May 17, 2023 10:00 a.m.


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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 19, 2023 Regular Meeting

Item 4 – Ratification of Service Retirement Application Approvals – April 2023

Item 5 – State Association of County Retirement Systems Legislative Update – May 2023

Item 6 - Monthly Report of Investment Activity - April 2023

Item 7 – Trading Cost Analysis Report – First Quarter 2023

Item 8 – Proxy Voting Activity Report – First Quarter 2023

Item 9 - Portfolio Allocation and Rebalancing Report - First Quarter 2023

Executive Reports

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

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

Benefits Matters

Item 12CEO Delegated Authority Policy for Personnel
Recommendation to approve new policy to formalize existing practices regarding the Chief Executive Officer’s authority for personnel matters.

Item 13Retiree Self-Service Portal
Recommendation to authorize Chief Executive Officer to enter into agreement with County Department of Technology to develop a retiree self-service portal.

Investment Matters

Item 14 - Total Fund Investment Performance Report – First Quarter 2023
Recommendation to receive and file the SCERS Total Investment Performance Review report for the quarter ended March 31, 2023, as presented by Verus Advisory.

Item 15 - Education:  Global Markets Outlook
Recommendation to receive and file an educational presentation by Global Markets Outlook, as presented by J.P. Morgan.

Closed Session

Item 16 – Public Employee Appointments (confidential)
Pursuant to Government Code section 54957(b)(1), this session shall be closed for the Board to discuss the following public employee appointments:

  • Assistant Retirement Administrator-Enterprise Solutions Management (Chief Technology Officer)

Item 17 – Conference with Legal Counsel – Anticipated Litigation (confidential)
Pursuant 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.