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 December 14, 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))

Meeting Agenda for December 16, 2015

View Open Session Meeting Transcript (PDF)

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 November 18, 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 February 18, 2016 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 (PDF) Michael Bilbrey
      5. Risk & Audit Committee (Oral Report)Ron Lind
      6. Board Governance Committee (PDF) Bill Slaton
  2. Action Agenda Items
    1. Proposed Decisions of Administrative Law Judges (PDF)Rob Feckner
      1. Ava A. Schrepel (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      2. Josephine Okwu (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      3. Meinert C. Toberer (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      4. Bahram Z. Foadi (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      5. May Lloyd (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      6. Mary Eugene Gomez (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      7. Darryl Hurt, Timothy Bacon (Consolidated) (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      8. Marcos Rivera (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      9. Stacy A. Bridges (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      10. Cyndee McKelvie (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      11. Brenda Noel (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      12. John T. Decker (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      13. Adekunle M. Aderonmu (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      14. Rebecca Fogle (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      15. Erlinda Velasquez (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
    2. Petitions for Reconsideration (PDF)Rob Feckner
      1. David Wheeler (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
        4. Attachment D (PDF)
        5. Attachment E (PDF)
      2. Carlotta Luna (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
        4. Attachment D (PDF)
        5. Attachment E (PDF)
      3. Roberta Almeida (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
        4. Attachment D (PDF)
        5. Attachment E (PDF)
      4. Simin Shirazi (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
        4. Attachment D (PDF)
        5. Attachment E (PDF)
    3. Full Board Decision – Bruce Malkenhorst (PDF)Rob Feckner
      1. Attachment A (PDF)
      2. Attachment B (PDF)
    4. Full Board HearingsRob Feckner
      1. Richard Lewis (PDF)
        1. Attachment A – Staff's Argument (PDF)
        2. Attachment B – Respondent's Argument (PDF)
        3. Attachment C – Procedures for Full Hearing, Notice of Hearing and Proof of Service
          1. Notice of Hearing (PDF)
          2. Time Limitations for Full Board Hearing (PDF)
        4. Attachment D – October 21, 2015 Board Agenda Item (PDF)
        5. Attachment E – Transcripts of Administrative Hearing and October 21, 2015 Board Meeting
          1. OAH Hearing Transcript (10/13/14) (PDF)
          2. OAH Hearing Transcript (10/14/14) (PDF)
          3. OAH Hearing Transcript (02/25/15) (PDF)
          4. OAH Hearing Transcript (02/26/15) (PDF)
          5. Board Meeting Transcript (10/21/15) (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)
        7. Attachment G – Respondent's Exhibits
          1. Respondent's Exhibit List (PDF)
          2. Respondent's Exhibit 1 (PDF)
          3. Respondent's Exhibit 2 (PDF)
          4. Respondent's Exhibit 3 (PDF)
          5. Respondent's Exhibit 4 (PDF)
          6. Respondent's Exhibit 5 (PDF)
          7. Respondent's Exhibit 6 (PDF)
          8. Respondent's Exhibit 7 (PDF)
          9. Respondent's Exhibit 8 (PDF)
          10. Respondent's Exhibit 9 (PDF)
          11. Respondent's Exhibit 10 (PDF)
          12. Respondent's Exhibit 11 (PDF)
          13. Respondent's Exhibit 12 (PDF)
          14. Respondent's Exhibit 13 (PDF)
          15. Respondent's Exhibit 14 (PDF)
          16. Respondent's Exhibit 15 (PDF)
          17. Respondent's Exhibit 16 (PDF)
          18. Respondent's Exhibit 17 (PDF)
          19. Respondent's Exhibit 18 (PDF)
          20. Respondent's Exhibit 19 (PDF)
          21. Respondent's Exhibit 20 (PDF)
          22. Respondent's Exhibit 21 (PDF)
          23. Respondent's Exhibit 22 (PDF)
          24. Respondent's Exhibit 23 (PDF)
          25. Respondent's Exhibit 24 (PDF)
          26. Respondent's Exhibit 25 (PDF)
          27. Respondent's Exhibit 26 (PDF)
          28. Respondent's Exhibit 27 (PDF)
          29. Respondent's Exhibit 28 (PDF)
          30. Respondent's Exhibit 29 (PDF)
          31. Respondent's Exhibit 30 (PDF)
          32. Respondent's Exhibit 31 (PDF)
          33. Respondent's Exhibit 32 (PDF)
          34. Respondent's Exhibit 33 (PDF)
