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

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

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 UpdateMary Anne Ashley
      1. Attachment 1
    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.