultant and service provider relationships. \nOther Matters\nItem 21 – Comments from Members of the Board of Retirement – No Materials \nClosed Session\nItem 22 – CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION\nPursuant 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 \nItem 23 – PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS \nPursuant 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 \nAdjournment​
URL:https://www.scers.gov/event/board-meeting-january-15-2025/
LOCATION:SCERS Board Room\, 980 9th Street\, Sacramento\, CA\, 95814
CATEGORIES:Board Meetings
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/Los_Angeles:20241211T100000
DTEND;TZID=America/Los_Angeles:20241211T100000
DTSTAMP:20260430T070013
CREATED:20260304T211350Z
LAST-MODIFIED:20260304T212206Z
UID:10000065-1733911200-1733911200@www.scers.gov
SUMMARY:Board Meeting December 11\, 2024
DESCRIPTION:Agenda \nMinutes \nOpen Session\nItem 1 – Call to Order / Roll Call – No Materials \nItem 2 – Public Comment – No Materials \nConsent Matters\nItem 3 – Minutes of the October 16\, 2024 Regular Meeting\nApprove the minutes of the October 16\, 2024 Regular Meeting. \nItem 4 – Minutes of the November 19\, 2024 Audit Committee Meeting\nRecommendation to approve the minutes of the November 14\, 2024 Audit Committee Meeting. \nItem 5 – Minutes of the November 20\, 2024 Regular Meeting\nRecommendation to approve the minutes of the November 15\, 2024 Regular Meeting. \nItem 6 – Disability Retirement Applications\nAdopt Staff’s recommendations for the following Disability Retirement Applications: \nItem 6A – BALLANTYNE\, George (Collection Equipment Operator\, Waste Management and Recycling): Grant a service-connected disability retirement. \nItem 6B – CERVANTES\, Irma (Custodian Level 2\, Airports): Grant a service-connected disability retirement. \nItem 6C – FUSILIER\, Angela (Human Services Social Worker – Master’s Degree\, Child\, Family and Adult Services): Grant a service-connected disability retirement. \nItem 6D – POWE\, Dexter (Deputy Sheriff\, Sheriff’s Department): Grant a service-connected disability retirement. \nItem 6E – SLONEKER\, Brad (Deputy Sheriff\, Sheriff’s Department): Grant a service-connected disability retirement. \nItem 6F – TELL\, Lionel (Senior Highway Maintenance Worker\, Airports): Grant a service-connected disability retirement. \nItem 6G – VALIENTE\, Ambar (Head Start Intervention Specialist\, Sacramento Employment Training Agency): Grant a service-connected disability retirement. \nItem 6H – WALSH\, Malika (Mental Health Counselor\, Department of Behavioral Health): Grant a service-connected disability retirement. \nItem 7 – Ratification of Service Retirement Application Approvals—October and November 2024\nRatify the Service Retirement Application Approvals for October and November 2024. \nItem 8 – Board Meeting Calendar 2025 \nApprove the Retirement Board Meeting Calendar for 2025. \nItem 9 – Salary Resolution Amendment\nApprove the following positional change for 2025-26: Reallocate 1.0 FTE Information Technology Systems Support Specialist to 1.0 FTE Information Technology (IT) Infrastructure Analyst II. \nItem 10 – Monthly Report of Investment Activity—October and November 2024\nReceive and file the Monthly Report of Investment Activity for October and November 2024. \nItem 11 – Portfolio Allocation and Rebalancing Report—Third Quarter 2024\nRecommendation to receive and file the Portfolio Allocation and Rebalancing Report for quarter ended September 30\, 2024 \nExecutive Reports\nItem 12 – Chief Executive Officer’s Report – No Materials \nItem 13 – Chief Investment Officer’s Report – No Materials \nItem 14 – Chief Benefits Officer’s Report – No Materials \nAdministrative Matters\nItem 15 – Actuarial Valuation and Review and GASB 67 Report as of June 30\, 2024\nAdopt the 2025-26 fiscal year employer and member contribution rates recommended by Segal; receive and file the Actuarial Valuation and Review as of June 30\, 2024; and receive and file the Governmental Accounting Standards Board Statement 68 Actuarial Valuation as of June 30\, 2024. \nItem 16 – Annual Comprehensive Financial Report for Fiscal Year Ended June 30\, 2024\nReceive and file the SCERS Annual Comprehensive Financial Report (the ACFR) based on the audited financial statements and auditor reports as of and for the fiscal year ended June 30\, 2024\, issued by SCERS’ independent auditor\, Brown Armstrong Accountancy Corporation (Brown Armstrong). \nInvestment Matters\nItem 17 – ALM Study\nReceive and file presentation regarding Asset Liability Modeling study. \nItem 18 – Total Fund Investment Performance Report—Third Quarter 2024\nReceive and file the performance report for the quarter ended September 30\, 2024\, as presented by Verus. \nItem 19 – Quarterly Investment Performance Report—Alternative Assets\nReceive and file the performance report for the periods ending September 30\, 2024 for the Absolute Return portfolio\, and the periods ending June 30\, 2024 for the Private Equity\, Private Credit\, and Real Assets portfolios\, as presented by Cliffwater. \nItem 20 – Quarterly Investment Performance Report—Real Estate\nReceive and file the performance report on real estate investments for the quarter ended September 30\, 2024\, as presented by Townsend Group.  \nOther Matters\nItem 21 – Comments from Members of the Board of Retirement – No Materials \nBenefit Matters (Time Certain: 1:00 P.M.)\nItem 22 – Administrative Appeal\nAdopt Staff’s recommendation for the following matter: \nItem 22A – Tidwell\, Walter (former Criminal Investigator\, District Attorney’s Office): Affirm the denial of Appellant’s request regarding community property. \nClosed Session\nItem 23 – CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION\nPursuant 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 \nItem 24 – CONFERENCE WITH LEGAL COUNSEL—ANTICIPATED LITIGATION\nPursuant to Government Code Section 54956.9(d)(4)\, this session shall be closed for the Board to discuss potential litigation to which SCERS may be a party (1 case) \nItem 25 – PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS \nPursuant 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 6 above. This item will be withdrawn in whole or in part if approved on Consent as recommended by staff \nItem 26 – PUBLIC EMPLOYEE PERFORMANCE EVALUATION—CHIEF EXECUTIVE   OFFICER\nPublic employee performance evaluation pursuant to Government Code Section 54957(b)(1). \nAdjournment​
