Board of Administration Agenda September 13, 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 September 13, 2021

View September 13, 2021 Board of Administration 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 September 15, 2021

View September 15, 2021 Board of Administration Open Session Meeting Transcript (PDF)

Open Session

9:30 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), (c)(17), (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

9:30 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 September 15, 2021 Board of Administration Timed Agenda (PDF)
   3. Pledge of AllegianceHenry Jones
   4. Board President's Report (Verbal Report)Henry Jones
   5. Chief Executive Officer's Report (Verbal Report)Marcie Frost
   6. Action Consent ItemsHenry Jones
      1. Approval of the June 16, 2021 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 November 17, 2021 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)David Miller
      4. Performance, Compensation & Talent Management Committee (PDF)Rob Feckner
      5. Risk & Audit Committee (PDF)Lisa Middleton
      6. Board Governance Committee (PDF)Henry Jones
   9. Action Agenda Items
      1. Proposed Decisions of Administrative Law Judges (PDF)Henry Jones
         1. Philip K. Mosley (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         2. Jeffrey G. Lashmet (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         3. David R. Allen (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         4. Vivian A. Hogge (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         5. Nicholas Megazzi (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         6. Priscilla Castaneda (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         7. Richard Brazil (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         8. Robin Rothwell-Allison (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         9. Richard B. Cory (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         10. David Vigil (PDF)
             1. Attachment A (PDF)
             2. Attachment B (PDF)
             3. Attachment C (PDF)
         11. Patricia L. Cornely (PDF)
             1. Attachment A (PDF)
             2. Attachment B (PDF)
             3. Attachment C (PDF)
         12. Wendell Bennett (PDF)
             1. Attachment A (PDF)
             2. Attachment B (PDF)
             3. Attachment C (PDF)
         13. Cecilia LeBlanc (PDF)
             1. Attachment A (PDF)
             2. Attachment B (PDF)
             3. Attachment C (PDF)
         14. Todd D. Hopkins (PDF)
             1. Attachment A (PDF)
             2. Attachment B (PDF)
             3. Attachment C (PDF)
         15. Irene Santiago (PDF)
             1. Attachment A (PDF)
             2. Attachment B (PDF)
             3. Attachment C (PDF)
         16. John E. Medcalf (PDF)
             1. Attachment A (PDF)
             2. Attachment B (PDF)
             3. Attachment C (PDF)
      2. Chief Executive Officer's 2020-21 Incentive Award and 2021-22 Base Salary (PDF)Michelle Tucker
   10. Information Agenda Items
       1. State and Federal Legislation Update (PDF)Danny Brown
          1. Attachment 1 (PDF)
          2. Attachment 2 (PDF)
       2. Summary of Board Direction (Verbal 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 June 16, 2021 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)
      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-08-21, N-33-20, and the stay-at-home orders and social distancing measures put in place throughout California, Board members will participate via videoconference.