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Agenda

Open Session

Item 1 – Swearing-In Ceremony - No Materials

Item 2 – Call to Order / Roll Call - No Materials

Item 3 – Election of Board Officers - No Materials

Item 4 - Public Comment – No Materials

Consent Matters

Item 5 – Minutes of the June 20, 2024 Regular Meeting
Approve the minutes of the June 20, 2024 Regular Meeting.

Item 6 – Minutes of the June 13, 2024 Audit Committee Meeting
Approve the minutes of the June 13, 2024 Audit Committee Meeting.

Item 7 - Disability Retirement Applications
Adopt Staff’s recommendations for the following Disability Retirement Applications:

Item 7A – ANDERS, Jamie (Deputy Sheriff, Sheriff’s Department): Grant a service-connected disability retirement. (confidential)

Item 7B - BROOKS, Gwendolyn (Head Start Teacher, Sacramento Employment and Training Agency): Grant a non-service-connected disability retirement. (confidential)

Item 7C – FRENCH, Tara-Marie (Utility Billing Services Representative II, Department of Finance): Grant a service-connected disability retirement. (confidential)

Item 7D – GASTINELL, Judy (Human Services Specialist, Department of Human Assistance):  Grant a service-connected disability retirement. (confidential)

Item 7E – MARIN, Noe (Sanitation District Maintenance and Operations Technician, Sacramento Area Sewer District): Grant a service-connected disability retirement. (confidential)

Item 7F – PREHODA, Brian (Sheriff’s Sergeant, Sheriff’s Department): Grant a service-connected disability retirement. (confidential)

Item 7G – SCRANTON, Donna (Mental Health Counselor, Health and Human Services): Grant a service-connected disability retirement. (confidential)

Item 7H – VAUGHN, Jacqueline (Sheriff Records Officer I, Sheriff’s Department): Grant a service-connected disability retirement. (confidential)

Item 7I – WATKINS, Kaley (Deputy Sheriff, Sheriff’s Department): Grant a service-connected disability retirement. (confidential)

Item 8 – Ratification of Service Retirement Application Approvals—June and July 2024
Ratify the service retirement applications that were finalized in June and July 2024.

Item 9 – State Association of County Retirement Systems Legislative Update—August 2024
Receive and file the State Association of County Retirement Systems (SACRS) Legislative Update for August 2024.

Item 10 – CEO Delegated Authority Expense Report—Second Quarter 2024
Receive and file the CEO Delegated Authority Expense Report for the quarter ended June  30, 2024.

Item 11 – Employer Contribution Prepayments
Receive and file report confirming County contribution prepayment for fiscal year 2024-25, SacSewer contribution prepayment for fiscal year 2024-25, and Metro Fire contribution prepayment for 2025-26.

Item 12 – Portfolio Allocation and Rebalancing Report—Second Quarter 2024
Receive and file the Portfolio Allocation and Rebalancing Report for the quarter ended June 30, 2024.

Item 13 – Investment Manager Compliance and Watch List Report—Second Quarter 2024
Receive and file the Investment Manager Compliance and Watch List Report for the quarter ended June 30, 2024.

Item 14 – 2023 Alternative Asset Fee and Expense Report
Receive and file the 2023 Alternative Asset Fee and Expense Report.

Item 15 – Monthly Report of Investment Activity—June and July 2024
Receive and file the Monthly Report of Investment Activity for June and July 2024.

Executive Reports

Item 16 - Chief Executive Officer’s Report – No Materials

Item 17 - Chief Investment Officer’s Report – No Materials

Item 18 - Chief Benefits Officer’s Report – No Materials

Administrative Matters

Item 19 – Sacramento Area Sewer District
Approve Sacramento Area Sewer District’s request to join SCERS as a new employer, effective December 15, 2024; authorize the Chief Executive Officer to execute a three-party agreement with Sacramento County and the District regarding the allocation of pension liabilities and funding obligations; and, adopt contribution rates for the District for December 15, 2024-June 30, 2025, as recommended by Segal.

Item 20 – Strategic Management Plan Report—Second Quarter 2024
Receive and file an update on activities and progress related to the 2024 Strategic Management Plan for the quarter ended June 30, 2024.

Item 21 – Technology Report—Second Quarter 2024
Receive and file the Technology Report for the quarter ended June 30, 2024.

Investment Matters

Item 22 – Education: Strategic Asset Allocation
Receive and file education presentation from Ian Toner, Verus’ Chief Investment Officer, on Strategic Asset Allocation.

Item 23 - Investment Oversight Initiative
Receive and file presentation on strengthening SCERS’ oversight of investment portfolio.

Item 24 - Salary Resolution Amendment
Approve the following positional changes: Reallocate 1.0 FTE Paralegal and 1.0 FTE Office Specialist to 1.0 FTE Retirement Investment Officer.

Item 25 - Total Fund Investment Performance Report—Second Quarter 2024
Receive and file Total Fund Investment Performance Report for the quarter ended June 30, 2024, as presented by Verus.

Other Matters

Item 26 - Comments from Members of the Board of Retirement - No Materials

Benefits Matters

Item 27 - Felony Forfeiture Review
Adopt Staff’s recommendations for the following Felony Forfeiture matter:

Item 27A CHAO, Seng (Victim Witness Claims Assistant, District Attorney’s Office): Enforce the felony forfeiture statutes against Member’s retirement benefits.(confidential)

Closed Session

Item 28 – CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION (confidential)
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 29 – PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS (confidential)
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 7, above. This item will be withdrawn in whole or in part if approved on Consent as recommended by staff.

Adjournment​