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 February 19, 2019

Closed Session

8:30 a.m.

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

Closed Session

3:00 p.m.

  1. Item
    1. Call to Order and Roll Call
    2. Approval of the November 15, 2018 Board of Administration Closed Session Meeting Minutes
    3. Litigation MattersMatthew Jacobs
      1. Sanchez, et al. v. CalPERS, et al. (Los Angeles County Superior Court, Case No. BC517444)
      2. Potential Litigation – Investment Matter
      3. Potential Litigation – Program Administration Matter

Meeting Agenda for February 20, 2019

View Open Session Meeting Transcript (PDF)

Open Session

9:00 a.m.

  1. Item
    1. Call to Order and Roll Call
    2. Approval of the February 20, 2019 Board of Administration Timed Agenda (PDF)
    3. Full Board HearingHenry Jones
      1. Mark L. Wheeler, Thomas R. Valdez, John M. Lopez, Larry D. Blackwell & Garry G. Cohoe (consolidated)
        1. Attachment A – Staff's Argument
        2. Attachment B – Respondent's Argument
        3. Attachment C –
          1. Full Board Hearing Procedures
          2. Notice of Full Board Hearing and Proof of Service
        4. Attachment D – April 11, 2018 Administrative Hearing Transcript
        5. Attachment E – November 15, 2018 Board Agenda Item
        6. Attachment F – November 15, 2018 Board Meeting Transcript
        7. Attachment G – CalPERS' Hearing Exhibits
          1. 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 (See Attachment I Stipulation of Facts)
          76. CalPERS' Exhibit 75
          77. CalPERS' Exhibit 76
          78. CalPERS' Exhibit 77 (See Attachment I CalPERS' Closing Brief)
          79. CalPERS' Exhibit 78 (See Attachment I CalPERS' Reply Brief)
        8. Attachment H – Respondents' Hearing Exhibits
          1. Exhibit List
          2. Respondents' Exhibit A
          3. Respondents' Exhibit B
          4. Respondents' Exhibit C (See Attachment I Appellants' Post Hearing Brief)
          5. Respondents' Exhibit D – Legislative Intent Service Materials, Volume 1
            1. Part 1
            2. Part 2
          6. Respondents' Exhibit E – Legislative Intent Service Materials, Volume 2
        9. Attachment I – Other Pleadings
          1. Stipulation of Facts
          2. CalPERS' Closing Brief
          3. Appellants' Post Hearing Brief
          4. CalPERS' Reply Brief
          5. Appellants' Reply Brief
          6. Office of Administrative Hearings' Order Re-Opening Record
          7. Memorandum from Administrative Law Judge Montoya to CalPERS and Respondents

Closed Session

    1. Deliberate on Full Board Hearing (Government Code section 11126(c)(3))
      1. Mark L. Wheeler, Thomas R. Valdez, John M. Lopez, Larry D. Blackwell & Garry G. Cohoe (consolidated)

Open Session

    1. Take Action on Full Board Hearing
      1. Mark L. Wheeler, Thomas R. Valdez, John M. Lopez, Larry D. Blackwell & Garry G. Cohoe (consolidated)

Meeting Agenda for February 21, 2019

View Open Session Meeting Transcript (PDF)

Closed Session

8:30 a.m.
(Government Code sections 11126(a)(1), (e), and (g)(1))

    1. Chief Executive Officer's Briefing on Performance, Employment, and Personnel Issues
    2. Committee Reports and Actions

Open Session

10:00 a.m.
Or upon adjournment of the Finance & Administration Committee – Whichever is later

