Board Meeting October 21, 2026

Wednesday, October 21, 2026
10:00 am

If you wish to watch the meeting, you can connect using Zoom here. You can only address the Board in person.

Agenda

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

Item 2 – Public Comment – No Materials

Consent Matters

Item 3 – Minutes of the September 15, 2026 Special Board Meeting
Approve the minutes of the September 15, 2026 Special Board Meeting.

Item 4 – Minutes of the September 16, 2026 Regular Board Meeting
Approve the minutes of the September 16, 2026 Regular Board Meeting.

Item 5 – Disability Retirement Applications
A. ESPINETA, Joseph (Sanitation District Maintenance and Operations Technician, Sacramento Area Sewer District): Grant a service-connected disability retirement.

Item 6 –Ratification of Service Retirement Application Approvals—September 2026
Ratify the service retirement applications that were finalized in September 2026.

Item 7 – State Association of County Retirement Systems Legislative Update—October 2026
Receive and file the State Association of County Retirement Systems (SACRS) Legislative Update for October 2026.

Item 8 – CEO Delegated Authority Expense Report—Third Quarter 2026
Receive and file the CEO Delegated Authority Expense Report for the quarter ended September 30, 2026

Item 9 – Sick Leave Conversion Policy
Approve clarifying and conforming amendments to the Sick Leave Conversion Policy.

Item 10 – Monthly Report of Investment Activity—September 2026
Receive and file the Monthly Report of Investment Activity for September 2026.

Executive Reports

Item 11 – Chief Executive Officer’s Report (no action requested)

Item 12 – Chief Investment Officer’s Report
Receive and file Chief Investment Officer’s Report for the quarter ended September 30, 2026.

Item 13 – Chief Benefits Officer’s Report (no action requested)

Administrative Matters

Item 14 – Pension Administration System Review
Receive and file report on Gartner’s independent review of the LRS PensionGold Pre-Engagement Analysis and Implementation Proposal.

Item 15 – Technology Report—Third Quarter 2026
Receive and file Technology Report for the quarter ended September 30, 2026.

Item 16 – State Association of County Retirement Systems 2027 Proposed Legislation
Approve legislative proposals for 2027, as recommended by the SACRS Board of Directors.

Benefits Matters

Item 17 – Education: Retiree Cost-of-Living Adjustments
Receive and file educational presentation on the Cost-of-Living Adjustment (COLA) framework under the County Employees Retirement Law of 1937 (CERL).

Investment Matters

Item 18 – Investment Manager Compliance and Watch List Report—Third Quarter 2026
Receive and file the Investment Manager Compliance and Watch List Report for the quarter ended September 30, 2026.

Other Matters

Item 19 – Comments from Members of the Board of Retirement

Closed Session

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: SCERS vs. Telus Health (US) Ltd., United States District Court, Eastern District of California, Case No. 2:24-cv-01431-JAM-DB.

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 5, above. This item will be withdrawn in whole or in part if approved on Consent as recommended by staff.

Adjournment