The Regular Retirement Board meetings have returned to in-person meetings held in the SCERS Board Room. You can watch the meeting live here.

Agenda
Minutes

Open Session

Item 1 – Call to Order – No Materials

Item 2 – Public Comment – No Materials

Open Session – Consent Matters

Item 3 – Teleconferencing Rules Under Ralph M. Brown Act

Item 4 – Minutes of the November 16, 2021 Audit Committee Meeting

Item 5 – Minutes of the November 17, 2021 Special Meeting

Item 6A – Koll, Vincent; Staff recommended dated December 8, 2021 (confidential)

Item 6B – Rodriguez, Ignacio; Staff recommended dated December 8, 2021 (confidential)

Item 6C – Singh, Satendra; Staff recommended dated December 8, 2021 (confidential)

Item 6D – Reference: General Law and Authorized Board Actions on Disability Retirement ​Proposed Decisions

Item 7 – Ratification of Service Retirement Application Approvals – October 2021

Item 8 – State Association of County Retirement Systems Legislative Update – November 2021

Item 9 – Board Meeting Calendar 2022 

Item 10 – Proxy Voting Activity Report – Third Quarter 2021

Item 11 – Portfolio Allocation and Rebalancing Report – Third Quarter 2021

Item 12 – Trading Cost Analysis Report – Third Quarter 2021

Item 13 – Monthly Investment Manager Activity, Compliance and Watch List Report – October 2021

Item 14 – Monthly Report of Investment Activity – October and November 2021​

Open Session – Executive Reports

Item 15 – Chief Executive Officer’s Report – No Materials

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

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

Open Session – Administrative Matters

Item 18 – Actuarial Valuation and Review and GASB 67 Report as of June 30, 2021
Staff to recommend the Board adopt the 2022-23 fiscal year employer and member contribution rates recommended by Segal Consulting; receive and file the Actuarial Valuation and Review as of June 30, 2021; and receive and file the Governmental Accounting Standards Board Statement 67 Actuarial Valuation as of June 30, 2021.

Item 19 – Annual Independent Financial Statement Audit​
Presentation by the SCERS’ Audit Committee on the June 30, 2021, Independent Auditor’s Report of the SCERS Audited Financial Statements, Required Communication in Accordance with Professional Standards (SAS 114); Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters; and Agreed Upon Conditions Report.  Presentation of the June 30, 2021,  Annual Comprehensive Financial Report. ​ Receive and file.

Open Session – Investment Matters

Item 20 – Asset Class Restructuring: Global Equity
Staff to recommend structuring revisions and implementation path for revised strategic asset allocation in global equity. Deliberation and action.

Item 21 – Quarterly Investment Performance Report - Alternative Assets
Cliffwater, LLC to present the performance report for the Absolute Return asset class for the periods ending September 30, 2021, and for the Private Equity, Private Credit Assets, and Opportunities asset classes for the periods ended June 30, 2021. Receive and file.

Item 22 – Quarterly Investment Performance Report - Real Estate
Townsend Group to present the performance report on real estate investments for the quarter ended September 30, 2021. Receive and file.

Item 23 – Quarterly Investment Performance Report - Third Quarter 2021
Verus Advisory, Inc. to present the performance report for the quarter ended September 30 2021. Receive and file.