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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 March 19, 2025 Regular Meeting
Approve the minutes of the March 19, 2025 Regular Meeting

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

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

Item 4B - FRIEL, Edward (Water Quality Control Systems Technician, Department of Water
Resources): Grant a service-connected disability retirement.

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

Item 4D - SAMUEL, Romeal (Human Services Program Planner, Behavioral Health Services):
Grant a service-connected disability retirement.

Item 4E - STALLWORTH, Kalili (Assistant Probation Officer, Probation Department): Grant a
service-connected disability retirement.

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

Item 6 - State Association of County Retirement Systems (SACRS) Information

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

Item 6B - Board of Directors Election: Approve the election of officers for the 2025-26 State Association of County Retirement Systems (SACRS) Board of Directors Election, as recommended by the SACRS Nominating Committee.

Item 6C - Voting Delegates: Approve SCERS voting delegates for State Association of County Retirement Systems (SACRS) business meetings through 2026.

Item 7 - CEO Delegated Authority Expense Report—First Quarter 2025
Receive and file the CEO Delegated Authority Expense Report for the quarter ended March 31, 2025.

Item 8 – Monthly Report of Investment Activity—March 2025
Receive and file the Monthly Report of Investment Activity for March 2025.

Executive Reports

Item 9 - Chief Executive Officer’s Report – No Materials

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

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

Administrative Matters

Item 12 – Annual Budget for Fiscal Year 2025-26
Approve an annual budget of approximately $23.4 million and 75 positions for fiscal year 2025-26.

Item 13 - Strategic Management Plan Report—First Quarter 2025
Receive and file Strategic Management Plan Report for the quarter ended March 31, 2025.

Item 14 - Technology Report—First Quarter 2025
Receive and file Technology Report for the quarter ended March 31, 2025.

Investment Matters

Item 15 - Investment Manager Compliance and Watch List Report—First Quarter 2025
Receive and file the Investment Manager Compliance and Watch List Report for the quarter ended March 31, 2025.

Item 16 - Education: Governance Protocols
Receive and file presentation on governance protocols regarding staff delegation.

Item 17 - Education: Later-Life Private Equity Funds
Receive and file presentation on exit considerations for later-life private equity funds, as presented by Staff and Cliffwater.

Other Matters

Item 18 - Comments from Members of the Board of Retirement - No Materials

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 - 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​