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 19, 2016

8:30 am - Closed Session

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

Meeting Agenda for December 21, 2016

View Open Session Meeting Transcript (PDF)

8:30 am - Closed Session

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

9:00 am - 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)Marcie Frost
      2. Chief Investment Officer's Report (Oral Report)Ted Eliopoulos
    5. Consent Items
      Action Consent Items:Rob Feckner
      1. Approval of the November 16, 2016 Board of Administration Meeting Minutes (PDF)
      2. Board Travel Approvals (PDF)
    6. Consent Items
      Information Consent Items:
      1. Board Agenda Item Calendar 2016 (PDF)
      2. Draft Agenda for the February 15, 2017 Board of Administration Meeting (PDF)
      3. General Counsel's Report (PDF)
      4. Communications and Stakeholder Relations (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. 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. Lois M. Gabrilski (dec.) (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      2. Stephen D. Rennie (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      3. Cajetan Nwagbara (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      4. Arturo Trejo (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      5. Sheldon Scarber (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      6. Michael Porter (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      7. Bertha Chapula-Sanchez (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      8. Paul Mast (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      9. Lorimarie Ortega (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      10. Elizabeth Hoffman (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      11. Paul E. Davenport (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      12. Ramona Walls (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      13. Kenneth Decou (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      14. Jose Huerta (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      15. Terrance Roman (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      16. Grace Herrera (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      17. Bruno Brito (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      18. Dawn Brooks (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      19. La'Tisha Walker-Rice (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      20. Cheryl Ramsey (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
      21. Mark Ladas (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
    2. Petitions for Reconsideration (PDF)Rob Feckner
      1. Ryann Mullen (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
        4. Attachment D (PDF)
        5. Attachment E (PDF)
      2. James Towns (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
        4. Attachment D (PDF)
        5. Attachment E (PDF)
      3. David Duran (PDF)
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
        4. Attachment D (PDF)
        5. Attachment E (PDF)
      4. Linda Martinez (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. Desi Alvarez (PDF)
        1. Attachment A – Staff's Argument (PDF)
        2. Attachment B – Respondent(s) Argument(s) (PDF)
        3. Attachment C – Procedures for Full Hearings, Notice of Hearing and Proof of Service (PDF)
        4. Attachment D – November 16, 2016 Board Agenda Item (PDF)
        5. Attachment E – Transcripts Of Administrative Hearing and November 16, 2016 Board Meeting (PDF)
          1. OAH Hearing Transcript April 11, 2016 (PDF)
          2. OAH Hearing Transcript April 12, 2016 (PDF)
          3. OAH Hearing Transcript April 13, 2016 (PDF)
          4. Board Meeting Transcript November 16, 2016 (PDF)
        6. Attachment F – CalPERS Exhibits (PDF)
          1. Office of Administrative Hearing and 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 21 (PDF)
          22. CalPERS Exhibit 25 (PDF)
          23. CalPERS Exhibit 26 (PDF)
          24. CalPERS Exhibit 27 (PDF)
          25. CalPERS Exhibit 28 (PDF)
          26. CalPERS Exhibit 29 (PDF)
          27. CalPERS Exhibit 30 (PDF)
          28. CalPERS Exhibit 31 (PDF)
        7. Attachment G – Respondent Alvarez's Exhibits (PDF)
          1. Respondent Alvarez's Exhibit 203 (PDF)
          2. Respondent Alvarez's Exhibit 204 (PDF)
          3. Respondent Alvarez's Exhibit 205 (PDF)
          4. Respondent Alvarez's Exhibit 206 (PDF)
          5. Respondent Alvarez's Exhibit 207 (PDF)
          6. Respondent Alvarez's Exhibit 223 (PDF)
          7. Respondent Alvarez's Exhibit 224 (PDF)
          8. Respondent Alvarez's Exhibit 225 (PDF)
          9. Respondent Alvarez's Exhibit 226 (PDF)
          10. Respondent Alvarez's Exhibit 227 (PDF)
          11. Respondent Alvarez's Exhibit 228 (PDF)
          12. Respondent Alvarez's Exhibit 229 (PDF)
          13. Respondent Alvarez's Exhibit 230 (PDF)
          14. Respondent Alvarez's Exhibit 231 (PDF)
          15. Respondent Alvarez's Exhibit 232 (PDF)
          16. Respondent Alvarez's Exhibit 233 (PDF)
          17. Respondent Alvarez's Exhibit 235 (PDF)
          18. Respondent Alvarez's Exhibit 237 (PDF)
          19. Respondent Alvarez's Exhibit 238 (PDF)
          20. Respondent Alvarez's Exhibit 239 (PDF)
          21. Respondent Alvarez's Exhibit 240 (PDF)
          22. Respondent Alvarez's Exhibit 241 (PDF)
          23. Respondent Alvarez's Exhibit 242 (PDF)
          24. Respondent Alvarez's Exhibit 243 (PDF)
          25. Respondent Alvarez's Exhibit 244 (PDF)
          26. Respondent Alvarez's Exhibit 245 (PDF)
          27. Respondent Alvarez's Exhibit 246 (PDF)
          28. Respondent Alvarez's Exhibit 247 (PDF)
          29. Respondent Alvarez's Exhibit 248 (PDF)
          30. Respondent Alvarez's Exhibit 249 (PDF)
          31. Respondent Alvarez's Exhibit 250 (PDF)
          32. Respondent Alvarez's Exhibit 251 (PDF)
          33. Respondent Alvarez's Exhibit 255 (PDF)
          34. Respondent Alvarez's Exhibit 258 (PDF)
          35. Respondent Alvarez's Exhibit 259 (PDF)
          36. Respondent Alvarez's Exhibit 265 (PDF)
          37. Respondent Alvarez's Exhibit 266 (PDF)
          38. Respondent Alvarez's Exhibit 267 (PDF)
          39. Respondent Alvarez's Exhibit 268 (PDF)
          40. Respondent Alvarez's Exhibit 269 (PDF)
          41. Respondent Alvarez's Exhibit 270 (PDF)
        8. Attachment H – Respondent Watermaster's Exhibits (PDF)
          1. Respondent Watermaster's Exhibit A (PDF)
          2. Respondent Watermaster's Exhibit B (PDF)
          3. Respondent Watermaster's Exhibit D (PDF)
          4. Respondent Watermaster's Exhibit E (PDF)
          5. Respondent Watermaster's Exhibit F (PDF)
          6. Respondent Watermaster's Exhibit G (PDF)
          7. Respondent Watermaster's Exhibit I (PDF)
          8. Respondent Watermaster's Exhibit J (PDF)
          9. Respondent Watermaster's Exhibit K (PDF)
          10. Respondent Watermaster's Exhibit N (PDF)
          11. Respondent Watermaster's Exhibit O (PDF)
          12. Respondent Watermaster's Exhibit P (PDF)
          13. Respondent Watermaster's Exhibit Q (PDF)
          14. Respondent Watermaster's Exhibit R (PDF)
          15. Respondent Watermaster's Exhibit S (PDF)
          16. Respondent Watermaster's Exhibit T (PDF)
          17. Respondent Watermaster's Exhibit U (PDF)

