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.)

BOARD OF ADMINISTRATION EDUCATIONAL DAY

TUESDAY, JANUARY 21, 2020
AGENDA

Note: Location has been moved to Lincoln Plaza North, Room 1140

8:30 A.M. - Welcome/Opening

  1. Henry Jones, President, CalPERS Board of Administration
    Marcie Frost, Chief Executive Officer, CalPERS

8:45 A.M. - Pledge of Allegiance

8:45 A.M. - Swearing-In Ceremony for New Board Member (Placeholder)

8:50 A.M. - Election of President/Vice President

8:55 A.M. - Board Travel Approval (PDF)

9:00 A.M. - Cybersecurity: Governance and Best Practices in a Shifting Threat Landscape (Board Education) (PDF)

  1. Moderator
    Liana Bailey-Crimmins, Chief Information Security Officer, CalPERS
  1. Presenter (PDF)
    Aravind Swaminathan, Partner, Orrick Herrington & Sutcliffe
  1. PowerPoint Presentation
    Cybersecurity: Governance and Best Practices in a Shifting Threat Landscape (PDF)
  1. Approval to Meet in Closed Session Pursuant to Government Code Section 11126(c)(18)(A)
  1. Closed Session (Government Code section 11126(c)(18)(A))
  1. Information Security Update and Cybersecurity Briefing
  1. Open Session
  1. Report Out on Information Security Update and Cybersecurity Briefing

10:30 A.M. - Break

10:45 A.M. - Actuarial Essentials (Board Education) (PDF)

  1. Moderator
    Scott Terando, Chief Actuary, CalPERS
  1. Presenters
    Fritzie Archuleta, Deputy Chief Actuary, CalPERS
    Randall Dziubek, Deputy Chief Actuary, CalPERS
  1. PowerPoint Presentation
    Actuarial Essentials (PDF)

11:45 A.M. - Lunch Break

12:45 P.M. - Fiduciary Training (Board Education) (PDF)

  1. Moderator
    Matthew Jacobs, General Counsel, CalPERS
  1. Presenter (PDF)
    Ashley Dunning, Partner, Nossaman LLP
  1. PowerPoint Presentation
    Fiduciary Principles to Guide Public Retirement System Trustees (PDF)

2:15 P.M. - Break

2:30 P.M. - Health Care Cost Drivers Nationally and in California: What Are They and How Are They Changing? (Board Education) (PDF)

  1. Moderator
    Don Moulds, Chief Health Director, CalPERS
  1. Presenters (PDF)
    Niall Brennan, President and CEO, Health Care Cost Institute
    Kristof Stremikis, Director of Market Analysis and Insight, California Healthcare Foundation
  1. PowerPoint Presentations
    It's Still The Prices Stupid: Observations on Health Care Spending in the U.S. (PDF)
    Health Spending in California (PDF)

4:00 P.M. (Time Certain) - How the California State Legislature Addresses Allegations of Workplace Harassment (This item will be presented verbally)

  1. Moderator
    Marcie Frost, Chief Executive Officer, CalPERS
  1. Presenters
    Assembly Member Laura Friedman, California State Legislature
    Senator Connie Leyva, California State Legislature
    Senator Holly Mitchell, California State Legislature

4:30 P.M. - Closed Session (Government Code Sections 11126(a)(1), (c)(16), and (e))

  1. Personnel, Employment, Performance and Investment Strategy
  2. Litigation Matters
    1. a. Sanchez, et al. v. CalPERS, et al. (Los Angeles County Superior Court, Case No. BC517444)
    2. b. Centinela Capital Partners, LLC v. CalPERS, et al. (California Court of Appeal for the Second District, Case No. B284595)
    3. c. Kesterson, et al. v. CalPERS (Los Angeles County Superior Court, Case No. BC502628)
    4. d. General Counsel’s Update on Pending Litigation

5:00 P.M. - ADJOURN

BOARD OF ADMINISTRATION STAKEHOLDER FORUM

WEDNESDAY, JANUARY 22, 2020
AGENDA

8:30 A.M. - Welcome/Opening/Logistics

  1. Room
    CalPERS Auditorium
    Henry Jones, President, CalPERS Board of Administration

9:00 A.M. - Break-out Session 1a: Addressing Key Risks to the System (Employers) (PDF)

  1. Room
    Lincoln Plaza North, 1140
  1. Moderator
    Brad Pacheco, Deputy Executive Officer, Communications & Stakeholder Relations, CalPERS
  1. Presenters
    Yu (Ben) Meng, Chief Investment Officer, CalPERS
    Scott Terando, Chief Actuary, CalPERS
    Anne Simpson, CalPERS
  1. Board Participants
    Henry Jones
    Lisa Middleton
    Theresa Taylor
    Stacie Olivares
  1. PowerPoint Presentation
    Addressing Key Risks to the System (PDF)

9:00 A.M. - Break-out Session 2a: Health Care (Retirees) (PDF)

  1. Room
    Lincoln Plaza West, 1600x
  1. Moderator
    David Teykaerts, Stakeholder Strategy Manager, CalPERS
  1. Presenters
    Marta Green, Chief of Health Plan Research & Administration, CalPERS
    Don Moulds, Chief Health Director, CalPERS
  1. Board Participants
    Betty Yee
    Rob Feckner
    Ramon Rubalcava
    Margaret Brown
  1. PowerPoint Presentation
    Health Care (PDF)

