Board Meeting September 16, 2026

Wednesday, September 16, 2026
10:00 am

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 August 19, 2026 Regular Meeting
Approve the minutes of the August 19, 2026 Regular Meeting.

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

Item 4A – BLAKE, Joshua (Landfill Equipment Operator, Sacramento County Department of Waste Management): Grant a service-connected disability retirement.

Item 4B – CUNEO, David (Sheriff Sergeant, Sacramento County Sheriff’s Department): Grant a service-connected disability retirement.

Item 4C – DANIEL, Amelia (Deputy Sheriff Range B, Sacramento County Sheriff’s Department): Grant a service-connected disability retirement.

Item 4D – PARKIN, William (Sheriff Security Officer, Sacramento County Sheriff’s Department): Grant a non-service-connected disability retirement.

Item 5 – Ratification of Service Retirement Application Approvals—August 2026
Ratify the service retirement applications that were finalized in August 2026.

Item 6 – State Association of County Retirement Systems Legislative Update—September 2026
Receive and file the State Association of County Retirement Systems (SACRS) Legislative Update for September 2026.

Item 7 – Board Policies
Reaffirm or approve amendments to the following policies:

Item 7A – Felony Forfeiture Policy

Item 7B – Service Purchase Policy

Item 7C – Delegation of Authority to Board President Policy

Item 7D – Privacy and Confidentiality Policy

Item 8 – Monthly Report of Investment Activity—August 2026
Receive and file the Monthly Report of Investment Activity for August 2026.

Executive Reports

Item 9 – Chief Executive Officer’s Report (no action requested)

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

Item 11 – Chief Benefits Officer’s Report
Receive and file CBO Report for the quarter ended June 30, 2026.

Investment Matters

Item 12 – Education: Investment Fees
Receive and file presentation on investment fee trends and analysis.

Item 13 – Education: Portable Alpha
Receive and file educational presentation on Global Equity investment strategy designed to enhance returns while managing overall market risk.

Item 14 – Investment Performance Report—Alternative Assets
Receive and file the Investment Performance Report for the quarter ended June 30, 2026 for the Absolute Return portfolio, and the quarter ended March 31, 2026 for the Private Equity, Private Credit, and Real Assets portfolios, as presented by Cliffwater, LLC.

Item 15 – Investment Performance Report—Real Estate
Receive and file the Investment Performance Report on real estate investments for the quarter ended June 30, 2026 as presented by Townsend Group.

Administrative Matters

Item 16 – Commercial Banking Services
Approve the following actions in furtherance of Government Code Section 31590: Approve a commercial banking services agreement with BMO for a period of 5 years, subject to the successful completion of contract negotiations in the judgment of the Chief Executive Officer, on terms consistent with the relevant Request for Proposal and BMO’s proposal in response thereto and authorize the Chief Executive Officer to execute any necessary documents; designate the Chief Executive Officer and Chief Operations Officer as authorized signatories to approve all warrants, checks, and electronic fund transfers through BMO; direct Staff to establish internal controls and procedures for payments; and authorize the payment of benefits to be directly deposited by electronic fund transfer.

Benefit Matters

Item 17 – Elk Grove Cosumnes Cemetery District Enrollment Errors—Remediation Plan
Approve the remediation plan to correct member enrollment errors identified at Elk Grove Cosumnes Cemetery District (EGCCD).

Other Matters

Item 27 – Comments from Members of the Board of Retirement

 

CLOSED SESSION

Item 19 – 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 20 –CONFERENCE WITH LEGAL COUNSEL—ANTICIPATED LITIGATION
Pursuant to Government Code Section 54956.9(d)(2), this session shall be closed for the Board to discuss significant exposure to litigation against SCERS (1 case).

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 4, above. This item will be withdrawn in whole or in part if approved on Consent as recommended by staff.

 

ADJOURNMENT