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