The Regular Retirement Board meetings have returned to in-person meetings held in the SCERS Board Room. You can watch the meeting live here.

Agenda
Minutes

Open Session

Item 1 – Call to Order – No Materials

Item 2 – Public Comment – No Materials

Closed Session

Item 3 - Conference with Legal Counsel – Initiate Litigation – No Materials

Item 4 - Public Employee Performance Evaluation – Chief Executive Officer – No Materials

Open Session

Item 5 – Minutes of the April 20, 2022 Regular Meeting

Item 6A – Chan, Timothy. Staff Recommendation dated May 18, 2022 (confidential)

Item 6B – Eisert, Gregory. Staff Recommendation dated May 18, 2022 (confidential)

Item 6C – Reference: General Law and Authorized Board Actions on Disability Retirement Proposed Decisions 

Item 7A – Felony Forfeiture Review

1. McGowan, Ryan
   • Staff Recommendation on Felony Forfeiture Enforcement for (Ryan McGowan)

Item 8 – Ratification of Service Retirement Application Approvals – April 2022

Item 9 – State Association of County Retirement Systems Legislative Update – May 2022

Item 10 – Trading Cost Analysis Report – First Quarter 2022 

Item 11 – Proxy Voting Activity Report – First Quarter 2022

Item 12 – Portfolio Allocation and Rebalancing Report – First Quarter 2022

Item 13 – Monthly Investment Manager Activity, Compliance, and Watch List Report – April 2022

Item 14 – Monthly Report of New Investment Activity – April 2022 

Executive Reports

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

Item 16 – Chief Investment Officer’s Report – No Materials

Item 17 – Chief Benefit Officer’s Report – No Materials

Administrative Matters

Item 18 – Pension Administration System Contract
Staff to recommend Board authorize the Chief Executive Officer to amend the Pension Administration System contract with LifeWorks and execute any necessary agreements.  Deliberation and Action.

Investment Matters

Item 19 – Global Equity Manager Recommendations
Staff to recommend the Board invest approximately $125 million with Artisan Partners (Global Opportunities strategy) and $125 million with Nikko Asset Management (Global Equity strategy), and authorize the Chief Executive Officer to execute necessary documents and agreements for each mandate; and authorize Staff to determine the most effective method for transitioning assets and execute any necessary documents or agreements to effectuate the transition of assets.  Deliberation and Action.

Item 20 – General Investment Consultant Contract
Staff to recommend the Board renew and extend the contract with Verus Advisory, Inc. for general investment consulting services, for a three-year term, and authorize the Chief Executive Officer to execute documents necessary to update the contract. Deliberation and Action.

Item 21 – Real Estate Investment Consultant Contract
Staff to recommend the Board renew and extend the contract with The Townsend Group (Townsend) for real estate investment consulting services, for a three-year term, and authorize the Chief Executive Officer to execute documents necessary to update the contract. Deliberation and Action.

Item 22 – Total Fund Quarterly Investment Performance Report – ​First Quarter 2022
Verus Advisory, Inc. to present the performance report for the quarter ended March 31, 2022. Receive and File.