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 September 14, 2020

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 September 16, 2020

Open Session

9:00 a.m.
Or upon adjournment of the Performance, Compensation & Talent Management Committee – Whichever is later

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

9:00 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 September 16, 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 June 15 and 17, 2020 and July 14 and 15, 2020 Board of Administration Meeting Minutes (PDF)
      2. Board Travel Approvals
      3. Approval of Nomination of Board Member to Outside Board (PDF)
   7. Information Consent ItemsHenry Jones
      1. Board Meeting Calendar (PDF)
      2. Draft Agenda for the November 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 (PDF)Theresa Taylor
      2. Pension & Health Benefits Committee (PDF)Rob Feckner
      3. Finance & Administration Committee (PDF)Theresa Taylor
      4. Performance, Compensation & Talent Management Committee (PDF)Rob Feckner
      5. Risk & Audit Committee (Oral Report)David Miller
      6. Board Governance Committee (PDF)Henry Jones
         1. Attachment 1 (PDF)
   9. Action Agenda Items
      1. Proposed Decisions of Administrative Law Judges (PDF)Henry Jones
         1. Firefighters of Los Alamitos (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         2. Tawanna R. McFarland (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         3. Susan P. Galloway (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         4. Ernest C. Shepherd (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         5. Harold Jennings (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         6. Lloyd A. Getchell (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         7. Regina T. Shcueneman (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         8. Geri E. Chilelli (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
      2. Petitions for Reconsideration (PDF)Henry Jones
         1. Kimberly A. O'Donnell (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
            4. Attachment D (PDF)
            5. Attachment E (PDF)
      3. Request for Precedential DecisionHenry Jones
         1. Dudley J. Lang (PDF)
            1. Attachment A (PDF)
            2. Attachment B1 (PDF)
            3. Attachment B2 (PDF)
            4. Attachment C (PDF)
            5. Attachment D (PDF)
   10. Information Agenda Items
       1. State and Federal Legislation Update (PDF)Danny Brown
          1. Attachment 1 (PDF)
          2. Attachment 2 (PDF)
          3. Attachment 3 (PDF)
       2. Summary of Board Direction (Oral Report)Marcie Frost
       3. 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(a)(1), (c)(18)(A), (e), and (g)(1))

1. Item
   1. Call to Order and Roll Call
   2. Approval of the June 17, 2020 Board of Administration Closed Session Meeting Minutes
   3. Information Security Update and Cybersecurity Briefing
   4. Litigation MattersMatthew Jacobs
      1. Sanchez, et al. v. CalPERS, et al. (Los Angeles County Superior Court, Case No. BC517444)
      2. Nancy Michaels v. CalPERS et al. (Sacramento County Superior Court, Case No. 34-2017-00223756)
      3. General Counsel's Update on Pending Litigation

Open Session

1. Item
   1. Report out on Information Security Update and Cybersecurity Briefing

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 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.) Members of the public may provide public comment via telephone by calling (800) 259-4105.
4. In accordance with Executive Orders N-29-20, N-33-20, and the stay-at-home orders and social distancing measures put in place throughout California, Board members will participate via videoconference.