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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 – Existing Litigation (confidential)

Open Session – Consent Matters

Item 4 – Minutes of the March 17, 2021 Regular Meeting​​

Item 5A – Disability Retirement Applications: Wilbourn, Katheleen. Staff recommendation dated April 21, 2021 (confidential)

Item 5B – Reference: General Law and Authorized Board Actions on Disability Retirement Proposed Decisions

Item 6A – Service-Connected Death Benefit Applications: Catanyag, Dennis. (confidential)

Item 6B – Service-Connected Death Benefit Applications​: Gibson, Adam. (confidential)

Item 7 – Ratification of Service Retirement Applications - March 2021​

Item 8A – Felony Forfeiture Review: Bishop, Shauna.

Item 9 – State Association of County Retirement Systems Legislative Update – April 2021

Item 10A – SACRS Spring 2021 Business Meeting: Voting Delegates

Item 10B – SACRS Spring 2021 Business Meeting: Board of Directors Nominees

Item 10C – SACRS Spring 2021 Business Meeting:  2021 Legislation

Item 11 – CEO Delegated Authority for Expenses Quarterly Report – March 2021

Item 12 – Strategic Management Plan Quarterly Performance Report​​

Item 13 – Placement Agent Disclosure Report​

Item 14 – Monthly Investment Manager Activity, Compliance, and Watch List Report – March 2021

Item 15 – Monthly Report of New Investment Activity – March 2021​​

Executive Reports

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

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

Administrative Matters

Item 18 – Recognized Retiree Organization Policy 
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.

Item 19 – SCERS Pension Administration System Quarterly Report​
Staff to present quarterly update of Pension Administration System project implementation timeline and budget. Receive and file.

Item 20 – 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.

Item 21 – 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.

Item 22 – Request for Proposals – Portfolio Analytics Services
Staff to recommend Board authorize SCERS to issue Request for Proposals for portfolio management software services. Deliberation and action.

Item 23 – SCERS 2021-22 Proposed Budget​
Staff to recommend Board approve 2021-22 SCERS Budget and position reallocations.
Deliberation and action.

Benefits Matters

Item 24 – Missing Member/Beneficiary Location Policy
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.

Investment Matters

Item 25 – Education:  ​Transaction Costs​
Staff to present overview of transaction costs and commissions. Receive and file.

Item 26 – 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.