  1. Item
    1. Call to Order and Roll Call (PDF)
    2. Approval of the February 21, 2019 Board of Administration Timed Agenda (PDF)
    3. Pledge of Allegiance (Oral Report)Henry Jones
    4. Board President's Report (Oral Report)Henry Jones
    5. Chief Executive Officer's Report (Oral Report)Marcie Frost
    6. Action Consent ItemsHenry Jones
      1. Approval of the December 19, 2018 Board of Administration Meeting Minutes (PDF)
      2. Board Travel Approvals (PDF)
    7. Information Consent ItemsHenry Jones
      1. Board Meeting Calendar (PDF)
      2. Draft Agenda for the March 20, 2019 Board of Administration Meeting (PDF)
      3. General Counsel's Report (PDF)
        1. Attachment 1 (PDF)
      4. Communications and Stakeholder Relations (PDF)
        1. Attachment 1 (PDF)
        2. Attachment 2 (PDF)
    8. Committee Reports and Actions
      1. Investment Committee (PDF)Henry Jones
      2. Pension & Health Benefits Committee (Oral Report)
      3. Finance & Administration Committee (PDF)
      4. Performance, Compensation & Talent Management Committee (PDF)
      5. Risk & Audit Committee (PDF)
      6. Board Governance Committee (Oral Report)
    9. Action Agenda Items
      1. Proposed Decisions of Administrative Law Judges (PDF)Henry Jones
        1. Donna D. Dortch & Margie A. Dortch (Dortch, Walter Jr. (dec.)
          1. Attachment A
          2. Attachment B
          3. Attachment C
        2. John R. Mason
          1. Attachment A
          2. Attachment B
          3. Attachment C
        3. Richard M. Gomula
          1. Attachment A
          2. Attachment B
          3. Attachment C
        4. Martha S. Arreola
          1. Attachment A
          2. Attachment B
          3. Attachment C
        5. Steven C. Erickson
          1. Attachment A
          2. Attachment B
          3. Attachment C
        6. Edith A. Schenone
          1. Attachment A
          2. Attachment B
          3. Attachment C
        7. Dianne L. Russo
          1. Attachment A
          2. Attachment B
          3. Attachment C
        8. Ana Marie Valenzuela
          1. Attachment A
          2. Attachment B
          3. Attachment C
        9. Robin E. Milovich
          1. Attachment A
          2. Attachment B
          3. Attachment C
        10. Denise D. Daniel
          1. Attachment A
          2. Attachment B
          3. Attachment C
        11. Adam M. Birnbaum
          1. Attachment A
          2. Attachment B
          3. Attachment C
        12. Tracy A. Folau
          1. Attachment A
          2. Attachment B
          3. Attachment C
        13. Alan J. Soares
          1. Attachment A
          2. Attachment B
          3. Attachment C
        14. Janece L. Maez
          1. Attachment A
          2. Attachment B
          3. Attachment C
        15. Joe O. Anaya
          1. Attachment A
          2. Attachment B
          3. Attachment C
        16. Tiffany D. Braithwaite
          1. Attachment A
          2. Attachment B
          3. Attachment C
        17. Juanita Rodriguez
          1. Attachment A
          2. Attachment B
          3. Attachment C
        18. Stacy L. Van Lente
          1. Attachment A
          2. Attachment B
          3. Attachment C
        19. Robert D. Nicholson
          1. Attachment A
          2. Attachment B
          3. Attachment C
        20. Edward Armstrong
          1. Attachment A
          2. Attachment B
          3. Attachment C
        21. Kenneth E. Robinson
          1. Attachment A
          2. Attachment B
          3. Attachment C
        22. Santosh Kumari
          1. Attachment A
          2. Attachment B
          3. Attachment C
        23. Niles M. Emerson
          1. Attachment A
          2. Attachment B
          3. Attachment C
        24. Kristin A. Youngblood
          1. Attachment A
          2. Attachment B
          3. Attachment C
      2. Designation of Precedential DecisionHenry Jones
        1. Tracy C. Fuller
          1. Attachment A
      3. Full Board Hearing DecisionHenry Jones
        1. Mark L. Wheeler, Thomas R. Valdez, John M. Lopez, Larry D. Blackwell & Garry G. Cohoe (consolidated)
          1. Attachment A
          2. Attachment B
    10. Information Agenda Items
      1. Enterprise Performance Reporting – Second Quarter and 2019-20 CalPERS Business Plan (PDF)Sabrina Hutchins
        1. Attachment A (PDF)
        2. Attachment B (PDF)
        3. Attachment C (PDF)
        4. Attachment D (PDF)
        5. Attachment E (PDF)
        6. Attachment F (PDF)
      2. State and Federal Legislation Update (PDF)Danny Brown
        1. Attachment 1 (PDF)
      3. Summary of Board Direction (Oral Report)Marcie Frost
      4. Public Comment
    11. Approval to Meet in Closed Session Pursuant to Government Code Section 11126(c)(18)(A)Henry Jones

Closed Session

Upon Adjournment or Recess of Open Session (Government Code sections 11126(c)(18)(A))

  1. Item
    1. Call to Order and Roll Call
    2. Enterprise Performance Reporting: Information Security Update and Cyber Security BriefingChristian Farland

Open Session

Upon Adjournment of Closed Session

  1. Item
    1. Report Out on Enterprise Performance Reporting: Information Security Update and Cyber Security BriefingHenry Jones

Notes

  1. Items designated for Information are appropriate for 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 three-minute limitation on each public comment, unless otherwise directed by the Presiding Officer. (Cal. Code Regs. tit. 2, § 552.1.)


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.