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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 April 19, 2023 Regular Meeting

Item 4 – Ratification of Service Retirement Application Approvals – April 2023

Item 5 – State Association of County Retirement Systems Legislative Update – May 2023

Item 6 - Monthly Report of Investment Activity - April 2023

Item 7 – Trading Cost Analysis Report – First Quarter 2023

Item 8 – Proxy Voting Activity Report – First Quarter 2023

Item 9 - Portfolio Allocation and Rebalancing Report - First Quarter 2023

Executive Reports

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

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

Benefits Matters

Item 12 – CEO Delegated Authority Policy for Personnel
Recommendation to approve new policy to formalize existing practices regarding the Chief Executive Officer’s authority for personnel matters.

Item 13 – Retiree Self-Service Portal
Recommendation to authorize Chief Executive Officer to enter into agreement with County Department of Technology to develop a retiree self-service portal.

Investment Matters

Item 14 - Total Fund Investment Performance Report – First Quarter 2023
Recommendation to receive and file the SCERS Total Investment Performance Review report for the quarter ended March 31, 2023, as presented by Verus Advisory.

Item 15 - Education:  Global Markets Outlook
Recommendation to receive and file an educational presentation by Global Markets Outlook, as presented by J.P. Morgan.

Closed Session

Item 16 – Public Employee Appointments (confidential)
Pursuant to Government Code section 54957(b)(1), this session shall be closed for the Board to discuss the following public employee appointments:

• Assistant Retirement Administrator-Enterprise Solutions Management (Chief Technology Officer)

Item 17 – 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.