Agenda
Minutes

Swearing-In Ceremony

Board Trustees Dave Irish and Martha Hoover- No Materials

Open Session

Item 1 – Call to Order/Roll Call - No Materials

Item 2 – Election of Board Officers – No Materials

Item 3 - Public Comment – No Materials

Closed Session

Item 4 - Conference with Legal Counsel – Anticipated Litigation (confidential)
Pursuant to Government Code Section 54956.9(d)(2), this session shall be closed for the Board to discuss significant exposure to litigation to which SCERS may be a party in one (1) case.

Item 5 - Conference with Legal Counsel – Initiate Litigation (confidential)
Pursuant to Government Code Section 54956.9(d)(4), this session shall be closed for the Board to discuss a decision whether to initiate litigation in one (1) case.

Consent Matters

Item 6 - Minutes of December 7, 2022 Regular Meeting
Recommendation to approve the minutes of the December 7, 2022 Regular Meeting.

Item 7A – Bryant, Dale; Staff Recommendation dated January 18, 2023 (confidential)

Item 7B - Munso, Nathan; Staff Recommendation dated January 18, 2023 (confidential)

Item 7C - Wall, Jeffrey; Staff Recommendation dated January 18, 2023 (confidential)

Item 7D - Reference:  General Law and Authorized Board Actions on Disability Retirement Proposed Decisions

Item 8 - Ratification of Service Retirement Application Approvals – November and December 2022
Recommendation to ratify the Service Retirement Application Approvals for November and December 2022.

Item 9 - State Association of County Retirement Systems Legislative Update – January 2023
Recommendation to receive and file the State Association of County Retirement Systems Legislative Update for January 2023.

Item 10 - Quarterly CEO Delegated Authority Expense Report – December 2022
Recommendation to receive and file the Quarterly CEO Delegated Authority Expense Report for December 2022.

Item 11 - Annual Comprehensive Financial Report for Fiscal Year Ended June 30, 2022
Recommendation to receive and file the Annual Comprehensive Financial Report for Fiscal Year Ended June 30, 2022.

Item 12 - Board Education Compliance Report for 2022
Recommendation to receive and file the Board Education Compliance Report for 2022.

Item 13 - Placement Agenda Disclosure Report – Fourth Quarter 2022
Recommendation to receive and file the Placement Agent Disclosure Report – Fourth Quarter 2022.

Item 14 - Quarterly Investment Manager Compliance and Watch List Report – Fourth Quarter 2022
Recommendation to receive and file the Quarterly Investment Manager Compliance and Watch List Report – Fourth Quarter 2022.

Item 15 - Monthly Report of Investment Activity - December 2022
Recommendation to receive and file the Monthly Report of Investment Activity – December 2022.

Executive Reports

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

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

Benefits Matter

Item 18 - Ratification of Retirement Applications Policy
Recommendation to amend the Ratification of Applications Policy to clarify that estimated benefits for new retirees are based on payroll data on record.

Administrative Matters

Item 19 - Project Management Oversight Services
Recommendation to authorize the CEO to extend the Linea Solutions contract for project management and oversight services by 6 months, through December 31, 2023 for an additional $1.5 million.

Item 20 - Pension Administration System Quarterly Review
Recommendation to receive  status update on Pension Administration Project.

Item 21 - CEO Delegated Authority Policy
Recommendation to approve proposed revisions to CEO Delegated Authority Policy for Expenses.

Investment Matters

Item 22 - Ad Hoc Committee on Investment Communications
Recommendation to establish and appoint 3-4 Board Members to Ad Hoc Committee on Investment Communications.

Item 23 - Education:  Global Markets Outlook
Recommendation to receive and file an educational presentation on Global Markets Outlook.

Member Appeals (1:00 P.M.)

Item 24 – Member Appeal – Swazas, Kevin

Closed Session

Item 25 - Conference with Legal Counsel – Anticipated Litigation (confidential)
Pursuant to Government Code Section 54956.9(d)(2), this session shall be closed for the Board to discuss significant exposure to litigation to which SCERS may be a party in one (1) case.