March 17, 2021 10:00 a.m.
Item 1 – Call to Order – No Materials
Item 2 – Swearing-In Ceremony – Alternate Safety Trustee
Item 3 - Public Comment – No Materials
Item 5A – Hernandez, Victor. Proposed Decision of Administrative Law Judge dated January 19, 2021 (confidential)
Item 5B – Wall, Scott. Staff recommendation dated March 17, 2021 (confidential)
Item 5C - Watson, James. Staff recommendation dated March 17, 2021 (confidential)
Item 11 - Chief Executive Officer’s Report – No Materials
Item 12 - Chief Investment Officer’s Report – No Materials
- Actuarial Funding Risk Assessment
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.
- Interest Crediting and
Unallocated Earnings Policy
Staff and Segal to provide overview of Interest Crediting and Unallocated Earnings Policy, with Staff to recommend the Board adopt clarifying amendment regarding the current offset to member COLA contributions. Deliberation and action.
- Quarterly Investment Performance
Report – Alternative Assets
Cliffwater, LLC to present the performance report for the periods ended December 31, 2020 for the Absolute Return portfolio, and the period ended September 30, 2020 for the Private Equity, Private Credit, Real Assets, and Opportunities portfolios. Receive and file.