Ensures financial soundness through oversight of financial statements and reporting and all budget matters. 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.)

Meeting Agenda for December 19, 2017

View Open Session Meeting Transcript (PDF)

11:00 am - Open Session

Or Upon Adjournment of the Pension & Health Benefits Committee, Whichever is Later

Open Session

  1. Agenda Items
    1. Call to Order and Roll Call (PDF)
    2. Executive Report (Oral Report)Charles Asubonten
    3. Consent Items
      Action Consent Items:Charles Asubonten
      1. Approval of the November 14, 2017 Finance & Administration Meeting Minutes (PDF)
      2. Semi-Annual Contracting Prospective Report (PDF)
        1. Attachment 1 (PDF)
        2. Attachment 2 (PDF)
        3. Attachment 3 (PDF)
      3. Contracts Administration: Affirmation of Investment Manager Contracts Without Defined Duration (PDF)
        1. Attachment 1 (PDF)
        2. Attachment 2 (PDF)
    4. Consent Items
      Information Consent Items:Charles Asubonten
      1. 2017 Annual Calendar Review (PDF)
      2. 2018 Annual Calendar Review (PDF)
      3. Draft Agenda for the February 13, 2018 Finance & Administration Committee Meeting (PDF)
  2. Action Agenda Items
    1. Accounting, Financial Reporting, and Budgeting
      1. 2017-18 Mid-Year Budget Revisions (Second Reading) (PDF)Charles Asubonten
        1. Attachment 1 (PDF)
        2. Attachment 2 (PDF)
    2. Legislative Proposals
      1. Service Credit Purchase, Tier Conversion, and Redeposits (PDF)Brad Pacheco, Mary Anne Ashley, Donna Lum, Don Martinez (PDF)
      2. Proposed Modificatons to the Replacement Benefit Plan: Elimination of Replacement Benefit Fund (PDF) Brad Pacheco, Mary Anne Ashley, Anthony Suine, Jan Falzarano
    3. Actuarial Reporting
      1. Review of Actuarial Assumptions and Discount Rate Selection (PDF)Scott Terando, Randy Dziubek
        1. Attachment 1 (PDF)
        2. Attachment 2 (PDF)
        3. Attachment 3 (PDF)
        4. Attachment 4 (PDF)
  3. Information Agenda Items
    1. Program Management
      1. Reporting on Participating Employers (PDF)Charles Asubonten, Arnita Paige, Andy Nguyen
        1. Attachment 1
      2. Health Care Administrative Expenses (PDF)Liana Bailey-Crimmins, Rob Jarzombek
        1. Attachment 1 (PDF)
        2. Attachment 2 (PDF)
    2. Summary of Committee Direction (Oral Report)Charles Asubonten
    3. Public Comment


  1. 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, 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 three-minute limitation on each public comment, unless otherwise directed by the Committee Chair. (Cal. Code Regs., tit. 2, § 552.1.)
  4. Board Members may attend meetings of committees of which they are not members and participate in the discussions during those meetings.


CalPERS Headquarters
Robert F. Carlson Auditorium
Lincoln Plaza North
400 P Street
Sacramento, CA 95811

CalPERS Building Guide (PDF)


For your safety, attendees are screened upon entering the auditorium.