9:00 A.M. - Break-out Session 3a: The Road Ahead: Pension & Health Care Issues in 2020 and Beyond (Labor) (PDF)

  1. Room
    Lincoln Plaza East, 1821/31
  1. Moderator
    Kelly Fox, Chief of Stakeholder Relations, CalPERS
  1. Presenters
    Michael Cohen, Chief Financial Officer, CalPERS
    Danny Brown, Chief, Legislative Affairs, CalPERS
    Renee Ostrander, Chief, Employer Account Management, CalPERS
    Anthony Suine, Chief, Retirement Benefit Services, CalPERS
    Rob Jarzombek, Chief, Health Account Management, CalPERS
  1. Board Participants
    Fiona Ma
    David Miller
    Jason Perez
    Eraina Ortega
  1. PowerPoint Presentation
    The Road Ahead: Pension & Health Care Issues in 2020 and Beyond (PDF)

10:30 A.M. - Break

10:45 A.M. - Break-out Session 1b: Addressing Key Risks to the System (Retirees) (PDF)

  1. Room
    Lincoln Plaza North, 1140
  1. Moderator
    Brad Pacheco, Deputy Executive Officer, Communications & Stakeholder Relations, CalPERS
  1. Presenters
    Yu (Ben) Meng, Chief Investment Officer, CalPERS
    Scott Terando, Chief Actuary, CalPERS
    Anne Simpson, CalPERS
  1. Board Participants
    Henry Jones
    Lisa Middleton
    Theresa Taylor
    Stacie Olivares
  1. PowerPoint Presentation
    Addressing Key Risks to the System (PDF)

10:45 A.M. - Break-out Session 2b: Health Care (Labor) (PDF)

  1. Room
    Lincoln Plaza West, 1600x
  1. Moderator
    David Teykaerts, Stakeholder Strategy Manager, CalPERS
  1. Presenters
    Marta Green, Chief of Health Plan Research & Administration, CalPERS
    Don Moulds, Chief Health Director, CalPERS
  1. Board Participants
    Betty Yee
    Rob Feckner
    Ramon Rubalcava
    Margaret Brown
  1. PowerPoint Presentation
    Health Care (PDF)

10:45 A.M. - Break-out Session 3b: The Road Ahead: Pension & Health Care Issues in 2020 and Beyond (Employers) (PDF)

  1. Room
    Lincoln Plaza East, 1821/31
  1. Moderator
    Kelly Fox, Chief of Stakeholder Relations, CalPERS
  1. Presenters
    Michael Cohen, Chief Financial Officer, CalPERS
    Danny Brown, Chief, Legislative Affairs, CalPERS
    Renee Ostrander, Chief, Employer Account Management, CalPERS
    Anthony Suine, Chief, Retirement Benefit Services, CalPERS
    Rob Jarzombek, Chief, Health Account Management, CalPERS
  1. Board Participants
    Fiona Ma
    David Miller
    Jason Perez
    Eraina Ortega
  1. PowerPoint Presentation
    The Road Ahead: Pension & Health Care Issues in 2020 and Beyond (PDF)

12:15 P.M. - Lunch

1:30 P.M. - Break-out Session 1c: Addressing Key Risks to the System (Labor) (PDF)

  1. Room
    Lincoln Plaza North, 1140
  1. Moderator
    Brad Pacheco, Deputy Executive Officer, Communications & Stakeholder Relations, CalPERS
  1. Presenters
    Yu (Ben) Meng, Chief Investment Officer, CalPERS
    Scott Terando, Chief Actuary, CalPERS
    Anne Simpson, CalPERS
  1. Board Participants
    Henry Jones
    Lisa Middleton
    Stacie Olivares
  1. PowerPoint Presentation
    Addressing Key Risks to the System (PDF)

1:30 P.M. - Break-out Session 2c: Health Care (Employers) (PDF)

  1. Room
    Lincoln Plaza West, 1600x
  1. Moderator
    David Teykaerts, Stakeholder Strategy Manager, CalPERS
  1. Presenters
    Marta Green, Chief of Health Plan Research & Administration, CalPERS
    Don Moulds, Chief Health Director, CalPERS
  1. Board Participants
    Betty Yee
    Rob Feckner
    Ramon Rubalcava
    Margaret Brown
  1. PowerPoint Presentation
    Health Care (PDF)

1:30 P.M. - Break-out Session 3c: The Road Ahead: Pension & Health Care Issues in 2020 and Beyond (Retirees) (PDF)

  1. Room
    Lincoln Plaza East, 1821/31
  1. Moderator
    Kelly Fox, Chief of Stakeholder Relations, CalPERS
  1. Presenters
    Michael Cohen, Chief Financial Officer, CalPERS
    Danny Brown, Chief, Legislative Affairs, CalPERS
    Renee Ostrander, Chief, Employer Account Management, CalPERS
    Anthony Suine, Chief, Retirement Benefit Services, CalPERS
    Rob Jarzombek, Chief, Health Account Management, CalPERS
  1. Board Participants
    Fiona Ma
    David Miller
    Jason Perez
    Eraina Ortega
  1. PowerPoint Presentation
    The Road Ahead: Pension & Health Care Issues in 2020 and Beyond (PDF)

3:00 P.M. - ADJOURN

NOTE: All times are approximate and for reference only. The Board of Administration may consider an item at a different time than set forth herein. The Board may take action on any items that are designated for information. Public comment may be taken on any agenda item. There is a three-minute limitation on 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.