Agenda

Open Session

Item 1 – Call to Order – No Materials

Item 2 – Public Comment – No Materials

Consent Matters

Item 3A – Freij, Teodolinda. – Staff recommendation dated February 19, 2020 (confidential)

Item 3B – Prince, Christian. – Staff recommendation dated February 19, 2020 (confidential)

Item 3C – Woodson, Maurice. – Staff recommendation dated February 19, 2020 (confidential)

Item 3D – Reference: General Law and Authorized Board Actions on Disability Retirement Proposed Decisions

Item 4 – Minutes of the January 15, 2020 Regular Meeting

Item 5 – Ratification of Service Retirement Applications – January 2020

Item 6 – Cost-of-Living Adjustment (COLA) effective April 1, 2020

Item 7 – Conflict of Interest Code

Item 8 – State Association of County Retirement Systems Legislative Update – February 2020

Item 9 – Portfolio Allocation and Rebalancing Report – Fourth Quarter 2019

Item 10 – Trading Cost Analysis and Commission Recapture Report – Fourth Quarter 2019

Item 11 – Proxy Voting Activity Report – Fourth Quarter 2019

Item 12 – Monthly Investment Manager Activity, Compliance and Watch List Report – December 2019 and January 2020

Item 13 – Monthly Report of Investment Activity – January 2020​

Executive Reports

Item 14 – Chief Executive Officer’s Report – No Materials

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

Administrative Matters

Item 16 – Retirement Board Elections Policy
Staff to recommend Board approve policy to formalize procedures for conducting Board member elections. Deliberation and action.

Item 17 – Actuarial Funding Risk Assessment Report
Segal to present risk assessment to review historical factors that have caused changes in SCERS’ funded status and contribution rates, and to identify risks that may affect the plan’s future financial condition. Receive and file.

Investment Matters

Item 18 – Quarterly Investment Performance Report – Fourth Quarter 2019
Verus Advisory, Inc. to present the performance report for the quarter ended December 31, 2019. Receive and file.

Item 19 – 2019 Investment Year in Review and 2020 Annual Investment Plan​
Staff and consultants to present 2019 Year in Review and 2020 Annual Investment Plan. Receive and file, and deliberation and action on any recommendations made in the report.