Finance & Administration Committee - June 17, 2026

This committee ensures financial soundness through oversight of financial statements and reporting and all budget matters and oversees the organization's Strategic and Business Plans.

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

Items designated for Information are appropriate for Committee Action if the Committee wishes to take action. Any Agenda Item from a properly noticed Committee meeting may be considered by the Board at a subsequent Board meeting. 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. Public comment may be taken on agenda items in accordance with applicable law. There is a three-minute limitation on each public comment, unless otherwise directed by the Presiding Officer. (Cal. Code Regs. tit 2, § 552.1.) Members of the public may provide public comment via telephone by calling (800) 259-4105. Board members may attend meetings of committees of which they are not members and participate in the discussions during those meetings. In accordance with Government Code section 11123.2 (amended by Stats. 2025, ch. 222, § 1), Board members may participate remotely via teleconference.

Meeting Agenda for June 17, 2026

Open Session

8:45 a.m.

Or Upon adjournment of the Risk & Audit Committee – Whichever is Later.

1. Item
   1. Call to Order and Roll Call (PDF)
   2. Executive Report (PDF) – Michele Nix
   3. Action Consent Items – Michele Nix
      1. Approval of the June 17, 2026, Finance and Administration Timed Agenda (PDF)
      2. Approval of the April 13, 2026, Finance and Administration Meeting Minutes (PDF)
   4. Information Consent Items – Michele Nix
      1. Annual Calendar Review (PDF)
      2. Draft Agenda for the September 15, 2026 Finance and Administration Meeting Minutes (PDF)  
   5. Action Agenda Items
      1. Asset Liability Management: Second Reading Judges, Judges II and Legislators Actuarial Assumptions (PDF) – Scott Terando, Randy Dziubek, Kurt Schneider 
         1. Attachment 1 (PDF) - Asset Liability Management, Judges, Judges II and LRS Presentation
         2. Attachment 2 (PDF) - 2025 JRS II Experience Study Report
   6. Information Agenda Items
      1. Summary of Committee Direction – Michele Nix 
      2. Public Comment 
   7. Adjournment of Meeting