The Regular Retirement Board meetings have returned to in-person meetings held in the SCERS Board Room. You can watch the meeting live here.

Agenda
Minutes

Open Session

Item 1 – Call to Order – No Materials

Item 2 – Public Comment – No Materials

Consent Matters

Item 3 – Minutes of the March 16, 2022 Regular Meeting - UPDATED

Item 4 – Minutes of the March 30, 2022 Special Meeting

Item 5A – Buenrostro, Richard; Proposed Decision Dated April 20, 2022 (confidential)

Item 5B – Reference: General Law and Authorized Board Actions on Disability Retirement Proposed Decisions

Item 6 – Ratification of Service Retirement Applications - March 2022

Item 7 – State Association of County Retirement Systems Legislative Update – April 2022

Item 8 – State Association of County Retirement Systems - Board of Directors Election

Item 9 – CEO Delegated Authority Expense Quarterly Report - First Quarter 2022

Item 10 – Placement Agent Disclosure Report – First Quarter 2022

Item 11 – Monthly Investment Manager Activity, Compliance, and Watch List Report – March 2022

Item 12 – Monthly Report of New Investment Activity – March 2022

Executive Reports

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

Item 14 – Chief Investment Officer’s Report – No Materials

Item 15 – Chief Benefit Officer’s Report – No Materials

Administrative Matters

Item 16 – Strategic Management Plan Quarterly Performance Report
Staff to present quarterly update of Strategic Management Plan. Receive and file.

Item 17 – Pension Administration System Quarterly Report
Staff to present quarterly update of Pension Administration System project implementation timeline and budget. Receive and file.

Item 18 – Data Conversion Services
Staff to recommend the Board authorize the CEO to extend the contract with ICON Integration and Design for data conversion services by 12 months, through June 30, 2023, for an additional $180,155. Deliberation and action.

Item 19 – Project Management and Oversight Services
Staff to recommend the Board authorize the CEO to extend the contract with Linea Solutions for project management and oversight services by 6 months, through June 30, 2023, for an additional $1.5 million. Deliberation and action.

Item 20 – Operating Expense Budget for Fiscal Year 2022-23
Staff recommends the Board approve an Operating Expense Budget of approximately $20.1 million and 63 positions for fiscal year 2022-23. Deliberation and action.

Investment Matters

Item 21 – Private Equity Secondary Sales: Education and Implementation​
Staff to recommend Board receive and file the education presentation on secondary sales within the private markets; authorize Staff to select and retain an advisory firm to lead a secondary sales process for Fund of Funds investments in the private equity portfolio; and, direct Staff to make conforming changes to the implementation protocols in the Growth Equity Investment Policy Statement. Deliberation and action.