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Agenda

Open Session

Item 1 - Call to Order / Roll Call - No Materials

Item 2 - Public Comment – No Materials

Consent Matters

Item 3 - Minutes of the January 15, 2025 Regular Meeting
Approve the minutes of the January 15, 2025 Regular Meeting.

Item 4 - Disability Retirement Applications
Adopt Staff’s recommendations for the following Disability Retirement Applications:

Item 4A - BELL, Brian (Deputy Sheriff, Sheriff’s Department): Grant a service-connected disability retirement.

Item 4B - FOUNTAIN, Thomas (Deputy Sheriff, Sheriff’s Department): Grant a service-connected disability retirement.

Item 4C - MORTON, Michael (Deputy Sheriff, Sheriff’s Department): Grant a service-connected disability retirement.

Item 4D - STEARNS, Burk (Lieutenant Sheriff, Sheriff’s Department): Grant a service-connected disability retirement.

Item 4E - UTTERBACK, Steven (Heavy Equipment Technician, General Services): Grant a service-connected disability retirement.

Item 5 - Ratification of Service Retirement Application Approvals—January 2025
Ratify the service retirement applications that were finalized in January 2025.

Item 6 - State Association of County Retirement Systems Legislative Update—February 2025
Receive and file the State Association of County Retirement Systems (SACRS) Legislative Update for February 2025.

Item 7 - Annual Cost-of-Living Adjustment (COLA)
Approve COLA adjustments effective April 1, 2025.

Item 8 – Portfolio Allocation and Rebalancing Report—Fourth Quarter 2024
Receive and file the Portfolio Allocation and Rebalancing Report for quarter ended December 31, 2024.

Item 9 - Monthly Report of Investment Activity—January 2025
Receive and file the Monthly Report of Investment Activity for January 2025.

Executive Reports

Item 10 - Chief Executive Officer’s Report – No Materials

Item 11 - Chief Investment Officer’s Report – No Materials

Item 12 - Chief Benefits Officer’s Report – No Materials

Administrative Matters

Item 13 - Technology Services
Authorize the Chief Executive Officer to engage QualApps for technology development services in an amount not to exceed $280,000 and execute all necessary documents.

Item 14 – Strategic Management Plan Annual Report
Receive and file the Strategic Management Plan Annual Report for 2024.

Item 15 - Strategic Vision Plan Project Update
Receive and file update on Strategic Vision Plan project.

Investment Matters

Item 16 - Education: Private Credit
Receive and file presentation on private credit investing by Ares Management.

Item 17 - ALM Study
Receive and file the Asset Liability Modeling (ALM) Study presentation by SCERS’ staff and general investment consultant, Verus.

Item 18 - Consultant/Service Provider Contract Timelines—Updated
Receive and file the updated report on contract terms for consultant and service provider relationships.

Item 19 - Total Fund Investment Performance Review Report—Fourth Quarter 2024
Receive and file the performance report for the quarter ended December 31, 2024, as presented by Verus.

Other Matters

Item 20 - Comments from Members of the Board of Retirement - No Materials

Closed Session

Item 21 - CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION
Pursuant to Government Code Section 54956.9(d)(1), this session shall be closed for the Board to discuss formally initiated litigation to which SCERS is a party: SCERS vs. Telus Health (US) Ltd., United States District Court, Eastern District of California, Case No. 2:24-cv-01431-JAM-DB

Item 22 - PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS 
Pursuant to Government Code Section 54957(b), this session shall be closed for the Board to discuss the employment of public employees, specifically, the disability retirement applicants referenced in Item 5 above. This item will be withdrawn in whole or in part if approved on Consent as recommended by staff

Adjournment​