URL:https://www.scers.gov/event/board-meeting-december-11-2024/
LOCATION:SCERS Board Room\, 980 9th Street\, Sacramento\, CA\, 95814
CATEGORIES:Board Meetings
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/Los_Angeles:20241120T100000
DTEND;TZID=America/Los_Angeles:20241120T100000
DTSTAMP:20260430T070013
CREATED:20260304T211517Z
LAST-MODIFIED:20260304T211517Z
UID:10000066-1732096800-1732096800@www.scers.gov
SUMMARY:Board Meeting November 20\, 2024
DESCRIPTION:Agenda \nOpen Session\nItem 1 – Call to Order / Roll Call – No Materials \nItem 2 – Public Comment – No Materials \nItem 3 – 2024 Year in Review and 2025 Strategic Management Plan\nAdopt the 2025 Strategic Management Plan. \nItem 4 – 2024 Year in Review and 2025 Annual Investment Plan\nAdopt the 2025 Annual Investment Plan. \nItem 5 – Comments from Members of the Board of Retirement – No Materials \nClosed Session\nItem 6 – CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION (confidential)\nPursuant 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. \nItem 7 – CONFERENCE WITH LEGAL COUNSEL—ANTICIPATED LITIGATION (confidential)\nPursuant to Government Code Section 54956.9(d)(4)\, this session shall be closed for the Board to discuss amicus briefing in formally initiated litigation to which SCERS is not a party: Los Angeles County Employees’ Retirement Association v. County of Los Angeles\, et al.\, California Supreme Court Case No. S286264. \nItem 8 – PUBLIC EMPLOYEE PERFORMANCE EVALUATION—CHIEF EXECUTIVE OFFICER (confidential)\nPublic employee performance evaluation pursuant to Government Code Section 54957(b)(1). \nAdjournment​
URL:https://www.scers.gov/event/board-meeting-november-20-2024/
LOCATION:SCERS Board Room\, 980 9th Street\, Sacramento\, CA\, 95814
CATEGORIES:Board Meetings
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/Los_Angeles:20241016T100000
DTEND;TZID=America/Los_Angeles:20241016T100000
DTSTAMP:20260430T070013
CREATED:20260304T212118Z
LAST-MODIFIED:20260304T221437Z
UID:10000068-1729072800-1729072800@www.scers.gov
SUMMARY:Board Meeting October 16\, 2024
DESCRIPTION:Agenda \nMinutes \nOpen Session\nItem 1 – Call to Order / Roll Call – No Materials \nItem 2 – Public Comment – No Materials \nConsent Matters\nItem 3 – Minutes of the September 18\, 2024 Regular Meeting\nApprove the minutes of the September 18\, 2024 Regular Meeting. \nItem 4 – Disability Retirement Applications\nAdopt Staff’s recommendations for the following Disability Retirement Applications: \nItem 4A – DOORN\, Candice (Associate Teacher\, Sacramento Employment Training Agency); Grant a service-connected disability retirement. (confidential) \nItem 4B – IOSIF\, Ileana (Deputy Sheriff\, Sheriff’s Department); Grant a service-connected disability retirement. (confidential) \nItem 5 – Ratification of Service Retirement Application Approvals—September 2024\nRatify the service retirement applications that were finalized in September 2024. \nItem 6 – CEO Delegated Authority Expense Report—Third Quarter 2024\nReceive and file the Quarterly CEO Delegated Authority Expense Report for the quarter ended September 30\, 2024. \nItem 7 – State Association of County Retirement Systems \nItem 7A – Legislative Update—October 2024\nReceive and file the State Association of County Retirement Systems (SACRS) Legislative Update for October 2024. \nItem 7B – 2025 Legislative Proposals\nRecommendation to support SACRS legislative proposals for 2025. \nItem 8 – Board Policies\nApprove amendments to or reaffirm the following policies: \nItem 8A – Board Education Policy \nItem 9 – Monthly Report of Investment Activity—September 2024\nReceive and file the Monthly Report of Investment Activity for September 2024. \nExecutive Reports\nItem 10 – Chief Executive Officer’s Report – No Materials \nItem 11 – Chief Investment Officer’s Report – No Materials \nItem 12 – Chief Benefits Officer’s Report – No Materials \nBenefit Matters\nItem 13 – Service Purchase Policy\nApprove new Service Purchase Policy that clarifies existing practices and procedures. \nItem 14 – Education: Disability Retirement\nReceive and file presentation on the disability retirement process. \nAdministrative Matters\nItem 15 – Technology Report—Third Quarter 2024\nReceive and file Technology Report for the quarter ended September 30\, 2024. \nInvestment Matters\nItem 16 – Investment Manager Compliance and Watch List Report—Third Quarter 2024\nReceive and file the Investment Manager Compliance and Watch List Report for quarter ended September 30\, 2024. \nItem 17 – Education: Cryptocurrency\nReceive and file presentation regarding cryptocurrency\, as presented by Verus. \nItem 18 – Education: Portfolio Analytics\nReceive and file presentation on portfolio analytics software implementation. \nOther Matters\nItem 19 – Comments from Members of the Board of Retirement – No Materials \nClosed Session\nItem 20 – CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION (confidential)\nPursuant 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. \nItem 21 – CONFERENCE WITH LEGAL COUNSEL—INITIATION OF LITIGATION (confidential)\nPursuant to Government Code Section 54956.9(d)(4)\, this session shall be closed for the Board to discuss whether to initiate litigation in one (1) case. \nItem 22 – PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS (confidential)\nPursuant 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. \nAdjournment​
URL:https://www.scers.gov/event/board-meeting-october-16-2024/
LOCATION:SCERS Board Room\, 980 9th Street\, Sacramento\, CA\, 95814
CATEGORIES:Board Meetings
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/Los_Angeles:20240918T100000
DTEND;TZID=America/Los_Angeles:20240918T100000
DTSTAMP:20260430T070013
CREATED:20260304T212844Z
LAST-MODIFIED:20260304T221400Z
UID:10000069-1726653600-1726653600@www.scers.gov
SUMMARY:Board Meeting September 18\, 2024
