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Agenda
Minutes

Open Session

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

Item 2 - Public Comment – No Materials

Consent Matters

Item 3 – Minutes of the September 18, 2023 Special Meeting
Recommendation to approve the minutes of the September 18, 2023 Special Meeting.

Item 4 – Minutes of the September 20, 2023 Regular Meeting
Recommendation to approve the minutes of the September 20, 2023 Regular Meeting.

Item 5 - Disability Retirement Applications
Recommendation to adopt Staff’s recommendations for the following Disability Retirement Applications:

Item 5A – ARAGON, Ramon (Deputy Sheriff, Sheriff’s Department): Grant a service-connected disability retirement. (confidential)

Item 5B – BESSONOV, Irina (Human Services Specialist): Grant a service-connected disability retirement.(confidential)

Item 5C – BOSWELL, Jacqueline (Deputy Sheriff, Sheriff’s Department): Grant a service-connected disability retirement. (confidential)

Item 5D – CRAVEN, Christina (Deputy Sheriff, Sheriff’s Department): Grant a service-connected disability retirement. (confidential)

Item 6 – Ratification of Service Retirement Application Approvals—September 2023
Recommendation to ratify the Service Retirement Application Approvals for September 2023.

Item 7 – CEO Delegated Authority Expense Report—Third Quarter 2023
Recommendation to receive and file the Quarterly CEO Delegated Authority Expense Report for the quarter ended September 30, 2023.

Item 8 – Strategic Management Plan Quarterly Performance Report—Third Quarter 2023
Recommendation to receive and file the Strategic Management Plan Performance Report for the quarter ended September 30, 2023.

Item 9 - State Association of County Retirement Systems (SACRS) Information

Item 9A – Legislative Update – October 2023: Recommendation to receive and file the SACRS Legislative Update – October 2023.

Item 9B – Voting Delegates 2023-24: Recommendation to approve SCERS voting delegates for SACRS business meetings through 2024.

Item 9C – 2024 Legislative Proposals: Recommendation to support SACRS legislative proposals for 2024.

Item 10 – Monthly Report of Investment Activity—September 2023
Recommendation to receive and file the Monthly Report of Investment Activity—September 2023.

Item 11 – Quarterly Investment Manager Compliance and Watch List Report—Third Quarter 2023
Recommendation to receive and file the Quarterly Investment Manager Compliance and Watch List Report—Third Quarter 2023.

Executive Reports

Item 12 – Chief Executive Officer’s Report – No Materials

Item 13 – Chief Investment Officer’s Report – No Materials

Item 14 – Chief Benefits Officer’s Report – No Materials

Investment Matters

Item 15 – Education: Fiduciary Duties and Investment Considerations
Recommendation to receive and file presentations regarding fiduciary duties and investment considerations, as presented by Nossaman LLP and Verus Advisory.

Benefit Matters

Item 16 – Service Credit Policy
Recommendation to amend Service Credit Policy.

Administrative Matters

Item 17 – Salary Resolution Amendment
Recommendation to reallocate 1.0 FTE Executive Secretary To 1.0 FTE Sr. Office Specialist (c) and 1.0 FTE Information Technology Technician, Level I/II To 1.0 FTE Information Technology Applications Analyst, Level I/II.

Item 18 - CEO Delegated Authority Policy for Personnel
Recommendation to approve new policy to formalize the Chief Executive Officer’s authority over SCERS’ personnel matters.

Item 19 - SCERS Technology Roadmap
Recommendation to receive and file the SCERS Technology Roadmap presentation.

Other Matters

Item 20 – Comments from Board Members of the Board of Retirement – No Materials

Closed Session

Item 21 – 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 22 – 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 5, above. This item will be withdrawn in whole or in part if approved on Consent as recommended by staff.