December 8, 2021 10:00 a.m.
The Regular Retirement Board meetings have returned to in-person meetings held in the SCERS Board Room. You can watch the meeting live here.
Item 1 – Call to Order – No Materials
Item 2 – Public Comment – No Materials
Open Session – Consent Matters
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)
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
– 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.
– Annual Independent Financial Statement
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
– 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.