DESCRIPTION:Agenda \nMinutes \nOpen Session\nItem 1 – Call to Order / Roll Call – No Materials \nItem 2 – Public Comment – No Materials \nConsent Matters\nItem 3 – Minutes of the August 21\, 2024 Regular Meeting\nApprove the minutes of the August 21\, 2024 Regular Meeting. \nItem 4 – Disability Retirement Applications\nAdopt Staff’s recommendations for the following Disability Retirement Applications: \nItem 4A – GRIEM\, Joshua (Deputy Sheriff\, Sheriff’s Department): Grant a service-connected disability retirement. (confidential) \nItem 4B – JAMES\, Marcus (Deputy Sheriff\, Sheriff’s Department): Grant a service-connected disability retirement. (confidential) \nItem 4C – MARSHALL-LEE\, Richard (Assistant Probation Officer\, Probation Department): Grant a service-connected disability retirement. (confidential) \nItem 4D – TEMMERMAN\, Frank (Judicial Services Officer\, Sacramento County Courts): Grant a non-service-connected disability retirement. (confidential) \nItem 4E – YANG\, Leesai (Deputy Sheriff\, Sheriff’s Department): Grant a service-connected disability retirement. (confidential) \nItem 5 – Ratification of Service Retirement Application Approvals—August 2024\nRatify the service retirement applications that were finalized in August 2024. \nItem 6 – State Association of County Retirement Systems Legislative Update—September 2024\nReceive and file the State Association of County Retirement Systems (SACRS) Legislative Update for September 2024. \nItem 7 – Board Policies\nApprove amendments to or reaffirm the following policies: \nItem 7A – Privacy and Confidentiality Policy \nItem 7B – Protection of Individual Records Policy \nItem 8 – Monthly Report of Investment Activity—August 2024\nReceive and file the Monthly Report of Investment Activity for August 2024. \nExecutive Reports\nItem 9 – Chief Executive Officer’s Report – No Materials \nItem 10 – Chief Investment Officer’s Report – No Materials \nItem 11 – Chief Benefits Officer’s Report – No Materials \nInvestment Matters\nItem 12 – Enterprise Risk Tolerance Survey\nReceive and file results of Enterprise Risk Tolerance Survey\, as presented by Verus. \nItem 13 – Liquidity Study\nReceive and file the liquidity study and cash-flow profile of SCERS’ portfolio\, as presented by Verus. \nItem 14 – Quarterly Investment Performance Report—Alternative Assets\nReceive and file the performance report for the quarter ended June 30\, 2024 for the Absolute Return portfolio\, and the quarter ended March 31\, 2024 for the Private Equity\, Private Credit\, Real Assets\, and Opportunities portfolios\, as presented by Cliffwater\, LLC. \nItem 15 – Quarterly Investment Performance Report—Real Estate\nReceive and file the performance report on real estate investments for the quarter ended June 30\, 2024\, as presented by Townsend Group. \nOther Matters\nItem 16 – Comments from Members of the Board of Retirement – No Materials \nBenefits Matters – Time Certain: 1:00 p.m.\nItem 17 – Administrative Appeal\nAdopt Staff’s recommendation for the following matter: \nItem 17A CAMPOS\, Joyce (former Office Assistant II\, Department of Human Assistance): Affirm the denial of Appellant’s request to apply for disability retirement benefits. \nClosed Session\nItem 18 – CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION (confidential)\nPursuant 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. \nItem 19 – PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS (confidential)\nPursuant 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. \nAdjournment​
URL:https://www.scers.gov/event/board-meeting-september-18-2024/
LOCATION:SCERS Board Room\, 980 9th Street\, Sacramento\, CA\, 95814
CATEGORIES:Board Meetings
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/Los_Angeles:20240821T100000
DTEND;TZID=America/Los_Angeles:20240821T100000
DTSTAMP:20260430T070013
CREATED:20260304T213613Z
LAST-MODIFIED:20260304T221340Z
UID:10000070-1724234400-1724234400@www.scers.gov
SUMMARY:Board Meeting August 21\, 2024
DESCRIPTION:Agenda \nMinutes \nOpen Session\nItem 1 – Swearing-In Ceremony – No Materials \nItem 2 – Call to Order / Roll Call – No Materials \nItem 3 – Election of Board Officers – No Materials \nItem 4 – Public Comment – No Materials \nConsent Matters\nItem 5 – Minutes of the June 20\, 2024 Regular Meeting\nApprove the minutes of the June 20\, 2024 Regular Meeting. \nItem 6 – Minutes of the June 13\, 2024 Audit Committee Meeting\nApprove the minutes of the June 13\, 2024 Audit Committee Meeting. \nItem 7 – Disability Retirement Applications\nAdopt Staff’s recommendations for the following Disability Retirement Applications: \nItem 7A – ANDERS\, Jamie (Deputy Sheriff\, Sheriff’s Department): Grant a service-connected disability retirement. (confidential) \nItem 7B – BROOKS\, Gwendolyn (Head Start Teacher\, Sacramento Employment and Training Agency): Grant a non-service-connected disability retirement. (confidential) \nItem 7C – FRENCH\, Tara-Marie (Utility Billing Services Representative II\, Department of Finance): Grant a service-connected disability retirement. (confidential) \nItem 7D – GASTINELL\, Judy (Human Services Specialist\, Department of Human Assistance):  Grant a service-connected disability retirement. (confidential) \nItem 7E – MARIN\, Noe (Sanitation District Maintenance and Operations Technician\, Sacramento Area Sewer District): Grant a service-connected disability retirement. (confidential) \nItem 7F – PREHODA\, Brian (Sheriff’s Sergeant\, Sheriff’s Department): Grant a service-connected disability retirement. (confidential) \nItem 7G – SCRANTON\, Donna (Mental Health Counselor\, Health and Human Services): Grant a service-connected disability retirement. (confidential) \nItem 7H – VAUGHN\, Jacqueline (Sheriff Records Officer I\, Sheriff’s Department): Grant a service-connected disability retirement. (confidential) \nItem 7I – WATKINS\, Kaley (Deputy Sheriff\, Sheriff’s Department): Grant a service-connected disability retirement. (confidential) \nItem 8 – Ratification of Service Retirement Application Approvals—June and July 2024\nRatify the service retirement applications that were finalized in June and July 2024. \nItem 9 – State Association of County Retirement Systems Legislative Update—August 2024\nReceive and file the State Association of County Retirement Systems (SACRS) Legislative Update for August 2024. \nItem 10 – CEO Delegated Authority Expense Report—Second Quarter 2024\nReceive and file the CEO Delegated Authority Expense Report for the quarter ended June  30\, 2024. \nItem 11 – Employer Contribution Prepayments\nReceive and file report confirming County contribution prepayment for fiscal year 2024-25\, SacSewer contribution prepayment for fiscal year 2024-25\, and Metro Fire contribution prepayment for 2025-26. \nItem 12 – Portfolio Allocation and Rebalancing Report—Second Quarter 2024\nReceive and file the Portfolio Allocation and Rebalancing