          35. Respondent's Exhibit 34 (PDF)
          36. Respondent's Exhibit 35 (PDF)
          37. Respondent's Exhibit 36 (PDF)
          38. Respondent's Exhibit 37 (PDF)
          39. Respondent's Exhibit 38 (PDF)
          40. Respondent's Exhibit 39 (PDF)
          41. Respondent's Exhibit 40 (PDF)
          42. Respondent's Exhibit 41 (PDF)
          43. Respondent's Exhibit 42 (PDF)
          44. Respondent's Exhibit 43 (PDF)
          45. Respondent's Exhibit 44 (PDF)
          46. Respondent's Exhibit 45 (PDF)
          47. Respondent's Exhibit 46 (PDF)
          48. Respondent's Exhibit 47 (PDF)
        8. Attachment H – Pleadings and Other Court Filings
          1. Summons Complaint (PDF)
          2. Defendants' Motion for Summary Judgment (PDF)
          3. Plantiff's Notice of Motion and Motion for Writ of Mandate (PDF)
          4. Defendants' Opposition to Motion for Writ of Mandate; Declarations of James Odlum and Stephanie Easland (PDF)
          5. Richard Lewis' Notice and Motion Regarding Jurisdictional Challenge (PDF)
          6. Richard Lewis' Notice of Defense Re CalPERS' Denial of Pension Benefits (PDF)
          7. CalPERS' Opposition to Respondent Lewis' Motion Re Jurisdictional Challenges (PDF)
          8. Richard Lewis' Motion to Hear His Collateral Estoppel/Res Judicata Claims at the Outset of the Hearing (PDF)
          9. Richard Lewis' Post Hearing Brief (Exhibit A) (PDF)
          10. CalPERS Closing Brief (Exhibit B) (PDF)
          11. CalPERS' Request for Official Notice (Gov. Code Section 11515) (Exhibit C) (PDF)
          12. Declaration of Richard Lewis and Richard Lewis' Motion to Strike CalPERS Request for Official and Judicial Notice (Exhibit D) (PDF)
          13. CalPERS Response to Respondent Richard Lewis' Purported Motion to Strike CalPERS' Request for Official Notice (Exhibit E) (PDF)
          14. Richard Lewis' Reply Brief (Exhibit F) (PDF)
          15. CalPERS Reply Brief (Exhibit G) (PDF)
          16. Respondent Richard Lewis' Request for Judicial and Official Notice (PDF)
        9. Attachment I – Orders
          1. Order Granting in Part and Denying in Part Defendant's Motion for Summary Judgment and Denying Plaintiffs' Motion for a Writ of Mandate (PDF)
          2. Order Adding Additional Trial Date and Changing Location of Hearing (PDF)
          3. Order Denying "Motion Regarding Jurisdictional Challenge" Filed by Respondent Richard Lewis (PDF)
          4. Order Denying Richard Lewis's Motion to Present His Collateral Estoppel/Res Judicata Claims at the Outset of the Hearing (PDF)
          5. Order Setting Telephonic Status Conference (PDF)
          6. Order Granting Parties' Request for Additional Time to File Written Closing Arguments (PDF)
      2. Christine Londo (PDF)
        1. Attachment A – Staff's Argument (PDF)
        2. Attachment B – Respondent's Argument (PDF)
        3. Attachment C – Procedures for Full Hearing, Notice of Hearing and Proof of Service
          1. Notice of Hearing (PDF)
          2. Amended Notice of Hearing (PDF)
          3. Notice of a Change to the Time Limitations at the Full Board Hearing (PDF)
        4. Attachment D – March 18, 2015 and October 21, 2015 Board Agenda Items
          1. Agenda Item (03/18/15) (PDF)
          2. Agenda Item (10/21/15) (PDF)
        5. Attachment E – Transcripts of Administrative Hearings and March 18, 2015 and October 21, 2015 Board Meetings
          1. OAH Hearing Transcript (11/05/14) (PDF)
          2. Board Meeting Transcript (03/18/15) (PDF)
          3. OAH Hearing Transcript (07/31/15) (PDF)
          4. Board Meeting Transcript (10/21/15) (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)
        7. Attachment G – Respondent's Exhibits
          1. Respondent's Exhibit List (PDF)
          2. Respondent's Exhibit A (PDF)
          3. Respondent's Exhibit B (PDF)
          4. Respondent's Exhibit C (PDF)
          5. Respondent's Exhibit D (PDF)
          6. Respondent's Exhibit E (PDF)
        8. Attachment H – Pleadings
          1. Notice of Remand and Order Thereon (PDF)
          2. Notice of Telephonic Trial Setting Conference (PDF)
          3. Telephonic Trial Setting Conference Order; Notice of Hearings on Remand Via Telephonic Oral Argument (PDF)

Closed Session

    1. Deliberate on Full Board Hearings
      (Government Code section 11126(c)(3))
      1. Richard Lewis
      2. Christine Londo

Open Session

    1. Announcement of Action Taken on Full Board Hearings
      1. Richard Lewis
      2. Christine Londo
  1. 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. McGlynn v. State of California, et al. (San Francisco Superior Court, Case No. CPF-514052)
      3. Sanchez, et al. v. CalPERS, et al. (Los Angeles County Superior Court No. BC517444)
      4. Potential Litigation – Insolvent Agencies
      5. Potential Litigation – Securities Matter

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.