May 11, 2017 9:00 a.m.
Open Session
Item 1 – Public Comment – No Materials
Open Session – Minutes
Item 2 – Minutes
Open Session – Consent Matters
Item 3 – Culverson, Katrina - Application for
Disability Retirement (confidential)
Granted a service-connected disability
retirement
Item 4 – Recommendation of the Auditing Services Evaluation
Committee for the Accounting Firm to be Awarded a Three-Year
Contract to Provide Professional Auditing Services for SCERS
Approved the recommendation to engage
Brown Armstrong to provide auditing services
Item 5 – Recommendation to Engage Cheiron to Provide
Actuarial Audit Services for SCERS
Approved the recommendation to engage
Cheiron to provide actuarial audit services for SCERS
Item 6 – Presentation of Selected Fees and Costs for Outside
Legal Services for the Quarter Ended March 31, 2017
Received and filed the report
Item 7 – Presentation of the Placement Agent Disclosure Form
Activity Report
Received and filed the report
Item 8 – Presentation of the Portfolio Re-Balancing Report
for the Quarter Ended March 31, 2017
Received and filed the report
Item 9 – Presentation of the Trading Cost Report for the
Quarter Ended March 31, 2017
Received and filed the report
Item 10 – April 2017 Monthly Investment Portfolio Activity
Report
Received and filed the report
Closed Session
Item 11 – Public Employee Appointment – Interim Chief Executive Officer (confidential)
Item 12 – Public Employee Evaluation – Chief Operations Officer, General Counsel, Chief Investment Officer, and Chief Benefits Officer (confidential)
Open Session – Administrative Matters
Item 13 – Chief Executive Officer’s Report – No Materials
Item 14 – Presentation by Segal Consulting of the Review of
Actuarial Experience for the Period July 1, 2013 through June 30,
2016
Received and filed the report.
Approved the recommended changes to the actuarial assumptions
and approved a three year phase-in of the increase
to the employer contribution rate due to the changes in
the actuarial assumptions.
Item 15 – Proposed Modifications and Additions to SCERS’ Staff
Structure
Approved the proposed modifications and
additions to the SCERS’ staff structure
Open Session – Investment Matters
Item 16 – Presentation of the Investment Performance Report
for the Quarter Ended March 31, 2017
Received and filed the report
Item 17 – Asset Class Structure, Investment Implementation
Protocol, and Twelve Month Investment Plan for Private Credit
Received and filed the report.
Approved the proposed asset class structure for Private Credit,
the investment implementation plan for Private Credit, twelve
month investment plan for Private Credit, and implementation
protocol for Private Credit