Report for the quarter ended June 30\, 2024. \nItem 13 – Investment Manager Compliance and Watch List Report—Second Quarter 2024\nReceive and file the Investment Manager Compliance and Watch List Report for the quarter ended June 30\, 2024. \nItem 14 – 2023 Alternative Asset Fee and Expense Report\nReceive and file the 2023 Alternative Asset Fee and Expense Report. \nItem 15 – Monthly Report of Investment Activity—June and July 2024\nReceive and file the Monthly Report of Investment Activity for June and July 2024. \nExecutive Reports\nItem 16 – Chief Executive Officer’s Report – No Materials \nItem 17 – Chief Investment Officer’s Report – No Materials \nItem 18 – Chief Benefits Officer’s Report – No Materials \nAdministrative Matters\nItem 19 – Sacramento Area Sewer District\nApprove Sacramento Area Sewer District’s request to join SCERS as a new employer\, effective December 15\, 2024; authorize the Chief Executive Officer to execute a three-party agreement with Sacramento County and the District regarding the allocation of pension liabilities and funding obligations; and\, adopt contribution rates for the District for December 15\, 2024-June 30\, 2025\, as recommended by Segal. \nItem 20 – Strategic Management Plan Report—Second Quarter 2024\nReceive and file an update on activities and progress related to the 2024 Strategic Management Plan for the quarter ended June 30\, 2024. \nItem 21 – Technology Report—Second Quarter 2024\nReceive and file the Technology Report for the quarter ended June 30\, 2024. \nInvestment Matters\nItem 22 – Education: Strategic Asset Allocation\nReceive and file education presentation from Ian Toner\, Verus’ Chief Investment Officer\, on Strategic Asset Allocation. \nItem 23 – Investment Oversight Initiative\nReceive and file presentation on strengthening SCERS’ oversight of investment portfolio. \nItem 24 – Salary Resolution Amendment\nApprove the following positional changes: Reallocate 1.0 FTE Paralegal and 1.0 FTE Office Specialist to 1.0 FTE Retirement Investment Officer. \nItem 25 – Total Fund Investment Performance Report—Second Quarter 2024\nReceive and file Total Fund Investment Performance Report for the quarter ended June 30\, 2024\, as presented by Verus. \nOther Matters\nItem 26 – Comments from Members of the Board of Retirement – No Materials \nBenefits Matters\nItem 27 – Felony Forfeiture Review\nAdopt Staff’s recommendations for the following Felony Forfeiture matter: \nItem 27A CHAO\, Seng (Victim Witness Claims Assistant\, District Attorney’s Office): Enforce the felony forfeiture statutes against Member’s retirement benefits.(confidential) \nClosed Session\nItem 28 – CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION (confidential)\nPursuant 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. \nItem 29 – PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS (confidential)\nPursuant 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 7\, above. This item will be withdrawn in whole or in part if approved on Consent as recommended by staff. \nAdjournment​
URL:https://www.scers.gov/event/board-meeting-august-21-2024/
LOCATION:SCERS Board Room\, 980 9th Street\, Sacramento\, CA\, 95814
CATEGORIES:Board Meetings
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/Los_Angeles:20240620T100000
DTEND;TZID=America/Los_Angeles:20240620T100000
DTSTAMP:20260430T070013
CREATED:20260304T213922Z
LAST-MODIFIED:20260304T221318Z
UID:10000071-1718877600-1718877600@www.scers.gov
SUMMARY:Board Meeting June 20\, 2024
DESCRIPTION:Agenda \nMinutes \nOpen Session\nItem 1 – Call to Order/Roll Call – No Materials \nItem 2 – Public Comment – No Materials \nConsent Matters\nItem 3 – Minutes of the May 15\, 2024 Regular Meeting\nApprove the minutes of the May 15\, 2024 Regular Meeting. \nItem 4 – Disability Retirement Applications\nAdopt Staff’s recommendations for the following Disability Retirement Applications: \nItem 4A – BRESLER\, Lorelei (Human Services Social Worker\, Health and Human Services): Grant a reciprocal service-connected disability retirement. (confidential) \nItem 4B – GRAEF\, Jeramie (Sanitation District Maintenance and Operations Assistant\, Sacramento Area Sewer District); Grant a service-connected disability retirement. (confidential) \nItem 4C –  JENKINS\, Kenneth\, (Deputy Sheriff\, Sheriff’s Department); Grant a service-connected disability retirement. (confidential) \nItem 4D –  JONES\, Shaelomena (Human Services Specialist II/Employment Advisor\, Department of Human Assistance): Grant a non-service-connected disability retirement. (confidential) \nItem 5 – Ratification of Service Retirement Application Approvals—May 2024\nRatify the service retirement applications that were finalized in May 2024. \nItem 6 – State Association of County Retirement Systems Legislative Update—June 2024\nReceive and file the State Association of County Retirement Systems (SACRS) Legislative Update for June 2024. \nItem 7 – Board Policies\nRe-affirm the following policy: \nItem 7A – Membership Policy \nItem 8 – Sacramento County 2024-25 Contribution Prepayment\nApprove Sacramento County’s intent to prepay the employer contribution for the 2024-25 fiscal year. \nItem 9 – Monthly Report of Investment Activity—May 2024\nReceive and file the Monthly Report of Investment Activity for May 2024. \nExecutive Reports\nItem 10 – Chief Executive Officer’s Report – No Materials \nItem 11 – Chief Investment Officer’s Report – No Materials \nItem 12 – Chief Benefits Officer’s Report – No Materials \nAdministrative Matters\nItem 13 – Actuarial Services\nApprove actuarial services agreement with Segal through June 30\, 2027\, and authorize the Chief Executive Officer to execute any necessary documents. \nInvestment Matters\nItem 14 – Quarterly Investment Performance Report—Alternative Assets\nReceive and file the performance report for the quarter ended March 31\, 2024 for the Absolute Return portfolio\, and the quarter ended December 31\, 2023 for the Private Equity\, Private Credit\, and Real Assets portfolios\, as presented by Cliffwater\, LLC. \nItem 15 – Quarterly Investment Performance Report—Real Estate\nReceive and file performance report on real estate investments for quarter ended March 31\, 2024\, as presented by Townsend Group. \nItem 16 – Alternative Assets Consultant Services\nApprove amendment to consulting services agreement with Cliffwater\, LLC through June 30\, 2026\, in an amount not to exceed $1\,000\,000 and authorize the Chief Executive Officer to execute any necessary documents. \nOther Matters\nItem 17 – Comments from Members of the Board of Retirement – No Materials \nClosed Session\nItem 18 – CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION (confidential)\nPursuant 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.\, Sacramento County Superior Court Case No. 24CV007762. \nItem 19 – PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS (confidential)\nPursuant 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. \nAdjournment​
