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Agenda
Minutes

Open Session

Item 1 – Call to Order/Roll Call - No Materials

Item 2 – Public Comment – No Materials

Consent Matters

Item 3 – Minutes of the January 17, 2024 Regular Meeting
Approve the minutes of the January 17, 2024 Regular Meeting.

Item 4 – Disability Retirement Applications
Adopt Staff’s recommendations for the following Disability Retirement Applications:

Item 4A – ALEJANDRE, Victor (Deputy Sheriff, Sheriff’s Department):  Grant a service-connected disability retirement. (confidential)

Item 4B – ALLEN, Heather (Human Services Social Worker, Department of Human Assistance):  Grant a non-service-connected disability retirement. (confidential)

Item 4C – FREITAS, Trenton (Code Enforcement Officer II, Code Enforcement): Grant a service-connected disability retirement. (confidential)

Item 4D – LOPEZ, Eduardo (Assistant Probation Officer, Probation Department): Grant a service-connected disability retirement. (confidential)

Item 4E – MARTINEZ, Elliott (Deputy Sheriff, Sheriff’s Department): Grant a service-connected disability retirement. (confidential)

Item 4F – PEOPLES, Cory (Deputy Sheriff, Sheriff’s Department): Grant a service-connected disability retirement with corrected effective date. (confidential)

Item 4G – REDDING, Julie (Sheriff’s Security Officer, Sheriff’s Department): Grant a service-connected disability retirement. (confidential)

Item 5 – Ratification of Service Retirement Application Approvals—January 2024
Ratify the service retirement applications that were finalized in January 2024.

Item 6 – State Association of County Retirement Systems Legislative Update—February 2024
Receive and file the State Association of County Retirement Systems (SACRS) Legislative Update for February 2024.

Item 7 – Annual Cost-of-Living Adjustment (COLA)
Approve COLA adjustments effective April 1, 2024.

Item 8 – Portfolio Allocation and Rebalancing Report—Fourth Quarter 2023
Receive and file the Portfolio Allocation and Rebalancing Report for quarter ended December 31, 2023.

Item 9 – Monthly Report of Investment Activity—January 2024
Receive and file the Monthly Report of Investment Activity for January 2024.

Executive Reports

Item 10 – Chief Executive Officer’s Report – No Materials

Item 11 – Chief Investment Officer’s Report – No Materials

Item 12 – Chief Benefits Officer’s Report – No Materials

Administrative Matters

Item 13 – Strategic Management Plan Annual Report
Receive and file the Strategic Management Plan Annual Report for 2023​.

Item 14 – Sacramento Area Sewer District Pension Protection Act
Approve a “support, if amended” position on legislation regarding the allocation of pension assets and liabilities, and treatment of pension benefits, for the reorganized Sacramento Area Sewer District 

Benefit Matters

Item 15 – Administrative Appeals Policy
Approve amendments to SCERS’ Appeal of SCERS’ Administrative Decision Policy.

Investment Matters

Item 16 – Master Investment Policy Statement
Approve amendments to the Master Investment Policy Statement regarding investment considerations involving environmental, social, and governance factors.

Item 17 – Dedicated Cash Allocation—Implementation Strategy
Reallocate dedicated cash allocation from State Street Demand Deposit Account to State Street Government Short Term Investment Fund.

Item 18 – Securities Litigation Policy
Approve amendments to Securities Litigation Policy.

Item 19 – Consultant Contract Timelines
Receive and file report on contract terms for consultant relationships.

Item 20 – Total Fund Investment Performance Review Report—Fourth Quarter 2023
Receive and file the SCERS Total Investment Performance Review report, prepared by Verus Advisory, for the quarter ended December 31, 2023.

Item 21 – Education: Global Equity and Fixed Income Asset Classes
Receive and file presentations on Global Equity and Fixed Income asset classes.

Other Matters

Item 22 – Comments from Members of the Board of Retirement – No Materials

Closed Session

Item 23 – CONFERENCE WITH LEGAL COUNSEL—ANTICIPATED LITIGATION (confidential)
Pursuant to Government Code Section 54956.9(d)(2), this session shall be closed for the Board to discuss significant exposure to litigation to which SCERS may be a party in one (1) case.

Item 24 – PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS (confidential)
Pursuant to Government Code Section 54957(b), this session shall be closed for the Board to discuss the employment of public employees, specifically, the disability retirement applicants referenced in Item 4, above. This item will be withdrawn in whole or in part if approved on Consent as recommended by staff.

Adjournment​