March 16, 2022 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
Item 8 – Chief Executive Officer’s Report – No Materials
Item 9 – Chief Investment Officer’s Report – No Materials
Item 10 – Chief Benefit Officer’s Report – No Materials
– GASB 67 Report as of June 30, 2021 -
Staff recommends the Board receive and file the revised Governmental Accounting Standards Board Statement No. 67 Actuarial Valuation as of June 30, 2021. Receive and file.
– Annual Independent Financial Statement
Audit – Revised
Staff recommends the Board approve the reissued audited financial statements and Annual Comprehensive Financial Report (ACFR) and accompanying required reports for the fiscal year ended June 30, 2021. Deliberation and action.
– Fixed Income Manager
Staff and Verus to recommend Board approve Brandywine Global Investment Management and Reams Asset Management to manage core plus fixed income mandates for SCERS, and authorize CEO to execute any agreements necessary. In addition, Staff and Verus to recommend the Board approve reducing SCERS’ existing core plus fixed income mandates with TCW and PGIM, and approve the termination of SCERS’ investment in the Brandywine Global Opportunistic Fixed Income Fund. Deliberation and action.
– Overlay Program – Education and
Staff and SSGA to provide education on the Overlay Program and recommended revisions to the Overlay Program to align with the revised strategic asset allocation. Deliberation and action.
– Quarterly Investment Performance Report -
Cliffwater, LLC to present the performance report for the periods ended December 31, 2021 for the Absolute Return portfolio, and the period ended September 30, 2021 for the Private Equity, Private Credit, Real Assets, and Opportunities portfolios. Receive and file
Item 18 – Conference with Legal Counsel – Anticipated Litigation – No Materials