URL:https://www.scers.gov/event/board-meeting-june-20-2024/
LOCATION:SCERS Board Room\, 980 9th Street\, Sacramento\, CA\, 95814
CATEGORIES:Board Meetings
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/Los_Angeles:20240613T110000
DTEND;TZID=America/Los_Angeles:20240613T110000
DTSTAMP:20260430T070013
CREATED:20260304T214130Z
LAST-MODIFIED:20260304T221255Z
UID:10000072-1718276400-1718276400@www.scers.gov
SUMMARY:Board Meeting - Audit Committee - June 13\, 2024
DESCRIPTION:Agenda\nMinutes \nOpen Session\nItem 1 – Call to Order/Roll Call – No Materials \nItem 2 – Public Comment – No Materials \nItem 3 – Annual Independent Financial Statement Audit Timeline\nDiscussion of the timeline related to SCERS’ Annual Independent Financial Statement Audit as of and for the fiscal year ended June 30\, 2024\, as presented by Brown Armstrong Accountancy Corporation. Information only. \nItem 4 – Risk Assessment Project\nDiscussion of the timeline related to risk assessment project and internal audit program. Information only. \nItem 5 – Comments from Members of the Audit Committee – No Materials \nAdjournment​
URL:https://www.scers.gov/event/board-meeting-audit-committee-june-13-2024/
LOCATION:SCERS Board Room\, 980 9th Street\, Sacramento\, CA\, 95814
CATEGORIES:Board Meetings
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/Los_Angeles:20240515T100000
DTEND;TZID=America/Los_Angeles:20240515T100000
DTSTAMP:20260430T070013
CREATED:20260304T214438Z
LAST-MODIFIED:20260304T221225Z
UID:10000073-1715767200-1715767200@www.scers.gov
SUMMARY:Board Meeting May 15\, 2024
DESCRIPTION:Agenda \nMinutes \nOpen Session\nItem 1 – Call to Order/Roll Call – No Materials \nItem 2 – Public Comment – No Materials \nConsent Matters\nItem 3 – Minutes of the April 17\, 2024 Regular Meeting\nApprove the minutes of the April 17\, 2024 Regular Meeting. \nItem 4 – Disability Retirement Applications\nAdopt Staff’s recommendations for the following Disability Retirement Applications: \nItem 4A – CAMPOS\, Jaime (Collection Equipment Operator II\, Waste Management and Recycling):    Grant a service-connected disability retirement. (confidential) \nItem 4B – EVENSON\, Crystal (Human Services Specialist\, Department of Human Assistance): Grant a service-connected disability retirement. (confidential) \nItem 4C – SHRADER\, Ann (Associate Teacher/Infant Toddler\, Sacramento Employment and Training Agency): Grant a non-service-connected disability retirement. (confidential) \nItem 4D – WITTE\, Joshua (Deputy Sheriff\, Sheriff’s Department): Grant a service-connected disability retirement. (confidential) \nAdopt Proposed Decision of Administrative Law Judge for the following Disability Retirement Application: \nItem 4E – GUIBORD\, Ronald (Senior Highway Maintenance Worker\, Sacramento County Airports): Deny a service-connected disability retirement. (confidential) \nItem 5 – Ratification of Service Retirement Application Approvals—April 2024\nRatify the service retirement applications that were finalized in April 2024. \nItem 6 – State Association of County Retirement Systems Legislative Update—May 2024\nReceive and file the State Association of County Retirement Systems (SACRS) Legislative Update for May 2024. \nItem 7 – Portfolio Allocation and Rebalancing Report––First Quarter 2024\nReceive and file the Portfolio Allocation and Rebalancing Report for quarter ended March 31\, 2024. \nItem 8 – Monthly Report of Investment Activity—April 2024\nReceive and file the Monthly Report of Investment Activity—April 2024. \nExecutive Reports\nItem 9 – Chief Executive Officer’s Report – No Materials \nItem 10 – Chief Investment Officer’s Report – No Materials \nItem 11 – Chief Benefits Officer’s Report – No Materials \nBenefit Matters\nItem 12 – Error Correction Policy\nApprove amendments to Error Correction Policy for clarity and conformity with IRS regulations. \nAdministrative Matters\nItem 13 – Cash Management Policy\nAmend Cash Management Policy to establish parameters for cash held in County’s Pooled Investment Fund. \nInvestment Matters\nItem 14 – Total Fund Investment Performance Report—First Quarter 2024\nReceive and file the SCERS Total Investment Performance Review report for the quarter ended March 31\, 2024\, as presented by Verus Advisory. \nItem 15 – Education: Real Assets and Real Estate Asset Classes\nReceive and file presentations on the Real Assets and Real Estate asset classes. \nOther Matters\nItem 16 – Comments from Members of the Board of Retirement – No Materials \nClosed Session\nItem 17 – CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION (confidential)\nPursuant 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.\, Sacramento County Superior Court Case No. 24CV007762. \nItem 18 – CONFERENCE WITH LEGAL COUNSEL—ANTICIPATED LITIGATION (confidential)\nPursuant to Government Code Section 54956.9(d)(4)\, this session shall be closed for the Board to discuss amicus briefing in formally initiated litigation to which SCERS is not a party: Ventura County Employees’ Retirement Association v. Criminal Justice Attorneys Association of Ventura County\, et al.\, California Supreme Court Case No. S283978. \nItem 19 – PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS (confidential)\nPursuant 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. \nAdjournment​
URL:https://www.scers.gov/event/board-meeting-may-15-2024/
LOCATION:SCERS Board Room\, 980 9th Street\, Sacramento\, CA\, 95814
CATEGORIES:Board Meetings
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/Los_Angeles:20240417T100000
DTEND;TZID=America/Los_Angeles:20240417T100000
DTSTAMP:20260430T070013
CREATED:20260304T214912Z
LAST-MODIFIED:20260304T221202Z
UID:10000074-1713348000-1713348000@www.scers.gov
SUMMARY:Board Meeting April 17\, 2024
