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UID:10000075-1710928800-1710928800@scers.gov
SUMMARY:Board Meeting March 20\, 2024
DESCRIPTION:Agenda\nMinutes \nOpen Session\nItem 1 – Call to Order/Roll Call – No Materials \nItem 2 – Public Comment – No Materials \nConsent Matters\nItem 3 – Minutes of the February 21\, 2024 Regular Meeting\nApprove the minutes of the February 21\, 2024 Regular Meeting. \nItem 4 – Disability Retirement Applications\nAdopt Staff’s recommendations for the following Disability Retirement Applications: \nItem 4A – LEAHY-GRAHAM\, Megan (Assistant Deputy Clerk/Recorder\, County Clerk/Recorder): Grant a non-service-connected disability retirement. (confidential) \nItem 4B – ROBERTSON\, Michael (Sheriff Sergeant\, Sheriff’s Department): Grant a service-connected disability retirement. (confidential) \nItem 5 – Ratification of Service Retirement Application Approvals—February 2024\nRatify the service retirement applications that were finalized in February 2024. \nItem 6 – State Association of County Retirement Systems Legislative Update—March 2024\nReceive and file the State Association of County Retirement Systems (SACRS) Legislative Update for March 2024. \nItem 7 – Board Policies\nApprove amendments to or re-affirm the following Board Policies. \nItem 7A – Alternative Asset Investment Standard of Care Policy \nItem 7B – Board and Staff Trading Policy \nItem 7C – Electronic Signatures Policy \nItem 8 – Monthly Report of Investment Activity—March 2024\nReceive and file the Monthly Report of Investment Activity—March 2024 \nExecutive Reports\nItem 9 – Chief Executive Officer’s Report – No Materials \nItem 10 – Chief Investment Officer’s Report – No Materials \nItem 11 – Chief Benefits Officer’s Report – No Materials \nAdministrative Matters\nItem 12 – CEO Delegated Authority Policy for Expenses\nApprove amendments to CEO Delegated Authority Policy for Expenses regarding travel reimbursement and other clarifications. \nItem 13 – 2024-25 Budget Preview\nReceive and file presentation regarding anticipated changes in SCERS’ 2024-25 annual budget. \nInvestment Matters\nItem 14 – Global Equity: Manager Recommendation\nApprove an investment of approximately $130 million with Arrowstreet Capital LP (ACWI Alpha Extension 130/30/20 strategy) and authorize the Chief Executive Officer to execute any necessary documents or agreements; and\, authorize Staff to determine the most effective method for transitioning assets and execute any necessary documents or agreements to effectuate the transition of assets. \nItem 15 – Proxy Voting Policy\nApprove amendments to Proxy Voting Policy to permit investment managers to vote proxies on SCERS’ behalf in certain circumstances. \nItem 16 – Annual Investment Operations Report\nReceive and file Annual Investment Operations Report for 2023. \nItem 17 – Quarterly Investment Performance Report—Alternative Assets\nReceive and file the performance report for the periods ended December 31\, 2023 for the Absolute Return portfolio\, and the periods ended September 30\, 2023 for the Private Equity\, Private Credit\, and Real Assets portfolios\, as presented by Cliffwater\, LLC. \nItem 18 – Quarterly Investment Performance Report—Real Estate\nReceive and file the performance report on real estate investments for the quarter ended December 31\, 2023\, as presented by Townsend Group. \nItem 19 – Education: Absolute Return Asset Class\nReceive and file presentation on Absolute Return asset class. \nOther Matters\nItem 20 – Comments from Members of the Board of Retirement – No Materials \nClosed Session\nItem 21 – CONFERENCE WITH LEGAL COUNSEL—ANTICIPATED LITIGATION (confidential)\nPursuant to Government Code Section 54956.9(d)(2)\, this session shall be closed for the Board to discuss significant exposure to litigation to which SCERS may be a party in one (1) case. \nItem 22 – PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS (confidential)\nPursuant 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 4\, above. This item will be withdrawn in whole or in part if approved on Consent as recommended by staff. \nAdjournment​
URL:https://scers.gov/event/board-meeting-march-20-2024/
LOCATION:SCERS Board Room\, 980 9th Street\, Sacramento\, CA\, 95814
CATEGORIES:Board Meetings
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