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 November 16, 2020

Open Session

9:00 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 November 18, 2020

View Open Session Meeting Transcript (PDF)

Open Session

10:30 a.m.
Or upon adjournment of the Board Governance 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

10:30 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 November 18, 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 September 14 and 16, 2020 and October 16, 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 February 18, 2021 Board of Administration Meeting (PDF)
      3. General Counsel's Report (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 (PDF)David Miller
      6. Board Governance Committee (PDF)Henry Jones
    9. Action Agenda Items
      1. Proposed Decisions of Administrative Law Judges (PDF)Henry Jones
        1. Daniel J. O'Connell (PDF)
          1. Attachment A (PDF)
          2. Attachment B (PDF)
          3. Attachment C (PDF)
        2. James Grima (PDF)
          1. Attachment A (PDF)
          2. Attachment B (PDF)
          3. Attachment C (PDF)
        3. Charles A. Therrien (PDF)
          1. Attachment A (PDF)
          2. Attachment B (PDF)
          3. Attachment C (PDF)
        4. Kim L. Wagstaff (PDF)
          1. Attachment A (PDF)
          2. Attachment B (PDF)
          3. Attachment C (PDF)
        5. Aaron Jason (PDF)
          1. Attachment A (PDF)
          2. Attachment B (PDF)
          3. Attachment C (PDF)
        6. Susan P. Galloway (PDF)
          1. Attachment A (PDF)
          2. Attachment B (PDF)
          3. Attachment C (PDF)
        7. Nubia Zamora (PDF)
          1. Attachment A (PDF)
          2. Attachment B (PDF)
          3. Attachment C (PDF)
        8. Matthew W. Pohl (PDF)
          1. Attachment A (PDF)
          2. Attachment B (PDF)
          3. Attachment C (PDF)
        9. Patricia Gayle Seyburn-Little (PDF)
          1. Attachment A (PDF)
          2. Attachment B (PDF)
          3. Attachment C (PDF)
        10. Bryan J. Boyle (PDF)
          1. Attachment A (PDF)
          2. Attachment B (PDF)
          3. Attachment C (PDF)
        11. Liana D. Taylor (PDF)
          1. Attachment A (PDF)
          2. Attachment B (PDF)
          3. Attachment C (PDF)
        12. James J. Suess (PDF)
          1. Attachment A (PDF)
          2. Attachment B (PDF)
          3. Attachment C (PDF)
        13. Alex N. Ray (PDF)
          1. Attachment A (PDF)
          2. Attachment B (PDF)
          3. Attachment C (PDF)
        14. Christopher G. Stephens (PDF)
          1. Attachment A (PDF)
          2. Attachment B (PDF)
          3. Attachment C (PDF)
      2. Petition for Reconsideration (PDF)Henry Jones
        1. Tawana R. McFarland (PDF)
          1. Attachment A (PDF)
          2. Attachment B (PDF)
          3. Attachment C (PDF)
          4. Attachment D (PDF)
          5. Attachment E (PDF)
      3. State Legislative ProposalsDanny Brown
        1. Disclosure of Private – Debt Records (PDF)
          1. Attachment 1 (PDF)
          2. Attachment 2 (PDF)
        2. Optional Membership – Enrollment Date (PDF)
          1. Attachment 1 (PDF)
        3. Collection on Overpayments – Deduction from Warrants (PDF)
          1. Attachment 1 (PDF)
      4. Approval of Committee Delegations (PDF)Matthew Jacobs
        1. Attachment 1 (PDF)
        2. Attachment 2 (PDF)
        3. Attachment 3 (PDF)
        4. Attachment 4 (PDF)
        5. Attachment 5 (PDF)
        6. Attachment 6 (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. Options for Retaining Fiduciary Counsel (PDF)Matthew Jacobs
      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 September 16, 2020 and October 16, 2020 Board of Administration Closed Session Meeting Minutes
    3. Litigation MattersMatthew Jacobs
      1. Wedding, et al. v. CalPERS, et al. (Los Angeles County Superior Court, Case No. BC517444) (previously denominated as Sanchez, et al. v. CalPERS, et al.)
      2. 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 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.


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.