DESCRIPTION:Agenda\nMinutes \nOpen Session\nItem 1 – Call to Order/Roll Call – No Materials \nItem 2 – Public Comment – No Materials \nConsent Matters\nItem 3 – Minutes of the March 20\, 2024 Regular Meeting\nApprove the minutes of the March 20\, 2024 Regular Meeting. \nItem 4 – Disability Retirement Applications\nAdopt Staff’s recommendations for the following Disability Retirement Applications: \nItem 4A – POMPEI\, Rhonda (Deputy Clerk III\, Superior Court): Grant a non-service-connected disability retirement. (confidential) \nItem 5 – Ratification of Service Retirement Application Approvals—March 2024\nRatify the service retirement applications that were finalized in March 2024. \nItem 6 – State Association of County Retirement Systems Legislative Update—April 2024\nReceive and file the State Association of County Retirement Systems (SACRS) Legislative Update for April 2024. \nItem 7 – State Association of County Retirement Systems—Board of Directors Election\nApprove the election of officers for the 2024-25 State Association of County Retirement Systems (SACRS) Board of Directors\, as recommended by the SACRS Nominating Committee. \nItem 8 – Board Policies\nRe-affirm the following policies with minor\, non-substantive amendments: \nItem 8A – Missing Member/Beneficiary Location Policy \nItem 8B – Recognized Retiree Organization Policy \nItem 8C – Actuarial Funding Policy \nItem 8D – Interest Crediting and Unallocated Earnings Policy \nItem 9 – Quarterly CEO Delegated Authority Expense Report—First Quarter 2024\nReceive and file the Quarterly CEO Delegated Authority Expense Report for the quarter ended March 31\, 2024. \nItem 10 – Quarterly Investment Manager Compliance and Watch List Report—First Quarter 2024\nReceive and file the Quarterly Investment Manager Compliance and Watch List Report for the quarter ended March 31\, 2024. \nItem 11 – Monthly Report of Investment Activity—March 2024\nReceive and file the Monthly Report of Investment Activity—March 2024 \nExecutive Reports\nItem 12 – Chief Executive Officer’s Report – No Materials \nItem 13 – Chief Investment Officer’s Report – No Materials \nItem 14 – Chief Benefits Officer’s Report – No Materials \nAdministrative Matters\nItem 15 – Actuarial Smoothing Options\nReceive and file presentation from Segal regarding actuarial smoothing options. \nItem 16 – Annual Budget for Fiscal Year 2024-25\nApprove an annual budget of approximately $21.5 million and 76 positions for fiscal year 2024-25. \nItem 17 – Quarterly Strategic Management Plan Report—First Quarter 2024\nReceive and file Quarterly Strategic Management Plan Report for the quarter ended March 31\, 2024. \nItem 18 – Quarterly Technology Report—First Quarter 2024\nReceive and file Quarterly Technology Report for the quarter ended March 31\, 2024. \nInvestment Matters\nItem 19 – Education: Private Equity and Private Credit Asset Classes\nReceive and file presentations on Private Equity and Private Credit asset classes. \nOther Matters\nItem 20 – Comments from Members of the Board of Retirement – No Materials \nClosed Session\nItem 21 – CONFERENCE WITH LEGAL COUNSEL—ANTICIPATED LITIGATION (confidential)\nPursuant to Government Code Section 54956.9(d)(2)\, this session shall be closed for the Board to discuss significant exposure to litigation to which SCERS may be a party in one (1) case. \nItem 22 – PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS (confidential)\nPursuant 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. \nAdjournment​
URL:https://www.scers.gov/event/board-meeting-april-17-2024/
LOCATION:SCERS Board Room\, 980 9th Street\, Sacramento\, CA\, 95814
CATEGORIES:Board Meetings
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/Los_Angeles:20240320T100000
DTEND;TZID=America/Los_Angeles:20240320T100000
DTSTAMP:20260430T070013
CREATED:20260304T215951Z
LAST-MODIFIED:20260304T221136Z
UID:10000075-1710928800-1710928800@www.scers.gov
SUMMARY:Board Meeting March 20\, 2024
DESCRIPTION:Agenda\nMinutes \nOpen Session\nItem 1 – Call to Order/Roll Call – No Materials \nItem 2 – Public Comment – No Materials \nConsent Matters\nItem 3 – Minutes of the February 21\, 2024 Regular Meeting\nApprove the minutes of the February 21\, 2024 Regular Meeting. \nItem 4 – Disability Retirement Applications\nAdopt Staff’s recommendations for the following Disability Retirement Applications: \nItem 4A – LEAHY-GRAHAM\, Megan (Assistant Deputy Clerk/Recorder\, County Clerk/Recorder): Grant a non-service-connected disability retirement. (confidential) \nItem 4B – ROBERTSON\, Michael (Sheriff Sergeant\, Sheriff’s Department): Grant a service-connected disability retirement. (confidential) \nItem 5 – Ratification of Service Retirement Application Approvals—February 2024\nRatify the service retirement applications that were finalized in February 2024. \nItem 6 – State Association of County Retirement Systems Legislative Update—March 2024\nReceive and file the State Association of County Retirement Systems (SACRS) Legislative Update for March 2024. \nItem 7 – Board Policies\nApprove amendments to or re-affirm the following Board Policies. \nItem 7A – Alternative Asset Investment Standard of Care Policy \nItem 7B – Board and Staff Trading Policy \nItem 7C – Electronic Signatures Policy \nItem 8 – Monthly Report of Investment Activity—March 2024\nReceive and file the Monthly Report of Investment Activity—March 2024 \nExecutive Reports\nItem 9 – Chief Executive Officer’s Report – No Materials \nItem 10 – Chief Investment Officer’s Report – No Materials \nItem 11 – Chief Benefits Officer’s Report – No Materials \nAdministrative Matters\nItem 12 – CEO Delegated Authority Policy for Expenses\nApprove amendments to CEO Delegated Authority Policy for Expenses regarding travel reimbursement and other clarifications. \nItem 13 – 2024-25 Budget Preview\nReceive and file presentation regarding anticipated changes in SCERS’ 2024-25 annual budget. \nInvestment Matters\nItem 14 – Global Equity: Manager Recommendation\nApprove an investment of approximately $130 million with Arrowstreet Capital LP (ACWI Alpha Extension 130/30/20 strategy) and authorize the Chief Executive Officer to execute any necessary documents or agreements; and\, authorize Staff to determine the most effective method for transitioning assets and execute any necessary documents or agreements to effectuate the transition of assets. \nItem 15 – Proxy Voting Policy\nApprove amendments to Proxy Voting Policy to permit investment managers to vote proxies on SCERS’ behalf in