Board of Administration Agenda

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 18, 2020

View Open Session Meeting Transcript (PDF)

Open Session

8:30 a.m.

1. Item
   1. Call to Order and Roll Call

Closed Session

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

1. Item
   1. Chief Executive Officer's Briefing on Performance, Employment, and Personnel Items

Meeting Agenda for February 19, 2020

View Open Session Meeting Transcript (PDF)

Open Session

8:30 a.m.

1. Item
   1. Call to Order and Roll Call

Closed Session

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

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

Open Session

8:45 a.m.
Or upon adjournment of the Closed Session – Whichever is later

1. Item
   1. Call to Order and Roll Call (PDF)
   2. Approval of the February 19, 2020 Board of Administration Timed Agenda (PDF)
   3. Pledge of AllegianceHenry 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 18, 2019 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 18, 2020 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 (Oral Report)
      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 ItemsHenry Jones
      1. Proposed Decisions of Administrative Law Judges (PDF)Henry Jones
         1. Esmeralda Mondragon
            1. Attachment A
            2. Attachment B
            3. Attachment C
         2. Eddie A. McDonald
            1. Attachment A
            2. Attachment B
            3. Attachment C
         3. Andrew C. Sisk
            1. Attachment A
            2. Attachment B
            3. Attachment C
         4. Mongi B. Yacoubi
            1. Attachment A
            2. Attachment B
            3. Attachment C
         5. Sheldon K. Scarber
            1. Attachment A
            2. Attachment B
            3. Attachment C
         6. Won B. Baek
            1. Attachment A
            2. Attachment B
            3. Attachment C
         7. John A. Serrano
            1. Attachment A
            2. Attachment B
            3. Attachment C
         8. Kristoffer L. Barton
            1. Attachment A
            2. Attachment B
            3. Attachment C
         9. Duane J. Whitcomb
            1. Attachment A
            2. Attachment B
            3. Attachment C
         10. Mark R. Dana
             1. Attachment A
             2. Attachment B
             3. Attachment C
         11. Raymond C. Leblanc
             1. Attachment A
             2. Attachment B
             3. Attachment C
         12. Curt Hawker
             1. Attachment A
             2. Attachment B
             3. Attachment C
         13. Anastasia (Stacey) Conley-Van Hook (Reginald Van Hook, dec.)
             1. Attachment A
             2. Attachment B
             3. Attachment C
         14. Dave Murphy (Bonnie Murphy, dec.)
             1. Attachment A
             2. Attachment B
             3. Attachment C
         15. Mario U. Manansala, Jr.
             1. Attachment A
             2. Attachment B
             3. Attachment C
         16. David E. Jaffe
             1. Attachment A
             2. Attachment B
             3. Attachment C
         17. Kerry S. Danis
             1. Attachment A
             2. Attachment B
             3. Attachment C
      2. Petitions for Reconsideration (PDF)Henry Jones
         1. Dina D. Bitton (Philip S. Ryan, dec.)
            1. Attachment A
            2. Attachment B
            3. Attachment C
            4. Attachment D
            5. Attachment E
         2. Lillie B. Sample
            1. Attachment A
            2. Attachment B
            3. Attachment C
            4. Attachment D
            5. Attachment E
      3. Request for Precedential Decision
         1. Dudley J. Lang
            1. Attachment A
      4. State Legislative Proposal: Technical Amendments to the Public Employees' Retirement Law (PDF)Danny Brown
      5. State Legislative Proposal: Disclosure of Private Debt (PDF)Danny Brown
   10. Information Agenda Items
       1. Enterprise Performance Reporting - Second Quarter Update (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

Closed Session

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

1. Item
   1. Call to Order and Roll Call
   2. Approval of the December 18, 2019 and January 21, 2020 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. CalPERS v. Redstone, et al. (Delaware Court of Chancery, Case No. 2020-0025-JRS)
      3. Liu v. CalPERS (Los Angeles County Superior Court, Case No. 19STCP04056)
      4. General Counsel's Update on Pending Litigation

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.)