April 21, 2021 10:00 a.m.
Item 1 – Call to Order – No Materials
Item 2 – Public Comment – No Materials
Item 3 – Conference with Legal Counsel – Existing Litigation (confidential)
Open Session – Consent Matters
Item 5A – Disability Retirement Applications: Wilbourn, Katheleen. Staff recommendation dated April 21, 2021 (confidential)
Item 6A – Service-Connected Death Benefit Applications: Catanyag, Dennis. (confidential)
Item 6B – Service-Connected Death Benefit Applications: Gibson, Adam. (confidential)
Item 16 – Chief Executive Officer’s Report – No Materials
Item 17 – Chief Investment Officer’s Report – No Materials
– Recognized Retiree Organization
Staff to recommend Board rename the “Facilitating Communications by Third Parties to Retirees and Beneficiaries Policy” as the “Recognized Retiree Organization Policy”, affirm the Sacramento County Retired Employees’ Association (SCREA) as a recognized retiree organization, and make clarifying amendments. Deliberation and action.
– Alameda Project Support
Staff to recommend Board authorize CEO to execute service agreement with Morneau Shepell LLC, in an amount not to exceed $500,000, to assist SCERS with implementing contribution and pension corrections related to the California Supreme Court decision in Alameda County Deputy Sheriff’s Assoc. et al., v. Alameda County Employees’ Retirement Assn. Deliberation and action.
– Project Management Services
Staff to recommend Board authorize CEO to extend project management and oversight services contract with Linea Solutions through December 31, 2022 for an additional $300,000. Deliberation and action.
– Missing Member/Beneficiary Location
Staff to recommend Board approve this policy that establishes a procedure for locating persons to whom benefits are owed and for whom SCERS does not have current contact information. Deliberation and action.
– Asset Liability Modeling Study
Presentation by Verus Advisory Inc. and Staff regarding asset allocation modeling mixes and its impact on investment performance, funded ratio, and contribution rates. Receive and file.