certain circumstances. \nItem 16 – Annual Investment Operations Report\nReceive and file Annual Investment Operations Report for 2023. \nItem 17 – Quarterly Investment Performance Report—Alternative Assets\nReceive and file the performance report for the periods ended December 31\, 2023 for the Absolute Return portfolio\, and the periods ended September 30\, 2023 for the Private Equity\, Private Credit\, and Real Assets portfolios\, as presented by Cliffwater\, LLC. \nItem 18 – Quarterly Investment Performance Report—Real Estate\nReceive and file the performance report on real estate investments for the quarter ended December 31\, 2023\, as presented by Townsend Group. \nItem 19 – Education: Absolute Return Asset Class\nReceive and file presentation on Absolute Return asset class. \nOther Matters\nItem 20 – Comments from Members of the Board of Retirement – No Materials \nClosed Session\nItem 21 – CONFERENCE WITH LEGAL COUNSEL—ANTICIPATED LITIGATION (confidential)\nPursuant to Government Code Section 54956.9(d)(2)\, this session shall be closed for the Board to discuss significant exposure to litigation to which SCERS may be a party in one (1) case. \nItem 22 – PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS (confidential)\nPursuant 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. \nAdjournment​
URL:https://www.scers.gov/event/board-meeting-march-20-2024/
LOCATION:SCERS Board Room\, 980 9th Street\, Sacramento\, CA\, 95814
CATEGORIES:Board Meetings
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/Los_Angeles:20240221T100000
DTEND;TZID=America/Los_Angeles:20240221T100000
DTSTAMP:20260430T070013
CREATED:20260304T220320Z
LAST-MODIFIED:20260304T221101Z
UID:10000076-1708509600-1708509600@www.scers.gov
SUMMARY:Board Meeting February 21\, 2024
DESCRIPTION:Agenda\nMinutes \nOpen Session\nItem 1 – Call to Order/Roll Call – No Materials \nItem 2 – Public Comment – No Materials \nConsent Matters\nItem 3 – Minutes of the January 17\, 2024 Regular Meeting\nApprove the minutes of the January 17\, 2024 Regular Meeting. \nItem 4 – Disability Retirement Applications\nAdopt Staff’s recommendations for the following Disability Retirement Applications: \nItem 4A – ALEJANDRE\, Victor (Deputy Sheriff\, Sheriff’s Department):  Grant a service-connected disability retirement. (confidential) \nItem 4B – ALLEN\, Heather (Human Services Social Worker\, Department of Human Assistance):  Grant a non-service-connected disability retirement. (confidential) \nItem 4C – FREITAS\, Trenton (Code Enforcement Officer II\, Code Enforcement): Grant a service-connected disability retirement. (confidential) \nItem 4D – LOPEZ\, Eduardo (Assistant Probation Officer\, Probation Department): Grant a service-connected disability retirement. (confidential) \nItem 4E – MARTINEZ\, Elliott (Deputy Sheriff\, Sheriff’s Department): Grant a service-connected disability retirement. (confidential) \nItem 4F – PEOPLES\, Cory (Deputy Sheriff\, Sheriff’s Department): Grant a service-connected disability retirement with corrected effective date. (confidential) \nItem 4G – REDDING\, Julie (Sheriff’s Security Officer\, Sheriff’s Department): Grant a service-connected disability retirement. (confidential) \nItem 5 – Ratification of Service Retirement Application Approvals—January 2024\nRatify the service retirement applications that were finalized in January 2024. \nItem 6 – State Association of County Retirement Systems Legislative Update—February 2024\nReceive and file the State Association of County Retirement Systems (SACRS) Legislative Update for February 2024. \nItem 7 – Annual Cost-of-Living Adjustment (COLA)\nApprove COLA adjustments effective April 1\, 2024. \nItem 8 – Portfolio Allocation and Rebalancing Report—Fourth Quarter 2023\nReceive and file the Portfolio Allocation and Rebalancing Report for quarter ended December 31\, 2023. \nItem 9 – Monthly Report of Investment Activity—January 2024\nReceive and file the Monthly Report of Investment Activity for January 2024. \nExecutive Reports\nItem 10 – Chief Executive Officer’s Report – No Materials \nItem 11 – Chief Investment Officer’s Report – No Materials \nItem 12 – Chief Benefits Officer’s Report – No Materials \nAdministrative Matters\nItem 13 – Strategic Management Plan Annual Report\nReceive and file the Strategic Management Plan Annual Report for 2023​. \nItem 14 – Sacramento Area Sewer District Pension Protection Act\nApprove a “support\, if amended” position on legislation regarding the allocation of pension assets and liabilities\, and treatment of pension benefits\, for the reorganized Sacramento Area Sewer District  \nBenefit Matters\nItem 15 – Administrative Appeals Policy\nApprove amendments to SCERS’ Appeal of SCERS’ Administrative Decision Policy. \nInvestment Matters\nItem 16 – Master Investment Policy Statement\nApprove amendments to the Master Investment Policy Statement regarding investment considerations involving environmental\, social\, and governance factors. \nItem 17 – Dedicated Cash Allocation—Implementation Strategy\nReallocate dedicated cash allocation from State Street Demand Deposit Account to State Street Government Short Term Investment Fund. \nItem 18 – Securities Litigation Policy\nApprove amendments to Securities Litigation Policy. \nItem 19 – Consultant Contract Timelines\nReceive and file report on contract terms for consultant relationships. \nItem 20 – Total Fund Investment Performance Review Report—Fourth Quarter 2023\nReceive and file the SCERS Total Investment Performance Review report\, prepared by Verus Advisory\, for the quarter ended December 31\, 2023. \nItem 21 – Education: Global Equity and Fixed Income Asset Classes\nReceive and file presentations on Global Equity and Fixed Income asset classes. \nOther Matters\nItem 22 – Comments from Members of the Board of Retirement – No Materials \nClosed Session\nItem 23 – CONFERENCE WITH LEGAL COUNSEL—ANTICIPATED LITIGATION (confidential)\nPursuant to Government Code Section 54956.9(d)(2)\, this session shall be closed for the Board to discuss significant exposure to litigation to which SCERS may be a party in one (1) case. \nItem 24 – PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS (confidential)\nPursuant 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. \nAdjournment​
URL:https://www.scers.gov/event/board-meeting-february-21-2024/
LOCATION:SCERS Board Room\, 980 9th Street\, Sacramento\, CA\, 95814
