Board of Administration Educational Day 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.

All times are approximate and for reference only. The Board of Administration may consider an item at an earlier or later time than set forth herein. 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. 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. 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. In accordance with Government Code section 11123.2 (added by Stats. 2023, ch. 216, § 1), Board members may participate remotely via teleconference.

(Agenda items are provided in a PDF format, which require Adobe Reader 8 or higher to view.)

January 16, 2024
Agenda

8:30 a.m. - Open Session

1. Call to Order and Roll Call

8:35 a.m. - Closed Session
Upon Adjournment or Recess of Open Session (Government Code Sections 11126(a)(1), (e), and (g)(1))

1. Chief Executive Officer’s Briefing on Performance, Employment, and Personnel Issues

9:00 a.m. - Open Session

Welcome/Opening

1. Theresa Taylor, President, CalPERS Board of Administration
   Marcie Frost, Chief Executive Officer, CalPERS

9:15 a.m. - Pledge of Allegiance

9:20 a.m. - Election of President/Vice President

9:30 a.m. - Action Items

Proposed Decisions of Administrative Law Judges (PDF)

1. 1. Gena Clark-McKnight (PDF)
   1. Attachment A (PDF)
   2. Attachment B (PDF)
   3. Attachment C (PDF)
2. 2. Tracy Mathews (PDF)
   1. Attachment A (PDF)
   2. Attachment B (PDF)
   3. Attachment C (PDF)
3. 3. Joy D. Jordan (PDF)
   1. Attachment A (PDF)
   2. Attachment B (PDF)
   3. Attachment C (PDF)
4. 4. Zachary D. Dean
   1. Attachment A (PDF)
   2. Attachment B (PDF)
   3. Attachment C (PDF)
5. 5. Debra A. Postil
   1. Attachment A (PDF)
   2. Attachment B (PDF)
   3. Attachment C (PDF)
6. 6. Melanie Doyle (PDF)
   1. Attachment A (PDF)
   2. Attachment B (PDF)
   3. Attachment C (PDF)
8. 7. Sherif R. Abdou (PDF)
   1. Attachment A (PDF)
   2. Attachment B (PDF)
   3. Attachment C (PDF)
9. 8. Kenneth C. Graves (PDF)
1. Attachment A (PDF)
2. Attachment B (PDF)
3. Attachment C (PDF)
10. 9. Christina Medina (PDF)
    1. Attachment A (PDF)
    2. Attachment B (PDF)
    3. Attachment C (PDF)

Petitions for Reconsideration (PDF)

1. 1. Randy N. Monroe (PDF)
   1. Attachment A (PDF)
   2. Attachment B (PDF)
   3. Attachment C (PDF)
   4. Attachment D (PDF)
   5. Attachment E (PDF)
2. 2. Linda C. George (PDF)
   1. Attachment A (PDF)
   2. Attachment B (PDF)
   3. Attachment C (PDF)
   4. Attachment D (PDF)
   5. Attachment E (PDF)

9:35 a.m. - Action Item – Board Travel Approvals (PDF)

1. Attachment 1 (PDF)
   Attachment 2 (PDF)
   Attachment 3 (PDF)
   Attachment 4 (PDF)
   Attachment 5 (PDF)
   Attachment 6 (PDF)
   Attachment 7 (PDF)
   Attachment 8 (PDF)
   Attachment 9 (PDF)

9:40 a.m. - Navigating the Climate Transition: Finding Investment Success in a Climate-Risked World (PDF)

1. Peter Cashion, Managing Investment Director, Sustainable Investments, CalPERS
   Mindy Lubber, Chief Executive Officer and President, Ceres (PDF)

10:10 a.m. Washington D.C. Insight - Policy and Politics (PDF)

1. Danny Brown, Chief, Legislative Affairs Division
   Jeannine Markoe Raymond, Director of Federal Relations, National Association of State Retirement Administrators
   Tyler Gellasch, President & CEO, Healthy Markets Association (PDF)

10:55 a.m. - Break

11:10 a.m. - Diversity, Equity, and Inclusion Activities and Accomplishments Review (PDF)

1. Marlene D’Adamo Timberlake, Chief Diversity, Equity & Inclusion Officer, CalPERS Diversity, Equity & Inclusion, CalPERS
   Geeta Kumar, Manager, CalPERS Diversity Outreach Program
   Brad Pacheco, Deputy Executive Officer, Communications and Stakeholder Relations, CalPERS
   Michelle Tucker, Chief, Human Resources Division, CalPERS
   Doug Hoffner, Chief Operating Officer, Operations and Technology, CalPERS
   Kim Malm, Deputy Executive Officer, Customer Services & Support, CalPERS
   David Rubio, Chief, Customer Education & Outreach Division, CalPERS
   Dr. Julia Logan, Chief Clinical Director, CalPERS
   Don Moulds, Chief Health Director, CalPERS
   Dallas Stone, Chief, Operations Support Services Division, CalPERS
   Anton Orlich, Managing Investment Director, Private Equity. CalPERS
   Drew Hambly, Investment Director, Corporate Governance, CalPERS
   Michael Silva, Investment Officer III, Emerging Manager Program, CalPERS
2. Powerpoint Presentation (PDF)

12:40 p.m. - Lunch

1:20 p.m. - A Conversation About the Office of Health Care Affordability (PDF)

1. Don Moulds, Chief Health Director, CalPERS
   Vishaal Pegany, Deputy Director, Office of Health Care Affordability (PDF)
2. Powerpoint Presentation (PDF)

2:05 p.m. - Annual Board Fiduciary Training (PDF)

1. Matthew Jacobs, General Counsel, CalPERS
   Ashley Dunning, Co-Chair, Pension, Benefits & Investments Group, Nossaman LLP
2. Powerpoint Presentation (PDF)

3:20 p.m. - Break

3:35 p.m. - Cybersecurity Threat Landscape and Considerations for Board Members (PDF)

1. Albert Arboleda, Chief Information Security Officer, CalPERS
   Aravind Swaminathan, Orrick Herrington & Sutcliffe LLP
   Jamie Parker, Mandiant Inc.
2. Powerpoint Presentations
   Cybersecurity Current Perspectives for Boards (PDF)
   CalPERS Cyber Threat Brief 2023 Insights into today’s top cyber security trends and attacks (PDF)

4:20 p.m. - Public Comment

4:35 p.m. - Approval to Meet in Closed Session Pursuant to Government Code Section 11126(c)(18)(A)

Closed Session

Upon Adjournment or Recess of Open Session (Government Code sections 11126(a)(1), (c)(18)(A), (e), and (g)(1))

Call to Order and Roll Call

CalPERS Information Security Roadmap

1. Albert Arboleda, Chief Information Security Officer, CalPERS
   Stephenson Loveson, Chief Information Officer, CalPERS
   Matthew Jacobs, General Counsel, CalPERS

Litigation Items – Matthew Jacobs

1. 1. Wedding, et al. v. CalPERS, et al. (Los Angeles County Superior Court, Case No. BC517444)
   2. General Counsel’s Update on Pending Litigation

5:20 p.m. - Open Session

Report out on CalPERS Information Security Road Map

1. President, CalPERS Board of Administration

Adjournment of Meeting