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Agenda

Open Session

Item 1 – Call to Order – No Materials

Item 2 – Election of Board Officers – No Materials

Item 3 – Public Comment – No Materials

Closed Session

Item 4 - Conference with Legal Counsel – Existing Litigation (confidential)

Item 5 - Purchase or Sale or Pension Fund Investments (confidential)

Consent Matters

Item 6 - Minutes of the June 17, 2020 regular meeting

Item 7A – Brazell, Ronald. Staff recommendation date August 19, 2020 (confidential)

Item 7B – Codog, Marcello. Staff recommendation date August 19, 2020 (confidential)

Item 7C – Dowell, Michelle. Staff recommendation date August 19, 2020 (confidential)

Item 7D - Medina, Isabel. Proposed decision of Administrative Law Judge dated May 4,
2020 (confidential)

Item 7E – Schillizzi, Darren. Staff recommendation date August 19, 2020 (confidential)

Item 7F - Wilbourn, Katheleen. Proposed decision of Administrative Law Judge dated June
23, 2020 (confidential)

Item 7G - Reference: General Law and Authorized Board Actions on Disability Retirement
Proposed Decisions

Item 8 - Ratification of Service Retirement Application Approvals – June and July 2020

Item 9 - State Association of County Retirement Systems Legislative Update – July and
August 2020

Item 10 - CEO Delegated Authority Expense Report

Item 11 - IT Modernization Project Quarterly Report

Item 12 - Proxy Voting Activity Report – Second Quarter 2020

Item 13 - Placement Agent Disclosure Report - Second Quarter 2020

Item 14 - Portfolio Allocation and Rebalancing Report – Second Quarter 2020

Item 15 - Trading Cost Analysis and Commission Recapture – Second Quarter 2020

Item 16 - 2019 Alternative Asset Fee and Expense Report

Item 17 - Monthly Investment Manager Activity, Compliance, and Watch List Report – June
and July 2020

Item 18 - Monthly Report of Investment Activity - June and July 2020

Executive Reports

Item 19 - Chief Executive Officer’s Report – No Materials

Item 20 - Chief Investment Officer’s Report – No Materials

Administrative Matters

Item 21 – Audit Committee Members
Board to select members of Audit Committee for 2020-21. Deliberation and action.

Item 22 – Strategic Management Plan Quarterly Update
Staff to provide update on activities and progress related to the 2019-20 Strategic
Management Plan. Receive and file.

Investment Matters

Item 23 – Securities Litigation Claim-Filing Services
Staff to recommend Board authorize CEO to extend contract with Financial Recovery
Technologies (FRT) through December 31, 2023 for securities litigation claim-filing
services. Deliberation and action.

Item 24 – Withholding Tax Recovery Services
Staff to recommend Board authorize CEO to engage WTax for a period not to exceed
three years to provide foreign tax withholding recovery services. Deliberation and
action.

Item 25 – Quarterly Investment Performance Report – Second Quarter 2020
Verus Advisory, Inc. to present the performance report for the quarter ended June 30,
2020. Receive and file.

Benefit Matters (estimated start time: 1:00 p.m.)

Item 26 - Sick Leave Conversion Policy – Second Discussion Draft​
Staff to recommend Board approve second discussion draft of Sick Leave Conversion
Policy for dissemination to stakeholders. Deliberation and action.

Item 27 - Update on New California Supreme Court Decision Upholding PEPRA
Staff to discuss the potential impact on SCERS policies and practices from the
California Supreme Court opinion in Alameda County Deputy Sheriffs’ Association et al.
v. Alameda County Employees’ Retirement Association and Board of Retirement of
ACERA. No action is anticipated. An additional public comment period will be provided.
Receive and file.

Closed Session

Item 28 - Conference with Legal Counsel – Existing Litigation – (confidential)

Item 29 - Conference with Legal Counsel - Anticipated Litigation – (confidential)