February 19, 2020 10:00 a.m.
Open Session
Item 1 – Call to Order – No Materials
Item 2 – Public Comment – No Materials
Consent Matters
Item 3A – Freij, Teodolinda. – Staff recommendation dated February 19, 2020 (confidential)
Item 3B – Prince, Christian. – Staff recommendation dated February 19, 2020 (confidential)
Item 3C – Woodson, Maurice. – Staff recommendation dated February 19, 2020 (confidential)
Item 3D – Reference: General Law and Authorized Board Actions on Disability Retirement Proposed Decisions
Item 4 – Minutes of the January 15, 2020 Regular Meeting
Item 5 – Ratification of Service Retirement Applications – January 2020
Item 6 – Cost-of-Living Adjustment (COLA) effective April 1, 2020
Item 7 – Conflict of Interest Code
Item 8 – State Association of County Retirement Systems Legislative Update – February 2020
Item 9 – Portfolio Allocation and Rebalancing Report – Fourth Quarter 2019
Item 10 – Trading Cost Analysis and Commission Recapture Report – Fourth Quarter 2019
Item 11 – Proxy Voting Activity Report – Fourth Quarter 2019
Item 12 – Monthly Investment Manager Activity, Compliance and Watch List Report – December 2019 and January 2020
Item 13 – Monthly Report of Investment Activity – January 2020
Executive Reports
Item 14 – Chief Executive Officer’s Report – No Materials
Item 15 – Chief Investment Officer’s Report – No Materials
Administrative Matters
Item 16 – Retirement Board Elections
Policy
Staff to recommend Board approve policy to formalize
procedures for conducting Board member elections. Deliberation
and action.
Item 17 – Actuarial Funding Risk Assessment
Report
Segal to present risk assessment to review historical factors
that have caused changes in SCERS’ funded status and contribution
rates, and to identify risks that may affect the plan’s future
financial condition. Receive and file.
Investment Matters
Item 18 – Quarterly Investment Performance Report –
Fourth Quarter 2019
Verus Advisory, Inc. to present the performance report for
the quarter ended December 31, 2019. Receive and file.
Item 19 – 2019 Investment Year in Review and 2020
Annual Investment Plan
Staff and consultants to present 2019 Year in Review and 2020
Annual Investment Plan. Receive and file, and deliberation and
action on any recommendations made in the report.