Risk and Audit Committee - February 20, 2024

Oversees system soundness, enterprise risk management, internal and external audits, privacy and information security, ethics, compliance and other independent reassurance activities.

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

Items designated for Information are appropriate for Committee Action if the Committee wishes to take action. Any Agenda Item from a properly noticed Committee meeting may be considered by the Board at a subsequent Board meeting. 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. There is a three-minute limitation on 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. Board members may attend meetings of committees of which they are not members and participate in the discussions during those meetings. In accordance with Government Code section 11123.2 (added by Stats. 2023, ch. 216, § 1), Board members may participate remotely via teleconference.

Meeting Agenda for February 20, 2024

View February 20, 2024 Risk & Audit Committee Open Session Meeting Transcript (PDF)

Open Session

8:45 a.m.
Or upon adjournment of the Board of Administration Closed Session – Whichever is later

1. Item
   1. Call to Order and Roll Call
   2. Election of the Risk and Audit Committee Chair and Vice Chair
   3. Executive Report Kevin L. Fein
   4. Action Consent ItemsKevin L. Fein
      1. Approval of the February 20, 2024, Risk and Audit Committee Timed Agenda
      2. Approval of the November 14, 2023, Risk and Audit Committee Meeting Minutes
   5. Information Consent ItemsKevin L. Fein
      1. Annual Calendar ReviewKevin L. Fein
      2. Draft Agenda for the June 2024 Risk and Audit Committee Meeting
      3. Quarterly Status Report - Office of Audit Services
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      4. Status Report - Enterprise Risk Management
         1. Attachment 1 (PDF)
      5. Status Report – Enterprise Compliance Activity
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
   6. Information Agenda Items
      1. 2023-24 Enterprise Compliance and Risk Management Mid-Year Plan Update Kevin L. Fein
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
      2. Third Party Valuation and Certification of the 2022 CalPERS Annual Valuations of the Judges, Judges II, Legislators, and 59 Survivor Pension Plans Fritzie Archuleta and Buck Global, LLC
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
         4. Attachment 4 (PDF)
      3. Summary of Committee Direction Kevin L. Fein
      4. Public Comment

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. Action Consent Items Kevin L. Fein
      1. Approval of the November 14, 2023 Risk and Audit Committee Closed Session Meeting Minutes
   3. Information Agenda Items
      1. Personnel, Employment and Performance, Chief Compliance Officer Kevin L. Fein
      2. Personnel, Employment and Performance, Chief AuditorBeliz Chappuie

Open Session

Upon Adjournment or Recess of Closed Session

1. Item
   1. Adjournment of Meeting