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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 April 17, 2024 Regular Meeting
Approve the minutes of the April 17, 2024 Regular Meeting.

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

Item 4A - CAMPOS, Jaime (Collection Equipment Operator II, Waste Management and Recycling):    Grant a service-connected disability retirement. (confidential)

Item 4B - EVENSON, Crystal (Human Services Specialist, Department of Human Assistance): Grant a service-connected disability retirement. (confidential)

Item 4C - SHRADER, Ann (Associate Teacher/Infant Toddler, Sacramento Employment and Training Agency): Grant a non-service-connected disability retirement. (confidential)

Item 4D - WITTE, Joshua (Deputy Sheriff, Sheriff’s Department): Grant a service-connected disability retirement. (confidential)

Adopt Proposed Decision of Administrative Law Judge for the following Disability Retirement Application:

Item 4E - GUIBORD, Ronald (Senior Highway Maintenance Worker, Sacramento County Airports): Deny a service-connected disability retirement. (confidential)

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

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

Item 7 - Portfolio Allocation and Rebalancing Report––First Quarter 2024
Receive and file the Portfolio Allocation and Rebalancing Report for quarter ended March 31, 2024.

Item 8 – Monthly Report of Investment Activity—April 2024
Receive and file the Monthly Report of Investment Activity—April 2024.

Executive Reports

Item 9 - Chief Executive Officer’s Report – No Materials

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

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

Benefit Matters

Item 12 – Error Correction Policy
Approve amendments to Error Correction Policy for clarity and conformity with IRS regulations.

Administrative Matters

Item 13 – Cash Management Policy
Amend Cash Management Policy to establish parameters for cash held in County’s Pooled Investment Fund.

Investment Matters

Item 14 – Total Fund Investment Performance Report—First Quarter 2024
Receive and file the SCERS Total Investment Performance Review report for the quarter ended March 31, 2024, as presented by Verus Advisory.

Item 15 - Education: Real Assets and Real Estate Asset Classes
Receive and file presentations on the Real Assets and Real Estate asset classes.

Other Matters

Item 16 – Comments from Members of the Board of Retirement – No Materials

Closed Session

Item 17 – 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 18 – CONFERENCE WITH LEGAL COUNSEL—ANTICIPATED LITIGATION (confidential)
Pursuant 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.

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​