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 October 16, 2020

View Open Session Meeting Transcript (PDF)

Open Session

10:00 a.m.

1. Item
   1. Call to Order and Roll Call (PDF)

Closed Session

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

1. Item
   1. Call to Order and Roll Call
   2. Information Agenda Items
      1. Chief Investment Officer Recruitment: Search Strategy TargetsMarcie Frost; Michael Kennedy of Korn Ferry

Open Session

Upon adjournment of the Closed Session

1. Item
   2. Call to Order and Roll Call (PDF)
   3. Approval of the October 16, 2020 Board of Administration Timed Agenda (PDF)
   4. Pledge of AllegianceHenry Jones
   5. Chief Executive Officer's Report (Oral Report)Marcie Frost
   6. Action Agenda Items
      1. Incentive Compensation Recommendations for the Chief Investment Officer Position (PDF)Michelle Tucker; Eric Gonzaga of Grant Thornton LLP
         1. Attachment 1 (PDF)
   7. Information Agenda Items
      1. Chief Investment Officer Recruitment: Recruitment Search Process and Timeline and Solicitation of Board Member Input on CIO Skills and Characteristics (PDF)Marcie Frost; Michael Kennedy of Korn Ferry
         1. Attachment 1 (PDF)
      2. Summary of Board Direction (Oral Report)Marcie Frost
      3. Public Comment

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.