Board Meeting January 15, 2025

Wednesday, January 15, 2025
10:00 am – 10:00 am

Agenda
Minutes

Open Session

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

Item 2 – Swearing-In Ceremony – No Materials

Item 3 – Public Comment – No Materials

Consent Matters

Item 4 – Minutes of the December 11, 2024 Regular Meeting
Approve the minutes of the December 11, 2024 Regular Meeting.

Item 5 – Disability Retirement Applications
Adopt Staff’s recommendations for the following Disability Retirement Applications:

Item 5A – COTA, David (Lead Electrician, Regional Sanitation District): Grant a service-connected disability retirement.

Item 5B – CROUCH, Kenneth (Deputy Sheriff, Sheriff’s Department): Grant a service-connected disability retirement.

Item 5C – IOSIF, Ileana (Deputy Sheriff, Sheriff’s Department): Grant a service-connected disability retirement.

Item 5D – KELLY, Marisa (Human Service Supervisor Master’s Degree, Department of Child, Family, and Adult Services): Grant a service-connected disability retirement.

Item 5E – WEST, Mark (Stormwater Utility Worker, Water Resources): Grant a service-connected disability retirement.

Item 6 – Ratification of Service Retirement Application Approvals—December 2024
Ratify the service retirement applications that were finalized in December 2024.

Item 7 – Disability Retirement Procedures
Re-affirm the Disability Retirement Procedures with minor amendments.

Item 8 – Annual Board Education Compliance Report 
Receive and file the annual Board Education Compliance Report for 2024.

Item 9 – CEO Delegated Authority Expense Report—Fourth Quarter 2024
Receive and file the CEO Delegated Authority Expense Report for quarter ended December 31, 2024.

Item 10 – Monthly Report of Investment Activity—December 2024
Receive and file the Monthly Report of Investment Activity for  December 2024.

Executive Reports

Item 11 – Chief Executive Officer’s Report – No Materials

Item 12 – Chief Investment Officer’s Report – No Materials

Item 13 – Chief Benefits Officer’s Report – No Materials

Administrative Matters

Item 14 – Annual Discharge of Uncollectible Receivables
Approve the discharge of $98,334.25 of uncollectible receivables. 

Item 15 – CEO Delegated Authority Policy for Expenses
Approve amendments to CEO Delegated Authority Policy for Expenses.

Item 16 – Media and Legislative Relations Policy
Approve new Media and Legislative Relations Policy.

Item 17 – Risk Assessment Project
Receive and file Risk Assessment Project Overview, as presented by Larry Jensen, Audit & Risk Management Services.

Item 18 – Technology Report—Fourth Quarter 2024
Receive and file the Technology Report for the quarter ended December 31, 2024.

Investment Matters

Item 19 – Investment Manager Compliance and Watch List Report—Fourth Quarter 2024
Receive and file the Investment Manager Compliance and Watch List Report for the quarter ended December 31, 2024.

Item 20 – Consultant/Service Provider Contract Timelines
Receive and file report on contract terms for consultant and service provider relationships.

Other Matters

Item 21 – Comments from Members of the Board of Retirement – No Materials

Closed Session

Item 22 – 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 23 – 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​