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Agenda

Open Session

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

Item 2 – Public Comment – No Materials

Consent Matters

Item 3 – Minutes of the May 15, 2024 Regular Meeting
Approve the minutes of the May 15, 2024 Regular Meeting.

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

Item 4A - BRESLER, Lorelei (Human Services Social Worker, Health and Human Services): Grant a reciprocal service-connected disability retirement. (confidential)

Item 4B - GRAEF, Jeramie (Sanitation District Maintenance and Operations Assistant, Sacramento Area Sewer District); Grant a service-connected disability retirement. (confidential)

Item 4C -  JENKINS, Kenneth, (Deputy Sheriff, Sheriff’s Department); Grant a service-connected disability retirement. (confidential)

Item 4D -  JONES, Shaelomena (Human Services Specialist II/Employment Advisor, Department of Human Assistance): Grant a non-service-connected disability retirement. (confidential)

Item 5 – Ratification of Service Retirement Application Approvals—May 2024
Ratify the service retirement applications that were finalized in May 2024.

Item 6 – State Association of County Retirement Systems Legislative Update—June 2024
Receive and file the State Association of County Retirement Systems (SACRS) Legislative Update for June 2024.

Item 7 - Board Policies
Re-affirm the following policy:

Item 7A – Membership Policy

Item 8 - Sacramento County 2024-25 Contribution Prepayment
Approve Sacramento County’s intent to prepay the employer contribution for the 2024-25 fiscal year.

Item 9 – Monthly Report of Investment Activity—May 2024
Receive and file the Monthly Report of Investment Activity for May 2024.

Executive Reports

Item 10 - Chief Executive Officer’s Report – No Materials

Item 11 - Chief Investment Officer’s Report – No Materials

Item 12 - Chief Benefits Officer’s Report – No Materials

Administrative Matters

Item 13 – Actuarial Services
Approve actuarial services agreement with Segal through June 30, 2027, and authorize the Chief Executive Officer to execute any necessary documents.

Investment Matters

Item 14 – Quarterly Investment Performance Report—Alternative Assets
Receive 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.

Item 15 - Quarterly Investment Performance Report—Real Estate
Receive and file performance report on real estate investments for quarter ended March 31, 2024, as presented by Townsend Group.

Item 16 - Alternative Assets Consultant Services
Approve 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.

Other Matters

Item 17 – Comments from Members of the Board of Retirement – No Materials

Closed Session

Item 18 – CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION (confidential)
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., Sacramento County Superior Court Case No. 24CV007762.

Item 19 – PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS (confidential)
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​