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 November 16, 2015

8:00 a.m. - Closed Session

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

Meeting Agenda for November 18, 2015

8:30 a.m. - Closed Session

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

9:00 a.m. - Open Session

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

  1. Agenda Items
    1. Call to Order and Roll Call (PDF)
    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 October 21, 2015 Board of Administration Meeting Minutes (PDF)
      2. Board Travel Approvals (PDF)
    6. Consent Items
      Information Consent Items:
      1. Board Meeting Calendar (PDF)
      2. Draft Agenda for December 16, 2015 Board of Administration Meeting (PDF)
      3. General Counsel's Report (PDF)
        1. Attachment A (PDF)
      4. Communications and Stakeholder Relations Report (PDF)
        1. Attachment 1 (PDF)
        2. Attachment 2 (PDF)
    7. Committee Reports and Actions
      1. Investment Committee (PDF) Henry Jones
      2. Pension & Health Benefits Committee (PDF) Priya Mathur
      3. Finance & Administration Committee (PDF) Richard Costigan
      4. Performance, Compensation & Talent Management Committee (Oral Report) Michael Bilbrey
      5. Performance, Compensation & Talent Management Subcommittee (PDF) Michael Bilbrey
        1. Attachment 1 (PDF)
      6. Risk & Audit Committee (PDF) Ron Lind
      7. Board Governance Committee (PDF) Bill Slaton
  2. Action Agenda Items
    1. Proposed Decisions of Adminitrative Law Judges (PDF) Rob Feckner
      1. Matthew Eisenman (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      2. Terry Smith (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      3. Revelina Talavera (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      4. Carol A. Gonzales (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      5. Phillip M. Thorman (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      6. Montell D. Pierce (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      7. Samantha C. Hendrix and Anne M. Hughes (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      8. Rebecca J. Gillmore (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      9. Simin Shirazi (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      10. Patricia L. Franzen (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      11. Socorro D. Licon (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      12. Foothill-De Anza Community College District (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      13. Martha Quintana (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      14. Carolyn L. Pye (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      15. Daniel V. Salinas (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      16. Roberta Almeida (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      17. Carlotta Luna (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      18. Phillip MacFarland (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
    2. Petitions for Reconsideration (PDF)Rob Feckner
      1. Robert B. Paxton, Danilo Lucila, Howard Skopec (Consolidated) (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
        4. Attachment D (PDF)
        5. Attachment E (PDF)
    3. Full Board HearingRob Feckner
      1. Bruce Malkenhorst (PDF)
        1. Attachment A – Staff's Argument (PDF)
        2. Attachment B – Respondent's Argument
          1. Respondent's Argument (PDF)
          2. Request to Supplement the Administrative Record (PDF)
        3. Attachment C – Procedures for Full Hearing, Notice of Hearing and Proof of Service (PDF)
        4. Attachment D – September 17, 2015 Board Agenda Item (PDF)
        5. Attachment E – Transcripts of Administrative Hearing and September 17, 2015 Board Meeting