CATEGORIES:Board Meetings
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BEGIN:VEVENT
DTSTART;TZID=America/Los_Angeles:20240117T100000
DTEND;TZID=America/Los_Angeles:20240117T100000
DTSTAMP:20260430T070014
CREATED:20260304T221012Z
LAST-MODIFIED:20260304T221019Z
UID:10000077-1705485600-1705485600@www.scers.gov
SUMMARY:Board Meeting January 17\, 2024
DESCRIPTION:Agenda\nMinutes \nOpen Session\nItem 1 – Call to Order/Roll Call – No Materials \nItem 2 – Public Comment – No Materials \nConsent Matters\nItem 3 – Minutes of the December 6\, 2023 Regular Meeting\nRecommendation to approve the minutes of the December 6\, 2023 Regular Meeting. \nItem 4 – Disability Retirement Applications\nRecommendation to adopt Staff’s recommendations for the following Disability Retirement Applications: \nItem 4A – AAKHUS\, James (Senior Highway Maintenance Worker\, Department of Transportation):  Grant a service-connected disability retirement. (confidential) \nItem 4B – BEESON\, Cambron (Deputy Sheriff\, Sheriff’s Department):  Grant a service-connected disability retirement. (confidential) \nItem 4C – CAMPOY\, Joseph (Deputy Sheriff\, Sheriff’s Department): Grant a service-connected disability retirement. (confidential) \nItem 4D – GIL\, Stephanie (Sheriff Communication Dispatcher II\, Sheriff’s Department): Grant a service-connected disability retirement. (confidential) \nItem 4E – NEWLAND\, Colleen (Sheriff’s Community Services Officer\, Sheriff’s Department): Grant a service-connected disability retirement. (confidential) \nItem 4F – OLIVES\, Tosca (Deputy Sheriff\, Sheriff’s Department): Grant a service-connected disability retirement. (confidential) \nItem 4G – PEOPLES\, Cory (Deputy Sheriff\, Sheriff’s Department): Grant a service-connected disability retirement. (confidential) \nItem 4H – REYES\, Carlos (Deputy Sheriff\, Sheriff’s Department): Grant a service-connected disability retirement. (confidential) \nItem 4I – SNOW\, Kent (Airport Operations Worker\, Airports): Grant a non-service-connected disability retirement. (confidential) \nItem 4J – SILVA\, Richard (Maintenance and Operations Assistant\, Sacramento Area Sewer District): Deny a service-connected disability retirement. (confidential) \nItem 5 – Felony Forfeiture Review\nAdopt Staff’s recommendation for the following Felony Forfeiture Review​: \nItem 5A – MARIN\, Edward (Human Services Specialist\, Department of Human Assistance): Finding of no forfeiture. \nItem 6 – Ratification of Service Retirement Application Approvals—November and December 2023\nRatify the service retirement applications that were finalized in November and December 2023. \nItem 7 – State Association of County Retirement Systems Legislative Update—January 2024\nReceive and file the State Association of County Retirement Systems (SACRS) Legislative Update for January 2024. \nItem 8 – Annual Board Education Compliance Report\nReceive and file the annual Board Education Compliance Report for 2023. \nItem 9 – Quarterly CEO Delegated Authority Expense Report—Fourth Quarter 2023\nReceive and file the Quarterly CEO Delegated Authority Expense Report for quarter ended December 31\, 2023. \nItem 10 – Annual Comprehensive Financial Report\nReceive and file the SCERS Annual Comprehensive Financial Report (the ACFR) based on the audited financial statements and auditor reports as of and for the fiscal year ended June 30\, 2023\, issued by SCERS’ independent auditor\, Brown Armstrong Accountancy Corporation (Brown Armstrong). \nItem 11 – Board Policies\nRe-affirm the following policies with no substantive changes: \nItem 11A – CEO Performance Evaluation Policy \nItem 11B – Retirement Board Election Policy \nItem 11C – Subrogation Claims Policy \nItem 11D – Board and Staff Personal Information Policy \nItem 12 – Quarterly Investment Manager Compliance and Watch List Report—Fourth Quarter 2023\nReceive and file the Quarterly Investment Manager Compliance and Watch List Report for the quarter ended December 31\, 2023. \nItem 13 – Monthly Report of Investment Activity—December 2023\nReceive and file the Monthly Report of Investment Activity for December 2023​. \nExecutive Reports\nItem 14 – Chief Executive Officer’s Report – No Materials \nItem 15 – Chief Investment Officer’s Report – No Materials \nItem 16 – Chief Benefits Officer’s Report – No Materials \nInvestment Matters\nItem 17 – Investment Counsel Legal Services Agreement\nApprove an extension of legal services agreement with Foley & Lardner LLP through January 31\, 2027\, in an amount not to exceed a total of $825\,000 and authorize the CEO to execute any necessary documents​. \nItem 18 – Master Investment Policy Statement\nAmend Master Investment Policy Statement regarding investment considerations involving environmental\, social\, and governance factors​.  \nItem 19 – Education: ALM Study Overview\nReceive and file the Asset Liability Modeling (ALM) Study Overview education presentation by SCERS’ staff and general investment consultant\, Verus Advisory. \nAdministrative Matters\nItem 20 – Litigation Counsel Legal Services Agreement\nApprove amendment to legal services agreement with Nossaman LLP to increase the annual fiscal year not-to-exceed amount from $675\,000 to $875\,000 and authorize the CEO to execute any necessary documents. \nOther Matters\nItem 21 – Comments from Board Members of the Board of Retirement – No Materials \nClosed Session\nItem 22 – Conference with Legal Counsel – Anticipated Litigation (confidential)\nPursuant to Government Code Section 54956.9(d)(2)\, this session shall be closed for the Board to discuss significant exposure to litigation to which SCERS may be a party in one (1) case. \nItem 23 – Conference with Legal Counsel – Anticipated Litigation (confidential)\nVentura County Employees’ Retirement Association v. Criminal Justice Attorneys Association of Ventura County\, et al. Second District Court of Appeals Case No. B325277 Pursuant to Government Code Section 54956.9(d)(4)\, this session shall be closed for the Board to discuss a request for publication of opinion. \nItem 24 – Personnel Matters – Employee Disability Retirement Applications (confidential)\nPursuant 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.
URL:https://www.scers.gov/event/board-meeting-january-17-2024/
LOCATION:SCERS Board Room\, 980 9th Street\, Sacramento\, CA\, 95814
CATEGORIES:Board Meetings
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END:VCALENDAR