Closed Session

    1. Deliberate on Full Board Hearing
      (Government Code section 11126(c)(3))
      1. Desi Alvarez

Open Session

    1. Take Action on Full Board Hearing
      1. Desi Alvarez
  1. Information Agenda Items
    1. State and Federal Legislation Update (PDF)Mary Anne Ashley
      1. Attachment 1 (PDF)
    2. Summary of Board Direction (Oral Report)Marcie Frost
    3. Public Comment

Closed Session

Upon Adjournment or Recess of Open Session
(Government Code sections 11126(a)(1), (e), and (g)(1))

    1. Litigation MattersMatthew Jacobs
      1. In re: City of San Bernardino (U.S. Bankruptcy Court, Central District of CA, No. 2-BK-28006)
      2. Centinela Capital Partners, LLC v. CalPERS, et al. (Los Angeles Superior Court, No. BC504309); Baez v. CalPERS, et al. (Los Angeles Superior Court, No. BC498010)
      3. Marin Association of Public Employees v. Marin County Employees’ Retirement Association (1st District Court of Appeal, Case No. A139610)
      4. Sanchez, et al. v. CalPERS, et al. (Los Angeles County Superior Court, Case No. BC517444)

Notes

  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.
  4. Board Members may attend meetings of committees of which they are not members and participate in the discussions during those meetings.


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.