          1. OAH Hearing Transcript (08/25/14) (PDF)
          2. OAH Hearing Transcript (08/26/14) (PDF)
          3. OAH Hearing Transcript (08/27/14) (PDF)
          4. OAH Hearing Transcript (09/03/14) (PDF)
          5. OAH Hearing Transcript (09/04/14) (PDF)
          6. OAH Hearing Transcript (02/19/15) (PDF)
          7. Board Meeting Transcript (09/17/15) (PDF)
        6. Attachment F – CalPERS Exhibits
          1. CalPERS Exhibit List (PDF)
          2. CalPERS Exhibit 1 (PDF)
          3. CalPERS Exhibit 2 (PDF)
          4. CalPERS Exhibit 3 (PDF)
          5. CalPERS Exhibit 4 (PDF)
          6. CalPERS Exhibit 5 (PDF)
          7. CalPERS Exhibit 6 (PDF)
          8. CalPERS Exhibit 7 (PDF)
          9. CalPERS Exhibit 8 (PDF)
          10. CalPERS Exhibit 9 (PDF)
          11. CalPERS Exhibit 10 (PDF)
          12. CalPERS Exhibit 11 (PDF)
          13. CalPERS Exhibit 12 (PDF)
          14. CalPERS Exhibit 13 (PDF)
          15. CalPERS Exhibit 14 (PDF)
          16. CalPERS Exhibit 15 (PDF)
          17. CalPERS Exhibit 16 (PDF)
          18. CalPERS Exhibit 17 (PDF)
          19. CalPERS Exhibit 18 (PDF)
          20. CalPERS Exhibit 19 (PDF)
          21. CalPERS Exhibit 20 (PDF)
          22. CalPERS Exhibit 21 (PDF)
          23. CalPERS Exhibit 22 (PDF)
          24. CalPERS Exhibit 23 (PDF)
          25. CalPERS Exhibit 24 (PDF)
          26. CalPERS Exhibit 25 (PDF)
          27. CalPERS Exhibit 26 (PDF)
          28. CalPERS Exhibit 27 (PDF)
          29. CalPERS Exhibit 28 (PDF)
          30. CalPERS Exhibit 29 (PDF)
          31. CalPERS Exhibit 30 (PDF)
          32. CalPERS Exhibit 31 (PDF)
          33. CalPERS Exhibit 32 (PDF)
          34. CalPERS Exhibit 33 (PDF)
          35. CalPERS Exhibit 34 (PDF)
          36. CalPERS Exhibit 35 (PDF)
          37. CalPERS Exhibit 36 (PDF)
          38. CalPERS Exhibit 37 (PDF)
          39. CalPERS Exhibit 38 (PDF)
          40. CalPERS Exhibit 39 (PDF)
          41. CalPERS Exhibit 40 (PDF)
          42. CalPERS Exhibit 41 (PDF)
          43. CalPERS Exhibit 42 (PDF)
          44. CalPERS Exhibit 43 (PDF)
          45. CalPERS Exhibit 44 (PDF)
          46. CalPERS Exhibit 45 (PDF)
          47. CalPERS Exhibit 46 (PDF)
          48. CalPERS Exhibit 47 (PDF)
          49. CalPERS Exhibit 48 (PDF)
          50. CalPERS Exhibit 49 (PDF)
          51. CalPERS Exhibit 50 (PDF)
          52. CalPERS Exhibit 51 (PDF)
          53. CalPERS Exhibit 52 (PDF)
          54. CalPERS Exhibit 53 (PDF)
          55. CalPERS Exhibit 54 (PDF)
          56. CalPERS Exhibit 55 (PDF)
          57. CalPERS Exhibit 56 (PDF)
          58. CalPERS Exhibit 57 (PDF)
          59. CalPERS Exhibit 58 (PDF)
          60. CalPERS Exhibit 59 (PDF)
          61. CalPERS Exhibit 60 (PDF)
          62. CalPERS Exhibit 61 (PDF)
          63. CalPERS Exhibit 62 (PDF)
          64. CalPERS Exhibit 63 (PDF)
          65. CalPERS Exhibit 64 (PDF)
          66. CalPERS Exhibit 65 (PDF)
          67. CalPERS Exhibit 66 (PDF)
          68. CalPERS Exhibit 67 (PDF)
          69. CalPERS Exhibit 68 (PDF)
          70. CalPERS Exhibit 69 (PDF)
          71. CalPERS Exhibit 70 (PDF)
          72. CalPERS Exhibit 71 (PDF)
          73. CalPERS Exhibit 72 (PDF)
          74. CalPERS Exhibit 73 (PDF)
          75. CalPERS Exhibit 74 (PDF)
          76. CalPERS Exhibit 75 (PDF)
          77. CalPERS Exhibit 76 (PDF)
          78. CalPERS Exhibit 77 (PDF)
          79. CalPERS Exhibit 78 (PDF)
          80. CalPERS Exhibit 79 (PDF)
          81. CalPERS Exhibit 80 (PDF)
          82. CalPERS Exhibit 81 (PDF)
          83. CalPERS Exhibit 82 (PDF)
          84. CalPERS Exhibit 83 (PDF)
          85. CalPERS Exhibit 84 (PDF)
          86. CalPERS Exhibit 85 (PDF)
