May 18, 2022 10:00 a.m.
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
Closed Session
Item 3 - Conference with Legal Counsel – Initiate Litigation – No Materials
Item 4 - Public Employee Performance Evaluation – Chief Executive Officer – No Materials
Open Session
Item 5 – Minutes of the April 20, 2022 Regular Meeting
Item 6A – Chan, Timothy. Staff Recommendation dated May 18, 2022 (confidential)
Item 6B – Eisert, Gregory. Staff Recommendation dated May 18, 2022 (confidential)
Item 6C – Reference: General Law and Authorized Board Actions on Disability Retirement Proposed Decisions
Item 7A – Felony Forfeiture Review
Item 8 – Ratification of Service Retirement Application Approvals – April 2022
Item 9 – State Association of County Retirement Systems Legislative Update – May 2022
Item 10 – Trading Cost Analysis Report – First Quarter 2022
Item 11 – Proxy Voting Activity Report – First Quarter 2022
Item 12 – Portfolio Allocation and Rebalancing Report – First Quarter 2022
Item 13 – Monthly Investment Manager Activity, Compliance, and Watch List Report – April 2022
Item 14 – Monthly Report of New Investment Activity – April 2022
Executive Reports
Item 15 – Chief Executive Officer’s Report – No Materials
Item 16 – Chief Investment Officer’s Report – No Materials
Item 17 – Chief Benefit Officer’s Report – No Materials
Administrative Matters
Item 18 – Pension Administration System
Contract
Staff to recommend Board authorize the Chief Executive
Officer to amend the Pension Administration System contract with
LifeWorks and execute any necessary agreements.
Deliberation and Action.
Investment Matters
Item 19 – Global Equity Manager
Recommendations
Staff to recommend the Board invest approximately $125
million with Artisan Partners (Global Opportunities strategy) and
$125 million with Nikko Asset Management (Global Equity
strategy), and authorize the Chief Executive Officer to execute
necessary documents and agreements for each mandate; and
authorize Staff to determine the most effective method for
transitioning assets and execute any necessary documents or
agreements to effectuate the transition of assets.
Deliberation and Action.
Item 20 – General Investment Consultant
Contract
Staff to recommend the Board renew and extend the contract
with Verus Advisory, Inc. for general investment consulting
services, for a three-year term, and authorize the Chief
Executive Officer to execute documents necessary to update the
contract. Deliberation and Action.
Item 21 – Real Estate Investment Consultant
Contract
Staff to recommend the Board renew and extend the contract
with The Townsend Group (Townsend) for real estate investment
consulting services, for a three-year term, and authorize the
Chief Executive Officer to execute documents necessary to update
the contract. Deliberation and Action.
Item 22 – Total Fund Quarterly
Investment Performance Report – First Quarter
2022
Verus Advisory, Inc. to present the performance report for
the quarter ended March 31, 2022. Receive and File.