Board of Administration Agenda February 16, 2021

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 16, 2021

View Open Session Meeting Transcript (PDF)

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 February 18, 2021

View Open Session Meeting Transcript (PDF)

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 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 February 18, 2021 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 November 18, 2020 and December 15, 2020 Board of Administration Meeting Minutes (PDF)
      2. Board Travel Approvals
    7. Information Consent ItemsHenry Jones
      1. Board Meeting Calendar (PDF)
      2. Draft Agenda for the March 17, 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)
      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 Items
      1. Proposed Decisions of Administrative Law Judges (PDF)Henry Jones
        1. Brad A. Sandona
          1. Attachment A
          2. Attachment B
          3. Attachment C
        2. Melissa A. Ramirez
          1. Attachment A
          2. Attachment B
          3. Attachment C
        3. Henry Moreno
          1. Attachment A
          2. Attachment B
          3. Attachment C
        4. Joseph J. Pedevilla
          1. Attachment A
          2. Attachment B
          3. Attachment C
        5. Brooke R. Moore
          1. Attachment A
          2. Attachment B
          3. Attachment C
        6. Josephine D. Saludez
          1. Attachment A
          2. Attachment B
          3. Attachment C
        7. Sang Il Kwon
          1. Attachment A
          2. Attachment B
          3. Attachment C
        8. Dustin E. Morgan
          1. Attachment A
          2. Attachment B
          3. Attachment C
        9. Keri M. Valentine
          1. Attachment A
          2. Attachment B
          3. Attachment C
        10. Donaldo Wilson
          1. Attachment A
          2. Attachment B
          3. Attachment C
        11. Jona Trbovich
          1. Attachment A
          2. Attachment B
          3. Attachment C
        12. Joshua I. Pero
          1. Attachment A
          2. Attachment B
          3. Attachment C
        13. Monnie Wright
          1. Attachment A
          2. Attachment B
          3. Attachment C
        14. Maisha Morris
          1. Attachment A
          2. Attachment B
          3. Attachment C
        15. Toni-Nadine Brack
          1. Attachment A
          2. Attachment B
          3. Attachment C
        16. Howard Lucas
          1. Attachment A
          2. Attachment B
          3. Attachment C
        17. Marsha Stephani-Sizemore
          1. Attachment A
          2. Attachment B
          3. Attachment C
        18. Grayden A. Barker, Jr. (dec.)
          1. Attachment A
          2. Attachment B
          3. Attachment C
        19. Miriam M. Tolson (dec.)
          1. Attachment A
          2. Attachment B
          3. Attachment C
        20. Olga Cid
          1. Attachment A
          2. Attachment B
          3. Attachment C
        21. Michael L. Shinn
          1. Attachment A
          2. Attachment B
          3. Attachment C
        22. Mark A. Manning
          1. Attachment A
          2. Attachment B
          3. Attachment C
        23. Justin Dean
          1. Attachment A
          2. Attachment B
          3. Attachment C
        24. Donald Ford
          1. Attachment A
          2. Attachment B
          3. Attachment C
        25. Jose R. Martinez III
          1. Attachment A
          2. Attachment B
          3. Attachment C
        26. Mary Tavera
          1. Attachment A
          2. Attachment B
          3. Attachment C
        27. Patricia Lozano
          1. Attachment A
          2. Attachment B
          3. Attachment C
        28. Anita Jimenez
          1. Attachment A
          2. Attachment B
          3. Attachment C
        29. Summer Cordova
          1. Attachment A
          2. Attachment B
          3. Attachment C
        30. Gina P. Walls
          1. Attachment A
          2. Attachment B
          3. Attachment C
        31. Joanna L. Perez
          1. Attachment A
          2. Attachment B
          3. Attachment C
        32. Lyn C.H. Krieger
          1. Attachment A
          2. Attachment B
          3. Attachment C
        33. Gerhardt J. Hubner
          1. Attachment A
          2. Attachment B
          3. Attachment C
        34. Charles Swart
          1. Attachment A
          2. Attachment B
          3. Attachment C
    10. Information Agenda Items
      1. State and Federal Legislation Update (PDF)Danny Brown
        1. Attachment (PDF)
      2. Summary of Board Direction (Oral Report)Marcie Frost
      3. 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 November 18, 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 agenda items in accordance with applicable law. Public comment will not be taken on agenda items relating to the administrative adjudication of individual cases. 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.

Resources

Location

Feckner Auditorium
Lincoln Plaza North
400 P Street
Sacramento, CA 95811

Security

For your safety, attendees are screened upon entering the auditorium.