          87. CalPERS Exhibit 86 (PDF)
          88. CalPERS Exhibit 87 (PDF)
          89. CalPERS Exhibit 88 (PDF)
          90. CalPERS Exhibit 89 (PDF)
        7. Attachment G – Malkenhorst Exhibits
          1. Malkenhorst Exhibit List (PDF)
          2. Malkenhorst Exhibit A (PDF)
          3. Malkenhorst Exhibit B (PDF)
          4. Malkenhorst Exhibit C (PDF)
          5. Malkenhorst Exhibit D (PDF)
          6. Malkenhorst Exhibit E (PDF)
          7. Malkenhorst Exhibit F (PDF)
          8. Malkenhorst Exhibit G (PDF)
          9. Malkenhorst Exhibit H (PDF)
          10. Malkenhorst Exhibit I (PDF)
          11. Malkenhorst Exhibit J (PDF)
          12. Malkenhorst Exhibit K (PDF)
          13. Malkenhorst Exhibit L (PDF)
          14. Malkenhorst Exhibit M (PDF)
          15. Malkenhorst Exhibit N (PDF)
          16. Malkenhorst Exhibit O (PDF)
          17. Malkenhorst Exhibit P (PDF)
          18. Malkenhorst Exhibit Q (PDF)
          19. Malkenhorst Exhibit R (PDF)
          20. Malkenhorst Exhibit S (PDF)
          21. Malkenhorst Exhibit T (PDF)
          22. Malkenhorst Exhibit U (PDF)
          23. Malkenhorst Exhibit V (PDF)
          24. Malkenhorst Exhibit W (PDF)
          25. Malkenhorst Exhibit X (PDF)
          26. Malkenhorst Exhibit Y (PDF)
          27. Malkenhorst Exhibit Z (PDF)
          28. Malkenhorst Exhibit AA (PDF)
          29. Malkenhorst Exhibit BB (PDF)
          30. Malkenhorst Exhibit CC (PDF)
          31. Malkenhorst Exhibit DD (PDF)
          32. Malkenhorst Exhibit EE (PDF)
          33. Malkenhorst Exhibit FF (PDF)
          34. Malkenhorst Exhibit GG (PDF)
          35. Malkenhorst Exhibit HH (PDF)
          36. Malkenhorst Exhibit II (PDF)
          37. Malkenhorst Exhibit JJ (PDF)
          38. Malkenhorst Exhibit KK (PDF)
          39. Malkenhorst Exhibit LL (PDF)
          40. Malkenhorst Exhibit MM (PDF)
          41. Malkenhorst Exhibit NN (PDF)
          42. Malkenhorst Exhibit OO (PDF)
          43. Malkenhorst Exhibit PP (PDF)
          44. Malkenhorst Exhibit QQ (PDF)
          45. Malkenhorst Exhibit SS (PDF)
          46. Malkenhorst Exhibit TT (PDF)
          47. Malkenhorst Exhibit UU (PDF)
          48. Malkenhorst Exhibit VV (PDF)
          49. Malkenhorst Exhibit WW (PDF)
          50. Malkenhorst Exhibit XX (PDF)
          51. Malkenhorst Exhibit YY (PDF)
          52. Malkenhorst Exhibit ZZ (PDF)
          53. Malkenhorst Exhibit AAA (PDF)
          54. Malkenhorst Exhibit BBB (PDF)
          55. Malkenhorst Exhibit CCC (PDF)
          56. Malkenhorst Exhibit FFF (PDF)
          57. Malkenhorst Exhibit GGG (PDF)
          58. Malkenhorst Exhibit HHH (PDF)
          59. Malkenhorst Exhibit III (PDF)
          60. Malkenhorst Exhibit KKK (PDF)
          61. Malkenhorst Exhibit LLL (PDF)
          62. Malkenhorst Exhibit MMM (PDF)
          63. Malkenhorst Exhibit HHHH Number 1 (PDF)
          64. Malkenhorst Exhibit HHHH Number 2 (PDF)
          65. Malkenhorst Exhibit HHHH Number 3 (PDF)
          66. Malkenhorst Exhibit HHHH Number 4 (PDF)
          67. Malkenhorst Exhibit HHHH Number 5 (PDF)
          68. Malkenhorst Exhibit HHHH Number 6 (PDF)
          69. Malkenhorst Exhibit HHHH Number 7 (PDF)
          70. Malkenhorst Exhibit HHHH Number 8 Part 1 (PDF)
          71. Malkenhorst Exhibit HHHH Number 8 Part 2 (PDF)
          72. Malkenhorst Exhibit HHHH Number 9 (PDF)
          73. Malkenhorst Exhibit LLLL (PDF)
          74. Malkenhorst Exhibit IIIII (PDF)
          75. Malkenhorst Exhibit JJJJJ (PDF)
          76. Malkenhorst Exhibit KKKKK (PDF)
          77. Malkenhorst Exhibit LLLLL (PDF)
          78. Malkenhorst Exhibit MMMMM (PDF)
          79. Malkenhorst Exhibit NNNNN (PDF)
          80. Malkenhorst Exhibit OOOOO (PDF)
          81. Malkenhorst Exhibit PPPPP (PDF)
