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Agenda
Minutes

Open Session

Item 1 – Swearing-In Ceremony – No Materials

Item 2 – Call to Order / Roll Call – No Materials

Item 3 – Election of Board Officers – No Materials

Item 4 – Public Comment – No Materials

Consent Matters

Item 5 – Minutes of the June 15, 2022 Regular Meeting

Item 6 – Minutes of the July 6, 2022 Audit Committee Meeting

Item 7A – Maryland-Monteiro, Colette. Staff Recommendation dated August 17, 2022 (confidential)

Item 7B – Nielsen, Richard. Staff Recommendation dated August 17, 2022 (confidential)

Item 7C – Reference: General Law and Authorized Board Actions on Disability Retirement Proposed Decisions

Item 8 – Ratification of Service Retirement Application Approvals – June and July 2022

Item 9 – State Association of County Retirement Systems Legislative Update – August 2022

Item 10 – CEO Delegated Authority Expense Quarterly Report - Second Quarter 2022

Item 11 – Proxy Voting Activity Report – Second Quarter 2022

Item 12 – Placement Agent Disclosure Report – Second Quarter 2022

Item 13 – Portfolio Allocation and Rebalancing Report - Second Quarter 2022

Item 14 – Monthly Investment Manager Activity, Compliance, and Watch List Report – July 2022

Item 15 – Trading Cost Analysis Reports – Second Quarter 2022

Item 16 – 2021 Alternative Asset Fee and Expense Report

Item 17- Monthly Report of Investment Activity – June and July 2022

Executive Reports

Item 18 – Chief Executive Officer’s Report – No Materials

Item 19 – Chief Investment Officer’s Report – No Materials

Item 20 – Chief Benefit Officer’s Report – No Materials

Administrative Matters

Item 21 – Strategic Management Plan Quarterly Performance Report
Staff to provide update on activities and progress related to the 2022 Strategic Management Plan. Receive and file.

Item 22 – Pension Administration System (PAS) Quarterly Review
Staff to provide update on Pension Administration System project. Receive and file.

Item 23 – Employer Liability Policies
Staff to recommend Board re-affirm Declining Employer Payroll Policy and Terminating Employer Policy. Deliberation and action.

Item 24 – Legislative Issues: AB 2493 and Alameda Corrections
Staff to recommend Board take a formal “oppose unless amended” position on Assembly Bill 2493 due to issues of administrative feasibility and authorize the Chief Executive Officer to communicate to the Legislature and Governor as appropriate. Deliberation and action.

Investment Matters

Item 25 – Education: Investment Manager Activity, Compliance, and Watch List
Staff to provide educational overview of Board reporting of investment manager activity, compliance, and watch list. Receive and file.

Item 26 – Liquidity Study
Verus Advisory, Inc. and Staff to present liquidity study and cash-flow profile of SCERS’ portfolio. Receive and file.

Item 27 – Quarterly Investment Performance Report - Second Quarter 2022
Verus Advisory, Inc. to present the performance report for the second quarter ended June 30, 2022. Receive and file.