CalPERS

Board of Administration Agenda

The CalPERS Board of Administration considers recommendations from individual Board committees and hears other matters related to the administration of retirement benefits and investment management.

(Agenda items are provided in a PDF format, which require Adobe Reader 8 or higher to view.)

Meeting Agenda for May 18, 2015

8:30 a.m. - Closed Session

  1. Chief Executive Officer's Briefing on Performance, Employment, and Personnel Issues
    (Gov. Code sections 11126(a)(1), (e), and (g)(1))

Meeting Agenda for May 20, 2015

8:30 a.m. - Closed Session

  1. Chief Executive Officer's Briefing on Performance, Employment, and Personnel Issues
    (Gov. Code sections 11126(a)(1), (e), and (g)(1))

9:00 a.m. - Open Session

Or Upon Adjournment or Recess of the Board Closed Session, Whichever is Later

  1. Agenda Items
    1. Call to Order and Roll Call
    2. Pledge of Allegiance
    3. Board President's Report (Oral Report) Rob Feckner
    4. Executive Reports
      1. Chief Executive Officer's Report (Oral Report) Anne Stausboll
      2. Chief Investment Officer's Report (Oral Report) Ted Eliopoulos
    5. Consent Items
      Action Consent Items:Rob Feckner
      1. Approval of the April 15, 2015 Board of Administration Meeting Minutes
      2. Board Travel Approvals
    6. Consent Items
      Information Consent Items
      1. Board Meeting Calendar
      2. Draft Agenda for the June 17, 2015 Board of Administration Meeting
      3. General Counsel's Report
        1. Attachment A
      4. External Affairs Report
        1. Attachment 1
        2. Attachment 2
    7. Committee Reports and Actions
      1. Investment Committee (Oral Report) Henry Jones
      2. Pension and Health Benefits Committee (Oral Report) Priya Mathur
      3. Finance and Administration Committee (Oral Report) Richard Costigan
      4. Performance, Compensation & Talent Management Committee (Oral Report) Michael Bilbrey
      5. Risk and Audit Committee (Oral Report) Ron Lind
      6. Board Governance Committee (Oral Report) Bill Slaton
      7. Global Governance Policy Ad Hoc Committee (Oral Report) Henry Jones
  2. Action Agenda Items
    1. Proposed Decisions of Adminitrative Law Judges Rob Feckner
      1. Edward Moore
        1. Attachment A
        2. Attachment B
        3. Attachment C
      2. Valentin Sunico
        1. Attachment A
        2. Attachment B
        3. Attachment C
      3. Nellie Diaz
        1. Attachment A
        2. Attachment B
        3. Attachment C
      4. Joseph A. Lujan
        1. Attachment A
        2. Attachment B
        3. Attachment C
      5. Deanna C. Lewis
        1. Attachment A
        2. Attachment B
        3. Attachment C
      6. George G. Mirabal
        1. Attachment A
        2. Attachment B
        3. Attachment C
  3. Information Agenda Items
    1. State Legislation Update Danny Brown
      1. Attachment 1
    2. Public Comment
Closed Session

Upon Adjournment or Recess of Open Session

    1. Litigation Matters (Gov. Code section 11126(e)) Matthew Jacobs
      1. In re: City of Stockton (U.S. Bankruptcy Court, Eastern District of CA, No. 12-32118); In re: City of San Bernardino (U.S. Bankruptcy Court, Central District of CA, No. 2-BK-28006)
      2. Sanchez, et al. v. CalPERS, et al. (Los Angeles County Superior Court No. BC517444)
      3. Centinela Capital Partners, LLC v. CalPERS, et al. (California Second District Court of Appeal No. B255256); Baez v. CalPERS et al. (California Second District Court of Appeal No. B252772); Centinela Capital Partners, LLC, et al. v. Credit Suisse, et al. (Los Angeles County Superior Court, No. BC532166)

Meeting Agenda for May 20, 2015

10:30 a.m. - Workshop

Or Upon Adjournment or Recess of the Board of Administration Closed Session, Whichever is Later

  1. Agenda Items
    1. ALM Workshop - Pension Funding Risk and Risk Mitigation StrategyCheryl Eason, Alan Milligan and Ted Eliopoulos
      1. Funding Risk and Risk Mitigation Workshop Presentation
    1. Overview
    2. Flexible Glide Path and Blended Guided Path
    3. Benefits and Costs of Risk Mitigation
    4. Board Discussion
    5. Next Steps
  • Notes

    1. Items designated for Information are appropriate for Board Action if the Board wishes to take action. Any Agenda Item from a properly noticed Committee meeting held immediately prior to this Board meeting may be considered by the Board.
    2. The hour designated as the earliest starting time for this meeting is not intended to communicate the expected duration (or ending time) of the preceding meeting.
    3. Public comment may be taken on any agenda item. There is a 3-minute limitation on each public comment, unless otherwise directed by the Board President.
    4. The Board may adjourn into Closed Session to deliberate on any Proposed Decision(s) or Petition(s) for Reconsideration.
  • Dated: 05-13-2015