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
- 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
- Moderator
Liana Bailey-Crimmins, Chief Information Security Officer, CalPERS
- Presenter (PDF)
Aravind Swaminathan, Partner, Orrick Herrington & Sutcliffe
- PowerPoint Presentation
Cybersecurity: Governance and Best Practices in a Shifting Threat Landscape (PDF)
- Approval to Meet in Closed Session Pursuant to Government Code Section 11126(c)(18)(A)
- Closed Session (Government Code section 11126(c)(18)(A))
- Information Security Update and Cybersecurity Briefing
- Open Session
- Report Out on Information Security Update and Cybersecurity Briefing
10:30 A.M. - Break
- Moderator
Scott Terando, Chief Actuary, CalPERS
- Presenters
Fritzie Archuleta, Deputy Chief Actuary, CalPERS
Randall Dziubek, Deputy Chief Actuary, CalPERS
- PowerPoint Presentation
Actuarial Essentials (PDF)
11:45 A.M. - Lunch Break
- Moderator
Matthew Jacobs, General Counsel, CalPERS
- Presenter (PDF)
Ashley Dunning, Partner, Nossaman LLP
- PowerPoint Presentation
Fiduciary Principles to Guide Public Retirement System Trustees (PDF)
2:15 P.M. - Break
- Moderator
Don Moulds, Chief Health Director, CalPERS
- Presenters (PDF)
Niall Brennan, President and CEO, Health Care Cost Institute
Kristof Stremikis, Director of Market Analysis and Insight, California Healthcare Foundation
- 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)
- Moderator
Marcie Frost, Chief Executive Officer, CalPERS
- 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))
- Personnel, Employment, Performance and Investment Strategy
- Litigation Matters
- a. Sanchez, et al. v. CalPERS, et al. (Los Angeles County Superior Court, Case No. BC517444)
- b. Centinela Capital Partners, LLC v. CalPERS, et al. (California Court of Appeal for the Second District, Case No. B284595)
- c. Kesterson, et al. v. CalPERS (Los Angeles County Superior Court, Case No. BC502628)
- 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
- Room
CalPERS Auditorium
Henry Jones, President, CalPERS Board of Administration
- Room
Lincoln Plaza North, 1140
- Moderator
Brad Pacheco, Deputy Executive Officer, Communications & Stakeholder Relations, CalPERS
- Presenters
Yu (Ben) Meng, Chief Investment Officer, CalPERS
Scott Terando, Chief Actuary, CalPERS
Anne Simpson, CalPERS
- Board Participants
Henry Jones
Lisa Middleton
Theresa Taylor
Stacie Olivares
- PowerPoint Presentation
Addressing Key Risks to the System (PDF)
- Room
Lincoln Plaza West, 1600x
- Moderator
David Teykaerts, Stakeholder Strategy Manager, CalPERS
- Presenters
Marta Green, Chief of Health Plan Research & Administration, CalPERS
Don Moulds, Chief Health Director, CalPERS
- Board Participants
Betty Yee
Rob Feckner
Ramon Rubalcava
Margaret Brown
- PowerPoint Presentation
Health Care (PDF)
- Room
Lincoln Plaza East, 1821/31
- Moderator
Kelly Fox, Chief of Stakeholder Relations, CalPERS
- 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
- Board Participants
Fiona Ma
David Miller
Jason Perez
Eraina Ortega
- PowerPoint Presentation
The Road Ahead: Pension & Health Care Issues in 2020 and Beyond (PDF)
10:30 A.M. - Break
- Room
Lincoln Plaza North, 1140
- Moderator
Brad Pacheco, Deputy Executive Officer, Communications & Stakeholder Relations, CalPERS
- Presenters
Yu (Ben) Meng, Chief Investment Officer, CalPERS
Scott Terando, Chief Actuary, CalPERS
Anne Simpson, CalPERS
- Board Participants
Henry Jones
Lisa Middleton
Theresa Taylor
Stacie Olivares
- PowerPoint Presentation
Addressing Key Risks to the System (PDF)
- Room
Lincoln Plaza West, 1600x
- Moderator
David Teykaerts, Stakeholder Strategy Manager, CalPERS
- Presenters
Marta Green, Chief of Health Plan Research & Administration, CalPERS
Don Moulds, Chief Health Director, CalPERS
- Board Participants
Betty Yee
Rob Feckner
Ramon Rubalcava
Margaret Brown
- PowerPoint Presentation
Health Care (PDF)
- Room
Lincoln Plaza East, 1821/31
- Moderator
Kelly Fox, Chief of Stakeholder Relations, CalPERS
- 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
- Board Participants
Fiona Ma
David Miller
Jason Perez
Eraina Ortega
- PowerPoint Presentation
The Road Ahead: Pension & Health Care Issues in 2020 and Beyond (PDF)
12:15 P.M. - Lunch
- Room
Lincoln Plaza North, 1140
- Moderator
Brad Pacheco, Deputy Executive Officer, Communications & Stakeholder Relations, CalPERS
- Presenters
Yu (Ben) Meng, Chief Investment Officer, CalPERS
Scott Terando, Chief Actuary, CalPERS
Anne Simpson, CalPERS
- Board Participants
Henry Jones
Lisa Middleton
Stacie Olivares
- PowerPoint Presentation
Addressing Key Risks to the System (PDF)
- Room
Lincoln Plaza West, 1600x
- Moderator
David Teykaerts, Stakeholder Strategy Manager, CalPERS
- Presenters
Marta Green, Chief of Health Plan Research & Administration, CalPERS
Don Moulds, Chief Health Director, CalPERS
- Board Participants
Betty Yee
Rob Feckner
Ramon Rubalcava
Margaret Brown
- PowerPoint Presentation
Health Care (PDF)
- Room
Lincoln Plaza East, 1821/31
- Moderator
Kelly Fox, Chief of Stakeholder Relations, CalPERS
- 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
- Board Participants
Fiona Ma
David Miller
Jason Perez
Eraina Ortega
- 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.)