          82. Malkenhorst Exhibit QQQQQ (PDF)
        8. Attachment H – Additional Pleadings Filed Prior to Closure of Record
          1. Malkenhorst's Memorandum of Points and Authorities, Laches, Statute of Limitations, Affirmative Defenses (PDF)
          2. Malkenhorst's Motions (PDF)
          3. Bruce V. Malkenhorst, Sr.'s Notice of Defenses (PDF)
          4. Joint Statement of Undisputed and Disputed Facts (PDF)
          5. CalPERS' Opposition to Further Discovery (PDF)
          6. Malkenhorst's Request for Official and Judicial Notice (PDF)
          7. CalPERS Opposition Re City Charter & Preemption (PDF)
          8. CalPERS Opposition Re Collateral Estoppel (PDF)
          9. CalPERS Opposition Re Statute of Limitations (PDF)
          10. City of Vernon's Opposition to Malkenhorst's Motion to Dismiss Re Judicial Estoppel and Charter City Autonomy (PDF)
          11. CalPERS' Brief on Accusation, Evidentiary Burdens (PDF)
          12. CalPERS Motion in Limine Re Expert Witnesses (PDF)
          13. CalPERS Motion in Limine Re: Pleadings from Other Litigation (PDF)
          14. Malkenhorst's Motions in Limine and Other Motions (PDF)
          15. Malkenhorst's Reply in Support of Motion to Dismiss (PDF)
          16. CalPERS Opposition to Malkenhorst's Motion in Limine No. 1 (PDF)
          17. CalPERS Opposition to Malkenhorst's Motion in Limine No. 2 (PDF)
          18. CalPERS Opposition to Malkenhorst's Motion in Limine No. 3 (PDF)
          19. CalPERS Opposition to Malkenhorst's Motion in Limine No. 4 (PDF)
          20. CalPERS Opposition to Malkenhorst's Motions in Limine Nos. 5 & 6 (PDF)
          21. CalPERS Opposition to Malkenhorst's Motions in Limine Nos. 7 & 8 (PDF)
          22. CalPERS Opposition to Malkenhorst's Motion in Limine No. 9 (PDF)
          23. CalPERS Opposition to Malkenhorst's Motion in Limine No. 10 (PDF)
          24. CalPERS Opposition to Malkenhorst's Motion in Limine No. 11 (PDF)
          25. CalPERS Opposition to Malkenhorst's Motion in Limine No. 12 (PDF)
          26. Proof of Service of CalPERS Opposition to Malkenhorst's Motion in Limine Nos. 1-13 (PDF)
          27. PreHearing Conference Order (PDF)
          28. Supplemental PreHearing Conference Order (PDF)
          29. Order Re Pre-Trial Motions (PDF)
          30. CalPERS Motion to Exclude Expert Witnesses (PDF)
          31. CalPERS Opposition Re ADP Payroll Records (PDF)
          32. CalPERS Opposition to Motion to Amend Defense (PDF)
          33. City of Vernon's Opposition to Bruce Malkenhorst's Motion to "Amend Notice of Defense" (PDF)
          34. CalPERS' Trial Brief (PDF)
          35. Malkenhorst's Trial Brief, and Reservation of Right to Make Opening Statement, Requesting for Ruling on Motions and Objections (PDF)
          36. CalPERS Post-Hearing Brief (PDF)
          37. Malkenhorst's Request for Official and Judicial Notice (PDF)
          38. Respondent Malkenhorst's Post-Hearing Brief (PDF)
          39. CalPERS Reply Post Hearing Brief (PDF)
          40. CalPERS' Opposition Re: Request for Judicial Notice (PDF)
  3. Information Agenda Items
    1. State Legislation Update (PDF) Mary Anne Ashley
      1. Attachment 1 (PDF)
    2. Summary of Board Direction (Oral Report)Anne Stausboll
    3. Public Comment

Closed Session

Upon Adjournment or Recess of Open Session

    1. Litigation Matters (Government 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. Potential Litigation – Investment Matter
      3. Sanchez, et al. v. CalPERS, et al. (Los Angeles County Superior Court No. BC517444)

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.


Location

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

Parking
CalPERS Building Guide (PDF)

Security

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