Board Meeting April 15, 2026

Wednesday, April 15, 2026
10:00 am

Please note the location change.
This meeting will take place at the Board of Supervisors Chambers at 700 H Street.

If you wish to watch the meeting, you can connect using Zoom here. You can only address the Board in person.

Agenda

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

Item 2 – Public Comment – No Materials

Consent Matters

Item 3 – Minutes of the March 18, 2026 Regular Meeting
Approve the minutes of the March 18, 2026 Regular Meeting.

Item 4 – Minutes of the March 16, 2026 Audit Committee Meeting
Approve the minutes of the March 16, 2026 Audit Committee Meeting.

Item 5 – Disability Retirement Applications
Adopt Proposed Decision of Administrative Law Judge for the following Disability Retirement Applications:

Item 5A – MCGOVERN, Amber (Human Services Specialist II, Department of Human Assistance): Deny a non-service-connected disability retirement.

Item 6 – Ratification of Service Retirement Application Approvals—March 2026
Ratify the service retirement applications that were finalized in March 2026.

Item 7 – State Association of County Retirement Systems (SACRS) Information

Item 7A – Receive and file the SACRS Legislative Update for April 2026.

Item 7B – Approve nominations for SACRS Board of Directors Elections.

Item 8 – CEO Delegated Authority Expense Report—First Quarter 2026
Receive and file the CEO Delegated Authority Expense Report for the quarter ended March 31, 2026.

Item 9 – Monthly Report of Investment Activity—March 2026
Receive and file the Monthly Report of Investment Activity for March 2026.

Executive Reports

Item 10 – Chief Executive Officer’s Report (no action requested)

Item 11 – Chief Investment Officer’s Report
Receive and file CIO Report for the quarter ended March 31, 2026.

Item 12 – Chief Benefits Officer’s Report (no action requested)

Benefits Matters

Item 13 – Marital Dissolution Policy
Approve amendments to the Dissolution of Marriage Documents Policy, rename to Marital Dissolution Policy, and recommend Board of Supervisors adopt Government Code section 31780.2.

Item 14 – Education: Social Security Integration
Receive and file presentation on history and recent events related to Social Security integration with public pension benefits.

Administrative Matters

Item 15 – Technology Report—First Quarter 2026
Receive and file the Technology Report for the quarter ended March 31, 2026.

Item 16 – Independent Financial Statement Auditor
Authorize the Chief Executive Officer to execute a contract with Crowe LLP for independent financial statement audit services for a five-year term in an amount not to exceed $390,000, as recommended by the Audit Committee.

Investment Matters

Item 17 – Investment Manager Compliance and Watch List Report—First Quarter 2026
Receive and file the Investment Manager Compliance and Watch List Report for the quarter ended March 31, 2026.

Item 18 – Education: Overlay Program and Portfolio Rebalancing
Receive and file the Overlay Program and Portfolio Rebalancing presentations by Staff and State Street Investment Management.

Other Matters

Item 19 – Comments from Members of the Board of Retirement

Closed Session

Item 20 – 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 21 – 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.

Item 22 – PURCHASE OR SALE OF PENSION FUND INVESTMENTS
Pursuant to Government Code Section 54956.81, this session shall be closed to consider the purchase or sale of particular, specific pension fund investments.

Adjournment​